2 Bed Bungalow, Refurb/BRRR, Cardiff, CF23 6RA, £280,000

Hurford Place, Cardiff, CF23 6RA - 1 views - 9 months ago

Refurb/BRRR

ROI: 1%

~58 m²

+10 photos

ValuationOvervalued

Sold Prices	£150K - £1.1M
Sold Prices/m²	£2.6K/m² - £5.2K/m²

Square Metres	~57.70 m²
Price/m²	£4.9K/m²
Value Estimate	£201,942£201,942

End Value (After Refurb)	£236,250£236,250

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£70,000£70,000
Stamp Duty & Legal Fees	£11,100£11,100
Refurb Costs	£23,576£23,576
Bridging Loan Interest	£7,350£7,350
Total Cash In	£113,776£113,776

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£236,250£236,250
Mortgage (After Refinance)	£177,188£177,188
Mortgage LTV	75%75%
Cash Left In	£113,776£113,776
Equity	£59,063£59,063
Rent Range	£800 - £2,600£800 - £2,600
Rent Estimate	£1,104
Running Costs/mo	£979£979
Cashflow/mo	£125£125
Cashflow/yr	£1,499£1,499
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

51 sold prices from £150K to £1.1M, average is £217.5K. £2.6K/m² to £5.2K/m², average is £3.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	01/23	0 mi	16, Hurford Place, Cardiff CF23 6RA	-	-	2	Detached House
£283.5K	01/21	0.02 mi	7, Hurford Place, Cardiff CF23 6QZ	-	-	2	Detached House
£270K	07/21	0.04 mi	11, Hackerford Road, Cardiff CF23 6QY	£4,921	55	2	Terraced House
£330K	08/23	0.14 mi	8, The Fairway, Cardiff CF23 6RE	-	-	2	Semi-Detached House
£360K	04/23	0.23 mi	54, Hampton Crescent East, Cardiff CF23 6RG	-	-	2	Semi-Detached House
£220.1K	10/20	0.46 mi	34, Nasturtium Way, Pontprennau, Cardiff CF23 8SF	£4,991	44	2	Terraced House
£189.9K	01/21	0.53 mi	32, Dartington Drive, Pontprennau, Cardiff CF23 8SA	£3,518	54	2	Semi-Detached House
£1.1M	10/22	0.54 mi	19, Llangorse Road, Cardiff CF23 6PF	£3,333	342	2	Detached House
£174K	02/21	0.58 mi	27, Lovage Close, Pontprennau, Cardiff CF23 8SB	£3,039	57	2	Terraced House
£227.5K	06/23	0.68 mi	16, Gaulden Grove, Pontprennau, Cardiff CF23 8SD	£4,063	56	2	Terraced House
£191K	10/20	0.7 mi	27, Chamomile Close, Pontprennau, Cardiff CF23 8RE	£3,411	56	2	Semi-Detached House
£190K	08/21	0.7 mi	6, Chamomile Close, Pontprennau, Cardiff CF23 8RE	£3,333	57	2	Semi-Detached House
£275K	06/21	0.72 mi	86, Fidlas Road, Cardiff CF14 0NE	£2,926	94	2	Terraced House
£220K	02/21	0.74 mi	45, Oakleafe Drive, Cardiff CF23 8AL	£4,074	54	2	Semi-Detached House
£285K	03/23	0.74 mi	2, Oakleafe Drive, Pontprennau, Cardiff CF23 8AL	£5,163	55	2	Terraced House
£380K	04/21	0.77 mi	40, Rhydypenau Road, Cardiff CF23 6PT	-	-	2	Detached House
£209.9K	12/20	0.79 mi	4, Butterfield Drive, Pontprennau, Cardiff CF23 8NE	£2,558	82	2	Terraced House
£205K	11/22	0.85 mi	27, Amberley Close, Pontprennau, Cardiff CF23 8AY	-	-	2	Terraced House
£208K	12/20	0.92 mi	25, Clos Nant Y Cwm, Pontprennau, Cardiff CF23 8LG	£3,302	63	2	Semi-Detached House
£180K	12/20	1 mi	21, Clos Gwy, Pontprennau, Cardiff CF23 8LH	£3,214	56	2	Terraced House
£225K	03/23	1.01 mi	31, Clos Cwm Creunant, Pontprennau, Cardiff CF23 8LA	£4,167	54	2	Semi-Detached House
£242K	07/23	1.02 mi	24, The Farthings, Pontprennau, Cardiff CF23 8ET	£4,382	55	2	Semi-Detached House
£258K	06/23	1.03 mi	4, Cheriton Drive, Thornhill, Cardiff CF14 9DF	-	-	2	Terraced House
£215K	03/23	1.05 mi	20, Clos Nant Ddu, Pontprennau, Cardiff CF23 8LF	£3,839	56	2	Semi-Detached House
£195K	05/23	1.05 mi	17, Bryn Haidd, Cardiff CF23 7JN	-	-	2	Terraced House
£158K	03/21	1.05 mi	66, Bryn Haidd, Cardiff CF23 7JP	£3,292	48	2	Terraced House
£150K	06/21	1.05 mi	79, Bryn Haidd, Cardiff CF23 7JP	-	-	2	Terraced House
£181.5K	05/21	1.06 mi	23, Clos Alyn, Pontprennau, Cardiff CF23 8LB	£2,709	67	2	Terraced House
£185K	02/21	1.07 mi	8 Cwrt Glas, Ty Glas Road, Llanishen, Cardiff CF14 5DT	£2,569	72	2	Terraced House
£202K	04/21	1.07 mi	27, Clos Cwm Creunant, Pontprennau, Cardiff CF23 8LA	£3,607	56	2	Terraced House
£226K	04/21	1.09 mi	27, Cherrywood Close, Thornhill, Cardiff CF14 9DH	£4,109	55	2	Terraced House
£226K	04/21	1.09 mi	27, Cherrywood Close, Thornhill, Cardiff CF14 9DH	£4,109	55	2	Terraced House
£196.3K	05/21	1.09 mi	7, Cherrywood Close, Thornhill, Cardiff CF14 9DH	-	-	2	Terraced House
£173K	01/21	1.11 mi	11, Felsted Close, Pontprennau, Cardiff CF23 8LR	£3,145	55	2	Terraced House
£190K	02/21	1.11 mi	13, Whiteacre Close, Thornhill, Cardiff CF14 9DG	£2,676	71	2	Terraced House
£230K	03/23	1.11 mi	13, Whiteacre Close, Thornhill, Cardiff CF14 9DG	£3,239	71	2	Terraced House
£265K	07/23	1.12 mi	87, Newborough Avenue, Llanishen, Cardiff CF14 5DA	-	-	2	Semi-Detached House
£218K	11/21	1.12 mi	26, Sindercombe Close, Pontprennau, Cardiff CF23 8LP	£3,978	55	2	Terraced House
£180K	11/20	1.17 mi	4, Windmill Close, Thornhill, Cardiff CF14 9BL	£3,273	55	2	Terraced House
£186.3K	06/21	1.17 mi	25, Dungarvan Drive, Pontprennau, Cardiff CF23 8PY	-	-	2	Terraced House
£217.5K	10/21	1.17 mi	14, Dungarvan Drive, Pontprennau, Cardiff CF23 8PY	£4,003	54	2	Terraced House
£205K	03/23	1.17 mi	32, Dungarvan Drive, Pontprennau, Cardiff CF23 8PY	£3,792	54	2	Terraced House
£210K	05/23	1.19 mi	12, Tramore Way, Pontprennau, Cardiff CF23 8PZ	£3,573	59	2	Terraced House
£207.5K	05/23	1.21 mi	26, Lyric Way, Thornhill, Cardiff CF14 9BP	£3,413	61	2	Semi-Detached House
£218K	09/23	1.21 mi	33, Lyric Way, Thornhill, Cardiff CF14 9BP	£3,984	55	2	Semi-Detached House
£165K	07/23	1.21 mi	10, Blue House Road, Llanishen, Cardiff CF14 5BW	-	-	2	Terraced House
£244K	10/20	1.22 mi	8, Woolaston Avenue, Cardiff CF23 6EZ	£3,050	80	2	Terraced House
£193K	03/21	1.22 mi	44, Huntington Drive, Pontprennau, Cardiff CF23 8LU	£3,117	62	2	Semi-Detached House
£260K	01/23	1.22 mi	38, Huntington Drive, Pontprennau, Cardiff CF23 8LU	£4,140	63	2	Semi-Detached House
£219.9K	11/21	1.23 mi	28, Oakridge, Thornhill, Cardiff CF14 9BS	£4,006	55	2	Terraced House
£245K	12/22	1.24 mi	20, Astoria Close, Thornhill, Cardiff CF14 9DQ	£5,104	48	2	Semi-Detached House

Local Rents

50 rents from £800/mo to £2.6K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	04/24	0.33 mi	Sandwick Court, Cyncoed, Cardiff	2	Flat
£1,250	03/24	0.61 mi	Duffryn Road, CARDIFF	2	Flat
£1,250	01/24	0.63 mi	-	2	Flat
£1,000	04/24	0.68 mi	Wisley Place, Pontprennau, Cardiff	2	Semi-Detached House
£1,200	12/24	0.69 mi	Barbrook Close, Lisvane, Cardiff, CF14	2	Flat
£850	05/24	0.69 mi	St Margarets Court, Cyncoed	2	Flat
£1,000	12/24	0.69 mi	-	2	Terraced House
£950	03/24	0.69 mi	Gaulden Grove, Pontprennau	2	Terraced House
£1,350	12/24	0.72 mi	-	2	Flat
£1,350	12/24	0.72 mi	-	2	Flat
£1,200	12/24	0.73 mi	-	2	Flat
£1,200	12/24	0.73 mi	Brooklea Park, Lisvane, Cardiff, CF14	2	Flat
£1,150	11/23	0.73 mi	-	2	Flat
£1,250	12/24	0.73 mi	-	2	Flat
£1,200	12/24	0.73 mi	Brooklea Park, Lisvane, CARDIFF	2	Flat
£1,100	03/24	0.75 mi	Oakford Close, CF23	2	Bungalow
£1,000	04/24	0.77 mi	Oakleafe Drive, Pontprennau,	2	Terraced House
£900	03/24	0.84 mi	Clos Dol Heulog, Pontprennau, Cardiff	2	Flat
£1,000	04/24	0.84 mi	Clos Dol Heulog, Pontprennau, Cardiff	2	Flat
£800	03/24	0.86 mi	Wern Goch West, Llanederyn, Cardiff	2	Flat
£1,050	05/24	0.87 mi	Amber Close, Pontprennau, Cardiff	2	Terraced House
£1,050	05/24	0.9 mi	Lakelands Court, Rhydypenau Road, Cardiff	2	Flat
£975	12/24	0.92 mi	-	2	Flat
£995	04/24	0.92 mi	The Maltings, Pontprennau	2	Semi-Detached House
£1,150	04/24	0.92 mi	Clos Cwm Du, Pontprennau, Cardiff, CF23	2	Semi-Detached House
£1,200	12/24	0.93 mi	-	2	Semi-Detached House
£995	03/24	0.98 mi	Brynheulog, Pentwyn, Cardiff, CF23	2	Terraced House
£995	04/24	0.98 mi	Brynheulog, Pentwyn	2	Terraced House
£995	03/25	1 mi	-	2	Terraced House
£1,200	04/24	1.02 mi	Duffryn Close, Heath	2	Flat
£1,200	04/24	1.02 mi	Duffryn Close, Cyncoed	2	Flat
£1,000	03/24	1.03 mi	The Farthings, Pontprennau, Cardiff	2	Detached House
£1,200	04/24	1.03 mi	Duffryn Close, CARDIFF	2	Flat
£1,000	03/24	1.04 mi	James Court, Celyn Avenue, Cyncoed	2	Flat
£1,050	12/24	1.04 mi	-	2	Terraced House
£1,050	02/25	1.04 mi	-	2	Terraced House
£1,050	03/24	1.05 mi	Bryn Haidd, Pentwyn, Cardiff	2	Flat
£975	03/24	1.08 mi	Bryn Haidd, Pentwyn	2	Terraced House
£1,000	03/24	1.09 mi	Rowsby Court, Pontprennau, CARDIFF	2	Flat
£995	03/24	1.1 mi	Rowsby Court, Pontprennau, Cardiff, CF23	2	Flat
£2,600	12/24	1.1 mi	-	2	Flat
£1,150	03/24	1.1 mi	Clearwater Way, CARDIFF	2	Flat
£1,150	03/24	1.1 mi	Clearwater Way, CARDIFF	2	Flat
£1,150	03/24	1.1 mi	Clearwater Way, CARDIFF	2	Flat
£1,150	03/24	1.1 mi	Clearwater Way, CARDIFF	2	Flat
£1,150	04/24	1.1 mi	Clearwater Way, CARDIFF	2	Flat
£1,150	03/24	1.1 mi	Clearwater Way, CARDIFF	2	Flat
£1,150	03/24	1.1 mi	Clearwater Way, CARDIFF	2	Flat
£1,150	04/24	1.1 mi	Clearwater Way, CARDIFF	2	Flat
£1,150	04/24	1.1 mi	Clearwater Way, CARDIFF	2	Flat

Local Area Statistics

Population in CF23	46,98846,988
Population in Cardiff	357,494357,494
Town centre distance	2.29 miles away2.29 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.72 miles away0.72 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+22%+22%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+41%+41%

Property History

Listed for £280,000

June 15, 2024

Floor Plans

Description

Taylors are delighted to market this semi-detached bungalow, in need of upgrading and modernisation set within a quiet road in popular Cyncoed. Close to convenient transport links. Off road parking, long driveway leading to a garage.

Entrance hall, generous lounge, kitchen and conservatory. Two bedrooms and family bathroom with walk in shower. This bungalow offers heaps of potential, for a potential buyer to add their own stamp and give this property some love. This property is a stone’s throw away from Llanishen/ Lisvane reservoirs for a quiet, local walk.

Please be advised this property is sold as seen.
Call Taylors today to avoid missing out on this gem!

Agent Details

Taylors Estate Agents, Roath

029 2002 8247

Next Steps?

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

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