CPS Homes

Surge of Cathays and Roath properties for sale expected

CPS Homes for RentMore and more clients have asked us about selling their property in recent months; particularly those in the outer parts of Cathays and all over Roath, where the effect of the competitive Cardiff student letting market is being felt the most.

Houses that would have normally rented in January/February are still on the lettings market, forcing landlords and agents to cut deals that include;

  • Dropping bedrooms to create extra reception rooms.
  • Putting extra bathrooms in smaller bedrooms.
  • Generally upgrading properties sooner than previously expected.

Naturally, the above comes at a cost that not all landlords are able to meet, so a good deal are choosing to exit the buy-to-let market and put their properties up for sale.

With investor purchase enquiries up by nearly 200% since the turn of the year, there’s clearly a demand to create or expand property portfolios, so our advice to landlords considering selling is that there will almost certainly be a ready-and-willing buyer around the corner. One of these active purchasers could be your buyer:

Dr Patel: Looking to buy a HMO for his daughter and five friends to share. They require easy reach of the Heath Hospital and six double bedrooms. Max budget £350k.

Mr & Mrs Reid: Already own a couple of HMOs in Cathays and another one in Roath; now looking to add a fourth property to their portfolio. They don't mind something that require considerable work as they completely refurbished their most recent purchase. Ideally a four-bed-let, max budget £280k.

Graham: First-time Cardiff investor, but owns a large HMO in Bristol. With some of the recently-introduced English legislation not in force in Wales (yet!), he thinks it's an ideal time to buy here. Wants a six or seven-bed-let with tenants already secured for the next academic year. Max budget £410k.

To discuss what your home is worth in today's market, please contact Sian Hiatt on 02920 454555 or sian.hiatt@cpshomes.co.uk.

13 May 2019

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