Amazing flip potential with refurb project in Cardiff!
Figures in Brief
Description
A mid-terraced home situated in the popular location of ROATH, within close proximity to many local cafes, shops, amenities, bus routes to the city centre and A48/M4 access. Perfect location for an HMO as the area is close to the main universities and has a dense student population.
The property comprises entrance hall, lounge, dining room, fitted kitchen and downstairs bathroom and separate WC.
To the first floor are three bedrooms.
The property further benefits from gas central heating, double glazing and enclosed rear garden.
A lovely property that is in need of modernization, this is the perfect investor opportunity for HMO. This does require planning and will need to be applied for by the investor. On our appreciation and speaking to the local authorities, we cannot identify a reason why this would not be granted planning. There is ample parking and the area is not saturated.
Information
Status
Comparables
Amazing opportunity for the seasoned investor to add some cashflow to a portfolio.
SOLD PROPERTIES
£287,000 21 Feb 2020 – 24, Angus Street, Cardiff CF24 3LY
£245,000 16 Dec 2019 – 34, Angus Street, Cardiff CF24 3LY
£260,000 07 Dec 2018 – 60, Angus Street, Cardiff CF24 3LY
Refurb
Refurbishments required as a minimum:
- New Kitchen
- New Bathroom
- 3 x Bedrooms: flooring, walls & ceiling.
- New Combination boiler & radiators.
- Damp proofing
- Re-wire property
- Garden, front and back, jet wash paving stabs and tidy walls. New walls / fencing for privacy.
Estimated Refurbishment Costs:
£30,000
Please note these are based on average prices from previous projects and would need a firm quotation from a local builder. AI Property Group can provide details builders that we have worked with previously.
Flip Figures (Buy, Refurb, Sell)
BTL Figures (Buy to Let)
Disclaimer: Perform your own Due Diligence. The ROI above is not a guaranteed return and is an indication of the potential based on achieving the relevant figures in all aspect of the purchase, refurbishment and refinance/resale. All figures will be subject to the buyer’s status and market fluctuations.
Area Description
CARDIFF
Cardiff is a city, principal area and the capital of Wales, officially known as the City and County of Cardiff. It is the United Kingdom’s eleventh-largest city. As Wales’ chief commercial centre, Cardiff is the base for the Senedd, most national cultural institutions and Welsh media.
Roath
Its main shopping streets are Albany Road, City Road, and Wellfield Road. The area is characterised by its several tree-lined avenues and Victorian era terraced streets. Roath houses a very diverse population including a large number of students, being very close to the main university campuses, a large ethnic minority population and many young professionals.
Parts of Roath are among the most affluent districts of Cardiff, although subdivision of the large Victorian properties is starting to occur in the areas at the south end of the district.
Its close proximity to the city centre, its number of local amenities, churches, shops and restaurants and public houses and the famous Roath Park make it a popular area to live.
SCHOOL
Universities
- Cardiff University
- University of South Wales
- Cardiff Metropolitan
- University of Wales
Secondary
- Cardiff High School, Llandennis Road, Cyncoed, Cardiff, CF23 6WG, Outstanding
- Ysgol Gyfun Gymraeg Bro Edern, Llanedeyrn Road, Pen-y-lan, Caerdydd, CF23 9DT, Outstanding
- St Teilo’s C-In-W High School, Circle Way East, Cardiff, CF23 9PD, Outstanding
- Cathays High School, Crown Way, New Zealand Road, Cathays, Cardiff, CF14 3XG, Outstanding
TRANSPORT
Car
- Cardiff to Newport – 25 mins
- Cardiff to Bristol – 1 hour
- Cardiff to Heathrow – 2.5 hours
- Cardiff to London – 3 hours
Bus
- Routes : 26, 58, 8, X1, X3
Train
- Nearest Train Station : Cardiff City Centre, Transport for Wales
AI Property Group operates in trust with its potential investors. AI Property Group takes no responsibility if deals “fall through” for matters out of our control. It is always highlighted that property investment carries an element of risk and ultimately a deal may not be successful. Therefore deal owners are advised to carry out their own due diligence to confirm for themselves the findings AI Property Group present. AI Property Group has no control of the UK property market prices and investments can be lost or profit margins shortened with the fluctuating market
We offer a complete service from sourcing and finding the right deal, negotiating the price, helping with the finance, organising conveyancing and refurbishments as well as letting and managing your property.
We source, manage and fully transform properties into new homes.
