Summary - ATLAS HOUSE 1 FALCON DRIVE CARDIFF CF10 4RA
1 bed 1 bath Apartment
One-bedroom Bay apartment with gated parking and immediate rental income..
Approx. 8.5% gross yield; currently let at £850pcm
A compact, first-floor one-bedroom apartment in Cardiff Bay offering a strong gross yield of approximately 8.5% (currently let at £850pcm). The flat sits in a gated block with allocated parking, lift access and a practical open-plan living/kitchen layout — straightforward to manage for a landlord. Built in the early 2000s, it benefits from UPVC double glazing and fitted bathroom facilities.
This property is attractive to investors seeking rental income in a high-demand, student‑and‑young-professional neighbourhood. The double bedroom has a built-in wardrobe and there is a large storage cupboard housing the hot water cylinder. The property is tenanted, providing immediate income, and the secure parking is a notable local premium.
Buyers should note the material costs of ownership: an annual service charge of around £3,000 (including water rates and buildings insurance) and ground rent of £138 per year. Heating is electric room heaters, which can be more expensive than gas alternatives and may affect running costs. The apartment is leasehold with about 105 years remaining — adequate for mortgages but important to monitor long-term.
Overall this is a practical, low‑maintenance investment with immediate rental return and strong location appeal close to Cardiff Bay amenities. The yield and parking make it stand out, but factor in service charges, electric heating and the local area profile when assessing net returns and tenant mix.
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