5 Bed HMO, Cardiff, CF10 3DZ, £335,000

90 North Road, Cardiff, CF10 3DZ - 6 views - 8 months ago

HMO
ROI: 2%
95 m²
+15 photos

ValuationOvervalued

Sold Prices£180K - £1.1M
Sold Prices/m²£2K/m² - £4.3K/m²

 

 

Square Metres

95 m²
Price/m²£3.5K/m²

Value Estimate

£299,831

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£15,500

Total Cash In

£99,250

 

 

Cash Out

 

Room Rate

£450

Gross Rent

£2,250

Running Costs/mo

£2,092

Cashflow/mo

£158

Cashflow/yr

£1,901

ROI

2%

Gross Yield

8%

Local Sold Prices

23 sold prices from £180K to £1.1M, average is £510K. £2K/m² to £4.3K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£270K10/210.32 mi4, Treorchy Street, Cardiff CF24 4JP5
£180K05/210.43 mi140, Crwys Road, Cardiff CF24 4NR5
£299.9K03/210.44 mi66, Australia Road, Cardiff CF14 3DA5
£260K02/210.47 mi40, May Street, Cardiff CF24 4EX5
£410K07/220.52 mi12, Kyveilog Street, Cardiff CF11 9JA5
£1.0M03/230.53 mi35, Teilo Street, Cardiff CF11 9JN5
£745K01/210.53 mi10, Dyfrig Street, Cardiff CF11 9LR5
£310K05/230.59 mi42, Harriet Street, Cardiff CF24 4BY5
£425K03/230.68 mi27, Clun Terrace, Cardiff CF24 4RB5
£451K12/200.72 mi217, Mackintosh Place, Cardiff CF24 4RP5
£330K12/220.73 mi35a, Rhymney Street, Cardiff CF24 4DH5
£727.5K03/230.75 mi19, Pitman Street, Cardiff CF11 9DJ5
£600K11/200.75 mi12, Pitman Street, Cardiff CF11 9DJ5
£619.5K02/210.75 mi34, Conway Road, Cardiff CF11 9NT5
£510K03/210.76 mi26, Penhill Road, Cardiff CF11 9PR5
£570K07/210.77 mi2, Tydfil Place, Cardiff CF23 5HP5
£550K12/220.81 mi23, Boverton Street, Cardiff CF23 5ES5
£382.5K06/210.83 mi65, Romilly Crescent, Cardiff CF11 9NQ5
£750K08/220.84 mi50, Hamilton Street, Cardiff CF11 9BQ5
£565K06/210.84 mi184, Llandaff Road, Cardiff CF11 9PX5
£575K02/210.84 mi58, Hamilton Street, Cardiff CF11 9BQ5
£1.1M02/210.94 miFerndale Lodge, 65b, Cardiff Road, Llandaff, Cardiff CF5 2AA5
£440K07/230.98 mi10, Library Street, Cardiff CF5 1QD5

Local Area Statistics

Population in CF10

15,450

Population in Cardiff

357,494

Town centre distance

0.54 miles away

Nearest school

0.20 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+39%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £335,000

August 15, 2024

Sold for £119,000

2004

Sold for £71,000

2001

Floor Plans

Description

  • Ideal investment property +
  • Income of £27,000 P/A +
  • Five bedroom HMO +
  • Open plan design +
  • Large rooms throughout +
  • Let until June 2025 for an 8% return +

A fantastic opportunity awaits wit this large HMO situated on North Road, offering an ideal location for renting. Currently fully let until June 2025 with an annual income of £27,000, ensuring a healthy return on investment and turn key opportunity.

Boasting 5 generously sized double bedrooms, an open plan kitchen and living area, along with a fully fitted bathroom and additional W/C. To the rear there is also a spacious garden, with rea lane access. Finished to a high standard throughout and tastefully decorated with feature walls in each room. The property also benefits from being fully licensed with Cardiff council as a HMO.

Agent Details

Darlows, Albany Road

029 2271 6242

Next Steps?

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