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A bay-fronted mid-terrace property situated on Diana Street in the established and well-regarded Roath district of Cardiff. The building is currently arranged as two self-contained apartments and presents an attractive opportunity for investors or developers seeking a value-add residential asset.
The ground floor comprises a self-contained one-bedroom garden apartment, currently vacant. The accommodation includes a living room, fitted kitchen, double bedroom and bathroom, together with gas central heating and uPVC double glazing throughout. The apartment extends to approximately 470 sq ft and benefits from a low-maintenance, enclosed courtyard garden. The EPC rating is D.
The upper part of the property is arranged as a self-contained duplex apartment, currently let and generating a rental income of ÂŁ675 per calendar month. The accommodation includes a living room/dining room, fitted kitchen and bathroom, with two double bedrooms arranged over the upper floor. The apartment benefits from gas central heating and uPVC double glazing and extends to approximately 769 sq ft.
Both apartments would benefit from a programme of refurbishment and modernisation, following which there is considered to be scope for a meaningful uplift in rental income, reflecting comparable refurbished accommodation within the locality.
The property is offered as a single freehold investment and will be of interest to buy-to-let investors and developers seeking an opportunity to enhance value within a strong residential location.
All enquiries via Chambers Estate Agents.