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 flat · CF11 0JN
Sold STCReduced £5k (−3.2%) on 21 MayListed 341 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern Waterside Living in One of Cardiff Bay’s Premier Developments Welcome to Caldey Island House , a standout two-bedroom apartment located on the third floor of the highly sought-after Prospect Place development in Cardiff Bay.
This modern home offers an exceptional blend of contemporary design, lifestyle-enhancing amenities, and a waterfront setting that continues to attract buyers and investors from across the city and beyond.
With a south-east facing balcony, two double bedrooms, an ensuite shower room, a full bathroom, open-plan living space, allocated parking, and exclusive access to leisure facilities, this apartment presents the ideal opportunity for anyone seeking convenience and comfort in a vibrant waterside community.
A Bright and Inviting Living Space From the moment you step into the apartment, you are greeted by a bright and airy atmosphere, enhanced by a large sliding glass door leading onto the balcony.
The open-plan living and kitchen area has been designed to maximise space and natural light, creating a comfortable environment for day-to-day living as well as entertaining.
The living area features soft, neutral décor and plush dark grey carpeting, offering a calm and modern canvas for a range of interior styles.
Whether you prefer a minimalist approach or a cosy, character-filled aesthetic, this space lends itself beautifully to personalisation.
Contemporary Kitchen with Clean, Modern Lines The kitchen section of the open-plan layout is finished with sleek white, handleless cabinetry and integrated appliances, combining functionality with a crisp, modern look.
Recessed lighting keeps the space bright and uncluttered, while the layout provides ample room for cooking, dining, and hosting.
This seamless design means that the kitchen connects naturally with the living area, making day-to-day routines effortless and allowing for sociable evenings with friends or family.
Private South-East Facing Balcony with Water Views One of the standout features of this apartment is its private balcony, positioned to capture morning sunshine thanks to its south-east orientation.
This peaceful outdoor space is perfect for enjoying breakfast in the sun, reading with a backdrop of water views, or relaxing after work with fresh air and natural surroundings.
The balcony can also be accessed from the second bedroom, adding further convenience and enhancing the indoor-outdoor flow that makes the apartment feel spacious and connected to its wider environment.
Two Comfortable Double Bedrooms Both bedrooms are well sized, offering versatility whether you’re looking for guest accommodation, a home office, or a long-term rental layout.
Principal Bedroom The principal bedroom measures an impressive 4.58m x 2.70m and includes: Built-in wardrobes A private ensuite shower room Modern tiling with a mosaic accent A peaceful setting away from the main living area This room offers everything you need for restful nights and practical day-to-day living.
Second Bedroom The second double bedroom (2.47m x 2.93m) benefits from balcony access, making it particularly appealing for guests or sharers.
It also offers a calm and inviting space for working from home. Two Modern Bathrooms In addition to the ensuite shower room, the apartment includes a well-appointed family bathroom.
Both the ensuite and main bathroom are finished with contemporary fixtures, neutral tones, and clean, modern styling, ensuring the home feels consistent and well maintained throughout.
Leisure Facilities That Elevate Everyday Living Prospect Place is renowned for offering some of the best leisure amenities of any development in Cardiff Bay.
As a resident of Caldey Island House, you'll enjoy access to: Two fully equipped on-site gyms A heated swimming pool Jacuzzi/hot tub facilities Sauna access 24-hour concierge service These features offer an exceptional lifestyle advantage, providing residents with the convenience and luxury of health and wellbeing options just steps from their front door.
Landscaped Communal Gardens and Waterside Setting As part of this secure gated community, residents also benefit from access to beautifully maintained communal gardens and green spaces.
These landscaped areas are ideal for a quiet break outdoors or a walk around the development, while also providing a sense of tranquillity that enhances the overall living experience.
Allocated Parking and Secure Gated Access The apartment comes with an allocated parking space, with further visitor parking available within the development.
Secure electronic gating ensures peace of mind, while the concierge provides ongoing support and a visible presence throughout the day and night.
A Location That Offers Convenience, Lifestyle and Connectivity Prospect Place is perfectly positioned to take full advantage of Cardiff Bay’s vibrant culture and amenities.
Just a short walk away, you’ll find: Cardiff International Sports Village , offering a swimming pool, ice rink, white water centre and gym Morrisons and ALDI , both within a five-minute walk Cardiff Bay Retail Park , home to shops, cafés, and restaurants Mermaid Quay , easily accessible on foot for dining, entertainment, and waterfront strolls For families, The Green Giraffe Day Nursery and Oakmont School are conveniently close.
Transport connections are excellent, with frequent bus services into Cardiff city centre and Cogan railway station just over one kilometre away, offering links across South Wales and beyond.
Ideal for First-Time Buyers, Downsizers, or Investors This property represents an excellent opportunity for a range of buyers: First-time buyers seeking a move-in-ready home with amenities Downsizers wanting convenience and low-maintenance living Investors looking for strong rental demand in a proven Cardiff Bay location With realistic pricing and high demand for modern apartments in this area, early viewing is highly recommended.
Tenure Leasehold 125 years from 2003 - 103 years remaining.
Ground rent = £210 per annum Service Charge = We are informed is currently in the region of £3,000 per annum Please Note - All services and appliances have not and will not be tested.
All buyers are required to complete a digital Anti-Money Laundering (AML) check via MoveButler as part of the legal compliance process.
This is a mandatory requirement, and a £20 fee per person is payable directly to MoveButler. The purchase cannot proceed without successful completion of this check.
EPC Rating: C Parking - Allocated parking
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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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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FAQ
About Caldey Island House, Ferry Court, Prospect Place, Cardiff, CF11
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