2-bedroom flat · CF10 4JD
To rentListed 134 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Michael Jones Estate Agents are pleased to offer for rent this stunning penthouse apartment. The apartment is situated in Cardiff Bay close to Mermaid Quay and Atlantic Wharf.
The Apartment is on the 10th floor and benefits from having a large L-shaped balcony/patio, a south-facing aspect with great panoramic views across Cardiff, Cardiff Bay and across the Severn estuary.
The apartment comprises of; 2 bedrooms of good size, one with an en-suite shower room, Open-plan Living room/Kitchen of good size, well-appointed Family Bathroom.
A further benefit is allocated parking and visitor parking. Holding deposit 1 weeks rent. Bond payable. EPC Rating C. Council Tax Band E. Flood risk high. (Exc. Utilities, broadband and Council Tax).
Available 28th August 2026. (Move in date stated is subject to successful completion of referencing, contract and vacant possession of the property).
Lounge/Kitchen (3.47 x 8.07) Open-plan Lounge/Kitchen Bedroom No.1 (2.54 x 4.63) Master bedroom with en-suite. Bedroom No.2 (3.09 x 3.09) Bedroom 2
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
Agent & docs
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FAQ
About 145, The Water Quarter, Cardiff
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