Turnkey three-flat Victorian conversion near Cardiff University, income from day one.
Fully tenanted conversion: 2 x 3-bed flats, 1 x 1-bed flat
Quoted gross yield approximately 8.1% (immediate income)
Good decorative order; modern kitchens and double glazing
Main gas central heating with boiler and radiators
Only two bathrooms serving seven bedrooms (limited amenities)
Small plot and narrow frontage; modest rear/outdoor space
On-street permit parking only; no private driveway parking
Local area: above-average crime and high deprivation levels
A rare turnkey buy-to-let in Roath delivering an immediate income stream. The end-of-terrace Victorian building has been converted into three self-contained flats (two x 3-bed, one x 1-bed) and is fully tenanted, producing a quoted 8.1% gross yield. Flats are presented in good decorative order with modern kitchens, double glazing and gas central heating, reducing short-term capital expenditure for a new owner.
The layout and location are the primary value drivers: close walking distance to Cardiff University, city-centre transport links and local amenities that sustain strong student and professional demand. The property’s solid brick construction and high ceilings retain period character while internal improvements create practical, lettable accommodation across seven bedrooms.
Buyers should note key constraints honestly. The site and garden are small and frontage is narrow, typical for inner-city terraces. There are only two bathrooms across seven bedrooms, which can affect tenant turnover and amenity expectations. The area shows above-average crime statistics and ranks as very deprived, factors that can influence management requirements and insurance costs.
Overall this is a high-yield, low-fuss investment for an experienced landlord or portfolio buyer seeking immediate rental income in a proven student/professional market. The building’s condition and current tenancy structure allow for a straightforward ownership transition; factor in the small plot, limited communal amenities and local area risks when assessing long-term growth and management plans.
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