6 Bed HMO, Cardiff, CF24 3DB, £400,000

90 Bedford Street, Cardiff, CF24 3DB - 6 views - a year ago

HMO
ROI: 2%
120 m²
+5 photos

ValuationOvervalued

Sold Prices£210K - £1.4M
Sold Prices/m²£1.5K/m² - £4K/m²

 

 

Square Metres

119.86 m²
Price/m²£3.3K/m²

Value Estimate

£348,378

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Room Rate

£455

Gross Rent

£2,730

Running Costs/mo

£2,506

Cashflow/mo

£224

Cashflow/yr

£2,693

ROI

2%

Gross Yield

8%

Local Sold Prices

24 sold prices from £210K to £1.4M, average is £675K. £1.5K/m² to £4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£395K10/210.46 mi1a, Catherine Street, Cardiff CF24 4EF6
£270K06/230.56 mi93, Crwys Road, Cardiff CF24 4NF6
£270K10/210.57 mi4, Treorchy Street, Cardiff CF24 4JP6
£270K10/210.57 mi4, Treorchy Street, Cardiff CF24 4JP6
£210K06/210.6 mi232, Mackintosh Place, Cardiff CF24 4RT6
£270K05/210.66 mi23, Tewkesbury Street, Cardiff CF24 4QQ6
£410K05/230.7 mi1, Pentyrch Street, Cardiff CF24 4JW6
£915K03/230.83 mi44, Ty-draw Road, Penylan, Cardiff CF23 5HD6
£1.4M06/230.96 mi28, Ty Gwyn Road, Penylan, Cardiff CF23 5JF6
£650K12/221.05 mi16, Cyncoed Road, Cardiff CF23 5SG6
£600K07/231.1 mi3, Dyfrig Street, Cardiff CF11 9LR6
£960K03/231.11 mi24, Plasturton Gardens, Cardiff CF11 9HF6
£865K09/221.12 mi20, Plasturton Gardens, Cardiff CF11 9HF6
£700K05/211.2 mi81, Lake Road West, Cardiff CF23 5PH6
£835K05/211.4 mi8, Brynteg Close, Cardiff CF23 6AS6
£790K05/232.01 mi7, Chargot Road, Cardiff CF5 1EW6
£874K02/212.02 mi129, Pencisely Road, Cardiff CF5 1DL6
£568K03/212.1 mi304, Heathwood Road, Cardiff CF14 4HT6
£1.2M03/232.28 mi6, The Avenue, Llandaff, Cardiff CF5 2LQ6
£625K06/212.3 mi60, Milestone Close, Cardiff CF14 4NQ6
£360K12/222.37 mi19, Colwyn Road, Rumney, Cardiff CF3 3JS6
£770K06/212.78 mi3, Triscombe Drive, Cardiff CF5 2PN6
£750K01/212.78 mi17, Triscombe Drive, Cardiff CF5 2PN6
£950K07/212.98 mi2, The Glade, Llanishen, Cardiff CF14 0PN6

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

1.25 miles away

Nearest school

0.30 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £400,000

March 26, 2024

Sold for £75,000

2002

Floor Plans

Description

  • Investment Opportunity +
  • Fully Let Until June 2025 +
  • Six Person HMO License +
  • Income £32,775 pa +
  • Return of 8.2% +
  • No Onward Chain +

This is an exciting opportunity to acquire this 6-bed HMO property located within great access to Cardiff Universities and within walking distance of the vibrant CIty Centre. The property is fully let until June 2025, generating an annual income of £32,775 giving a return of 8.2%. On the ground floor, through the entrance hall into the large open plan kitchen/living room, fitted with a range of modern base and wall units, breakfast bar peninsula, two built-in hobs, ample space for appliances, tiled flooring, windows, and doors to the rear garden.  The first of the double bedrooms are on the ground floor, both with laminate flooring and built-in wardrobes. On the first floor, there are four double bedrooms, all with laminate flooring and built-in wardrobes.  Both bathrooms have fitted modern suites comprising panelled baths with showers over, wash hand basins and low level w.c.s. Outside is an enclosed paved courtyard with side access - great for getting the bikes in!   Call now to secure your viewing. We are advised by the vendor that provisions of electricity, water and sewerage are connected to a mains supply, and no materials used in construction may impact a buyer's enjoyment, mortgage availability, or insurance availability, and there are no issues or restrictions on mobile signal/coverage.

Agent Details

CPS Homes, Cardiff

020 3840 4007

Next Steps?

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