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Salisbury Road, Roath, Cardiff, CF24 4 bed house for sale
Salisbury Road, Roath, Cardiff, CF24
£315,000
Salisbury Road, Roath, Cardiff, CF24
£315,000
Our Summary
- Investment Opportunity: Freehold Property with Two Self-Contained Flats in Prime Student AreaProperty Overview: Situated in the heart of Cathays, Cardiff, this freehold property is strategically divided into two self-contained flats, each offering two double bedrooms
- Freehold Advantage: Owning the freehold provides greater control over the property and potential for future development or reconfiguration
- With its prime location, strong rental history, and potential for future appreciation, early viewing is highly recommended
- Freehold Investment Opportunity
Description
This freehold property in Cathays, Cardiff, is a lucrative investment opportunity, offering two self-contained flats that generate a combined annual rental income of £22,200, reflecting a robust yield of over 6.5% based on the asking price of £335,000. The ground floor flat is currently rented for £950 per month, while the first floor maisonette is let for £900 per month. Both flats are fully furnished and offer modern amenities, including spacious bedrooms, comfortable living rooms, and well-equipped kitchens. The property is situated in a prime student area, within walking distance to Cardiff University and the city center, making it an attractive option for both students and professionals. The freehold ownership provides greater control over the property and potential for future development or reconfiguration, making this a unique opportunity for investors seeking a ready-made rental income in a thriving rental market.