3 Bed Semi-Detached House, Refurb/BRRR, Cardiff, CF11 8BZ, £255,000

70 Broad Street, Cardiff, CF11 8BZ - 4 views - 8 months ago

Refurb/BRRR
ROI: 2%
92 m²
+16 photos

ValuationOvervalued

Sold Prices£180K - £391.1K
Sold Prices/m²£2.1K/m² - £3.6K/m²

 

 

Square Metres

92 m²
Price/m²£2.8K/m²

Value Estimate

£233,750

 

 

End Value (After Refurb)

£267,890

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£9,100

Refurb Costs

£37,455

Bridging Loan Interest

£6,694

Total Cash In

£118,749

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£267,890

Mortgage (After Refinance)

£200,917

Mortgage LTV

75%

Cash Released

£9,667

Cash Left In

£109,082

Equity

£66,972

Rent Range

£499 - £2,400

Rent Estimate

£1,323

Running Costs/mo

£1,122

Cashflow/mo

£201

Cashflow/yr

£2,415

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £180K to £391.1K, average is £297.5K. £2.1K/m² to £3.6K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£275K01/230 mi76, Broad Street, Cardiff CF11 8BZ3
£220K12/220 mi60, Broad Street, Cardiff CF11 8BZ3
£300K07/230 mi58, Broad Street, Cardiff CF11 8BZ3
£310K05/230 mi47, Broad Street, Cardiff CF11 8BZ3
£292.5K11/210.08 mi28, Broadstairs Road, Cardiff CF11 8DE3
£273K06/230.08 mi5, Broadstairs Road, Cardiff CF11 8DE3
£312K08/220.11 mi20, Broadhaven, Cardiff CF11 8DB3
£310K12/220.11 mi24, Broadhaven, Cardiff CF11 8DB3
£230K02/210.12 mi37, Broadhaven, Cardiff CF11 8DA3
£305K07/220.12 mi26, Broadacres, Cardiff CF11 8DD3
£302.5K04/230.13 mi8, Westmoreland Street, Canton, Cardiff CF5 1LU3
£318K06/230.13 mi15, Westmoreland Street, Canton, Cardiff CF5 1LU3
£227.5K11/200.13 mi22, Westmoreland Street, Canton, Cardiff CF5 1LU3
£344.5K10/210.14 mi78, Theobald Road, Cardiff CF5 1LQ3
£367K10/210.14 mi58, Theobald Road, Cardiff CF5 1LQ3
£275K03/210.14 mi59, Theobald Road, Cardiff CF5 1LQ3
£335K01/210.14 mi64, Theobald Road, Cardiff CF5 1LQ3
£391.1K02/230.14 mi72, Theobald Road, Cardiff CF5 1LQ3
£270K06/210.14 mi130, Broad Street, Cardiff CF11 8BW3
£218K11/200.14 mi93, Broad Street, Cardiff CF11 8BW3
£322.6K01/230.15 mi34, Westmoreland Street, Canton, Cardiff CF5 1LU3
£250K02/210.16 mi41, Atlas Road, Cardiff CF5 1PH3
£275K06/230.16 mi43, Atlas Road, Cardiff CF5 1PH3
£290.5K09/210.16 mi15, Lansdowne Avenue East, Canton, Cardiff CF11 8BU3
£304K06/230.17 mi11, Beda Road, Cardiff CF5 1LX3
£235K10/230.18 mi31, Alexandra Road, Canton, Cardiff CF5 1NT3
£200K05/210.18 mi17, Leckwith Place, Cardiff CF11 6HR3
£295K09/230.18 mi3, Cumberland Street, Cardiff CF5 1LT3
£310K04/230.18 mi15, Cumberland Street, Cardiff CF5 1LT3
£295K01/210.18 mi42, Alexandra Road, Canton, Cardiff CF5 1NU3
£275K06/230.19 mi4, Denton Road, Cardiff CF5 1PE3
£311.3K10/210.19 mi82, Beda Road, Cardiff CF5 1LY3
£345K06/210.19 mi74, Beda Road, Cardiff CF5 1LY3
£285K09/230.19 mi44, Beda Road, Cardiff CF5 1LY3
£300K05/210.2 mi39, Hanover Street, Cardiff CF5 1LS3
£310.5K02/230.2 mi21, Hanover Street, Cardiff CF5 1LS3
£305K05/230.2 mi25, Denton Road, Cardiff CF5 1PD3
£270K03/210.2 mi19, Denton Road, Cardiff CF5 1PD3
£270K02/210.2 mi26, Atlas Place, Cardiff CF5 1PG3
£320K02/210.2 mi24, Atlas Place, Cardiff CF5 1PG3
£265K02/210.21 mi133, Lansdowne Road, Cardiff CF5 1PS3
£280K02/230.22 mi108, Lansdowne Road, Cardiff CF5 1PW3
£389K09/210.24 mi31, York Street, Cardiff CF5 1ND3
£320K01/210.24 mi19, York Street, Cardiff CF5 1ND3
£330.1K11/200.24 mi37, York Street, Cardiff CF5 1ND3
£310.1K08/210.24 mi28, Brunswick Street, Cardiff CF5 1LH3
£287.5K04/210.24 mi16, Brunswick Street, Cardiff CF5 1LH3
£310K09/230.24 mi24, Brunswick Street, Cardiff CF5 1LH3
£180K09/210.25 mi21, Sloper Road, Cardiff CF11 8AD3
£218K05/230.26 mi11, Walford Place, Cardiff CF11 6HS3

Local Rents

24 rents from £499/mo to £2.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40003/240.03 miBroad Street, Canton, Cardiff, 3
£1,25011/230.12 miBroadhaven, Leckwith, Cardiff3
£1,50004/240.12 miBroadacres, CARDIFF3
£1,35012/240.26 miAlexandra Road, Canton3
£1,80002/240.3 mi-3
£1,30003/240.35 miBartley Wilson Way, Cardiff3
£1,19502/250.36 mi-3
£1,19502/250.36 mi-3
£1,00005/240.36 mi-3
£1,35005/240.39 miLlandaff Road, Flat 2, Canton, CF11 9NJ3
£2,40012/240.4 mi-3
£1,39503/250.45 mi-3
£1,30002/250.45 mi-3
£1,20003/240.46 miWells Street, CARDIFF3
£49905/240.48 miCanton Court, Cardiff(City), CF113
£1,30004/240.49 miWells Street, CARDIFF3
£1,35004/240.5 miRennie Street, Cardiff(City), CF113
£1,30001/250.53 mi-3
£77512/240.53 miWyndham Crescent, Aberdare, Rhondda Cynon Taff3
£1,10003/240.54 miTrevethick Street, Riverside, Cardiff3
£1,20012/240.54 miNesta Road, Canton, Cardiff3
£1,57512/240.55 miRomilly Road, Canton3
£1,49512/240.58 mi-3
£1,30012/240.59 miEthel Street, CARDIFF3

Local Area Statistics

Population in CF11

36,147

Population in Cardiff

357,494

Town centre distance

1.78 miles away

Nearest school

0.30 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Listed for £255,000

July 20, 2024

Sold for £153,500

2006

Sold for £117,000

2002

Floor Plans

Description

  • NO CHAIN!!! EXTENDED 3-BED SEMI-DETACHED FAMILY HOME +
  • PROPERTY REQUIRES MODERNISATION +
  • DOUBLE BAY FRONTED +
  • PORCH ENTRANCE +
  • OPEN-PLAN LIVING & SITTING ROOMS +
  • OPEN-PLAN KITCHEN/DINER - EXTENDED +
  • DOWNSTAIRS W.C & UPSTAIRS FAMILY BATHROOM +
  • BRICK-PAVED DRIVEWAY +
  • LARGE & ENCLOSED REAR GARDEN +
  • FREEHOLD +

* Guide Price: £255,000 * NO CHAIN - EXTENDED 3-BED SEMI-DETACHED FAMILY HOME - THIS SPACIOUS PROPERTY REQUIRES MODERNISATION - DOUBLE BAY-FRONTED - CLOAKROOM/DOWNSTAIRS W.C - PORCH ENTRANCE - OPEN-PLAN LIVING & SITTING ROOMS - OPEN-PLAN & EXTENDED KITCHEN/DINER - UPSTAIRS FAMILY BATHROOM & 3 BEDROOMS - BRICK-PAVED DRIVEWAY - LARGE & ENCLOSED REAR GARDEN - FREEHOLD. MR HOMES Offer FOR SALE with NO CHAIN THIS 3-Bed Semi-Detached Double Bay Fronted Family Home, comprising in brief; Porch Entrance, Hallway, Living Room, Sitting Room, Extended Kitchen & Dining Room, Downstairs W.c, Staircase to the First Floor Landing, Hatch to the Loft housing the Ideal c30kw Combi-Boiler, Bedrooms 1, 2, 3 & a Family Bathroom. The Front Garden is Low-Maintenance, the Rear Garden is Large & Enclosed. Brick-Paved Private Driveway to Front. uPVC Double Glazing Windows & Gas Central Heating Powered by an Ideal c30kw Combi-Boiler.
EPC Rating = C. Council Tax Band = D.
SCHOOL CATCHMENTS: Lansdowne Primary School (year 2024-25) - Ysgol Pwll Coch (year 2024-25) - Fitzalan High School (year 2024-25) - Ysgol Gyfun Gymraeg Glantaf (year 2024-25)
Early Viewing Highly Recommended Contact Us On : option 2

To submit your offer, please visit: Make an Offer (mr-homes.co.uk) or call the Branch and speak to a member of the Sales Team

FREE MORTGAGE ADVICE AVAILABLE ON YOUR REQUEST PLEASE CONTACT MR HOMES: option 4

Agent Details

Mr Homes Sales and Lettings, Cardiff

029 2271 5559

Next Steps?

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