Flat conversion Cardiff City Centre
Figures in Brief
Description
Brilliant opportunity is offered here with a larger than average house and plot giving plenty of potential. Can be transformed into a dream home with some hard work as would require updating to most parts plus remedial work. Similar properties in the area have been renovated into three flats/maisonettes (planning consents would be required).
Information
Status
Comparables
Huge potential for development into 3 flats, with an identical building converted at the beginning of 2020. Typically 1 bed flats in this area sell for around 130 – 135k and rent for around 550 – 600 per month
1 bed flats – sales
Comparable 1 – £149,950
Comparable 2 – £140,000
Comparable 3 – £129,950
Comparable 4 – £130,000
SOLD STC
Comparable 1 – £130,000 – Sold STC
Comparable 2 – £160,000 – Sold STC
Comparable 3– £130,000 – Sold STC
1 bed flats – rentals
Comparable 1 – £650 – rented already
Comparable 2 – £650 – rented already
Comparable 3 – £600 – rented already
Comparable 4 – £600 – rented already
Refurb
Refurbishments required as a minimum:
- Design, draft and agree on plans for development
- Build and construct all internal walls and floors
- Complete and renovate internal and external
- Damp proof
- Plaster and decorate
- New carper and floors
- New kitchen and bathrooms throughout
- Wire and heating required
- Replace all windows and doors
- Paint and decorate the external house
- Tidy and make good the garden
Exciting development project to convert an existing house to 3 x 1-bed apartments
Estimated Refurbishment Costs:
£100,000
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
Canton is an inner-city district and community in the west of Cardiff, capital of Wales, lying 2 miles (3.2 km) west of the city’s civic centre.
The main road through the district is Cowbridge Road East, a busy thoroughfare with many shops as well as pubs and restaurants and independent retailers. Canton is home to Thompson’s Park, Victoria Park, and Sanatorium Park, to the education centre Llanover Hall, and to the Chapter Arts Centre, which is housed in the former buildings of Canton High School.
Though the area has strong working-class roots, many artists and young professionals have found the proximity to the city centre and the number of arts venues and pubs an attraction, which has resulted in gentrification and a bohemian feel.
SCHOOL
Schools include
- Lansdowne Primary School
- Radnor Primary School
- St Mary’s Primary
- Ysgol Gymraeg Pwll Coch
- Ysgol Gymraeg Treganna
- Fitzalan High School
It also has the large Canton Library.
SPORT
Canton Rugby Football Club is a rugby union team from the district of Canton, Cardiff, South Wales (established 1877). The club play their home games at Lawrenny Avenue, off Leckwith Road, Cardiff. It is a member of the Welsh Rugby Union and is a feeder for the Cardiff Blues.
Canton Rangers Football Club now in its 20th anniversary is Affiliated to the South Wales Football Association since 1999.
NOTABLE PEOPLE
- Charlotte Church singer, resident of Canton
- Frederick Charles Davies half-mile world champion runner
- Ryan Giggs, footballer, Welsh capped international footballer
TRANSPORT
Bus
The main road running through the heart of Canton in Cowbridge Road East, which is served by many bus services. The following bus services all run through Canton:
1: City Circle via Cardiff Bay, Canton, Heath Hospital, Roath and Splott (Cardiff Bus)
2: City Circle via Splott, Roath, Heath Hospital, Canton and Cardiff Bay (Cardiff Bus)
13: City Centre to Drope via Canton and Ely (Cardiff Bus)
15: City Centre to Heath Hospital via Ely (Cardiff Bus)
17: City Centre to Caerau/Ely via Canton (Cardiff Bus)
18: City Centre to Ely/Caerau via Canton (Cardiff Bus)
32: City Centre to St Fagans via Canton and Fairwater (Easyway Minibus)
64: City Centre to St Mellons via Canton, Fairwater, Pentrebane, Danescourt, Llandaff, Whitchurch, Heath Hospital, Cyncoed and St Mellons/Llanrumney
65: City Centre to St Mellons via Canton, Fairwater, Pentrebane, Danescourt, Llandaff, Whitchurch, Heath Hospital, Cyncoed and Llanrumney/St Mellons (Cardiff Bus)
66: City Centre to Danescourt via Canton and Llandaff (Cardiff Bus)
Car
- Swansea – 30 mins by car
- Newport – 20 mins by car
- Bristol – 40 mins by car
- Brecon Beacons – 1 hour by car
- Pembrokeshire National Coast – 1 hour by car
Train
Canton is served by Waun-Gron Park railway station in the west and Ninian Park railway station in the south which are both on the Cardiff City Line between Central and Radyr railway stations.
Nearest Train Station : Waun-Gron Park railway station
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.
