The Economically Responsible Way to Own a Second Home
Co-own your second home
Co-owning your holiday home takes the stress and time commitment out of running a property from afar. The fully managed residences mean you can concentrate on the reasons why you bought your home-away-from-home in the first place and enjoy precious moments with loved ones, leaving us to take care of everything else.
How it works
It's your place, not a timeshare
Unlike a timeshare, co-owning at Conwy Valley Residences means that you own a share of the asset. When you buy a share, you purchase 25% of the company that owns the property.
Fair & transparent usage
A simple and fair fixed rotational calendar ensures a fair system of usage that is easy to use.
You can plan in advance and know that you’ll always get a first choice of peak time each year.
Earn while others sleep
Co-owning a quarter of the property means that you can enjoy three months of exclusive and private usage each year. Too busy to use it all one year? Why not rent out any unused weeks for extra revenue? The property management company will assist you.
Share the running costs
Co-owning a holiday home removes the sole financial burden of the annual running costs. You simply pay your share of the costs, which are equally split between the other co-owners.
Sell at any time
We won’t tie you in to owning your property forever. Should you decide to sell, at any point all we ask is that you offer your co-owners first refusal. You are free to sell your asset share yourself, or we can handle the sale on your behalf.
Own a More Luxurious Holiday Home for Less
Co-owning your slice of heaven in North Wales gives you the opportunity to buy into a high-level property for less initial investment, making financial sense. Not everyone will be able to use their holiday homes for three months a year, so there is the additional benefit of being able to generate income through high-end rentals at this sought-after location.
Peace of Mind That Your Property is Looked After
Sit back and enjoy your stay, and let us take care of the rest. Full property management includes:
- Council tax
- Property insurance
- Water& Electricity
- TV & Internet
- Weekly cleaning
- Upkeep of property, garden & grounds
The Savvy Way to Own a Second Home
Enjoy all the joy of owning a luxury holiday home at a fraction of the cost–and with everything taken care of for you.
Own
Initial outlay
£536,000
10 Years' Running Costs
Legal – £2,500
SDLT – £14,300
Insurance – £6,000
Repairs/maintenance – £10,000
Local taxes – £85,000
Total – £117,800
Total costs over 10 years
£653,800
(£5,448/week)
+ retained asset value
co-own
Initial outlay
£185,500
10 Years' Running Costs
Annual maintenance contribution – £8,500, including:
Agent fees
Legal & consultancy
Purchase tax
Insurance
Repairs & maintenance
Annual local taxes
0% interest
Full house team
Garden & estate management
Housekeeping (linen, cleaning, laundry, utilities, internet, & TV)
Total – £85,000
Total costs over 10 years
£270,500
(£2,254/week)
+ retained asset value
Visit us
Request a site visit
Plan a visit to check out the area and discover if co-owning your holiday home could be the key to owning your dream home away from home.