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Richmond Road, Cardiff

Wales

£850,000
Listed on 05/02/2025

Property Details

Bedrooms
11
Type
Detached house
Area
3500 sqft

Description

This property presents a remarkable opportunity for both renovation and investment, featuring six self-contained apartments that have been meticulously designed for modern living. Comprising a mix of one- and two-bedroom units, each apartment offers spacious layouts with contemporary finishes, making them appealing to a variety of tenants. The building is a substantial three-story mid-terrace structure with distinctive double-fronted architecture. Its strategic location just outside Cardiff City Centre ensures easy access to the vibrant amenities of the area, including Newport Road and Queen Street Railway Station. This proximity makes it an attractive option for professionals and students seeking convenient accommodation. Each apartment is well-appointed with modern kitchens equipped with sleek cabinetry, stainless steel sinks, and integrated appliances. The living spaces are bright and airy, featuring large uPVC double-glazed windows that flood the rooms with natural light. Additionally, the bathrooms are functional and stylish, fitted with white suites and chrome accents that enhance their appeal. An especially notable feature of this property is the large private car park at the rear. This not only caters to current residents but also offers significant development potential for future enhancement. With appropriate planning permissions, this area could be transformed to further increase rental income or overall property value. Currently generating an annual rental income of £65,100, this property requires no immediate refurbishment, making it an appealing turnkey investment. It boasts several key elements—high-quality finishes throughout, a sought-after location near essential transport links—positioning it as a highly viable option for buy-to-let investors looking to grow their portfolio. Offered on freehold tenure (pending solicitor confirmation), this property stands out as a solid investment opportunity within one of Cardiff’s most desirable neighborhoods. The combination of stable rental returns alongside potential for value appreciation makes it an ideal choice for both seasoned investors and those entering the market.

Investment Analysis

(CF24 area)

Below Market Value

This property is priced -7.5% below area average per sq ft

-7.5%
Potential saving
This Property
£243/sq ft
Area Average
£263/sq ft
Avg Rent (weekly)
£487
Avg Yield
10.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£50,000 - £75,000
Target Value
£1,010,625
10% above area average per sq ft
Potential ROI
+9.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (CF24)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 6.0%
5 year growth: 20.9%
Investment Disclaimer: Analysis based on CF24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Richmond Road, Cardiff
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,114
Based on a loan of £637,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE