5 Bed Terraced House, Refurb/BRRR, Cardiff, CF14 3LW, £250,000

6 Whitchurch Road, Cardiff, CF14 3LW - 24 views - 10 months ago

Refurb/BRRR

ROI: 11%

~62 m²

+7 photos

ValuationOvervalued

Sold Prices	£180K - £1.0M
Sold Prices/m²	£2.3K/m² - £7.6K/m²

Square Metres	~61.70 m²
Price/m²	£4.1K/m²
Value Estimate	£200,662£200,662

End Value (After Refurb)	£259,963£259,963
Uplift in Value	+-4%+-4%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£10,300£10,300
Refurb Costs	£25,133£25,133
Bridging Loan Interest	£6,563£6,563
Total Cash In	£106,245£106,245

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£259,963£259,963
Mortgage (After Refinance)	£194,972£194,972
Mortgage LTV	75%75%
Cash Released	£7,472£7,472
Cash Left In	£98,773£98,773
Equity	£64,991£64,991
Rent Range	£1,250 - £4,025£1,250 - £4,025
Rent Estimate	£2,319
Running Costs/mo	£1,296£1,296
Cashflow/mo	£1,023£1,023
Cashflow/yr	£12,274£12,274
ROI	12%12%
Gross Yield	11%11%

Local Sold Prices

22 sold prices from £180K to £1.0M, average is £546.5K. £2.3K/m² to £7.6K/m², average is £3.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£180K	05/21	0.27 mi	140, Crwys Road, Cardiff CF24 4NR	-	-	5	Terraced House
£299.9K	03/21	0.34 mi	66, Australia Road, Cardiff CF14 3DA	£3,100	97	5	Terraced House
£425K	03/23	0.36 mi	27, Clun Terrace, Cardiff CF24 4RB	£3,696	115	5	Terraced House
£260K	02/21	0.43 mi	40, May Street, Cardiff CF24 4EX	£2,743	95	5	Terraced House
£570K	07/21	0.45 mi	2, Tydfil Place, Cardiff CF23 5HP	£2,676	213	5	Terraced House
£270K	10/21	0.46 mi	4, Treorchy Street, Cardiff CF24 4JP	£3,053	88	5	Terraced House
£451K	12/20	0.49 mi	217, Mackintosh Place, Cardiff CF24 4RP	£2,301	196	5	Terraced House
£550K	12/22	0.54 mi	23, Boverton Street, Cardiff CF23 5ES	£3,548	155	5	Terraced House
£725K	01/21	0.6 mi	51, Lake Road West, Cardiff CF23 5PH	£3,919	185	5	Semi-Detached House
£310K	05/23	0.67 mi	42, Harriet Street, Cardiff CF24 4BY	-	-	5	Terraced House
£530K	06/21	0.72 mi	32, Brandreth Road, Cardiff CF23 5NW	-	-	5	Detached House
£840K	11/20	0.74 mi	35, Tydraw Road, Penylan, Cardiff CF23 5HB	£3,471	242	5	Semi-Detached House
£850K	01/23	0.74 mi	26, Ty-draw Road, Penylan, Cardiff CF23 5HB	-	-	5	Semi-Detached House
£330K	12/22	0.8 mi	35a, Rhymney Street, Cardiff CF24 4DH	£3,474	95	5	Detached House
£543K	08/21	0.87 mi	28, Ffordd Cwellyn, Cardiff CF23 5NB	-	-	5	Detached House
£710K	08/23	0.88 mi	20, King George V Drive West, Cardiff CF14 4EE	£7,634	93	5	Detached House
£832K	02/21	0.89 mi	157, Lake Road West, Cardiff CF23 5PL	£3,250	256	5	Semi-Detached House
£590K	06/23	0.93 mi	7, Beatty Avenue, Cardiff CF23 5QR	£3,933	150	5	Semi-Detached House
£1.0M	03/23	0.93 mi	35, Teilo Street, Cardiff CF11 9JN	£3,938	259	5	Terraced House
£410K	07/22	0.94 mi	12, Kyveilog Street, Cardiff CF11 9JA	-	-	5	Semi-Detached House
£745K	01/21	0.95 mi	10, Dyfrig Street, Cardiff CF11 9LR	-	-	5	Terraced House
£742.5K	09/21	0.96 mi	3, The Paddock, Cardiff CF23 5JN	£3,390	219	5	Detached House

Local Rents

51 rents from £1.3K/mo to £4K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	12/24	0.05 mi	Allensbank Crescent, Heath, Cardiff	3	Terraced House
£1,575	12/24	0.05 mi	Whitchurch Road, Heath, Cardiff, CF14 3JR	3	Flat
£1,300	12/24	0.11 mi	Allensbank Road, Heath, Cardiff	3	Terraced House
£1,800	12/24	0.12 mi	Manor Street, Heath, Cardiff	4	Flat
£1,800	12/24	0.19 mi	Llanishen Street, Heath, Cardiff	4	Flat
£3,325	12/24	0.2 mi	Lisvane Street, Cardiff	7	Detached House
£2,850	12/24	0.22 mi	Malefant Street, Cardiff(City), CF24	6	Terraced House
£1,300	12/24	0.23 mi	-	3	Terraced House
£3,000	12/24	0.23 mi	Malefant Street, Cathays	6	Flat
£2,000	12/24	0.24 mi	Malefant Street, Cathays, Cardiff, CF24	4	Terraced House
£2,400	12/24	0.25 mi	Malefant Street, Cathays, Cardiff	5	Flat
£2,250	12/24	0.25 mi	Malefant Street, Cathays , Cardiff	5	Flat
£1,350	12/24	0.25 mi	-	3	Terraced House
£1,800	12/24	0.25 mi	Lisvane Street, Cathays	4	Flat
£2,100	02/24	0.25 mi	-	4	Terraced House
£2,250	03/25	0.25 mi	-	4	Terraced House
£2,250	12/24	0.26 mi	Dogfield Street, Cathays, Cardiff	5	Flat
£2,550	12/24	0.26 mi	Dogfield Street, Cathays, Cardiff	5	Flat
£2,200	12/24	0.26 mi	Malefant Street, Cathays, Cardiff, CF24 4QE	5	Terraced House
£1,550	04/25	0.26 mi	-	4	Terraced House
£3,880	12/24	0.26 mi	Cathays Terrace, Cardiff	8	Terraced House
£2,625	12/24	0.26 mi	Richard Street, Cathays, Cardiff	5	Flat
£2,325	12/24	0.27 mi	Africa Gardens, Cardiff	5	Terraced House
£2,375	12/24	0.27 mi	Africa Gardens, Cardiff	5	Terraced House
£1,495	12/24	0.27 mi	Edington Avenue, Cardiff(City), CF14	3	Terraced House
£1,400	12/24	0.28 mi	Cosmeston Street, Cathays, Cardiff, CF24	3	Terraced House
£2,700	12/24	0.28 mi	Australia Road, Heath, Cardiff	6	Terraced House
£2,140	12/24	0.28 mi	Dogfield Street, Cardiff	4	Terraced House
£1,620	12/24	0.29 mi	Cosmeston Street, Cathays, Cardiff	3	Flat
£2,300	04/24	0.29 mi	-	5	Terraced House
£2,500	01/25	0.29 mi	-	5	Terraced House
£2,500	12/24	0.29 mi	Tewkesbury Street, CARDIFF	5	Flat
£1,800	12/24	0.29 mi	Tewkesbury Street, Cathays	4	Terraced House
£3,180	12/24	0.29 mi	Malefant Street, Cardiff	6	Flat
£2,250	12/24	0.3 mi	Tewkesbury Street, Cathays, Cardiff	5	Flat
£2,125	12/24	0.3 mi	Llantrisant Street, Cathays, Cardiff	5	Terraced House
£2,700	12/24	0.3 mi	Llantrisant Street, Cardiff(City), CF24	6	Flat
£1,950	12/24	0.3 mi	-	4	Terraced House
£2,050	12/24	0.3 mi	-	4	Terraced House
£2,610	12/24	0.3 mi	Cathays Terrace, Cathays, Cardiff, CF24 4HZ	6	Flat
£2,375	12/24	0.31 mi	Africa Gardens, Heath, Cardiff, CF14 3BU	5	Flat
£1,900	12/24	0.31 mi	Whitchurch Place, Cathays, Cardiff, CF24	4	Flat
£2,000	12/24	0.31 mi	Malefant Street, Cathays	5	Flat
£2,925	12/24	0.32 mi	-	5	Terraced House
£2,925	12/24	0.32 mi	-	5	Terraced House
£1,565	02/25	0.32 mi	-	3	Terraced House
£2,970	12/24	0.32 mi	Monthermer Road, Cardiff(City), CF24	6	Terraced House
£1,900	12/24	0.33 mi	May Street, Cardiff	4	Terraced House
£4,025	12/24	0.33 mi	Darran Street, Cardiff, CF24 4JF	7	Flat
£2,500	02/25	0.33 mi	-	5	Terraced House
£3,200	12/24	0.34 mi	-	3	Terraced House

Local Area Statistics

Population in CF14	77,73377,733
Population in Cardiff	357,494357,494
Town centre distance	0.33 miles away0.33 miles away
Nearest train station	0.76 miles away0.76 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+29%+29%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+29%+29%

Property History

Price changed to £250,000

December 4, 2024

Listed for £270,000

June 13, 2024

Sold for £165,000

2005

Sold for £25,000

1997

Floor Plans

Description

HOUSE SHARE +
CURRENLTY LET LONG TERM +
SUPERB LOCATION +
FIVE BEDROOMS +
REAR GARDENS +
CHAIN FREE +
SUPERB RENTAL YIELD +

Centrally located to appeal to tenants who want to live close to the University and Hospital whilst also being able to access local amenities and the City Centre with ease.

The property is set back from the street and is bay fronted to the ground floor. Upon entering the house you have two ground floor bedrooms and the communal kitchen and living space. There is also access out into the low maintenance garden. Upstairs there are a further three good size double bedrooms and the bathroom. Renovation work throughout would be advised for those looking to receive a higher rental income on the property.

Agent Details

Darlows, Albany Road

029 2271 6242

Next Steps?

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

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