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See how verdicts workStudio flat
For saleListed 2 daysAuction 9 Nov · in 10 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bidding opens Monday 9th November 2026 at midday and closes Wednesday 11th November 2026 from midday.
Residential Investment - 3 X Apartments in Popular Central Location An opportunity to purchase an attractive residential investment being a substantial three storey end of terrace building that has been converted to provide three apartments comprising of a two-bedroom ground floor apartment, a two-bedroom first floor apartment along with a second floor one bedroom apartment.
We are advised that the property currently provides a gross rental income of £31,800 per annum, with some scope for betterment in our opinion.
The property currently sits on one freehold title and therefore, also provides the option of a title split and muti-generational living is also an option.
The side elevation benefits from being rebuilt in brick and also has secure gated rear lane access.
The building is located within short walking distance of the city centre, close to local shops, schools and parks.
Good shopping is also available on Cowbridge Road East, within the Grangetown area and the Leckwith Retail Park.
Pontcanna and Cardiff Bay are also easily accessible as is convenient access to the A4232/A48 and the M4.
We have been notified that the tenant occupying flat 2 has given notice to vacate on 29th October 2026.
Ground Floor Flat Lounge, kitchen/diner, bathroom, utility room with the benefit of a rear garden. First Floor Flat Lounge, dining area, kitchen, two bedrooms, bathroom.
Second Floor Flat Lounge, kitchen, bedroom, bathroom. Outside: Rear garden with secure rear gated lane access.
Council Tax Band Ground Floor Flat - C, 1st Floor Flat- C 2nd Floor Flat - B Income: We are advised of the following rents, which total a combined gross annual income of £31,800.
Please refer to legal pack for confirmation. Ground Floor Flat let at £1000 p/c/m First Floor Flat let at £1000 p/c/m Second Floor Flat let at £650 p/c/m Viewings: Via Auction House Wales .
Important information Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid.
If you are the successful bidder, you are required to pay the deposit and auction fees immediately.
As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract.
You must not bid unless you wish to be bound by the common conditions of auction. Tenure: See Legal Pack EPC Rating: Ground Floor Flat - C, Flat 2 - D & Flat 3 - D
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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