2 Bed Terraced House, Planning Permission, Cardiff, CF24 4LL, £235,000

Lisvane Street, Cathays, CF24 4LL - 2 views - 2 months ago

Sold STC
Planning
ROI: 5%
~68 m²

ValuationOvervalued

Sold Prices£162.5K - £335K
Sold Prices/m²£1.9K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£199,396

 

 

End Value (After Refurb)

£196,875

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Refurb Costs

£27,830

Bridging Loan Interest

£6,169

Total Cash In

£102,749

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£196,875

Mortgage (After Refinance)

£147,656

Mortgage LTV

75%

Cash Left In

£102,749

Equity

£49,219

Rent Range

£600 - £2,900

Rent Estimate

£1,372

Running Costs/mo

£910

Cashflow/mo

£462

Cashflow/yr

£5,548

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £162.5K to £335K, average is £225.3K. £1.9K/m² to £4.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£265K02/230.09 mi87, Brithdir Street, Cardiff CF24 4LF2
£250K06/210.09 mi67, Brithdir Street, Cardiff CF24 4LF2
£200K07/230.1 mi14, Darran Street, Cardiff CF24 4JF2
£208K11/200.16 mi39, Dalton Street, Cardiff CF24 4HB2
£192.5K07/230.16 mi27, Treherbert Street, Cardiff CF24 4JN2
£227.5K05/230.18 mi16, Merthyr Street, Cathays, Cardiff CF24 4JJ2
£197.5K06/210.24 mi51, Blackweir Terrace, Cardiff CF10 3EQ2
£232K10/210.27 mi52, Daniel Street, Cardiff CF24 4NY2
£220K09/210.3 mi44, Robert Street, Cathays, Cardiff CF24 4PD2
£244.9K02/240.33 mi8, Talygarn Street, Cardiff CF14 3PT2
£195K03/210.33 mi43, Talygarn Street, Cardiff CF14 3PS2
£242.5K04/230.33 mi26, Talygarn Street, Cardiff CF14 3PT2
£225.5K02/210.33 mi42, Spencer Street, Cardiff CF24 4PG2
£225K07/230.34 mi3, Robert Street, Cathays, Cardiff CF24 4PB2
£268K07/230.34 mi15, Bruce Street, Cardiff CF24 4PJ2
£250K08/230.35 mi9, Talygarn Street, Cardiff CF14 3PS2
£162.5K11/210.37 mi1, Brydges Place, Cardiff CF24 4DP2
£187K03/210.38 mi9, Gwennyth Street, Cardiff CF24 4PH2
£179.9K12/200.38 mi159, Woodville Road, Cardiff CF24 4NW2
£187K03/210.38 mi9, Gwennyth Street, Cardiff CF24 4PH2
£335K08/230.4 mi72, New Zealand Road, Cardiff CF14 3BS2
£255K01/210.4 mi66, New Zealand Road, Cardiff CF14 3BS2
£290K06/230.4 mi104, New Zealand Road, Cardiff CF14 3BS2
£198K01/210.43 mi11, Cross Place, Cardiff CF14 3AQ2
£279.9K09/210.51 mi112, Inverness Place, Cardiff CF24 4SA2
£240K06/210.51 mi99, Inverness Place, Cardiff CF24 4RW2
£255K02/230.53 mi106, Inverness Place, Cardiff CF24 4SA2
£227.8K03/210.58 mi50, Inverness Place, Cardiff CF24 4RZ2
£237K08/210.6 mi37, Arabella Street, Cardiff CF24 4SW2
£233K01/210.6 mi103, Moy Road, Cardiff CF24 4TE2
£197.5K04/210.6 mi29, Arabella Street, Cardiff CF24 4SW2
£218K04/210.6 mi27, Arabella Street, Cardiff CF24 4SW2
£217.5K05/210.6 mi33, Arabella Street, Cardiff CF24 4SW2
£199K03/210.64 mi31, Donald Street, Cardiff CF24 4TJ2
£240K10/210.65 mi109, Alfred Street, Cardiff CF24 4UA2
£206K12/200.65 mi17, Quentin Street, Cardiff CF14 3JW2
£230K11/200.67 mi57, Strathnairn Street, Cardiff CF24 3JL2
£210K12/230.68 mi34, Maitland Street, Cardiff CF14 3JU2
£257.5K09/230.68 mi48, Maitland Street, Cardiff CF14 3JU2
£226.8K11/200.71 mi30, Keppoch Street, Cardiff CF24 3JW2
£230K06/210.75 mi71, Strathnairn Street, Cardiff CF24 3JP2
£265K05/230.75 mi83, Strathnairn Street, Cardiff CF24 3JP2
£222.5K04/210.75 mi86, Glenroy Street, Cardiff CF24 3JY2
£210K06/230.78 mi31, Russell Street, Cardiff CF24 3BG2
£250K08/230.78 mi9b, Dogo Street, Cardiff CF11 9JJ2
£189K12/220.78 mi58, Llantarnam Road, Cardiff CF14 3EG2
£206K04/210.8 mi142, Strathnairn Street, Cardiff CF24 3JQ2
£205K03/230.8 mi116, Strathnairn Street, Cardiff CF24 3JP2
£215K03/210.82 mi32, Treharris Street, Cardiff CF24 3HN2
£205K02/210.82 mi16, Treharris Street, Cardiff CF24 3HN2

Local Rents

50 rents from £600/mo to £2.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,00012/240.1 miCathays Terrace, Cathays, Cardiff2
£1,32512/240.11 miRhigos Gardens Cardiff2
£1,32512/240.11 miRhigos Gardens Cardiff2
£1,40012/240.11 miRhigos Gardens Cardiff2
£99502/240.18 mi-2
£1,20012/240.19 mi-2
£1,10012/240.19 mi-2
£90001/240.19 mi-2
£92001/250.19 mi-2
£2,50003/250.2 mi-2
£1,05012/240.22 miMonthermer Road, Cathays, CF24 4QW2
£1,00003/250.25 mi-2
£1,40003/250.27 mi-2
£1,10003/240.28 miLock Keepers Court, CF102
£1,05003/240.28 miLock Keepers Court, CF10 3EZ2
£1,45012/240.28 mi-2
£1,40012/240.3 miCatherine Street, Cardiff(City), CF242
£1,40012/240.3 miCatherine Street, Cardiff(City), CF242
£1,40012/240.3 miCatherine Street, Cardiff(City), CF242
£92503/240.3 miColum Road, Cathays2
£92503/240.3 miColum Road, Cathays2
£1,20003/240.32 miColum Road, Cathays2
£2,49903/250.32 mi-2
£1,15012/240.33 mi-2
£93003/240.34 miColum Road, Cathays, Cardiff2
£1,10012/240.35 mi-2
£1,39511/230.36 miColum Road, Cardiff, Cardiff (County of), CF102
£1,30012/240.36 miWoodville Road, Cardiff(City), CF242
£1,05012/240.38 miMonthermer Road, Cardiff2
£1,25012/240.38 mi-2
£1,20012/240.38 mi-2
£1,10003/240.38 miColum Road, Cathays, CF10 3EE2
£1,25004/240.38 miColum Road, Cathays, CF10 3EE2
£1,25003/240.39 miColum Road, Cathays, CF10 3EE2
£60003/250.39 mi-2
£1,05012/240.39 miAllensbank Road, Heath, Cardiff2
£1,45012/240.39 miWoodville Road, Cardiff, CF242
£1,45004/240.39 mi-2
£1,25003/240.4 miColum Road, Cathays, CF10 3EE2
£1,25004/240.4 miColum Road, Cathays, CF10 3EE2
£1,25004/240.4 miColum Road, Cathays, CF10 3EE2
£1,30012/240.41 miRichards Street, Cathays2
£98004/240.42 miColum Road, Cathays2
£1,30012/240.43 miMalefant Street, Cardiff(City), CF242
£97512/240.44 miGround Floor Flat Llanishen Street, Cathays, Cardiff, CF142
£1,15012/240.45 miMackintosh Place, CARDIFF2
£1,15012/240.45 miMackintosh Place, CF242
£1,20012/240.46 miWyeverne Road, Cardiff2
£2,65002/240.47 mi-2
£2,90005/240.47 mi-2

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

0.53 miles away

Nearest school

0.10 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £235,000

February 18, 2025

Description

  • Two Self-Contained One-Bedroom Flats: Currently generating rental income, each flat includes a kitchen, bathroom, and living space, perfect for professionals or students. +
  • High-Potential Loft Space: The spacious loft area offers significant potential for conversion, adding extra bedrooms or communal spaces. +
  • Development Opportunity for 6-Bedroom HMO Conversion: With high ceilings and ample internal space, the property can easily be transformed into a 6-bedroom student house (subject to planning permission +
  • Prime Cardiff Location: Situated close to Cardiff’s universities, local amenities, and transport links, providing convenient access for tenants. +
  • Strong Rental Demand: Positioned in a highly sought-after area, ideal for capitalizing on Cardiff's thriving student and professional rental market. +

Nest Homes & Interiors is proud to present a unique investment opportunity in the heart of Cardiff. This end-of-terrace property currently comprises two self-contained one-bedroom flats, each thoughtfully designed with its own kitchen, bathroom, and living space. Perfectly suited for professionals or students, the property is already generating steady rental income, with the option to continue as separate lets, offering immediate returns. What truly sets this property apart is its exceptional development potential. Boasting a spacious interior and a generous loft area, it presents a prime opportunity for conversion into a 6-bedroom student house (subject to the necessary planning permissions). The high ceilings and expansive loft space provide ample scope for creative redesign, including the addition of en-suite bedrooms or the enhancement of communal areas—ideal for catering to the strong demand in Cardiff’s competitive student rental market. Located in a highly sought-after area, the property benefits from excellent access to local amenities, transport links, and Cardiff’s renowned universities. Whether you're an investor seeking a property with immediate rental income or someone with a vision for future development, this is a rare opportunity you won’t want to miss. Key Features:

  • Two Self-Contained One-Bedroom Flats: Each flat includes a kitchen, bathroom, and living space, offering immediate rental income potential.

  • Expansive Loft Space: A high-potential area, ideal for conversion and redesign to create additional bedrooms or larger communal spaces.

  • Development Opportunity for a 6-Bedroom HMO: With high ceilings and generous internal space, the property has excellent potential for conversion (subject to planning approval).

  • Prime Cardiff Location: Close proximity to universities, local amenities, and excellent transport links, ensuring strong demand from both students and professionals.

  • Strong Rental Income & Capital Growth: The property is already generating income, with further potential for value growth through redevelopment.

Don’t miss out on this exceptional investment opportunity. Contact us today to learn more or arrange a viewing!

EPC Rating: D

Agent Details

Nest Homes & Interiors, Covering Cardiff

029 2271 1818

Next Steps?

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