2 Bed Flat, Cash/Bridging Only, Cardiff, CF23 7BE, £135,000

Waun Fach, Cardiff, CF23 7BE - 2 months ago

Sold STC
Leasehold
Cash
ROI: 5%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£91K - £302K
Sold Prices/m²£1.4K/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£136,350

 

 

End Value (After Refurb)

£152,813

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£27,830

Bridging Loan Interest

£3,544

Total Cash In

£72,124

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£152,813

Mortgage (After Refinance)

£114,610

Mortgage LTV

75%

Cash Released

£13,360

Cash Left In

£58,764

Equity

£38,203

Rent Range

£800 - £1,200

Rent Estimate

£1,020

Running Costs/mo

£702

Cashflow/mo

£318

Cashflow/yr

£3,822

ROI

5%

Gross Yield

9%

Local Sold Prices

33 sold prices from £91K to £302K, average is £155K. £1.4K/m² to £3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£115K01/210.33 mi32, Marle Close, Pentwyn, Cardiff CF23 7EP2
£165K01/230.33 mi26, Marle Close, Pentwyn, Cardiff CF23 7EP2
£157K11/220.34 mi32, Hollybush Heights, Cardiff CF23 7HF2
£150K01/210.34 mi23, Hollybush Heights, Cardiff CF23 7HF2
£118K01/210.35 mi15, Goldcrest Drive, Cardiff CF23 7HJ2
£118K12/200.35 mi7, Goldcrest Drive, Cardiff CF23 7HJ2
£91K11/200.43 mi10, Glyn Collen, Cardiff CF23 7ER2
£158K07/230.46 mi89, Wyncliffe Gardens, Cardiff CF23 7FB2
£132.5K10/200.5 mi22, Clos Dol Heulog, Pontprennau, Cardiff CF23 8AT2
£155K10/210.5 mi26, Clos Dol Heulog, Pontprennau, Cardiff CF23 8AT2
£302K03/230.53 miFlat 4, Hollybush Court, Hollybush Road, Cardiff CF23 6TE2
£135K08/210.57 mi4, Pipkin Close, Pontprennau, Cardiff CF23 8FD2
£140K04/210.57 mi7, Pipkin Close, Pontprennau, Cardiff CF23 8FD2
£168K01/210.57 miFlat 11, Androvan Court, Hollybush Road, Cardiff CF23 6TF2
£250K10/210.59 miFlat 5, Crescent Court, Cyncoed Crescent, Cardiff CF23 6TD2
£152K04/230.6 mi25, Blackberry Way, Pontprennau, Cardiff CF23 8FE2
£150K10/210.62 mi23, Rowsby Court, Pontprennau, Cardiff CF23 8FG2
£167K12/220.62 mi12, Rowsby Court, Pontprennau, Cardiff CF23 8FG2
£157.5K04/230.62 mi7, Rowsby Court, Pontprennau, Cardiff CF23 8FG2
£160K01/230.62 mi70, Rowsby Court, Pontprennau, Cardiff CF23 8FG2
£163K01/230.62 mi11, Rowsby Court, Pontprennau, Cardiff CF23 8FG2
£300K12/220.62 mi20a, Cyncoed Place, Cardiff CF23 6SG2
£263.8K10/210.7 miFlat 5, Cotswold Court, Cyncoed Place, Cardiff CF23 6SL2
£140K02/210.77 mi7, Forest Oak Close, Cardiff CF23 6QN2
£140K02/210.77 mi7, Forest Oak Close, Cardiff CF23 6QN2
£95K03/210.78 mi24, Forest Oak Close, Cardiff CF23 6QN2
£172K05/230.78 miFlat 2, Blackoak Court, Forest Oak Close, Cardiff CF23 6QN2
£95K03/210.78 mi24, Forest Oak Close, Cardiff CF23 6QN2
£145K06/210.78 mi16, Forest Oak Close, Cardiff CF23 6QN2
£171K03/230.78 mi17, Forest Oak Close, Cardiff CF23 6QN2
£140K05/210.83 mi18, Kenmare Mews, Pontprennau, Cardiff CF23 8RG2
£248.5K11/210.85 miFlat 2, Berkeley Court, Rannoch Drive, Cardiff CF23 6LU2
£187K08/210.99 mi32, Ogwen Drive, Cardiff CF23 6LL2

Local Rents

24 rents from £800/mo to £1.2K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£99504/240.21 miBrynheulog, Pentwyn2
£99503/240.22 miBrynheulog, Pentwyn, Cardiff, CF232
£1,05012/240.27 mi-2
£1,05002/250.27 mi-2
£1,05003/240.28 miBryn Haidd, Pentwyn, Cardiff 2
£97503/240.31 miBryn Haidd, Pentwyn2
£1,00004/240.35 miOakleafe Drive, Pontprennau,2
£85005/240.37 miSt Margarets Court, Cyncoed2
£1,00012/240.4 mi-2
£1,10003/240.41 miOakford Close, CF232
£95003/240.41 miGaulden Grove, Pontprennau2
£1,05005/240.42 miAmber Close, Pontprennau, Cardiff2
£99504/240.42 miThe Maltings, Pontprennau2
£1,00004/240.49 miWisley Place, Pontprennau, Cardiff2
£1,15005/240.5 mi-2
£1,15003/250.5 mi-2
£1,15006/240.5 mi-2
£1,15005/240.5 miWyncliffe Gardens, Cardiff, CF232
£90003/240.5 miClos Dol Heulog, Pontprennau, Cardiff2
£1,00004/240.5 miClos Dol Heulog, Pontprennau, Cardiff2
£80003/240.53 miWern Goch West, Llanederyn, Cardiff2
£1,00003/240.54 miThe Farthings, Pontprennau, Cardiff2
£1,20012/240.61 mi-2
£1,00003/240.62 miRowsby Court, Pontprennau, CARDIFF2

Local Area Statistics

Population in CF23

46,988

Population in Cardiff

357,494

Town centre distance

2.48 miles away

Nearest school

0.20 miles away

Nearest train station

1.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Listed for £135,000

January 13, 2025

Floor Plans

Description

  • Two bedrooms +
  • Ground Floor +
  • Generous Living Reception +
  • Bathroom +
  • Garage +

*Please note that this property has a lease term of less than 50 years, making a cash purchase ideal. The vendor is open to discussing suitable financing options to explore a lease extension upon completion.*

Welcome to this delightful 2-bedroom flat that's just perfect for couple or investors! This gem is currently on the market and awaiting its lucky new owners.

As you step inside, you'll be greeted by the spacious reception room, bathed in natural light thanks to its large windows. It's the ideal space to relax or entertain guests. Moving on, the flat boasts a modern kitchen, complete with all the appliances you'll need to cook up a storm. Whether you're a seasoned chef or a microwave maestro, this kitchen has got you covered.

The sleeping accommodation is just as impressive, with two wonderful bedrooms. The first bedroom is a double that benefits from natural light, creating a bright and airy space to unwind. The second bedroom doesn't disappoint either, offering plenty of space for all your needs.

One of the unique features of this flat is its garage. Keeping your car safe or just having that extra storage space can be a real game-changer in city living.

Location-wise, it's a dream come true. The property is conveniently situated near excellent public transport links, great schools, and a variety of local amenities. What more could you ask for?

Overall, this flat offers a fantastic opportunity to acquire a lovely home in a prime location. Don't miss out on the chance to make it your own. We're looking forward to showing you around!

Service Charge: approx: £112.32 per month.

Agent Details

Moginie James, Cyncoed

029 2271 2198

Next Steps?

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