Summary - 65, Habershon Street CF24 2DW
4 bed 4 bath Block of Apartments
High-yield city-centre asset for income-focused buyers.
Freehold block of four one-bedroom flats, fully let
Annual income £41,400; near 9% gross return on £475,000
Flat 1 has private courtyard; Flat 3 has rooftop terrace
Mains gas boiler and radiators; double glazing present
Constructed before 1900; granite walls assumed without insulation
Area classified as very deprived; average local crime levels
Sale subject to receiver approval; purchase conditional on approval
Council tax banding unknown; budget for potential retrofit
This freehold block offers four well-presented one-bedroom flats in Splott, close to Cardiff city centre. The development is fully let, producing an annual income of £41,400 — a near 9% gross return on the £475,000 asking price — making it a clear income-led opportunity for investors.
Each flat is modern and bright: Flat 1 (£850 pcm) includes a private courtyard garden; Flat 3 (£900 pcm) has a spacious rooftop terrace off the kitchen/lounge; Flats 2 (£875 pcm) and 4 (£825 pcm) are well appointed. The building benefits from mains gas central heating, double glazing, and good mobile and broadband connectivity.
Buyers should note material considerations: the property sits in an area flagged as very deprived with average local crime levels, and the building fabric is recorded as constructed before 1900 with granite walls that are assumed to lack insulation. Ongoing maintenance, potential retrofitting for insulation, and local market conditions are practical factors to budget for.
This sale is being handled by a receiver and any purchase will be subject to their approval. Tenants are in place and the property is offered with full freehold title, so it is most suitable for purchasers seeking immediate rental income and long-term asset growth rather than an owner-occupier refurb project.
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