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Development Opportunity at Mill Road, Tongwynlais, Cardiff

Wales

£375,000
Listed on 31/12/2022

Property Details

Bedrooms
N/A
Type
Residential Development

Description

This property offers an exceptional development opportunity in the village of Tongwynlais, located just north of Cardiff and approximately six miles from the city centre. Positioned along Mill Road, this site features four building plots with full planning permission (subject to S106 agreements) for the construction of contemporary detached homes, each exceeding 2,300 sq.ft., complete with garages and driveways. The total area spans around 0.8 acres, presenting a prime investment prospect in a well-connected area near key amenities such as schools, public transport, and outdoor recreational spaces including Castell Coch and Forest Fawr. Additionally, swift access to the M4 motorway enhances its appeal for potential buyers or renters. The site is to be sold as a collective unit rather than individually, making it an attractive option for developers looking to capitalize on residential demand in this growing locality.

Investment Analysis

(CF15 area)
Area Average
£335/sq ft
Avg Rent (weekly)
£255
Avg Yield
3.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£400,000 - £600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
161%
Properties sold annually

Local Market Trend (CF15)

Area prices are stable by -0.3% over the last 12 months
3 year growth: -2.5%
5 year growth: +8.1%
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

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 over 30 years at 4.06% 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.

Price History

-42.3% since listed
£375,000£150,000(-28.6%)
13/09/2025
Current price
£525,000£125,000(-19.2%)
14/05/2024
£650,000Initial listing
31/12/2022

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