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Development Opportunity at Mill Road, Tongwynlais, Cardiff

Wales

£375,000
Listed on 15/07/2022

Property Details

Bedrooms
N/A
Type
Residential Development

Description

Located just north of Cardiff, the village of Tongwynlais offers a unique residential development opportunity with four building plots on Mill Road. This site spans approximately 0.8 acres and comes with full planning permission for creating four individual, contemporary detached homes each exceeding 2,300 sq.ft., complete with garages and driveways. The area benefits from close proximity to key amenities such as schools, public transport links including a regular bus service and a park-and-ride railway station at Taffs Well, as well as quick access to the M4 motorway via Junction 32. Given its strategic location near the scenic Castell Coch and other local attractions, this project promises significant investment potential. Additionally, there may be an extra plot available for negotiation. Note that the purchase will involve an additional Section 106 payment estimated at around £214,000.

Investment Analysis

(CF15 area)
Area Average
£331/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£500,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CF15)

Area prices are rising by +7.6% over the last 12 months
3 year growth: +9.4%
5 year growth: +19.5%
Investment Disclaimer: Analysis based on CF15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Development Opportunity at Mill Road, Tongwynlais, Cardiff
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,338
Based on a loan of £281,250 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Price History

-55.9% since listed
£375,000£150,000(-28.6%)
13/09/2025
Current price
£525,000£125,000(-19.2%)
14/05/2024
£650,000£49,950(-7.1%)
23/09/2022
£699,950£150,050(-17.7%)
02/09/2022
£850,000Initial listing
14/07/2022

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