1 bedroom flat for saleMynachdy Road, Cardiff
Under Offer £62,500
The Property Supplier are pleased to bring to market this beautiful self contained apartment consisting of a brand new kitchen and bathroom located in this highly sought after new development.
Situated in the famous Cardiff student village this will have no problem achieving 100% tenancy rates at all times. Being within 1.4 miles of Cardiff`s two universities it is ideal for any of the 44,000 students studying in the area. Also being within 2 miles of two train stations and the main shopping centre it provides a great location for time spent away from lectures.
Investors will recieve an eye-watering 10% NET yearly rental return which includes full property managment and service charge (Ground rent will still be payable at £250 per annum)
We are offering buyers for our last three remaining apartments a £5,000 discount bringing it well below market value as well as 7% interest on deposit to give you instant equity.
Example purchase :
Purchase price: £59,995. Yearly profitt after service charge, ground rent and property management guaranteed: £5745. Guaranteed minimum profit over the 5 years: £28,725. After the five years the rental return is expected to increase.
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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