Summary - 62 Beatrix, Victoria Wharf, Watkiss Way CF11 0SE
2 bed 2 bath Apartment
Ready-made income in Cardiff Bay with secure parking and concierge.
North-westerly private balcony for afternoon sun and outdoor space
Open-plan living with floor-to-ceiling windows and modern kitchen
Master bedroom with built-in storage and en-suite shower room
Allocated gated parking plus visitor bays and 24-hour concierge
Currently tenanted at £995pcm; scope to increase rent
Leasehold: 104 years remaining — ground rent £100 pa
High annual service charge £3,916 may affect net yield
Electric room heaters; running costs likely higher than gas heating
A well-presented two-bedroom first-floor apartment in Victoria Wharf, offering immediate rental income and strong lettability in Cardiff Bay. The open-plan living/dining room benefits from floor-to-ceiling windows and a private north-westerly balcony that captures afternoon sun. The modern kitchen includes integrated appliances and a distinctive circular window; the master bedroom has built-in storage and an en-suite shower.
This property is currently tenanted at £995 pcm on a rolling periodic contract, presenting an investor with immediate cashflow and scope to increase rent in line with local market levels. The development provides secure allocated parking, visitor bays, 24-hour concierge and key-fob entry — amenities that support rental demand and tenant retention.
Practical considerations: the apartment is leasehold with 104 years remaining, a relatively high annual service charge (£3,916) and a small ground rent (£100). Heating is by electric room heaters, which can mean higher running costs compared with gas-central heating. Council tax lies above the local average and the wider area records high deprivation despite being a popular bay location.
Overall, this apartment suits investors seeking an easy-to-manage city-bay rental or buyers wanting a low-maintenance pied-à-terre with strong transport and leisure links. The financials (service charge, ground rent, electric heating and council tax) and leasehold nature should be factored into affordability and yield calculations.
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