2-bedroom terraced house · CF24 2ND
Listing removedListed 67 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-proportioned two-bedroom Victorian terrace on Railway Street, in the heart of Splott - one of Cardiff's most sought-after rental locations.
Inside, the property benefits from two separate reception rooms, giving tenants genuine flexibility for living, dining or home-working space, along with a family bathroom situated upstairs.
The layout is typical of the area's classic Victorian terraces, offering more usable floor space than many newer builds in the city.
Splott is a historic, close-knit district that has evolved from its industrial roots into a diverse and increasingly popular residential community, prized for its solid period housing stock and excellent value relative to more expensive neighbouring areas like Roath and Pontcanna.
Railway Street sits within easy walking and cycling distance of Cardiff city centre, making it ideal for tenants working in the city or further afield via Cardiff Central station.
Local everyday amenities are close by along Splott Road and Clifton Street, including independent shops, cafés, bakeries and the Star Hub leisure centre with its library and swimming pool.
The wider CF24 postcode is currently one of the strongest rental markets in the UK, driven by sustained demand from young professionals, graduates and Cardiff's large student population, alongside families seeking an affordable alternative to the city's premium postcodes.
Tremorfa Park and the green spaces towards Cardiff Bay offer welcome outdoor space, while the Bay itself - with its restaurants, waterside walks and cultural attractions - is only a short journey away.
A characterful two-bedroom home in a well-connected, in-demand location, well suited to professionals, sharers or small families looking for space and convenience close to the city centre.
EPC Rating: D Disclaimer These details are provided in good faith to give a fair overview of the property but don’t form part of any offer or contract.
Buyers should verify anything critical (like measurements, floor plans, permissions, utilities, or title) with their own solicitor or surveyor.
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Measurements: All sizes are approximate and for guidance only. Services: We haven’t tested any systems, appliances, or utilities. Buyers should carry out their own checks. Legal Note: Wrights.
And its agents can’t make guarantees about the property. Any mention of changes or use does not confirm relevant permissions are in place.
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Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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 229 Railway Street, Cardiff
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