Summary - 31 FAIRHAVEN CLOSE ST MELLONS CARDIFF CF3 0LD
1 bed 1 bath Studio
Low-entry buy with strong rental demand near hospital and motorways.
Close to University Hospital of Wales and commuter routes
New carpet and double glazing; EPC rating C
Large enclosed communal garden and off-street parking
Electric room heaters — higher running costs possible
Service charge approx £1,020 per year; payable biannually
Ground rent £51 per year
Lease only 84 years remaining — needs urgent attention
Area classed very deprived; average crime statistics
This studio flat in St Mellons is a compact, low-maintenance buy with clear rental appeal. Positioned close to the University Hospital of Wales and commuter routes (M4/A48), it suits investors targeting steady demand from medical staff and commuting professionals. The apartment is presented with new carpeting, double glazing and an EPC rating of C, offering immediate let-ready potential with minimal initial spend.
Practical features include a fitted kitchenette, bathroom with a new over-bath electric shower, a fold-away bed to maximise space, and access to a large enclosed communal garden plus off-street parking. Electric room heaters keep installation simple, though running costs will depend on tenant usage. Service charge and ground rent are modest but should be factored into yield calculations.
Important lease and area considerations: the property has 84 years remaining on the lease, which is low for long-term mortgageability and resale — lease extension will be necessary and should be costed. The building is from the 1980s with standard ceiling heights and average communal appearance; some buyers may prefer to budget for cosmetic updates or periodic maintenance. The wider neighbourhood is classed as very deprived with average crime statistics; weigh local demand dynamics when modelling income and marketing strategy.
Overall this is a straightforward, compact investment with immediate rental prospects and commuter convenience. It is best for investors prepared to manage a short lease, factor in service charges and electricity heating costs, and who value a low-entry-price, easy-to-let asset near major employment and transport links.
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