Substantial recently refurbished residential investment in sought after Penarth location. Informed rental income of £55,140pa representing an Initial Gross Yield of 10%.
Four storey semi-detached house having pointed brick elevations beneath a pitched slate roof covering and benefiting from double glazed uPVC fenestration and gas central heating (not tested). The property is currently divided into six units comprising of a two bedroom self-contained lower ground floor garden apartment, a two bedroom self-contained ground floor apartment, three refurbished studios with a share of a bathroom occupying the first floor and a large, top floor one bedroom apartment with sea views to the rear. We are informed that property is covered by an HMO license but please consult the legal pack in this regard when available.
The property is located in a superb position within walking distance of this popular seaside town centre with its selection of bars, restaurants and boutiques. The town has a Victorian promenade and pier, a number of parks, marina and excellent schools. There are excellent transport links to Cardiff city centre.
LGF: Self-contained two bedroom apartment accessed from the rear of the building through a gated side entrance. Hallway, lounge, dining room, kitchen, two bedrooms, bathroom
GF: Self-contained two bedroom apartment accessed from the front of the building. Hallway, kitchen/living room, two bedrooms, bathroom
FF: Accessed from a brick built external staircase. Landing, bedsit D, bedsit E, bedsit F, bathroom
SF: Large one bedroom apartment. Hall, lounge, kitchen, study/store, bedroom, bathroom
OS: Well maintained garden to the front, side and rear
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions
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.
Auctioneers Office, Seel and Co (029) 2037 0117
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
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* 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.
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