Our Summary

• *****INVESTMENT OPPORTUNITY WITH APPROVED PLANNING FOR CONVERSION INTO 8 STUDIO APARTMENTS OR LARGE HOUSE IN MULTIPLE OCCUPATION (HMO)*****3 Bedroom End of Terrace Property with Approved Planning PermissionsIdeally located within walking distance of Cardiff University, this three-bedroom end-of-terrace property in need of total renovation, offers an excellent opportunity for investors or developers
• The property benefits from two approved planning permissions, providing multiple options for redevelopment and maximising rental yield
• Planning Permissions - 1
• Conversion into Studio Apartments: Planning permission (ref: 22/00235/MNR) allows for the conversion of the existing house into 8 studio apartments, with selective demolitions, as well as rear, side, and second-floor extensions
• Change of Use to a Large HMO: Alternatively, planning permission (ref: 21/02586/MNR) permits the change of use to a large House in Multiple Occupation (HMO), including a rear three-storey extension, single-storey extension, and rear dormer
• Location - Located in a vibrant area with easy access to local amenities, transport links, and Cardiff University, this property offers great potential for a high-yielding investment
• Key Features - Prime location within walking distance of Cardiff UniversityTwo approved planning permissions for redevelopmentPotential to develop student accommodation or large HMOHigh rental demand in the surrounding areaThis property represents a unique opportunity for renovation and development, with significant potential for return on investmentTenure - This property is understood to be Freehold