Clive Crescent, Penarth
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
9
- BATHROOMS
4
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Viewings through Auction House Wales
Substantial Semi-Detached Property Currently Converted into Apartments having Investment & Development Potential
3 Clive Crescent Penarth, Vale of Glamorgan. CF64 1AT
A substantial Semi-detached property located within a sought-after seaside town, the accommodation currently comprises of a lower ground floor two-bedroom self-contained apartment with scope for re-configuration, a self-contained ground floor two-bedroom apartment. To the first floor is an apartment comprising of 3 x refurbished studio rooms with a shared bathroom, whilst the top floor contains a large one-bedroom apartment again with scope for re-configuration.
The property is now vacant and have been informed that it was previously producing a gross annual income of £55,140 per annum, however, the income was substantially below current market rent. In our opinion, the accommodation could provide a gross rental amount of circa £65,000-£70,000 per annum. There may also be an opportunity to split the title and sell individually or alternatively, convert the accommodation into one dwelling with re-sale figures suggesting a value in excess of £1M in our opinion.
Penarth is a very sought after seaside town, benefiting from a Victorian Esplanade and Pier at the beach front, with numerous eateries and bars and boutiques being present along within the town centre. Excellent schooling is also available, along with Cardiff Bay and the Barrage being within walking distance. There are excellent public transport links to Cardiff City Centre and Barry, good access is provided to the A4232/A48 and M4. Penarth has also received many accolades over the years, such as best Best Place to Live by The Times in 2025, being just one.
Additional Information - Please note that we are advised by the client that there is some stamp duty relief on the block, due to the property being 4 separate dwellings, we would suggest that any interested parties make their own enquiries with regard to this.
Further Details - Lower Ground Floor Entrance, lounge, kitchen, three rooms and a bathroom.
Ground Floor Entrance porch, living room / kitchen, two bedrooms and a bathroom.
First Floor Entrance, three studio rooms and a bathroom.
Second Floor Lounge, kitchen, bathroom and one bedroom.
Viewings Via Auction House Wales
Council Tax Band Garden Flat - B
Ground Floor Flat - C
First Floor Flat - C
Top Flat - C
Epc Ratings - EPC Rating: Garden Flat - D, G F Flat - D, F F Flat - D & Top flat - E
Administration Fee - 1.5% inc VAT of the purchase price, subject to a minimum of £2100 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Brochures
Clive Crescent, PenarthBrochure- 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.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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
Clive Crescent, Penarth
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Visit our security centre to find out moreDisclaimer - Property reference 35006175. 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 Hern & Crabtree, Pontcanna. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Hern & Crabtree, Pontcanna on 029 2271 6621.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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