Ref: 54CDS
This lovely one Bedroom ground floor apartment has just come on to the market and would be a great potential investment property. The Leasehold property is located on the quiet street of Daniel Street so would be ideal for students and professionals alike and because of the fantastic location it rents every year without fail. It would also be suitable as a residential home due to it being within close proximity to local amenities and transport links. This property would make a fantastic investment property or first time buy.
The current lease on the property has 67 years remaining and the apartment has no service charge with a fixed 50 ground rent fee per annum, and has recently been repainted throughout and had a new boiler fitted. The property also has access to two shared parking spaces with the other three flats in the building.
Daniel Street is in the ideal location, with the Co-Operative on your doorstep and a plethora of restaurants, salons and convenience stores at your fingertips on Crwys Road and City Road. Stag coffee, Mowgli's, Coco Gelato and Falafel Kitchen are amongst just some of the options available. The property is only a 13 minute walk to Cardiff University, and a 20 minute walk into the centre of Cardiff. The closest train station is Cathays which is only 0.6 miles from the property (13 minute walk). With the Crwys Pub just around the corner, this property would make an ideal home.
On entering the building into the communal hallway, the apartment door is accessed to the left. Through the apartment door is the hallway which leads to the bathroom on your right.
The bathroom is particularly spacious for a property of this size, being tiled throughout and having a cream suite. There is cream tiling on floor and white tiling on the walls. The pedestal wash basin has separate hot and cold taps. There is a mirrored over-sink cabinet and the double shower is located at the rear of the room behind glass panelling. The shower has a folding glass door and has a detachable hose and shower head. The room has a closet at the front of the room which houses the washing machine and condenser drier.
The living room is spacious enough to accommodate two two-seater sofas and storage cabinets. There is also space for a small dining table and chairs, creating a relaxed homely feel to the property. The living area has two large white UPVC windows with opening sections allowing plenty of light and fresh air into the property. The galley kitchen is fitted with an oven and gas hob at the back of the kitchen with extractor fan overhead. There are overhead, drawers and base storage units for food storage and electric socket for appliances. There is a sink with drainer which is fitted with separate hot and cold taps. There is also a large free-standing fridge freezer at the end of the kitchen.
The bedroom is at the rear of the property, set back from the road making it peaceful and even through the road itself is usually very quiet. The room encourages a ottoman bed frame for additional storage space or a simple metal/wooden bed frame which would allow for under-bed storage. The room has natural light from the window to the side elevation and has cream curtains. The white UPVC window has two opening sections and is double glazed. There is space for a large chest of drawers and bedside table.
Each flat in the building is responsible for its own buildings insurance, though the seller has taken out an indemnity policy (which pertains to the property not the owner and lasts the length of the lease) to protect the property in case another flat in the building has invalid buildings insurance. Buildings insurance and landlord insurance from Direct Line was 150 per year.
The property has been rented since 2015, with no voids for 530 per calendar month. There is some minor remedial work for the property which is required to meet current regulations in let properties in Cardiff which has been estimated at 356.77 (full details available on request) and has also been factored into the guide price.
A quick sale would be suited for buy-to-let investors to ensure the property is tenanted before Christmas. The vendor is looking for 4-6 week exchange in order to move on from Cardiff.
No Arrears for the property. Cash purchases welcomed.
Fixtures and furnishings included.
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