VALLEY MEWS Valley Holyhead
One for the investors “...this is a fabulous opportunity to own a multi optional portfolio in an increasingly popular area of Anglesey, which is now one of the most popular tourist destinations in the UK.�
The investment as it stands consists of 6 x 2-bedroom Freehold houses currently all tenanted with local professionals. There is a plot of land that can be built on the end of the row of 6 houses to build a 7th house and a substantial area to the front which is currently used as car parking for the tenants but comes with the purchase and could be developed if chosen.
Very popular with local tenants with good consistent rents, the 6 properties are yielding over 6% NET. These properties were appraised by Sykes in 2019,* and if you were to use one, some or all as a Furnished Holiday Let, or FHL, then you can look to double your returns to more than 12% NET. However, since 2019, demand in Anglesey for Furnished holiday lets has increased so these figures could be outdated and you could be looking at much higher returns. *click link for appraisal
The individual open market values of the properties is estimated at somewhere between £750k - £780k Cost to build another 2 bed would be circa £75k Open market value on completion £125-£130k Property prices in Valley, Anglesey have increased by 22% in the last 5 years – courtesy of property data UK
The location Situated just a few hundred metres from the train station and easy access to the A55 and A5 gives you easy access. Valley is a small, quality and cosy community and has all you need for exploring the local facilities and the Island itself. Valley is situated perfectly for visiting and exploring everything that you could want in Anglesey, including Trearddur Bay (pictured)
• 7 mins drive to Trearddur Bay which is widely recognised as one of the best and most expansive beaches on the Island. • 11 minutes drive to Silver Bay, a highly popular tourist destination • 7 minutes drive to Holyhead • 14 minutes drive to Rhosneigr • 3 Golf courses including Lon Garreg Faw, Clwb Golff Ynwys and the Beach Golf Club are all less than 15 minutes drive.
FINANCIAL PROJECTIONS
FINANCIAL PROJECTIONS contd.
The investment as it stands with investment price of £660,000
Property Current rent P.A OMV estimate Estiamted rent on FHL 1 Valley Mews 6,600 125,000 13,701 2 Valley Mews 6,900 130,000 15,213 3 Valley Mews 6,600 130,000 15,231 4 Valley Mews 6,600 120,000 12,456 5 Valley Mews 6,600 120,000 13,701 6 Valley Mews 6,600 120,000 13,701 Rent per annum 39,900 84,003 NET return purchase price 6.05% 12.73% Estimated open market value £745,000 Equity in properties total
£85k
The investment with a 7th Property Built
Property Current rent P.A OMV estimate Estiamted rent on FHL 1 Valley Mews 6,600 125,000 13,701 2 Valley Mews 6,900 130,000 15,213 3 Valley Mews 6,600 130,000 15,231 4 Valley Mews 6,600 120,000 12,456 5 Valley Mews 6,600 120,000 13,701 6 Valley Mews 6,600 120,000 13,701 Cost of build Predicted rent OMV estimate Estimated rent on FHL 7 Valley Mews 75,000 6,600 125,000 13,701 Rent per annum 46,500 97,704 Net return on purchase price 7.05% 14.80% Estimated open market value £870,000 Equity in properties total
£155k
+44 1244 343 355 sales@residential-estates.co.uk www.residential-estates.co.uk Residential Estates Kinnerton House Bell Meadow Cuckoos Nest, Pulford, Chester, CH4 9EP