4 bed detached house for sale

Salisbury Road, Roath, Cardiff CF24

Investment Opportunity: Freehold Property with Two Self-Contained Flats in Prime Student Area
Property Overview: Situated in the heart of Cathays, Cardiff, this freehold property is strategically divided into two self-contained flats, each offering two double bedrooms. Located within walking distance to Cardiff University and the City Centre, the property is ideally positioned to attract both students and professionals.

Current Tenancies:

Ground Floor Flat: Achieves a monthly rental income of £950.
First Floor Maisonette: Achieves a monthly rental income of £900.
This results in a combined annual rental income of £22,200, reflecting a robust yield of over 6.5% based on the asking price of £335,000.
Please note these rents would increase this year

Flat Details:

Ground Floor Flat:
Bedrooms: Two spacious double bedrooms, fully furnished.
Living Space: Comfortable living room leading to a well-equipped kitchen.
Bathroom: Modern shower room with contemporary fittings.
Outdoor Space: Access to a generous rear garden, perfect for outdoor relaxation.
Availability: Fully tenanted with a strong rental history.

First Floor Maisonette:
Bedrooms: Two double bedrooms on first and second, each furnished.
Living/Dining Area: Expansive open-plan space on the first floor, ideal for both living and dining purposes.
Kitchen: Modern kitchen with appliances.
Bathroom: Contemporary bathroom suite.
Availability: Currently let to professionals, ensuring consistent rental income.

Investment Highlights:
Prime Location: Cathays is renowned for its vibrant student community and proximity to essential amenities, making it a sought-after rental area.
Strong Rental Demand: The property's location ensures high demand from both students and young professionals, minimizing vacancy periods.
Freehold Advantage: Owning the freehold provides greater control over the property and potential for future development or reconfiguration.
Yield Potential: With a yield exceeding 6%, this property offers a lucrative return on investment in a thriving rental market.
Additional Information:

EPC Rating: Both flats are rated D, indicating good energy efficiency.
Council Tax Band: Each flat falls under Band C.
Tenure: Freehold.
This property presents a unique opportunity for investors seeking a ready-made rental income in one of Cardiff's most dynamic areas. With its prime location, strong rental history, and potential for future appreciation, early viewing is highly recommended.