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1 bedroom flat for sale
Pomeroy Street, Cardiff CF10
£210,000
Pomeroy Street, Cardiff CF10
£210,000
Our Summary
- Great Investment Opportunity
- Ideal for investment and potential income, apartment 16 currently receiving £800 per month and 16a currently receiving £625 per month £17,100 per annum
- In need of modernization
Description
This is a well-positioned property on a popular road within walking distance to Mermaid Quay, which boasts a variety of restaurants, bars, and entertainment options. The location also benefits from its proximity to Cardiff Bay railway station, offering convenient transport links to the city centre. The property has been converted into two one-bedroom apartments, each with its own separate entrance: apartment 1 on the ground floor and apartment 2 on the upper floor. Both apartments are equipped with gas central heating and are currently generating a combined rental income of £17,100 per annum, with apartment 16 currently leasing at £800 per month and apartment 16a at £625 per month. The property presents an excellent investment opportunity with potential for a steady income stream. Apartment 1 features a living area, a good-sized double bedroom, and a separate kitchen, while apartment 2 offers an open-plan living and kitchen space, a double bedroom, and an outside courtyard. The property would benefit from some modernization, particularly in the kitchen and bathroom areas, to enhance its appeal.