Property For Sale Cardiff,UK
For sale by real estate agent - Cardiff
2 bed Property for sale
A Stunning 2 Bedroom Flat in Cardiff with 985-year lease remaining
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20% Below Market Value
2 Bedroom Flat with 985-year lease remaining
Landmark Place, Church Way,
Cardiff, CF10 2HT
Market Value = £195,000
Purchase Price = £150,000
Finders Fee = £3,000
Potential Gross Income = £14,400 per annum
Great Investment Opportunity!
For a limited time only, we have managed to secure a 2 Bedroom Flat in a fantastic location.
A well-presented tenth floor two-bedroom apartment in the heart of Cardiff City Centre. Benefitting from two double bedrooms, en suite, allocated parking and 24-hour concierge. The property is Leasehold and has approximately 985 years remaining. The annual service charge is approximately £1800.00 PA and council tax band is E.
· Two bedrooms Apartment
· En suite
· Allocated parking
· 24 hour concierge
· Close to city centre
To hallway with doors to all rooms, fitted storage.
Lounge 5.8m x 2.9m (19' x 9'6)
Double glazed window, wall mounted electric heater, open to:
Kitchen 2.9m x 2.9m (9'6 x 9'6)
Wall and base units, inset stainless steel sink and mixer tap, integrated oven, hob and extractor over, space for dishwasher and wash/dryer, integrated fridge freezer.
Bathroom 2.6m x 1.9m (8'6 x 6'3)
Low level WC, hand wash basin, panel bath with shower over, heated towel rail.
Bedroom One 3.5m x 3m (11'6 x 9'10)
Double glazed window, fitted storage, wall mounted electric heater and door to:
En suite 2.4m x 1.2m (7'10 x 3'11)
Low level WC, hand wash basin, shower cubical, heated towel rail.
Bedroom Two 3.2m x 2.1m (10'6 x 6'11)
Double glazed window, wall mounted electric heater.
The property is located in an ideal residential area close to local amenities.
3.2 miles from Cardiff Hospital
0.4 miles from South Wales University
1 min walk to Cardiff Queen Street station
The property can potentially generate an income as is of:
£277 per week = £1200 pcm = £14,400 per annum
· To purchase the property for £150,000 rent out to generate a healthy cashflow
· Purchase and refinance after 6 months against the true market value to pull out some of your investment
· You can be creative and use this as a service accommodation and generate a much healthier income by using the Location to your advantage.
As a single let : £1200 pcm = £14,400 per annum
Costs to Consider
· Mortgage cost at 4% = £375 pcm
· Management at 10% + Vat = £144 pcm
· Service Charges and ground rent = £150 pcm
CASHFLOW AFTER ALL THE ABOVE COSTS
Managed = £531 pcm = £6,375 per annum
Self Managed = £675 pcm = £8,100 per annum
Capital Required To Get Involved:
· Purchase Price = £150,000
· 25% Deposit = £37,500
· Stamp Duty = £5,000
· Legals = £1,000
· Sourcing Fee = £3,000
Total Capital Required = £46,500
The Return on Investment based on an investment of £46,500 =