£575,000
9 Bedroom Detached House
The Retreat, Penylan, Cardiff, CF23
First listed on: 20th September 2023
Nearest stations:
- Heath Low Level (1.4 mi)
- Heath High Level (1.4 mi)
- Cathays (1.4 mi)
- Cardiff Queen Street (1.5 mi)
- Cardiff Central (1.9 mi)
Interested?
Call: See phone number 02920 310 555
Property Description
Exclusive 9-bed HMO in Penylan, Cardiff! Prime rental spot with approved 6-apartment conversion plans (ref: 20/01176/MNR). Ideal for investors or family home transformation. Near key amenities. A rare, versatile opportunity in a sought-after area!
Description
Step into a lucrative investment opportunity with this established 9-bedroom HMO in the heart of Penylan, Cardiff. A property that not only promises steady rental income but also offers versatility in its potential uses.Situated in the prestigious Penylan area, this HMO is perfectly positioned to attract tenants seeking the balance of city living with the tranquillity of a historic neighbourhood. With Roath parks, gardens, and a plethora of unique eateries just a short stroll away, residents will be immersed in the community spirit that Penylan is renowned for.The property itself is expansive, spread over two floors, ensuring ample space and comfort for all occupants. Each room has been thoughtfully designed to cater to the needs of modern tenants, ensuring a steady demand with minimal historic vacancy periods. Historically it brought in a modest ?4,400.00 per month, which is considered under market value. With an approximate 10% ROI. However, the potential of this property doesn't end with its current HMO status. With approved plans (reference 20/01176/MNR) in place, there's an opportunity for transformation into 6 individual apartments. Alternatively, for those with a vision, it can be reimagined as a spacious family home, making it a truly versatile investment.With no onward chain, this property is ready for the next investor to realize its full potential. Whether you're looking to continue its legacy as an HMO, transform it into apartments, or convert it into a family home, this property in Penylan promises a return on investment in more ways than one.
Useful Statistics In Your Area
We have collected some useful information to help you learn more about your area and how it may affect it's value. This could be useful for those already living in the area, those considering a move or a purchase of a buy-to-let investment in the area.
Property Location
Property Street View
Price History
Listed prices are those submitted to us and may not reflect the actual selling price of this property.
Date | History Details |
---|---|
17/05/2024 | Property listed at £575,000 |
22/09/2023 | Property listed at £525,000 |
Property Floorplans
Mortgage Calculator
Calculate the cost of a mortgage for your new home based on available data.
Get an Instant Offer
Looking to sell quickly. OneDome's Instant Offer service can get you a cash offer within 48 hours and money in the bank in as little as 7 days. Giving you speed and certainty.
Find the best Estate Agents
Need to sell and want the best agent? Compare your local agents from thousands nationwide. Get no-obligation quotes immediately just by entering your postcode.