I know Llanyrafon VERY well having lived there all of my life. The property below is in a much sought after location. Lots of homebuyers and, more importantly, tenants want to live in or near Penarth Court.
This property is priced to reflect the work required but after a purchase price of say £120,000 and £10,000 spend on a refurbishment you could expect a gross rental yield of 5.5% per annum, which is still significantly more than any bank AND your investment will benefit from capital growth over the years to come.
Feel free to get in touch if you are considering the purchase of an investment property in the NP postcode – I would love to be able to offer some advice.