Best areas to invest in property in Cardiff

Looking to invest in Cardiff for maximum ROI and rental yield benefits? Discover the top buy-to-let and rent-to-let property investment opportunities available in Cardiff today.

Best areas to invest in Cardiff

1. Cathays

Cathays presents a strong property investment opportunity in 2024, with occupancy rates projected to remain above 96% and a steady demand for housing, making it an attractive market for investors seeking stable returns.

• Housing: Mix of Victorian terraces and modern apartments; affordable to mid-range prices
• Amenities: Plenty of student-oriented shops, cafes, and bars; Cathays Park
• Transport: Walking distance to the city center, well-connected bus routes
• Notable: Popular student area near Cardiff University; high rental demand from students and young professionals

2. Cardiff Bay

Cardiff Bay offers high investment opportunities in 2024 due to regeneration, rental demand, and diverse properties appealing to residents and tourists.

• Housing: Modern apartments and waterfront properties; mid to high-range prices
• Amenities: Wales Millennium Centre, restaurants, bars, Cardiff International White Water
• Transport: Cardiff Bay train station, good bus connections, water taxi
• Notable: Ongoing regeneration; attractive to young professionals and tourists

3. Pontcanna

Pontcanna, Cardiff, is a prime investment location for 2024 due to its appeal to young professionals and families, and steady property value growth.

• Housing: Victorian and Edwardian houses, some converted flats; mid to high-range prices
• Amenities: Independent shops, cafes, Pontcanna Fields, Llandaff Fields
• Transport: Close to city center, good bus routes
• Notable: Affluent area popular with families and professionals; steady property value appreciation

4. Roath

Roath offers diverse property types, appealing to young professionals, families, and students. Its proximity to Cardiff city center enhances rental demand, making it a promising area for property investment in 2024.

• Housing: Mix of terraced houses and converted flats; affordable to mid-range prices
• Amenities: Roath Park, a diverse range of shops and restaurants on Albany Road
• Transport: Well-connected bus routes, within walking distance to the city center
• Notable: Popular with young professionals and families; vibrant multicultural community

5. Penarth

Penarth offers strong property investment potential in 2024, driven by high demand for waterfront apartments and government-backed housing projects.

• Housing: Victorian and Edwardian houses, some new builds; mid to high-range prices
• Amenities: Penarth Pier, independent shops, restaurants, Alexandra Park
• Transport: Penarth train station, good bus connections to Cardiff
• Notable: Seaside town with good schools; attractive to families and commuters to Cardiff

What is the average rental yield in Cardiff?

The average rental yield in Nottingham is approximately 5.1%, based on data from propertydata.co.uk. The highest rental yield recorded is 7.7% in the CF37 postcode district, while the lowest is 3.8% in the CF23 and CF38 postcode districts.

Contact Pluxa Property to explore all property investment opportunities in Cardiff

Pluxa Property, the leading property investment firm in the UK, can help you explore areas with high-ROI opportunities in the Cardiff market. 

With over 10 years of expertise, we offer a wide range of services, including:

• Rent to serviced accommodations
• BRRR investments
• Buy to serviced accommodations in UK

Our team of experts can assist you in finding the right property, negotiating the best terms, and implementing effective management strategies to maximize your returns.

👉 Contact Pluxa Property today to start your property investment journey in Cardiff.

FAQs About Cardiff

Is Cardiff a good place to invest in?

Yes. Cardiff is a promising investment destination in 2024, offering strong rental yields and steady property price growth. The city’s average rental yield of 5%, with some areas reaching up to 7.6%, makes it attractive for buy-to-let investors. Additionally, Cardiff’s property prices have risen by 240% over the last two decades, significantly higher than the national average. The city’s thriving economy, large student population, and ongoing regeneration projects further enhance its appeal for real estate investments.

What is the average monthly private rent in Cardiff?

As of June 2024, the average monthly private rent in Cardiff is £1,026. This reflects an 11.7% increase from £919 in June 2023, surpassing the overall rise in Wales, which was 8.2% over the same period.

Is Cardiff a good place for rent to let?

Yes, Cardiff is an excellent place for rent-to-rent investments, boasting a thriving rental market supported by a diverse population of 400,000, including 80,000 students. With average rental yields around 6% and ongoing urban regeneration, the city presents substantial growth potential for landlords.

What is the estimated payback period for rent to rent in Cardiff?

The estimated payback period for Rent to Rent in Cardiff is approximately 4 months, according to Pluxa Property. This timeframe is based on typical market conditions and investment strategies in the area.

How much initial investment do you need to invest in Cardiff for rent to rent?

Investing in a rent-to-rent deal in Cardiff through Pluxa Property requires an estimated average initial investment of £10,000- £12000. This could generate an estimated monthly profit of £1,704, leading to a total profit of £102,228 and an impressive ROI of 272%.