3 Bed Semi-Detached House, Refurb/BRRR, Cardiff, CF23 5PQ, £479,950

39 Windermere Avenue, Roath Park, Cardiff CF23 5PQ - 2 views - 6 months ago

Refurb/BRRR
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£245K - £665K
Sold Prices/m²£2.2K/m² - £6.3K/m²

 

 

Square Metres

~93 m²
Price/m²£5.2K/m²

Value Estimate

£263,500

 

 

End Value (After Refurb)

£399,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£119,988

Stamp Duty & Legal Fees

£27,096

Refurb Costs

£38,000

Bridging Loan Interest

£12,599

Total Cash In

£199,432

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£399,500

Mortgage (After Refinance)

£299,625

Mortgage LTV

75%

Cash Left In

£199,432

Equity

£99,875

Rent Range

£1,250 - £3,200

Rent Estimate

£1,667

Running Costs/mo

£1,602

Cashflow/mo

£65

Cashflow/yr

£782

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £245K to £665K, average is £337.5K. £2.2K/m² to £6.3K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£387K11/230.28 mi82, Heath Park Drive, Cardiff CF14 3QL3
£365K04/210.28 mi215, King George V Drive East, Cardiff CF14 4ER3
£310K11/210.31 mi12, Nant Y Wedal, Cardiff CF14 3QU3
£281.5K10/230.31 mi7, Nant Y Wedal, Cardiff CF14 3QU3
£325K10/230.31 mi33, Nant Y Wedal, Cardiff CF14 3QU3
£345K01/230.31 mi22, Torrens Drive, Cardiff CF23 6DW3
£398K03/230.32 mi9, Eskdale Close, Cardiff CF23 5LF3
£410K01/210.32 mi6, Eskdale Close, Cardiff CF23 5LF3
£665K09/230.35 mi143, King George V Drive East, Cardiff CF14 4EN3
£400K02/230.36 mi5, Miterdale Close, Cardiff CF23 5LG3
£328.4K01/210.36 mi13, Huron Crescent, Cardiff CF23 6DT3
£388K03/230.37 mi10, Huron Crescent, Cardiff CF23 6DT3
£480K07/210.38 mi7, Jellicoe Gardens, Cardiff CF23 5QW3
£400K01/210.38 mi52, Brandreth Road, Cardiff CF23 5LD3
£350K06/210.39 mi6, Everard Way, Cardiff CF23 6DP3
£470K06/210.41 mi7, Sunningdale Close, Cardiff CF23 6HP3
£355K12/200.42 mi1, Miterdale Close, Cardiff CF23 5LG3
£395K10/200.42 mi64, Torrens Drive, Cardiff CF23 6DS3
£365K01/230.44 mi87, Clodien Avenue, Cardiff CF14 3NN3
£305K08/230.45 mi110, Clodien Avenue, Cardiff CF14 3NQ3
£380K08/230.45 mi94, Clodien Avenue, Cardiff CF14 3NQ3
£307K03/210.46 mi53, Torrens Drive, Cardiff CF23 6DR3
£405K06/230.47 mi24, Mountbatten Close, Cardiff CF23 5QH3
£560K01/210.48 mi77, Beatty Avenue, Cardiff CF23 5QS3
£375K09/230.49 mi51, Inglefield Avenue, Cardiff CF14 3PY3
£370K05/230.49 mi15, Inglefield Avenue, Cardiff CF14 3PY3
£560K01/230.49 mi135, King George V Drive North, Cardiff CF14 4EL3
£410K05/210.49 mi9, Deepdale Close, Cardiff CF23 5LR3
£367K04/210.5 mi15, Egremont Road, Cardiff CF23 5LP3
£359K06/210.5 mi31, Egremont Road, Cardiff CF23 5LP3
£293.7K05/210.52 mi4, Summerfield Avenue, Cardiff CF14 3QA3
£360K12/210.52 mi13, Summerfield Avenue, Cardiff CF14 3QA3
£319K11/200.52 mi41, Summerfield Avenue, Cardiff CF14 3QA3
£252K12/200.52 mi37, Summerfield Avenue, Cardiff CF14 3QA3
£290K06/210.53 mi42, Clearwater Way, Cardiff CF23 6DJ3
£290K03/210.53 mi8, Clearwater Way, Cardiff CF23 6DJ3
£295K03/210.53 mi32, Clearwater Way, Cardiff CF23 6DJ3
£330K01/230.54 mi65, Clodien Avenue, Cardiff CF14 3NL3
£290K02/210.54 mi53, Clodien Avenue, Cardiff CF14 3NL3
£322.5K12/200.54 mi3, Clodien Avenue, Cardiff CF14 3NL3
£245K05/210.54 mi63, Llanishen Street, Cardiff CF14 3QB3
£330K06/210.55 mi22, Carnegie Drive, Cardiff CF23 6DH3
£259.9K11/200.55 mi15, Manor Street, Cardiff CF14 3PU3
£270K05/230.55 mi1a, Manor Street, Cardiff CF14 3PU3
£322K02/230.56 mi143, Malefant Street, Cardiff CF24 4QF3
£266K06/210.56 mi37, Edington Avenue, Cardiff CF14 3QF3
£309.5K10/200.56 mi27, Edington Avenue, Cardiff CF14 3QF3
£290K04/210.56 mi35, Edington Avenue, Cardiff CF14 3QF3
£260K04/210.58 mi77, Llanishen Street, Cardiff CF14 3QD3
£251K12/200.58 mi33, Manor Street, Cardiff CF14 3PW3

Local Rents

14 rents from £1.3K/mo to £3.2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50012/240.24 mi-3
£1,95003/240.27 miLake View Apartments, Lady Mary Road, Cardiff3
£1,42504/240.28 miTorrens Drive, Lakeside3
£1,65003/240.43 miCefn Coed Avenue, Cyncoed, Cardiff3
£1,75012/240.46 mi-3
£1,56502/250.53 mi-3
£1,30012/240.55 miAllensbank Road, Heath, Cardiff3
£3,20012/240.55 mi-3
£1,49512/240.56 miEdington Avenue, Cardiff(City), CF143
£1,50004/240.6 miClearwater Way, CARDIFF3
£1,50003/240.6 miClearwater Way, CARDIFF3
£1,40004/240.6 miClearwater Way, CARDIFF3
£2,00003/250.6 mi-3
£1,25012/240.61 miAllensbank Crescent, Heath, Cardiff3

Local Area Statistics

Population in CF23

46,988

Population in Cardiff

357,494

Town centre distance

0.73 miles away

Nearest school

0.50 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Listed for £479,950

October 4, 2024

Floor Plans

Description

  • SEMI-DETACHED +
  • THREE DOUBLE BEDROOMS +
  • TWO RECEPTION ROOMS +
  • DOWN STAIRS W.C. +
  • GARAGE +
  • OFF ROAD PARKING +
  • CARDIFF HIGH CATCHMENT +
  • CLOSE TO LOCAL AMENITIES +
  • VIEWING RECOMMENDED +
  • NO ONWARD CHAIN +

A rare opportunity to purchase this three bedroom semi-detached family home, ideally located on Windermere Avenue in Roath Park. The property has been a cherished family home for over 55 years and is offered for sale with no onward chain. The property has been well maintained but is now in need of modernisation but offers superb potential to create a modern family home on this highly sought after road. The property benefits from views of the lake from the sitting room and bedrooms and is in catchment for Cardiff High School and close to the excellent public transport links. This exciting opportunity briefly comprises; spacious entrance hallway, sitting room, dining room, kitchen and WC. To the first floor, there are three good size bedrooms, bathroom and separate WC. Delightful front and rear gardens, along with a driveway and single garage complete this superb home. To be sold with no onward chain.

LOCATION
Windermere Avenue is a short walk away from Roath Park Lake which is celebrated for its picturesque beauty and serene atmosphere. Visitors often appreciate the calming ambiance created by the expansive lake surrounded by lush greenery. The park offers a peaceful escape from the urban hustle, providing a scenic setting for leisurely walks, picnics, and enjoying nature. The lake's swan population adds to the charm and the well-maintained paths around the lake make it a favourite spot for joggers and cyclists alike.

Entrance Hallway - via hardwood front door with decorative stain glass windows leading into a spacious hallway with parquet flooring. Papered walls with picture rail ceiling with coving doors to all rooms.

Lounge - 3.48m x 3.94m (11'5" x 12'11") - Overlooking the front aspect with views of Roath Park Lake with carpeted floors papered walls with picture rail. Texture ceiling with coving, radiator, panel, UPVC window, gas fireplace

Dining Room - 0.91m.24.69mm x 0.91m.17.37mm (3.81m x 3.57m) - Overlooking the rear aspect of the property with parquet flooring paper walls, picture rail, textured ceiling, UPVC French doors and windows to patio area. Radiator panel.

Kitchen - 5.06m x 2.21m (16'7" x 7'3") - A range of Wall and base units and contrasting works tops, stainless steel sink. Space for gas cooker, space and plumbing for washing machine UPVC windows side aspect, radiator panel, door to pantry, door to:-

Internal Lobby - With door to rear garden, large storage cupboard and door to WC.

Landing - via carpeted staircase, leading to doors to all rooms, airing cupboard, loft hatch access

Bedroom One - 3.48m x 3.94m (11'5" x 12'11") - Overlooking the front aspect of the property with delightful views across Roath Park Lake with carpeted floor, papered walls, picture rail, papered, ceiling, radiator, panel, and UPVC window

Bedroom Two - 3.81m x 3.57m (12'5" x 11'8") - An excellent size double bedroom with carpeted floors fitted cupboards painted walls with picture rail. Papered ceiling UPVC window to rear radiator panel.

Bedroom Three - 3.59m x 2.43m (11'9" x 7'11") - With carpeted floors, papered walls with textured ceiling, UPVC window overlooking the front and lake. Radiator panel.

Bathroom - 1.88m x 2.21m (6'2" x 7'3") - Two piece bathroom suite with a panel bath with electric shower over pedestal, wash hand basin, partially tiled walls, obscure UPVC window, radiator panel

W.C. - 0.98m x 1.55m (3'2" x 5'1") - Low-level WC partially tiled walls, papered walls, ceiling, obscure window

Outside - FRONT
Path to front door. Laid lawn and brick built perimeter walls. Driveway to the side with ample off road parking.

REAR
Patio area via French doors from dining area. Laid lawn with well stocked border and greenhouse to the rear of the garden. Gate to driveway and access to the single garage.

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

Council Tax - Band G

Agent Details

Thomas H Wood, Radyr

029 2271 5167

Next Steps?

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