3 Bed Terraced House, Refurb/BRRR, Cardiff, CF24 4EZ, £240,000

May Street, Cathays, Cardiff, CF24 4EZ - a month ago

Refurb/BRRR
ROI: 5%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£170K - £606K
Sold Prices/m²£1.6K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£240,000

 

 

End Value (After Refurb)

£264,986

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£38,000

Bridging Loan Interest

£6,300

Total Cash In

£114,450

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£264,986

Mortgage (After Refinance)

£198,740

Mortgage LTV

75%

Cash Released

£18,740

Cash Left In

£95,710

Equity

£66,247

Rent Range

£1,200 - £2,900

Rent Estimate

£1,613

Running Costs/mo

£1,171

Cashflow/mo

£442

Cashflow/yr

£5,308

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £170K to £606K, average is £257.6K. £1.6K/m² to £4.4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£230K06/230.03 mi6, Whitchurch Place, Cardiff CF24 4HD3
£250K03/230.06 mi75, May Street, Cardiff CF24 4EY3
£240K03/230.08 mi3, Gladys Street, Cardiff CF24 4HA3
£180K08/220.09 mi103, May Street, Cardiff CF24 4EZ3
£273K06/210.14 mi44, Llantrisant Street, Cardiff CF24 4JE3
£177K12/200.15 mi41, Daniel Street, Cardiff CF24 4NY3
£211K05/230.15 mi39, Lisvane Street, Cardiff CF24 4LH3
£170K04/210.16 mi28, Letty Street, Cardiff CF24 4EL3
£255.3K03/210.19 mi51, Cwmdare Street, Cardiff CF24 4JZ3
£213K06/210.19 mi23, Daniel Street, Cardiff CF24 4NX3
£300K12/220.21 mi4, Fairoak Road, Cardiff CF24 4PX3
£215K02/230.21 mi61, Brithdir Street, Cardiff CF24 4LF3
£255K07/210.21 mi78, Brithdir Street, Cardiff CF24 4LF3
£295K11/220.21 mi47, Malefant Street, Cardiff CF24 4QD3
£243K07/230.22 mi33, Spencer Street, Cardiff CF24 4PG3
£290K04/230.24 mi65, Lisvane Street, Cardiff CF24 4LJ3
£270K02/230.24 mi95, Lisvane Street, Cardiff CF24 4LJ3
£260K10/210.25 mi28, Maindy Road, Cardiff CF24 4HP3
£280K01/210.26 mi49, Maindy Road, Cardiff CF24 4HL3
£300K09/220.26 mi11, Maindy Road, Cardiff CF24 4HL3
£240K04/210.27 mi128, Tewkesbury Street, Cardiff CF24 4QS3
£325K03/210.27 mi22, Gelligaer Gardens, Cardiff CF24 4LT3
£255K04/210.28 mi106, Gelligaer Street, Cardiff CF24 4LB3
£200K06/230.32 mi45, Harriet Street, Cardiff CF24 4BW3
£200K04/210.33 mi48, Tewkesbury Place, Cardiff CF24 4QU3
£322K02/230.33 mi143, Malefant Street, Cardiff CF24 4QF3
£262.5K10/200.33 mi2, Colum Place, Cardiff CF10 3EP3
£285K06/220.33 mi2, Colum Place, Cardiff CF10 3EP3
£230.6K05/220.36 mi41, Blackweir Terrace, Cardiff CF10 3EQ3
£190K05/210.36 mi98, Coburn Street, Cardiff CF24 4BT3
£191K12/200.36 mi76, Coburn Street, Cardiff CF24 4BT3
£290K02/230.37 mi45, Blackweir Terrace, Cardiff CF10 3EQ3
£250K06/230.37 mi85, Maindy Road, Cardiff CF24 4HN3
£272K04/210.37 mi87, Maindy Road, Cardiff CF24 4HN3
£285K06/230.37 mi123, Maindy Road, Cardiff CF24 4HN3
£290K12/200.37 mi115, Maindy Road, Cardiff CF24 4HN3
£227K03/210.38 mi71, Inverness Place, Cardiff CF24 4RW3
£320K05/230.38 mi167, Inverness Place, Cardiff CF24 4RX3
£230K11/210.38 mi143, Inverness Place, Cardiff CF24 4RX3
£265K10/210.39 mi188, Inverness Place, Cardiff CF24 4SB3
£225K12/200.4 mi68, Inverness Place, Cardiff CF24 4SA3
£260K07/210.4 mi118, Inverness Place, Cardiff CF24 4SA3
£606K12/220.42 mi30, Boverton Street, Cardiff CF23 5ES3
£260K11/200.42 mi83, Arabella Street, Cardiff CF24 4SX3
£435K11/220.42 mi205, Arabella Street, Cardiff CF24 4SZ3
£259.9K11/200.42 mi15, Manor Street, Cardiff CF14 3PU3
£270K05/230.42 mi1a, Manor Street, Cardiff CF14 3PU3
£227.5K01/210.43 mi129, Arabella Street, Cardiff CF24 4SY3
£420K03/210.43 mi20, Boverton Street, Cardiff CF23 5ES3
£225K12/200.43 mi39, Inverness Place, Cardiff CF24 4RU3

Local Rents

40 rents from £1.2K/mo to £2.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,56012/240.09 miMay Street, Cathays, Cardiff3
£1,65012/240.11 miHirwain Street, CATHAYS, CARDIFF3
£1,30012/240.14 mi-3
£1,40012/240.17 miCosmeston Street, Cathays, Cardiff, CF243
£1,62012/240.19 miCosmeston Street, Cathays, Cardiff3
£1,42512/240.19 mi-3
£1,35002/250.22 mi-3
£1,72503/250.22 mi-3
£1,42512/240.22 mi-3
£1,70012/240.24 miWoodville Road, Cathays3
£1,35012/240.24 miCrwys Road, Cathays, Cardiff, CF24 4NL3
£1,57512/240.28 miWhitchurch Road, Heath, Cardiff, CF14 3JR3
£1,57512/240.3 miRichards Street, Cardiff3
£1,80012/240.32 mi-3
£1,23011/230.36 miColum Road, Cardiff, Cardiff (County of), CF103
£1,23003/240.36 miColum Road, Cathays, Cardiff3
£1,25012/240.36 miAllensbank Crescent, Heath, Cardiff3
£1,50012/240.36 miCathays Terrace, Cathays, Cardiff3
£1,35012/240.38 miInverness Place, CARDIFF3
£1,80012/240.39 miCogan Terrace, , 3
£1,30012/240.4 miAllensbank Road, Heath, Cardiff3
£1,30012/240.43 miArabella Street, CARDIFF3
£1,65012/240.43 miRichmond Road, Roath3
£1,48512/240.45 miRichmond Road, Roath, Cardiff3
£1,57512/240.46 miRichmond Road, Cardiff3
£1,50003/250.46 mi-3
£2,00003/250.47 mi-3
£2,85002/240.48 mi-3
£2,50005/240.48 mi-3
£2,50001/250.48 mi-3
£2,90003/250.48 mi-3
£1,50012/240.5 miAlbany Road, Roath, CF24 3RP3
£1,20005/240.53 miNinian Road, Roath, Cardiff3
£1,35012/240.55 mi-3
£1,80012/240.55 miGlynrhondda Street, Cathays, 3
£1,42512/240.56 miMiskin Street, Cathays, CF24 4AP3
£1,50012/240.57 miMiskin Street, Cathays, CF24 4AP3
£1,65012/240.6 miRichmond Road, Roath, CF24 3BU3
£1,49512/240.6 miEdington Avenue, Cardiff(City), CF143
£1,35012/240.6 miCity Road, Roath3

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

0.64 miles away

Nearest school

0.20 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £240,000

February 12, 2025

Floor Plans

Description

Situated in a popular and well-connected area, this three-bedroom property presents a fantastic opportunity for investors or those looking for a renovation project. In need of upgrading, the home offers excellent potential to add value and transform it into a profitable buy-to-let investment or a comfortable family residence. Upon entering the property, you are welcomed into a generously sized lounge/diner that provides a versatile living and dining space. This bright and airy area could be reconfigured to suit modern open-plan living or kept as separate zones for added functionality. Adjacent to the lounge is the kitchen, which features ample storage space and access to the rear garden. With the right updates, this area has the potential to become a stylish and practical cooking space, perfect for tenants or homeowners alike. The ground floor also benefits from a shower room, offering convenience and flexibility for potential occupants. This space could be modernized to create a sleek and contemporary facility, enhancing the overall appeal of the home. Upstairs, the property comprises three well-proportioned bedrooms, each offering plenty of scope for refurbishment. Whether converted into a stylish master bedroom, comfortable guest room, or practical home office, these spaces can be adapted to meet the needs of future occupants. With the right upgrades, this floor could be transformed into a welcoming and comfortable living environment. Externally, the property boasts a private rear garden, providing outdoor space that could be enhanced with landscaping or decking to create an inviting area for relaxation or entertaining. This addition would be particularly appealing for potential tenants or buyers seeking outdoor space in a convenient urban setting. Located in a desirable area, 99 May Street benefits from excellent transport links, making commuting easy and convenient. A range of amenities, including shops, schools, and leisure facilities, are all within close proximity, further increasing the appeal of this investment opportunity. With its spacious layout and prime location, this property has the potential to generate strong rental yields once refurbished. Whether you're an experienced investor or someone looking for a rewarding renovation project, this home offers endless possibilities to add value and create something special. Don’t miss this chance to secure a promising investment in a fantastic location—book a viewing today to explore the potential of 99 May Street! EPC rating: D. Tenure: Freehold,

Agent Details

Northwood, Cardiff

029 2271 7583

Next Steps?

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