Initial price	£575,000
06/03/25	£560,000
Price Change	-2.61%

This expansive property in Penylan, Cardiff, presents a prime development opportunity to convert it into 6 apartments, with approved plans already in place. Currently operating as a 9-bedroom HMO, the property is situated in a sought-after area, close to amenities and surrounded by historic charm. The development will feature 5 two-bedroom and 1 one-bedroom apartments, spread across three floors, with ample space for landscaping and communal areas. The property's generous plot size of 0.11 acres ensures a lucrative investment, with potential for a high return on investment both financially and in the lasting legacy it will provide to the community. With no onward chain status and a valuation of £1,700,000 by Savills in 2020, this development opportunity is not to be missed for established developers or those looking for their next project.