2 Bed Flat, Single Let, Cardiff, CF5 2NH, £90,000

Pwllmelin Road, Fairwarter, Cardiff, CF5 2NH - 2 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 13%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£49K - £375K
Sold Prices/m²£593/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£112,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£845 - £1,300

Rent Estimate

£750

Running Costs/mo

£451

Cashflow/mo

£299

Cashflow/yr

£3,585

ROI

13%

Gross Yield

10%

Local Sold Prices

52 sold prices from £49K to £375K, average is £130K. £593/m² to £3.1K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£55K01/210.09 mi52, Fairwood Road, Cardiff CF5 3QJ2
£138K06/210.09 mi26, Fairwood Road, Cardiff CF5 3QJ2
£135K07/210.09 mi34, Fairwood Road, Cardiff CF5 3QJ2
£100K03/230.09 mi40, Fairwood Road, Cardiff CF5 3QJ2
£340K03/230.11 miFlat 14, The Retreat, The Chantry, Llandaff, Cardiff CF5 2NT2
£82.5K10/210.12 mi33, Fairwood Road, Cardiff CF5 3QF2
£140K05/230.12 mi69, Fairwood Road, Cardiff CF5 3QF2
£133.5K07/210.15 mi27, Whitland Crescent, Cardiff CF5 3NL2
£88K03/210.19 mi82, Fairwood Road, Cardiff CF5 3QL2
£130K11/210.19 mi90, Fairwood Road, Cardiff CF5 3QL2
£118K06/210.2 mi171, Fairwood Road, Cardiff CF5 3QH2
£120K04/210.2 mi173, Fairwood Road, Cardiff CF5 3QH2
£139.9K08/210.23 mi21, Rookwood Close, Cardiff CF5 2NR2
£320K05/210.23 miFlat 21, Petherton Mews, Llantrisant Road, Llandaff, Cardiff CF5 2SJ2
£125K10/230.24 mi103, Fairwood Road, Cardiff CF5 3QG2
£183K06/230.24 mi42, Rookwood Close, Cardiff CF5 2NS2
£160K06/230.36 mi47, Doyle Avenue, Cardiff CF5 3HT2
£144K03/230.46 miFlat 29, Mclay Court, St Fagans Road, Cardiff CF5 3BP2
£115K12/200.5 mi17b, Pentrebane Road, Cardiff CF5 3PZ2
£49K11/200.57 mi15, Fordwell, Cardiff CF5 2EU2
£210K04/230.57 mi7, Fordwell, Cardiff CF5 2EU2
£100K10/220.63 mi6, Quarry Close, Cardiff CF5 3HD2
£112.5K06/210.64 mi41, Greenland Crescent, Cardiff CF5 3HE2
£125K03/230.64 mi14, Greenland Crescent, Cardiff CF5 3HE2
£120K09/230.64 mi22, Greenland Crescent, Cardiff CF5 3HE2
£230K03/210.66 miFlat 2, Cranmer Court, Ely Road, Cardiff CF5 2JD2
£86K01/210.67 mi32, Honeysuckle Grove, Cardiff CF5 3TE2
£92.8K06/210.67 mi41, Honeysuckle Grove, Cardiff CF5 3TE2
£95K05/210.67 mi40, Honeysuckle Grove, Cardiff CF5 3TE2
£275K12/220.67 miFlat 5, Cranmer Court, Ely Road, Cardiff CF5 2JD2
£118K05/210.68 mi24, Limeslade Close, Cardiff CF5 3BD2
£130K04/230.68 mi45, Limeslade Close, Cardiff CF5 3BD2
£170K11/210.68 mi22, Finnimore Court, Cardiff CF14 2FZ2
£143.5K03/230.68 mi57c, Station Road, Llandaff North, Cardiff CF14 2FB2
£225K09/230.69 miFlat 1, Gleneagles Court, Windway Road, Cardiff CF5 1AJ2
£150K10/210.81 miFlat 3, St Michaels Court, Western Avenue, Cardiff CF5 2BP2
£130K12/200.81 miFlat 5, St. Michaels Court, Western Avenue, Cardiff CF5 2BP2
£85K02/210.81 miFlat 1, St Michaels Court, Western Avenue, Cardiff CF5 2BP2
£130K11/220.81 miFlat 5, St. Michaels Court, Western Avenue, Cardiff CF5 2BP2
£82.5K02/210.82 mi21, Forest View, Cardiff CF5 3EL2
£82.5K02/210.82 mi21, Forest View, Cardiff CF5 3EL2
£375K06/210.89 miGround Floor Flat, 84, Pencisely Road, Cardiff CF5 1DQ2
£375K06/210.89 miGround Floor Flat, 84, Pencisely Road, Cardiff CF5 1DQ2
£375K06/210.89 miGround Floor Flat, 84, Pencisely Road, Cardiff CF5 1DQ2
£115K08/210.91 miFlat 6, Harrow Court, Colin Way, Cardiff CF5 5AW2
£128K06/230.92 miFlat 4, Oundle Court, Colin Way, Cardiff CF5 5AX2
£155K01/210.92 miFlat 4, Hailey Court, Evansfield Road, Cardiff CF14 2EZ2
£160K12/220.93 miFlat 8, Hailey Court, Evansfield Road, Cardiff CF14 2EZ2
£180K11/200.93 miFlat 73, Reynoldston House, The Crescent, Llandaff, Cardiff CF5 2DL2
£82K12/220.93 miFlat 63, Rhosilli House, The Crescent, Llandaff, Cardiff CF5 2DL2
£195K07/230.93 miFlat 13, Stembridge House, The Crescent, Llandaff, Cardiff CF5 2DL2
£73K08/230.96 mi109, Bishop Hannon Drive, Cardiff CF5 3QU2

Local Rents

15 rents from £845/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95012/240.17 mi-2
£95012/240.17 miFairwood Road, Cardiff, CF52
£99510/230.18 mi-2
£95012/240.23 miRookwood Close, Llandaff2
£1,25012/240.24 miPetherton Mews, Llantrisant Road Llandaff, Cardiff2
£1,30012/240.26 miLlantrisant Road, Llandaff2
£84510/230.34 mi-2
£1,30012/240.52 mi-2
£1,05012/240.52 miHeol Seddon2
£1,10012/240.53 miBeale Close, Cardiff, CF52
£1,25012/240.56 miLlantrisant Road, Cardiff2
£1,00001/250.58 mi-2
£1,00002/250.58 mi-2
£1,00004/250.59 mi-2
£1,05012/240.61 miBeale Close, Danescourt, Cardiff2

Local Area Statistics

Population in CF5

65,999

Population in Cardiff

357,494

Town centre distance

1.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+32%

Property History

Listed for £90,000

December 9, 2024

Floor Plans

Description

  • ATTENTION INVESTORS/ LANDLORDS +
  • CURRENT TENANT PAYS £750 PCM = 9.3% APPROX. ANNUAL RENTAL YIELD +
  • 2x DOUBLE BEDROOMS +
  • SPACIOUS LIVING ROOM +
  • KITCHEN +
  • FAMILY BATHROOM SUITE +
  • ENCLOSED COMMUNAL REAR GARDEN +
  • uPVC D/G WINDOWS +
  • GAS C/H with COMBI-BOILER +
  • FREEHOLD +

* Guide Price: £90,000 to £100,000 * NO CHAIN!!! * ATTENTION INVESTORS/LANDLORDS * 9.3% APPROX. ANNUAL RENTAL YIELD - 2-BED 2nd FLOOR FLAT - 2x DOUBLE BEDROOMS - SPACIOUS LIVING ROOM - KITCHEN - 3-PIECE WHITE BATHROOM SUITE - uPVC D/G WINDOWS - GAS C/H with COMBI-BOILER - NB: Current Tenant Paying; £750 Per Calendar Month = 9.3% Approx. Annual Rental Yield - BRAND NEW 125 YEAR LEASE UPON COMPLETION - MR HOMES are pleased to Offer FOR SALE this 2-Bedroom 1st Floor Flat Located in a Sought After Area of Fairwater, with Excellent Transport Services including a Train Station Nearby and Excellent Bus Services. The Flat is Accessed via a Communal Entrance, Staircase up to the 2nd Floor  Landing, Door into the Entrance Hallway, Spacious Lounge with Large Front & Side Facing Double Glazed Windows, Kitchen, Bedroom 1, Bedroom 2 & a Modern Bathroom Suite. There is a Large Communal Rear Garden Space. uPVC Double Glazing Windows & Gas Central Heating powered by an Ideal Exclusive 245kw Combi-Boiler. 
NB: The Lease will be renewed to 125 Years Upon Completion. £50 Per Month Approx. Service/Maintenance/Buildings Insurance Charges & £50 Per Year Ground Rent. *As Advised by Vendor.
EPC Rating = C. & Council Tax Band = A.
Mains Electricity, Water & Sewage Connected to Mains Drains. Broadband & Mobile Signal Coverage.
** Prime & Sought After Location, The property offers easy access to a number of local amenities, is close to schools, parks and has excellent transport links.
Early Viewing Highly Recommended Contact Us On : option 2
To submit your offer, please visit: Make an Offer (mr-homes.co.uk) or call the Branch and speak to a member of the Sales Team
FREE MORTGAGE ADVICE AVAILABLE ON YOUR REQUEST PLEASE CONTACT MR HOMES: option 4

Agent Details

Mr Homes Sales and Lettings, Cardiff

029 2271 5559

Next Steps?

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