Residential Investment for Auction South Glamorgan CF11 £249,000+

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Auction date: Wed, 25/10/2023 - 11:00

An opportunity to acquire a vacant end of terrace three storey property currently divided into 7 x studio apartments in need of upgrading along with a detached two bedroom coach house to the rear on a popular road. The auctioneers are advised that each of the studio apartments were previously let at approximately £450 p/c/m and the coach house was let at £800 p/c/m. Therefore, the property was previously providing an annual income of £47,400, however, there is scope for betterment by refurbishing the accommodation and raising the income to market rents with studio apartments in the area now commanding rent in excess of £600 p/c/m.

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