2 Bed Flat, Single Let, Cardiff, CF14 4PQ, £190,000

Phoenix Way, Heath, Cardiff, CF14 4PQ - a year ago

Leasehold
BTL
ROI: 5%
~60 m²
+8 photos

ValuationOvervalued

Sold Prices£97K - £435K
Sold Prices/m²£1.4K/m² - £3.9K/m²

 

 

Square Metres

~59.61 m²
Price/m²£3.2K/m²

Value Estimate

£165,583

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£800 - £1,100

Rent Estimate

£1,100

Running Costs/mo

£834

Cashflow/mo

£266

Cashflow/yr

£3,195

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £97K to £435K, average is £162K. £1.4K/m² to £3.9K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£189.5K01/230 mi70, Phoenix Way, Cardiff CF14 4PQ2
£176.9K03/210.02 mi46, Phoenix Way, Cardiff CF14 4PQ2
£160K12/200.02 mi32, Phoenix Way, Cardiff CF14 4PQ2
£162K02/210.02 mi40, Phoenix Way, Cardiff CF14 4PQ2
£160K07/210.08 mi40, Threipland Drive, Cardiff CF14 4PW2
£150K03/210.1 mi55, Latteys Close, Cardiff CF14 4PZ2
£150K03/210.1 mi55, Latteys Close, Cardiff CF14 4PZ2
£147K04/210.13 miFlat 4, The Gables, Ty Wern Road, Cardiff CF14 4SF2
£154K12/220.29 mi25, Ffordd Ty Unnos, Cardiff CF14 4NJ2
£158K12/220.29 mi9, Ffordd Ty Unnos, Cardiff CF14 4NJ2
£169.9K10/230.29 mi15, Ffordd Ty Unnos, Cardiff CF14 4NJ2
£155K04/210.36 mi35, Tasker Square, Llanishen, Cardiff CF14 5ET2
£170K01/230.36 mi18, Tasker Square, Llanishen, Cardiff CF14 5ET2
£154K05/230.46 mi31, Watkins Square, Cardiff CF14 4NH2
£155K02/230.46 mi37, Watkins Square, Cardiff CF14 4NH2
£200K03/230.5 mi66, Watkins Square, Llanishen, Cardiff CF14 5FL2
£147.5K05/210.5 miFlat 12, Melbourne Court, Tyn Y Parc Road, Cardiff CF14 6BD2
£152K11/200.51 mi77, Tatham Road, Llanishen, Cardiff CF14 5FD2
£435K09/210.51 mi25, Yorath Road, Cardiff CF14 1QB2
£377.5K11/200.56 mi67, King George V Drive West, Cardiff CF14 4EF2
£186.5K02/230.56 miFlat 5, Retford Court, The Philog, Cardiff CF14 1EE2
£197K08/230.56 miFlat 13, Retford Court, The Philog, Cardiff CF14 1EE2
£170K11/220.59 miFlat 3, Minavon, Tyn Y Parc Road, Cardiff CF14 6BE2
£117K03/210.59 miFlat 2, Minavon, Tyn Y Parc Road, Cardiff CF14 6BE2
£150K08/210.62 mi28, Ashbourn Way, Llanishen, Cardiff CF14 5EY2
£400K05/210.63 mi10, Ty Gwyn Road, Rhiwbina, Cardiff CF14 6NF2
£140K12/200.65 mi6, Warren Evans Court, Cardiff CF14 1DQ2
£162K10/210.67 mi52, Clos Hendre, Cardiff CF14 6PP2
£155K12/220.67 mi54, Clos Hendre, Cardiff CF14 6PP2
£163.5K01/230.67 mi39, Clos Hendre, Cardiff CF14 6PP2
£197K05/230.68 miFlat 9, St. Mary's Court, Tyn Y Pwll Road, Cardiff CF14 1AG2
£177K11/230.68 miFlat 8, St. Mary's Court, Tyn Y Pwll Road, Cardiff CF14 1AG2
£112K12/230.69 miFlat 3, Rialto Court, Old Church Road, Cardiff CF14 1AJ2
£135K06/210.69 mi41, Warren Evans Court, Cardiff CF14 1DR2
£170K01/210.72 mi19, Mur Gwyn, Cardiff CF14 6NR2
£168K06/230.72 miFlat 3, Greenwood Court, Bryntirion, Cardiff CF14 6NQ2
£181K03/210.73 mi131, Pen Y Dre, Rhiwbina, Cardiff CF14 6EL2
£195K11/230.73 mi133, Pen Y Dre, Rhiwbina, Cardiff CF14 6EL2
£138K05/230.75 mi38, Tynant, Cardiff CF14 1NU2
£175K03/230.75 mi45, Tynant, Cardiff CF14 1NU2
£97K10/230.76 miFirst Floor Flat, 366, North Road, Cardiff CF14 3BP2
£135K11/200.77 mi30, Tynant, Cardiff CF14 1NT2
£138K12/230.78 miFlat 8, Carew Court, Curlew Close, Cardiff CF14 1BQ2
£138K11/230.78 miFlat 9, Carew Court, Curlew Close, Cardiff CF14 1BQ2
£160K09/230.78 miFlat 11, Anton Court, Tyn Y Pwll Road, Cardiff CF14 1AU2
£180K01/210.79 mi28, Blandon Way, Cardiff CF14 1EH2
£192K02/230.79 mi33, Blandon Way, Cardiff CF14 1EH2
£190K06/230.79 mi2, Blandon Way, Cardiff CF14 1EH2
£194K08/230.79 mi20, Blaen Y Coed, Rhiwbina, Cardiff CF14 6LL2
£162.5K06/230.82 miFlat 4, Manor Court, Ash Grove, Whitchurch, Cardiff CF14 1BJ2

Local Rents

12 rents from £800/mo to £1.1K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00012/240.02 miPhoenix Way, Heath, Cardiff2
£90012/240.08 miThreipland Drive, Cardiff(City), CF142
£1,00012/240.19 miPantbach Rd, Cardiff, CF14 1TZ2
£1,00010/240.28 mi-2
£1,10012/240.29 miPorthamal Road, Rhiwbina, Cardiff, CF142
£1,05012/240.37 miManor Way, Whitchurch, Cardiff2
£1,05002/240.37 mi-2
£80012/240.4 miCaerphilly Road, Birchgrove2
£1,10012/240.51 miTatham Road, Cardiff, CF142
£1,00002/250.57 mi-2
£1,09512/240.59 miTatham Road, Llanishen2
£1,00012/240.62 miAshbourn Way2

Local Area Statistics

Population in CF14

77,733

Population in Cardiff

357,494

Town centre distance

1.18 miles away

Nearest school

0.50 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Price changed to £190,000

December 4, 2024

Listed for £195,000

June 5, 2024

Floor Plans

Description

  • Ground Floor Apartment +
  • Allocated Parking +
  • Open-Plan Living +
  • 2 Well-Proportioned Double Bedrooms +
  • Close to Amenities +
  • Good Transport Links +

Jeffrey Ross are pleased to bring to the market this sizeable and impressive, 2 Bedroom, Ground Floor Apartment in the popular development on Phoenix way.

The property is 'Chain Free' so is ideal for those looking to move without the hassle of being in a long chain!

This Ground Floor Apartment has been very well maintained and boasts Entrance hallway, storage, 2 double bedrooms and family bathroom. Open plan living, kitchen and dining area with French doors that open out to the garden. It’s a property that potential buyers could very easily move straight in.

This would make an excellent apartment for first-time buyers, young families, professional couples, young professionals or even those looking to downsize in the area, given the excellent transport links and allocated parking space, provided.

Rents in the development and surrounding area are as high as £1,100pcm so the property could be bought as an excellent investment opportunity.

Take a closer look at our interactive virtual tour for an online viewing. On a desktop computer you can even measure the space to plan if your furniture fits.

Don't miss the opportunity to make this great apartment your own – Call the office on to book a viewing!

Communal Entrance -

Entrance Foyer / Hallway -

Bedroom 1 - 2.90m x 3.96m (9'6 x 13) -

Bedroom 2 - 2.21m x 3.99m (7'3 x 13'1) -

Bathroom - 1.63m x 1.93m (5'4 x 6'4) -

Kitchen - 2.31m x 3.48m (7'7 x 11'5) -

Dining Area (Open Plan) - 3.12m x 3.15m (10'3 x 10'4) -

Living Room (Open Plan) - 3.20m x 2.95m (10'6 x 9'8) -

Storage Cupboard -

Parking - 1 x Allocated Parking Space

Tenure - We are informed by our client that the property is Leasehold. This is to be confirmed by your legal advisor.

Lease Information - Block Managing Agent and contact number
OLD: Anthem Management (formerly Hazelvine):
NEW: Eaves Property Management:

what is the Term in years: 125

How many years are remaining: 106

From: 2005
To: 2130

Ground Rent - Annual Ground Rent: £167

Service Charge - Annual Service Charge £2235.25, which includes:

Estate expenditure: Grounds maintenance, tree maintenance, parking area maintenance, drainage maintenance, rubbish removal, lighting, electricity, general maintenance, Health & Safety risk assessment, public liability insurance, managing agent fees, postage & stationery, out of hours service, bank charges.

Internal expenditure: Cleaning, carpets, lighting, gutter clearance, electricity, water rates, building/terrorism insurance, TV aerial maintenance, fire alarms

From 1 January To 31 December 2024 (it's billed half-yearly)

Additional Information - Rental value approx £1,100 pcm +
Ground Floor Apartment
Allocated Parking
2 double bedrooms
Door Entry Call System

Council Tax - Band D

School Catchment - English medium primary catchment area is
Ton-Yr-Ywen Primary School (year 2024-25)

English medium secondary catchment area is
Llanishen High School (year 2024-25)

Welsh medium primary catchment area is
Ysgol Y Wern (year 2024-25)

Welsh medium secondary catchment area is
Ysgol Gyfun Gymraeg Glantaf (year 2024-25)

Agent Details

Jeffrey Ross, Llanishen

029 2271 2857

Next Steps?

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