Summary - 62 CONNAUGHT ROAD CARDIFF CF24 3PW
5 bed 2 bath Block of Apartments
Two-apartment freehold near Cardiff centre with HMO income potential.
Two large self-contained apartments with five double bedrooms total
Chain-free freehold; active HMO licence for upper flat
Forecasted rental income £36,800 per annum
Private rear garden with lane access for ground-floor flat
Victorian character: tall ceilings, sash windows, period features
Small overall footprint (approx 388 sq ft); compact investment
Above-average local crime; area classed as very deprived
External brickwork needs modernisation; walls likely uninsulated
A rare freehold block on Connaught Road offering two large apartments and immediate rental potential. The ground-floor garden flat has two double bedrooms and direct private garden access; the first-floor, split over two levels, provides three double bedrooms and an active HMO licence. Both flats have been maintained and sit in a period Victorian building with tall ceilings and sash windows, attractive to long-term tenants, students and professionals.
Forecasted gross rental income is £36,800 per year, making this a strong yield opportunity for investors seeking a compact, city-centre asset. The property is chain-free and benefits from mains gas central heating, double glazing and excellent mobile and broadband connectivity — useful for letting to students and working professionals.
Buyers should note the immediate context: the street lies in a very deprived area with above-average crime levels, and the building’s brickwork and some external elements would benefit from modernization. The block is small (approximately 388 sq ft overall) and has only two bathrooms for five bedrooms, which may limit certain lettings or require management attention. The external walls are original stone/limestone with no assumed insulation, so energy performance upgrades could be needed.
This is a hands-on investment: solid current income and an HMO licence counterbalanced by local area challenges and some maintenance/modernisation requirements. Suited to investors or landlords prepared to manage a compact, cash-generating freehold close to Cardiff city centre.
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