Summary - 9 The Malthouse, Caroline Street CF10 1FP
1 bed 1 bath Apartment
Chain-free, tenant in situ and immediate monthly rental income with private balcony.
Chain-free sale with sitting tenant paying £995pcm
Immediate rental income — ideal for buy-to-let investors
Open-plan lounge/kitchen with integrated appliances
Private balcony and well-presented interior
Service charge c. £3,744pa (c. £312pcm)
Leasehold circa 200 years remaining; cash purchase only
Main heating: electric room heaters (higher running costs)
Local area: very high crime and very deprived
Located on Caroline Street, this modern one-bedroom flat occupies 474 sqft and offers immediate rental return with a sitting tenant paying £995pcm. The open-plan living area has integrated appliances and a private balcony, presented to a high standard and ready for continued occupation. Chain-free sale and circa 200 years remaining on the lease make the legal position straightforward for a buyer prepared to purchase with cash.
This unit suits a buy-to-let investor seeking central, hands-off income in walking distance of Cardiff Central Station, restaurants and retail amenities. Key running costs are transparent: service charge about £3,744pa (c. £312pcm) and electric room heaters as the main heating — useful to budget for higher energy costs. Broadband in the block is very slow, and mobile signal is excellent.
Be aware of several area and property considerations: the neighbourhood has very high crime statistics and high deprivation scores, which may affect tenant mix and capital growth. The tenure is leasehold, and the sale is listed as cash-buy only. There is no flood risk and the building dates from c.1996–2002 with double glazing fitted before 2002.
Overall this is a straightforward inner-city letting asset: well-presented, centrally located and income-producing now, but requiring due diligence on service charges, heating costs, local market dynamics and the cash-only requirement before purchase.
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