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£180,000
Bedrooms
Bathrooms
Welcome to 19 OLeary Drive, a beautifully renovated ground-floor apartment offering modern living in a sought-after location. This stylish 2-bedroom property is situated just off Ferry Road, placing you within easy reach of Cardiff Bay Retail Park and providing excellent transport links, making it ideal for professionals, first-time buyers, or investors.
Prime Location
Nestled in a vibrant yet peaceful area, this property combines convenience and lifestyle. Cardiff Bay Retail Park is just a 2-minute walk away, offering a variety of shops, restaurants, and amenities. For outdoor enthusiasts, the picturesque walking and cycling routes around Cardiff Bay are right on your doorstep. Commuters will appreciate the propertys close proximity to the M4, with the link road only a 1-minute drive away.
Stylish Interior
Step inside to discover a home that has been thoughtfully renovated to a high standard, with a chic and contemporary aesthetic throughout.
Additional Features
Lifestyle and Connectivity
Living at 19 OLeary Drive means youre never far from the best Cardiff has to offer. Explore the cultural and entertainment options of Cardiff Bay, enjoy a day of shopping at the retail park, or take a scenic stroll along the waterfront. The propertys excellent connectivity to the M4 also ensures quick access to nearby towns and cities, making it a convenient base for any lifestyle.
Summary
19 OLeary Drive is a delightful ground-floor apartment that seamlessly blends modern design with a prime location. With its stylish interiors, spacious layout, and excellent transport links, this property presents a fantastic opportunity to enjoy the best of Cardiff living. Whether youre looking for a new home or a smart investment, this apartment ticks all the boxes.
Arrange a viewing today to experience all that this exceptional property has to offer.
We are advised by the vendor of the below:
Ground rent - 220 per annum
Service Charge - 1057.2 (6 monthly)
Lease - 999 years from 1st January 2021
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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