This property presents an exceptional opportunity for development, having secured planning permission on October 26, 2020, for the conversion and expansion into four distinct apartments. The proposed layout comprises two one-bedroom flats, a two-bedroom flat, and a three-bedroom flat—ideal configurations for the rental market in CF24.
Positioned strategically in a popular residential area near Cardiff City Centre, this investment holds great potential for strong rental demand. The site requires comprehensive refurbishment, representing a significant value-add proposition for investors looking to enhance the property's finished quality. Additionally, there is potential to seek further planning approval for a coach house at the back of the garden, maximizing density and overall gross development value (GDV), contingent upon necessary consents.
The expansive garden space further enhances this opportunity.
It is important to note that the property is currently in a state requiring substantial renovation or construction work. Visitors should proceed with caution as the environment may contain hazards common to building sites, such as uneven surfaces and exposed materials. Access to upper levels is restricted due to these conditions.
All prospective buyers are advised that the property is being sold 'as seen,' without warranties regarding its structural condition or compliance with building regulations. Interested parties are encouraged to conduct thorough due diligence before proceeding.
