February 13, 2017
Two bed in St Mellons with driveway parking
This one caught my attention this morning and might make you a lovely investment. Yes it is on the outskirts of Cardiff but is still a very popular area particularly as it is just minutes from away from the A48 and is easily accessible to both Newport and Cardiff.
It has just come on the market with Allen and Harris for £145,000, now this does seem a little high for 2 beds in the area but the property looks in good condition and has a large rear garden and driveway parking.
I think you could easily achieve a market rent in the region of £650 so based on the current asking price you would be looking at a yield of just over 5%