2 Bed Flat, Single Let, Cardiff, CF14 3AL, £80,000

North Road, Gabalfa, Cardiff, Cardiff, CF14 3AL - 5 months ago

Leasehold

Auction

BTL

ROI: 22%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£82K - £329K
Sold Prices/m²	£1.4K/m² - £4K/m²

Square Metres	~68.11 m²
Price/m²	£1.2K/m²
Value Estimate	£99,200£99,200
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£20,000£20,000
Stamp Duty & Legal Fees	£5,200£5,200
Total Cash In	£25,200£25,200

Cash Out
Rent Range	£925 - £2,500£925 - £2,500
Rent Estimate	£925
Running Costs/mo	£455£455
Cashflow/mo	£470£470
Cashflow/yr	£5,640£5,640
ROI	22%22%
Gross Yield	14%14%

Local Sold Prices

24 sold prices from £82K to £329K, average is £203.5K. £1.4K/m² to £4K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£210K	01/21	0.04 mi	151, North Road, Cardiff CF14 3AF	£2,061	102	2	Flat
£97K	10/23	0.61 mi	First Floor Flat, 366, North Road, Cardiff CF14 3BP	£1,448	67	2	Flat
£239.9K	01/21	0.68 mi	Flat A, 1, Gileston Road, Cardiff CF11 9JS	£3,999	60	2	Flat
£260K	08/21	0.71 mi	192a, Cathedral Road, Cardiff CF11 9JE	£3,514	74	2	Flat
£153K	12/20	0.72 mi	9a, Cathays Terrace, Cardiff CF24 4HS	£3,034	50	2	Flat
£122K	01/21	0.73 mi	49, Catherine Street, Cardiff CF24 4EF	£2,033	60	2	Flat
£150K	01/21	0.75 mi	30, Cathays Terrace, Cardiff CF24 4HX	£2,419	62	2	Flat
£329K	03/21	0.8 mi	95a, Severn Grove, Cardiff CF11 9EQ	-	-	2	Flat
£175K	04/21	0.85 mi	Flat 2, Forest Court, Severn Grove, Cardiff CF11 9EP	£3,017	58	2	Flat
£280K	03/23	0.88 mi	41, Llanfair Road, Cardiff CF11 9QA	-	-	2	Flat
£285K	07/23	0.9 mi	Flat 3, Pontcanna Court, Cardiff Road, Llandaff, Cardiff CF5 2AS	-	-	2	Flat
£157K	11/22	0.91 mi	85a, Aberporth Road, Cardiff CF14 2PP	-	-	2	Flat
£190K	03/21	0.92 mi	20a, Llanfair Road, Cardiff CF11 9QB	-	-	2	Flat
£197K	02/23	0.93 mi	263a, Allensbank Road, Cardiff CF14 3RA	£2,897	68	2	Flat
£255K	02/21	0.94 mi	Apartment 4, The Glas, Conway Road, Cardiff CF11 9PF	-	-	2	Flat
£217K	04/21	0.94 mi	Flat 5, Fairoak Court, Lady Mary Road, Cardiff CF23 5PD	-	-	2	Flat
£220K	06/23	0.94 mi	Flat 19, Fairoak Court, Lady Mary Road, Cardiff CF23 5PD	£2,546	86	2	Flat
£252K	02/21	0.94 mi	81a, Ninian Road, Cardiff CF23 5EN	£3,096	81	2	Flat
£82K	12/22	0.95 mi	Flat 63, Rhosilli House, The Crescent, Llandaff, Cardiff CF5 2DL	-	-	2	Flat
£180K	11/20	0.95 mi	Flat 73, Reynoldston House, The Crescent, Llandaff, Cardiff CF5 2DL	-	-	2	Flat
£195K	07/23	0.95 mi	Flat 13, Stembridge House, The Crescent, Llandaff, Cardiff CF5 2DL	-	-	2	Flat
£155K	09/23	0.95 mi	53, Heath Mead, Cardiff CF14 3PJ	£2,572	60	2	Flat
£220K	11/21	0.97 mi	15, Penhill Close, Cardiff CF5 1EA	£3,607	61	2	Flat
£210K	11/23	0.98 mi	Flat 4, Dulwich House, Pencisely Road, Cardiff CF5 1DG	-	-	2	Flat

Local Rents

34 rents from £925/mo to £2.5K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	04/25	0.03 mi	-	2	Flat
£1,200	04/25	0.09 mi	-	2	Flat
£1,100	12/24	0.27 mi	Newfoundland Road, Heath	2	Flat
£1,150	12/24	0.28 mi	-	2	Flat
£975	12/24	0.3 mi	Whitchurch Road, Heath, Cardiff, CF14	2	Flat
£2,500	03/25	0.33 mi	-	2	Flat
£1,400	12/24	0.36 mi	Whitchurch Road, Cardiff	2	Flat
£1,250	12/24	0.37 mi	North Road, Cardiff	2	Flat
£1,250	12/24	0.37 mi	North Road, Cardiff	2	Flat
£1,500	04/25	0.4 mi	-	2	Flat
£975	12/24	0.41 mi	Ground Floor Flat Llanishen Street, Cathays, Cardiff, CF14	2	Flat
£1,250	12/24	0.41 mi	-	2	Flat
£1,200	12/24	0.42 mi	-	2	Flat
£1,250	03/25	0.42 mi	-	2	Flat
£1,200	12/24	0.42 mi	Whitchurch Road, Cardiff, CF14	2	Flat
£1,325	12/24	0.42 mi	Rhigos Gardens Cardiff	2	Flat
£1,325	12/24	0.42 mi	Rhigos Gardens Cardiff	2	Flat
£1,400	12/24	0.42 mi	Rhigos Gardens Cardiff	2	Flat
£1,400	04/25	0.43 mi	-	2	Flat
£1,100	03/24	0.43 mi	Lock Keepers Court, CF10	2	Flat
£1,050	03/24	0.43 mi	Lock Keepers Court, CF10 3EZ	2	Flat
£1,450	12/24	0.43 mi	-	2	Flat
£1,050	12/24	0.49 mi	Allensbank Road, Heath, Cardiff	2	Flat
£1,000	12/24	0.55 mi	Cathays Terrace, Cathays, Cardiff	2	Flat
£925	03/24	0.55 mi	Colum Road, Cathays	2	Flat
£925	03/24	0.55 mi	Colum Road, Cathays	2	Flat
£1,200	12/24	0.57 mi	North Road, Cardiff, CF14	2	Flat
£1,200	12/24	0.57 mi	-	2	Flat
£1,200	12/24	0.57 mi	-	2	Flat
£1,200	04/25	0.57 mi	-	2	Flat
£1,200	12/24	0.61 mi	North Road, Cardiff(City), CF14	2	Flat
£1,200	10/23	0.61 mi	-	2	Flat
£1,100	12/24	0.61 mi	-	2	Flat
£1,200	03/24	0.62 mi	Colum Road, Cathays	2	Flat

Local Area Statistics

Population in CF14	77,73377,733
Population in Cardiff	357,494357,494
Town centre distance	0.25 miles away0.25 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.91 miles away0.91 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+29%+29%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+29%+29%

Property History

Price changed to £80,000

March 4, 2025

Price changed to £85,000

February 16, 2025

Listed for £90,000

November 26, 2024

Floor Plans

Description

Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
Tenant in Situ £1100 pcm +
Two Bedrooms +
Spacious +
Excellent Location +

*Tenant in Situ - £1,100 pcm*

Pattinson Auction proudly present this charming first-floor apartment, available with no onward chain.

Conveniently located on North Road, it offers excellent access to the City Centre and University, making it an ideal home or investment opportunity.

The property is suitable for short and long-term accommodation and boasts a spacious reception room with a kitchen area, complete with select built-in white goods.

The apartment features two generously sized double bedrooms, a modern bathroom, and a handy storage cupboard. Additional highlights include secure gated parking at the rear.

Council Tax Band: D
Tenure: Leasehold
Length Of Lease: 982
Ground Rent Review Period: Peppercorn
Annual Service Charge Amount: £3,300.00
Service Charge Review Period: (includes building insurance)

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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

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