2-bedroom flat · CF64 3RE
Listing removedListed 201 days
Opportunity summary
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About
A two bedroom second (top) floor apartment situated in the ever popular Caversham Park development.
Found a short walk from Cosmeston Lakes and conveniently located to Penarth Town Centre, Cardiff City Centre and the M4 Motorway.
Accommodation briefly comprises; entrance hall, living/dining room, kitchen, two double bedrooms and a bathroom.
Externally the property benefits from access to wraparound communal gardens and one allocated parking space with additional visitor parking available. Being sold with no onward chain.
Accommodation - A secure communal entrance accessed via a code or a key with stairs to each floor. Apartment 32 is located on the second (top) floor.
Entered via a solid wood door into a hallway benefitting from laminate wood flooring, recessed ceiling spotlights, a wall-mounted intercom system, a hatch providing access to loft space and two recessed storage cupboards; one of which housing the hot water cylinder.
The living/dining room benefits from continuation of laminate flooring and a uPVC double-glazed box bay window to the rear elevation enjoying elevated woodland views.
The kitchen has been fitted with a range of wall and base units with laminate work surfaces.
Integral appliances to remain include; a ‘Zanussi’ electric oven, a ‘Zanussi’ 4-ring electric hob with an extractor fan over and a ‘Beko’ washing machine.
Space has been provided for freestanding white goods.
The kitchen further benefits from laminate flooring, partially tiled splash-back, a stainless steel sink with a mixer tap over and a uPVC double-glazed window to the front elevation.
Bedroom one is a spacious double bedroom benefitting from laminate flooring, a recessed wardrobe and a uPVC double-glazed window to the rear elevation.
Bedroom two is another double bedroom enjoying laminate flooring and a uPVC double-glazed window to the rear elevation.
The bathroom has been fitted with a 3-piece white suite comprising; a panelled bath with an electric shower over and a handheld shower attachment, a pedestal wash hand basin and a WC.
The bathroom further benefits from vinyl flooring, partially tiled walls, recessed ceiling spotlights, an extractor fan and an obscure uPVC double-glazed window to the front elevation.
Gardens And Grounds - 32 Heol Tre Forys benefits from access to wraparound communal gardens and one allocated parking space with additional visitor parking available.
Additional Information - Electric and water mains connected. Leasehold - 999 years from 2003 (approx. 976 years remaining). We have been reliably informed that the Service Charge is £1748pa.
We have been reliably informed that the Ground Rent is £250pa. Council tax band 'D'. EPC rating ‘C’.
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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About 32 Heol Tre Forys, Penarth, CF64 3RE
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