2 bed flat for sale

Burt Place, Cardiff CF10

Ref: 19722656

Two bedroom second floor flat - two bathroom - private parking - leasehold - asking price £150,000 - potential ROI 10%

Available with tenant in situ or vacant for an owner occupier

12, Burt Place

Sales and Lettings Angels are pleased to present this two-bedroom second-floor apartment in Cardiff Bay, offered for sale at £150,000. This property includes off-road parking and is well-suited for both first-time buyers and investors.

The apartment features a spacious open-plan kitchen and living area with a Juliet balcony. The kitchen is fully equipped with an electric hob and oven. Both bedrooms are well-proportioned doubles and will include the existing double beds, mattresses, and storage furniture. Additionally, the property includes two modern bathrooms: One with a shower cubicle and one with a full bath.

Investment Details:
The property is currently let for £1,000 per calendar month. The current tenant is open to an extension, though vacant possession can be provided with a six-month notice period. We anticipate a potential market rent of approximately £1,250 per calendar month, representing an estimated gross rental yield of 10%.

Location:
The property is located off the A4119 with easy access to the A4232. Mermaid Quay, the Wales Millennium Centre, and Cardiff Bay train station are all within short walking distance.

Key Property Information:

- EPC Rating: C (Expires October 2029)
- Council Tax Band: D
- Leasehold: 128 years remaining (150 years from October 2004)
- Ground Rent: £309.01 (2026 period)
- Service Charge: £1,893.75 (2026 period, includes buildings insurance)
- EWS1 Certificate: Not required (property height is below the threshold)