Studio · CF64 1ER
Sold STCListed 262 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*FIRST TIME BUYERS / INVESTORS / DOWN SIZING* An immaculately presented and rarely available ground floor studio apartment in the Town Centre of Penarth.
The studio is at the rear of Plassey House and has its own garden space with a gated entrance. plus allocated parking space to rear of the development.
The property comprises of a large and bright studio with windows to the rear, looking onto a private garden.
There is an open plan style kitchen with a gas hob and plumbing for a washing machine with window looking out to the side of building.
There are integrated wardrobes with mirrored sliding doors and a spacious three piece suite bathroom with bath and overhead shower. Offered for sale with no onward chain.
Very low service charge - £20 PCM and £10 Ground Rent. Solar panels have recently been fitted to the development with low electricity bills. Viewings strictly by appointment only.
Council Tax Band: BAND B Tenure: Leasehold (97 years) Ground Rent: £10 per year Service Charge: £240 per year - Service Charge - £20 PCM - Ground Rent - £10 per annum - Original Lease 125 Years from 1997 Entrance Plassey House has a communal entrance and is entered via a garden path with steps leading to the communal entrance.
The communal door opens to ground floor hallway with access to the apartment to the rear of the building. The front door of the apartment opens through to the apartment hallway.
Hall 1.8m x 1.4m The hallway has space for storage and gives access to bathroom and door leads through to the studio and kitchen.
Studio (Living & Sleeping Space) 4.9m x 4.6m A large and modern finish with large UPVC windows to the rear, and a third smaller UPVC window letting in lots of light and looking onto private garden space.
Opening through to kitchen with window to the side. There is a built in wardrobe with mirrored sliding doors and storage space.
Kitchen 2.2m x 1.7m Modern kitchen which is open to the studio. Window to the side and integrated sink and drainer, twin gas hob and plumbing for appliances.
Bathroom 2.6m x 1.5m Three piece suite bathroom with bath and overhead shower, wash hand basin and WC. Tiled floor and obscure glazed window.
Garden A fully enclosed and private garden to the property. Lawn area and fence to side and rear.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About Plassey House, Plassey Street, Penarth
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