Local property market information for the serious investor

Modern one bedroom with balcony in Sovereign Quay

You’ll be sure to attract some good quality tenants with this lovely one bedroom in Sovereign Quay.

It has just come on the market with Taylors for £160,000, which yes you might say that is quite alot of money for a one bedroom apartment but this does have a lot going for it. This development is ideally located only a few minutes walk from the wealth of cafes, restaurants and bars that Mermaid Quay has to offer and so  is always appealing to tenants.

The property itself looks modern and in a good condition so ready for tenants to move in. That’s not the reason that this one caught my eye though…. it is the lovely water views looking out over Cardiff Bay and the spacious balcony.

I think you should be achieving a rent of around £725pcm which will give you a yield of 5.4%.

http://www.zoopla.co.uk/for-sale/details/40310869

 

Kate Gwinnutt

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