We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · CF11 0TB
For saleListed 217 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to acquire an exceptional seventh-floor Duplex apartment boasting an expansive two-floor design that offers a generous living space throughout.
Entering the property you will soon find yourself in a light-filled open plan lounge/diner/kitchen space that is perfect for entertaining friends and family.
A 'study/reception room' , 'utility room' and 'bathroom' can also be found on the ground floor along with access to your very own roof terrace.
Two double bedrooms and modern four piece bathroom suite are available off the first floor landing. The property is currently occupied by tenants with an occupational contract in place.
Moving into Bayscape Marina you will enjoy the benefits of an onsite concierge service, secure gated access to an allocated undercroft parking space and the convenience of being situated within range of local amenities, charming cafes and Cogan Train Station (Penarth).
Exciting attractions are nearby such as Cardiff International Pool and Cardiff International White Water. This amazing apartment is being offered to market with no onward chain.
Viewing comes highly recommended.
**An EWS1 form is in place** Additional Information ---------------------------------------- Tenure: Leasehold Service charge 2023 - £ 4,581.88 p/a Ground Rent 2023 - £ 250.00 p/a 243 Years Remaining on Lease Council Tax Band: G EPC Rating: B **Some rooms have been home staged for marketing purposes and the property is available vacant and unfurnished** Entrance Hallway Lounge/Dining Area/Kitchen 25'1" x 14'6" 7.65m x 4.44m Study 10'8" x 10'8" 3.3m x 3.28m Ground Floor Bathroom 8'2" x 6'1" 2.5m x 1.86m Bedroom One (First Floor) 14'6" x 11'7" 4.46m x 3.58m Bedroom Two (First Floor) 17'7" x 10'8" 5.4m x 3.3m First Floor Bathroom (First Floor) 10'6" x 10'3" 3.23m x 3.13m Roof Terrace
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Waterford House, Watkiss Way, Cardiff
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