Summary - 40 O'LEARY DRIVE CARDIFF CF11 7EB
2 bed 2 bath Flat
Long lease, tenant in place and practical amenities for steady rental income..
- Tenant in situ; offered to investors only
- 6.18% gross yield based on asking price
- Long lease: 975 years remaining
- Service charge approx £1,175 per year
- Ground rent £100 per year
- Built post-2007 with double glazing and gas central heating
- Off-street communal parking provided
- Area has very high crime and high deprivation levels
A purpose-built two-bedroom apartment offered to investors with a tenant in situ and an assessed 6.18% gross yield. The flat sits on the second floor of a modern block (constructed post-2007) and is presented in good order with double glazing, mains gas heating and a long lease of 975 years.
The property benefits from off-street communal parking, fast broadband and excellent mobile signal, plus convenient road links to Cardiff city centre, Cardiff Bay retail park and the A4232/M4. Service charge and ground rent are modest for the development at approximately £1,175 and £100 per year respectively.
Important considerations for buyers: the sale is marketed to investors only and the current tenancy remains in place, so immediate vacant possession is not available. The surrounding area scores high for local deprivation and recorded crime levels are very high; these factors should be weighed against rental returns and demand from local tenants.
Overall this is a straightforward buy-to-let with long lease security, practical communal amenities and clear yield metrics, suitable for investors seeking an out-of-the-box rental income stream in Cardiff.
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