2 Bed Flat, Refurb/BRRR, Cardiff, CF24 3QB, £170,000

Claude Road, Roath, Cardiff, CF24 3QB - 3 views - 6 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+5 photos

ValuationFair Value

Sold Prices£95K - £532.5K
Sold Prices/m²£1.6K/m² - £19.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£171,673

 

 

End Value (After Refurb)

£202,492

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£27,830

Bridging Loan Interest

£4,463

Total Cash In

£82,843

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£202,492

Mortgage (After Refinance)

£151,869

Mortgage LTV

75%

Cash Released

£24,369

Cash Left In

£58,474

Equity

£50,623

Rent Range

£620 - £1,450

Rent Estimate

£1,138

Running Costs/mo

£880

Cashflow/mo

£258

Cashflow/yr

£3,091

ROI

4%

Gross Yield

8%

Local Sold Prices

38 sold prices from £95K to £532.5K, average is £167.5K. £1.6K/m² to £19.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£163K02/210.06 mi106, Claude Road, Cardiff CF24 3QD2
£202K07/230.19 miFlat 6, Princes Mansions, Princes Street, Cardiff CF24 3PS2
£215K03/210.19 mi42a, Marlborough Road, Cardiff CF23 5BX2
£157K01/230.24 mi4a, Bangor Street, Cardiff CF24 3LR2
£205K10/200.33 mi37, Kimberley Road, Cardiff CF23 5DJ2
£180K11/210.33 mi91a, Alfred Street, Cardiff CF24 4TZ2
£255K06/210.37 mi20e, Wordsworth Avenue, Cardiff CF24 3FR2
£500K01/230.44 mi3, Ty-draw Road, Penylan, Cardiff CF23 5HA2
£150K06/210.46 mi224b, Newport Road, Cardiff CF24 1DN2
£134K05/210.47 mi18b, Sapphire Street, Cardiff CF24 1PZ2
£242.5K03/210.48 mi58, Richards Terrace, Cardiff CF24 1RX2
£95K12/200.5 mi33, Helen Place, Cardiff CF24 1NS2
£132K10/210.51 miFlat 10, Stonewell Court, Tygwyn Road, Cardiff CF23 5AY2
£132K01/210.52 miFlat 12, Stonewell Court, Tygwyn Road, Cardiff CF23 5AY2
£155K01/210.56 mi66, Doe Close, Penylan, Cardiff CF23 9HJ2
£165K04/210.56 mi60, Doe Close, Penylan, Cardiff CF23 9HJ2
£116K07/210.58 mi55, Cecil Street, Roath, Cardiff CF24 1NW2
£252K02/210.62 mi81a, Ninian Road, Cardiff CF23 5EN2
£165K11/210.68 miFlat 15, Edward Nicholl Court, Waterloo Road, Penylan, Cardiff CF23 9BW2
£185K12/220.69 mi44, Ffordd Nowell, Penylan, Cardiff CF23 9FA2
£170K03/210.69 miFlat 2, Raglan Court, Langdale Close, Cardiff CF23 5LY2
£132.5K03/210.7 mi121a, Railway Street, Cardiff CF24 2NA2
£122K01/210.73 mi49, Catherine Street, Cardiff CF24 4EF2
£150K01/210.75 mi30, Cathays Terrace, Cardiff CF24 4HX2
£153K12/200.76 mi9a, Cathays Terrace, Cardiff CF24 4HS2
£130K07/210.8 miFirst Floor Flat, 54, Moorland Road, Cardiff CF24 2LN2
£150K09/220.8 miFirst Floor Flat, 54, Moorland Road, Cardiff CF24 2LN2
£532.5K06/230.83 miApartment 25, Parkview, Greyfriars Road, Cardiff CF10 3AL2
£322K06/230.83 miApartment 17, Parkview, Greyfriars Road, Cardiff CF10 3AL2
£115K11/200.84 mi33a, Carlisle Street, Cardiff CF24 2DQ2
£217K04/210.85 miFlat 5, Fairoak Court, Lady Mary Road, Cardiff CF23 5PD2
£220K06/230.85 miFlat 19, Fairoak Court, Lady Mary Road, Cardiff CF23 5PD2
£275K02/210.92 miFlat 1, Cornborough Lodge, Ty Gwyn Road, Penylan, Cardiff CF23 5JG2
£333.6K11/210.95 miFlat 2, Monmouth House, Cyncoed Gardens, Cardiff CF23 5SL2
£350K08/210.95 miFlat 8a, Worcester House, Cyncoed Gardens, Cardiff CF23 5SL2
£355K12/210.95 miFlat 5, Clifton House, Cyncoed Gardens, Cardiff CF23 5SL2
£120K02/210.98 mi17, Deemuir Square, Cardiff CF24 2QX2
£170K11/220.99 mi6, De Bawdrip Road, Cardiff CF24 2TN2

Local Rents

52 rents from £620/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10012/240 miClaude Road, Cardiff2
£96512/240.03 miCottrell Road, Roath, CF24 3EZ2
£94012/240.03 miCottrell Road, Roath, CF24 3EZ2
£94012/240.04 miClaude Road, Roath, Cardiff2
£80012/240.06 miClaude Road, Cardiff(City), CF242
£1,10012/240.07 miConnaught Road, Cardiff, CF24 3PX2
£99012/240.08 miClaude Rd, Roath Cardiff.2
£95012/240.08 miArran Street, Roath, Cardiff2
£85012/240.11 miClaude Road, Roath2
£87503/250.13 mi-2
£1,40012/240.13 miRoath, Cardiff, CF242
£1,40012/240.13 mi-2
£1,10012/240.13 miAlbany Road, CARDIFF2
£1,10012/240.13 miAlbany Road, CARDIFF2
£1,15012/240.14 miAlbany Road, Cardiff2
£1,20003/240.14 mi-2
£1,15002/240.17 mi-2
£1,45012/240.17 miOakfield Street, Cardiff2
£1,40003/240.17 miMarlborough Road, Roath, CF232
£1,30001/240.17 mi-2
£1,15002/250.17 mi-2
£1,10003/240.19 miMarlborough House, Penylan2
£1,30005/240.2 miMarlborough Road, Roath, Cardiff2
£1,30005/240.2 miMarlborough Road, Roath, Cardiff2
£1,30003/240.2 miMarlborough Road 2
£1,10012/240.2 miGlenroy Street, Roath, Cardiff2
£1,45002/240.2 mi-2
£1,10004/240.22 miMarlborough Road, Roath Park2
£1,20012/240.23 mi-2
£99503/240.24 miMarlborough Road, Penylan.2
£62003/240.24 miMarlborough Road, Cardiff, Cardiff (County of), CF232
£1,15003/240.25 mi-2
£1,25012/230.25 mi-2
£1,15012/240.25 mi-2
£1,15012/240.25 miElm Street Lane, Cardiff, CF242
£1,15005/240.25 mi-2
£1,25012/230.25 mi-2
£1,20001/250.25 mi-2
£1,20012/240.25 miBangor Street, CARDIFF2
£1,15012/240.25 miKeppoch Street, Roath, Cardiff, CF24 3JW2
£1,40012/240.25 mi-2
£1,20001/250.26 mi-2
£1,15012/240.26 miKeppoch Street, Cardiff2
£1,39512/240.27 mi-2
£1,39512/240.27 mi-2
£1,39512/240.27 miPartridge Road, Cardiff, CF242
£1,10012/240.27 miBangor Street, Roath Park2
£95012/240.28 miCyfarthfa Street, Roath2
£97512/240.28 miPartridge Road, Cardiff(City), CF242
£1,10012/240.28 miPartridge Road, CARDIFF2
£95012/240.28 miPartridge Road, Cardiff(City), CF242
£1,19512/240.3 miCity Rd, Roath2

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

1.39 miles away

Nearest school

0.20 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £170,000

September 24, 2024

Floor Plans

Description

  • Guide Price £170,000 - £180,000 +
  • No Chain +
  • Prime location +
  • Excellent transport links +
  • Large Bayfront Window +
  • Proximity to schools +
  • Ideal for personalisation +
  • Great investment potential +

Presenting a unique opportunity to purchase a well-structured, though in need of modernising, two-bedroom flat with exceptional potential. This property is an ideal choice for couples, sharers, and students looking for a home with character and room for personalisation.

The flat boasts a spacious master bedroom that is bathed in natural light, enhancing the room's welcoming atmosphere. The second bedroom, though more compact, is a comfortable double room offering an abundance of light, making it an inviting space. The large bathroom provides ample space for relaxation and personal care.

This property is set apart by its high ceilings, a feature that extends to the reception room. This room is separate, furnished with large windows that allow for generous natural light to flood the room, highlighting the beautiful wood floors. The room's high ceilings add to its sense of space and grandeur, perfect for both entertaining and cosy evenings in.

The flat is situated in a prime location with excellent public transport links and local amenities within walking distance. Families will also appreciate the proximity to nearby schools. For those who value outdoor spaces, the surrounding green spaces and nearby parks provide a welcome retreat from city life.

This property offers a unique opportunity for those willing to invest some time and effort into modernising it to their taste. With its excellent location, unique features, and potential, this flat is a fantastic investment opportunity not to be missed.

Agent Details

Moginie James, Roath

029 2271 0655

Next Steps?

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