Investment opportunity to acquire this mid terraced property consisting of 2x2 bed flats and x1 Studio flat on South Luton Place in Cardiff representing an initial gross yield of circa. 10.5%.

Guide Price* : £265,000+

Description

This mid-terrace property located on South Luton Place, Cardiff consists of 2x2 bedroom flats and x1studio flat, all currently occupied. Each flat includes functional living spaces, with bedrooms, bathrooms, kitchens, and living areas. The property appears to be of brick/blockwork construction with a rendered finish and decorative stone under a pitched roof. uPVC double glazed windows and doors appear to be ok. We have been advised that the property currently generates a combined rental income of circa £2,329 per month (£27,849pa).

Ideally located close to local amenities and transport links and within a short distance to Cardiff City Centre.

For any further clarification on tenancies or information please refer to the legal pack.

Accommodation

GF - 2 Bedroom Flat
FF - 2 Bedroom Flat
Loft - Studio flat

Tenure

Informed Freehold – please refer to legal pack for verification of tenure

Viewing

Viewing by appointment with Seel and Co – www.seelandco.com/auctions

Additional Fees

Buyer's Premium - 1.20% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Further Information

Auctioneers Office, Seel and Co (029) 2037 0117

Auction Details

FOR SALE BY PUBLIC AUCTION on Tuesday, 28 October 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 27 October and conclude in order from Lot 1 at 4:00 pm on Tuesday, 28 October 2025

Lot 05 Auction 5 3

21 South Luton Place, Cardiff, CF24 0EX  View map

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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.