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Melrose Avenue, Penylan, Cardiff

Wales

£420,000

Listed on 21/05/2026

Property details

Bedrooms
3
Type
Terraced
Area
1580 sqft

Description

This three-bedroom terraced home in Penylan, Cardiff, offers a solid foundation for first-time buyers or families looking to invest in a property with potential. The practical layout incorporates two reception rooms on the ground floor, both adorned with wood block flooring to define living and dining spaces. The kitchen is complemented by a utility room and a convenient downstairs toilet.

On the upper level, you'll find two double bedrooms alongside a single bedroom, providing ample accommodation. The main bathroom features a modern suite with a vanity unit, while an additional ensuite in the loft space presents further possibilities for expansion, pending necessary permissions. Outside, the property boasts a garden area—an ideal spot for outdoor activities or relaxation.

Located in Penylan, residents can easily access local green spaces like Waterloo Gardens and Roath Mill Gardens for enjoyable walking and cycling paths. Roath Park is also just a short drive away, offering recreational facilities around its picturesque lake. The nearby areas of Albany Road and Wellfield Road provide various shops and cafés for everyday needs.

Public transport connections are well-established, with Cardiff Bus services conveniently linking to the city centre and surrounding areas. Mainline rail services from Cardiff Central and Cardiff Queen Street stations are approximately 10–15 minutes away by car, facilitating commutes to Newport, Swansea, Bristol, and London Paddington—with journey times to London at around two hours. This location provides both daily conveniences and broader commuting options.

Investment analysis

(CF23 area)

Below Market Value

This property is priced -18.0% below area average per sq ft

-18.0%
Potential saving
This Property
£266/sq ft
Area Average
£324/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£563,633
10% above area average per sq ft
Potential ROI
+23.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (CF23)

Area prices are falling by -4.7% over the last 12 months
3 year growth: +0.3%
5 year growth: +9.2%
Investment Disclaimer: Analysis based on CF23 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

Melrose Avenue, Penylan, Cardiff
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,587
Based on a loan of £315,000 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-2.3% since listed
£420,000£10,000(-2.3%)
19/07/2026
Current price
£430,000Initial listing
22/05/2026

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