7 Flats - Conwy

Apartment Block 7 Flats with Dual Uplift Potential

Financials:
Monthly Rent £5,600
Annual Rent £67,200
Monthly NET £2,460.97
Annual NET £29,531.58
ROCE 11%
Gross Yield 10%
Net Yield 5%

For Sale under Auction with 28 days for completion. Puffin House is a modern, fully-let 7‑unit coastal block delivering £67,200 annual income. Completed in 2022, the building offers low maintenance, strong compliance, and clean layouts ideal for title splitting into seven individual apartments.

The property also includes an adjacent bungalow plot with previous planning history, creating a second uplift route. A new-build bungalow carries a GDV of £250k–£300k and £80k–£130k profit potential using development finance.

Combined, the block uplift + bungalow uplift delivers £200k–£330k total upside, alongside strong cashflow and multiple exit strategies. This is a rare dual‑uplift, high‑yield opportunity in the North Wales coastal corridor.
Partnering with Sourced gives you access to the following support:
• Sourced Capital – finance support for bridging loans, mortgages, and tailored funding solutions at competitive rates.
• Sourced Enterprise – support with setting up a tax-efficient SPV and arranging any accounting services you may need.
• Sourced Living – assistance with finding suitable tenants, managing your property, and keeping everything fully compliant.
• Sourced Property – ongoing support to help you identify future opportunities that match your goals and investment criteria.