2 Bed Terraced House, Refurb/BRRR, Cardiff, CF14 2HR, £175,000

38 Cornelly Street, Llandaff North, Cardiff CF14 2HR - 10 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~54 m²
+5 photos

ValuationUndervalued

Sold Prices£195K - £490K
Sold Prices/m²£2.5K/m² - £6.4K/m²

 

 

Square Metres

~53.70 m²
Price/m²£3.3K/m²

Value Estimate

£185,136

 

 

End Value (After Refurb)

£196,813

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£21,874

Bridging Loan Interest

£4,594

Total Cash In

£78,718

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£196,813

Mortgage (After Refinance)

£147,609

Mortgage LTV

75%

Cash Released

£16,359

Cash Left In

£62,358

Equity

£49,203

Rent Range

£800 - £3,200

Rent Estimate

£1,136

Running Costs/mo

£862

Cashflow/mo

£274

Cashflow/yr

£3,285

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £195K to £490K, average is £273.5K. £2.5K/m² to £6.4K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£227.2K02/240.02 mi36, Cornelly Street, Cardiff CF14 2HR2
£195K09/210.11 mi38, Cornelly Close, Cardiff CF14 2HT2
£365K07/210.21 mi5, Heol Gabriel, Cardiff CF14 1JS2
£275K08/230.25 mi13, Watson Road, Cardiff CF14 2JA2
£230K06/210.27 mi32, Chamberlain Road, Cardiff CF14 2LX2
£325K11/230.28 mi49, College Road, Llandaff North, Cardiff CF14 2HZ2
£275K01/210.28 mi45, College Road, Llandaff North, Cardiff CF14 2HZ2
£300K03/230.31 mi18, Blosse Road, Cardiff CF14 2JB2
£280K03/210.31 mi29, Blosse Road, Cardiff CF14 2JB2
£270K05/210.34 mi39, Hilton Place, Cardiff CF14 2LU2
£272K08/230.34 mi13, Gabalfa Road, Cardiff CF14 2JH2
£205K10/230.36 mi2, Station Road, Llandaff North, Cardiff CF14 2FF2
£275K07/230.38 mi104, Silver Birch Close, Cardiff CF14 1EP2
£245K03/230.4 mi106, Station Road, Llandaff North, Cardiff CF14 2FH2
£275K11/210.41 mi87, Merthyr Road, Whitchurch, Cardiff CF14 1DE2
£232K12/220.41 mi35, Andrews Road, Cardiff CF14 2JN2
£220K08/230.42 mi30, Andrews Road, Cardiff CF14 2JP2
£270K06/230.42 mi7, Andrews Road, Cardiff CF14 2JN2
£263K05/230.42 mi25, Andrews Road, Cardiff CF14 2JN2
£217K12/200.42 mi9, Andrews Road, Cardiff CF14 2JN2
£200K11/210.42 mi48, Aberporth Road, Cardiff CF14 2RY2
£230K03/230.42 mi76, Aberporth Road, Cardiff CF14 2RY2
£338K06/210.45 mi5, Heol Carne, Cardiff CF14 1HD2
£245K03/230.5 mi10, Glandwr Place, Cardiff CF14 1DP2
£208K11/210.5 mi10, Glandwr Place, Cardiff CF14 1DP2
£244K09/230.5 mi20, Glandwr Place, Cardiff CF14 1DP2
£330K03/230.5 mi11, Hawthorn Road West, Cardiff CF14 2FL2
£331K03/230.5 mi15, Hawthorn Road West, Cardiff CF14 2FL2
£320K06/230.52 mi18, Hazelhurst Road, Cardiff CF14 2FX2
£304K04/230.52 mi70, Hazelhurst Road, Cardiff CF14 2FX2
£265K11/210.53 mi26, Radyr Road, Cardiff CF14 2FU2
£207.9K02/210.56 mi88, Ty Mawr Road, Llandaff North, Cardiff CF14 2FQ2
£463.8K12/230.56 mi3, Yorath Road, Cardiff CF14 1QB2
£257K12/210.57 mi85, Ty Mawr Road, Llandaff North, Cardiff CF14 2FP2
£310K01/240.57 mi12, Heol Gwrgan, Cardiff CF14 1PP2
£329K05/210.58 mi23, Heol Y Gors, Whitchurch, Cardiff CF14 1HF2
£490K01/240.58 mi23, Heol Y Gors, Whitchurch, Cardiff CF14 1HF2
£287K12/200.59 mi7, Bridge Road, Llandaff, Cardiff CF5 2PT2
£465K08/230.59 mi6, Heol Pen Y Fai, Cardiff CF14 1SB2
£350K02/240.59 mi13, Heol Pen Y Fai, Cardiff CF14 1SB2
£280K01/230.6 mi18, Old Church Road, Cardiff CF14 1AE2
£253K10/230.6 mi74, Birchwood Gardens, Cardiff CF14 1HY2
£210K05/210.61 mi194, Mynachdy Road, Cardiff CF14 3HL2
£283.5K08/230.61 mi22, Glan Y Nant Road, Cardiff CF14 1AP2
£230K03/210.62 mi133, Silver Birch Close, Cardiff CF14 1EL2
£325K09/230.63 mi7, Birchwood Gardens, Cardiff CF14 1HZ2
£328K07/230.65 mi14, Bridge Street, Llandaff, Cardiff CF5 2EL2
£300K10/210.65 mi14, Bridge Street, Llandaff, Cardiff CF5 2EL2
£243K06/210.65 mi81, The Philog, Cardiff CF14 1DZ2
£235K12/200.66 mi52, Old Church Road, Cardiff CF14 1AB2

Local Rents

50 rents from £800/mo to £3.2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,40011/240.3 mi-2
£95012/240.3 miPlas Newydd, Whitchurch2
£1,20012/240.35 miCollege Road, Whitchurch, CARDIFF2
£99512/240.38 miBrook Road, Whitchurch, Cardiff2
£99503/250.4 mi-2
£1,15012/240.49 mi-2
£1,15012/240.49 miEvansfield Road, Cardiff, CF142
£1,30012/240.52 miHazelhurst Road, CARDIFF2
£1,10012/240.62 miAlfreda Court, Kingsland Road, Whitchurch2
£1,30012/240.63 mi-2
£1,05012/240.7 miManor Way, Whitchurch, Cardiff2
£1,05002/240.71 mi-2
£1,10012/240.71 miBeale Close, Cardiff, CF52
£1,30012/240.72 miLlantrisant Road, Llandaff2
£99512/240.73 mi-2
£1,05012/240.73 miBeale Close, Danescourt, Cardiff2
£1,25012/240.75 miPetherton Mews, Llantrisant Road Llandaff, Cardiff2
£3,20002/250.79 mi-2
£1,20012/240.79 miMerthyr Road, Whitchurch, Cardiff2
£1,25011/240.8 mi-2
£95012/240.84 miRookwood Close, Llandaff2
£1,00010/240.85 mi-2
£1,20012/240.88 miSamuels Crescent, Whitchurch, Cardiff, CF142
£1,20010/230.88 mi-2
£1,10012/240.88 mi-2
£1,20012/240.88 miNorth Road, Cardiff(City), CF142
£1,20012/240.89 mi-2
£1,20012/240.89 mi-2
£1,20012/240.89 miNorth Road, Cardiff, CF142
£1,90012/240.89 mi-2
£1,80012/240.89 mi-2
£1,70011/240.89 mi-2
£99510/230.94 mi-2
£1,25012/240.96 miNorth Road, Cardiff2
£1,25012/240.96 miNorth Road, Cardiff2
£80012/240.97 miCaerphilly Road, Birchgrove2
£1,25012/240.98 mi-2
£1,05012/240.98 miHeol Seddon2
£95012/240.98 mi-2
£95012/240.98 miFairwood Road, Cardiff, CF52
£1,00012/240.99 miPantbach Rd, Cardiff, CF14 1TZ2
£1,20012/241 mi-2
£1,25003/251 mi-2
£1,20012/241 miWhitchurch Road, Cardiff, CF142
£1,50012/241.01 mi-2
£90012/241.04 miThreipland Drive, Cardiff(City), CF142
£1,15001/251.04 mi-2
£1,00012/241.06 miPhoenix Way, Heath, Cardiff2
£1,40012/241.06 miWhitchurch Road, Cardiff2
£84510/231.1 mi-2

Local Area Statistics

Population in CF14

77,733

Population in Cardiff

357,494

Town centre distance

1.19 miles away

Nearest school

0.30 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Price changed to £175,000

December 4, 2024

Listed for £185,000

September 25, 2024

Floor Plans

Description

  • MID TERRACE +
  • TWO BEDROOMS +
  • IN NEED OF TOTAL REFRUBISHMENT +
  • SOLD AS SEEN +
  • CLOSE TO LOCAL AMENITIES +
  • EXCELLENT TRANSPORT LINKS +
  • NO ONWARD CHAIN +

A rare opportunity to purchase this 2 bedroom, mid terrace property, ideally located on Cornelly Street in Llandaff North. The property needs total renovation to include a full electrical rewire, complete central heating system, roof repairs and modernisation. The property offers superb potential to create a lovely home and briefly comprises, entrance hallway, lounge, kitchen, shower room and two bedrooms. The property is sold ‘as seen’ and with no onward chain.

Hallway - Via UPVC front door to hallway. Carpeted floor, stairs to first floor and door to;

Lounge - 3.77m x 4.25m (12'4" x 13'11") - Overlooking the front aspect with carpeted floor, paper walls, and ceiling, UPVC window and gas fire. Door to;

Kitchen - 4.77m x 1.79m (15'7" x 5'10") - Overlooking the rear aspect, with wall and base units, work surfaces and stainless steel sink. Space and plumbing for appliances. Under stair cupboard. UPVC windows and door to rear garden.

Landing - Carpeted staircase to landing. Doors to all rooms and lo0ft access,

Bedroom One - 4.77m x 2.96m (15'7" x 9'8") - Overlooking the front, with carpeted floor, papered walls and papered ceiling with coving. Fitted cupboard and Upvc window.

Bedroom Two - 2.60m x 3.08m (8'6" x 10'1") - Overlooking the rear, with carpeted floor, papered walls and papered ceiling with coving. Fitted cupboard and UPVC window.

Shower Room - 1.68m x 1.79m (5'6" x 5'10") - Low level WC, wash hand basin and double shower. UPVC window to rear.

Outside - FRONT
The garden has been block paved. Block built boundary walls.

REAR
A good size garden with timber perimeter fencing. * Please note, this is currently inaccessible.

Tenure - This property is understood to be Freehold. This will be verified by the purchaser's solicitor.

Council Tax - Band C

Agent Details

Thomas H Wood, Whitchurch

029 2271 1978

Next Steps?

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