Pearl Street, Splott
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
2
- BATHROOMS
2
- 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
Key features
- Excellent investment opportunity comprising two self-contained flats.
- Both flats fully let, generating £18,900 annual rental income.
- Attractive gross rental yield of approximately 8.5%
- Ground floor flat let at £825 pcm, offering approximately 46 sq m of accommodation.
- First floor flat let at £750 pcm, offering approximately 46 sq m of accommodation.
- Convenient Pearl Street location, close to Newport Road, Cardiff City Centre and a range of local amenities
Description
An excellent opportunity to acquire this converted terraced property, comprising two self-contained flats, both of which are fully let and generating a combined annual rental income of £18,900. This represents an attractive gross rental yield of approximately 8.5%
Ideally situated on Pearl Street, Splott, the property is conveniently located within easy reach of Cardiff City Centre, Newport Road and a wide range of local amenities, shops and transport links.
Both flats have been well maintained by the current landlord and offer modern fitted kitchens and bathrooms, making this an appealing investment opportunity with an established rental income from day one.
Flat 1 – Ground Floor
Currently let at £825 pcm, offering approximately 46 sq m of accommodation and an EPC rating of D.
Flat 2 – First Floor
Currently let at £750 pcm, offering approximately 46 sq m of accommodation and an EPC rating of C.
An ideal opportunity for investors seeking an established income-producing property in a convenient and popular Cardiff location.
Please note: A non-refundable administration fee of £24 including VAT is payable per buyer to carry out the required AML verification checks once an offer has been accepted. The sale cannot proceed until these checks have been satisfactorily completed. This is on acceptance of offer only. Details can be found on our website.
We are advised by the vendor that provisions of electricity, gas, water and sewerage are connected to a mains supply, and no materials used in construction may impact a buyer's enjoyment, mortgage availability, or insurance availability, and there are no issues or restrictions on mobile signal/coverage.
Flat 1
Bedroom 4.06m x 3.59mLounge 3.87m x 3.44mKitchen 3.20m x 2.81m Bathroom
Flat 2
Lounge 5.12m x 3.78mBedroom 3.66m x 3.50m Kitchen 3.51m x 1.75m Bathroom
- 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.
- Band: B
- 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.
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- 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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Visit our security centre to find out moreDisclaimer - Property reference 10810401. 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 CPS Homes, Cardiff. 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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