Harry Harper Sales & Lettings says ..

Property Oracle says ..

This property at The Retreat, Penylan, Cardiff is a six-bedroom, five-bathroom house currently listed for £575,000. The property is presented as a potential development opportunity, with approved plans to convert it into six apartments. The existing structure appears to be in need of modernisation. The interior photos reveal dated furnishings and finishes which could detract from value in its current state. It would likely require a significant investment to bring it up to a modern standard suitable for a family home or individual apartment sales. The external photos illustrate a house in need of some exterior maintenance; the paintwork is visibly weathered, and some landscaping is required. The property has a garden, although it seems relatively small and in need of some work, the size is not clearly indicated. The location in Penylan is advantageous; this area of Cardiff is generally popular. It offers close proximity to amenities and parks, and is within reasonable travelling distance of Cardiff city centre via public transportation. While the potential for conversion into apartments exists, the feasibility and profitability would need to be carefully investigated, taking into account potential renovation costs, and the current market conditions of apartments in that specific area. Overall, the property presents both opportunities and challenges and requires careful evaluation by a prospective buyer given the existing state of the property and the proposed project.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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