Property For Sale Cardiff,UK

 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%