Affordable one-bedroom with long lease and immediate rental income potential.
One bedroom first-floor flat, open-plan living/dining
Compact size — 388 sq ft (small overall area)
Share of freehold with 999-year lease, no ground rent
Tenant in situ paying £675 pcm (approx. 8.5% yield)
Garden available; mid-20th-century building character
Area has high crime and very high deprivation
Building/roof shows signs of maintenance needs
Fast broadband and excellent mobile signal; good transport links
A compact one-bedroom first-floor flat offered with a long 999-year share of freehold, positioned in Ely, Cardiff. The open-plan living/dining layout and large windows make the most of the 388 sq ft, creating a bright, functional home for a single occupant or couple. A tenant is currently in situ, producing £675 pcm (approx. 8.5% yield), which will suit buy-to-let investors seeking immediate income.
Practical strengths include fast broadband, excellent mobile signal, and easy access to local shops, schools and transport links into the city. There is a garden and off-street parking nearby, and the property sits in a solid mid-20th-century building; there are no flood risks and the long lease offers secure tenure.
Notable drawbacks are the small overall size and an area profile showing high crime and very high local deprivation; buyers should weigh these factors for resale or rental prospects. The building and roof appear to need general maintenance, and the flat is sold with a sitting tenant, so immediate vacant possession may not be available. Prospective purchasers should verify tenancy details, service charges and the share-of-freehold arrangements with their legal adviser.
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