3 bed block of flats for sale

High Street, Fleur De Lis, Blackwood NP12

Three self-contained 1-bed apartments in a freehold block on Fleur-De-Lis High Street. Each offers open-plan living, double bedroom and bathroom. Basement flat with private garden & side access. Great rental yield – vacant, no chain.

Introduction & Investment Overview

Welcome to High Street, Fleur-de-Lis, Blackwood NP12 3UE – a unique investment opportunity comprising a freehold block of three self-contained one-bed flats. With strong rental demand in the area, this property promises solid returns, strong tenant interest, and the convenience of being offered vacant and with no onward chain – ideal for both seasoned landlords and first-time investors.

Property Layout & Configuration

The block comprises three mirror-image flats, each thoughtfully designed to maximise space and rental appeal:

Basement Flat: Enjoys private side access through a gated entrance, leading into an open-plan lounge and kitchen. There’s a well-proportioned double bedroom and a bathroom. This flat also benefits from a large private rear garden, perfect for tenants wanting outdoor space in town.

Ground Floor Flat: Accessed via a secure, communal entrance hall, this flat features an open-plan living/dining area with fitted kitchen, a double bedroom and bathroom. UPVC double glazing and gas central heating add tenant comfort.

First Floor Flat: Identical in layout and specification to the ground floor, accessed via the same communal entrance.

Key Features & Tenant Benefits

Open-Plan Layout: Modern living space, maximising natural light and functional design.

Double Bedrooms & Bathrooms: Consistent offering across all three flats, simplifying furnishing and letting.

Basement Private Garden & Access: Unique appeal – outdoor space and separate entrance enhance privacy and attract tenants.

Communal Access: Shared entrance for ground and first floor provides security and a sense of community.

UPVC Double Glazing & Gas Central Heating: Improved insulation and tenant comfort—cost-effective and appealing.

Vacant and No Chain: Acquirers can take immediate control and begin managing or letting the flats without delay.

Location & Local Amenities

Fleur-de-Lis is a well-established residential community in Blackwood, Caerphilly. Known for its accessibility, sense of community, and excellent amenities, it's an area with steady tenant demand.

Key Location Benefits Include:

Walking distance to local shops, amenities and bus stops

5-minute drive to Ysbyty Ystrad Fawr – popular among healthcare workers

Close to Blackwood Primary School – ideal for young couples planning ahead

Excellent transport links via the A472, A467 and regular bus services

Easy commuting to Blackwood, Newport, and Caerphilly

The central location also means tenants are never far from supermarkets, cafes, schools, parks and public services.

Rental Potential & Yield

The rental yield here is compelling. Based on market comparables:

Ground and First Floor Flat: Circa £625 - £675pcm each

Basement Flat (with garden): £725 - £775pcm

Fully-Let Income Potential:

Approximately £2,075 per calendar month (£24,900 annually). With an estimate purchase price of £180,000 boasts the possibility of a gross yield of 13.8% an attractive return by current market standards.

Final Summary

38 High Street offers a rare combination of rental yield, turnkey convenience, and location quality — ready for immediate letting or resale. With no chain and vacant possession, the block allows quick execution and returns. A rare find for both individual and portfolio landlords.

Knotweed is present and we are awaiting the treatment plan and quotes for this.

Contact Harry Harper Sales & Lettings in Cardiff today to arrange a viewing.

Please note - Images have been virtually staged to show the furniture and appliances.