2 Bed Flat, Single Let, Cardiff, CF10 4RG, £220,000

Vega House, Falcon Drive, Cardiff, CF10 4RG - 1 views - 3 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£120K - £375K
Sold Prices/m²£1.9K/m² - £4.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£172,747

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£950 - £2,400

Rent Estimate

£1,000

Running Costs/mo

£908

Cashflow/mo

£93

Cashflow/yr

£1,110

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £120K to £375K, average is £177.8K. £1.9K/m² to £4.8K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£219.9K12/220.08 mi189, Adventurers Quay, Cardiff CF10 4NS2
£200K04/210.08 mi185, Adventurers Quay, Cardiff CF10 4NS2
£227.5K10/230.09 mi194, Adventurers Quay, Cardiff CF10 4NS2
£178K06/230.3 miFlat 3, Forio House, Ffordd Garthorne, Cardiff CF10 4DD2
£180K10/200.3 miFlat 29, Forio House, Ffordd Garthorne, Cardiff CF10 4DD2
£145K07/210.35 miFlat 9, Amalfi House, Ffordd Garthorne, Cardiff CF10 4DA2
£147K02/210.38 miFlat 12, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£137K01/210.39 miFlat 1, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£139K10/200.39 miFlat 11, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£165K03/230.41 miFlat 55, Rimini House, Ffordd Garthorne, Cardiff CF10 4DH2
£150K04/210.41 miFlat 52, Rimini House, Ffordd Garthorne, Cardiff CF10 4DH2
£177.5K09/210.42 mi113, Henke Court, Cardiff CF10 4EJ2
£188.5K03/210.42 mi117, Henke Court, Cardiff CF10 4EJ2
£185K03/210.43 mi106, Henke Court, Cardiff CF10 4EG2
£245K08/210.45 mi9, Henke Court, Cardiff CF10 4EB2
£245K08/210.45 mi9, Henke Court, Cardiff CF10 4EB2
£262K11/220.45 mi24, Henke Court, Cardiff CF10 4EB2
£235K03/210.45 mi74, Henke Court, Cardiff CF10 4EB2
£260K04/230.45 mi76, Henke Court, Cardiff CF10 4EB2
£155K10/200.46 mi53, Havannah Street, Cardiff CF10 5SF2
£234K12/200.46 mi163, Havannah Street, Cardiff CF10 5SG2
£290K05/210.46 mi201, Havannah Street, Cardiff CF10 5SG2
£375K03/210.46 mi227, Havannah Street, Cardiff CF10 5SG2
£254K12/220.46 mi40, Henke Court, Cardiff CF10 4EB2
£179.2K10/200.46 mi94, Henke Court, Cardiff CF10 4EB2
£230K03/210.46 mi47, Henke Court, Cardiff CF10 4EB2
£245K12/220.46 mi11, Henke Court, Cardiff CF10 4EB2
£249.9K04/230.46 mi181, Havannah Street, Cardiff CF10 5SG2
£147K05/210.47 mi45, Carlotta Way, Cardiff CF10 5FY2
£152K03/210.47 mi18, Carlotta Way, Cardiff CF10 5FY2
£150K05/210.47 mi15, Carlotta Way, Cardiff CF10 5FY2
£186K09/230.47 mi146, Henke Court, Cardiff CF10 4EL2
£120K04/210.49 mi3, Dudley Court, Cardiff CF10 5BQ2
£190K01/230.5 mi61, Judkin Court, Cardiff CF10 5AU2
£165K12/200.51 mi57, Corvette Court, Cardiff CF10 4NN2
£190K05/230.51 mi50, Corvette Court, Cardiff CF10 4NN2
£167.5K04/230.51 mi46, Harrowby Street, Cardiff CF10 5GA2
£123K08/210.51 mi36, Harrowby Street, Cardiff CF10 5GA2
£140K03/210.51 mi90, Harrowby Street, Cardiff CF10 5GA2
£160K07/210.52 miApartment 16, Amity Court, Longueil Close, Cardiff CF10 4EA2
£186K07/210.52 miApartment 9, Amity Court, Longueil Close, Cardiff CF10 4EA2
£185K09/230.52 mi23, Corvette Court, Cardiff CF10 4NL2
£162K12/220.54 mi56, Reresby Court, Cardiff CF10 5NR2
£147.5K04/210.54 mi19, Reresby Court, Cardiff CF10 5NR2
£152K02/210.54 mi49, Reresby Court, Cardiff CF10 5NR2
£165K08/230.54 mi32, Reresby Court, Cardiff CF10 5NR2
£146K06/210.54 mi64, Reresby Court, Cardiff CF10 5NR2
£132.8K04/210.54 mi32, Reresby Court, Cardiff CF10 5NR2
£152.5K10/210.54 mi10, Reresby Court, Cardiff CF10 5NR2
£152.5K02/210.54 mi61, Reresby Court, Cardiff CF10 5NR2

Local Rents

50 rents from £950/mo to £2.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10005/240.02 miFalcon Drive, Cardiff, CF102
£1,05004/240.04 miSirius House, Celestia, Cardiff Bay2
£1,09505/240.05 miSirius House, Falcon Drive, CF10 4RB2
£1,25003/240.05 miElectra House, Cardiff Bay, CF10 4RD2
£1,25004/240.05 miElectra House, Cardiff Bay, CF10 4RD2
£1,00003/240.06 miCapella House, Celestia, Cardiff Bay2
£1,05003/240.06 miCapella House, Celestia, Cardiff Bay2
£1,05003/240.06 miCapella House, Celestia, Cardiff Bay2
£1,05003/240.06 miCapella House, Celestia2
£1,20003/240.06 miAtlas House, Celestia, Cardiff Bay2
£1,17503/240.06 miAltair House, Celestia, Cardiff Bay2
£1,10003/240.07 miMaia House, Celestia, 5th Floor2
£1,05005/240.07 miAltair House, Celestia, Cardiff Bay2
£1,10004/240.08 miFalcon Drive, Cardiff(City), CF102
£1,10003/240.08 miFalcon Drive, Cardiff Bay, CF102
£1,20003/240.08 miMaia House, Prospect Place 2
£1,20004/240.08 miMaia House, Celestia2
£1,10011/230.08 miMaia House, Falcon Drive, Cardiff2
£1,30005/240.08 miVega House, Celestia, Cardiff Bay2
£1,10003/240.09 miAdventurers Quay, Cardiff Bay2
£1,15004/240.09 miAdventurers Quay, Cardiff Bay2
£1,00004/240.09 miAdventurers Quays, Cardiff Bay2
£1,25003/250.09 mi-2
£1,25004/240.1 miMount Stuart Square, Cardiff Bay2
£1,40002/250.1 mi-2
£1,40005/240.1 miVega House, Falcon Drive, CARDIFF2
£99504/240.21 miGalleon Way, Cardiff Bay2
£1,20003/240.21 miThe Waterquarter, Galleon Way, Cardiff Bay2
£2,00003/240.22 mi-2
£2,00005/240.22 mi-2
£1,15003/240.23 miGalleon Way, Cardiff, Cardiff (County of), CF102
£1,30005/240.24 miGalleon Way, Cardiff Bay, Cardiff2
£1,10002/240.24 mi-2
£1,10005/240.24 mi-2
£1,10005/240.24 miGalleon Way, Cardiff, CF102
£95004/240.24 miGalleon Way, Cardiff, 5th Floor (Ref 10126)2
£2,40004/240.25 mi-2
£2,20005/240.25 mi-2
£1,19503/240.25 miGalleon Way, CARDIFF2
£1,15004/240.25 miGalleon Way, Waterquater2
£1,15004/240.25 miGalleon Way, Cardiff Bay2
£1,25005/240.25 miGalleon Way, Cardiff2
£1,10005/240.25 miGalleon Way, CARDIFF2
£1,30003/240.25 miGalleon Way, Cardiff, CF102
£1,05003/240.26 miThe Water Quarter, Galleon Way, Cardiff, CF102
£1,20002/240.26 mi-2
£97503/240.26 miAprilia House, Lloyd George Avenue, Cardiff Bay2
£1,45004/240.27 miQuayside, Cardiff Bay2
£1,29505/240.27 mi-2
£1,20003/240.31 miCadogan House, Cardiff Bay2

Local Area Statistics

Population in CF10

15,450

Population in Cardiff

357,494

Town centre distance

2.86 miles away

Nearest school

0.40 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+39%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £220,000

January 20, 2025

Floor Plans

Description

  • Modern Throughout +
  • Water Views +
  • No Onward Chain +
  • 10th Floor Apartment +
  • En-Suite +
  • On Site Concierge +
  • Allocated Parking +
  • Two Double Bedrooms +

James Douglas is delighted to welcome this two double bedroom 10th floor apartment property to the market. Situated on the fully gated development at Vega House, Falcon Drive complete with secure entry and 24 hour concierge. Vega House is within walking distance of Mermaid Quay which has a wealth of Restaurants and bars and only minutes away from all the Cardiff Bay attractions. The perfect property for any prospective buyer. This property is in close proximity to Cardiff Bay and Cardiff City Centre. In brief terms the accommodation comprises an entrance hallway, bathroom, living/kitchen/diner, bedroom one with en-suite and bedroom two all on one floor. Electric skirting board central heating and double glazed throughout. Allocated on-site parking for one car. EPC TBC. Council tax band F.

NO ONWARD CHAIN

FANTASTIC WATER VIEWS

ALLOCATED PARKING AVAILABLE

SOME ITEMS OF FURNITURE ARE NEGOTIABLE

Vega House, Falcon Drive is a few minutes walk from Cardiff Bay which includes a wide range of shops, bars, restaurants and sporting and recreational facilities. The local primary schools are Mount Stuart Primary School & St Cuthbert's R.C. Primary School with the local high school being Willows High School. There is a useful mainline railway station in Cardiff Bay. Easy access to the A4232/M4 motorway brings other major centres including the capital city of Cardiff, Newport and Swansea within commuting distance.

Additional Information
------------------------------------
Tenure: Leasehold
125 years remaining on lease from 01/01/2006
Service Charge - £4061.34 annually
Ground Rent - £150 annually
EPC: TBC
Council Tax Band: F

Agent Details

James Douglas, Cardiff

029 2271 1537

Next Steps?

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