Summary - THE GRANARY FLAT 42 MAGRETIAN PLACE CARDIFF CF10 4BR
2 bed 1 bath Flat
Long lease with balcony and parking, strong rental demand nearby.
Two double bedrooms with open-plan lounge/kitchen and private balcony
Long lease (approx. 973 years) — low leasehold risk
Off-street parking included
Electric underfloor heating; double glazing post-2002
Chain-free; marketed for cash buyers only
Area classified very deprived with very high crime levels
Ground rent approximately £300 per year
Services and appliances untested; council tax unknown
Set on the fourth floor of The Granary in Cardiff Bay, this two-bedroom flat offers straightforward city-centre rental potential. The long lease (approx. 973 years) and off-street parking are practical ownership advantages for investors seeking low immediate holding risk. The open-plan living area leads onto a balcony overlooking Lloyd George Avenue, providing a marketable outdoor amenity.
The apartment is electrically heated with underfloor heating and benefits from double glazing installed after 2002. The layout includes two double bedrooms and a single bathroom within a compact 657 sq ft footprint, making it suitable for couples, sharers, or a short-term let. The property is chain-free and being marketed for cash purchasers.
Buyers should note material considerations: the development sits in an area classified as very deprived with very high local crime statistics, which will affect lettings and resale values. Ground rent is approximately £300 per year; council tax and many services/appliances have not been tested. The flat will suit investors able to complete with cash and who plan to manage security and tenancy risk actively.
Overall, this is a pragmatic investment opportunity in a desirable Cardiff Bay location, offering ready-to-let features and long lease security, balanced against local socio-economic and safety challenges that require considered pricing and management.
2 bedroom apartment for sale in Ffordd James Mcghan, Cardiff Bay, CF11 — £170,000 • 2 bed • 2 bath • 667 ft²
2 bedroom flat for sale in Reresby Court, Heol Glan Rheidol, Cardiff, CF10 — £135,000 • 2 bed • 2 bath • 790 ft²
2 bedroom flat for sale in Galleon Way, CARDIFF, South Glamorgan, CF10 — £170,000 • 2 bed • 2 bath • 743 ft²
2 bedroom flat for sale in Mount Stuart Square, Cardiff Bay, Cardiff, CF10 — £175,000 • 2 bed • 2 bath • 754 ft²
2 bedroom apartment for sale in Seager Drive, Cardiff Bay, CF11 — £145,000 • 2 bed • 1 bath • 608 ft²
2 bedroom flat for sale in Vega House, Falcon Drive, Cardiff, CF10 — £220,000 • 2 bed • 2 bath • 671 ft²
