3 Bed Terraced House, Refurb/BRRR, Cardiff, CF11 6JR, £270,000

Blaise Place, Cardiff, CF11 6JR - 1 views - 4 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+7 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£37,863

Bridging Loan Interest

£7,088

Total Cash In

£124,500

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£254,500

Mortgage (After Refinance)

£190,875

Mortgage LTV

75%

Cash Left In

£124,500

Equity

£63,625

Rent Range

£1,050 - £2,500

Rent Estimate

£1,405

Running Costs/mo

£1,096

Cashflow/mo

£309

Cashflow/yr

£3,704

ROI

3%

Gross Yield

6%













Local Rents

25 rents from £1.1K/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20004/240.07 miOsborne Square, City Gardens, Grangetown, Cardiff, CF11 8BG3
£1,25003/240.07 miFonthill Place, Cardiff3
£1,30003/240.24 miSloper Road, CARDIFF3
£1,20004/240.29 miNorth Clive Street3
£1,35005/240.34 miWedmore Road, Cardiff(City), CF113
£1,40005/240.37 miCornwall Street, Cardiff CF11 6PP3
£1,20003/240.38 miStockland Street, Grangetown, Cardiff3
£2,50003/240.39 mi-3
£1,50003/240.4 mi-3
£1,50003/240.4 miDurham Street, Cardiff, CF113
£1,40003/240.4 miCornwall Street, Cardiff(City), CF113
£1,30003/240.44 miSomerset Street, Grangetown, Cardiff, CF113
£1,30004/240.45 miChester Place, Grangetown, Cardiff, CF113
£1,35005/240.45 miLlanmaes Street, CARDIFF3
£1,25005/240.47 miCompton Street, Grangetown, Cardiff, CF113
£1,50003/240.48 miFerndale Street, Cardiff3
£1,35005/240.48 miStafford Road, Cardiff3
£1,05012/240.49 mi-3
£1,25004/240.5 miForrest Street, Grangetown3
£1,90003/240.5 miPenarth Road, Grangetown3
£1,70001/250.51 mi-3
£1,10003/250.51 mi-3
£1,20012/240.52 miCourt Road, Barry, Vale of Glamorgan3
£1,30003/240.54 miBartley Wilson Way, Cardiff3
£1,40003/250.57 mi-3

Local Area Statistics

Population in CF11

36,147

Population in Cardiff

357,494

Town centre distance

2.37 miles away

Nearest school

0.10 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Listed for £270,000

November 23, 2024

Floor Plans

Description

  • Highly sought-after area +
  • Three well-proportioned bedrooms +
  • Good-sized kitchen +
  • Comfortable reception room +
  • Private garden +
  • Parking availability +
  • Close to public transport +
  • Nearby schools +
  • Proximity to parks +
  • Ideal for first-time buyers +

Welcome to this charming terraced house located in a highly sought-after area, now presented for sale. This property offers an exciting opportunity for first-time buyers to shape their dream home.

The house consists of three well-proportioned bedrooms, a single bathroom, cloakroom/wc,and a good-sized kitchen. The reception room is a comfortable size, perfect for family living and entertaining guests. Its potential is truly a testament to the versatility of this residence.

Among the unique features of this property are the availability of parking and a garden. Imagine the convenience of having your own parking space, and the joy of spending warm summer evenings in your private garden.

The location is another significant advantage, with public transport links, schools, and parks all in close proximity. This makes it perfect for families with children, commuters who rely on public transportation, or anyone who enjoys the tranquillity offered by nearby parks.

In summary, this three-bedroom terraced house, while in need of some updating, offers immense potential. With its fantastic location and unique features, it is an ideal property for first-time buyers or a young family looking to make their mark.

Agent Details

Moginie James, Pontcanna

029 2271 0985

Next Steps?

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