2 Bedroom Flat, Westgate Street, Branksome House Westgate Street, CF10
Westgate Street, Branksome House Westgate Street, CF10
Description
Alert: New BMV listing in Cardiff, CF10 1DF
PURCHASE PRICE - £144,000
Market Value - £180,000
Discount - 20%
PRICED TO SELL - VACANT & CHAIN FREE
Potential Rental Income - £1,300pcm
Potential Yield - 10.8%
Cash Needed - 25%
Net Profit - £8,112
Return on Cash Employed - 18.7%
TENURE – Leasehold (950 years remaining)
GROUND RENT - £100pa
SERVICE CHARGE - £477 PCM (£5724 PA) inc Water Rates, Concierge, Building Maintenance
COUNCIL TAX BAND – E
EPC Rating - D (Potential - C)
Our estimated figures/ROI is based on a buy and refinance model. Market Value is calculated by our underwriting team using SOLD comparables, speaking with local agents and market information found online. Rental income assumes the estimated Market rent. Gross yield is market rent divided by Purchase price excluding fees. Interest assumes a 4.5% borrowing rate but you will need to adapt this for your own borrowing costs. Net profit amount is estimated rent minus mortgage payments. Deposit assumes 25% cash deposit and a mortgage of 75% loan to Value (LTV). ROCE assumes net rental income / cash deposit required at 25%.
Please enquire if you want a breakdown of our calculations.
EPC Rating: D
Key Features
- VACANT & CHAIN FREE
- TOP FLOOR APARTMENT WITH BALCONY OVERLOOKING STADIUM
- POTENTIAL RENTAL INCOME £1300 PCM
- BRIGHT & SPACIOUS LOUNGE/DINER
- MODERN KITCHEN & BATHROOM
- CONCIERGE (NCP UNDERGROUND PARKING ONLY)
- GROUND RENT £100 PA
- SERVICE CHARGE £477 PCM (£5724 PA) INC WATER RATES
- GRADE 2 LISTED BUILDING IN CITY CENTRE (MORTGAGEABLE)
- TENURE – LEASEHOLD (950 years remaining)
Property Details
- Property type: Flat
- Plot Sq Feet: 764 sqft
- Council Tax Band: E
- Tenure: Leasehold
- Lease Expiry: -
- Ground Rent:
- Service Charge: Not Specified
Location
Properties you may like
By Move Places
-
Bradgate Drive, Coalville, LE67
- 3 Beds
- 1 Bath
-
Powlesland Road, Alphington, EX2
- 3 Beds
- 1 Bath
-
Whitsun Grove, Bedlington, NE22
- 3 Beds
- 1 Bath
-
Grove Lane, Standish, WN6
- 3 Beds
- 1 Bath
-
Lower Fant Road, Maidstone, ME16
- 1 Beds
- 1 Bath
-
Fairway Avenue, Tividale, B69
- 2 Beds
- Bath
-
Woburn Place, Brighton, BN1
- 1 Beds
- 1 Bath
-
East Hill, South Darenth, DA4
- 3 Beds
- 1 Bath
-
Manor Park, Norton Fitzwarren, TA2
- 2 Beds
- 1 Bath