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4 bed property, in Stacey Road, £190,000
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4 bed detached house

Stacey Road, Cardiff, Caerdydd CF24
Planning
£190,000

Price History

Initial price £180,000
Current price £190,000
Price Change 0.0%

Our Summary

  • Prime Development Opportunity with Planning for 4 Flats + Further Potential STP
  • Planning permission was approved on 26th October 2020 for the conversion and extension of the property to create four individual apartments
  • • 2 x One-bedroom apartments • 1 x Two-bedroom apartment • 1 x Three-bedroom apartment An exciting and rarely available investment opportunity in the heart of CF24, ideally positioned for strong rental demand and future growth
  • The property itself requires full refurbishment, providing investors and developers with a clear opportunity to add significant value and deliver a high-quality finished product
  • Further enhancing the potential, there is additional scope to pursue planning permission for a coach house to the rear of the garden, offering the possibility to maximise density and overall GDV (subject to necessary consents)
  • Key Highlights: *Large garden opportunity to build coach house • Strong rental location (CF24) • Value-add refurbishment project • Further development potential (STP) • Ideal for experienced developers & investors Opportunities of this nature, with planning already secured in such a sought-after area, are seldom available
  • This property is currently in a condition that may be considered a building site or in need of substantial renovation and/or construction works

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Description

The property is a former residential home that has been granted planning permission for conversion and extension into four individual apartments. The proposed scheme includes: two one-bedroom apartments, one two-bedroom apartment, and one three-bedroom apartment. The property itself requires full refurbishment and there is additional scope to pursue planning permission for a coach house to be built in the rear garden, potentially allowing for maximisation of density and overall gross development value (GDV), subject to necessary consents.