Summary - Flat 1, 7-8 High Street SA43 1HJ
3 bed 1 bath Flat
Chain-free buy with private garden and strong rental yield.
Chain-free; tenants in situ paying £750pcm
A town-centre, chain-free three-bedroom flat offered with tenants in situ and a proven rental income. The property is arranged over two floors, providing three double bedrooms, an open-plan kitchen/living area and a family bathroom, plus a private garden — an uncommon asset for a town flat. Current rent is £750pcm, giving a gross yield of just over 9% at the asking price.
Practical points for investors: the flat is leasehold with 128 years remaining and is let on a current tenancy. Heating is by electric room heaters and the building’s original granite walls are assumed uninsulated, so energy costs and potential upgrade works should be factored into refurbishment budgets. Glazing details are not defined and some modernisation may be needed to maximise rental value.
Location benefits from immediate access to Cardigan’s High Street amenities, coastal attractions and public transport; broadband and mobile signals are average. There is no flood risk noted. Be aware the wider area records higher crime and very high deprivation indices, which affects tenant demand and long-term capital growth expectations.
This property suits buy-to-let investors seeking immediate income and upside through targeted improvements. It offers clear rental return now and scope to increase value with insulating works, heating upgrades and cosmetic refurbishment, but requires realistic allowances for maintenance and running costs.
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