Studio for sale

£82,950 (£367/sq. ft) From

East Bay Close, Tyndall Fields, Cardiff CF10

Studio for sale 1 21 sq. m*
Interested in this property? Call +44 20 8033 4110 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Investment Opportunity
  • No Stamp Duty
  • 250 year long leasehold ownership
  • 8 min walk to Cardiff University
  • Target Completion December 2021 and long stop date
  • Developed and fully managed by Opto Cardiff

Property description

Investment Opportunity 2nd Floor.

Opulent are proud to present Opto Student Cardiff. Located within a city with 3 world-class universities with over 40,000 students, there is a massive undersupply in available pbsa beds within the city which has pushed up returns for investors to above the UK average. Within a 15 minute walking distance of all 3 universities, this development is perfectly situated within Cardiff city centre and will appeal to all students who study within the city. Boasting high end facilities that will attract both international and domestic students, the potential for
increased rents and therefore capital appreciation is very good at this development, especially considering that that a very similar student accommodation development in the city has studio prices starting from £140,000. Located in one of the uk’s four capital cities, house price growth and academic investment are always going to be high in Cardiff.

The fundamentals to a good student accommodation investment are the following; undersupply within the student market, proximity to campuses, distance to city centre, facilities on-site and realistic rental targets with room for growth. This development ticks all of these boxes which means by buying in here you will be buying an in-demand asset with facilities that will last for years which will over time increases rental income and the value of your asset.

*Facilities*

- Tennis Court
- Basketball Court Opto Student Cardiff - Premium Studio First Listing
- Yoga/Dance studio
- Indoor gym with Sauna
- Outdoor gym
- Cinema Room
- Outdoor cinema with auditorium
- Meeting/study rooms
- Outdoor table tennis
- Games Room
- Function Room
- Roof Gardens with outdoor seating and BBQs
- 24/7 CCTV and secure fob lock access
- On-site management services for students

*Key Investment Highlights;*

- *pre-launch show offer: *£5,000 discount with increased yield to 8% net for 3 years.
- Premium Student studios from £82,950 (minus £5,000 pre-launch discount)
- Garden studios for £84,950 (minus £5,000 pre-launch discount)
- Sky Studios for £99,950 (minus £5,000 pre-launch discount)
- Prime location in a leading UK University City with large undersupply of accommodation.
- Current shortage of over 21,000 bed spaces in the city.
- 26% of students come from overseas

Property info

Property value data/graphs for CF10

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £418,144 £407 3.5 £495,000
Semi-detached £229,124 £205 3.0 £261,400
Terraced £209,476 £206 3.3 £215,352
Flats £187,143 £269 1.8 £170,495

Current asking prices in CF10

Average: £181,098
Avg. current asking prices in CF10
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - £284,950
(1)
£499,983
(3)
-
Flats £149,932
(44)
£200,791
(80)
£281,988
(4)
- -
All £149,932
(44)
£200,791
(80)
£282,580
(5)
£499,983
(3)
-

Current asking rents in CF10

Average: £998 pcm
Avg. current asking prices in CF10
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £565 pcm
(14)
£858 pcm
(10)
£1,083 pcm
(3)
£1,226 pcm
(5)
£2,050 pcm
(1)
Flats £711 pcm
(86)
£965 pcm
(106)
£1,104 pcm
(13)
£1,649 pcm
(2)
-
All £691 pcm
(100)
£956 pcm
(116)
£1,100 pcm
(16)
£1,347 pcm
(7)
£2,050 pcm
(1)

Fun facts for CF10

Highest value in CF10
Highest value streets Zed-Index
Queen Anne Square £808,558
Greyfriars Road £382,796
Windsor Esplanade £372,627
Barquentine Place £334,644
Havannah Street £266,442
Highest turnover in CF10
Highest turnover streets Turnover
Heol Glan Rheidol 44.7%
Harrowby Street 39.7%
Barquentine Place 37.5%
Heol Glan Rheidol 35.8%
Henke Court 35.7%

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

Arrange Viewing

For more information about this property, please contact
Opulent Invest, SL1 on +44 20 8033 4110 * (local rate)

Monthly running costs Beta

£472 Monthly total

Energy

Gas £15 Electricity £27 Estimated energy cost £42/mo

Similar properties could save up to £222

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5600 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Cardiff

Estimated tax band A Council tax cost £88 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £10 Sewerage £16 Estimated water cost £26 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Opulent Invest about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Opulent Invest, and do not constitute property particulars. Please contact Opulent Invest for full details and further information. The Running Costs data displayed on this page are provided by Homes24 to give an indication of potential running costs based on various data sources. Homes24 does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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