# 11 bedroom block of apartments for sale (CF24 3AS) ## Property Details | Key | Value | |-----|-------| | Address | 10 RICHMOND ROAD, CARDIFF, CARDIFF CF24 3AS | | Price | £850,000 | | Bedrooms | 11 | | Last sold | £375,000 Jul 2018 | ## Description Situated just outside the vibrant Cardiff City Centre, this exceptional investment opportunity on Richmond Road offers a collection of six luxury self-contained apartments. The property has been meticulously converted into a series of spacious one- and two-bedroom apartments, each thoughtfully designed to provide a contemporary living experience. Each apartment benefits from private parking spaces within a large residents' car park located at the rear of the property, ensuring convenience for tenants. The building itself is a substantial three-story mid-terrace, double-fronted property, offering both charm and practicality. Its prime location places it within walking distance of Newport Road and Queen Street Railway Station, providing easy access to the city center, Cardiff University and surrounding areas. This makes it a highly desirable choice for professionals and students alike seeking a convenient and accessible living space. Given its proximity to transport links and local amenities, the property is a perfect fit for those seeking modern, comfortable living with easy access to Cardiff’s bustling city life, making it an excellent opportunity for buy-to-let investors. Currently let out for £65,100 per annum. Flat 1 - 47 sq meters - EPC D Flat 2 - 47 sq meters - EPC D Flat 3 - 56 sq meters - EPC C Flat 4 - 45 sq meters - EPC C Flat 5 - 43 sq meters - EPC D Flat 6 - 63 sq meters - EPC D The apartments have been carefully designed and finished to a good standard, with each unit equipped with modern kitchens featuring contemporary wall and base units, inset stainless steel sinks, and a full suite of integrated appliances. The kitchens are complemented by spacious living areas, some with breakfast bars, providing an ideal environment for residents to relax and entertain. The living areas are bright and airy, with large uPVC double-glazed windows that let in plenty of natural light. Please note, the property has a Block HMO license in-line with Cardiff Council regulations Each apartment also boasts modern and functional bathrooms, complete with white suites, including shower cubicles, pedestal wash hand basins with chrome mixer taps, and slimline W.C.s. Chrome towel rail radiators are installed in the bathrooms, adding both style and practicality. The flooring throughout is modern, with a mix of carpet, vinyl, and ceramic tiling that enhances the overall aesthetic and ease of maintenance. In addition to the individual apartment features, the property offers a large car park at the rear, which not only serves the residents but also presents an exciting opportunity for further investment or development. With the appropriate planning consents and building regulations in place, this area could be further developed, potentially increasing the property's value and rental yield. This property is in excellent condition, having been fully converted and requiring no immediate work. It presents an ideal turnkey investment for anyone looking to secure a reliable, high-yielding property in a sought-after location. The combination of contemporary design, prime location, and the potential for further development makes this an incredibly attractive proposition for investors. Offered with freehold tenure (pending solicitor confirmation), this property is an outstanding investment opportunity that promises strong rental returns and long-term capital growth potential in one of Cardiff’s most desirable locations. Whether you’re an experienced investor or new to the market, this property is a great addition to any portfolio. **Disclaimer** - Property details are provided by the seller and not independently verified. Buyers should always seek their own legal and survey advice prior to exchange of contracts. Descriptions, measurements and images are for guidance only. Marketing prices are appraisals, not formal valuations. Lease information, including duration and costs have been provided by the seller and have not been verified by Key Executive Sales. Key Executive Sales accepts no liability for inaccuracies or related decisions that may result in financial loss - we recommend you seek advice from your legal conveyancer to ensure accuracy. ## Property Photos - ![HVP-55.jpg](/listings/photos/157780697/2109913) - HVP-55.jpg - ![HVP-57.jpg](/listings/photos/157780697/2109914) - HVP-57.jpg - ![HVP-60.jpg](/listings/photos/157780697/2109915) - HVP-60.jpg - ![HVP-59.jpg](/listings/photos/157780697/2109916) - HVP-59.jpg - ![HVP-1.jpg](/listings/photos/157780697/2109917) - HVP-1.jpg - ![HVP-2.jpg](/listings/photos/157780697/2109919) - HVP-2.jpg - ![HVP-3.jpg](/listings/photos/157780697/2109921) - HVP-3.jpg - ![HVP-18.jpg](/listings/photos/157780697/2109923) - HVP-18.jpg - ![HVP-6.jpg](/listings/photos/157780697/2109925) - HVP-6.jpg - ![HVP-46.jpg](/listings/photos/157780697/2109926) - HVP-46.jpg - ![HVP-47.jpg](/listings/photos/157780697/2109927) - HVP-47.jpg - ![HVP-52.jpg](/listings/photos/157780697/2109928) - HVP-52.jpg - ![HVP-26.jpg](/listings/photos/157780697/2109929) - HVP-26.jpg - ![HVP-27.jpg](/listings/photos/157780697/2109930) - HVP-27.jpg - ![HVP-32.jpg](/listings/photos/157780697/2109932) - HVP-32.jpg - ![HVP-34.jpg](/listings/photos/157780697/2109933) - HVP-34.jpg - ![HVP-28.jpg](/listings/photos/157780697/2109934) - HVP-28.jpg - ![HVP-35.jpg](/listings/photos/157780697/2109935) - HVP-35.jpg - ![HVP-36.jpg](/listings/photos/157780697/2109936) - HVP-36.jpg - ![HVP-30.jpg](/listings/photos/157780697/2109937) - HVP-30.jpg - ![HVP-24.jpg](/listings/photos/157780697/2109938) - HVP-24.jpg - ![HVP-43.jpg](/listings/photos/157780697/2109939) - HVP-43.jpg - ![HVP-39.jpg](/listings/photos/157780697/2109940) - HVP-39.jpg - ![HVP-40.jpg](/listings/photos/157780697/2109941) - HVP-40.jpg - ![HVP-49.jpg](/listings/photos/157780697/2109943) - HVP-49.jpg ## Floorplans - ![10 Richmond Road.jpg](/listings/photos/157780697/2109944) - 10 Richmond Road.jpg ## EPC Graphs - ![EE Rating](/listings/photos/157780697/2109945) - EE Rating ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 10 RICHMOND ROAD, CARDIFF, CF24 3AS | £375,000 | 02/07/2018 | Terraced | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | PASCALL COURT 19 ST PETERS STREET, CARDIFF, CF24 3DH | £148,000 | 27/06/2025 | Flat | | 15 GORDON ROAD, CARDIFF, CF24 3AJ | £185,000 | 28/09/2023 | Flat | | 15 GORDON ROAD, CARDIFF, CF24 3AJ | £165,000 | 28/09/2023 | Flat | | 15 GORDON ROAD, CARDIFF, CF24 3AJ | £125,000 | 28/09/2023 | Flat | | PASCALL COURT 14 ST PETERS STREET, CARDIFF, CF24 3DH | £120,000 | 15/09/2023 | Flat | | RICHMOND COURT FLAT 37 ST PETERS STREET, CARDIFF, CF24 3AZ | £120,000 | 11/08/2023 | Flat | | PENFORD COURT 1 PENLLINE STREET, CARDIFF, CF24 3DF | £93,950 | 05/05/2023 | Flat | | PASCALL COURT 4 ST PETERS STREET, CARDIFF, CF24 3DH | £140,000 | 10/03/2023 | Flat | | PASCALL COURT 26 ST PETERS STREET, CARDIFF, CF24 3DH | £150,000 | 16/12/2022 | Flat | | PASCALL COURT 26 ST PETERS STREET, CARDIFF, CF24 3DH | £150,000 | 16/12/2022 | Flat | | RICHMOND COURT FLAT 18 ST PETERS STREET, CARDIFF, CF24 3AZ | £112,000 | 31/10/2022 | Flat | | PASCALL COURT 8 ST PETERS STREET, CARDIFF, CF24 3DH | £155,000 | 23/08/2022 | Flat | | RICHMOND COURT FLAT 47 ST PETERS STREET, CARDIFF, CF24 3AZ | £110,000 | 24/04/2022 | Flat | | [Same street] 4 RICHMOND ROAD, CARDIFF, CF24 3AS | £525,000 | 30/03/2022 | Semi-detached | | PASCALL COURT 19 ST PETERS STREET, CARDIFF, CF24 3DH | £130,000 | 28/01/2022 | Flat | | [Same street] 20 SECOND FLOOR FLAT RICHMOND ROAD, CARDIFF, CF24 3AS | £175,000 | 21/01/2022 | Flat | | [Same street] 20 RICHMOND ROAD, CARDIFF, CF24 3AS | £155,000 | 21/01/2022 | Flat | | [Same street] 22 RICHMOND ROAD, CARDIFF, CF24 3AS | £600,000 | 21/01/2022 | Other | | [Same street] 20 FIRST FLOOR FLAT RICHMOND ROAD, CARDIFF, CF24 3AS | £180,000 | 21/01/2022 | Flat | | PENFORD COURT 2 PENLLINE STREET, CARDIFF, CF24 3DF | £120,000 | 17/01/2022 | Flat | | PASCALL COURT 12 ST PETERS STREET, CARDIFF, CF24 3DH | £122,000 | 11/01/2022 | Flat | | RICHMOND COURT FLAT 9 ST PETERS STREET, CARDIFF, CF24 3AZ | £97,500 | 04/11/2021 | Flat | **Street average:** £327,000 (5 sales) **Area average:** £131,968 (17 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £158,132 (31 Flat, CF24, 2024–2026) - **Deviation:** +437.5% ## Rental Range *ONS Price Index of Private Rents (Cardiff). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,052/mo - **Realistic:** £1,169/mo - **Optimistic:** £1,286/mo ## 1% Rule - **Rent ratio:** 0.14% (weak for cashflow) - **Max investor price (0.8%):** £146,125 - **Target investor price (1%):** £116,900 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on Area rent estimate.* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 22.4% - **10y growth:** 41.7% ## House Price Index (HM Land Registry) *Official index for Cardiff; Flats and maisonettes series; as of May 2026.* - **1y growth (index):** -0.2% - **5y growth (index):** 8.8% - **10y growth (index):** 30.3% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)