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 · CF10 5SF
For saleListed today
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**NO CHAIN ** FANTASTIC LOCATION ** MGY are pleased to present this two bedroom apartment that offers an exceptional opportunity for modern city living, ideally situated within walking distance of the vibrant Mermaid Quay.
Located on the second floor, the property boasts a spacious and thoughtfully designed layout with mood lighting throughout, featuring two generous double bedrooms that provide ample space for relaxation or home working.
The stylish open-plan living and dining area is flooded with natural light, complemented by contemporary finishes and a well-appointed kitchen, creating a warm and welcoming atmosphere.
With the added benefit of being offered with no onward chain, this apartment is perfect for first-time buyers, professionals, or investors seeking a prime Cardiff Bay address.
Residents will enjoy the convenience and security of an allocated undercroft parking space, ensuring peace of mind and easy access at all times.
The development is set within well-maintained communal grounds, offering a pleasant outlook and a sense of privacy despite the central location.
With Mermaid Quay’s array of restaurants, cafés, and entertainment just a short stroll away, this property delivers the perfect blend of urban excitement and tranquil retreat.
LOCATION Sovereign Quay is a popular development, situated on a quiet street, within walking distance of St David's Hotel, Mermaid Quay and it's popular attractions, including The Wales Millennium Centre.
It is located within close proximity to a variety of bars, restaurants, coffee shops, Everyman cinema, water sports/activities and the popular Red Dragon Centre.
Beautiful cycle and walking paths to Cardiff Bay Barrage and its spectacular views across Cardiff Bay and Mermaid Quay. ENTRANCE HALL Entered via wooden door, with security spy hole.
Carpeted flooring. Video entry intercom system. Skirting board heating. Spotlights to ceiling. Doors leading to all rooms.
KITCHEN 1.89m x 2.53m Round edged work surfaces incorporating stainless steel sink and electric four ring hob with extractor over. Integrated washing machine and dishwasher.
Space for fridge freezer. Vinyl flooring. Spotlights. LOUNGE/DINER 3.84m x 4.6m Double glazed uPVC floor to ceiling windows. Fantastic views of Cardiff Bay. Carpeted flooring.
TV and telephone point. Skirting board heating. Hue and google controlled spotlights.
BATHROOM 1.67m x 2.16m The modern bathroom comprises a white three-piece suite, including a walk in shower with a glass shower screen, solid walnut vanity enclosed wash hand basin unit, and W.C.
Further benefiting from luxury tiling, large mirrored vanity unit, heated towel rail, recessed spotlights, and an extractor fan.
BEDROOM TWO 3.6m x 2.05m Double glazed uPVC window to front aspect. Double bedroom. Fitted storage cupboard. Skirting board heating. Wooden plank flooring and feature wall.
Spotlights. MASTER BEDROOM 4.08m x 3.16m Large floor to ceiling double glazed uPVC window. Double bedroom. Large fitted double wardrobes with built in shelf lighting.
Skirting board heating. Carpeted flooring. Pendant spot light fitting. TENURE MGY are advised that the property is leasehold, with a term of 999 years from 2001.
Service charges of £3,420.24 per annum, which includes water rates, building insurance, secure fob access, video entry intercom system, lift maintenance, maintenance of internal and external communal areas, regular cleaning and refuse disposal, secure gated fob access to an allocated undercroft parking space.
Ground rent £__ per annum. PARKING Secure gated fob access, to one allocated undercroft parking space.
AML Please note: A non-refundable administration fee of £30 including VAT is payable per buyer to carry out the required AML verification checks once an offer has been accepted.
The sale cannot proceed until these checks have been satisfactorily completed. This is on acceptance of offer only. Details can be found on our website.
Disclaimer Important Notice: These particulars are prepared for guidance only and do not form whole or any part of any offer or contract.
Whilst the particulars are given in good faith, they are not to be relied upon as being a statement or representation of fact.
They are made without responsibility on the part of MGY Ltd or Vendor/lessor and the prospective purchaser/lessee should satisfy themselves by inspection or otherwise as to their accuracy.
Neither MGY Ltd nor anyone in their employ, or the vendor/lessor, imply, make or give any representation/warranty whatsoever in relation to this property.
The services of our recommended mortgage brokers and solicitors may be beneficial.
While a referral fee may be received if they are chosen, there is no obligation to use their services, and an alternative mortgage provider/solicitor can be chosen.
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
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.
Area
Agent & docs

FAQ
About Sovereign Quay, Havannah Street, Cardiff
Explore nearby