dealsourcr

2 Bed Flat, Single Let, Cardiff, CF3 4AA, £115,000

Montrose Court, Ridgeway Road, Rumney, Cardiff. CF3 4AA - 4 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 11%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£70K - £170K
Sold Prices/m²£946/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£131,224
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£800 - £1,500

Rent Estimate

£850

Running Costs/mo

£549

Cashflow/mo

£301

Cashflow/yr

£3,608

ROI

11%

Gross Yield

9%

Local Sold Prices

47 sold prices from £70K to £170K, average is £123K. £946/m² to £2.6K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£136K09/220.02 miFlat 20, Lancaster Court, Cranleigh Rise, Rumney, Cardiff CF3 4AP2
£112K01/240.02 miSutherland Court, Flat 16, Cranleigh Rise, Rumney, Cardiff CF3 4AP2
£125K02/210.02 mi66, Ridgeway Road, Rumney, Cardiff CF3 4AE2
£115K11/220.02 mi10, Ridgeway Road, Rumney, Cardiff CF3 4AE2
£116K07/210.02 mi34, Ridgeway Road, Rumney, Cardiff CF3 4AE2
£123K05/230.02 mi22, Ridgeway Road, Rumney, Cardiff CF3 4AE2
£114K05/210.02 mi44, Ridgeway Road, Rumney, Cardiff CF3 4AE2
£120K02/230.03 miCumberland Court, 44, Ridgeway Road, Rumney, Cardiff CF3 4AE2
£128K04/210.03 mi77, Kennerleigh Road, Cardiff CF3 4BG2
£128K11/230.03 mi33, Kennerleigh Road, Cardiff CF3 4BG2
£128K12/200.03 mi27, Kennerleigh Road, Cardiff CF3 4BG2
£128K04/210.06 mi77, Kennerleigh Road, Cardiff CF3 4BG2
£132.5K06/210.07 mi69, Kennerleigh Road, Cardiff CF3 4BG2
£70K09/230.09 mi80, Kennerleigh Road, Cardiff CF3 4BJ2
£120K12/200.09 mi96, Kennerleigh Road, Cardiff CF3 4BJ2
£125K07/230.1 mi24, Chulmleigh Close, Cardiff CF3 4BL2
£118K11/200.1 mi17, Chulmleigh Close, Cardiff CF3 4BL2
£125K04/230.1 mi11, Chulmleigh Close, Cardiff CF3 4BL2
£125K05/210.1 mi54, Kennerleigh Road, Cardiff CF3 4BJ2
£140K09/210.11 mi97, Kennerleigh Road, Cardiff CF3 4BH2
£122.5K11/200.15 mi96, Lynmouth Crescent, Rumney, Cardiff CF3 4AW2
£113K09/220.17 miLynton Court, 6, Lynmouth Crescent, Rumney, Cardiff CF3 4AT2
£107K09/220.17 miSeaton Court, 9, Lynmouth Crescent, Rumney, Cardiff CF3 4AT2
£112K07/230.17 miBarnstaple Court, 38, Lynmouth Crescent, Rumney, Cardiff CF3 4AT2
£125K11/230.19 mi56, Lynmouth Crescent, Rumney, Cardiff CF3 4AU2
£150K08/230.27 mi35, Wentloog Close, Rumney, Cardiff CF3 3HB2
£140K06/230.27 mi43, Wentloog Close, Rumney, Cardiff CF3 3HB2
£133K12/200.27 mi41, Wentloog Close, Rumney, Cardiff CF3 3HB2
£135K09/210.27 mi17, Wentloog Close, Rumney, Cardiff CF3 3HA2
£135K12/200.56 mi26, Witla Court Road, Rumney, Cardiff CF3 3LT2
£90K05/210.61 mi172, Greenway Road, Rumney, Cardiff CF3 3PN2
£85K09/230.64 miFlat 6, Downton Grange, New Road, Rumney, Cardiff CF3 3BW2
£123K09/230.83 mi59, Woolacombe Avenue, Llanrumney, Cardiff CF3 4TD2
£105K04/230.85 mi22, Chapel Wood, Llanedeyrn, Cardiff CF23 9EE2
£110K07/210.89 mi53, Glan Rhymni, Splott, Cardiff CF24 2TW2
£119K10/200.89 mi87, Glan Rhymni, Splott, Cardiff CF24 2TW2
£119K03/210.89 mi43, Glan Rhymni, Splott, Cardiff CF24 2TW2
£137K11/220.9 mi21, Cwrt Coles, Cardiff CF24 2RY2
£120K10/230.9 mi15, Mount Pleasant Avenue, Llanrumney, Cardiff CF3 5SX2
£120K06/230.92 mi123, Coed Edeyrn, Llanedeyrn, Cardiff CF23 9JX2
£90K04/210.93 mi37, Trowbridge Road, Rumney, Cardiff CF3 1QL2
£137.5K09/220.93 mi91, Cwrt Boston, Cardiff CF24 2SF2
£133K10/210.93 mi95, Cwrt Boston, Cardiff CF24 2SF2
£124K11/220.93 mi37, Awel Mor, Llanedeyrn, Cardiff CF23 9QA2
£170K06/210.94 mi2a, Countisbury Avenue, Llanrumney, Cardiff CF3 5SP2
£110K06/230.97 mi171, Beaufort Square, Cardiff CF24 2TX2
£97.5K04/210.98 mi67, Awel Mor, Llanedeyrn, Cardiff CF23 9QB2

Local Rents

42 rents from £800/mo to £1.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£85001/250.03 mi-2
£85012/240.04 miCheirton Court, Cranleigh Rise2
£90012/240.1 miChulmleigh Close, CARDIFF2
£90012/240.11 miKennerleigh Road2
£95012/240.13 miNewport Road2
£95012/240.15 miLynmouth Crescent, Rumney, Cardiff2
£99512/240.71 miArlington Crescent, Llanrumney, Cardiff, CF32
£1,00012/240.85 mi-2
£1,10012/240.89 mi-2
£1,00003/250.89 mi-2
£95001/250.9 mi-2
£85002/250.93 mi-2
£85012/240.93 mi-2
£1,00012/240.95 mi-2
£95004/240.95 miClarendon Road, Penylan, Cardiff2
£1,10012/240.99 mi-2
£1,10003/250.99 mi-2
£1,25003/251.01 mi-2
£1,00003/241.1 miFoster Drive, Penylan, Cardiff2
£1,05003/241.11 miBryn Haidd, Pentwyn, Cardiff 2
£1,15003/241.12 miFfordd Nowell, Penylan2
£89503/241.13 miFfordd Nowell, Penylan, Cardiff, CF232
£99503/251.14 mi-2
£1,05012/241.14 mi-2
£1,05002/251.14 mi-2
£97503/241.14 miBryn Haidd, Pentwyn2
£99504/241.16 miBrynheulog, Pentwyn2
£1,20003/241.17 miThomas Court, Harrismith Road, Penylan2
£1,20003/241.17 miThomas Court, Harrismith Road, Penylan2
£1,20005/241.17 miThomas Court, Harrismith Road, Penylan2
£99503/241.18 miBrynheulog, Pentwyn, Cardiff, CF232
£95003/241.18 miFfordd Nowell, Penylan2
£1,20003/241.18 miWaterloo Road, Cardiff2
£1,20003/241.19 miWaterloo Road, Penylan, Cardiff(City), CF232
£1,10003/241.21 miWaterloo Road, Penylan2
£80003/241.21 miWern Goch West, Llanederyn, Cardiff2
£1,14503/241.22 miFfordd Nowell, Penylan, Cardiff2
£1,50003/241.23 miClifton House, Cyncoed Gardens, Cyncoed, Cardiff, CF232
£1,15005/241.24 miWyncliffe Gardens, Cardiff, CF232
£1,15005/241.24 mi-2
£1,15003/251.24 mi-2
£1,15006/241.24 mi-2

Links

Local Area Statistics

Population in CF3

41,998

Population in Cardiff

357,494

Town centre distance

2.59 miles away

Nearest school

0.20 miles away

Nearest train station

2.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £115,000

October 1, 2024

Floor Plans

Description

  • GUIDE PRICE £115,000-£125,000 +
  • Two Double Bedroom First Floor Flat +
  • Modern Kitchen +
  • Spacious Living Room +
  • Ideal First Time Buy/ Investment +
  • Close To Local Amenities +
  • EPC Rating- TBC +
  • Council Tax Band- B +

Introducing new to the market this charming first-floor flat. Briefly comprises of; a welcoming entrance hall, a modern kitchen, a bright spacious living room and a bathroom, it also boasts two good size double bedrooms.

This property is ideal for first-time buyers and for those looking for their next investment opportunity!

Benefiting from its proximity to the City Centre, as well as convenient access to major roadways including the A48 and M4, this apartment offers an excellent choice for those seeking a comfortable lifestyle with easy commuting options. Whether you're looking to settle down or expand your investment portfolio, this apartment presents an enticing opportunity not to be missed.

Call us today to book your viewing!

Agent Details

Northover & Williamson, Cardiff

029 2271 7374

Next Steps?

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

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