2-bedroom flat · CF11 0AB
Sold STCListed 260 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Thompson Young are delighted to be marketing this very spacious and modern two double bedroom apartment with a large private terrace over looking the River Taff.
The property is incredibly spacious - offering over 870 square feet of space, making it one of the largest in the development.
It has a beautiful living and dining room with two sets of french doors leading to an excellent sized balcony over looking the River Taff.
There is a separate kitchen with fitted appliances and two double bedrooms both with built in storage cupboards. There is also a modern shower room with large walk-in shower and glass screen.
The property also boasts it's own private entrance and comes with two allocated parking spaces.
Conveniently located near to Cardiff Bay, Grangetown Retail Park and Penarth and the A4232, it is in a great spot to be in for commuters and for getting around Cardiff easily.
There is also a long lease of approximately 972 years left and low monthly service charges. This would be a fantastic purchase for downsizers or first time buyers looking to be in a prime location.
Council Tax Band: Band E Tenure: Leasehold (972 years) Ground Rent: £184 per year Service Charge: £1,370 per year We have been advised by the current owner that the ground rent is just under £184 per annum, paid over 2 equal installments (of just under £92).
The current service charge is £1370 per annum. Lease was 999 years starting 1st June 1999 so approximately 972 years remaining.
Entrance The property is located on the quiet Grangemoor Court in Cardiff Bay, close to the A4232 link road and with easy access in and out of Cardiff City Centre.
Located near to Mermaid Quay and Penarth Town Centre. This larger than average two double apartment has it's own private entrance and external storage.
There is an external porch with front door opening through to the hallway.
Hallway The front door opens through to a spacious hallway with access to separate kitchen, living room, bedrooms one and two plus shower room.
There is a large double wardrobe space from the hallway. Kitchen 3.4m x 2.3m A good size and separate kitchen accessed from the hallway with window to the side.
A range of wall and base kitchen units with fitted kitchen appliances including fridge freezer, sink and drainer, oven and hob plus microwave and plumbing for washing machine. and dishwasher.
Lounge / Dining Room 8.0m x 5.3m An incredible large open plan living room and dining room with views out to the water front.
There are two sets of glazed French doors that open out onto a very large raised terrace overlooking the water plus two further windows with dual aspect views.
There are two fitted storage cupboards to the living room.
Balcony 4.6m x 2.2m A large raised terrace with beautiful water river views accessed from two sets of French doors from the living room.
Bedroom 1 3.2m x 2.8m Main double bedroom with window to the rear. There is a large fitted storage cupboard from the bedroom.
Bedroom 2 3.2m x 3.0m Second double bedroom with window to the rear. Fitted storage cupboard.
Bathroom 2.1m x 1.9m Fully tiled modern shower room with large walk-in shower with glazed shower screen and mains shower, WC and wash hand basin.
Parking Private allocated parking with two parking spaces belonging to the apartment. There is further visitor parking available.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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