Bidding opens Monday 9th November 2026 at Midday and closes Wednesday 11th November 2026 at Midday
Description
Substantial, Semi-Detached Property, Currently Converted Into Apartments Having Investment/Development Potential
A substantial, semi-detached property. The accommodation currently comprises of a lower ground floor, three-bedroom, self-contained apartment with scope for re-configuration and a self-contained, ground floor, two-bedroom apartment. To the first floor are 3 refurbished studio rooms with a shared bathroom, whilst the top floor contains a large one-bedroom apartment, again with scope for re-configuration. The property is now vacant and we have been informed that it was previously producing a gross annual income of £55,140 per annum. However, the income was substantially below current market rent. In our opinion, the accommodation could provide a gross rental amount of circa £65,000-£70,000 per annum. There may also be an opportunity to split the title and sell individually, or alternatively, convert the accommodation into one dwelling with re-sale figures suggesting, in our opinion, a value in excess of £1M.
Penarth is a very sought after seaside town, benefiting from a Victorian Esplanade and Pier at the beach front, with numerous eateries, bars and boutiques being present along within the town centre. Excellent schooling is also available, along with Cardiff Bay and the Barrage being within walking distance. There are excellent public transport links to Cardiff City Centre and Barry, good access is provided to the A4232/A48 and M4. Penarth has also received many accolades over the years, such as "Best Best Place To Live" by The Times in 2025, being just one.
Lower Ground Floor Entrance, lounge, kitchen, three rooms and a bathroom.
Ground Floor Entrance porch, living room / kitchen, two bedrooms and a bathroom.
First Floor Entrance, three studio rooms and a bathroom.
Second Floor Lounge, kitchen, bathroom and one bedroom.
Viewings Via Auction House Wales 01633 212555
Council Tax Band Garden Flat - B
Ground Floor Flat - C
First Floor Flat - C
Top Flat - C
Tenure: See Legal Pack
EPC Rating: Garden Flat - D, G F Flat - D, F F Flat - D & Top flat - E
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
1.5% inc VAT of the purchase price, subject to a minimum of £2100 inc VAT, payable on exchange of contracts.
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- 3 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 01633 212 555 for more information
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