Property Details: - Type: End of terrace house - Bedrooms: 3 - Bathrooms: 1
Agent: RightAgent - Cardiff Phone: 029 2262 2757
<p>RightAgent is pleased to offer this substantial three-bedroom end-of-terrace property situated on Wyndham Crescent in the heart of Canton, Cardiff.</p><p><br/></p><p>Extending to approximately 121 sq m (1,302 sq ft), the property provides generous accommodation including a spacious reception room, open-plan kitchen/dining area, three well-proportioned bedrooms and a family bathroom. Externally there is a good-sized rear garden together with off-street parking.</p><p><br/></p><p>The property is currently let with the tenants remaining in situ and produces a rental income of £1,250 pcm (£15,000 per annum), representing a gross yield of approximately 5.26% based on the £285,000 guide price.</p><p><br/></p><p>The property would benefit from a programme of remedial updating and cosmetic improvement. Subject to those works and prevailing market conditions, we estimate that a rental income in the region of £1,500 pcm (£18,000 per annum) may be achievable, equivalent to an indicative gross yield of approximately 6.32% at the guide price.</p><p><br/></p><p>This creates an attractive opportunity for investors seeking an income-producing property with scope to enhance both rental income and capital value. The property's size, location and accommodation may also provide longer-term appeal to owner-occupiers, subject to the existing tenancy and applicable possession requirements.</p><p><br/></p><p>Wyndham Crescent is conveniently positioned for Canton, Pontcanna and Cardiff city centre, with a wide range of shops, cafés, restaurants, parks and transport links nearby.</p><p><br/></p><p>Guide Price: £285,000</p><p><br/></p><p>Method of Sale: Conditional Auction. The guide price is intended to generate interest and competitive bidding. The reserve price represents the minimum figure at which the seller is prepared to sell. Further auction terms and buyer information are available on request.</p>