Investment opportunity in Pantbach road?

Afternoon all.

I thought I would show you a two bedroom flat I found on Zoopla that would suit an investor or a first time buyer.

The ground floor flat has two spacious bedrooms and well presented modern Lounge and kitchen which further benefits from it's own allocated parking space.

Mr Homes is currently advertising the property for offers between £179,950 and £184,950 and in my opinion I think I would aiming to make an offer towards the lower end of this band. I've done a bit of research about some other flats which have recently sold at the Monico  and back in 2015 one recently sold for £180,000 which was on the second floor and had 2 bathrooms.

When you consider what you could get for £180,00 I think that maybe £184,950 may be a little too high. 

Take a look at some more pictures on Zoopla, and see what you think!

http://www.zoopla.co.uk/for-sale/details/40335461

265 Heath Properties sold in the last 12 months

Heath attracts property hunters seeking a home in our suburb that strikes a wonderful balance between old and new. Luckily, just about every accommodation preference can be catered for here, from highly desirable detached houses which are perfect for families, popular early 20^th Century bay front semis houses, imposing late Victorian terraced houses and modern luxury apartments dotted around the suburb. But with newspapers giving mixed messages on what is exactly happening in Cardiff, let us have a look at what has happened over the last 12 months, in particular, what type of property is actually selling.

Of the 265 Heath properties that have changed hands in the last 12 months, most of those sales were semi detached house properties (106 semi detached houses to be precise in fact) which on average sold for £281,341. The 101 terraced Heath properties had an average sale price of £211,962 and 42 Heath apartments/flats had an average sale price of £128,679. The rest were detached houses.

Heath, with an overall average price of £233,658, was similar in terms of sold prices to nearby Birchgrove £229,790, but was more expensive than the overall Cardiff average of £205,431 yet cheaper than Lakeside at £305,246. Interestingly, over the past year average house prices in Heath were 5% up on the year before and 10% up on 2007 when they averaged at £213,366. Interestingly, the length of time it takes to sell a Heath property has also come down. The time it takes to sell a Heath terraced house has come down 46%, as it took 81 days on average in 2010 and today its 44 days. Other figures for other types of Heath can be quite clearly seen in the graph below.

I think it is safe to say no matter what is happening elsewhere, the Heath property market is doing just fine!

Flat for first time buy!

Afternoon everyone!
Hope you all had a lovely bank holiday and are enjoying the sunshine we're getting today!

I've found a lovely 2 bed flat in Phoenix Way today which is perfect for anyone looking for a first time home!

The ground floor flat has a large reception room with an open plan modern kitchen and benefits from being close to the heath hospital making it an ideal first time buy for any young professionals wanting to get on the property ladder.

Peter Alan currently have the property advertised for £130,000 and if you were to take a look at the property as an investment opportunity  then I think you could expect a monthly rent of £650 which would give you a yield of 6% which is pretty good if you ask me!

So if you are looking at this property as an investment or a first time buy make sure you book in a viewing!

http://www.zoopla.co.uk/for-sale/details/40223715

Ton-yr-Ywen catchment area properties outperform Cardiff average by 76%

I was having a chat with a Cardiff property investor the other day, when he asked if schools, especially primary schools, affected the local property market in terms of demand from buyers and tenants to a property. Anecdotally, I have always known this to be true, a good school creates good demand and good demand

does affect house prices. So, I asked my colleagues on the front line, who take the phone calls from people putting themselves on our mailing list and they confirmed that most people cite location as their number one factor.

After looking through our mailing list, it confirms there is a close correlation between the high demand areas of Cardiff and the close proximity to a good primary school. Talking to my team in a recent morning meeting, they agreed many people would look to  increase their budget quite significantly, whilst others would consider downgrading their property requirements to be close to a good primary school.

Those of you who regularly read this blog will know I like a challenge, so I decided to look at the science behind these assumptions. According to the School Guide website, Ton-yr-Ywen Primary School is one of the best primary schools in Cardiff. Its figures are certainly impressive. Their last ESTYN Report was very good. There is also an excellent pupil/teacher ratio of 22.8:1. Looking at property sales within a quarter of a mile of Ton-yr-Ywen, property values have risen in value since 2002 by 147.88% whilst according the Land Registry, the Cardiff average as a whole has risen in the same time frame by 83.67%.

That means the parents of Ton-yr-Ywen have seen the values of their properties rise proportionally 76% more than the Cardiff average ... interesting don’t you think?

However, whilst a good primary school significantly contributes more to house prices, the same can’t be said for secondary schools. There are two reasons for this, firstly, as secondary schools are much larger, so their catchment areas are correspondingly much larger, meaning parents don’t need to live so close to the school. Secondly, in the UK, whilst the difference between the top 25% and bottom 25% of secondary schools is not insignificant, in the primary school sector, the difference between the top 25% and bottom 25% is, according to the London School of Economics, is considerably and significantly more.

Many other Cardiff landlords, both who are with us and many who are with other Cardiff agents, like to pop in for a coffee or ring/email us to  discuss the Cardiff property market, to consider how Cardiff compares with its closest rivals and hopefully we can answer all their questions. You must take lots of advice and seek out the best opinion.