7 bed block of flats for sale

Newport Road, Roath CF24

A fantastic investment opportunity to acquire this substantial period property, conveniently located on Newport Road, Roath, within easy reach of Cardiff City Centre, local amenities and excellent transport links. The property has been converted into five self-contained apartments, comprising two two-bedroom and three one-bedroom apartments, all well maintained and presented by the current vendors with modern fittings throughout.

A particularly attractive feature is the private car park to the rear, providing ample off-road parking. The property currently generates an impressive £59,700 per annum, offering an approximate 9.5% gross rental yield, making this an excellent addition to any investment portfolio.

The individual apartments and rental income comprise:

Flat 1 One bedroom £925 pcm EPC E 47 sq m

Flat 2 One bedroom £1,000 pcm EPC E 40 sq m

Flat 3 One bedroom £950 pcm EPC C 31 sq m

Flat 4 Two bedrooms £900 pcm EPC D 49 sq m

Flat 5 Two bedrooms £1,200 pcm EPC D 68 sq m

Total monthly income: £4,975

Total annual income: £59,700

Approximate gross yield: 9.5%

An excellent opportunity for investors looking to secure a substantial, established rental investment with five income streams and an attractive overall return. With the added benefit of private parking and a sought-after rental location, this is a property that deserves serious consideration. Contact CPS Homes today to arrange your viewing and explore the potential of this impressive investment.

We are advised by the vendor that provisions of electricity, water and sewerage are connected to a mains supply, and no materials used in construction may impact a buyer's enjoyment, mortgage availability, or insurance availability, and there are no issues or restrictions on mobile signal/coverage.

Please note: A non-refundable administration fee of £24 including VAT is payable per buyer to carry out the required aml verification checks once an offer has been accepted. The sale cannot proceed until these checks have been satisfactorily completed. This is on acceptance of offer only. Details can be found on our website.