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3-bedroom Victorian terraced property in Canton
Cardiff, CF5 - Get Access
4 bed
2 bath
Description
An excellent opportunity to acquire a substantial bay-fronted period property currently configured to provide two self-contained residential flats, offering an attractive investment opportunity in this highly regarded area of Cardiff. The property is presently arranged as a ground floor one-bedroom flat together with a first floor two-bedroom flat. The ground floor flat briefly comprises an entrance/living area, lounge, kitchen, double bedroom, and bathroom. The first floor flat provides a spacious lounge, kitchen/dining room, two bedrooms, and bathroom. The accommodation benefits from a particularly good level of natural light and retains a number of period features, including decorative coving, fireplaces, and traditional-style doors. Both flats are currently let at £725 per calendar month each, producing a combined rental income of £1,450 per month / £17,400 per annum, representing an approximate gross yield of 6.9% at the advertised Guide Price. The ground floor flat will be vacant by the auction date, providing the purchaser with the opportunity to occupy, re-let, or otherwise utilise the accommodation, subject to any necessary consents. Romilly Road is situated within the popular Canton district of Cardiff, an established residential area located to the west of Cardiff city centre. The surrounding area is characterised by attractive period properties, local shops, cafés, restaurants, and other everyday amenities, with nearby Pontcanna providing an additional range of independent food and drink establishments. Canton provides good access towards Cardiff city centre and the wider Cardiff network.