Freehold
Bidding opens Monday 9th November 2026 at Midday and closes Wednesday 11th November 2026 at Midday
Viewings through Auction House Wales 01633 212555
Substantial Semi-Detached Property Currently Converted into Apartments having Investment & Development Potential
3 Clive Crescent Penarth, Vale of Glamorgan. CF64 1AT
A substantial Semi-detached property located within a sought-after seaside town, the accommodation currently comprises of a lower ground floor two-bedroom self-contained apartment with scope for re-configuration, a self-contained ground floor two-bedroom apartment. To the first floor is an apartment comprising of 3 x refurbished studio rooms with a shared bathroom, whilst the top floor contains a large one-bedroom apartment again with scope for re-configuration.
The property is now vacant and have been informed that it was previously producing a gross annual income of £55,140 per annum, however, the income was substantially below current market rent. In our opinion, the accommodation could provide a gross rental amount of circa £65,000-£70,000 per annum. There may also be an opportunity to split the title and sell individually or alternatively, convert the accommodation into one dwelling with re-sale figures suggesting a value in excess of £1M in our opinion.
Penarth is a very sought after seaside town, benefiting from a Victorian Esplanade and Pier at the beach front, with numerous eateries and bars and boutiques being present along within the town centre. Excellent schooling is also available, along with Cardiff Bay and the Barrage being within walking distance. There are excellent public transport links to Cardiff City Centre and Barry, good access is provided to the A4232/A48 and M4. Penarth has also received many accolades over the years, such as best Best Place to Live by The Times in 2025, being just one.
Additional information
Please note that we are advised by the client that there is some stamp duty relief on the block, due to the property being 4 separate dwellings, we would suggest that any interested parties make their own enquiries with regard to this.
Further details
Lower Ground Floor Entrance, lounge, kitchen, three rooms and a bathroom.
Ground Floor Entrance porch, living room / kitchen, two bedrooms and a bathroom.
First Floor Entrance, three studio rooms and a bathroom.
Second Floor Lounge, kitchen, bathroom and one bedroom.
Viewings Via Auction House Wales
Council Tax Band Garden Flat - B
Ground Floor Flat - C
First Floor Flat - C
Top Flat - C
EPC Ratings
EPC Rating: Garden Flat - D, G F Flat - D, F F Flat - D & Top flat - E
Administration fee
1.5% inc VAT of the purchase price, subject to a minimum of £2100 inc VAT, payable on exchange of contracts.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
IMPORTANT NOTICE FROM HERN & CRABTREE
Property details (including title, lease, and all associated costs) are provided by the seller and are not legally verified by us. While we aim for accuracy, we recommend verifying all information independently with your legal representatives, including any inspections, before contract exchange. Photographs, measurements and descriptions are provided as a guide and in good faith but may not fully represent the property. We do not test services, systems, or appliances. Marketing figures are appraisals, not valuations, and may differ from surveyor assessments. We are not liable for any discrepancies in value, for any costs and/or any financial losses associated with purchasing or selling a property regardless of the reason for the transaction not proceeding. By proceeding, you confirm your understanding of these terms.
