Summary - Flat 3, 54 Pen-Y-Lan Road CF24 3PF
5 bed 5 bath Block of Apartments
**Standout Features:**
- Block of five self-contained apartments
- Prime location near Wellfield Road
- High rental yield of 9.39%
- Freehold tenure, offering long-term ownership
- Average-sized units with potential for renovation
- Strong demand in a cosmopolitan student neighborhood
**Potential Downsides:**
- Average broadband speeds
- Solid brick walls with assumed lack of insulation
- Moderate council tax, which may affect net income
- Possible requires upgrades or modernizing to maximize rental potential
Summary Description:
Discover an exceptional investment opportunity with this well-maintained block of five self-contained apartments, nestled in the vibrant area adjacent to Wellfield Road. This property generates an impressive annual rental income of £42,300, translating to a solid 9.39% yield, making it a remarkable asset for investors looking to capitalize on the strong rental market in Cardiff. The family-friendly layout features five one-bedroom units filled with character—ideal for capitalizing on local demand in a predominantly student and migrant neighborhood.
Each apartment showcases modern living spaces with cozy rooms enhanced by period features, providing a comfortable retreat for tenants. With excellent transport links and a plethora of amenities nearby, including grocery stores, dining, and leisure options, residents can enjoy a convenient urban lifestyle. While the solid brick construction may require insulation upgrades and some modernizing to enhance efficiency, these renovations present a compelling opportunity to increase rental income significantly. Don’t miss the chance to own a piece of prime real estate with abundant future potential!
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