2 Bed Flat, Planning Permission, Cardiff, CF14 3AL, £135,000

Parkfield house, North Road, Gabalfa, CF14 3AL 3AL (Ref: 10173) - 2 views - a year ago

Leasehold
Planning
ROI: 9%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£82K - £329K
Sold Prices/m²£1.4K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£166,050
BMV23%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£925 - £2,500

Rent Estimate

£925

Running Costs/mo

£627

Cashflow/mo

£298

Cashflow/yr

£3,578

ROI

9%

Gross Yield

8%

Local Sold Prices

24 sold prices from £82K to £329K, average is £203.5K. £1.4K/m² to £4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£210K01/210.05 mi151, North Road, Cardiff CF14 3AF2
£97K10/230.61 miFirst Floor Flat, 366, North Road, Cardiff CF14 3BP2
£239.9K01/210.7 miFlat A, 1, Gileston Road, Cardiff CF11 9JS2
£153K12/200.71 mi9a, Cathays Terrace, Cardiff CF24 4HS2
£122K01/210.71 mi49, Catherine Street, Cardiff CF24 4EF2
£260K08/210.72 mi192a, Cathedral Road, Cardiff CF11 9JE2
£150K01/210.74 mi30, Cathays Terrace, Cardiff CF24 4HX2
£329K03/210.82 mi95a, Severn Grove, Cardiff CF11 9EQ2
£175K04/210.87 miFlat 2, Forest Court, Severn Grove, Cardiff CF11 9EP2
£280K03/230.9 mi41, Llanfair Road, Cardiff CF11 9QA2
£197K02/230.91 mi263a, Allensbank Road, Cardiff CF14 3RA2
£217K04/210.91 miFlat 5, Fairoak Court, Lady Mary Road, Cardiff CF23 5PD2
£220K06/230.91 miFlat 19, Fairoak Court, Lady Mary Road, Cardiff CF23 5PD2
£252K02/210.92 mi81a, Ninian Road, Cardiff CF23 5EN2
£285K07/230.93 miFlat 3, Pontcanna Court, Cardiff Road, Llandaff, Cardiff CF5 2AS2
£155K09/230.93 mi53, Heath Mead, Cardiff CF14 3PJ2
£157K11/220.93 mi85a, Aberporth Road, Cardiff CF14 2PP2
£190K03/210.94 mi20a, Llanfair Road, Cardiff CF11 9QB2
£255K02/210.96 miApartment 4, The Glas, Conway Road, Cardiff CF11 9PF2
£82K12/220.97 miFlat 63, Rhosilli House, The Crescent, Llandaff, Cardiff CF5 2DL2
£180K11/200.97 miFlat 73, Reynoldston House, The Crescent, Llandaff, Cardiff CF5 2DL2
£195K07/230.97 miFlat 13, Stembridge House, The Crescent, Llandaff, Cardiff CF5 2DL2
£220K11/210.99 mi15, Penhill Close, Cardiff CF5 1EA2
£210K11/231 miFlat 4, Dulwich House, Pencisely Road, Cardiff CF5 1DG2

Local Rents

35 rents from £925/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,30004/250.06 mi-2
£1,10012/240.25 miNewfoundland Road, Heath2
£1,15012/240.27 mi-2
£97512/240.28 miWhitchurch Road, Heath, Cardiff, CF142
£2,50003/250.31 mi-2
£1,40012/240.35 miWhitchurch Road, Cardiff2
£1,25012/240.37 miNorth Road, Cardiff2
£1,25012/240.37 miNorth Road, Cardiff2
£97512/240.38 miGround Floor Flat Llanishen Street, Cathays, Cardiff, CF142
£1,50004/250.39 mi-2
£1,32512/240.4 miRhigos Gardens Cardiff2
£1,32512/240.4 miRhigos Gardens Cardiff2
£1,40012/240.4 miRhigos Gardens Cardiff2
£1,25012/240.41 mi-2
£1,20012/240.41 mi-2
£1,25003/250.41 mi-2
£1,20012/240.41 miWhitchurch Road, Cardiff, CF142
£1,40003/250.43 mi-2
£1,10003/240.43 miLock Keepers Court, CF102
£1,05003/240.43 miLock Keepers Court, CF10 3EZ2
£1,45012/240.43 mi-2
£1,05012/240.46 miAllensbank Road, Heath, Cardiff2
£1,00012/240.53 miCathays Terrace, Cathays, Cardiff2
£92503/240.55 miColum Road, Cathays2
£92503/240.55 miColum Road, Cathays2
£1,20012/240.57 miNorth Road, Cardiff, CF142
£1,20012/240.57 mi-2
£1,20012/240.57 mi-2
£1,20004/250.57 mi-2
£99502/240.61 mi-2
£1,20012/240.61 miNorth Road, Cardiff(City), CF142
£1,20010/230.61 mi-2
£1,10012/240.61 mi-2
£2,50003/250.61 mi-2
£1,20003/240.61 miColum Road, Cathays2

Local Area Statistics

Population in CF14

77,733

Population in Cardiff

357,494

Town centre distance

0.23 miles away

Nearest school

0.10 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £135,000

November 24, 2023

Floor Plans

Description

  • 2 Spacious Bedrooms +
  • Walking distance to Bute Park +
  • City Location +
  • Allocated Parking +
  • No Chain +
  • Investment Opportunity +
  • Furnished +
  • Vacant Possession +

*INVESTMENT OPPORTUNITY*
Cardiff Estates and Lettings are pleased to offer this Top Floor two bedroom apartment, enjoying the convenience of being within walking distance to Bute Park and Cardiff City Centre. Perfectly located for a City Lifestyle with all Town Centre has to offer with NO ONWARD CHAIN!

*NEW INSTRUCTION*INVESTMENT OPPORTUNITY***VACANT POSSESSION***
Cardiff Estates and Lettings are pleased to offer this two bedroom apartment, enjoying the convenience of being within walking distance to Bute Park and Cardiff City Centre. Perfectly located for a City Lifestyle with all Town Centre has to offer with NO ONWARD CHAIN!
Call us today to enquire!

Communal Entrance - Located above North Road retail stores with the main communal entrance accessed from North Road enjoying both stair and lift access to each floor and benefiting from a secure undercroft parking which is located directly underneath Parkfield House.

Hallway - Welcomed into the property by wood effect laminate flooring, a spacious hall with a recessed storage cupboard and doors leading to kitchen/diner/lounge, bathroom and 2 double bedrooms. Electric radiator and intercom system.

Kitchen/Dining/Living Room - 5.8m x 3.6m - Spacious open plan kitchen, diner and lounge area compromising of wood effect laminate flooring carried throughout with a range of well kept wall and base units in the L-shaped kitchen area, a 1.5 stainless steel sink and drainer, integrated electric cooker. TV points, electric radiator and enjoying a full length, uPVC double glazed window to rear.

Bedroom One - 4.65m x 2.72m - Double bedroom with fitted carpet, electric heater, uPVC double glazed window to rear.

Bedroom Two - 4.65m x 2.72m - Double bedroom with fitted carpet, electric heater, uPVC double glazed window to rear. Recessed cupboard housing boiler.

Bathroom - 3 piece, white bathroom suite, compromising of W/C and hand wash basin within vanity unit, bath tub with over head shower with glass panel shower screen. Electric towel rail.

EPC: Band C
Council Tax: Band D
Tenure: Leasehold (Approx. 984yrs Remaining)
Current ground rent: £150 P/A (Approx.)
Ground rent review period (no. of years/months)
Annual ground rent increase (%)
Annual service charge: £2,414 P/A (Approx.)

Disclaimer - These particulars are intended to give a fair and overall description for guidance purposes only and do not constitute an offer or part of a contract. Any equipment, fixtures, fittings or services have not been tested or verified to ensure that they are in working order or fit for purpose. Any on site facilities, such as communal swimming pool, or gym may be subject to maintenance work and their availability for use cannot be guaranteed at all times. Construction, maintenance, or other development site works on any rental property may take place during a tenancy without prior notice given. Internet speeds, or use of internet is not guaranteed. All measurements are approximate and any photographs, floorplans and distances referred to should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges, ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by you. Whilst descriptions, references to condition, necessary permissions for use and occupation, or any other details are given in good faith and are believed to be correct, you should not rely on them as statements or representations of fact, but you must satisfy yourselves by inspection or seek professional advice.

Agent Details

Cardiff Estates & Lettings ltd, Cardiff

029 2052 0520

Next Steps?

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