This three-storey, semi-detached property presents a compelling investment opportunity, consisting of five distinct apartments situated in a desirable location near Thompson Park. Currently generating an annual income of approximately £41,400, the property offers an attractive initial gross yield of around 12%. Each apartment is generally well maintained; however, certain areas could benefit from modernisation to enhance tenant appeal and rental value.
The layout includes three one-bedroom flats and two studio units, accessed via a shared communal hall. Notably, one studio has its own entrance with direct access to a private yard—ideal for creating additional outdoor space or amenities. Furthermore, the property's brick/stone structure features uPVC windows and doors along with efficient central heating systems powered by combination boilers in each unit (condition not tested).
Externally, there are enclosed front and side yards alongside a rear area currently rented out for parking at £60 per month.
With nearby shops, restaurants, and parks in the vibrant areas of Pontcanna and Canton easily accessible, this property not only serves as a solid income-generating asset but also holds significant potential for enhanced revenue through strategic renovations.
