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Oaklands, Fonmon, The Vale of Glamorgan CF62 3BJ - Image 1
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Oaklands, Fonmon, The Vale of Glamorgan CF62 3BJ

Wales

£595,000
Listed on 28/12/2024

Property Details

Bedrooms
4
Type
Detached house
Area
2818 sqft

Description

This spacious detached home offers a flexible layout with four bedrooms and multiple reception areas, providing ample room for both family living and potential enhancements. Nestled in a tranquil setting, the property boasts direct views of the surrounding countryside, making it an ideal canvas for those looking to invest or renovate. Upon entering, you are greeted by a welcoming hallway that leads to several well-proportioned rooms. The living room features a bay window that floods the space with natural light and includes an electric fireplace, while double doors connect seamlessly to the dining room. A separate sitting room adds versatility to the ground floor layout, making it suitable for various purposes, whether as an additional lounge or a home office. The breakfast room opens into the kitchen, which is equipped with 'Shaker' style cabinetry and a convenient island unit. While functional, this area presents an opportunity for modernization to enhance its appeal further. A ground floor shower room is practical for guests or family use. Ascend to the first floor where you'll find a generously sized master bedroom complete with French doors leading onto a private decked balcony that offers stunning views—a perfect spot for morning coffee or evening relaxation. The family bathroom and additional bedrooms provide comfortable accommodation, but also have potential for updates and improvements. The property is set back from the road on a shared lane and features a front lawn with resin pathways leading to an oversized double garage and carport. The expansive driveway allows for significant parking options, enhancing convenience for residents and visitors alike. Given its size, there’s potential (subject to necessary planning permissions) to convert part of the garage or even add an independent annexe, ideal for inter-generational living or guest accommodations. The rear garden has been primarily laid to lawn and includes paved seating areas—ideal for outdoor enjoyment while taking in countryside views. Additionally, outbuildings such as a substantial summer house offer extra utility potential or could be repurposed according to your needs. This property stands out not just as a comfortable home but also as an investment opportunity ripe with possibilities for modernizing spaces or expanding functionality in one of its more appealing locations.

Investment Analysis

(CF62 area)

Below Market Value

This property is priced -21.8% below area average per sq ft

-21.8%
Potential saving
This Property
£211/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£246
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£836,791
10% above area average per sq ft
Potential ROI
+24.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (CF62)

Area prices are stable by +0.9% over the last 12 months
3 year growth: 0.4%
5 year growth: 29.2%
Investment Disclaimer: Analysis based on CF62 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

Oaklands, Fonmon, The Vale of Glamorgan CF62 3BJ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,180
Based on a loan of £446,250 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE