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£85,000
Bathrooms
Nestled in the vibrant area of Roath, this studio apartment on Claude Road presents an excellent investment opportunity. Spanning a compact yet efficient 291 square feet, the property boasts a neutral decor that allows for personalisation and a welcoming atmosphere.
The apartment is ideally situated, offering close proximity to the bustling Albany Road and Wellfield Road, where you will find a delightful array of shops, cafes, and local amenities. This prime location not only enhances the appeal of the property but also ensures convenience for daily living.
Great area for investment! Currently let at 650pcm.
Do not miss the chance to own a piece of Roath, where community spirit and urban living blend seamlessly.
Description - The apartment is ideally situated, offering close proximity to the bustling Albany Road and Wellfield Road, where you will find a delightful array of shops, cafes, and local amenities. This prime location not only enhances the appeal of the property but also ensures convenience for daily living.
Great area for investment! Currently let at 650pcm.
Kitchen/Lounge/Bed - 5.16m x 3.76m (1611' x 124') - Fitted with matching base and eye level units with worktop space over, single sink with mixer tap, tiled splashback, built-in cooker and oven, space for fridge/freezer/washing machine, breakfast bar, wood laminate flooring, radiator, window to rear, wall mounted gas combination boiler, multi-functional space for small table and chairs, bed or space saving sofa bed.
Bathroom - Fitted with a three piece suite comprising bath with shower over, low level WC and wash hand basin, tiled walls, heated towel holder, window to side.
Information - Remaining lease approx. 90 years
Service charge approx. 300 pa
Ground rent approx. 200 pa
Council tax band B
Please confirm all lease details with your legal representative.
Sales Advert Disclaimer - Whilst descriptions, references to condition, necessary permissions for use and occupation or any other details are given in good faith and are believed to be correct, intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or seek their own professional advice. These particulars are intended to give a fair and overall description for guidance purposes only and do not constitute an offer, contract or part of one. A detailed survey has not been carried out and any equipment, fixtures, fittings or services have not been tested or verified to ensure that they are in working order or fit for purpose. All measurements are approximate and any photographs, floorplans and distances referred to should not be relied upon for the purchase of carpets, fixtures or fittings. Lease details, service charges, ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by a Solicitor prior to exchange of contracts. Any reference to alterations or use does not mean that any necessary planning permission, building regulation or other consent has been obtained. All Prospective viewers should view the Cardiff Adopted Local Development Plan 2006-2026 (LDP) and employ their own Professionals to make relevant enquiries with Cardiff County Council Planning Department ( before making any transactional decision. VAT amount relating to the property may change without notice.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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