Project Description

*Submit Pre-Auction Offer

Location
The subject property is located on the eastern side of High Street in Cymmer, Porth, South Wales.

Porth is located on the A4058 and hosts a good range of local amenities including various supermarkets, shops bars and restaurants.

There are a number of local schools and leisure facilities within the area including a leisure centre and swimming pool.

In addition there is a mainline railway station providing easy access into central Cardiff within 40 minutes.

Description
This 2 bedroom cottage is entered from the street. To the ground floor is a large lounge with kitchen diner to the rear. Upstairs hosts two good sized bedrooms and a family bathroom.

Accommodation     
Total    74m2    796ft2

Services
We understand the property is connected to mains gas, electricity, water and drainage.

Tenure
The property is freehold

Investment Analysis
Following a scheme of modernisation at a cost of £10,000 it is envisaged a rental income of £4,800 pa can be achieved. Based on a purchase price of £37,000 this represents a gross yield of 10.21%. In addition there is excellent potential for good capital growth.

Council Tax
The property is rated in Council Tax Band A Council Tax payable (2016/2017) is £1026.02 p.a.

*Guide Price
£37,000

PLEASE NOTE:
THE PROPERTY HAS NOT BEEN  MEASURED AND ALL PHOTOGRAPHS HAVE BEEN PROVIDED BY A THIRD PARTY

Viewing by Appointment

To view this property, please contact John Pye Property – property@johnpye.co.uk – 0115 970 6060

Please click the following link to access the legal pack documents – http://www.johnpye.auctiondocs.com/

Address

85 High Street
Cymmer
Porth
South Wales
CF39 9EU

Features

✓ Two bedroom cottage
✓ Desirable area
✓ In need of refurbishment
✓ Potential to add good capital value
✓ Potential gross yield of 10.21%
✓ Freehold
✓ Good transport links

Contact

Matt Kirk
Phone: 0115 970 6060
Email: property@johnpye.co.uk
Our Ref: PR314

TPO_generic logo

NLAlogoSupplierblue