Summary - RICHMOND COURT FLAT 8 ST PETERS STREET CARDIFF CF24 3AZ
1 bed 1 bath Apartment
Small, low-maintenance city base ideal for student or investor rental income.
Tenant in situ — sold with sitting tenant
Compact studio: 313 sq ft, single open-plan room
Leasehold with very long lease: 998 years
Communal off-street parking at rear of building
Electric room heaters only — higher running costs possible
Very high local crime and very deprived area indicators
Excellent mobile signal and fast broadband speeds
This studio apartment sits moments from Cardiff city centre and is offered with the tenant in situ — a straightforward addition to an investor portfolio. The compact 313 sq ft layout is arranged as open-plan living with a separate bathroom and practical entrance hall, suited to single occupants or students.
The property benefits from a very long lease (998 years) and communal off-street parking at the rear. Broadband and mobile signals are strong, and local amenities, public transport and university facilities are close by, making the location attractive to renters seeking central, well-connected city living.
Buyers should note the apartment uses electric room heaters rather than a central gas system, which can increase running costs compared with gas-heated homes. The building dates from the late 1970s–early 1980s and, while externally unremarkable and maintained, internal modernisation may be desirable to maximise rental income.
The surrounding area is a cosmopolitan, multicultural student neighbourhood with very high recorded crime and high deprivation indicators; this will influence tenant profiles and may affect insurance and management considerations. For investors targeting the student market or short-term city lets, this is a small, easy-to-manage unit with immediate rental potential.
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