Colum Road, Cathays
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
5
- BATHROOMS
5
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Block of flats in Cathays consisting of three freehold apartments
- Approximately 9% return
- Current income £39,100 (including water and electricity)
- Substantial existing investment opportunity
- Fantastic opportunity to potentially double the income
- Prime location within moments of the Universities and City Centre
- Planning permission has been granted for a conversion with ground floor rear extension and rear dormer roof extension
- Spacious accommodation with communal garden
- No onward chain
Description
Unlock the full potential of this exceptional investment in one of Cardiff's most sought-after rental hotspots. Situated on the ever-popular Colum Road in the heart of Cathays, this fully let apartment block is already generating an impressive annual rental income of £39,100, while offering an outstanding value-add opportunity with planning permission already in place.
The approved scheme allows for the reconfiguration of the existing accommodation into three substantially larger apartments, incorporating a ground floor rear extension and rear dormer roof extension. Once completed, the development offers the exciting potential to almost double the current rental income, making this an exceptional opportunity for investors looking to maximise both yield and capital value. Planning Reference: 25/02348/FUL
Located just a short walk from Cardiff University, Cardiff Metropolitan University, University Hospital of Wales and Cardiff City Centre, this is a prime buy-to-let investment in an area where demand consistently outstrips supply.
Current Accommodation Flat 1: One-bedroom self-contained apartment – currently let at £850 pcm Flat 2: Studio apartment – currently let at £800 pcm Flat 3: Three-bedroom self-contained apartment – currently let at £1,680 pcm Current Annual Income: £39,100 (inclusive of water and electricity)
Whether you're looking for a ready-made investment with immediate income, or a value-add opportunity with exceptional future earning potential, opportunities like this are rarely available in such a prime Cathays location.
Flat 1
Current Rent £72534m21 Bed 1 BathEPC E
Room 2
Current Rent £75027m2StudioEPC E
Flat 3
Current Rent £16203 Bedrooms65m2EPC E
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Colum Road, Cathays
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Visit our security centre to find out moreDisclaimer - Property reference 10746799. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by CPS Homes, Cardiff. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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