Stacey Road, Cardiff, Caerdydd, CF24 Property for sale

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. Speak to branch for portal reference.

• 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 proposed scheme offers an excellent mix of units, perfectly suited to the local rental market, appealing to professionals, couples, and small families alike.

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).

Located on Stacey Road, a well-established and popular residential area within proximity to Cardiff City Centre, local amenities, universities, and excellent transport links, this is a prime spot for a profitable development.

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. Viewers should exercise caution when visiting the premises, as hazards typical of such environments may be present, including but not limited to uneven surfaces, unfinished structures, exposed materials, and restricted access areas. Due to this, there will be no access to the upstairs area of the property.

All prospective purchasers are advised that the property is being sold in its current condition ("as seen") and no warranties or guarantees are provided regarding the state of the structure, utilities, or compliance with building regulations. Interested parties should carry out their own due diligence, surveys, and professional inspections prior to making any commitment to purchase.

Early interest is strongly recommended.

Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.