Summary - 33 KILCREDAUN HOUSE, FERRY COURT, GRANGETOWN CF11 0JG
2 bed 2 bath Apartment
Purpose-built buy-to-let with balcony views and on-site leisure for rental-ready investment.
Currently let at £1,100 pcm (immediate income)
Approximate gross yield ~7.3% at £180,000 asking price
Full-length balcony with bay/waterfront views
Allocated off-street parking and concierge service
On-site leisure suite (pool and gym) in adjacent block
Leasehold — about 108 years remaining
High service charge ~£2,880 per year; ground rent £150 pa
Electric panel/room heating may increase running costs
A purpose-built two-bedroom apartment in Ferry Court marketed to investors for immediate rental income. The apartment occupies the third floor with lift access and a full-length balcony that captures clear bay and waterfront views — a strong appeal for tenants seeking waterside living close to Cardiff Bay and city links. It is currently let at £1,100 pcm, giving an approximate gross yield of 7.3% at the asking price.
The layout includes an open-plan living/dining/kitchen, master bedroom with en-suite and fitted wardrobes, a second bedroom, and a family bathroom. Built in 2003, the block offers secure entry, allocated off-street parking, concierge service, and access to an on-site leisure suite (pool and gym) in the adjacent block — features that support higher tenant demand and retention.
Material costs and tenure details for investors: the flat is leasehold with around 108 years remaining, a substantial service charge (circa £2,880 pa) covering buildings insurance and water rates, and a ground rent of £150 pa. Heating is electric via wall-mounted panel heaters/room heaters, which can be more expensive than gas alternatives and may affect running costs for tenants.
Considerations: the property sits in a very deprived local area classification, which can influence long-term capital growth and tenant profile. Council tax is above average. Overall, this is a turnkey buy-to-let with immediate rental income, strong waterfront appeal and on-site amenities, but investors should factor in service charges, electric heating costs and the wider area's socio-economic profile.
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