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Hirwain Street,Cathays,Cardiff,CF24 4JG

Wales

£235,000

Listed on 08/09/2026

The listing

Property details

Bedrooms
2
Type
Terraced
Area
950 sqft

Description

This two-bedroom terraced house in the heart of Cathays presents a compelling investment opportunity. Currently arranged as a traditional home, it features two spacious reception rooms, a fitted kitchen, and access to an enclosed rear garden on the ground floor. The first floor hosts two generous double bedrooms along with a family bathroom. Currently tenanted, the property generates an income of approximately £1,300 per month, making it an attractive option for investors seeking immediate rental returns. Significantly, planning permission has been approved for the conversion of this property into two self-contained flats, which includes plans for both a ground and first-floor extension as well as a dormer loft conversion. This development potential offers an exciting avenue for investors or developers looking to enhance the property's accommodation and rental prospects further. The existing layout provides flexibility, with the two reception rooms adaptable for various uses depending on the buyer's needs. Located close to Cardiff University and a wealth of local amenities, this property is ideally situated for students and young professionals alike. Offered with no onward chain, this is a unique opportunity to acquire an income-producing property with substantial development potential. Early viewing is highly recommended.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

45out of 100
Grade ELow opportunity

Confidence: MEDIUM

This two-bedroom terraced house in Cathays presents a solid investment opportunity, especially given its attractive guide price of £235,000, which is notably below the local average of £262/sqf. The property is well-maintained, featuring a functional kitchen with modern fittings, good-sized bedrooms, and a welcoming garden. Currently generating a rental income of approximately £1,300 PCM, it provides immediate cash flow for investors.

Notably, the property comes with approved planning for conversion into two self-contained flats, offering significant potential for value enhancement. However, it is essential to consider that the all-in costs for purchase and refurbishment are quite tight against local benchmarks, which may limit profit margins. Overall, this listing combines a reasonable entry price with promising development prospects, making it a worthwhile consideration for those looking to invest in a growing area.

Key opportunities

  • Approved planning for conversion into two self-contained flats
  • Strong rental income of approximately £1,300 PCM
  • Well-maintained interior with modern fittings and good-sized rooms

Key risks

None recorded.

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Map

Location

Hirwain Street,Cathays,Cardiff,CF24 4JG
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£888
Based on a loan of £176,250 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.

Tax

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