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Two-bedroom ground floor flat requiring renovation

Porthcawl, CF36 - Get Access

2 bed 1 bath

Description

This two-bedroom ground floor flat is situated on Park Avenue in Porthcawl, Bridgend (CF36 3EP), and is in need of a complete renovation. Due to having only 58 years remaining on the lease, the property requires cash purchasers only. The accommodation comprises an entrance via a uPVC glazed door from the rear leading into the lounge, measuring 10’ 5” x 13’ 11”, which features laminated flooring, a radiator, a uPVC window, a dado rail, a fitted cupboard, and a range of base units to one wall. The kitchen measures 4’8” x 10’ 2” and includes an inset sink and drainer unit with cupboards below, a range of fitted wall and base units with a tiled work surface over, laminated flooring, a uPVC window, and a wall-mounted gas boiler. An inner hall features laminated flooring, a dado rail, and a radiator. Bedroom one measures 14’ 4” x 13’ 10” into the bay window to the front elevation and benefits from carpet flooring, a radiator, a picture rail, an inglenook fireplace with a wood mantle, and coving to the ceiling. Bedroom two measures 11’ 9” x 13’ 1” overall to the rear elevation, featuring carpet flooring, a radiator, and a uPVC door with a matching side screen to the rear. The bathroom comprises a white suite with a tiled panelled bath with a shower over, a low-level WC, a pedestal hand wash basin, mainly tiled walls, a tiled floor, a chrome ladder-style radiator, coving and spotlighting to the ceiling, and a uPVC window. Externally, the property benefits from a shed, a concreted area, and a rear lane with gates. The property is tenanted with a rental income of £500pcm and has a 58-year lease remaining with an annual ground rent of £200.00.
Comparable sales
12, Park Avenue, CF36 3EP 0.0 mi
House • End-Terrace 6 rooms EPC D (2024)
1,604 sq ft
£337,000
1 year ago
34, Park Avenue, CF36 3EP 0.0 mi
House • Semi-Detached 9 rooms EPC D (2023)
1,841 sq ft
£450,000
1 year ago
18, George Street, CF36 3EL 0.0 mi
House • Mid-Terrace 5 rooms EPC E (2015)
840 sq ft
£245,000
5 months ago
Estimated market value
£
Range: £ — £
Medium confidence Floor Area Estimated: 630 sq ft

This two-bedroom ground floor flat on Park Avenue in Porthcawl was valued by assessing its unencumbered potential and applying proportionate adjustments for a short 58-year lease and a condition score of 4/10. The 630 sq ft internal floor area forms the basis for sizing calculations. Market conditions for short-lease, cash-buyer-only properties in Bridgend dictate the severity of the lease discount.

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