Guide price
£399,950
5 bed block of flats for saleColum Road, Cathays CF10
5 beds
5 baths
3 receptions
EPC Rating: E
Reduced on
CPS Homes
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About this property
Block of flats in Cathays consisting of three freehold apartments
Approximately 9% return
Current income £39,100 (including water and electricity)
Substantial existing investment opportunity
Fantastic opportunity to potentially double the income
Prime location within moments of the Universities and City Centre
Planning permission has been granted for a conversion with ground floor rear extension and rear dormer roof extension
Spacious accommodation with communal garden
No onward chain
Unlock the full potential of this exceptional investment in one of Cardiff's most sought-after rental hotspots. Situated on the ever-popular Colum Road in the heart of Cathays, this fully let apartment block is already generating an impressive annual rental income of £39,100, while offering an outstanding value-add opportunity with planning permission already in place.
The approved scheme allows for the reconfiguration of the existing accommodation into three substantially larger apartments, incorporating a ground floor rear extension and rear dormer roof extension. Once completed, the development offers the exciting potential to almost double the current rental income, making this an exceptional opportunity for investors looking to maximise both yield and capital value. Planning Reference: 25/02348/ful
Located just a short walk from Cardiff University, Cardiff Metropolitan University, University Hospital of Wales and Cardiff City Centre, this is a prime buy-to-let investment in an area where demand consistently outstrips supply.
Current Accommodation Flat 1: One-bedroom self-contained apartment currently let at £850 pcm Flat 2: Studio apartment currently let at £800 pcm Flat 3: Three-bedroom self-contained apartment currently let at £1,680 pcm Current Annual Income: £39,100 (inclusive of water and electricity)
Whether you're looking for a ready-made investment with immediate income, or a value-add opportunity with exceptional future earning potential, opportunities like this are rarely available in such a prime Cathays location.
Flat 1
Current Rent £725
34m2
1 Bed 1 Bath
EPC E
Room 2
Current Rent £750
27m2
Studio
EPC E
Flat 3
Current Rent £1620
3 Bedrooms
65m2
EPC E
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