Prime Investment Opportunity – Income-Producing Asset

170–172 Whitchurch Road presents a rare opportunity to acquire a fully converted, investment property in one of Cardiff's most robust and in-demand locations. Completed in 2024 to a high standard, the scheme comprises of nine self-contained residential apartments (seven one-bedroom units and two two-bedroom units) , with each unit held on a separate title—offering exceptional flexibility for investors, funds, or housing providers.

The asset has been successfully operated as serviced accommodation with over £230,000 gross income in 2025, generating a net income of £163,321.53, delivering a strong net yield of 7.4%. This can be an SPV purchase alongside and block purchase on one title.

Residential Accommodation

The apartments are thoughtfully configured and well-proportioned, appealing to both short-stay and longer-term occupiers:

Flat 1 (Ground Floor): 73 sq m
Flat 2 (First Floor): 38 sq m
Flat 3 (First Floor): 40 sq m
Flat 4 (Top Floor): 63 sq m
Flat 5 (Ground Floor): 44 sq m
Flat 6 (Ground Floor): 44 sq m
Flat 7 (First Floor): 45 sq m
Flat 8 (Top Floor): 46 sq m
Flat 9 (Top Floor): 51 sq m
Commercial Unit: 47 sq m

The scheme's design, layout, and recent conversion make it equally suitable for continued serviced accommodation use, private rental, or bulk leasing. Notably, the residential units are currently vacant, creating an immediate opportunity for a housing association or institutional tenant to secure a ready-to-occupy asset without operational disruption. The building has been refurbished to a high standard, offering electronic entry systems to each block and apartment, as well as CCTV throughout. The building comes with circa £100,000 of inventory to continue the SA operation.

Location & Demand Drivers

Situated on Whitchurch Road, one of Cardiff's principal arterial routes, the property benefits from excellent transport links to the city centre, Cardiff University, and surrounding suburbs. Crucially, it is in close proximity to the University Hospital of Wales (Heath Hospital)—one of the largest hospitals in the UK. This has driven sustained demand from doctors, nurses, consultants, and visiting healthcare professionals, making the location particularly resilient and future-proof.

The surrounding area offers a strong mix of amenities, independent retailers, cafés, and services, while also being well connected to public transport and major road networks.

Investment Highlights

Fully converted mixed-use scheme (2024)
9 residential units
7.4% net yield
Strong occupational (72%) demand driven by Heath Hospital proximity
Vacant residential units – ideal for housing association or fund acquisition
Flexible exit strategies: hold, re-gear, or dispose individually

This is a high-quality, income-producing asset in a defensive Cardiff location, offering both immediate returns and long-term capital security. Suitable for private investors, funds, or housing providers seeking scale, stability, and flexibility. For those looking to purchase as a serviced accommodation block will include a full inventory of items per apartment as well continuing with the management company.

My Commercial valuer has approached 13 lenders who have confirmed lending on the development, if required.

Block Of Flats in Cardiff