Three bed on Caerphilly Road, Heath

A solid three bedroom house has been listed for sale overnight, which I think would make a suitable investment property...

It’s on Caerphilly Road, Heath, a location popular with tenant as there are lots of shops and amenities on hand.

It is being offered for sale with Peter Alan, with no chain, the photographs show it to be presented well so it doesn’t look like much money (if any) will need to be spent on it. so if we work on the asking price of £239,950 - which I think is a fair price for this type of house, then consider the potential rent being around £950.00 pcm, you should be expecting a return of 4.7%!

http://www.zoopla.co.uk/for-sale/details/38620309

Townhouse on Heol Dewi Sant, Heath

Good Morning everyone - it looks like the rain is set to stay around for today!

While I was browsing through Zoopla this morning I spotted this town house on Heol Dewi Sant. While at a first glance it looks like any other townhouse on the St James Mews development, a look through the photos revealed a cabin in the garden that the current vendors have set up as a gym/spa - very nice!

It has just come on the market with Peter Alan at offers in the region of £240,000. It has had had the garage converted so offers four bedrooms.

This could either be a great family home or a good buy to let. It is located close to UHW so will attract a lot of the hospital staff looking for a nice professional rent. I think you would be looking to achieve a rental of around £1000pcm which will give you a yield of 5% which is not to be sniffed at!

Take a look at the rest of the photos here http://www.zoopla.co.uk/for-sale/details/38595782

Flat in Heathwood Court with a potential 5.4% yield

Morning All!

This well presented flat caught my eye this morning. It's a two bedroom first floor in the popular Heathwood Court. From the photos it all looks in pretty good condition so you shouldn't need to do much to  it all, if anything, to get it ready for new tenants. But this is not the reason it caught my eye..... it also comes with a single garage and parking space which will make it even more attractive to potential tenants.

It is on the market for £149,950 and similar 2 beds in the area are being letting for around £675pcm, so with a yield of 5.4% that's not bad at all.

http://www.rightmove.co.uk/property-for-sale/property-37445058.html#

Beaut of a Buy to Let on Manor Street, Heath

Good morning everyone it's a bit of a dreary day and it looks as though the rain is set to stay for today! So why not check out this little beaut of a buy to let deal to brighten your day…

It’s situated in the popular location on Manor Street which is just a stone's throw away from Heath Hospital and all the local shops and amenities on Whitchurch Rd.

It appears to be in great condition with no work required and ready for tenants to move in straight away! If your are looking for a hassle free buy to let then this could be exactly what you are looking for.

Three bedroom houses in the area are currently letting for around the £900.00 pcm mark (and flying out the door), which if you compare against the asking price of £229,950 that Mansell's are advertising it for,  could produce you an annual return of 4.6% which is not bad!

What are you waiting for, click on the link for more info….

http://www.rightmove.co.uk/property-for-sale/property-37285188.html

Project on King George V Drive

Are you looking for a challenge… well this refurbishment project could be for you.

Now when I say a project, this isn’t just a simple redec and replacement carpets, it’s a full refurbishment - new kitchen, bathroom, flooring, full redecoration and more…. In fairness it does say that the majority of windows are UPVC double glazes which is a start… and there is scope for an extension too, subject to the relevant consents.

It’s for sale with Crofts Davies & Co for £315,000 and I would say to put aside a minimum of £15K to allow for the works necessary (this wouldn’t cover the cost of an extension though), and of course you could put some hours in yourself to keep costs down!

Although this is a pretty large project, and will not suit everyone the potential on this property could be worth it for someone who likes a challenge! 

http://www.rightmove.co.uk/property-for-sale/property-55450046.html

Two bedroom on Tyn-Y-Parc Road

Morning All! 

I hope everyone had a good weekend and your Monday morning is going well.

This two bedroom bungalow caught my eye this morning. It has just come onto the market with Morgan Lloyd Williams with an asking price of £320,000. This seems a little top heavy as it looks like it needs a fair bit of internal redecoration needed in some of the rooms. However it does boast a lovely modern kitchen with conservatory attached.

There are no internal photos of the bathroom so I would be curious to see whether this would need any work so this can be budgeted. Its definitely worth a look as the location is fab!

http://www.zoopla.co.uk/for-sale/details/38483773

Is The Heath a £167million Mortgage ticking Time-bomb?

I was having an interesting chat with some homeowners who live in one of those lovely bay fronted semis in The Saint’s area of Heath, between Rhydhelig Avenue and Heathwood Road. They wanted to know my thoughts on the current state of the Heath property market.

With the Conservatives winning the General Election in May, this did release some pent up demand as people were holding back due to the political uncertainty of a potential hung parliament. However, with the result that ensued, confidence has returned and the signs are good in the City as a whole, as the underlying picture is likely to be one of decent yet modest recovery. This will be supported by favourable conditions in the South Wales economy, though it will be limited by a reduction in the number of properties coming up for sale, the new mortgage lending rules introduced just over a year ago and affordability pressures.

... and it was the mortgage lending that particularly interested them as he worked in finance. They had read a report in the newspapers that according to the Council of Mortgage Lenders, the level of mortgage lending had soared to a seven year high in the UK and they were worried that people were mortgaging themselves to levels that they wouldn’t be able sustain when interest rates rose. I was able to tell them that if you added up everyone’s mortgage in Heath, it would total £167.4m (£167,461,000 to be exact). That is a huge amount of mortgage debt until you realise it is a drop in the ocean when compared to the total value of all the properties in Heath.

The total combined value of all the

Properties in Heath is £1,272,709,368  (ie £1.27billion)

Therefore, in Heath, the level of mortgages as a whole is not an issue, as the level of mortgages only represents 13.1% of the total value.

Looking at the current situation regarding the saleability of Heath properties, 127 of the 230 properties for sale have a buyer and are sold subject to contract. However, delve deeper and of the 51 properties that have come on the market in the last 28 days (at the time of writing), only 8 have sold. The mix of properties sold were three semis ranging in price between £270k and £365k, four terraced houses ranging in price between £180k and £235k and a retirement apartment on the edge of Heath for £50k. It just shows you have to be realistic when it comes to pricing, especially if you want a reasonably quick sale.

Calling all Investors!

Morning All!

Hope you are all enjoying this crisp autumn morning.

An investors out there should get in touch with CPS homes who have just brought to the market this very interesting investment opportunity on North Road.
It is a  terrace property that has been divided up into two self contained flats - there aren't many photos at the moment but according to the description one of the flats does require some decorative work.
I think if you could get this for around the £200,000 mark (and even if you had to spend around £10,000 getting the flats ready for the rental market) these flats should be achieving around £675pcm so with a potential yield a 7.7% that's not bad at all!!


http://www.rightmove.co.uk/property-for-sale/property-51891034.html

Ready made Investment in Pheonix Way

This property caught my eye whilst having a look through Rightmove today, as a potential property for buy to let...

It’s a 2 bedroom flat in an ideal location that is always popular with renters. There are no internal photos at the moment so it is difficult to tell whether you would need to spend any money to get it ready for the rental market but it may well be worth a viewing.

Hern and Crabtree have got this on the market for offers in the region of £148,000 and you would be looking at a rental price of around £675.00 pcm, so has the potential to gross you a pretty nice yield around the 5.5% mark!

This is the link for more info… 

http://www.rightmove.co.uk/property-for-sale/property-50861710.html

Project on Heath Park Avenue

Anyone looking for a project to sink their teeth into needs to arrange a viewing of this 3 bed on Heath Park Avenue!
It has come on the market with Morgans for £299,950 and yes, it needs some modernisation and refurbishment but I think there could be a deal to be done!
With it's 3 double bedrooms, 2 reception rooms and double garage this would make a fab family home.

Check out the details here:
http://www.zoopla.co.uk/for-sale/details/38308349

Development Opportunity on Heathwood Road

Hi All!

Now this is an interesting one.....

This  bungalow has just come on the market with Taylors - it is currently being used as two separate dwellings (but currently on one freehold). 

With 6 bedrooms - two of which have ensuite and a further two bathrooms and two receptions this place looks huge! There looks to be ample opportunity fore development here but I would want to get it for quite a bit less than the asking price of £400,000 to make this a worth while investment. Take a look at the rest of the photos and the floorplan through the link to get a better feel for the place.

http://www.zoopla.co.uk/for-sale/details/37571850

Beautifully presented 4 bed on Maes-y-Coed Rd

Hern and Crabtree have just put this fab 4 bedroom family home on the market for £435,000. It's worth having a nose at the rest of the photos (http://www.rightmove.co.uk/property-for-sale/property-51632077.html) as it is beautifully presented throughout!
Properties tend to be snapped up quite quickly in this area so I think you would need to get in quick to be in with a chance of securing this lovely house.

Three bed on Clodien Avenue

Hi All!

Here we are again another 3 bed family house near to the Heath Hospital. It has just come on the market with Abraham Estates and is bang on average at £229,950.

This could be a lovely family home or is a good investment due to it's great location near to the Hospital. I would recommend a look!

http://www.zoopla.co.uk/for-sale/details/38147396

http://www.zoopla.co.uk/for-sale/details/38147396

Calling all investors!

CPS home have just put this modern one bedroom property on the market. Located on Whitchurch Road it has great rental potential due to it's close proximity to UHW and it is nicely done out so looks ready to put straight on the rental market.
This should let out for around £575 so with yields of 6% that's not bad at all!

http://www.rightmove.co.uk/property-for-sale/property-51585670.html

Extended 3 bed on St Ina Road

This 3 bedroom on St Ina Road caught my eye this morning. It has just come on the market with MGY for £349,950 and properties in this area don't tend to stay on the market for long. With the added benefit of a large extension to the back of the property which has made a great  kitchen/dining room - perfect for families- I would recommend getting a viewing asap!

http://www.rightmove.co.uk/property-for-sale/property-51567685.html

The Heath Property market outperforms Cardiff’s by 29%....

The subject of Heath and its popularity was brought up in conversation by a couple of solicitors I met at a recent networking event in Cardiff last week.  I said Heath (and the immediate surround neighbouring areas) has property for everyone. At the top end of the market, are those lovely bay front semi detached houses in the ‘Saints area’, next, for those that might find those 1920’s semis out of their budget and on our door step, we have the plain looking (yet decently built and good sized) Roath Park 1960’s/70’s development of semis through to Victorian terraced houses and the odd modern apartment block.

 

Over the last month 1,127 properties have been put on to the market in Cardiff (excluding Heath). Of those 1,127 properties, 218 have found buyers – so just under 1 in 5 houses are sold subject to contract - an impressive 19.34%. Yes, very impressive, until you look at Heath. Of the 52 properties that have come on to the market 13 of those 52 have found a buyer – meaning one in four sellers have sold subject to contract. That means the Heath property market has performed nearly a third better than Cardiff, as 29.2% proportionally more sellers have sold than the rest of Cardiff.

In the coming months, we will discuss the property prices in Heath in greater detail, but to give you a sneak preview, average property values in Heath have risen 163.21% since 1995 – impressive don’t you think!

If you want to pick my brain on any aspect of the Heath property market, feel free to send me an email or pick up the phone.

Beautifully presented 3 bed

Afternoon All!

This property simply looks stunning and straight out of a catalogue!. It has just come on the market with Emoov at £260,000. This does seem a little optimistic for the area but it is beautifully presented and comes with the added benefit of a garage to the rear of the property which is currently being used as a gym (click on the link to check out the photos of this).

http://www.zoopla.co.uk/for-sale/details/38012908

Investment Property in Thornbury Close

Morning All!

I hope everyone enjoyed their bank holiday weekend!

Morgans have put this three bedroom property on the market for £229,000. I think this could be a good investment opportunity and with a lick of paint and some new carpets could go straight on the market for rent. It is being sold with vacant possession and no chain so I would recommend a look.


http://www.zoopla.co.uk/for-sale/details/37914853