Falcon Drive, Cardiff(City), CF10
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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Key features
- Buy-to-let investment property
- Two bedroom apartment
- Current net yield: 7.0%
- Being sold with tenants in situ
- Strong rental income: £1,100pcm
- Leasehold: (980 years remaining)
Description
Sirius House offers investors a rare opportunity to acquire a highly lettable, fully furnished, two bedroom apartment in the sought after Celestia development. With long-term rental stability, excellent tenant demand, and fully resolved cladding compliance backed by Barratt/Redrow guarantees and FCSC reassurance, this is a secure and future-proofed addition to any property portfolio.
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Investment Performance & Returns
Gross Rental Yield: £1,100 pcm (£13,200 per annum)
Yield: 9.78% gross (based on £135,000 purchase price)
Net Yield (after service charge & ground rent)
* Rental income: £13,200 p.a.
* Service charge: £3,698 p.a.
* Ground rent: £150 p.a.
* Net income: £9,352 p.a.
* Net Yield: 7.0%
* Reliable tenants up to date with rent
* Cardiff Bay remains one of the most robust rental markets in Wales due to:
o Professional tenant demand
o Proximity to government offices
o Waterfront lifestyle
o Excellent transport links
This property is ready-made for long-term income growth.
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Property Overview
A modern, furnished 2-bedroom, 4th floor apartment offering:
Internal Features
* Spacious open plan lounge & dining area
* Modern fitted kitchen with integrated appliances
* Master bedroom with en-suite, shower cubicle & fitted wardrobes
* Second well-sized bedroom
* Large main bathroom
* Fully furnished - ideal for immediate rental continuity
* Water rates included
Additional Features
* Undercroft allocated parking space
* Lift access
* Secure, well-maintained development
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Cladding & Fire Safety - Fully Resolved
The Celestia development previously had cladding and fire safety concerns. These have now been:
Fully remediated
* Guaranteed by developers Barratt / Redrow
* FCSC-backed, ensuring compliance and protection
* Documentation to be issued post-completion
Administrative completion is anticipated within approximately 2 years, with no further costs to the leaseholder.
This provides future market confidence and a strong resale trajectory.
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Location - Cardiff Bay
Celestia is situated in one of Cardiff's most sought-after waterfront districts:
Walking distance to:
* Welsh Assembly / Senedd
* Mermaid Quay - dining, bars, leisure
* Cardiff Bay station
Easy access to:
* Cardiff City Centre
* A4232 Link Road
* M4 motorway
This makes the property exceptionally desirable to professionals, government employees, and long-term renters.
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Summary for Investors
* 9.78% Gross Yield / 7.0% Net Yield
* Fully furnished & tenanted - income from day one
* Long 980-year lease
* Resolved cladding issues with full guarantees
* Undercroft secure parking
* High-demand Cardiff Bay location
* A strong long-term passive income asset
This is a low-maintenance, high-performing investment with future capital growth potential.
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LET PURE INVESTOR TAKE THE STRAIN AWAY ...
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.
* Fully managed lettings and property management service
* Comprehensive coverage throughout England and Wales
* One team, one fee across your full portfolio
* Rental income protection available
* Transfer your existing properties quickly and easily
If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team on Tel:
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Falcon Drive, Cardiff(City), CF10
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Visit our security centre to find out moreDisclaimer - Property reference Sirius-House-Cardiff. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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