2 Bed Flat, Refurb/BRRR, Cardiff, CF23 5PS, £325,000

Windermere Avenue, Cardiff, CF23 5PS - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+21 photos

ValuationOvervalued

Sold Prices£97K - £600K
Sold Prices/m²£1.4K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£196,320

 

 

End Value (After Refurb)

£261,313

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£27,830

Bridging Loan Interest

£8,531

Total Cash In

£134,062

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£261,313

Mortgage (After Refinance)

£195,985

Mortgage LTV

75%

Cash Left In

£134,062

Equity

£65,328

Rent Range

£950 - £2,600

Rent Estimate

£1,148

Running Costs/mo

£1,066

Cashflow/mo

£82

Cashflow/yr

£982

ROI

1%

Gross Yield

4%

Local Sold Prices

36 sold prices from £97K to £600K, average is £213K. £1.4K/m² to £5.2K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£214K03/210.08 mi20, Highfield Road, Cardiff CF23 5PP2
£195K05/210.08 mi21, Highfield Road, Cardiff CF23 5PP2
£233K12/220.08 mi28, Highfield Road, Cardiff CF23 5PP2
£155K09/230.09 mi53, Heath Mead, Cardiff CF14 3PJ2
£197K02/230.2 mi263a, Allensbank Road, Cardiff CF14 3RA2
£415K07/230.26 miFlat 3, Lake View Court, Lake Road East, Cardiff CF23 5PB2
£600K08/210.3 mi4, Cefn Coed Road, Cardiff CF23 6AQ2
£198K04/210.41 mi11a, Cefn Coed Avenue, Cardiff CF23 6HE2
£157K01/210.43 mi57, Woolaston Avenue, Cardiff CF23 6EU2
£160K10/200.43 mi55, Woolaston Avenue, Cardiff CF23 6EU2
£260K02/230.46 mi6, Brynteg Close, Cardiff CF23 6AS2
£187K10/200.49 miFlat 4, Redwick House, Celyn Avenue, Cardiff CF23 6EA2
£217K04/210.49 miFlat 5, Fairoak Court, Lady Mary Road, Cardiff CF23 5PD2
£220K06/230.49 miFlat 19, Fairoak Court, Lady Mary Road, Cardiff CF23 5PD2
£212K06/210.55 mi25, Celyn Avenue, Cardiff CF23 6EH2
£190K07/210.55 mi2, Manitoba Close, Cardiff CF23 6HD2
£190K07/210.56 mi2, Manitoba Close, Cardiff CF23 6HD2
£182K01/210.61 mi24, Gwynant Crescent, Cardiff CF23 6LT2
£183.8K12/200.62 mi1, Duffryn Close, Cardiff CF23 6HT2
£275K02/210.66 miFlat 1, Cornborough Lodge, Ty Gwyn Road, Penylan, Cardiff CF23 5JG2
£377.5K11/200.66 mi67, King George V Drive West, Cardiff CF14 4EF2
£187K08/210.71 mi32, Ogwen Drive, Cardiff CF23 6LL2
£218K10/210.72 miFlat 17, Park End Court, Park End Lane, Cardiff CF23 6JA2
£242.5K11/220.72 miFlat 8, Park End Court, Park End Lane, Cardiff CF23 6JA2
£215K07/210.72 miFlat 19, Park End Court, Park End Lane, Cardiff CF23 6JA2
£170K03/210.73 miFlat 2, Raglan Court, Langdale Close, Cardiff CF23 5LY2
£252K02/210.73 mi81a, Ninian Road, Cardiff CF23 5EN2
£333.6K11/210.76 miFlat 2, Monmouth House, Cyncoed Gardens, Cardiff CF23 5SL2
£350K08/210.76 miFlat 8a, Worcester House, Cyncoed Gardens, Cardiff CF23 5SL2
£355K12/210.76 miFlat 5, Clifton House, Cyncoed Gardens, Cardiff CF23 5SL2
£248.5K11/210.83 miFlat 2, Berkeley Court, Rannoch Drive, Cardiff CF23 6LU2
£97K10/230.91 miFirst Floor Flat, 366, North Road, Cardiff CF14 3BP2
£500K01/230.95 mi3, Ty-draw Road, Penylan, Cardiff CF23 5HA2
£132K01/210.95 miFlat 12, Stonewell Court, Tygwyn Road, Cardiff CF23 5AY2
£132K10/210.96 miFlat 10, Stonewell Court, Tygwyn Road, Cardiff CF23 5AY2
£97.5K04/210.97 mi67, Awel Mor, Llanedeyrn, Cardiff CF23 9QB2

Local Rents

30 rents from £950/mo to £2.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95004/240.08 miHighfield Road, Roath Park, Cardiff, CF232
£1,25002/250.32 mi-2
£1,10004/240.42 miBirch Court, Woolaston Avenue, Lakeside, Cardiff, CF232
£1,07503/240.43 miWoolaston Avenue, Cardiff, CF232
£1,00003/240.44 miHeath Halt Court, Heath, Cardiff, CF232
£1,10004/240.45 miWoolaston Avenue, CARDIFF2
£1,25003/240.48 miLady Mary Road, Roath Park2
£1,45003/250.5 mi-2
£1,29504/240.5 miLady Mary Road, Penylan2
£1,15003/240.52 miClearwater Way, CARDIFF2
£1,15003/240.52 miClearwater Way, CARDIFF2
£1,15003/240.52 miClearwater Way, CARDIFF2
£1,15003/240.52 miClearwater Way, CARDIFF2
£1,15003/240.52 miClearwater Way, CARDIFF2
£1,15003/240.52 miClearwater Way, CARDIFF2
£1,15004/240.52 miClearwater Way, CARDIFF2
£1,15003/240.52 miClearwater Way, CARDIFF2
£1,15003/240.52 miClearwater Way, CARDIFF2
£1,15004/240.52 miClearwater Way, CARDIFF2
£1,15004/240.52 miClearwater Way, CARDIFF2
£1,15004/240.52 miClearwater Way, CARDIFF2
£2,60012/240.52 mi-2
£1,00002/250.57 mi-2
£1,00003/240.57 miJames Court, Celyn Avenue, Cyncoed2
£1,05012/240.6 miAllensbank Road, Heath, Cardiff2
£1,27503/240.61 miShirley Road, Roath, Cardiff2
£1,30005/240.61 miShirley Road, Roath, Cardiff2
£1,15005/240.61 miShirley Road , Roath , 2
£1,30012/240.62 miMalefant Street, Cardiff(City), CF242
£1,20004/240.62 miDuffryn Close, CARDIFF2

Local Area Statistics

Population in CF23

46,988

Population in Cardiff

357,494

Town centre distance

0.80 miles away

Nearest school

0.50 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Listed for £325,000

November 21, 2024

Sold for £195,000

2014

Floor Plans

Description

  • No Chain +
  • Spacious ground floor flat +
  • Two bedrooms +
  • Private garden +
  • Garage +
  • Close to Roath Park Lake +
  • Cardiff High catchment +
  • EPC - C +
  • Council Tax Band - E +

Nestled on the highly sought-after Windermere Avenue, this charming and spacious ground floor two-bedroom flat offers a fantastic opportunity to enjoy the best of Cardiff living. With a prime location just a stone's throw from the picturesque Roath Park Lake, this property is ideal for those who enjoy outdoor spaces and scenic walks. With excellent transport links, the property also offers quick and easy access to the A48, connecting you to the wider city and beyond. The surrounding area benefits from a wealth of local amenities, including shops, cafes, and restaurants, ensuring that all your daily needs are met.

For families, the location is perfect—being within the catchment area for both Rhydypenau Primary School and Cardiff High School, making the property a great option for those seeking convenient access to excellent local education. In addition, Heath Park and the University Hospital of Wales are within easy reach, making this flat ideally placed for professionals working in healthcare or academia.

The flat boasts generous living accommodation, including a bright and airy living room with dining area, a well-sized kitchen, two comfortable bedrooms, and bathroom with a separate WC. The property retains much of its original character while providing plenty of scope for modernisation to suit your tastes and comes with the added benefit of a lovely enclosed rear garden, garage and off street parking. Don't miss the opportunity to call this property home.

Entrance Porch - 1.57m x 1.52m (5'2 x 5'0 ) - Entered via a composite laminate door with obscure glass panels, into a porch with obscured panels to the side and double glazed window to the rear. Tiled floor. Obscured glass door to the hallway.

Hallway - Coved ceiling, radiator, two under stair storage cupboards. Doors to:

Living Room Diner - 6.07m x 7.39m (19'11 x 24'3) - Spacious L-shaped living room. Coved ceiling, three radiators. Double glazed window to the rear, double glazed patio doors to the rear opening to the patio and garden. Dining area.

Kitchen - 3.68m x 2.51m (12'1 x 8'3 ) - Double glazed windows to the side, combination boiler. Wall and base units with laminate worktop over, tiled splash back, stainless steel double sink. Space and plumbing for washing machine, space for electric cooker, space for fridge freezer.

Bedroom One - 3.63m x 3.48m (11'11 x 11'5) - Coved ceiling, double glazed window to the front, radiator, built-in wardrobe.

Bedroom Two - 3.07m x 3.61m (10'1 x 11'10) - Coved ceiling, double glazed window to the front, radiator, built-in wardrobe.

Bathroom - 1.73m x 1.78m (5'8 x 5'10) - Double obscure glazed window to the side. Tiled walls, laminate flooring, radiator, wash basin, bath with shower off the tap.

Wc - 0.79m x 1.78m (2'7 x 5'10) - Double obscure glazed window to the side, tiled walls, laminate flooring, WC.

External -

Front - Lawn with low rise wall and mature shrubs. Concrete driveway to the side providing access to the garage.

Rear Garden - Paved patio sitting area and lawn with sun awning.

Garage - Garage to the side of the property accessed via the driveway.

Additional Information - The property is being sold as Leashold with 999 years from new. (We have been advised by the vendor that 50% of the freehold will be gifted on completion of whichever property sells last (A and B).
EPC - C
Council Tax Band - E

Agent Details

Hern & Crabtree, Heath

029 2271 6134

Next Steps?

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