A plethora of parks, nearby mountains, beautiful coast and castles a-plenty, make Cardiff a particularly lovely place to live. With abundant sporting events at the Millennium Stadium, brilliant shopping and a wide range of both chain and independent shopping, the capital city of Wales really does offer something for everyone.
Voted the UK’s most sociable city Cardiff is a small and super-friendly city by the sea. It’s also got a fantastic location near the Brecon Beacons, the Gower peninsula, Bristol, and is just 150 miles from London so whether you’re a keen urbanite or you’re looking for peace and tranquillity at the end of the working week, Cardiff really is a good bet.
For culture vultures, Cardiff has a well-established circus school, an independent cinema, the Welsh National Opera, and a pretty serious graffiti project, this little city gives you a lot of cultural bang for your buck.
Cardiff is a heck of a lot cheaper than most major British cities. This makes it ideal for young families and for those with lower incomes – especially as there are a high proportion of renters. The average rent for a one-bed property is £550 per calendar month, and this rises to £1,110 per month for a four-bed home. Much cheaper than London despite being a capital city.
So where should you invest?
Butetown is popular amongst young professionals, is one of the original multi-cultural areas of Cardiff, and home to the largest Somali community outside Somalia. It lies to the south of the city and is currently undergoing a period of intense investment so it may be possible to opt into a new-build or off-plan property. There are a high proportion of renters and a range of properties to suit those looking to invest at the lower end of the property market.
Cathays is the student area of Cardiff. It’s also apparently famous for its wheelie bin relay course, and for kamikaze fighter pigeons. With a maze of terraced streets and plenty of bars and take-aways, this area is really geared toward the student market with over half the population students of the university. The area includes Cardiff University’s large campus, and Cathays Park. A whopping 64% of homes in Cathays are rental properties, which means it’s a sure bet for investors looking to let to the student market. There is also a burgeoning community of young families taking advantage of low rent so this is also something to consider.
Famed for its cathedral and for schooling Roald Dahl, Llandaff is one of Cardiff’s more expensive areas. However, thanks to its location in the vicinity of both the hospital and the university and its great transport links to the city centre, Llandaff could be a smooth move. Consider the near-constant influx of doctors and lecturers all needing short-term lets while they look for permanent accommodation. If you have the budget for Llandaff, you could well find yourself letting to careful tenants, and with the potential for a great yield.
In summary, tiny Cardiff with all it has to offer both on and off the grid, makes for a smart investment location. From the tiniest to the mightiest of budgets, this city really does have something for every investor. As ever, make sure you do your ground research before you make any financial commitment.