1-bedroom flat · CF10 1FQ
For saleListed 57 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*MODERN ONE BEDROOM APARTMENT IN THE CITY CENTRE* NO CHAIN* MGY are delighted to bring to market this immaculately presented, one bedroom apartment situated in the heart of the City Centre, on Caroline Street.
The accommodation briefly comprises entrance hallway, open plan lounge/diner, kitchen, one bedroom and bathroom.
The property further benefits from having a private balcony, is chain free and has electric heating, double glazing throughout and a video entry intercom system.
*Viewing highly recommended* EPC Rating: C LOCATION Dray Court development is situated in a prime location, in the heart of the City Centre, with numerous bars and restaurants on its doorstep.
Ample shops, including St Davids and St Davids 2 shopping centres, which are a stone's throw away.
Cardiff central train station and public transport is within close proximity, linking to surrounding areas of Cardiff. A fantastic location to enjoy the vibrant city.
ENTRANCE HALL Entered via front door leading from communal hallway. Laminate flooring. Wall mounted video entry intercom system. Pendant light fitting.
Doors to lounge/diner, bathroom and two storage cupboards, one housing hot water tank. LOUNGE/DINER Dimensions: 23' 5" x 11' 2" (7.14m x 3.42m). Continuation of laminate flooring. Spotlights.
Wall mounted electric heaters. TV and telephone point. Power points. Two double glazed uPVC windows providing exceptional views over the City Centre. Opening to kitchen. Doors to bedroom.
KITCHEN Dimensions: 9' 1" x 7' 1" (2.78m x 2.17m).
Modern fitted kitchen with a range of wall, base and drawer units with worktops over incorporating stainless steel 1.5 sink and drainer with mixer tap over and four ring electric hob with oven beneath and extractor over.
Tiled splashback. Integrated appliances such as dishwasher, fridge/freezer and washing machine. Power points. Pendant light fitting. BEDROOM Dimensions: 10' 3" x 9' 8" (3.14m x 2.96m).
Laminate flooring. Double glazed uPVC door leading to balcony. Power points. Wall mounted electric heaters. Spotlights. Built in double wardrobe with sliding doors.
BATHROOM Dimensions: 9' 10" x 7' 5" (3.01m x 2.27m). Tiled flooring and partially tiled walls. Walk in shower cubicle with mains powered shower over.
Vanity wash hand basin with mixer tap over and storage beneath. WC. Wall mounted mirror. Panelled bath with hot and cold tap over. Extractor. Pendant light fitting. Chrome heated towel rail.
Accessed from both the bedroom and hallway. BALCONY Large balcony with new composite decking and glass surround. External lighting. Accessed from the living room and bedroom.
TENURE MGY have been advised that the property is leasehold with a term of 198 years from 2003.
Service charges of £3,747.76 per annum, which includes water rates, building insurance, security video entry intercom system, lift maintenance, maintenance of internal and external communal areas, regular cleaning and refuse disposal.
Ground rent £100 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
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 Dray Court Caroline Street, Cardiff
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