7 Bed Flat, Single Let, Cardiff, CF24 4DA, £550,000

Richards Street, Cardiff, CF24 4DA - 2 views - 2 years ago

BTL
~217 m²
+7 photos

Valuation

Sold PricesNo enough data locally

 

 

Square Metres

~217 m²

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Total Cash In

£170,200

 

 

Cash Out

 

Rent Range

£1,350 - £4,750

Rent Estimate

£1,489

Running Costs/mo

£2,037

Cashflow/mo

£-548

Cashflow/yr

£-6,571

Gross Yield

3%

Local Sold Prices

Not enough data

Local Rents

50 rents from £1.4K/mo to £4.8K/mo, average is £3.3K/mo.

RentDateDistanceAddressBeds 
£1,57512/240.02 miRichards Street, Cardiff3
£3,76012/240.03 miHarriet Street, Cardiff(City), CF248
£4,00012/240.04 miHarriet Street, CATHAYS, CARDIFF8
£3,95012/240.04 miHarriet Street, Cathays, CF2410
£3,76012/240.05 miRichards Street, Cardiff(City), CF248
£3,75012/240.05 miRichards Street, Cardiff6
£3,90012/240.06 miHarriet Street, Cathays, CF2410
£4,05012/240.06 miHarriet Street, Cathays, CF249
£4,05012/240.06 miHarriet Street, Cardiff9
£3,36012/240.07 miFitzroy Street, Cathays, Cardiff, CF24 4BL7
£1,72503/250.1 mi-3
£4,50012/240.11 miWoodville Road, Cardiff, CF2410
£1,35002/250.11 mi-3
£1,80012/240.12 mi-3
£1,70012/240.12 mi-4
£1,70012/240.12 mi-4
£2,85012/240.13 miRhymney Street, Cardiff(City), CF246
£4,20012/240.14 mi-8
£3,00012/240.14 miWyeverne Road, Cardiff6
£4,75012/240.14 miWyeverne Road, Cardiff10
£3,32512/240.14 miWyeverne Road, Cardiff(City), CF247
£1,80012/240.14 miCogan Terrace, , 3
£3,60012/240.14 miRhymney Terrace, Cardiff(City), CF248
£2,70012/240.14 miRhymney Terrace, Cardiff(City), CF246
£4,02512/240.15 miRhymney Terrace, Cathays7
£4,02512/240.15 miRhymney Terrace, Cathays7
£3,60012/240.15 miWyeverne Road, Cathays, CF24 4BH8
£4,05012/240.16 miMiskin Street, Cathays, Cardiff9
£4,05012/240.16 miMiskin Street, Cathays, Cardiff9
£4,05012/240.16 miMiskin Street, , 9
£3,45012/240.16 miWyeverne Road, Cardiff, CF246
£2,37512/240.17 miFlora Street, Cathays5
£3,32512/240.17 miLlandough Street, Cardiff(City), CF247
£1,35012/240.18 miCrwys Road, Cathays, Cardiff, CF24 4NL3
£1,94012/240.18 miRhymney Street , Cardiff 4
£1,65012/240.18 miRichmond Road, Roath3
£3,57012/240.18 miFlora Street, Cardiff6
£1,70012/240.19 mi-4
£1,70003/250.19 mi-4
£3,52012/240.2 miRuthin Gardens, Cardiff8
£2,08012/240.2 miMinny Street, Cathays, Cardiff4
£2,00012/240.2 miCathays Terrace, Cathays, Cardiff5
£1,50012/240.2 miCathays Terrace, Cathays, Cardiff3
£1,84012/240.2 miCathays Terrace, Cathays, Cardiff4
£1,57512/240.21 miRichmond Road, Cardiff3
£3,15012/240.21 miMiskin Street, Cardiff(City), CF247
£2,70012/240.21 miMiskin Street, Cardiff(City), CF246
£2,70012/240.21 miMiskin Street, Cardiff(City), CF246
£3,36012/240.21 miMiskin Street, Cardiff7
£3,46512/240.22 miMinister Street, Cardiff(City), CF247

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

0.93 miles away

Nearest school

0.40 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £550,000

July 12, 2023

Floor Plans

Description

  • Investment Opportunity +
  • No Chain +
  • Four Flats +
  • Work Required +

Introducing this great investment opportunity of a freehold property which is made up of four self-contained apartments.

The property comprises of a one-bedroom apartment and a two-bedroom apartment with garden access to the rear on the ground floor. On the first floor you will find a two-bedroom apartment at the rear of the property and a two- bedroom duplex apartment to the front leading up to the attic level with one bedroom including a shower-room.

Flat 1: 1 Bedroom - £800

Flat 2: 2 Bedroom - £1000

Flat 3: 2 Bedroom - £1200

Flat 4: 2 Bedroom (Two Bathrooms) - £1200pcm

9.6% Gross Yield

The property does require some updating throughout.

Flat 1 - Kitchen Ground Floor - 3.50m x 3.50m (11'5" x 11'5" ) - Green Splash back tiling, Electric Hob, Indesit Oven, Wall mounted extractor hood, mixture of overhead and base units. Bosch Washing machine and freestanding Bosch fridge/freezer. Bay Window to front with dining and living space (Approximate measurements into bay window).

Bedroom Ground Floor - 3.00m x 2.70m (9'10" x 8'10") - Laminate Flooring with door leading large window to rear, accommodates double bed and space for storage drawer units and wardrobe. Spotlight lighting.

Flat 2 - Kitchen Ground Floor - 4.55m x 5.20m (14'11" x 17'0") - Green Splash back tiling, Gas Hob, Lamona Oven, Bosch Dishwasher, Wall mounted extractor hood, mixture of overhead and base units. Zanussi Washing machine and freestanding Bosch fridge/freezer. Dining and living space.

Bedroom Ground Floor - 3.55m x 2.60m (11'7" x 8'6") - Laminate Flooring with door leading window to rear, accommodates double bed and space for storage desk unit and wardrobe. Spotlight lighting

Rear Bedroom Ground Floor - 2.45m x 3.60m (8'0" x 11'9" ) - Laminate Flooring with door leading to rear garden, accommodates double bed and space for storage drawers and wardrobe. Spotlight lighting.

Flat 3 - Kitchen First Floor - 4.30m x 4.50m (14'1" x 14'9") - Green Splash back tiling, Gas Lamona Hob, Oven, Wall mounted extractor hood, mixture of overhead and base units. Bosch Washing machine and freestanding Bosch fridge/freezer. Dining and living space. Approximate measurements into corners

Rear Bedroom First Floor - 2.90m x 2.80m (9'6" x 9'2" ) - Laminate Flooring with door leading window to rear, accommodates double bed and space for storage desk unit and wardrobe. Window to rear and spotlight lighting.

Front Bedroom (First Floor) - 2.80m x 2.80m (9'2" x 9'2") - Laminate Flooring with door leading window to rear, accommodates double bed and space for storage desk unit and wardrobe. Window facing rear and spotlight lighting.

Flat 4 - Kitchen First Floor - 4.65m x 3.30m (15'3" x 10'9" ) - Green Splash back tiling, Gas Lamona Hob, Oven, Wall mounted extractor hood, mixture of overhead and base units. Statesman washing machine and freestanding Bosch fridge/freezer. Window to front with dining and living space. Laminate flooring and spotlight lighting

Rear Bedroom Second Floor - 2.90m x 2.50m (9'6" x 8'2") - Laminate flooring, accommodates double bed and space for storage drawer unit and wardrobe. Window facing rear and spotlight lighting.

Front Bedroom Second Floor - 4.60m x 3.25m (15'1" x 10'7") - Laminate flooring, accommodates double bed and space for storage drawer unit and wardrobe. Velux window facing rear, eaves storage and spotlight lighting.

Agent Details

Key Executive Sales, Cardiff

029 2271 1634

Next Steps?

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