Newport Road, Cardiff CF24

Property Details: - Type: Terraced house - Bedrooms: 5 - Bathrooms: 5

Agent: Seel & Co Auctions - Cardiff Phone: 029 2227 5081

FOR SALE BY PUBLIC AUCTION: The auction will take place online on 7th July 2026 at 04:21 PM with registration through our website.<br/><br/>Investment of a three storey semi-detached house comprising 5 x one bed apartments located in a popular area with great transport links, almost fully let for £39,120, representing a gross initial yield of 9.9%. <br/><br/><b>Description</b><br/>Almost fully let building with an annual income of £39,120, this is an excellent turn key investment opportunity situated in a prime location. The current rents create a yield (GIY) of 9.9%.<br/><br/>The building is made up of five self contained one bedroom flats access via the communal hallway. Each flat comprises of an open-plan kitchen/ living area, shower room and one double bedroom, all apartments are in a good condition throughout. <br/><br/>The property is located in a highly sought after rental location, Newport Road, which is within close distance to the city centre and provides excellent transport links. <br/><br/>To confirm details of the tenancies & for further details please refer to the legal pack when available. <br/><br/>Accommodation<br/>GF - Two one bedroom flats comprising of kitchen/ living area, bedroom and shower room. <br/>FF - Studio flat comprising of kitchen/ living/ sleeping area<br/>Upper FF - One bedroom flat comprising of living room, kitchen, shower room, bedroom. <br/>SF - One bedroom flat comprising of living room, kitchen, shower room, bedroom. <br/><br/>Informed Freehold please refer to legal pack for verification of tenure<br/><br/>Tenancies<br/>All flats are let for an annual income of £39,120, the breakdown of rents as below - <br/>Flat 1 - £725 PCM<br/>Flat 2 - £795 PCM<br/>Flat 3 - £790 PCM<br/>Flat 4 - £950 PCM <br/>Flat 5 - Currently vacant, advertised to let for £790 PCM<br/>To confirm details of the tenancies, please refer to the legal pack. <br/><br/>Additional Fees<br/>Buyer’s Premium – 1.5% with a minimum of 1,500.00 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.<br/><br/>Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.<br/><br/>Further Information<br/>Auctioneers Office, Seel Auctions[use Contact Agent Button]<br/><br/>Viewing<br/>Viewing by appointment with Seel Auctions