3 Clive Crescent, Penarth, CF64 1AT

Description

A substantial, semi-detached property. The accommodation currently comprises of a lower ground floor, three-bedroom, self-contained apartment with scope for re-configuration and a self-contained, ground floor, two-bedroom apartment. To the first floor are 3 refurbished studio rooms with a shared bathroom, whilst the top floor contains a large one-bedroom apartment, again with scope for re-configuration. The property is now vacant and we have been informed that it was previously producing a gross annual income of £55,140 per annum. However, the income was substantially below current market rent. In our opinion, the accommodation could provide a gross rental amount of circa £65,000-£70,000 per annum. There may also be an opportunity to split the title and sell individually, or alternatively, convert the accommodation into one dwelling with re-sale figures suggesting, in our opinion, a value in excess of £1M.

Accommodation

Lower Ground Floor: Entrance, lounge, kitchen, three rooms and a bathroom. Ground Floor: Entrance porch, living room / kitchen, two bedrooms and a bathroom. First Floor: Entrance, three studio rooms and a bathroom. Second Floor: Lounge, kitchen, bathroom and one bedroom.

Location

Penarth is a very sought after seaside town, benefiting from a Victorian Esplanade and Pier at the beach front, with numerous eateries, bars and boutiques being present along within the town centre. Excellent schooling is also available, along with Cardiff Bay and the Barrage being within walking distance. There are excellent public transport links to Cardiff City Centre and Barry, good access is provided to the A4232/A48 and M4. Penarth has also received many accolades over the years, such as "Best Best Place To Live" by The Times in 2025, being just one.

Tenure / Property Information

Investment Analysis

The strongest completed-sale evidence is the same property at 3 Clive Crescent, recorded at £610,000 on 28 November 2025. This supports a base current market-value indicator of £610,000, although the present apartment configuration, vacant condition and any changes since that sale are not evidenced. The auctioneer's statement of resale value in excess of £1M relates to potential conversion into one dwelling and is not a quantified valuation. No sufficiently specific external rental comparables were identified.

Investment Snapshot

Strategy Recommendation

Investigate as a multi-unit buy-to-let opportunity, subject to verifying lawful configuration, title, achievable rents and refurbishment requirements. Do not rely on the unquantified £1M-plus conversion statement without independent valuation and planning/compliance advice.

Works Required

Obtain professional inspection and establish the scope and cost of any reconfiguration, compliance or upgrade works. The description identifies scope for reconfiguration in the lower-ground and top-floor apartments, but does not quantify required works or defects.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the same-address completed sale as a £610,000 GDV indicator, 75% refinancing equates to £457,500. A cash-left-in calculation cannot be completed because refurbishment costs, total acquisition costs and other special-condition fees are not provided. The strategy requires confirmation of title, lawful use, mortgageability and the cost of any reconfiguration or compliance works.

Buy-to-Let Analysis

The auctioneer estimates gross rent of £65,000–£70,000 per annum, equivalent to approximately £5,416.67–£5,833.33 pcm. Against the £499,000 guide, this indicates a gross yield of approximately 13.03%–14.03%, or 13.53% using the midpoint estimate. This is based on an estimate rather than achieved or externally benchmarked rent; operating costs, voids, management, compliance and finance costs are not supplied.

Flip Analysis

A direct same-address completed sale at £610,000 provides the principal resale evidence. However, refurbishment costs, selling costs, legal costs and any required compliance or reconfiguration expenditure are unavailable, so a reliable flip surplus or maximum bid cannot be calculated. The stated potential value above £1M relates to conversion into one dwelling and is not a formal or quantified valuation.

Investor Risks & Due Diligence

• Tenure and title arrangements are stated to be subject to the legal pack.

• The property is vacant and the £65,000–£70,000 rent is an auctioneer estimate rather than passing or achieved rent.

• No sufficiently specific external rental comparables were identified.

• The cost and extent of reconfiguration, compliance or refurbishment works are unknown.

• Special-condition fees and other acquisition costs are not quantified.

• The potential value in excess of £1M for conversion into one dwelling is unquantified and requires independent verification.

• Gross rental yield excludes operating costs, voids, management, finance and tax.

Recommendation

Investigate as a multi-unit buy-to-let opportunity, subject to verifying lawful configuration, title, achievable rents and refurbishment requirements. Do not rely on the unquantified £1M-plus conversion statement without independent valuation and planning/compliance advice.

Strategy Rating

Analysis Confidence

There is strong direct same-address sale evidence and an auctioneer rental range, but no external rental comparables, refurbishment budget, full fee schedule, confirmed tenure or quantified single-dwelling valuation.