3 Bed Terraced House, Refurb/BRRR, Cardiff, CF11 7BY, £185,000

Bromfield Street, Cardiff, CF11 7BY - 6 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 7%
~93 m²
+10 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£37,863

Bridging Loan Interest

£4,856

Total Cash In

£97,469

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£227,366

Mortgage (After Refinance)

£170,525

Mortgage LTV

75%

Cash Released

£31,775

Cash Left In

£65,694

Equity

£56,842

Rent Range

£1,050 - £4,050

Rent Estimate

£1,628

Running Costs/mo

£1,056

Cashflow/mo

£572

Cashflow/yr

£6,863

ROI

7%

Gross Yield

11%













Local Rents

35 rents from £1.1K/mo to £4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,25004/240.07 miForrest Street, Grangetown3
£1,35005/240.13 miLlanmaes Street, CARDIFF3
£1,60004/240.22 miCorporation Road, Cardiff(City), CF113
£1,05012/240.24 mi-3
£1,20003/240.27 miStockland Street, Grangetown, Cardiff3
£1,10003/250.31 mi-3
£1,50003/240.36 miClarence Embankment, Cardiff Bay3
£1,50003/240.36 miClarence Embankment, Butetown, Cardiff3
£1,50003/240.38 miFerndale Street, Cardiff3
£1,19503/240.39 miPomeroy Street, Cardiff Bay3
£3,50003/250.41 mi-3
£1,15004/240.42 miHunter Street, Cardiff Bay3
£1,90003/240.42 miPenarth Road, Grangetown3
£1,15004/240.42 miPomeroy Street, CARDIFF3
£1,30004/240.44 miHunter Street, Cardiff Bay3
£1,54004/240.45 mi-3
£1,54003/240.45 miHeol Tredwen, Cardiff, CF103
£1,50003/240.46 mi-3
£1,50003/240.46 miDurham Street, Cardiff, CF113
£1,20004/240.49 miNorth Clive Street3
£1,69503/240.49 miTaileson Court, Cardiff3
£1,55003/240.49 miChandlery Way, CARDIFF3
£1,30004/240.52 miChester Place, Grangetown, Cardiff, CF113
£2,40003/240.53 miWindsor Esplanade, Cardiff Bay3
£1,35005/240.57 miStafford Road, Cardiff3
£4,00003/240.57 miMount Stuart House, Cardiff Bay3
£1,40005/240.57 miCornwall Street, Cardiff CF11 6PP3
£1,40004/240.58 miPenarth Road, CARDIFF3
£1,40003/240.6 miCornwall Street, Cardiff(City), CF113
£3,00012/240.61 mi-3
£1,20004/240.61 miOsborne Square, City Gardens, Grangetown, Cardiff, CF11 8BG3
£4,00005/240.62 mi-3
£4,05012/240.62 mi-3
£3,50001/250.62 mi-3
£1,40003/250.62 mi-3

Local Area Statistics

Population in CF11

36,147

Population in Cardiff

357,494

Town centre distance

2.57 miles away

Nearest school

0.10 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Listed for £185,000

December 7, 2024

Floor Plans

Description

  • Spacious +
  • In Need Of Modernisation +

The Property
This mid terraced home is in need of updating and would be ideal for a buyer who wants a place to put their own stamp on.

It comprises of three double bedrooms, lounge, dining room, kitchen, two bathrooms and an enclosed garden to the rear.

Grangetown is the place to be at the moment with buyers loving the easy access to the city centre as well as places like The Tramshed and The Grange pub. The area has increased in interest this year and that may have a lot to do with the BBC moving into The Square development in the city centre.

Book your viewing online or over the phone 24/7 with Purplebricks.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Cardiff

029 2271 2091

Next Steps?

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