2 Bed Bungalow, Refurb/BRRR, Cardiff, CF23 5EA, £260,000

Deri Close, Pen-y-lan, Cardiff, CF23 5EA - 2 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£148K - £342.5K
Sold Prices/m²£1.8K/m² - £6.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.8K/m²

Value Estimate

£200,670

 

 

End Value (After Refurb)

£261,264

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£27,830

Bridging Loan Interest

£6,825

Total Cash In

£110,905

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£261,264

Mortgage (After Refinance)

£195,948

Mortgage LTV

75%

Cash Released

£948

Cash Left In

£109,957

Equity

£65,316

Rent Range

£620 - £2,000

Rent Estimate

£1,206

Running Costs/mo

£1,078

Cashflow/mo

£128

Cashflow/yr

£1,540

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £148K to £342.5K, average is £215K. £1.8K/m² to £6.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£342.5K06/230 mi3, Deri Close, Cardiff CF23 5EA2
£224K04/210.04 mi9, Stallcourt Close, Cardiff CF23 5EB2
£190K06/210.04 mi15, Stallcourt Close, Cardiff CF23 5EB2
£245K01/230.04 mi10, Stallcourt Close, Cardiff CF23 5EB2
£190K12/200.04 mi12, Stallcourt Close, Cardiff CF23 5EB2
£265K06/230.04 mi4, Stallcourt Close, Cardiff CF23 5EB2
£224K10/210.14 mi91, Colchester Avenue, Penylan, Cardiff CF23 9AY2
£255K03/230.15 mi2, Sharpe Close, Penylan, Cardiff CF23 9AJ2
£215K08/210.15 mi67, Ffordd Nowell, Penylan, Cardiff CF23 9FB2
£215K06/210.16 mi2, Howardian Close, Penylan, Cardiff CF23 9AG2
£230K02/230.17 mi4, Mathias Close, Penylan, Cardiff CF23 9BE2
£205K03/210.21 mi24, Foster Drive, Penylan, Cardiff CF23 9BZ2
£242K11/220.21 mi18, Foster Drive, Penylan, Cardiff CF23 9BZ2
£200K07/210.21 mi20, Foster Drive, Penylan, Cardiff CF23 9BZ2
£225K12/200.24 mi49, Foster Drive, Penylan, Cardiff CF23 9BD2
£170K12/200.24 mi57, Foster Drive, Penylan, Cardiff CF23 9BD2
£210K06/230.41 mi13, Fort Street, Cardiff CF24 1QQ2
£165K12/200.43 mi29, Spring Gardens Place, Cardiff CF24 1QY2
£185K03/230.43 mi23, Spring Gardens Place, Cardiff CF24 1QY2
£220K05/230.46 mi27, Spring Gardens Terrace, Cardiff CF24 1QW2
£205K05/220.49 miThe Coach House, Arthur Street, Cardiff CF24 1QR2
£212.5K03/210.53 mi74, Cottrell Road, Roath, Cardiff CF24 3EZ2
£290K02/230.54 mi108, Cottrell Road, Roath, Cardiff CF24 3EX2
£206.5K03/210.54 mi12, Cottrell Road, Roath, Cardiff CF24 3EY2
£210K06/230.55 mi49, Theodora Street, Cardiff CF24 1PB2
£188K11/200.56 mi182, Pearl Street, Cardiff CF24 1RB2
£187.5K12/200.56 mi43, Harold Street, Cardiff CF24 1NZ2
£165K10/200.56 mi10, De Bawdrip Road, Cardiff CF24 2TN2
£210K01/210.57 mi48, Upper Kincraig Street, Roath, Cardiff CF24 3HB2
£185K07/210.57 mi6, Bertram Street, Cardiff CF24 1NX2
£215K02/210.57 mi96, Keppoch Street, Cardiff CF24 3JU2
£203K12/200.57 mi133, Keppoch Street, Cardiff CF24 3JU2
£246K03/230.57 mi135, Cyfarthfa Street, Cardiff CF24 3HH2
£252K06/230.58 mi140, Cyfarthfa Street, Cardiff CF24 3HH2
£205K03/230.58 mi116, Strathnairn Street, Cardiff CF24 3JP2
£248.2K08/210.58 mi109, Arran Street, Cardiff CF24 3HU2
£277K07/230.58 mi144, Arran Street, Roath, Cardiff CF24 3HU2
£148K02/230.58 mi293, Railway Street, Cardiff CF24 2NE2
£206K04/210.58 mi142, Strathnairn Street, Cardiff CF24 3JQ2
£218K03/230.61 mi208, Railway Street, Cardiff CF24 2NJ2
£218.9K12/200.62 mi137, Treharris Street, Cardiff CF24 3HP2
£210K12/200.62 mi6, Florence Street, Cardiff CF24 2PA2
£198K04/230.62 mi10, Florence Street, Cardiff CF24 2PA2
£230K12/210.62 mi13, Florence Street, Cardiff CF24 2PA2
£245.5K07/230.64 mi119, Cyfarthfa Street, Cardiff CF24 3HG2
£230K06/210.64 mi71, Strathnairn Street, Cardiff CF24 3JP2
£265K05/230.64 mi83, Strathnairn Street, Cardiff CF24 3JP2
£230K02/210.64 mi29, Croft Street, Cardiff CF24 3DZ2
£222K12/210.65 mi48, Cecil Street, Cardiff CF24 1NW2
£210K02/230.65 mi192, Railway Street, Cardiff CF24 2NH2

Local Rents

51 rents from £620/mo to £2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£2,00002/240.08 mi-2
£95003/240.14 miFfordd Nowell, Penylan2
£1,14503/240.15 miFfordd Nowell, Penylan, Cardiff2
£89503/240.2 miFfordd Nowell, Penylan, Cardiff, CF232
£1,15003/240.22 miFfordd Nowell, Penylan2
£1,00003/240.24 miFoster Drive, Penylan, Cardiff2
£62003/240.27 miMarlborough Road, Cardiff, Cardiff (County of), CF232
£1,25004/240.28 miMelrose Gardens, Melrose Avenue, Penylan, Cardiff 2
£1,20003/240.3 miThomas Court, Harrismith Road, Penylan2
£1,20003/240.3 miThomas Court, Harrismith Road, Penylan2
£1,20005/240.3 miThomas Court, Harrismith Road, Penylan2
£1,40004/240.31 mi-2
£1,30001/250.31 mi-2
£1,30003/240.31 miMarlborough Road 2
£1,30005/240.32 miMarlborough Road, Roath, Cardiff2
£1,30005/240.32 miMarlborough Road, Roath, Cardiff2
£1,95003/250.34 mi-2
£1,10012/240.34 miGeorge Court, Roath2
£1,10012/240.35 miNewport Road, Roath2
£1,45012/240.35 mi-2
£1,45012/240.35 mi-2
£1,45012/240.35 mi-2
£1,25012/240.35 mi-2
£1,25012/240.35 mi-2
£1,25012/240.35 mi-2
£1,06002/250.35 mi-2
£97512/240.36 miHarlequin Court, Newport Road2
£1,00012/240.36 miNewport Road, CARDIFF2
£1,15012/240.37 miAlbany Road, Cardiff2
£1,10003/250.38 mi-2
£1,10012/240.38 miNewport Road, CARDIFF2
£1,40003/240.39 miMarlborough Road, Roath, CF232
£1,10003/240.39 miWaterloo Road, Penylan2
£1,05012/240.39 miNewport Road, Cardiff2
£1,50002/250.4 mi-2
£1,19512/240.41 mi-2
£1,50004/240.41 miPen Y Lan Road, CARDIFF2
£1,50004/240.41 miPen-y-Lan Road, CARDIFF2
£1,20003/240.41 miWaterloo Road, Penylan, Cardiff(City), CF232
£1,20003/240.42 miWaterloo Road, Cardiff2
£1,10012/240.42 miTyler Street, CARDIFF2
£1,10003/240.42 miMarlborough House, Penylan2
£1,40012/240.42 mi-2
£1,40012/240.42 miRoath, Cardiff, CF242
£1,05004/240.43 miPenylan Road, Cardiff, CF232
£1,05005/240.43 mi-2
£1,35012/240.43 miSpring Gardens Place, Splott2
£1,10004/240.43 miMarlborough Road, Roath Park2
£1,10012/240.44 miConnaught Road, Cardiff, CF24 3PX2
£1,10005/240.44 miPenylan Road, Penylan2
£87503/250.45 mi-2

Local Area Statistics

Population in CF23

46,988

Population in Cardiff

357,494

Town centre distance

1.71 miles away

Nearest school

0.30 miles away

Nearest train station

1.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Listed for £260,000

January 30, 2025

Floor Plans

Description

Nestled in the heart of the charming Penylan area, 12 Deri Close is an extended bungalow that effortlessly combines versatile accommodation with picturesque gardens. This spacious property offers a delightful retreat within a short stroll of the popular Waterloo Gardens and Roath Park. Perfect for those seeking to downsize, this bungalow, though in need of some modernisation, is a hidden gem that offers generous space and endless potential. This extended bungalow was originally designed with two bedrooms, but the current layout offers additional living space with the flexibility to reinstate an additional bedroom if desired. The spacious reception areas have been thoughtfully extended and reconfigured, providing ample living space ideal for various arrangements. While the property awaits some modernisation, it presents an excellent opportunity to imbue it with your own personal touch and style. Step outside to discover the pretty enclosed gardens that beckon with their tranquil, low-maintenance charm, providing a serene sanctuary for relaxation and reflection. Secure parking is ensured with a covered carport and gated access to the rear parking area, offering both convenience and peace of mind. Situated in the highly sought-after area of Penylan, this property enjoys the perfect blend of suburban tranquillity and accessibility to local amenities. With the beautiful Waterloo Gardens and the expansive Roath Park just a short stroll away, nature and leisure are at your doorstep. 12 Deri Close is more than just a bungalow; it is a canvas of possibilities waiting to be realized. With its ample living space, beautiful gardens, and prime location in Penylan, this property offers a unique opportunity to create a comfortable and stylish home. EPC rating: C. Tenure: Freehold,

Agent Details

Northwood, Cardiff

029 2271 7583

Next Steps?

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