2-bedroom flat · CF24 4JB
Sold STCListed 63 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
****CASH BUYERS ONLY**** A superb opportunity to acquire a two-bedroom first floor flat forming part of a converted end of terrace property, situated in the heart of Cathays, one of Cardiff's most popular residential and investment locations.
Requiring complete renovation throughout, the property offers exceptional potential for investors, builders or purchasers seeking a refurbishment project in an area of consistently strong rental demand.
The accommodation comprises an entrance hallway with staircase rising to the first floor, kitchen/dining room, two bedrooms, bathroom, and the added benefit of a detached single garage.
Please note the property is available to cash purchasers only due to the remaining lease term of approximately 63 years, which falls below the lending criteria of most mainstream mortgage providers.
The short lease has been reflected in the asking price and provides purchasers with the opportunity to modernise the property and investigate a future lease extension, subject to the necessary legal requirements and associated costs.
Occupying a prime position within Cathays, the property is ideally located for both owner occupiers and investors.
Cardiff University, the University of South Wales and the Heath Park Campus are all within walking distance or easy reach. Hallway - Hallway UPVC entrance door with staircase rising to first floor.
Landing - Landing Loft access and doors to all principal rooms. Kitchen/Dining Room - 2.44 x 5.77 (8'0" x 18'11" ) - Fitted units with sink, electric oven and hob. Requires refurbishment throughout.
Bedroom One - 4.27 x 3.43 (14'0" x 11'3") - UPVC double glazed window to front and radiator. Bedroom Two - 2.41 x 3.51 (7'10" x 11'6" ) - UPVC double glazed window to rear and radiator.
Bathroom - 1.78 x 2.13 (5'10" x 6'11" ) - White suite comprising bath with electric shower over, WC and pedestal wash hand basin. Requires total modernisation.
Outside - Detached single garage with up and over door. Council Tax - C Tenture - LEASEHOLD 63 YEARS REMAINING
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About Llantrisant Street, Cathays, Cardiff
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