2 Bed Flat, Single Let, Cardiff, CF11 7FF, £160,000

Morel Court, Cardiff, CF11 7FF - 2 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£110K - £317.5K
Sold Prices/m²£1.9K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£174,346
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£800 - £2,500

Rent Estimate

£950

Running Costs/mo

£710

Cashflow/mo

£240

Cashflow/yr

£2,880

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £110K to £317.5K, average is £135K. £1.9K/m² to £3.6K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£119K10/200 mi21, Morel Court, Cardiff CF11 7FF2
£121K06/210 mi3, Morel Court, Cardiff CF11 7FF2
£119K11/200.02 mi20, Seager Drive, Cardiff CF11 7QA2
£130K10/210.02 mi12, Seager Drive, Cardiff CF11 7QA2
£135K03/230.02 mi20, Seager Drive, Cardiff CF11 7QA2
£134.9K02/230.04 mi52, Harrison Way, Cardiff CF11 7PE2
£152K12/220.04 mi51, Harrison Way, Cardiff CF11 7PE2
£123K07/210.04 mi54, Harrison Way, Cardiff CF11 7PE2
£127.5K06/210.06 mi87, Seager Drive, Cardiff CF11 7FD2
£149K11/220.06 mi87, Seager Drive, Cardiff CF11 7FD2
£132K03/230.07 mi82, Harrison Way, Cardiff CF11 7GX2
£124K01/210.08 mi10, Claymore Place, Cardiff CF11 7JJ2
£152K11/220.08 mi11, Claymore Place, Cardiff CF11 7JJ2
£124K11/200.08 mi5, Campbell Drive, Cardiff CF11 7QE2
£128K04/210.08 mi13, Campbell Drive, Cardiff CF11 7QE2
£155K12/220.09 mi35, O'leary Drive, Cardiff CF11 7EB2
£135K03/210.09 mi7, Shearman Place, Cardiff CF11 7FA2
£142K11/200.09 mi13, Oleary Drive, Cardiff CF11 7EB2
£130K10/200.09 mi23, Oleary Drive, Cardiff CF11 7EB2
£135K12/210.09 mi40, Oleary Drive, Cardiff CF11 7EB2
£150K02/230.09 mi22, O'leary Drive, Cardiff CF11 7EB2
£151K06/230.1 mi6, O'leary Drive, Cardiff CF11 7EB2
£140K05/210.1 mi19, Oleary Drive, Cardiff CF11 7EB2
£163K04/230.1 mi13, O'leary Drive, Cardiff CF11 7EB2
£150K06/230.1 mi9, O'leary Drive, Cardiff CF11 7EB2
£120K08/210.11 mi53, Cory Place, Cardiff CF11 7QB2
£129K03/210.11 mi9, Cory Place, Cardiff CF11 7QB2
£130K12/200.11 mi61, Cory Place, Cardiff CF11 7QB2
£161K12/220.14 mi40, Campbell Drive, Cardiff CF11 7TQ2
£131K10/200.14 mi58, Campbell Drive, Cardiff CF11 7TQ2
£125K06/210.14 mi50, Campbell Drive, Peasedown St John, Cardiff CF11 7TQ2
£142K02/210.14 mi136, Campbell Drive, Cardiff CF11 7TQ2
£130K11/200.15 mi100, Seager Drive, Cardiff CF11 7FE2
£130K11/200.15 mi137, Seager Drive, Cardiff CF11 7FE2
£110K11/200.15 mi132, Seager Drive, Cardiff CF11 7FE2
£133.5K10/200.15 mi151, Seager Drive, Cardiff CF11 7FE2
£156K12/220.19 mi184, Ffordd James Mcghan, Cardiff CF11 7JU2
£172.5K07/230.33 mi91, Jim Driscoll Way, Cardiff CF11 7JN2
£170K12/220.36 mi56, Jim Driscoll Way, Cardiff CF11 7JL2
£170K02/230.4 mi18, Jim Driscoll Way, Cardiff CF11 7JA2
£160K06/210.41 mi65, Grangemoor Court, Cardiff CF11 0AA2
£145K12/200.43 mi31, Grangemoor Court, Cardiff CF11 0AL2
£140K06/210.48 mi216b, Clive Street, Cardiff CF11 7JG2
£170K05/210.51 mi106, Jim Driscoll Way, Cardiff CF11 7JR2
£210K03/230.51 mi131, Jim Driscoll Way, Cardiff CF11 7JR2
£317.5K12/200.55 mi48, Windsor Esplanade, Cardiff CF10 5BG2
£110K09/230.62 miFlat 20, Cogan Court, Cogan Pill Road, Llandough, Penarth, The Vale Of Glamorgan CF64 2NQ2
£110K04/210.62 miFlat 20, Cogan Court, Cogan Pill Road, Llandough, Penarth, The Vale Of Glamorgan CF64 2NQ2
£210K01/230.62 miApartment 10, The Anchorage, River Walk, Penarth, The Vale Of Glamorgan CF64 1SX2
£225K06/210.62 miApartment 8, The Anchorage, River Walk, Penarth, The Vale Of Glamorgan CF64 1SX2

Local Rents

50 rents from £800/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£97503/240.03 miSeager Drive, Windsor Quay, Cardiff Bay2
£1,10005/240.04 miHarrison Way, Cardiff Bay2
£1,00003/240.06 miSeager Drive, Windsor Quay, Cardiff Bay2
£1,20003/240.06 miHarrison Way, Cardiff Bay2
£95003/240.06 miFfordd James Mcghan, Cardiff, CF112
£95012/240.07 miHarrison Way, Windsor Quay, Cardiff Bay2
£1,00003/240.08 miFfordd James McGhan, Cardiff Bay2
£1,10004/240.08 miFfordd James McGhan, Cardiff2
£80004/240.08 miCampbell Drive, Windsor Quay, Cardiff Bay2
£1,05005/240.08 miCampbell Drive, Cardiff Bay, Cardiff2
£95004/240.11 mi-2
£1,05003/240.11 miKestell Drive, Cardiff Bay2
£1,05004/240.11 miKestell Drive, Cardiff Bay2
£1,20003/240.12 miFfordd James McGhan, Ferry Road, Cardiff Bay2
£1,27005/240.13 mi-2
£1,27004/240.13 miWindsor Quay, Cardiff, CF112
£99510/230.14 mi-2
£99504/240.14 miFfordd James McGhan, Cardiff, 2
£1,10003/240.14 mi67 Beatrix House, Victoria Wharf, Dunleavy Drive2
£95003/240.14 miCampbell Drive, CARDIFF2
£1,05003/240.18 miGreat Ormes House, Ferry Court, Cardiff2
£1,40011/230.18 mi-2
£1,30012/240.18 mi-2
£1,10004/240.18 mi-2
£1,10003/240.18 miFerry Court, Cardiff, CF112
£1,10003/240.18 miJones Point House, Prospect Place, 4th Floor2
£1,17503/240.18 miFerry Court, CARDIFF2
£1,10003/240.18 miJones Point House , Ferry Court, Cardiff2
£1,10003/240.19 miAlderney House, Prospect Place, 1st Floor2
£1,10003/240.19 miAlderney House, Prospect Place, 1st Floor2
£1,20011/230.19 miFerry Court,Cardiff,CF112
£1,00004/240.2 miFfordd James McGhan, CARDIFF2
£1,30004/240.21 miLady Isle House, Ferry Court, Prospect Place2
£1,30005/240.21 miLady Isle House, Prospect Place2
£2,50003/240.21 miLady Isle House, Prospect Place, Cardiff Bay2
£1,20003/240.21 miLady Isle House, Prospect Place, Cardiff Bay2
£1,12510/230.21 mi-2
£1,12502/250.21 mi-2
£1,10003/240.22 miFfordd James Mcghan, Cardiff Bay2
£1,30004/240.22 miFerry Court, Cardiff, CF112
£99503/240.22 mi-2
£99503/240.22 miFerry Court, Cardiff, CF112
£99503/240.22 miFerry Court, Cardiff, CF112
£1,15003/240.23 miAlderney House, Ferry Court, Cardiff2
£1,27503/240.23 miAlderney House, Prospect Place, Cardiff2
£1,00004/240.23 miFerry Court, Cardiff(City), CF112
£1,20003/240.23 miFerry Court, CARDIFF2
£1,26011/230.23 miAlderney House, Ferry Court, Cardiff, CF11 0JT2
£1,05003/240.23 miProspect Place, Cardiff Bay2
£1,10004/240.23 miBreakwater House, Prospect Place, 3rd Floor (Ref.1358)2

Local Area Statistics

Population in CF11

36,147

Population in Cardiff

357,494

Town centre distance

3.18 miles away

Nearest school

0.50 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Listed for £160,000

January 29, 2025

Floor Plans

Description

  • Council Tax Band - C +

  • Allocated Parking Space and Visitor Bays +

  • Top Floor Apartment +

  • Walking Distance to Local Amenities +

  • Sought After Estate +

SUMMARY
Located within Cardiff Bay and just a stone through from Cardiff Bay Retail Park that houses all local amenities such as shops, pubs, transport links and local attractions, is this PERFECT First Time Buy benefitting from allocated parking!

DESCRIPTION
Located within Cardiff Bay and just a stone throw from Cardiff Bay Retail Park is this top floor two bedroom flat that would be PERFECT for First Time Buyers! The property is within close proximity to all local amenities such as shops, pubs, transport links and local attractions such as International Sports Village and Vindico Arena. Internally the property comprises communal entrance hall with access to flat, hallway, lounge, kitchen, two bedrooms and bathroom. To the front of the property there is a car park with an allocated parking space for the flat and multiple visitor bays. The apartment further benefits from loft storage. There is also a communal garden surrounding the building. Viewings are highly recommended for this property. To book call or book via our website

Communal Entrance 

Hallway 
Access to loft storage and all rooms. Recently renovated throughout. New plastered ceilings and newly painted.

Lounge 11' 2" max x 19' 2" max ( 3.40m max x 5.84m max )
Recently renovated throughout. New plastered ceilings. Newly painted.

Kitchen 8' 1" x 7' 8" ( 2.46m x 2.34m )
Recently renovated kitchen. New units and tiles.

Master Bedroom 8' 1" x 9' 1" ( 2.46m x 2.77m )
Recently renovated. New plastered ceilings. Newly painted.

Bedroom Two 8' 1" x 6' 8" ( 2.46m x 2.03m )
Recently renovated throughout. New plastered ceilings. Newly painted.

Bathroom 
Recently renovated. New bathroom suite, tiling and plastered ceilings.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER PETER ALAN NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Peter Alan, Canton

029 2271 6271

Next Steps?

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