2 Bed Flat, Refurb/BRRR, Cardiff, CF5 3BD, £135,000

24 Limeslade Close, Fairwater, Cardiff, CF5 3BD - 3 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~66 m²
+25 photos

ValuationOvervalued

Sold Prices£49K - £375K
Sold Prices/m²£593/m² - £3.7K/m²

 

 

Square Metres

~65.95 m²
Price/m²£2K/m²

Value Estimate

£132,085

 

 

End Value (After Refurb)

£205,360

Uplift in Value

+52%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£26,736

Bridging Loan Interest

£3,544

Total Cash In

£73,729

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£205,360

Agent Fees (1%)

£2,054

Bridging Loan

£101,250

Bridging Loan Interest

£3,544

Flip Profit

£28,327

Local Sold Prices

52 sold prices from £49K to £375K, average is £131.8K. £593/m² to £3.7K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£118K05/210 mi24, Limeslade Close, Cardiff CF5 3BD2
£130K04/230 mi45, Limeslade Close, Cardiff CF5 3BD2
£225K09/230.26 miFlat 1, Gleneagles Court, Windway Road, Cardiff CF5 1AJ2
£144K03/230.26 miFlat 29, Mclay Court, St Fagans Road, Cardiff CF5 3BP2
£97K10/200.27 miFlat 5, Harrow Court, Colin Way, Cardiff CF5 5AW2
£115K08/210.27 miFlat 6, Harrow Court, Colin Way, Cardiff CF5 5AW2
£128K06/230.28 miFlat 4, Oundle Court, Colin Way, Cardiff CF5 5AX2
£160K06/230.41 mi47, Doyle Avenue, Cardiff CF5 3HT2
£183K06/230.62 mi42, Rookwood Close, Cardiff CF5 2NS2
£340K03/230.63 miFlat 14, The Retreat, The Chantry, Llandaff, Cardiff CF5 2NT2
£139.9K08/210.64 mi21, Rookwood Close, Cardiff CF5 2NR2
£230K03/210.65 miFlat 2, Cranmer Court, Ely Road, Cardiff CF5 2JD2
£275K12/220.65 miFlat 5, Cranmer Court, Ely Road, Cardiff CF5 2JD2
£375K06/210.65 miGround Floor Flat, 84, Pencisely Road, Cardiff CF5 1DQ2
£375K06/210.65 miGround Floor Flat, 84, Pencisely Road, Cardiff CF5 1DQ2
£375K06/210.65 miGround Floor Flat, 84, Pencisely Road, Cardiff CF5 1DQ2
£150K10/210.69 miFlat 3, St Michaels Court, Western Avenue, Cardiff CF5 2BP2
£130K12/200.69 miFlat 5, St. Michaels Court, Western Avenue, Cardiff CF5 2BP2
£85K02/210.69 miFlat 1, St Michaels Court, Western Avenue, Cardiff CF5 2BP2
£130K11/220.7 miFlat 5, St. Michaels Court, Western Avenue, Cardiff CF5 2BP2
£100K10/220.75 mi6, Quarry Close, Cardiff CF5 3HD2
£55K01/210.77 mi52, Fairwood Road, Cardiff CF5 3QJ2
£138K06/210.77 mi26, Fairwood Road, Cardiff CF5 3QJ2
£135K07/210.77 mi34, Fairwood Road, Cardiff CF5 3QJ2
£100K03/230.77 mi40, Fairwood Road, Cardiff CF5 3QJ2
£133.5K07/210.77 mi27, Whitland Crescent, Cardiff CF5 3NL2
£320K05/210.78 miFlat 21, Petherton Mews, Llantrisant Road, Llandaff, Cardiff CF5 2SJ2
£82.5K10/210.79 mi33, Fairwood Road, Cardiff CF5 3QF2
£140K05/230.79 mi69, Fairwood Road, Cardiff CF5 3QF2
£105K09/200.8 mi11, Greenland Crescent, Cardiff CF5 3HE2
£112.5K06/210.8 mi41, Greenland Crescent, Cardiff CF5 3HE2
£125K03/230.8 mi14, Greenland Crescent, Cardiff CF5 3HE2
£120K09/230.8 mi22, Greenland Crescent, Cardiff CF5 3HE2
£180K10/200.8 miFirst Floor Flat, 109, Clive Road, Canton, Cardiff CF5 1GL2
£175K04/230.8 miGround Floor Flat, 109, Clive Road, Canton, Cardiff CF5 1GL2
£49K11/200.84 mi15, Fordwell, Cardiff CF5 2EU2
£210K04/230.84 mi7, Fordwell, Cardiff CF5 2EU2
£118K06/210.86 mi171, Fairwood Road, Cardiff CF5 3QH2
£120K04/210.86 mi173, Fairwood Road, Cardiff CF5 3QH2
£88K03/210.86 mi82, Fairwood Road, Cardiff CF5 3QL2
£130K11/210.86 mi90, Fairwood Road, Cardiff CF5 3QL2
£180K11/200.88 miFlat 73, Reynoldston House, The Crescent, Llandaff, Cardiff CF5 2DL2
£82K12/220.88 miFlat 63, Rhosilli House, The Crescent, Llandaff, Cardiff CF5 2DL2
£195K07/230.88 miFlat 13, Stembridge House, The Crescent, Llandaff, Cardiff CF5 2DL2
£125K10/230.91 mi103, Fairwood Road, Cardiff CF5 3QG2
£220K11/210.91 mi15, Penhill Close, Cardiff CF5 1EA2
£82.5K02/210.93 mi21, Forest View, Cardiff CF5 3EL2
£82.5K02/210.93 mi21, Forest View, Cardiff CF5 3EL2
£210K11/230.94 miFlat 4, Dulwich House, Pencisely Road, Cardiff CF5 1DG2
£285K07/230.95 miFlat 3, Pontcanna Court, Cardiff Road, Llandaff, Cardiff CF5 2AS2
£115K12/200.97 mi17b, Pentrebane Road, Cardiff CF5 3PZ2
£155K08/210.98 miFlat 5, Brecon Court, Brecon Street, Cardiff CF5 1RH2

Local Rents

12 rents from £795/mo to £1.2K/mo, average is £985/mo.

RentDateDistanceAddressBeds 
£99512/240.07 miEly Road, Fairwater2
£99512/240.07 miEly Road, Fairwater2
£90012/240.07 miEly Road, Fairwater2
£1,10003/250.1 mi-2
£79512/240.23 miMegan Court Cowbridge Road West CF5 5DQ2
£1,00002/250.33 mi-2
£1,15004/240.43 miThe Boulevard, Canton, Cardiff2
£97512/240.46 miPengwern Road, CARDIFF2
£97512/240.47 miPengwern Road, Cardiff, CF52
£97512/240.47 miPengwern Road, Cardiff, CF52
£97503/240.47 mi-2
£1,20003/240.57 miStryd Elai, Canton, CARDIFF2

Local Area Statistics

Population in CF5

65,999

Population in Cardiff

357,494

Town centre distance

2.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+32%

Property History

Listed for £135,000

December 2, 2024

Floor Plans

Description

  • GROUND FLOOR FLAT +
  • 2 DOUBLE BEDROOMS +
  • PARKING +
  • LARGE LIVING ROOM/DINER +
  • MODERN BATHROOM +
  • FITTED KITCHEN +
  • PART GAS CENTRAL HEATING +
  • PART ELECTRIC RADIATORS +
  • uPVC DOUBLE GLAZING +
  • LEASEHOLD: ~84 YEARS +

*GUIDE PRICE £135,000 to £140,000* MR HOMES are delighted to represent our client in bringing to market this light, bright and airy 2 double bedroom ground floor flat in this popular, purpose-built block in the sought-after location of Fairwater. The flat offers an excellent opportunity for a variety of potential buyers, including first time buyers, downsizers or investors/landlords. The property requires some modernisation but represents a great opportunity to put your own stamp on this generously sized flat and add value. The accommodation briefly comprises: Entrance Hallway; Living Room/Diner; Kitchen; Bathroom; 2 Double Bedrooms. The property also benefits from well-tended communal gardens and the internal communal areas of staircases and hallways are neat and tidy, creating an excellent first impression. The property further benefits from a parking space. The property has a 125-year lease which commenced on 27/01/1984 meaning there are 84 full years remaining. Tenure: Leasehold (84 Years Remaining) EPC Rating: C Council Tax Band: B Ground Rent: £85.60 Per Annum (PA) Service/Maintenance Charges: £1,877 PA FREE MORTGAGE ADVICE AVAILABLE FROM INDEPENDENT SPECIALISTS INFIMO LTD CALL: Option 4

Agent Details

Mr Homes Sales and Lettings, Cardiff

029 2271 5559

Next Steps?

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