A couple who bought a derelict former NatWest bank for £31,000 have transformed it into a luxury home, with the property now valued at £250,000.
Ryan Green, 28, and his wife Nicole, 27, purchased the abandoned building in Penmaenmawr, North Wales, two years ago and turned it into a shop and a stylish two-bedroom flat.
Ryan, who grew up in the village, said: ‘I never remember it being open. It’s such a cool building and it was going for so cheap – it was a no-brainer.
‘The auction is brilliant, within 30 days, we got the keys.’
The keen property developer explained that the building had been empty for nearly a decade and he tried his luck with his £31,000 budget when it went on the market.
A couple who bought a derelict former NatWest bank for £31,000 have transformed it into a luxury home, with the property now valued at £250,000
Ryan Green, 28, and his wife Nicole, 27, purchased the abandoned building in Penmaenmawr, North Wales, two years ago and turned it into a shop and a stylish two-bedroom flat
Former NatWest Bank in Penmaenmawr, North Wales, has been renovated into a shop and a two bedroom flat by new owner Ryan Green
Ryan, who grew up in the village, said: ‘ I never remember it being open. It’s such a cool building and it was going for so cheap – it was a no-brainer. The auction is brilliant, within 30 days, we got the keys’
Ryan, a keen property developer, explained that the building had been empty for nearly a decade and he tried his luck with his £31,000 budget when it went on the market
Ryan and Nicole, a care assistant, moved into the property in March while they were working on the bank. So far they have spent £60,000 installing a new bathroom and kitchen, eight new double-glazed windows, removing 75 per cent of the walls and replacing two rooves
The luxury two-bedroom flat now has a cosy feel with a modern touch throughout the property. ‘We had to the whole building which needed decorating and new plasterboard. It’s just one large open-plan area,’ said Ryan
He said: ‘My laptop died after putting the final bid in. I powered it back up and saw that I’d won. It was unbelievable.’
Ryan and Nicole, a care assistant, moved into the property in March while they were working on the bank.
So far they have spent £60,000 installing a new bathroom and kitchen, eight new double-glazed windows, removing 75 per cent of the walls and replacing two rooves.
The luxury two-bedroom flat now has a cosy feel with a modern touch throughout the property.
‘We had to the whole building which needed decorating and new plasterboard. It’s just one large open-plan area,’ said Ryan.
The couple ‘needed a new ceiling, new heating, new rewiring, a fire alarm. It was just an empty shell. ‘It’s had so many issues and been a big learning curve. We ended up having to remove and rebuild a whole wall as it was so damp’
The couple have spent £60,000 installing a new bathroom and kitchen, eight new double-glazed windows, removing 75 per cent of the walls and replacing two rooves
But the hard work on the renovation paid off, as the property has now been valued at £250,000
(Pictured: Ryan and Nicole) Ryan said the locals in the near 3,000 populated town – with a sandy beach with a promenade – are happy to see the former bank has been given a new lease of life
‘We needed a new ceiling, new heating, new rewiring, a fire alarm. It was just an empty shell.
‘It’s had so many issues and been a big learning curve. We ended up having to remove and rebuild a whole wall as it was so damp.’
But his hard work on the renovation paid off, as the property has now been valued at £250,000.
Ryan added that the locals in the near 3,000 populated town – with a sandy beach with a promenade – are happy to see the former bank has been given a new lease of life.
He said: ‘I know most people in the village. Everyone seems to be happy seeing it come back to life.’
