3 Bed Bungalow, Refurb/BRRR, Cardiff, CF3 5TZ, £450,000

Melville Avenue, Old St. Mellons, Cardiff, CF3 5TZ - 4 views - 4 months ago

Refurb/BRRR
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£110K - £350K
Sold Prices/m²£2K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£253,101

 

 

End Value (After Refurb)

£368,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£37,686

Bridging Loan Interest

£11,813

Total Cash In

£188,448

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£368,250

Mortgage (After Refinance)

£276,188

Mortgage LTV

75%

Cash Left In

£188,448

Equity

£92,063

Rent Range

£1,100 - £2,300

Rent Estimate

£1,419

Running Costs/mo

£1,455

Cashflow/mo

£-36

Cashflow/yr

£-427

Gross Yield

4%

Local Sold Prices

50 sold prices from £110K to £350K, average is £232.5K. £2K/m² to £3.9K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£225K01/210.19 mi223, Heritage Park, St Mellons, Cardiff CF3 0DU3
£249K06/230.19 mi41, Ffordd Brynhyfryd, Old St Mellons, Cardiff CF3 5XE3
£250K05/210.19 mi37, Ffordd Brynhyfryd, Old St Mellons, Cardiff CF3 5XE3
£215K10/230.19 mi9, Sandpiper Close, St Mellons, Cardiff CF3 0DL3
£230K11/210.22 mi47, Ty To Maen Close, Old St Mellons, Cardiff CF3 5EZ3
£207.5K12/210.22 mi14, Parkstone Avenue, St Mellons, Cardiff CF3 5TY3
£290K08/230.22 mi120, Heritage Park, St Mellons, Cardiff CF3 0DS3
£312.5K09/230.24 mi44, Sanderling Drive, St Mellons, Cardiff CF3 0DJ3
£207.5K02/210.24 mi56, Sanderling Drive, St Mellons, Cardiff CF3 0DJ3
£248K12/200.26 mi37, Allen Close, Cardiff CF3 5DH3
£250K10/200.29 mi44, Heritage Park, St Mellons, Cardiff CF3 0DQ3
£185K02/210.33 mi2, Lytham Grove, Cardiff CF3 0LU3
£252K06/230.33 mi1, Lytham Grove, Cardiff CF3 0LU3
£230K03/210.34 mi12, Sheerwater Close, St Mellons, Cardiff CF3 0DB3
£340K06/210.35 miThe Coach House, Druidstone Road, Old St Mellons, Cardiff CF3 6XD3
£239K11/220.35 mi24, Wentworth Lane, St Mellons, Cardiff CF3 0LH3
£225K04/210.36 mi5, Vaindre Close, St Mellons, Cardiff CF3 0LJ3
£255K03/210.37 mi20, Hazelwood Drive, St Mellons, Cardiff CF3 0BS3
£255K11/230.37 mi88, Willowbrook Gardens, St Mellons, Cardiff CF3 0BY3
£210K02/230.39 mi16, Willowbrook Gardens, St Mellons, Cardiff CF3 0BF3
£189K03/210.42 mi22, Willowbrook Gardens, St Mellons, Cardiff CF3 0BF3
£180K01/210.42 mi64, Willowbrook Gardens, St Mellons, Cardiff CF3 0BF3
£180K01/210.42 mi64, Willowbrook Gardens, St Mellons, Cardiff CF3 0BF3
£235K06/230.42 mi7, Willowbrook Gardens, St Mellons, Cardiff CF3 0BF3
£350K12/220.43 miHascosay, Began Road, Old St Mellons, Cardiff CF3 6XJ3
£213K10/200.46 mi3, Pennyroyal Close, St Mellons, Cardiff CF3 0NB3
£176.4K04/230.48 mi9, Meadowlark Close, St Mellons, Cardiff CF3 0AB3
£225K08/210.48 mi6, Fennel Close, St Mellons, Cardiff CF3 0ND3
£167K06/210.5 mi74, Crumlin Drive, St Mellons, Cardiff CF3 0HD3
£280K12/200.55 miChurch View Cottage, Church Lane, Old St Mellons, Cardiff CF3 5UP3
£247K09/210.56 mi10, Saffron Drive, St Mellons, Cardiff CF3 0NH3
£175K12/200.56 mi11, Saffron Drive, St Mellons, Cardiff CF3 0NH3
£220K12/200.56 mi19, Saffron Drive, St Mellons, Cardiff CF3 0NH3
£240K08/230.57 mi13, Orchard Park, St Mellons, Cardiff CF3 0AQ3
£275K12/220.63 mi86, Elgar Crescent, Llanrumney, Cardiff CF3 5RW3
£170K12/220.63 mi1, Cathcob Close, St Mellons, Cardiff CF3 0AH3
£110K02/210.64 mi6, Bunyan Close, Llanrumney, Cardiff CF3 5QQ3
£110K02/210.64 mi6, Bunyan Close, Llanrumney, Cardiff CF3 5QQ3
£195K10/200.64 mi3, Salvia Close, St Mellons, Cardiff CF3 0JF3
£251K02/230.64 mi17, Salvia Close, St Mellons, Cardiff CF3 0JF3
£182.5K02/210.65 mi32, Brython Drive, St Mellons, Cardiff CF3 0LR3
£230K12/230.65 mi50, Brython Drive, St Mellons, Cardiff CF3 0LR3
£292K01/230.65 mi13, James Court, St Mellons, Cardiff CF3 0FA3
£240.5K03/210.67 mi11, Sullivan Close, Llanrumney, Cardiff CF3 5SA3
£280K01/230.67 mi10, Sullivan Close, Llanrumney, Cardiff CF3 5SA3
£255.8K01/230.67 mi23, Swanage Close, St Mellons, Cardiff CF3 0LS3
£250K11/220.67 mi26, Swanage Close, St Mellons, Cardiff CF3 0LS3
£250K12/220.68 mi14, Purcell Road, Llanrumney, Cardiff CF3 5RZ3
£190K03/230.68 mi43, Okehampton Avenue, Llanrumney, Cardiff CF3 5QY3
£255K09/230.69 mi10, Purcell Road, Llanrumney, Cardiff CF3 5RZ3

Local Rents

19 rents from £1.1K/mo to £2.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,39512/240.48 miEurwg Crescent, Old St Melons3
£1,19512/240.49 miPennyroyal Close, St. Mellons, Cardiff, CF33
£1,19502/250.62 mi-3
£1,20012/240.62 miSummerhill Close, St. Mellons, Cardiff, CF33
£1,20012/240.67 mi-3
£1,10012/240.7 mi-3
£1,35001/240.8 mi-3
£1,70012/230.88 mi-3
£1,65003/240.88 mi-3
£1,35001/250.93 mi-3
£1,70003/250.97 mi-3
£1,35012/241.07 mi-3
£1,60012/241.08 miRhodfa Hughes, Old St Mellons, CF33
£1,50012/241.15 mi-3
£2,30012/241.17 miChannel View, Castleton, CARDIFF3
£1,35003/241.18 miLascelles Drive, Pontprennau, Cardiff3
£1,20012/241.18 miMatthysens Way, St. Mellons, CARDIFF3
£1,60005/241.19 miBramshill Drive, Pontprennau, Cardiff, CF233
£1,30002/251.19 mi-3

Local Area Statistics

Population in CF3

41,998

Population in Cardiff

357,494

Town centre distance

4.31 miles away

Nearest school

0.20 miles away

Nearest train station

3.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £450,000

November 26, 2024

Floor Plans

Description

  • Detached +
  • Bungalow +
  • 3 to 4 bedrooms +
  • Large plot +
  • Garage +
  • Driveway +
  • Cul-du-sac position +

Welcome to this charming detached bungalow that's currently listed for sale. Though it needs a bit of love and renovation, this property holds massive potential and could soon become the perfect home for a family.

The property boasts an impressive four reception rooms; the first graced by large windows inviting in an abundance of natural light, and the second featuring a cosy fireplace, making it an ideal spot for those chilly nights. The third reception room offers pleasing views of the garden and also provides access to it, enhancing the indoor-outdoor living experience.

The heart of the home, the kitchen, is an open-plan space with natural light pouring in. With ample room for a dining table, it's perfect for hosting family meals or entertaining friends.

This property offers up to four double bedrooms, providing enough space for everyone. The first bedroom comes complete with built-in wardrobes, solving all your storage needs, and is well-lit by natural light, creating a serene environment to retreat to after a long day.

The property's unique features are what truly set it apart. It's situated on a large plot at a cul-du-sac position, offering privacy. The inclusion of a garage and additional parking is a practical bonus, and the garden space presents a wonderful opportunity for those with green fingers. Plus, there's room for expansion, offering you the freedom to mould the property to your needs.

The location is a dream, with public transport links, schools, and local amenities close by. It's a peaceful area, perfect for those seeking tranquillity. This property is awaiting its new owners to breathe life into it and turn it into a dream home.

Agent Details

Moginie James, Cyncoed

029 2271 2198

Next Steps?

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