3 Bed Terraced House, Planning Permission, Cardiff, CF23 9AT, £440,000

Melrose Avenue, Penylan, Cardiff, CF23 9AT - 9 months ago

Planning
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£220K - £700K
Sold Prices/m²£2.8K/m² - £5K/m²

 

 

Square Metres

~93 m²
Price/m²£4.7K/m²

Value Estimate

£343,816

 

 

End Value (After Refurb)

£377,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£110,000

Stamp Duty & Legal Fees

£35,200

Refurb Costs

£38,000

Bridging Loan Interest

£11,550

Total Cash In

£196,500

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£377,500

Mortgage (After Refinance)

£283,125

Mortgage LTV

75%

Cash Left In

£196,500

Equity

£94,375

Rent Range

£1,050 - £2,750

Rent Estimate

£1,525

Running Costs/mo

£1,505

Cashflow/mo

£20

Cashflow/yr

£244

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £220K to £700K, average is £396K. £2.8K/m² to £5K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£505K12/220.04 mi106, Colchester Avenue, Penylan, Cardiff CF23 9AZ3
£474K02/230.07 mi152, Kimberley Road, Cardiff CF23 5AF3
£473.1K01/230.08 mi132, Kimberley Road, Cardiff CF23 5AF3
£405K11/200.11 mi28, Westville Road, Cardiff CF23 5AG3
£385K11/210.12 mi36, Barons Court Road, Penylan, Cardiff CF23 9DF3
£427.5K04/230.12 mi3, Barons Court Road, Penylan, Cardiff CF23 9DF3
£405K06/230.12 mi10, Ilton Road, Cardiff CF23 5DU3
£390K12/200.12 mi31, Ilton Road, Cardiff CF23 5DU3
£425K06/230.13 mi22, Southcourt Road, Penylan, Cardiff CF23 9DA3
£400K02/210.14 mi39, Deri Road, Cardiff CF23 5AH3
£288K03/210.15 mi40, Deri Road, Cardiff CF23 5AJ3
£258.5K12/200.16 mi37, Foster Drive, Penylan, Cardiff CF23 9BD3
£445K12/220.18 mi17, Stallcourt Avenue, Cardiff CF23 5AL3
£279.9K01/210.18 mi2, Stallcourt Close, Cardiff CF23 5EB3
£285K06/230.18 mi7, Stallcourt Close, Cardiff CF23 5EB3
£400K08/210.18 mi2, Melrose Avenue, Penylan, Cardiff CF23 9AR3
£370K11/220.19 mi3, Firstbrook Close, Cardiff CF23 9ER3
£550K03/210.19 mi55, Barons Court Road, Penylan, Cardiff CF23 9DG3
£402K05/210.19 mi20, Stallcourt Avenue, Cardiff CF23 5AN3
£385K02/210.19 mi14, Stallcourt Avenue, Cardiff CF23 5AN3
£530K07/210.19 mi32, Colchester Avenue, Penylan, Cardiff CF23 9BP3
£550K05/230.21 mi17, Waterloo Gardens, Cardiff CF23 5AA3
£425K04/230.21 mi26, Waterloo Gardens, Cardiff CF23 5AB3
£396K12/200.22 mi3, Mafeking Road, Cardiff CF23 5DQ3
£396K06/210.22 mi21, Mafeking Road, Cardiff CF23 5DQ3
£357K12/200.24 mi24, Hampton Court Road, Penylan, Cardiff CF23 9DH3
£360K11/210.24 mi15, Turnham Green, Penylan, Cardiff CF23 9DL3
£345K01/210.25 mi36, Hampton Court Road, Penylan, Cardiff CF23 9DH3
£338K03/210.26 mi8, Trafalgar Road, Cardiff CF23 5BQ3
£440K10/210.27 mi4, Agincourt Road, Cardiff CF23 5BN3
£320K02/210.29 mi17, Hammond Way, Cardiff CF23 9BB3
£420K03/210.31 mi20, Sturminster Road, Cardiff CF23 5AQ3
£430K02/210.33 mi4, Alma Road, Cardiff CF23 5BD3
£395K10/210.34 mi4, Axminster Road, Cardiff CF23 5AR3
£535K01/230.36 mi34, Southminster Road, Cardiff CF23 5AT3
£517.5K11/220.38 mi5, Southminster Road, Cardiff CF23 5AT3
£700K04/230.39 mi10, Bronwydd Avenue, Cardiff CF23 5JP3
£220K04/230.4 mi10, Boleyn Walk, Cardiff CF23 5HR3
£540K01/230.4 mi13, Llwyn Y Grant Place, Penylan, Cardiff CF23 9EX3
£400K06/210.4 mi24, Pen Y Lan Terrace, Penylan, Cardiff CF23 9EU3
£355K12/200.41 mi39, Princes Street, Cardiff CF24 3SL3
£405K03/210.41 mi44, Princes Street, Cardiff CF24 3SL3
£380K08/210.44 mi25, Timbers Square, Cardiff CF24 3SH3
£385K10/200.44 mi9, Timbers Square, Cardiff CF24 3SH3
£341K04/210.44 mi23, Timbers Square, Cardiff CF24 3SH3
£365K06/230.45 mi6, Oakwood Avenue, Penylan, Cardiff CF23 9HA3
£253K04/210.45 mi7, Well Wood Close, Penylan, Cardiff CF23 9HD3
£370K10/210.49 mi8, Tullock Street, Cardiff CF24 3LU3
£313K06/210.49 mi12, Tullock Street, Cardiff CF24 3LU3
£362.3K03/210.51 mi73, Bangor Street, Cardiff CF24 3LQ3

Local Rents

30 rents from £1.1K/mo to £2.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,59004/240.12 miDoe Close, Penylan, Cardiff3
£1,95004/240.23 miSandringham Road, Penylan, Cardiff3
£1,30003/240.29 miFfordd Nowell, Penylan, Cardiff, CF23 9FB3
£1,25004/240.29 miFfordd Nowell, Penylan, Cardiff3
£1,25005/240.29 miFfordd Nowell, Penylan, Cardiff3
£1,25005/240.29 miFfordd Nowell, Penylan, Cardiff3
£1,33503/240.29 miWaterloo Road, Penylan, Cardiff, CF23 9BL3
£1,20003/240.3 miPen-y-lan Road, Cardiff(City), CF233
£1,50005/240.3 miPen-Y-Lan Road, CARDIFF3
£1,05003/240.36 miBalaclava Road, Penylan3
£2,75012/240.43 mi-3
£2,75003/250.43 mi-3
£1,35012/240.43 miNewport Road, Newport Road, Cardiff, South Glamorgan, CF24 1RH3
£1,20012/240.47 miNewport Road, CARDIFF3
£1,50012/240.48 miNewport Road, Roath3
£1,47512/240.51 miSt Martins Row, Albany Road, Roath3
£1,40004/250.54 mi-3
£1,30002/240.55 mi-3
£1,35004/250.57 mi-3
£1,60012/240.57 miOakfield Street, Roath, Cardiff3
£1,50012/240.57 mi-3
£1,60512/240.58 miArran Street, Cardiff3
£1,60012/240.58 miRoath, Cardiff, CF243
£1,60005/240.58 mi-3
£1,60004/250.58 mi-3
£1,60012/240.59 miBeresford Road, CARDIFF3
£1,37505/240.59 miGrafton Close, Penylan, CARDIFF3
£1,54512/240.6 miTreharris Street, Roath, Cardiff, CF24 3HQ3
£1,25012/240.6 mi-3
£1,40004/240.62 miGrafton Close, Penylan3

Local Area Statistics

Population in CF23

46,988

Population in Cardiff

357,494

Town centre distance

1.60 miles away

Nearest school

0.30 miles away

Nearest train station

1.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Price changed to £440,000

December 27, 2024

Listed for £450,000

July 25, 2024

Description

Three Bedroom ideal family home in the heart of Penylan, a desired popular area.

Spacious and well-presented accommodation. Low maintenance generous garden with rear access via lane. Potential for loft conversion (subject to necessary planning). Downstairs Cloakroom. Double Glazed with modern Central Heating. Close to amenities and great school catchments!

A stylish and extended terrace residence house offering spacious and well-presented accommodation. Situated within Penylan, this family home benefits from excellent school catchment areas such as Cardiff High and the recently opened Welsh school, together with locally based amenities such as the many shops, bars and restaurants of Wellfield and Albany Road. The property offers a grand entrance hall, two generous sized reception rooms, Dining room and an extended and contemporary kitchen/dining room with shower room on the ground floor. There are three bedrooms and modern family bathroom on the first floor and a further spacious loft room with windows to front and rear, ideal to be converted to a fourth bedroom (subject to necessary planning permission. Further benefits include double glazing with a modern gas fired central heating system, a large low maintenance enclosed garden to the rear with rear access via a lane. Early internal inspection recommended to fully appreciate what this property has to offer, call Taylors (Countrywide) to arrange your visit today!

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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