Summary - 23 CARLTON TERRACE SWANSEA SA1 6AB
5 bed 3 bath Block of Apartments
Immediate yield with refurbishment upside and sea views for upper flats.
Freehold block: 3 self-contained flats (2x2-bed, 1x1-bed)
Passing income £25,800 per year from existing tenancies
Upper flats enjoy sea views; ground-floor street access
Detached garage and enclosed rear garden with lane access
Double glazing fitted after 2002; mains gas boiler heating
Built 1930–49; cavity walls likely uninsulated — efficiency work needed
Located in very deprived area with very high local crime levels
Requires cosmetic refurbishment and landlord management improvements
This freehold block of three self-contained flats occupies a city-centre terrace with strong rental history and sea views from the upper apartments. Currently let for a combined £25,800 per year, the property offers immediate income with scope to increase value through targeted refurbishment and management.
The flats are traditional in layout (2 x 2-bed and 1 x 1-bed) and sit over three storeys in a 1930s mid-terrace building. Practical positives include double glazing installed after 2002, mains gas boiler heating, an enclosed rear garden, and a detached garage with lane access — features that appeal to tenants and landlords alike.
Material considerations are straightforward and should be factored into acquisition costs. The area is described as very deprived with very high crime levels, and the building’s cavity walls appear to lack insulation. Interiors are basic and the block will benefit from cosmetic and possibly energy-efficiency improvements to maximise rental value.
For a buyer seeking a city-centre income asset, this block presents clear potential: immediate cashflow, seafront appeal for upper units, and room to add value through refurbishment and improved tenant management. Investors should allow budget for upgrades and factor local area risks into yield and financing calculations.
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