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£150,000

Ystrad Road, Pontypridd, CF41

  • 5 beds
Terraced house
Under offer/SSTC

£150,000

  • 5 beds
Terraced house
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Estimate monthly mortgage payment:

£685 per month

Minimum deposit amount:

£7,500
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The property benefits from full planning permission (Application Number - 21/0534/10) for the development of five purpose built one-bedroom apartments. Rhondda Cynon Taf Social Letting have confirmed their interest in taking on all five flats when completed for a minimum of 5 years paying the going rate of ?75 per apartment, per week minimum 10%. This gives the new owner a potential return per annum of ?17,550.00. Rhondda Cynon Taf Social letting have also confirmed that each flat could receive a ?2,000 grant to help towards the refurbishment costs.

The property has had its Asbestos Refurbishment Survey Report, undertaken on 23/12/2021.

There are also interest free loans available.

The proposed development plans show the following;

Lower Ground Floor - One Studio Apartment

Ground Floor - Street Entrance and One Studio Apartment

First Floor - Two Studio Apartments

Second Floor - One Studio Apartment

Each studio apartment benefits from a large bedroom, kitchen/diner and W/C. There is also space for a bin and bike storage for each flat.

The plans show the bottom floor (basement) to be a redundant room, so this gives you the freedom to utilise the space how you wish.

The property is situated near plenty of amenities including transport links, range of shops and schools for its residents.

This development opportunity is a great chance to invest and generate a steady income throughout the year.

Please note - the virtual tour is available throughout the top three floors of the property. The lower Ground Floor and Basement are not included. These can be viewed however on the floorplan.

Council Tax Band - A

Council tax band: A, Tenure: Freehold, EPC rating: D
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Stamp Duty tax
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£0
Mortgage and legal costs:
£999
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Property details

£150,000

5 bed house for sale

Ystrad Road, Pontypridd, CF41

The property benefits from full planning permission (Application Number - 21/0534/10) for the development of five purpose built one-bedroom apartments. Rhondda Cynon Taf Social Letting have confirmed their interest in taking on all five flats when completed for a minimum of 5 years paying the going rate of ?75 per apartment, per week minimum 10%. This gives the new owner a potential return per annum of ?17,550.00. Rhondda Cynon Taf Social letting have also confirmed that each flat could receive a ?2,000 grant to help towards the refurbishment costs.

The property has had its Asbestos Refurbishment Survey Report, undertaken on 23/12/2021.

There are also interest free loans available.

The proposed development plans show the following;

Lower Ground Floor - One Studio Apartment

Ground Floor - Street Entrance and One Studio Apartment

First Floor - Two Studio Apartments

Second Floor - One Studio Apartment

Each studio apartment benefits from a large bedroom, kitchen/diner and W/C. There is also space for a bin and bike storage for each flat.

The plans show the bottom floor (basement) to be a redundant room, so this gives you the freedom to utilise the space how you wish.

The property is situated near plenty of amenities including transport links, range of shops and schools for its residents.

This development opportunity is a great chance to invest and generate a steady income throughout the year.

Please note - the virtual tour is available throughout the top three floors of the property. The lower Ground Floor and Basement are not included. These can be viewed however on the floorplan.

Council Tax Band - A

Council tax band: A, Tenure: Freehold, EPC rating: D