66 Bromley Drive, CARDIFF, South Glamorgan, CF5 5HA

Description

Three bedroom ground floor flat with garage, close to local amenities and transport links. Cash buyers only.

Accommodation

Entrance hall, kitchen, lounge/diner, three bedrooms and a wet room. Externally, communal gardens to the front and a garage.

Location

Located in a sought-after area of Caerau, within close proximity to local schools, shops and transport links to the City Centre.

Tenure / Property Information

Investment Analysis

The £80,000 guide is the only price evidence supplied and is not a formal valuation. No completed sales comparables, sufficiently specific rental comparables, GDV evidence or condition-based works allowance are available. The lease has 88 years remaining, with service charge and full ground-rent details to be confirmed. A meaningful market value or maximum bid cannot therefore be established.

Investment Snapshot

Strategy Recommendation

Do not proceed on investment or development assumptions without an independent valuation, inspection, lease review, rent evidence and confirmation of all buyer and seller fees. Consider only if the cash purchase remains acceptable after that due diligence.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection and verification of the kitchen, wet room, finishes, services, communal areas and garage before assessing any works; no numeric allowance is supported.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten. There is no supported GDV, rent, refurbishment budget or refinance valuation, and the property is stated to be cash buyers only. Confirm mortgageability, lease terms, costs and valuation before considering this strategy.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The £1,800 inclusive-of-VAT contract documentation fee is known, while service charge, full ground-rent details and any seller-charged completion fees remain uncertain.

Flip Analysis

A flip appraisal cannot be completed because there are no completed sales comparables, supported GDV, refurbishment allowance or selling-cost allowance. The guide price plus the known £1,800 documentation fee does not provide a reliable total project cost.

Investor Risks & Due Diligence

• Cash buyers only, with financeability not established.

• Only 88 years remain on the lease as of the auction date.

• Service charge and full ground-rent details require confirmation.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• No sufficiently specific rental evidence is available.

• No condition survey or refurbishment cost evidence is available.

• No completed sales comparables or supported resale value are available.

Recommendation

Do not proceed on investment or development assumptions without an independent valuation, inspection, lease review, rent evidence and confirmation of all buyer and seller fees. Consider only if the cash purchase remains acceptable after that due diligence.

Strategy Rating

Analysis Confidence

Only the guide price, basic property description, lease headline terms and £1,800 documentation fee are supplied. There is no comparable-sales, rental, condition, refurbishment, GDV or complete-cost evidence.