2-bedroom flat · CF10 4ET
For saleListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**NO CHAIN* *SUPERB WATERFRONT APARTMENT** MGY are pleased to present for sale an impressive two bedroom, second floor apartment, in the popular Schooner Wharf development.
Walking distance to Cardiff Bay and the City Centre.
The modern accommodation comprises of large entrance hall, spacious open plan lounge/kitchen/diner, two double bedrooms, one with en-suite and main bathroom.
The contemporary property further benefits from an exceptionally large decked balcony, with fantastic water views and a sprinkler system. Internal and external bike storage. Street parking.
EWS1 form in place. Viewing highly recommended.
EPC Rating: B DESCRIPTION **NO CHAIN* *SUPERB WATERFRONT APARTMENT** MGY are pleased to present for sale an impressive two bedroom, second floor apartment, in the popular Schooner Wharf development.
Walking distance to Cardiff Bay and the City Centre.
The modern accommodation comprises of large entrance hall, spacious open plan lounge/kitchen/diner, two double bedrooms, one with en-suite and main bathroom.
The contemporary property further benefits from an exceptionally large decked balcony, with fantastic water views and a sprinkler system. Internal and external bike storage. Street parking.
EWS1 form in place. Viewing highly recommended. ENTRANCE HALL Entered via wooden door, with security spy hole. Wall mounted video entry intercom system. Camaro flooring.
Two storage cupboards, one housing hot water tank. Wall mounted electric panel heater. LOUNGE/KITCHEN/DINER Dimensions: 23' 8" x 10' 5" (7.22m x 3.19m).
Two uPVC double glazed floor to ceiling windows to side. Balcony door, leading to large decked balcony with impressive water views. Camaro flooring. Halvanto Kitchen.
Modern fitted wall and base units, with work surfaces incorporating stainless steel sink, with dual tap. Work surfaces incorporating stainless steel sink.
Integrated Zanussi oven, four ring electric Zanussi hob, with stainless steel extractor hood over. Splash back. Integrated fridge freezer and plumbing for washer dryer. Spotlights.
Wall mounted electric panel heater. Extractor fan. TV Aerial point. Telephone point. Open plan living. MASTER BEDROOM Dimensions: 12' 2" x 9' 10" (3.71m x 3.02m).
Large double glazed aluminium windows to front, with direct water views. Spacious double bedroom. Camaro flooring. TV Aerial point. Wall mounted electric panel heater.
Door to; EN-SUITE Camaro flooring. Part tiled walls. Glass surround shower cubicle, with shower over. Pedestal wash hand basin, with wall mounted mirror over. W.C. Shaver point.
Chrome fittings. Heated towel rail. BEDROOM TWO Dimensions: 12' 2" x 8' 3" (3.71m x 2.52m). Large double glazed aluminium windows to front, with direct water views. Double bedroom.
Camaro flooring. TV Aerial point. Wall mounted electric panel heater. BATHROOM Camaro flooring. Part tiled walls. Panelled bath, with shower over and folding glass shower screen.
Pedestal wash hand basin, with wall mounted vanity mirror over. W.C. Chrome fittings. Shaver point. Heated towel rail. BALCONY Large decked balcony with stunning water views and glass surround.
Ample sun. Accessed from the living room. PARKING Street parking. TENURE MGY are advised that the property is leasehold, with a lease of 250 years from 2017.
Low service charges of £1,050.00 per annum, which includes lift maintenance, video entry intercom system, secure fob access, maintenance of internal and external communal areas, regular cleaning, refuse disposal, internal and external bike storage.
Ground rent £210.00 per annum. Building insurance approx. £530.00 per annum. NHBC Warranty cover in place.
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
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.
Area
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FAQ
About Schooner Wharf, Schooner Drive, Cardiff
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