1-bedroom flat · CF11 0LB
Listing removedListed 44 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located upon the 7th floor within this water side building you will find this beautifully presented apartment.
Offering water views towards Penarth & the Bristol Channel from its glass fronted long terraced balcony. Benefiting from an allocated parking space plus numerous visitor spaces.
This popular complex of Prospect Place has gated entry with concierge, superb well tended communal grounds plus a fitness suite consisting of large heated swimming pool, Jacuzzi and steam rooms plus 2 gymnasiums.
Briefly comprising a communal entrance - lift to all floors, hall, generous lounge with dining space open to a modern kitchen - fully integrated, double bedroom - built in full width wardrobes and finally a bathroom completes the accommodation.
Complimented with double glazing and electric heating. Viewing highly recommended. EPC Rating - C A holding fee of one weeks' rent will be payable to secure the dwelling.
This will be deducted from the final balance payable upon moving into the dwelling, subject to a successful application.
Jeffrey Ross Limited reserves the right to retain this payment should the applicant have provided false or misleading information at the time of applying for the dwelling or failed to take reasonable steps to enter into the Standard Occupation Contract.
The development of Prospect Place has proven to be an incredibly popular place to live for young and old alike.
Its a safe environment with its gated entry and tranquil given the expansive central communal lawns and of course the amazing water views.
Communal Entrance Entry via intercom entry, lift and stairs to all apartments.
Hall Spacious hall leading to all rooms, entry phone, built in deep double cupboard - cloaks & housing the hot water tank, light.
Lounge Dining Kitchen (5.38m max x 5.13m max (17'8" max x 16'10" max)) Superbly spacious room with the lounge and dining areas open plan to the kitchen, sliding patio doors lead out onto the terraced balcony, TV point, telephone point, kitchen area fitted with a modern range of contemporary wall and base units with laminate worktop and inset sink & drainer with mixer tap and laminate upstand, integrated fridge, freezer, washer/drier plus built in oven, hob, cooker hood and built in microwave oven, porcelain tiled floor.
Bedroom (3.56m x 2.97m (11'8" x 9'9")) Spacious master double bedroom, TV point, telephone point, built in full width wardrobes - mirrored sliding doors, door leading out onto the terraced balcony.
Bathroom Stylishly appointed white suite by Roca comprising a panel bath - independent shower over with glass screen, wall mounted wash hand basin and close coupled wc - concealed cistern, tiled surround and tiled floor, heated chrome towel rail, extractor fan.
Grounds Set in well tended large grounds - central lawn with shrub borders, allocated parking space plus numerous visitor spaces.
Fitness suite within Lady Isle House (plus second gymnasium in Duncansby House) to include swimming pool with jacuzzi and steam rooms plus fully equipped gymnasium.
Information We believe the apartment is leasehold with a 125 year lease from 1st January 2006 therefore with 105 years remaining.
Ground rent of £225.00 per annum (payable in 2 installments) Service Charge to include Buildings Insurance, water rates plus full use of the facilities at Prospect Place - gated entry, 24 hour concierge, full size indoor swimming pool with saunas and Jacuzzi plus 2 gymnasiums and the landscaped central gardens.
Of £2368.96 per annum. Council Band D
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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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FAQ
About 88, Davaar House, Prospect Place, Cardiff
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