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

$200,377 | £150,000 | €168,693
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ForSale 723 SqFt Area 2Baths 2Beds

 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.


 


Property features


 


·       Two bedrooms Apartment


·       En suite


·       Allocated parking


·       24 hour concierge


·       Close to city centre


 


Entrance


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.


 


Parking


Allocated parking.


 


Location


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
 


 


Rental


The property can potentially generate an income as is of:


 


 


£277 per week = £1200 pcm = £14,400 per annum


 


The Vision 


 


·        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.


 


Potential rental:


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 =


 


Managed 14%


Self-Managed 17% 

Allocated Parking
Balcony
Cloakroom
Double Glazing
Electric Heating
Ensuite
Fitted Kitchen
Fitted Wardrobes
Internet Access
Lift
Lobby