Summary - 23, Fitzroy Street CF24 4BL
3 bed 1 bath End of Terrace
Ready-let income close to Cardiff University for hands-off landlords.
Let until June 2026 at £1,650 pcm (approx gross yield ~8%)
This three-bedroom end-of-terrace in central Cathays is positioned for reliable student rental income, currently let until June 2026 at £1,650 pcm (approximate gross yield ~8%). The house is compact but practical, with a spacious front lounge and a generous kitchen/diner that works well for sharers. A private enclosed yard provides useful outdoor space and rear access.
Constructed c.1900–1929 with solid brick walls and double glazing, the property benefits from mains gas central heating via boiler and radiators. Two large double bedrooms upstairs, a third bedroom, and a single bathroom make it suitable for three occupants. The freehold tenure and central location close to Cardiff University and the Student Union underpin steady demand and easy management for investors.
Buyers should note the property’s limitations: overall size is small, plot space is limited, and walls are likely uninsulated (period solid brick). The area scores as very deprived, which affects long‑term capital growth prospects, and the house has only one bathroom. The tenancy is in place until June 2026, so any change of use or vacant-possession plans will be subject to that lease.
For a landlord seeking hands-off, near-term rental returns in a proven student neighbourhood, this property offers a straightforward investment with clear income. Those wanting significant capital uplift should budget for targeted improvements (insulation, cosmetic updates) and weigh local area indicators before purchase.
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