dealsourcr

2 Bed Flat, Single Let, Cardiff, CF10 4PD, £155,000

Aquila House, Falcon Drive, Cardiff, CF10 4PD - 16 days ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£176,070
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£8,950

Total Cash In

£47,700

 

 

Cash Out

 

Rent Range

£950 - £2,400

Rent Estimate

£1,050

Running Costs/mo

£714

Cashflow/mo

£336

Cashflow/yr

£4,028

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £120K to £375K, average is £179.6K. £1.9K/m² to £4.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£219.9K12/220.07 mi189, Adventurers Quay, Cardiff CF10 4NS2
£200K04/210.07 mi185, Adventurers Quay, Cardiff CF10 4NS2
£227.5K10/230.08 mi194, Adventurers Quay, Cardiff CF10 4NS2
£356.8K10/200.13 mi67, Adventurers Quay, Cardiff CF10 4NQ2
£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
£152K10/200.37 miFlat 16, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£147K02/210.37 miFlat 12, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£137K01/210.38 miFlat 1, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£139K10/200.38 miFlat 11, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£165K03/230.4 miFlat 55, Rimini House, Ffordd Garthorne, Cardiff CF10 4DH2
£150K04/210.4 miFlat 52, Rimini House, Ffordd Garthorne, Cardiff CF10 4DH2
£177.5K09/210.41 mi113, Henke Court, Cardiff CF10 4EJ2
£188.5K03/210.41 mi117, Henke Court, Cardiff CF10 4EJ2
£185K03/210.41 mi106, Henke Court, Cardiff CF10 4EG2
£245K08/210.43 mi9, Henke Court, Cardiff CF10 4EB2
£245K08/210.43 mi9, Henke Court, Cardiff CF10 4EB2
£262K11/220.43 mi24, Henke Court, Cardiff CF10 4EB2
£235K03/210.43 mi74, Henke Court, Cardiff CF10 4EB2
£260K04/230.43 mi76, Henke Court, Cardiff CF10 4EB2
£254K12/220.44 mi40, Henke Court, Cardiff CF10 4EB2
£245K12/220.44 mi11, Henke Court, Cardiff CF10 4EB2
£179.2K10/200.44 mi94, Henke Court, Cardiff CF10 4EB2
£230K03/210.44 mi47, Henke Court, Cardiff CF10 4EB2
£186K09/230.45 mi146, Henke Court, Cardiff CF10 4EL2
£147K05/210.48 mi45, Carlotta Way, Cardiff CF10 5FY2
£152K03/210.48 mi18, Carlotta Way, Cardiff CF10 5FY2
£150K05/210.48 mi15, Carlotta Way, Cardiff CF10 5FY2
£155K10/200.48 mi53, Havannah Street, Cardiff CF10 5SF2
£234K12/200.48 mi163, Havannah Street, Cardiff CF10 5SG2
£290K05/210.48 mi201, Havannah Street, Cardiff CF10 5SG2
£375K03/210.48 mi227, Havannah Street, Cardiff CF10 5SG2
£249.9K04/230.49 mi181, Havannah Street, Cardiff CF10 5SG2
£165K12/200.5 mi57, Corvette Court, Cardiff CF10 4NN2
£173K10/200.5 mi50, Corvette Court, Cardiff CF10 4NN2
£190K05/230.5 mi50, Corvette Court, Cardiff CF10 4NN2
£160K07/210.5 miApartment 16, Amity Court, Longueil Close, Cardiff CF10 4EA2
£186K07/210.5 miApartment 9, Amity Court, Longueil Close, Cardiff CF10 4EA2
£185K09/230.51 mi23, Corvette Court, Cardiff CF10 4NL2
£190K01/230.51 mi61, Judkin Court, Cardiff CF10 5AU2
£120K04/210.52 mi3, Dudley Court, Cardiff CF10 5BQ2
£167.5K04/230.53 mi46, Harrowby Street, Cardiff CF10 5GA2
£123K08/210.53 mi36, Harrowby Street, Cardiff CF10 5GA2
£140K03/210.53 mi90, Harrowby Street, Cardiff CF10 5GA2
£140K12/200.53 mi40 The Granary, Magretian Place, Cardiff CF10 4BR2
£188K02/230.54 mi13 The Granary, Magretian Place, Cardiff CF10 4BR2
£175.5K07/230.54 mi37 The Granary, Magretian Place, Cardiff CF10 4BR2
£162K12/220.54 mi56, 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 
£1,25003/240.03 miElectra House, Cardiff Bay, CF10 4RD2
£1,25004/240.03 miElectra House, Cardiff Bay, CF10 4RD2
£1,09505/240.03 miSirius House, Falcon Drive, CF10 4RB2
£1,10005/240.03 miFalcon Drive, Cardiff, CF102
£1,20003/240.04 miAtlas House, Celestia, Cardiff Bay2
£1,05004/240.05 miSirius House, Celestia, Cardiff Bay2
£1,00003/240.07 miCapella House, Celestia, Cardiff Bay2
£1,05003/240.07 miCapella House, Celestia, Cardiff Bay2
£1,05003/240.07 miCapella House, Celestia, Cardiff Bay2
£1,10003/240.07 miAdventurers Quay, Cardiff Bay2
£1,15004/240.07 miAdventurers Quay, Cardiff Bay2
£1,05003/240.08 miCapella House, Celestia2
£1,10003/240.08 miMaia House, Celestia, 5th Floor2
£1,17503/240.09 miAltair House, Celestia, Cardiff Bay2
£1,10004/240.1 miFalcon Drive, Cardiff(City), CF102
£1,10003/240.1 miFalcon Drive, Cardiff Bay, CF102
£1,20003/240.1 miMaia House, Prospect Place 2
£1,20004/240.1 miMaia House, Celestia2
£1,10011/230.1 miMaia House, Falcon Drive, Cardiff2
£1,05005/240.1 miAltair House, Celestia, Cardiff Bay2
£1,00004/240.1 miAdventurers Quays, Cardiff Bay2
£1,25003/250.1 mi-2
£1,30005/240.11 miVega House, Celestia, Cardiff Bay2
£1,25004/240.12 miMount Stuart Square, Cardiff Bay2
£1,40002/250.12 mi-2
£1,40005/240.12 miVega House, Falcon Drive, CARDIFF2
£1,20003/240.19 miThe Waterquarter, Galleon Way, Cardiff Bay2
£99504/240.19 miGalleon Way, Cardiff Bay2
£2,00003/240.2 mi-2
£2,00005/240.2 mi-2
£1,15003/240.21 miGalleon Way, Cardiff, Cardiff (County of), CF102
£1,10002/240.21 mi-2
£1,10005/240.21 mi-2
£1,10005/240.21 miGalleon Way, Cardiff, CF102
£95004/240.21 miGalleon Way, Cardiff, 5th Floor (Ref 10126)2
£1,30005/240.21 miGalleon Way, Cardiff Bay, Cardiff2
£2,40004/240.22 mi-2
£2,20005/240.22 mi-2
£1,19503/240.23 miGalleon Way, CARDIFF2
£1,15004/240.23 miGalleon Way, Waterquater2
£1,15004/240.23 miGalleon Way, Cardiff Bay2
£1,25005/240.23 miGalleon Way, Cardiff2
£1,10005/240.23 miGalleon Way, CARDIFF2
£1,30003/240.23 miGalleon Way, Cardiff, CF102
£1,05003/240.24 miThe Water Quarter, Galleon Way, Cardiff, CF102
£1,20002/240.24 mi-2
£97503/240.26 miAprilia House, Lloyd George Avenue, Cardiff Bay2
£1,45004/240.29 miQuayside, Cardiff Bay2
£1,29505/240.29 mi-2
£1,35004/240.32 mi-2

Links

Local Area Statistics

Population in CF10

15,450

Population in Cardiff

357,494

Town centre distance

2.84 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 £155,000

March 20, 2025

Floor Plans

Description

  • Ideal First Time Purchase +
  • Secure Gated Parking +
  • Two Bedrooms, Fourth Floor +
  • Walking Distance To Mermaid Quay +
  • Onsite Concierge +
  • EPC Rating B +

DESCRIPTION IDEAL FIRST TIME PURCHASE MGY are pleased to present for sale, a spacious two bedroom, fourth floor apartment on Falcon Drive, Cardiff Bay. Located within walking distance to Mermaid Quay. The accommodation comprises of entrance hall to lounge/ diner/ kitchen, two double bedrooms and bathroom. The property further benefits from double glazing throughout, sprinkler system, security intercom system and secure gated parking. The development benefits from onsite concierge and secure bike storage. Low service charges. Viewing highly recommended.  

ENTRANCE HALL Entered via wooden door, with security spy hole and letterbox. Wood effect vinyl flooring. Wall mounted electric panel heater. Two storage cupboards, one housing hot water tank. Wall mounted security intercom system.  

LOUNGE/DINER/KITCHEN 23' 11" x 9' 10" (7.30m x 3.02m) Floor to ceiling double glazed windows. Ample natural daylight. Wood effect vinyl flooring. TV Aerial point. Telephone point. Two wall mounted electric panel heaters. Open plan kitchen. Part tiled walls. Fitted wall and base units, with work surfaces incorporating stainless steel sink. Free standing oven, with four ring electric hob. Free standing fridge freezer and washing machine. Space for dishwasher. Extractor fan.  

MASTER BEDROOM 13' 9" x 8' 8" (4.20m x 2.66m) Double glazed windows. Carpeted flooring. Free standing mirrored double wardrobe. TV Aerial point. Wall mounted electric panel heater.  

BEDROOM TWO 13' 9" x 6' 7" (4.20m x 2.03m) Double glazed windows. Double bedroom. Carpeted flooring. Wall mounted electric panel heater. 

BATHROOM 7' 8" x 5' 6" (2.35m x 1.69m) Wood effect vinyl flooring. Part tiled walls. Panelled bath, with shower over. Pedestal wash hand basin. W.C. Wall mounted mirrored vanity unit. Wall mounted electric panel heater. Extractor fan.  

PARKING Secure gated parking area and bike storage.  

TENURE MGY are advised that the property is leasehold, with a lease of 125 years from 2006. Low service charges of £1,416.10 per annum, which includes water rates and building insurance. Ground rent £102.04 per annum.

Agent Details

MGY, Cardiff

029 2271 1494

Next Steps?

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

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