2 Bed Flat, Single Let, Cardiff, CF10 1AR, £160,000

The Grand, Westgate St, Cardiff, CF10 1AR - 2 views - 9 months ago

Leasehold

BTL

ROI: 8%

~68 m²

+11 photos

ValuationUndervalued

Sold Prices	£93.6K - £532.5K
Sold Prices/m²	£1.6K/m² - £3.2K/m²

Square Metres	~68.11 m²
Price/m²	£2.3K/m²
Value Estimate	£174,316£174,316
BMV	9%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£40,000£40,000
Stamp Duty & Legal Fees	£6,000£6,000
Total Cash In	£46,000£46,000

Cash Out
Rent Range	£950 - £2,600£950 - £2,600
Rent Estimate	£1,013
Running Costs/mo	£723£723
Cashflow/mo	£290£290
Cashflow/yr	£3,485£3,485
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £93.6K to £532.5K, average is £176.5K. £1.6K/m² to £3.2K/m², average is £2.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£140K	02/21	0.03 mi	Flat 8, Branksome House, Westgate Street, Cardiff CF10 1DF	-	-	2	Flat
£153K	02/21	0.03 mi	Flat 19, Branksome House, Westgate Street, Cardiff CF10 1DF	-	-	2	Flat
£210K	07/23	0.04 mi	Flat 14a, Kenilworth House, Westgate Street, Cardiff CF10 1DJ	-	-	2	Flat
£159.5K	07/23	0.04 mi	Flat 6, Branksome House, Westgate Street, Cardiff CF10 1DF	£2,848	56	2	Flat
£222.5K	12/22	0.04 mi	Flat 12, Dunraven House, Westgate Street, Cardiff CF10 1DL	-	-	2	Flat
£207.5K	09/21	0.05 mi	Flat 12, Dunraven House, Westgate Street, Cardiff CF10 1DL	-	-	2	Flat
£185K	05/21	0.06 mi	Flat 14, Raglan House, Westgate Street, Cardiff CF10 1DN	-	-	2	Flat
£185K	07/21	0.09 mi	Flat 14, Kenilworth House, Westgate Street, Cardiff CF10 1DJ	-	-	2	Flat
£160K	07/23	0.23 mi	Flat 6, Edward House, Plantagenet Street, Riverside, Cardiff CF11 6AT	-	-	2	Flat
£175K	02/21	0.29 mi	Flat 9, Dray Court, Caroline Street, Cardiff CF10 1FQ	-	-	2	Flat
£171K	12/22	0.31 mi	Flat 28, Century Court, Taffs Mead Embankment, Cardiff CF11 6RL	-	-	2	Flat
£115K	04/21	0.31 mi	22, Lower Cathedral Road, Cardiff CF11 6LT	£1,975	58	2	Flat
£532.5K	06/23	0.32 mi	Apartment 25, Parkview, Greyfriars Road, Cardiff CF10 3AL	-	-	2	Flat
£322K	06/23	0.32 mi	Apartment 17, Parkview, Greyfriars Road, Cardiff CF10 3AL	-	-	2	Flat
£142K	08/21	0.39 mi	1b, Pendyris Street, Cardiff CF11 6RJ	£2,582	55	2	Flat
£232K	04/23	0.41 mi	73, Cowbridge Road East, Cardiff CF11 9AF	-	-	2	Flat
£115K	03/23	0.42 mi	63, Clos Dewi Sant, Canton, Cardiff CF11 9EX	£1,769	65	2	Flat
£220K	03/23	0.43 mi	86, Clos Dewi Sant, Canton, Cardiff CF11 9EX	-	-	2	Flat
£185K	03/21	0.45 mi	29, Clos Dewi Sant, Canton, Cardiff CF11 9EW	£2,697	69	2	Flat
£185K	03/21	0.45 mi	29, Clos Dewi Sant, Canton, Cardiff CF11 9EW	£2,697	69	2	Flat
£158K	05/21	0.45 mi	14, Clos Dewi Sant, Canton, Cardiff CF11 9EW	£2,508	63	2	Flat
£180K	10/21	0.45 mi	7, Clos Dewi Sant, Canton, Cardiff CF11 9EW	£3,207	56	2	Flat
£185K	05/21	0.45 mi	37, Clos Dewi Sant, Canton, Cardiff CF11 9EW	-	-	2	Flat
£185K	03/21	0.45 mi	29, Clos Dewi Sant, Canton, Cardiff CF11 9EW	£2,697	69	2	Flat
£173K	07/23	0.45 mi	Flat 102, Altolusso, Bute Terrace, Cardiff CF10 2FG	-	-	2	Flat
£177K	10/20	0.45 mi	Flat 234, Altolusso, Bute Terrace, Cardiff CF10 2FH	-	-	2	Flat
£200K	10/20	0.45 mi	Flat 117, Altolusso, Bute Terrace, Cardiff CF10 2FG	-	-	2	Flat
£153K	04/21	0.45 mi	Flat 174, Altolusso, Bute Terrace, Cardiff CF10 2FG	-	-	2	Flat
£168K	08/21	0.45 mi	Flat 263, Altolusso, Bute Terrace, Cardiff CF10 2FH	-	-	2	Flat
£155K	10/21	0.45 mi	Flat 107, Altolusso, Bute Terrace, Cardiff CF10 2FG	-	-	2	Flat
£176K	02/23	0.45 mi	Flat 55, Altolusso, Bute Terrace, Cardiff CF10 2FF	-	-	2	Flat
£225K	06/23	0.45 mi	Flat 183, Altolusso, Bute Terrace, Cardiff CF10 2FH	-	-	2	Flat
£180K	12/22	0.45 mi	Flat 160, Altolusso, Bute Terrace, Cardiff CF10 2FG	-	-	2	Flat
£115K	02/21	0.57 mi	137a, Ninian Park Road, Cardiff CF11 6HX	£2,443	47	2	Flat
£93.6K	10/21	0.6 mi	75a, Wells Street, Cardiff CF11 6DY	£1,560	60	2	Flat
£118K	11/20	0.64 mi	Flat 4, Wellington Mews, Wellington Street, Cardiff CF11 9BE	-	-	2	Flat
£140K	06/21	0.69 mi	113, Kings Road, Cardiff CF11 9DB	-	-	2	Flat
£215K	05/21	0.73 mi	Flat 23, Spillers & Bakers, Llansannor Drive, Cardiff CF10 4BX	-	-	2	Flat
£197K	03/21	0.73 mi	Flat 29, Spillers & Bakers, Llansannor Drive, Cardiff CF10 4BX	-	-	2	Flat
£182.5K	06/21	0.73 mi	Flat 10, Jellicoe Court, Atlantic Wharf, Cardiff CF10 4AJ	-	-	2	Flat
£177.5K	11/20	0.74 mi	Flat 14, Beatty Court, Schooner Way, Cardiff CF10 4DU	-	-	2	Flat
£162.5K	05/21	0.74 mi	Flat 8, Anson Court, Atlantic Wharf, Cardiff CF10 4AL	-	-	2	Flat
£180K	09/23	0.76 mi	8 York Court, Schooner Way, Cardiff CF10 4DY	-	-	2	Flat
£150K	01/21	0.76 mi	30, Cathays Terrace, Cardiff CF24 4HX	£2,419	62	2	Flat
£270K	03/21	0.77 mi	Apartment 5, City Wharf, Atlantic Wharf, Cardiff CF10 4HG	-	-	2	Flat
£203.8K	04/23	0.77 mi	Flat 9, Earl Cunningham Court, Schooner Way, Cardiff CF10 4DX	-	-	2	Flat
£153K	12/20	0.79 mi	9a, Cathays Terrace, Cardiff CF24 4HS	£3,034	50	2	Flat
£172.5K	06/23	0.8 mi	21, Virgil Court, Cardiff CF11 6PE	£2,537	68	2	Flat
£122K	01/21	0.81 mi	49, Catherine Street, Cardiff CF24 4EF	£2,033	60	2	Flat
£148K	03/21	0.82 mi	54, Schooner Way, Cardiff CF10 4EQ	£2,868	52	2	Flat

Local Rents

51 rents from £950/mo to £2.6K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£975	03/24	0.01 mi	The Grand, Westgate Street, City Centre	2	Flat
£1,500	03/24	0.02 mi	Westgate Street, City Centre	2	Flat
£1,300	04/24	0.02 mi	Westgate Street, City Centre	2	Flat
£1,675	02/25	0.03 mi	-	2	Flat
£1,400	02/25	0.03 mi	-	2	Flat
£1,350	12/24	0.03 mi	-	2	Flat
£1,200	03/24	0.04 mi	Kenilworth House, Westgate Street	2	Flat
£1,275	04/24	0.04 mi	Westgate Street, Cardiff	2	Flat
£1,450	03/24	0.04 mi	Dunraven House, Westgate Street, Cardiff	2	Flat
£1,200	04/24	0.07 mi	High Street, Cardiff	2	Flat
£1,350	04/24	0.07 mi	Castle Chambers, City Centre ( 2 Bed )	2	House
£2,250	01/25	0.15 mi	-	2	Flat
£2,600	03/25	0.15 mi	-	2	Flat
£1,250	03/24	0.15 mi	Golate Street, CARDIFF	2	Flat
£1,050	04/24	0.15 mi	Golate Street, Cardiff, Cardiff (County of), CF10	2	Flat
£1,250	05/24	0.16 mi	-	2	Flat
£1,650	02/24	0.16 mi	-	2	Flat
£1,400	03/24	0.16 mi	Golate Street, Cardiff, CF10	2	Flat
£1,250	03/24	0.16 mi	-	2	Flat
£1,250	03/24	0.16 mi	Golate Street, Cardiff, CF10	2	Flat
£1,250	04/24	0.16 mi	Golate Street, Cardiff, CF10	2	Flat
£1,300	03/24	0.19 mi	St. Mary Street, Cardiff	2	House
£1,500	04/24	0.19 mi	Parkview Court, Cardiff, CF11	2	Flat
£1,500	04/24	0.19 mi	-	2	Flat
£1,500	04/24	0.19 mi	-	2	Flat
£1,300	05/24	0.19 mi	Parkview Court, Coldstream Terrace	2	Flat
£1,100	04/24	0.21 mi	Plantagenet Street, City Centre, Cardiff	2	Flat
£1,100	03/24	0.23 mi	Plantagenet Street, Cardiff	2	Flat
£1,050	03/24	0.24 mi	Fitzhamon Embankment, Riverside, Cardiff	2	Flat
£950	04/24	0.25 mi	David Morgan Apartments, Barry Lane, Cardiff	2	Flat
£1,850	04/24	0.25 mi	Barry Lane, Cardiff	2	Flat
£1,550	05/24	0.25 mi	-	2	Flat
£1,000	04/24	0.25 mi	Green Street, Riverside	2	Flat
£1,500	03/24	0.26 mi	Hayes Apartments, Cardiff	2	Flat
£1,450	03/24	0.26 mi	The Hayes Apartments, Cardiff, CF10 1AQ	2	Flat
£1,500	05/24	0.26 mi	Hayes Apartments, Cardiff	2	Flat
£1,500	04/24	0.26 mi	The Hayes, Cardiff	2	Flat
£1,300	05/24	0.26 mi	-	2	Flat
£1,705	03/24	0.27 mi	Wood Street, Cardiff(City), CF10	2	Flat
£1,505	03/24	0.27 mi	Wood Street, Cardiff(City), CF10	2	Flat
£1,505	03/24	0.27 mi	Wood Street, Cardiff(City), CF10	2	Flat
£1,705	03/24	0.27 mi	Wood Street, Cardiff(City), CF10	2	Flat
£1,705	04/24	0.27 mi	Wood Street, Cardiff(City), CF10	2	Flat
£1,505	04/24	0.27 mi	Wood Street, Cardiff(City), CF10	2	Flat
£1,630	04/24	0.27 mi	Wood Street, Cardiff(City), CF10	2	Flat
£1,600	04/24	0.27 mi	Wood Street, Cardiff(City), CF10	2	Flat
£1,600	05/24	0.27 mi	Wood Street, Cardiff(City), CF10	2	Flat
£1,740	05/24	0.27 mi	Wood Street, Cardiff(City), CF10	2	Flat
£1,600	05/24	0.27 mi	Wood Street, Cardiff(City), CF10	2	Flat
£1,400	03/24	0.28 mi	The Hayes, Cardiff	2	Flat
£1,400	04/24	0.28 mi	The Hayes, Cardiff	2	Flat

Local Area Statistics

Population in CF10	15,45015,450
Population in Cardiff	357,494357,494
Town centre distance	1.54 miles away1.54 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	0.38 miles away0.38 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+39%+39%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £160,000

July 2, 2024

Floor Plans

Description

City Centre Location +
First Floor Apartment +
Two Double Bedrooms +
Lounge/Kitchen With Juliet Balcony +
Electric Heating +

Welcome to The Grand on Westgate Street in Cardiff! This charming first-floor flat boasts a generous 759 sq ft of living space, perfect for those seeking a cosy yet spacious home. With two bedrooms, a bathroom, and an inviting open plan lounge kitchen with a Juliet balcony this property offers a comfortable and modern city centre living experience. Situated in a prime location, this flat is ideal for individuals looking to immerse themselves in the vibrant city life of Cardiff. The open plan layout creates a flow between the lounge and kitchen, making it a great space for entertaining guests or simply relaxing after a long day. You will have easy access to a variety of amenities, including shops, restaurants, and entertainment options. Whether you're looking to explore the city's cultural attractions or simply enjoy a leisurely stroll in the nearby parks, this property offers the best of city living. Don't miss out on the opportunity to make this delightful flat your new home. Contact us today to arrange a viewing and experience the charm of The Grand for yourself.

Entrance Hallway -

Lounge/Kitchen - 7.70m x 3.45m (25'3" x 11'4") -

Bedroom - 3.84m x 3.23m (12'7" x 10'7") -

Bedroom - 3.35m x 3.20m (11' x 10'6") -

Bathroom - 2.13m x 1.93m (7' x 6'4") -

Council Tax - Band E

Epc Rating - Rated D

Leasehold - We have been advised by our seller that there is 979 years remaining from a 999 year lease. The annual ground rent is £120 PA and the service charge is £3280 PA.

You will have easy access to a variety of amenities, including shops, restaurants, and entertainment options. Whether you're looking to explore the city's cultural attractions or simply enjoy a leisurely stroll in the nearby parks, this property offers the best of city living. Don't miss out on the opportunity to make this delightful flat your new home. Contact us today to arrange a viewing and experience the charm of The Grand for yourself.

Agent Details

Jeffrey Ross, Pontcanna

029 2271 4459

Next Steps?

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

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