2 bedroom apartment

Admiral House, 38-42 Newport Road, Cardiff, CF24 0DH

Size: sqm

Purchase price

£180,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £11,520
Ground rent £300
Service charge £2,700
Net income £8,520
Gross yield 6.4%
Net yield 4.73%

An excellent investment opportunity located right in the heart of Cardiff City Centre, already tenanted producing immediate returns of near 5% NET with good scope to increase. The third floor apartment is situated in a sought after modern apartment block named Admiral House, consisting of spacious open plan living area with floor to ceiling windows providing a wonderful light and airy feel. Also included is a modern integrated kitchen, two sizeable bedrooms, master with ensuite and family bathroom.

Admiral House is a secure, attractive and well-maintained development which is ideally located just a short stroll from the town centre meaning it is sure to always be in demand rental accommodation. Cardiff is an vibrant city which has something to offer for everybody. It is one of the UK’s top ten retail destinations, is home to four major universities, and has many performing arts venues such as the Wales Millenium Centre. The city has plenty of green spaces which make up for around 10% of its area and is home to several landmark buildings such as Principality Stadium, Pierhead Building, the Welsh National Museum and Cardiff Castle. It is ideal for commuters and those wanting to travel as it has the largest railway station in Wales, with services running to Wrexham, Holyhead, Bristol, Birmingham, Manchester and London. It’s no wonder that Cardiff is the most popular destination in Wales!

According to figures obtained by Rightmove house prices in the postcode of CF24 over the last year were 10% up on the previous year and 14% up on the 2020 peak, meaning this is an investment not to be missed out on!

FANTASTIC INVESTMENT OPPORTUNITY IN CARDIFF CITY CENTRE! Stylish third floor apartment with floor to ceiling windows, two bedrooms and two bathrooms.

Interested in this property? Enquire today for more information

Key features

Key features

Buy-to-let investment opportunity

Key features

Already tenanted producing a great yield

Key features

Well maintained development

Key features

Great location

Key features

Third floor

Key features

Two spacious bedrooms

Key features

Two bathrooms

Key features

Floor to ceiling windows

Key features

Excellent transport links

Key features

Walking distance to city centre

FANTASTIC INVESTMENT OPPORTUNITY IN CARDIFF CITY CENTRE! Stylish third floor apartment with floor to ceiling windows, two bedrooms and two bathrooms. More info...

An excellent investment opportunity located right in the heart of Cardiff City Centre, already tenanted producing immediate returns of near 5% NET with good scope to increase. The third floor apartment is situated in a sought after modern apartment block named Admiral House, consisting of spacious open plan living area with floor to ceiling windows providing a wonderful light and airy feel. Also included is a modern integrated kitchen, two sizeable bedrooms, master with ensuite and family bathroom.

Admiral House is a secure, attractive and well-maintained development which is ideally located just a short stroll from the town centre meaning it is sure to always be in demand rental accommodation. Cardiff is an vibrant city which has something to offer for everybody. It is one of the UK’s top ten retail destinations, is home to four major universities, and has many performing arts venues such as the Wales Millenium Centre. The city has plenty of green spaces which make up for around 10% of its area and is home to several landmark buildings such as Principality Stadium, Pierhead Building, the Welsh National Museum and Cardiff Castle. It is ideal for commuters and those wanting to travel as it has the largest railway station in Wales, with services running to Wrexham, Holyhead, Bristol, Birmingham, Manchester and London. It’s no wonder that Cardiff is the most popular destination in Wales!

According to figures obtained by Rightmove house prices in the postcode of CF24 over the last year were 10% up on the previous year and 14% up on the 2020 peak, meaning this is an investment not to be missed out on!

  • Key features
    Tick Desktop Buy-to-let investment opportunity
    Tick Desktop Already tenanted producing a great yield
    Tick Desktop Well maintained development
    Tick Desktop Great location
    Tick Desktop Third floor
    Tick Desktop Two spacious bedrooms
    Tick Desktop Two bathrooms
    Tick Desktop Floor to ceiling windows
    Tick Desktop Excellent transport links
    Tick Desktop Walking distance to city centre
  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £11,520
Ground rent £300
Service charge £2,700
Net income £8,520
Gross yield 6.4%
Net yield 4.73%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.