12 bed block of flats for sale

Banwell Court, Banwell Street, Treforys, Abertawe, Swansea SA6

For sale by online auction - Lot 84 - Residential Investment
Bidding opens: 20/05/2025 12:00
Auction scheduled to end: 22/05/2025 19:34

online auction from 20th may - 22nd may 2025

Introducing Banwell Court a block of 6 x 2-bedroom flats situated in the area of Morriston, Swansea. Each flat offers a comfortable and inviting living space for those seeking a long-term rental and is a perfect investment opportunity.

The flats boast a modern design with a spacious layout, perfect for individuals or small families. The nearby amenities in Morriston provide convenience and ease of access to local shops, restaurants, and transport links. With a council tax band of A, this property offers great value for money for tenants.

Located in a quiet residential area, Banwell Court is ideal for those looking for a peaceful retreat while still being within reach of the bustling city centre. Whether you enjoy leisurely walks in the nearby parks or exploring the historic landmarks in the area, there is something for everyone to enjoy.

Currently letting at £750pcm per flat. Fully let total income £54,000, commanding an exceptional yield of 18%.

Flats are leasehold - 99 years from 25 March 1976, so 50 years remaining. We have been informed that you can purchase the freehold for the 6 x flats (Please review legal pack).

The site also offers further scope for a larger development of flats in the future (STPP).

Close to the city centre, a major suburb of Swansea. A short distance away from schools and the local amenities of Morriston with its convenience stores, banks, restaurants and takeaways. It is on a good bus route and close to major employers at the dvla, Morriston Hospital, Swansea Enterprise Park and Morfa Retail Park. Also located nearby is the football stadium, home of Championship team Swansea City afc. Morriston is well accessed via A4067, A48, B4603 and lies approximately 3miles north-east of Swansea. Easy access to the M4 motorway (junction 45).

Virtual tour

Tenure:
Advised Leasehold - to be verified by solicitor

Tenancies:
Investors If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email for invaluable advice.