Round Wood, Cardiff CF23

Property Details: - Type: Terraced house - Bedrooms: 3 - Bathrooms: 2

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

FOR SALE BY PUBLIC AUCTION: The auction will take place online on 12th May 2026 at 04:36 PM with registration through our website.<br/><br/>Investment property comprising a two bedroom maisonette and a one bedroom apartment below. Current total income of £15,000pa (£1250pcm) representing an initial gross yield of 10% with potential for income improvement.<br/><br/><b>Description</b><br/>Investment property comprising a two bedroom maisonette and a one bedroom apartment below. Current total income of £15,000pa (£1250pcm) representing an initial gross yield of 10% with potential for income improvement.<br/><br/>The property itself appears to be in good order and briefly comprises a ground floor one bedroom apartment with living/kitchen/dining room, shower room and a double bedroom. This apartment is self-contained has its own entrance and yard to the rear of the property. This apartment is let for £650pcm.<br/><br/>Upstairs is a large two bedroom maisonette accessed via stairs from a dedicated entrance to the front of the building leading to a sitting room and kitchen on the first floor and two bedrooms and a family bathroom on the second floor. Outside there is a private front garden. This apartment has a long-standing tenant paying £600pcm and there may be an opportunity for rental betterment on this apartment in our opinion.<br/><br/>Both apartments benefit from central heating (not tested) and uPVC windows and doors throughout.<br/><br/>Accommodation<br/>GF - Apartment - £650pcm - Living/kitchen/dining, shower room, store, double bedroom. Yard.<br/>FF - Duplex - £600pcm - sitting room, kitchen, stairs to private front garden<br/>SF - Two bedrooms, bathroom.<br/><br/>Total income of £1250pcm (£15,000pa), please though consult the legal pack for confirmation of all incomes and tenancies.<br/><br/>Informed Freehold please refer to legal pack for verification of tenure<br/><br/>Additional Fees<br/>Buyer’s Premium – 1.2% with a minimum of 1,200.00 (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