22 Bodelwyddan Avenue Kinmel Bay, Rhyl, Clwyd, LL18 5BW

Description

OPEN HOUSE -WEDNESDAY 9TH 5PM-5:30PM

Title Number: WA443216
Tenure: Freehold
Local Authority: Conwy
EPC Rating: C
Council Tax Band: D
what3words: ///minute.improving.packet

A property that boasts true end potential conveniently located in the heart of coastal town, Kinmel Bay. The property allows for easy access to the local harbour, beach front promenade, local eateries and pubs and Asda superstore. it is also a short journey over the infamous 'Blue Bridge' to get into the nearby Marina Quay retail park and Rhyl town centre.

ROOM LIST - Any Floor plan and measurements are for indicative purposes. Please conduct further due diligence as required. Please refer to the floorplan for dimensions but as mentioned, always carry out relevant checks and inspections yourself where possible as they are used for guidance and illustrative purposes only.

Entrance Hall
WC
Lounge
Kitchen/Dining Area
Conservatory
Bedroom One
Bedroom Two
Bedroom Three
Bathroom
Single Garage

PLEASE NOTE No appliances have been tested by Auction House. Any measurements are approximate. We recommend any would be bidders conduct their own due diligence in good time prior to the auction taking place.

IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.WA443216

Tenure: Freehold

EPC Rating: C

Investment Analysis

Investment Snapshot

Guide Price: £140,000+
Desktop Purchase Sensitivity: £140,000–£154,000
Approx. Size: Not established unless confirmed on the individual listing/floorplan
Indicative Works Allowance: £18,000–£40,000
HB Desktop Rent Scenario: approximately £1,000 pcm / £12,000 p.a.
Gross Yield at Guide on HB Rent Scenario: 8.6%
Suggested Strategy: Buy-to-Let / BRRR
Risk Level: Medium
Analysis Confidence: Medium-Low pending legal pack and comparable verification

Property & Investment Context

3 Bed Detached House – Rhyl at 22 Bodelwyddan Avenue Kinmel Bay, Rhyl, Clwyd, LL18 5BW is being assessed from an investor perspective rather than simply repeating the auction listing. The published guide is the entry reference only and is not assumed to equal market value or the eventual sale price. Rhyl is the principal local market for this appraisal. Published market evidence identified in the research pass shows recent detached sales on Bodelwyddan Avenue at £225,000 (Feb 2026), £250,000 (Nov 2025) and £260,000 (Jun 2025), with a street-level average rent around £995 pcm. That evidence supports treating the £140,000 guide as a value-add entry point rather than a stabilised-value benchmark. The asset type, bedroom count where stated, tenure category and guide level determine whether the opportunity is primarily income-led, refurbishment-led, resale-led or development-led.

Works Required

Allow for condition-led internal renewal, statutory compliance and contingency; final scope must follow the photographs, survey and legal pack. The provisional allowance of £18,000–£40,000 is an HB desktop estimate rather than an auctioneer fact. For residential houses the scope should test kitchen and bathroom condition, electrics, heating, windows, roofing, damp, drainage, plastering, flooring, decoration and external fabric. Apartments need equal focus on lease length, ground rent, service charge, planned major works and block-level fire/building compliance because these can materially change the investment case. A 10–15% works contingency is sensible until condition is verified.

Rental & Market Context

The working HB rent scenario is approximately £1,000 pcm / £12,000 p.a.. This is deliberately labelled as an appraisal estimate, not a quoted tenancy and not a substitute for live comparable evidence. On that scenario the gross yield at guide is 8.6%. Before bidding, rent should be checked against the same bedroom count and property type in the immediate postcode area, then adjusted for condition, parking, outdoor space, building quality, transport and local tenant demand. Where the property is already tenanted, the actual lease/AST, arrears history, deposit protection and rent-review position should override a modelled market rent.

Sold within 5m radius

Recent sold evidence is required to set a defensible GDV and maximum bid. No invented comparables have been inserted. Where a reliable same-street or same-postcode transaction was not established in this pass, GDV remains unconfirmed rather than being calculated as an arbitrary percentage above guide. The evidence hierarchy should be same street first, then sub-1-mile transactions, matched by type, bedrooms, tenure and condition, ideally within the last 12–24 months.

Strategy Recommendation

The preferred initial strategy is Buy-to-Let / BRRR. For houses, the choice between straight BTL and BRRR depends on whether refurbishment genuinely creates enough end value for a refinance at roughly 75% LTV without leaving excessive cash in the deal. For flats, a lower-capex BTL approach is usually more robust unless lease and service-charge terms are particularly favourable. Land and unusual assets should instead be underwritten to planning status, access, services, abnormal build costs, professional fees and exit value.

Potential BRRR / Exit Position

A full BRRR or flip calculation has not been forced where a reliable GDV is unavailable. Once end value is verified, the test should compare purchase price plus works and acquisition/finance costs against a 75% refinance value, or against net resale proceeds after selling costs. The important investor question is not whether guide plus works is below an assumed GDV, but whether the final capital left in or net profit still meets the required return after SDLT, auction fees, legal fees, finance, holding costs, valuation/broker costs and contingency.

Maximum Bid & Risks

The guide-to-10%-above-guide band of £140,000–£154,000 is shown as bidding sensitivity only, not as a valuation. A defensible maximum bid should be back-solved from verified end value or stabilised income, less all project costs and the investor's required margin. Principal risks include hidden condition, legal-title restrictions, tenure/service-charge exposure where relevant, financeability, overbidding versus local evidence and works-cost inflation. If verification weakens rent or end-value assumptions, the correct response is to reduce the bid rather than stretch the return assumptions.

Recommendation

This lot warrants further due diligence because the auction guide gives a defined entry point, but the investment decision should be controlled by verified local evidence rather than guide price alone. The next priorities are condition, legal pack, tenure obligations, realistic works, live rental evidence and recent sold comparables. The deal is strongest where purchase remains close to guide and the property can be stabilised without major hidden capital expenditure.