Cardiff, CF10 5NR | Investment Property for Sale | VES-CF10-002

Opportunity to purchase an apartment in Cardiff generating £9,000rent pa and a gross yield of 6.2%

£145,000

Apartment

VES-CF10-002

INITIAL INVESTMENT

£66,150

GROSS RENT / YIELD

£9,000 / 6.2%

NET RENT / YIELD

£5,378 / 3.7%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£205

SERVICE CHARGE

£1,330

2 bedrooms

2 bathrooms

1 reception room

663

Unfurnished

Leasehold information

  • Length of lease: 150 years
  • Year lease started: 2004

Property information

  • First floor apartment
  • Open plan living/kitchen/diner
  • Master bedroom has ensuite
  • EPC rating C
  • Within walking distance of Mermaid Quay and Cardiff's city centre

Note

Please note that the photos have been provided by the vendor.

Tenancy

RENT

£9,000 p.a. / £750 pcm

TENANCY DEPOSIT

£938

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

2 months ago

TENANCY AGREEMENT ENDS

9/1/2020

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

Financials

VIEW FINANCIALS WITH

Personalise the financials

Edit our market average financial assumptions to see every property using your financial strategy.

Sign In or Sign Up

 to edit financials 

>

Rental Income

GROSS RENT PER ANNUM

£9,000

Equivalent of £750 per calendar month (PCM).

GROSS RENTAL YIELD

6.2%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£5,378

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.7%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£3,622

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Cardiff, Wales

Cardiff is the capital of Wales and its largest city. The eleventh-largest city in the United Kingdom, it is Wales' chief commercial centre, the base for most national cultural institutions and Welsh media, and the seat of the National Assembly for Wales.

Cardiff is one of the UK’s fastest-growing economies in the UK, offering a growing connected business community, an active and innovative media sector, houses world-class universities and sporting facilities and a lifestyle that ranks amongst the best in Europe.

Cardiff has a thriving city centre, with great shopping centred on Queen Street and the newly developed St. David’s Centre. More recently, Cardiff has cemented itself as a leading city to watch international major sporting events, attracting global audiences and in 2014 was crowned European Capital for Sport.

The construction of the Cardiff Bay Barrage in the Nineties was the catalyst for the £2 billion regeneration that turned the waterfront into a go-to destination.

The local economy is also benefiting from the abolishment of the tolls on the Severn Bridge in 2017, which is attracting a new demographic and opening up the Welsh countryside to tourism. The railway line regeneration to Bristol in 2020 is anticipated to make Cardiff more accessible to business travellers and tourists, which could have a positive impact on the property market also.

Home to a range of exceptional world-class universities, Cardiff has become a hotspot for students, with a student population of more than 65,000 making up almost 12% of the city’s entire population. Cardiff University has around 32,000, the University of South Wales has around 22,800 and Cardiff Metropolitan University has just over 10,000.

The city is a thriving business hub supporting a growing number of companies in sectors like health, education, biotechnology, ICT, financial and business services and creative media industries (InvestinUK). Cardiff also houses many internationally financial services companies such as Lloyds, HSBC, TSB, GE and GMAC.

As property prices and economic growth suffer in other parts of the UK, Wales is thriving, with house prices predicted to rise by 20 percent over the next five years.

There are lots of development initiatives ongoing or planned. Adjacent to Cardiff Central railway station is Central Square, a huge new quarter that will include HMRC’s new Wales headquarters, the new Foster + Partners-designed home for BBC Wales, and Cardiff University’s new School of Journalism.

Cardiff has seen lots of purpose-built student blocks built in more recent years, as well as areas around Cathays, Roath, Adamsdown, Splott, Heath and Plasnewydd attract students with those areas being within a 10 – 20-minute walk from the different campus’. According to a report in 2017 by Cushman & Wakefield the student-to-bed ratio in Cardiff was 2.5:1; higher than the national average, demonstrating that demand for student property developments in Cardiff remains high.

Reresby Court,

Cardiff,

Cardiff,

Wales,

CF10 5NR

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2019 Vesta Global Limited. All rights reserved.