3 Bed Flat, Single Let, Cardiff, CF3 3BW, £125,000

New Road, Rumney, Cardiff, CF3 3BW - 3 views - 6 months ago

Sold STC

Leasehold

BTL

ROI: 9%

~93 m²

+4 photos

ValuationUndervalued

Sold Prices	£120K - £341K
Sold Prices/m²	£2.1K/m² - £2.8K/m²

Square Metres	~93 m²
Price/m²	£1.3K/m²
Value Estimate	£155,000£155,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£4,950£4,950
Total Cash In	£36,200£36,200

Cash Out
Rent Range	£695 - £3,500£695 - £3,500
Rent Estimate	£841
Running Costs/mo	£579£579
Cashflow/mo	£262£262
Cashflow/yr	£3,146£3,146
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

7 sold prices from £120K to £341K, average is £210K. £2.1K/m² to £2.8K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£120K	01/21	0.01 mi	Flat 11, Downton Grange, New Road, Rumney, Cardiff CF3 3BW	-	-	3	Flat
£130K	10/22	1.22 mi	31, Spencer David Way, St Mellons, Cardiff CF3 0QB	£2,073	63	3	Flat
£341K	04/21	1.87 mi	1a, Ty Draw Place, Cardiff CF23 5HF	£2,818	121	3	Flat
£230K	04/23	1.92 mi	Flat 3, Androvan Court, Hollybush Road, Cardiff CF23 6TF	-	-	3	Flat
£191.2K	12/20	2.71 mi	308, Heathwood Road, Heath, Cardiff CF14 4HT	£2,148	89	3	Flat
£210K	10/20	2.83 mi	Flat 20, Roxby Court, Craiglee Drive, Cardiff CF10 4AG	-	-	3	Flat
£255K	03/23	2.98 mi	70, Fishguard Road, Llanishen, Cardiff CF14 5PR	-	-	3	Flat

Local Rents

50 rents from £695/mo to £3.5K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	12/24	0.04 mi	New Road, Rumney, CARDIFF	3	Detached House
£1,500	12/24	0.04 mi	New Road	3	Flat
£1,250	12/24	0.21 mi	-	3	Terraced House
£750	12/24	0.27 mi	Quarry Dale, Rumney, CARDIFF	1	Flat
£1,250	12/24	0.39 mi	Ty mawr road, Rumney	3	Detached House
£950	12/24	0.56 mi	Newport Road	2	Flat
£850	01/25	0.61 mi	-	2	Flat
£850	12/24	0.63 mi	Cheirton Court, Cranleigh Rise	2	Flat
£1,650	12/24	0.67 mi	-	4	Bungalow
£900	12/24	0.68 mi	Chulmleigh Close, CARDIFF	2	Flat
£950	02/24	0.69 mi	-	1	House
£1,150	12/24	0.71 mi	Letterston Road, Rumney, CARDIFF	3	Flat
£950	12/24	0.71 mi	Lynmouth Crescent, Rumney, Cardiff	2	Flat
£900	12/24	0.73 mi	Kennerleigh Road	2	Flat
£1,100	12/24	0.78 mi	-	2	Flat
£1,000	03/25	0.78 mi	-	2	Flat
£850	12/24	0.78 mi	-	1	Flat
£950	01/25	0.81 mi	-	2	Flat
£1,500	12/24	0.82 mi	Page Drive, Pengam Green, Cardiff, CF24	4	Flat
£1,400	12/24	0.84 mi	Pengam Green, Cardiff, CF24	3	Flat
£1,400	02/24	0.84 mi	-	3	Terraced House
£850	02/25	0.84 mi	-	2	Flat
£825	12/24	0.9 mi	Beaufort Square, CARDIFF	1	Flat
£3,200	12/24	0.9 mi	-	4	Terraced House
£3,500	12/24	0.9 mi	-	4	Terraced House
£1,300	02/25	0.93 mi	-	3	Semi-Detached House
£1,250	03/25	0.94 mi	-	2	Flat
£1,650	12/24	0.95 mi	-	5	Terraced House
£1,100	03/25	1.03 mi	-	2	Terraced House
£995	12/24	1.04 mi	Arlington Crescent, Llanrumney, Cardiff, CF3	2	Detached House
£850	12/24	1.1 mi	-	1	Flat
£1,100	12/24	1.1 mi	-	2	Flat
£1,100	03/25	1.1 mi	-	2	Flat
£1,450	03/25	1.16 mi	-	3	Semi-Detached House
£695	12/24	1.16 mi	-	1	Flat
£695	03/25	1.16 mi	-	1	Flat
£1,150	01/24	1.19 mi	-	2	Flat
£950	12/24	1.22 mi	Hind Close, Pengam Green, Cardiff	2	Detached House
£1,000	12/24	1.22 mi	-	2	Semi-Detached House
£1,150	03/24	1.24 mi	Ffordd Nowell, Penylan	2	House
£1,300	12/24	1.24 mi	Clydesmuir Road, Tremorfa	3	Terraced House
£895	03/24	1.26 mi	Ffordd Nowell, Penylan, Cardiff, CF23	2	Flat
£2,250	01/24	1.26 mi	-	4	Semi-Detached House
£3,500	04/24	1.26 mi	-	4	Semi-Detached House
£2,550	03/25	1.26 mi	-	4	Semi-Detached House
£1,600	05/24	1.26 mi	-	4	Terraced House
£1,600	04/24	1.26 mi	Ffordd Nowell, Penylan, Cardiff, CF23	4	Terraced House
£1,500	05/24	1.28 mi	-	4	Semi-Detached House
£1,500	03/24	1.28 mi	Llanedeyrn Road, Penylan, Cardiff, CF23	4	Semi-Detached House
£1,650	12/24	1.29 mi	-	4	Detached House

Local Area Statistics

Population in CF3	41,99841,998
Population in Cardiff	357,494357,494
Town centre distance	3.02 miles away3.02 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	2.57 miles away2.57 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+38%+38%

Property History

Listed for £125,000

October 1, 2024

Sold for £56,000

2002

Sold for £43,000

2001

Floor Plans

Description

Three bedrooms +
Top Floor +
Parking +
No chain +
Close to amenities +

A three bedroom top floor flat conveniently located in close proximity to a variety of amenities and major road links. The accommodation comprises hallway, spacious lounge, kitchen, bathroom and three bedrooms. To the outside are communal grounds and parking. Being sold with no onward chain this would make an ideal first home or investment.

Lease Term for flat - 99 years from 01 January 1963.
Please note: the Vendor informs us there will be a lease extension of an additional 90 years before completion.

Agent Details

Moginie James, Roath

029 2271 0655

Next Steps?

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

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3 Bed Flat, Single Let, Cardiff, CF3 3BW, £125,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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