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4 Goscombe Drive, Penarth, Vale of Glamorgan, CF64 2LF

Marketed by:

Auction House Wales

Auction House Wales

6 Station Rd, Radyr, Cardiff CF15 8AA, UK

02920 475 184

For Sale

3 Bed Link House – Penarth

4 Goscombe Drive, Penarth, Vale of Glamorgan, CF64 2LF

For Sale

£129,000+

Key Features
  • 3 bedrooms
  • Leasehold
  • Lease: 99 years from June 1965
  • EPC: E
  • Garage
Description

Stop slideshow Previous 1 of 19 Next Enlarge Stop slideshow Previous 2 of 19 Next Enlarge Stop slideshow Previous 3 of 19 Next Enlarge Stop slideshow Previous 4 of 19 Next Enlarge Stop slideshow Previous 5 of 19 Next Enlarge Stop slideshow Previous 6 of 19 Next Enlarge Stop slideshow Previous 7 of 19 Next Enlarge Stop slideshow Previous 8 of 19 Next Enlarge Stop slideshow Previous 9 of 19 Next Enlarge Stop slideshow Previous 10 of 19 Next Enlarge Stop slideshow Previous 11 of 19 Next Enlarge Stop slideshow Previous 12 of 19 Next Enlarge Stop slideshow Previous 13 of 19 Next Enlarge Stop slideshow Previous 14 of 19 Next Enlarge Stop slideshow Previous 15 of 19 Next Enlarge Stop slideshow Previous 16 of 19 Next Enlarge Stop slideshow Previous 17 of 19 Next Enlarge Stop slideshow Previous 18 of 19 Next Enlarge Stop slideshow Previous 19 of 19 Next Enlarge Close Previous Next and closes Wednesday 7th October 2026 at Midday. Description and closes Wednesday 7th October 2026 at Midday. Extended Mid Link House Requiring Modernisation Offered for sale is this three-bedroom mid link house with garage and gardens to front and rear. The property has been greatly extended by way of a full width extended reception room and large conservatory to the ground floor. Positioned within a cul-de-sac location and within walking distance of the local school, Penarth Marina and the town centre, comprising of numerous eateries, bars and boutiques. In our opinion, and upon speaking to local agents, the resale freehold valuation of the house once refurbished would stand at approximately £285,000. Gr

Accommodation

The source particulars describe the accommodation above; room-by-room dimensions should be checked against the auction floorplan and legal pack where available.

Location

Property located at 4 Goscombe Drive, Penarth, Vale of Glamorgan, CF64 2LF. Local access, services and immediate surroundings should be confirmed during viewing and due diligence.

Tenure

Leasehold | Lease details: 99 years from June 1965 | EPC: E

Tenancy / Occupancy

No passing rent has been assumed unless explicitly stated in the source particulars. Confirm vacant possession, occupational interests and any tenancy documentation in the legal pack.

Investment Analysis

Auctioneer/source facts are set out above. The figures below are HB desktop screening estimates based on the supplied particulars and current property type/condition. They are not an auctioneer valuation or formal survey.

The Base Scenario is used consistently throughout. SDLT is buyer-specific and should be added separately before setting a final bidding ceiling.

Investment Snapshot
Guide Price / Status£129,000+ / For Sale
Low / Base / High Works£20,000 / £35,000 / £55,000
Purchase + Base Works£164,000
Auction / Buyer Fee Allowance£2,322
Legal / Searches Allowance£1,800
Finance Allowance£7,095
Holding Cost Allowance£4,500
Works Contingency£3,500
Estimated Base Project Cost£183,217 excluding buyer-specific SDLT
Low / Base / High GDV£155,000 / £181,000 / £213,000
Low / Base / High Rent£1,175 / £1,350 / £1,525 pcm
Base Annual Rent£16,200
Gross Yield – Guide12.6%
Gross Yield – Total Project Cost8.8%
70% / 75% Refinance on Base GDV£126,700 / £135,750
Cash Left In at 75%£47,467
Base Flip Surplus£-2,217
Suggested StrategyBuy-to-Let / BRRR
Market Comparables

HB desktop market evidence should be read together with the exact property type, condition, tenure and local micro-location. The Low/Base/High GDV range above is a screening range and must be confirmed against recent Land Registry sold evidence before a binding bid is made.

Proposed Works
Initial strip-out / preparation£3,000–£8,250
Core refurbishment / building works£9,000–£24,750
Services / compliance / finishes£5,000–£13,750
Contingency / external works£3,000–£8,250

HB works allowance: Low £20,000, Base £35,000, High £55,000. The Base Works figure is used consistently below; a measured survey and contractor pricing are required before commitment.

Rental Value

HB working rental range: £1,175–£1,525 pcm, with £1,350 pcm (£16,200 pa) used as the Base case. This is a desktop estimate rather than passing rent and should be checked against live comparable lettings.

Low / Base / High Investment Scenario
Low ScenarioGDV £155,000; works £55,000; rent £1,175 pcm
Base ScenarioGDV £181,000; works £35,000; rent £1,350 pcm
High ScenarioGDV £213,000; works £20,000; rent £1,525 pcm
BTL Analysis
Monthly / Annual Rent£1,350 pcm / £16,200 pa
Gross Yield on Guide12.6%
Gross Yield on Total Project Cost8.8%

Gross yields exclude management, maintenance, voids, insurance, service charge where applicable, tax and mortgage costs.

BRRR Analysis
Base Project Cost£183,217 excluding SDLT
Base GDV£181,000
70% Refinance£126,700
75% Refinance£135,750
Cash Left In at 75%£47,467

Refinance is illustrative and depends on lender criteria, valuation, rent stress testing and property condition.

Flip Analysis
Base Project Cost£183,217 excluding SDLT
Base GDV£181,000
Estimated Base Surplus£-2,217
Surplus on Cost-1.2%

This is a desktop screening surplus, not net profit. SDLT, tax and any additional selling/professional costs must be included before a final decision.

Maximum Bid Indicator
Base GDV£181,000
Less Base Works£35,000
Less Auction / Legal / Finance / Holding / Contingency£19,217
Required Return Allowance15% of Base GDV
HB Desktop Screening Ceiling£99,633

The HB Desktop Screening Ceiling is an appraisal indicator only, not a formal valuation or instruction to bid. Add buyer-specific SDLT and amend finance/return requirements before use.

Strategy Recommendation

Buy-to-Let / BRRR. This is the most relevant desktop strategy based on the source property type and current assumptions. Proceed only after legal-pack, survey, funding and market-evidence checks.

Strategy Rating

BTL ★★★★☆   |   BRRR ★★★☆☆   |   Flip ★★★☆☆

Key Risks
  • Condition and refurbishment-cost overrun risk.
  • Legal title, special conditions and financeability must be checked.
  • Desktop GDV and rental assumptions require confirmation against current comparable evidence.
Analysis Confidence

Medium. The supplied individual-lot scrape provides useful source facts, photographs and location data. Confidence remains below High until the legal pack, physical survey and final sold/rental comparable evidence are fully checked.

Auction Details : 

Auction House Wales

Auction Date : 

07/10/26

Lot Number : 

023

Tradelend Limited
Tradelend Limited

Bridging Finance, Development Finance

0203 886 2530

Tiger Financial
Tiger Financial

Bridging Finance, Development Finance

020 7965 7261

Tuscan Capital
Tuscan Capital

Bridging Finance

020 7846 9030

UK Bridging Loans Ltd
UK Bridging Loans Ltd

Bridging Finance

0116 366 6338

Ultimate Finance
Ultimate Finance

Bridging Finance

0800 121 7757

Property Location:

4 Goscombe Drive, Penarth, Vale of Glamorgan, CF64 2LF

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