2 bedroom apartment for sale

£160,000

2

Bedrooms

1

Bathrooms

Nestled in the vibrant area of Grangetown, Cardiff, this charming apartment on Clive Street presents an excellent investment opportunity. Spanning an impressive 743 square feet, the property boasts two well-proportioned bedrooms, making it ideal for small families or professionals seeking a comfortable living space.

The apartment features a welcoming reception room, perfect for relaxation or entertaining guests. The layout is thoughtfully designed to maximise space and light, creating a warm and inviting atmosphere throughout. The bathroom is conveniently located, ensuring ease of access for all residents.

Currently rented at 1,100 per calendar month, this property not only offers a delightful living experience but also a promising return on investment. Grangetown is known for its community spirit and accessibility, with local amenities and transport links just a stones throw away, making it an attractive location for tenants.

Whether you are looking to expand your property portfolio or seeking a new home in a lively neighbourhood, this apartment on Clive Street is a remarkable choice. Do not miss the chance to acquire this fantastic property in one of Cardiffs most sought-after areas.

Description - Whether you are looking to expand your property portfolio or seeking a new home in a lively neighbourhood, this apartment on Clive Street is a remarkable choice.

Bedroom 1 - 5.56 x 3.68 (182' x 120') - This generous double bedroom is laid with fitted carpet, creating a warm and comfortable environment. The room benefits from built-in wardrobes, providing ample storage space. Two front aspect PVCu windows allow natural light to flood the room, while a front-facing Velux window adds an extra touch of brightness and charm. A radiator ensures the room stays cozy and warm throughout the year.

Bedroom 2 - 3.71 x 3.68 (122' x 120') - Very light double bedroom with wood flooring and ample space for storage. There is a rear aspect window and Velux window. Radiator.

Bathroom - The bathroom is fitted with a classic three-piece suite, comprising a panel bath with an overhead shower and tile splashback, offering a clean and functional space. The suite also includes a low-level W/C and a pedestal wash basin, both designed for practicality and ease of use. A rear obscured PVCu window ensures privacy while allowing natural light to brighten the room.

Kitchen - 3.71 x 3.66 (122' x 120') - This spacious kitchen features tile-effect flooring and is fitted with both wall and base units, offering ample storage and workspace. The inset stainless steel sink adds a sleek and practical touch, while there is plenty of space for kitchen appliances to suit your needs. The room also boasts a large island in the center. A rear aspect window allows natural light to flood the space, and a PVCu back door leads directly to the balcony, providing a perfect spot for outdoor relaxation.

Living Room - 5.54 x 3.66 (182' x 120') - This generously sized lounge offers a welcoming and comfortable space, perfect for relaxing or entertaining. The room is laid with fitted carpet, adding warmth and a cozy feel. Large PVCu windows to the front of the property flood the space with natural light, creating a bright and airy atmosphere. Electrical points are conveniently located throughout the room, ensuring ease of access for your various devices and appliances. The addition of a radiator ensures the room remains warm and inviting during colder months.

Hallway - A carpeted staircase rises to the first-floor landing, offering access to the lounge, kitchen, and bathroom. The design is practical and inviting, leading to a second staircase that ascends to the second-floor bedrooms, making the layout both functional and spacious.

Communal Area - The carpeted communal hallway offers access to the meter area, the first-floor flat, and the neighboring property, providing a clean, welcoming, and functional space for all residents.

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.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 126700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 4000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 6700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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