5 Bed HMO, Cardiff, CF24 1QB, £280,000

Emerald Street, Splott, Cardiff, CF24 1QB - 1 views - a year ago

HMO
Refurb/BRRR
ROI: 8%
~92 m²
+11 photos

ValuationFair Value

Sold Prices£180K - £1.2M
Sold Prices/m²£1.3K/m² - £4.6K/m²

 

 

Square Metres

~92 m²
Price/m²£3K/m²

Value Estimate

£285,600

 

 

End Value (After Refurb)

£233,625

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£19,200

Refurb Costs

£37,591

Bridging Loan Interest

£7,350

Total Cash In

£135,891

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£233,625

Mortgage (After Refinance)

£175,219

Mortgage LTV

75%

Cash Left In

£135,891

Equity

£58,406

Room Rate

£539

Gross Rent

£2,695

Running Costs/mo

£1,841

Cashflow/mo

£854

Cashflow/yr

£10,248

ROI

8%

Gross Yield

12%

Local Sold Prices

50 sold prices from £180K to £1.2M, average is £445.5K. £1.3K/m² to £4.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£320K02/210.11 mi1, Gold Street, Cardiff CF24 0LF5
£440K04/210.31 mi22, Wordsworth Avenue, Cardiff CF24 3FR5
£592.5K11/220.34 mi100, Roath Court Road, Cardiff CF24 3SF5
£230K06/210.43 mi15, Sanquhar Street, Cardiff CF24 2AA5
£275K07/210.47 mi268, Newport Road, Cardiff CF24 1RS5
£439K12/200.55 mi118, Marlborough Road, Cardiff CF23 5BY5
£340K03/230.57 mi107, Claude Road, Cardiff CF24 3QD5
£555K06/230.64 mi2, Deri Road, Cardiff CF23 5AJ5
£530K02/210.72 mi60, Kimberley Road, Cardiff CF23 5DL5
£605K05/210.76 mi38, Waterloo Road, Cardiff CF23 5DZ5
£640K08/210.78 mi12, Kimberley Road, Cardiff CF23 5DH5
£330K12/220.79 mi35a, Rhymney Street, Cardiff CF24 4DH5
£502.5K08/210.81 mi18, Mafeking Road, Cardiff CF23 5DQ5
£405K02/210.84 mi4, Sharpe Close, Penylan, Cardiff CF23 9AJ5
£310K05/230.93 mi42, Harriet Street, Cardiff CF24 4BY5
£742.5K09/211.04 mi3, The Paddock, Cardiff CF23 5JN5
£850K01/231.06 mi26, Ty-draw Road, Penylan, Cardiff CF23 5HB5
£840K11/201.07 mi35, Tydraw Road, Penylan, Cardiff CF23 5HB5
£451K12/201.09 mi217, Mackintosh Place, Cardiff CF24 4RP5
£550K12/221.1 mi23, Boverton Street, Cardiff CF23 5ES5
£260K02/211.11 mi40, May Street, Cardiff CF24 4EX5
£315K06/211.13 mi20, Glan Rhymni, Splott, Cardiff CF24 2TW5
£315K06/211.13 mi20, Glan Rhymni, Splott, Cardiff CF24 2TW5
£420K11/221.15 mi3, Barquentine Place, Cardiff CF10 4NF5
£270K10/211.2 mi4, Treorchy Street, Cardiff CF24 4JP5
£570K07/211.22 mi2, Tydfil Place, Cardiff CF23 5HP5
£530K06/211.25 mi32, Brandreth Road, Cardiff CF23 5NW5
£180K05/211.26 mi140, Crwys Road, Cardiff CF24 4NR5
£425K03/231.27 mi27, Clun Terrace, Cardiff CF24 4RB5
£543K08/211.5 mi28, Ffordd Cwellyn, Cardiff CF23 5NB5
£1.2M04/211.58 mi112, Cyncoed Road, Cardiff CF23 6BL5
£430K03/231.59 mi34, Blaenclydach Street, Cardiff CF11 7BD5
£725K01/211.63 mi51, Lake Road West, Cardiff CF23 5PH5
£750K08/221.67 mi50, Hamilton Street, Cardiff CF11 9BQ5
£575K02/211.68 mi58, Hamilton Street, Cardiff CF11 9BQ5
£745K01/211.69 mi10, Dyfrig Street, Cardiff CF11 9LR5
£200K03/211.69 mi56, Corporation Road, Cardiff CF11 7AU5
£727.5K03/231.7 mi19, Pitman Street, Cardiff CF11 9DJ5
£600K11/201.7 mi12, Pitman Street, Cardiff CF11 9DJ5
£410K07/221.73 mi12, Kyveilog Street, Cardiff CF11 9JA5
£260K06/211.73 mi76, Avondale Gardens South, Cardiff CF11 7DZ5
£565K02/211.82 mi3, Caer Cady Close, Cardiff CF23 6BS5
£299.9K03/211.83 mi66, Australia Road, Cardiff CF14 3DA5
£266.5K06/231.85 mi97, Cranleigh Rise, Rumney, Cardiff CF3 4AN5
£1.0M03/231.85 mi35, Teilo Street, Cardiff CF11 9JN5
£293K11/231.89 mi22, Barmouth Road, Rumney, Cardiff CF3 3JZ5
£293K11/231.89 mi22, Barmouth Road, Rumney, Cardiff CF3 3JZ5
£832K02/211.93 mi157, Lake Road West, Cardiff CF23 5PL5
£619.5K02/211.98 mi34, Conway Road, Cardiff CF11 9NT5
£291K05/212 mi73, Ridgeway Road, Rumney, Cardiff CF3 4AD5

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

1.86 miles away

Nearest school

0.20 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Price changed to £280,000

February 28, 2025

Listed for £300,000

March 14, 2024

Floor Plans

Description

  • Investment opportunity! +
  • Immaculate newly renovated terraced property +
  • Selling this 5 room let property as a going concern +
  • 5 rooms tenanted - total - £2,694 PCM = 10.7% annual rental yield - approx +
  • Open-plan reception room and re-fitted kitchen +
  • Extended to the rear creating a living area +
  • Downstairs wc +
  • Refitted and modern bathroom suite +
  • Turnkey investment - fully renovated throughout +
  • Convenient access to public transport +

GUIDE PRICE £280,000 - £300,000 This immaculate terraced HMO property is now available for sale, presenting an ideal investment opportunity. Situated in a location with convenient access to public transport links and local amenities, this property boasts four double bedrooms and one single bedroom.

The open-plan reception room provides a versatile living space, while the open-plan kitchen features modern appliances, ample natural light, and has been recently refurbished to a high standard.

The property's recent renovation is evident throughout, making it a truly turnkey investment. Each of the five bedrooms offers comfort and space (2 located on the ground floor).

With its prime location and attractive features which include exposed brick walls, this property is a rare find in today's market. Book your viewing today to experience the charm and quality of this newly renovated home firsthand.

Ground floor room 1 to front: £575 PCM.
Ground floor room 2 to middle: £575 PCM.
First floor room 3 to front: £600 PCM.
First floor room 4 to middle: £575 PCM.
First floor room 5 to rear: £369 PCM.

The property could also be used as an Air B&B and has a yield of approx 10.7%.

FREEHOLD.

Agent Details

Moginie James, Roath

029 2271 0655

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪