Turnkey rental income in a busy Cardiff neighbourhood.
Freehold block of three self-contained flats, all currently tenanted
A freehold block of three self-contained flats in CF24, offered as a fully tenanted, turn-key investment. Each flat is occupied and currently produces rental income with potential rents quoted at £850, £895 and £1,100 pcm, giving an indicative yield of about 6.75% at the asking price. The building dates from 1900–1929, with period brickwork, bay windows and recent double glazing installed post-2002.
The location is one of Cardiff’s busiest, within walking distance of the city centre, universities, shops and strong transport links — demand from students and new tech professionals is high. The block benefits from mains gas central heating (boiler and radiators) and an enclosed garden, which can help retention and lettability.
Buyers should note material issues honestly: broadband speeds are very slow, area deprivation and crime levels are above average, and the walls are solid brick with assumed no cavity insulation. EPCs vary across flats (C, E and D) and council tax bands are C, C and B. These factors may affect operating costs, management and future upgrade expenditure.
This property suits investors seeking immediate rental income and medium-term value from rental demand and possible fabric improvements. It requires a practical plan for energy upgrades, broadband provision and ongoing management to protect rental yields and tenant satisfaction.
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