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24 Meadvale Road, Cardiff, South Glamorgan, CF3 1UF
Guide Price* : £15,000
Ground Rent Investment with Valuable Reversion Potential
- Freehold Residential Ground Rent Investment
- Valuable Reversion in circa 36 years
- Current Ground Rent - £13 per annum
- Established Residential Location
Description
The property comprises a semi-detached house arranged across ground and first floors with a garage and front off-street parking.
Location
Located in a popular residential area within 2 miles of the open spaces of Hendre Lake Park and within a mile of the retail facilities of Countisbury Avenue which includes Tesco Extra, Boots Pharmacy, Iceland and Greggs.
The property lies approximately 6 miles north-east of Cardiff city centre and benefits from good road links via the M4.
Tenure
Freehold
Tenancy
The entire property is let long leasehold to Individual(s) for a term of 99 years from 24th June 1959 at a ground rent of £13 per annum exclusive.
There are therefore 36 years unexpired.
VAT
Refer to the legal documentation
Note
The current average house price for the CF3 Postcode Area is circa £200,000 (MousePrice)
3 Meadvale Road sold in May 2022 for £225,000 (Rightmove)
Contact
* 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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Agreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2025
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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