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£560,000 Offers over
Bedrooms
Bathrooms
Currently a 9-bedroom HMO in Penylan, this property holds vast potential for transformation into a spacious family home. Nestled in historic Penylan, enjoy proximity to Roath parks and local amenities. With 5 reception rooms, its a canvas for family memories. Approved plans for 6 apartments.
Description - In the heart of Penylan, Cardiff, a unique property opportunity beckons. Currently functioning as a 9-bedroom HMO, this expansive property offers a glimpse into the potential of what could be. With its spacious rooms and thoughtful layout, its easy to envision it transforming into a warm, inviting family home.
Imagine turning the multiple rooms into spaces where a family can grow and thrive. The living areas can be places of laughter and bonding, while the bedrooms become personal sanctuaries for each family member. The propertys layout, with its 5 reception rooms and 6 bedrooms, offers flexibility and the freedom to design a home that fits your familys unique needs.
But the beauty of this property isnt just in its walls and rooms; its in its location. Penylan is a blend of the old and the new, where historic streets meet modern amenities. Living here means being a stones throw away from Roath parks, gardens, and the delightful eateries and teahouses that Penylan is known for. Its a place where families can enjoy the best of city living while being ensconced in a community that values its history and charm.
Moreover, the propertys versatility doesnt end with its potential as a family home. With approved planning (reference 20/01176/MNR), it can also be converted into 6 individual apartments, presenting a prime investment opportunity in one of Cardiffs most sought-after locations.
With a generous plot size of 0.11 acres and no onward chain, this property is an open book, waiting for the right vision to bring its story to life. Whether you see it as the family home youve always dreamed of or an investment with endless potential, one thing is clear: this property in Penylan is an opportunity not to be missed.
Please Note - All buyers are required to complete a digital Anti-Money Laundering (AML) check via MoveButler as part of the legal compliance process. This is a mandatory requirement, and a 20 fee per person is payable directly to MoveButler. The purchase cannot proceed without successful completion of this check.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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