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Block of flats
East Road, Ferndale CF43
£450,000
East Road, Ferndale CF43
£450,000
Our Summary
- 00 with scope for increase
- The property is currently held under 1 freehold title, although there may be scope for the buyer to transfer each flat onto distinct leasehold titles and sell them separately (this can be discussed with your
Description
This unique investment opportunity presents a fully-let block of 7 residential flats in a popular location on the main street in Tylorstown. The flats, contained within a period building, are each let on standard 12-month occupation contracts, producing a total annual income of £42,000. The current tenants have been in occupation for a significant time, and there are no arrears. The property is held under one freehold title, with scope for the buyer to transfer each flat onto distinct leasehold titles and sell them separately. The asking price of £450,000 reflects a gross yield of 9.3%, making it an excellent return on investment. The property is situated close to local shops, cafes, and pubs, with easy access to Ystrad Rhondda train station and nearby towns such as Pontypridd and Aberdare.