2 Bed Flat, Refurb/BRRR, Cardiff, CF14 4SD, £155,000

34 Ty Wern Court, Philip Close, Rhiwbina, Cardiff CF14 4SD - 1 views - 6 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~73 m²
+10 photos

ValuationFair Value

Sold Prices£105K - £435K
Sold Prices/m²£1.8K/m² - £3.9K/m²

 

 

Square Metres

~72.80 m²
Price/m²£2.1K/m²

Value Estimate

£158,100

 

 

End Value (After Refurb)

£219,008

Uplift in Value

+41%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£29,654

Bridging Loan Interest

£4,069

Total Cash In

£80,073

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£219,008

Agent Fees (1%)

£2,190

Bridging Loan

£116,250

Bridging Loan Interest

£4,069

Flip Profit

£20,496

Local Sold Prices

50 sold prices from £105K to £435K, average is £160K. £1.8K/m² to £3.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£147K04/210.03 miFlat 4, The Gables, Ty Wern Road, Cardiff CF14 4SF2
£189.5K01/230.11 mi70, Phoenix Way, Cardiff CF14 4PQ2
£176.9K03/210.13 mi46, Phoenix Way, Cardiff CF14 4PQ2
£160K12/200.13 mi32, Phoenix Way, Cardiff CF14 4PQ2
£162K02/210.13 mi40, Phoenix Way, Cardiff CF14 4PQ2
£150K03/210.15 mi55, Latteys Close, Cardiff CF14 4PZ2
£150K03/210.16 mi55, Latteys Close, Cardiff CF14 4PZ2
£160K07/210.17 mi40, Threipland Drive, Cardiff CF14 4PW2
£154K12/220.18 mi25, Ffordd Ty Unnos, Cardiff CF14 4NJ2
£158K12/220.18 mi9, Ffordd Ty Unnos, Cardiff CF14 4NJ2
£169.9K10/230.18 mi15, Ffordd Ty Unnos, Cardiff CF14 4NJ2
£155K04/210.25 mi35, Tasker Square, Llanishen, Cardiff CF14 5ET2
£170K01/230.25 mi18, Tasker Square, Llanishen, Cardiff CF14 5ET2
£154K05/230.35 mi31, Watkins Square, Cardiff CF14 4NH2
£155K02/230.35 mi37, Watkins Square, Cardiff CF14 4NH2
£200K03/230.39 mi66, Watkins Square, Llanishen, Cardiff CF14 5FL2
£152K11/200.4 mi77, Tatham Road, Llanishen, Cardiff CF14 5FD2
£150K08/210.51 mi28, Ashbourn Way, Llanishen, Cardiff CF14 5EY2
£147.5K05/210.54 miFlat 12, Melbourne Court, Tyn Y Parc Road, Cardiff CF14 6BD2
£400K05/210.55 mi10, Ty Gwyn Road, Rhiwbina, Cardiff CF14 6NF2
£162K10/210.57 mi52, Clos Hendre, Cardiff CF14 6PP2
£155K12/220.57 mi54, Clos Hendre, Cardiff CF14 6PP2
£163.5K01/230.57 mi39, Clos Hendre, Cardiff CF14 6PP2
£377.5K11/200.59 mi67, King George V Drive West, Cardiff CF14 4EF2
£435K09/210.6 mi25, Yorath Road, Cardiff CF14 1QB2
£170K11/220.63 miFlat 3, Minavon, Tyn Y Parc Road, Cardiff CF14 6BE2
£117K03/210.63 miFlat 2, Minavon, Tyn Y Parc Road, Cardiff CF14 6BE2
£168K06/230.64 miFlat 3, Greenwood Court, Bryntirion, Cardiff CF14 6NQ2
£170K01/210.64 mi19, Mur Gwyn, Cardiff CF14 6NR2
£186.5K02/230.67 miFlat 5, Retford Court, The Philog, Cardiff CF14 1EE2
£197K08/230.67 miFlat 13, Retford Court, The Philog, Cardiff CF14 1EE2
£194K08/230.7 mi20, Blaen Y Coed, Rhiwbina, Cardiff CF14 6LL2
£140K12/200.72 mi6, Warren Evans Court, Cardiff CF14 1DQ2
£181K03/210.73 mi131, Pen Y Dre, Rhiwbina, Cardiff CF14 6EL2
£195K11/230.73 mi133, Pen Y Dre, Rhiwbina, Cardiff CF14 6EL2
£197K05/230.73 miFlat 9, St. Mary's Court, Tyn Y Pwll Road, Cardiff CF14 1AG2
£177K11/230.73 miFlat 8, St. Mary's Court, Tyn Y Pwll Road, Cardiff CF14 1AG2
£160K04/210.75 mi12, Llwyn Grug, Cardiff CF14 6LN2
£130K06/230.76 miFlat 26, Cwrt Deri, Heol Y Felin, Rhiwbina, Cardiff CF14 6JB2
£112K12/230.76 miFlat 3, Rialto Court, Old Church Road, Cardiff CF14 1AJ2
£105K08/210.76 miFlat 28, Cwrt Deri, Heol Y Felin, Rhiwbina, Cardiff CF14 6JB2
£117.3K01/230.77 miFlat 19, Cwrt Deri, Heol Y Felin, Rhiwbina, Cardiff CF14 6JB2
£135K06/210.77 mi41, Warren Evans Court, Cardiff CF14 1DR2
£138K12/230.78 miFlat 8, Carew Court, Curlew Close, Cardiff CF14 1BQ2
£138K11/230.78 miFlat 9, Carew Court, Curlew Close, Cardiff CF14 1BQ2
£165K05/210.79 mi66b, Heol Llanishen Fach, Cardiff CF14 6LF2
£125K02/210.79 mi94, Heol Llanishen Fach, Cardiff CF14 6LF2
£140K11/200.79 mi70b, Heol Llanishen Fach, Cardiff CF14 6LF2
£135K01/210.82 mi2c, Heol Llanishen Fach, Cardiff CF14 6LD2
£162.5K06/230.83 miFlat 4, Manor Court, Ash Grove, Whitchurch, Cardiff CF14 1BJ2

Local Rents

12 rents from £800/mo to £1.1K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00012/240.12 miPhoenix Way, Heath, Cardiff2
£90012/240.17 miThreipland Drive, Cardiff(City), CF142
£1,00012/240.22 miPantbach Rd, Cardiff, CF14 1TZ2
£1,10012/240.23 miPorthamal Road, Rhiwbina, Cardiff, CF142
£1,00010/240.38 mi-2
£1,10012/240.4 miTatham Road, Cardiff, CF142
£1,05012/240.47 miManor Way, Whitchurch, Cardiff2
£1,05002/240.48 mi-2
£80012/240.49 miCaerphilly Road, Birchgrove2
£1,09512/240.49 miTatham Road, Llanishen2
£1,00012/240.51 miAshbourn Way2
£1,00002/250.58 mi-2

Local Area Statistics

Population in CF14

77,733

Population in Cardiff

357,494

Town centre distance

1.26 miles away

Nearest school

0.50 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £155,000

September 13, 2024

Floor Plans

Description

  • FIRST FLOOR APARTMENT +
  • TWO DOUBLE BEDROOMS +
  • GENEROUS LOUNGE/DINING ROOM +
  • COMMUNAL GARDENS +
  • GARAGE +
  • CLOSE TO LOCAL AMENITIES +
  • EXCELLENT TRANSPORT LINKS +
  • LONG LEASE +
  • NO ONWARD CHAIN +

A spacious and well presented 2 double bed, first floor flat situated in the popular village of Rhiwbina. The development is managed to an exceptionally high standard with efficient maintenance of communal services including, window cleaning, regular cleaning of interior communal areas and full maintenance of the grounds. The property is in need of some updating but offers excellent potential and is offered for sale with no onward chain. Furthermore, the property benefits from a long lease and excellent communal gardens.

Entrance Hall - A long a flagstone path to the front entrance of the block up one flight of stairs, well maintained communal areas, uPVC double glazed windows. Entrance via uPVC front door.

Hallway - Fitted carpets, electric storage radiators, papered walls, storage cupboards and doors to all rooms.

Lounge/Dining Room - 4.24m x 4.67m (13'10" x 15'3") - A very large reception room with uPVC double glazed window overlooking the front aspect, fitted carpets, papered walls, textured ceiling and storage heater.

Kitchen - 3.13 x 4.06 (10'3" x 13'3") - Generous kitchen with a good mixture of wall and base units with contrasting worktops, electric oven and hob, space for fridge freezer and washing machine. 1 1/2 bowl and drainer, lino flooring, UPVC window to rear aspect, painted walls and textured ceiling.

Shower Room - 1.71m x 2.12m (5'7" x 6'11") - Tiled walls and floors, enclosed shower with glazed shower screen and electric shower. Low-level WC, pedestal basin and chrome taps, storage heater, UPVC window to the rear aspect

Bedroom One - 3.37m x 4.67m (11'0" x 15'3") - Superb double bedroom with carpeted floor, papered walls, papered ceiling, fitted wardrobes, UPVC window overlooking the front aspect, storage heater.

Bedroom Two - 3.83m x 2.88m (12'6" x 9'5") - A further double bedroom, with carpeted floor, papered walls, papered ceiling, UPVC window to rear aspect, storage heater.

Outside - Well maintained communal gardens well stocked with mature plants and shrubs. Extensive communal area at the rear which also includes a dedicated drying area with washing lines.
The property also benefits from a garage. Ample parking at the head of the cul-de-sac in front of the flats, and further off road parking.

Tenure - Leasehold term 999 years from 1984 .
Service charge £80 per month includes annual ground rent.
Share of Freehold

Council Tax - Band D

Agent Details

Thomas H Wood, Whitchurch

029 2271 1978

Next Steps?

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