4 Bed HMO, Cardiff, CF24 4HA, £260,000

2 Gladys Street, Cardiff, CF24 4HA - 2 views - 4 months ago

Sold STC
HMO
ROI: 4%
81 m²
+14 photos

ValuationOvervalued

Sold Prices£162K - £625K
Sold Prices/m²£1.7K/m² - £8.4K/m²

 

 

Square Metres

81 m²
Price/m²£3.2K/m²

Value Estimate

£218,288

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Total Cash In

£74,500

 

 

Cash Out

 

Room Rate

£475

Gross Rent

£1,900

Running Costs/mo

£1,672

Cashflow/mo

£228

Cashflow/yr

£2,739

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £162K to £625K, average is £328.5K. £1.7K/m² to £8.4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£249.9K01/210.18 mi7, Llantrisant Street, Cardiff CF24 4JB4
£215K02/210.19 mi15, Norman Street, Cardiff CF24 4NU4
£255K11/210.2 mi17, Lisvane Street, Cardiff CF24 4LH4
£305K09/210.2 mi29, Malefant Street, Cardiff CF24 4QB4
£255K11/210.22 mi17, Lisvane Street, Cardiff CF24 4LH4
£225K03/210.24 mi66, Dogfield Street, Cardiff CF24 4QZ4
£338K07/230.28 mi8, Rhigos Gardens, Cardiff CF24 4LS4
£250K02/230.3 mi108, Malefant Street, Cardiff CF24 4QE4
£327K02/230.33 mi95, Inverness Place, Cardiff CF24 4RW4
£260K11/200.35 mi1, Tewkesbury Place, Cardiff CF24 4QU4
£260K11/200.35 mi1, Tewkesbury Place, Cardiff CF24 4QU4
£260K11/200.35 mi1, Tewkesbury Place, Cardiff CF24 4QU4
£340K06/220.36 mi81, Pen Y Wain Road, Cardiff CF24 4GG4
£285K03/230.37 mi136, Colum Road, Cardiff CF10 3EJ4
£220K04/230.39 mi83, Rhymney Street, Cardiff CF24 4DH4
£230K03/210.41 mi50, Arabella Street, Cardiff CF24 4TA4
£620K11/220.41 mi23, Tydfil Place, Cardiff CF23 5HP4
£482K05/210.42 mi9, Boverton Street, Cardiff CF23 5ES4
£610K03/230.42 mi26, Boverton Street, Cardiff CF23 5ES4
£455K04/230.42 mi31, Morlais Street, Cardiff CF23 5HQ4
£325K06/230.42 mi117, Donald Street, Cardiff CF24 4TN4
£530K03/230.42 mi5, Tydfil Place, Cardiff CF23 5HP4
£425K11/200.42 mi67, Shirley Road, Cardiff CF23 5HL4
£412K06/210.42 mi11, Shirley Road, Cardiff CF23 5HL4
£425K05/230.42 mi51, Shirley Road, Cardiff CF23 5HL4
£230K05/210.44 mi14, Donald Street, Cardiff CF24 4TQ4
£363K11/200.5 mi86, Angus Street, Cardiff CF24 3LX4
£255K02/230.54 mi6, Angus Street, Cardiff CF24 3LY4
£310K10/220.56 mi50, Gordon Road, Cardiff CF24 3AL4
£333.7K01/210.61 mi44, Inglefield Avenue, Cardiff CF14 3PZ4
£357.5K01/230.61 mi22, Inglefield Avenue, Cardiff CF14 3PZ4
£220K09/210.61 mi148, Glenroy Street, Cardiff CF24 3LA4
£318K01/210.63 mi46, Llanishen Street, Cardiff CF14 3QD4
£375K10/230.64 mi136, Clodien Avenue, Cardiff CF14 3NQ4
£360K02/230.64 mi114, Cottrell Road, Roath, Cardiff CF24 3EX4
£285.5K12/200.64 mi15, Wellfield Place, Cardiff CF24 3PD4
£285K06/230.64 mi58, Arran Street, Roath, Cardiff CF24 3HT4
£162K01/210.64 mi20, Cross Place, Cardiff CF14 3AQ4
£350K03/230.69 mi23, Newfoundland Road, Cardiff CF14 3LA4
£586K05/230.7 mi20, Brandreth Road, Cardiff CF23 5NW4
£405K02/230.71 mi65, Claude Road, Cardiff CF24 3QB4
£391K05/230.71 mi9, Soberton Avenue, Cardiff CF14 3NJ4
£358K04/230.71 mi40, Soberton Avenue, Cardiff CF14 3NJ4
£260.8K02/210.74 mi13, Heathfield Place, Cardiff CF14 3JZ4
£375K03/210.74 mi10, Wasdale Close, Cardiff CF23 5NY4
£625K08/210.74 mi8, Lady Mary Road, Cardiff CF23 5NS4
£515K05/230.77 mi17, Cressy Road, Cardiff CF23 5BE4
£267.5K05/210.79 mi23, Heathfield Road, Cardiff CF14 3JX4
£330K08/210.79 mi9, Heathfield Road, Cardiff CF14 3JX4
£625K07/230.8 mi35, Westville Road, Cardiff CF23 5DE4

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

0.72 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £260,000

November 22, 2024

Sold for £114,950

2003

Sold for £69,000

2000

Sold for £45,500

1997

Floor Plans

Description

  • Sought after investment property +
  • Prime student location +
  • Projected yield in excess of 8.7% +
  • Fully licenced +
  • Fully licenced for HMO +
  • Large plot with potential to extend (subject to planning) +

This four bedroom HMO located on Gladys street, within a prime rental location is an exciting investment opportunity not to be missed. The ground floor comprises of two double bedrooms to the front, each furnished to a high standard with quality furniture and built in wardrobes. Leading through to the modern kitchen, finished in a stylish gloss red. To the rear of the ground floor is the light and airy lounge/ dining room complete with double doors leading out to the spacious rear garden. The ground floor also benefits from an additional W/C.

To the first floor of the property are the two further bedrooms, also completed with high quality furniture and fitted wardrobes. There is a fully fitted bathroom, complete with bath and shower. The home is finished to a modern standard throughout, the projected rental income for the following academic year is projected to be a minimum of £1,900PCM, creating a healthy return of 8.77%.

Agent Details

Darlows, Albany Road

029 2271 6242

Next Steps?

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