Where in Cardiff should I purchase my investment property?
Three universities, a plethora of graduates and aspiring young professionals, plus the recent extensive generation of the Cardiff Bay area and completion of St David’s 2 in the city centre, means the number of investment opportunities in Cardiff is high.
Some of the most popular areas amongst investors are below;Cardiff Bay
Regarded as one of the most successful regeneration projects in the UK, Cardiff Bay is steeped in history and is now home to thousands of people across many different housing developments. The demand for property here is strong, and returns can be excellent if the purchase price is correct and expected rental levels are realistic.Cathays
Situated in close proximity to Cardiff city centre, Cathays is the base for Cardiff University’s Cathays Park and Maindy campuses, so is home to the vast majority of Cardiff’s student population. Though they have to travel a little further, students attending the nearby Cardiff Metropolitan University, University of South Wales and ATRiuM regularly choose to live here too, such is the strong student community feel. Cardiff University has big plans for expansion and leads the way in many different areas of research, so with a seemingly unwavering demand for housing in this part of Cardiff, it's an excellent place to convert previous family homes to HMOs (Houses in Multiple Occupation) or blocks of flats.Roath
A real mix of young professionals, families and students, Roath provides opportunity for investors to restore family homes or turn them into HMOs (Houses in Multiple Occupation). Slightly further away from their place of study for most students, it’s important to know the market demand before committing to buying anything here. That said, its close proximity to the city centre means a good, quality property in Roath will almost always attract tenants.Cardiff city centre
With high demand and limited availability due to a relatively small space, Cardiff city centre provides many opportunities for investors. There is less opportunity to develop in this part of Cardiff, but with the recent renovation of St David's 2 and the creation of Hayes Apartments and Meridian Plaza, investment opportunities are rife.