2-bedroom flat · CF11 0JQ
For saleListed 114 days
Opportunity summary
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About
**WATER VIEWS* TWO BALCONY APARTMENT* NO CHAIN** MGY are pleased to present for sale an immaculate two double bedroom, fifth floor apartment with expansive views of Cardiff and beyond in Breakwater House, Prospect Place.
Situated in the popular gated development of Prospect Place, the property benefits from secure allocated car parking, leisure facilities and 24 hour concierge well maintained green spaces and a walking path along the waterfront.
The modern accommodation comprises of entrance hall to open plan lounge/diner, kitchen, two double bedrooms, master with en-suite, and bathroom. No chain.
ENTRANCE HALL Entered via wooden door with security spy hole. Cupboard housing hot water cylinder. Tiled flooring. Doors leading to all rooms.
LIVING ROOM 5.29m x 4.82m Fantastic open plan living space. Double glazed uPVC sliding doors, leading to impressive balcony. Tiled flooring to living area.
KITCHEN 2.69m x 3.54m Kitchen, with modern fitted units and work surfaces incorporating stainless steel sink. Ample storage.
Integrated oven, four ring electric hob and stainless steel extractor hood over. Tiled splash back. Extractor fan. Space for fridge freezer and washing machine. Plinth heater. Spotlights.
BALCONY Exceptionally large paved balcony with water views of Cardiff Bay and beyond. Glass surround and external lighting. Accessed from the living room and kitchen.
MASTER BEDROOM 4.75m x 3.14m Spacious master bedroom with modern en-suite. Double glazed uPVC door, leading to large balcony. Large built in double wardrobe with sliding doors.
Carpeted flooring. Wall mounted electric panel heater. Door to; EN-SUITE 2.04m x 2.2m Modern en-suite. Tiled flooring. Part tiled walls. Double shower cubicle.
Wall mounted wash hand basin. W.C. Shaver point. Wall mounted mirrored vanity unit. Heated towel rail. Spotlights. BEDROOM TWO 3.55m x 3.51m Second double bedroom.
Double glazed uPVC door, leading to large terrace. Carpeted flooring. Wall mounted electric panel heater. BATHROOM 2.06m x 2.18m Modern bathroom with three piece white suite.
Panelled bath with shower over and glass shower screen. Tiled flooring. Part tiled walls. Shaver point. Heated towel rail. Wall mounted mirrored vanity unit.
BALCONY Exceptionally large balcony .Glass surround and external lighting. Accessed from the master bedroom.
FACILITES The gated development benefits from 24 hour concierge and leisure facilities, with fully equipped swimming pool, two gymnasiums, sauna and spa.
PARKING Secure gated access to an allocated undercroft parking space. Visitor parking. TENURE MGY are advised that the property is leasehold, with a term of 125 years from 2001.
Service charges of £3507.42 per annum, which includes water rates, building insurance, onsite concierge and leisure facilities, CCTV, lift maintenance, maintenance of internal and external communal areas, regular cleaning and refuse disposal, bike storage, an allocated undercroft parking space, visitor parking and parking management.
Ground rent £205 per annum.
AML Please note: A non-refundable administration fee of £30 including VAT is payable per buyer to carry out the required AML verification checks once an offer has been accepted.
The sale cannot proceed until these checks have been satisfactorily completed. This is on acceptance of offer only. Details can be found on our website.
Disclaimer Important Notice: These particulars are prepared for guidance only and do not form whole or any part of any offer or contract.
Whilst the particulars are given in good faith, they are not to be relied upon as being a statement or representation of fact.
They are made without responsibility on the part of MGY Ltd or Vendor/lessor and the prospective purchaser/lessee should satisfy themselves by inspection or otherwise as to their accuracy.
Neither MGY Ltd nor anyone in their employ, or the vendor/lessor, imply, make or give any representation/warranty whatsoever in relation to this property.
The services of our recommended mortgage brokers and solicitors may be beneficial.
While a referral fee may be received if they are chosen, there is no obligation to use their services, and an alternative mortgage provider/solicitor can be chosen.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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