2 Bed Terraced House, Refurb/BRRR, Cardiff, CF24 2NB, £195,000

173 Railway Street, Cardiff, CF24 2NB - a year ago

Sold STC
Refurb/BRRR
ROI: 1%
113 m²
+11 photos

ValuationFair Value

Sold Prices£142.5K - £252K
Sold Prices/m²£1.3K/m² - £3.5K/m²

 

 

Square Metres

113 m²
Price/m²£1.7K/m²

Value Estimate

£195,000

 

 

End Value (After Refurb)

£248,187

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,050

Refurb Costs

£46,172

Bridging Loan Interest

£5,119

Total Cash In

£108,841

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£248,187

Mortgage (After Refinance)

£186,140

Mortgage LTV

75%

Cash Released

£39,890

Cash Left In

£68,950

Equity

£62,047

Rent Range

£750 - £2,500

Rent Estimate

£1,139

Running Costs/mo

£1,023

Cashflow/mo

£116

Cashflow/yr

£1,392

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £142.5K to £252K, average is £186.3K. £1.3K/m² to £3.5K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£196K07/210 mi191, Railway Street, Cardiff CF24 2NB2
£184K08/220.05 mi107, Pearl Street, Cardiff CF24 1PL2
£210K02/230.09 mi192, Railway Street, Cardiff CF24 2NH2
£222K12/210.11 mi48, Cecil Street, Cardiff CF24 1NW2
£163K05/210.11 mi27, Seymour Street, Cardiff CF24 2NR2
£201K11/210.12 mi36, Swinton Street, Cardiff CF24 2NU2
£163K03/210.13 mi63, Diamond Street, Cardiff CF24 1NR2
£187.5K12/200.14 mi43, Harold Street, Cardiff CF24 1NZ2
£185K07/210.15 mi6, Bertram Street, Cardiff CF24 1NX2
£210K06/230.16 mi49, Theodora Street, Cardiff CF24 1PB2
£188K11/200.17 mi182, Pearl Street, Cardiff CF24 1RB2
£148K02/230.17 mi293, Railway Street, Cardiff CF24 2NE2
£230K12/200.17 mi35, Burnaby Street, Cardiff CF24 2JX2
£218K03/230.17 mi208, Railway Street, Cardiff CF24 2NJ2
£210K12/200.18 mi6, Florence Street, Cardiff CF24 2PA2
£198K04/230.18 mi10, Florence Street, Cardiff CF24 2PA2
£230K12/210.18 mi13, Florence Street, Cardiff CF24 2PA2
£205K05/220.23 miThe Coach House, Arthur Street, Cardiff CF24 1QR2
£162.5K03/210.23 mi60, Railway Street, Cardiff CF24 2DH2
£210K06/230.29 mi13, Fort Street, Cardiff CF24 1QQ2
£165K01/210.3 mi1, Zinc Street, Cardiff CF24 0HG2
£221K11/210.3 mi51, Railway Street, Cardiff CF24 2DE2
£227.5K04/210.32 mi179, Moorland Road, Cardiff CF24 2LH2
£180K01/210.32 mi1, Lead Street, Cardiff CF24 0LJ2
£220K05/230.32 mi27, Spring Gardens Terrace, Cardiff CF24 1QW2
£165K12/200.34 mi29, Spring Gardens Place, Cardiff CF24 1QY2
£185K03/230.34 mi23, Spring Gardens Place, Cardiff CF24 1QY2
£175K02/210.37 mi17, Zinc Street, Cardiff CF24 0HG2
£150K09/210.37 mi13, Howard Street, Cardiff CF24 2AX2
£170K03/210.4 mi2, Gwendoline Street, Cardiff CF24 2AS2
£145K12/200.4 mi19, Gwendoline Street, Cardiff CF24 2AS2
£178.5K05/230.4 mi10, Gwendoline Street, Cardiff CF24 2AS2
£200K06/230.4 mi20, Asgog Street, Cardiff CF24 2AR2
£150K03/210.43 mi4, Kerrycroy Street, Cardiff CF24 2AQ2
£142.5K11/200.46 mi51, Meredith Road, Cardiff CF24 2SW2
£177.5K11/210.46 mi22, Inchmarnock Street, Cardiff CF24 2AL2
£170K06/230.5 mi8, Kingarth Street, Cardiff CF24 2AH2
£147K06/210.51 mi96, Mercia Road, Cardiff CF24 2TE2
£147K06/210.51 mi96, Mercia Road, Cardiff CF24 2TE2
£153K03/210.51 mi4, Willows Avenue, Cardiff CF24 2ST2
£163K04/230.51 mi24, Madoc Road, Cardiff CF24 2TA2
£153K03/210.52 mi4, Willows Avenue, Cardiff CF24 2ST2
£252K06/230.6 mi140, Cyfarthfa Street, Cardiff CF24 3HH2
£246K03/230.61 mi135, Cyfarthfa Street, Cardiff CF24 3HH2
£230K02/210.62 mi29, Croft Street, Cardiff CF24 3DZ2
£206.5K03/210.63 mi12, Cottrell Road, Roath, Cardiff CF24 3EY2
£250K07/230.63 mi1, Clive Place, Cardiff CF24 3EE2
£192.4K11/220.63 mi11, Taymuir Road, Cardiff CF24 2QL2
£179K10/210.64 mi22, Lily Street, Cardiff CF24 3EB2
£215K11/210.64 mi2, Lily Street, Cardiff CF24 3EB2

Local Rents

50 rents from £750/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£92503/240.08 mi-2
£1,02501/250.08 mi-2
£1,00012/240.09 mi-2
£1,15001/250.1 mi-2
£1,08903/240.14 mi-2
£99903/250.14 mi-2
£1,08912/240.14 miCoveny Street, Cardiff, CF242
£90012/240.15 mi-2
£95002/250.15 mi-2
£1,10012/240.16 miWilson street, Splott2
£95003/250.16 mi-2
£1,20012/240.18 miRailway Street, Cardiff(City), CF242
£1,20012/240.18 miRuby Street, Cardiff2
£1,15012/240.2 miMoorland Mews, Moorland Road, Splott, Cardiff, CF242
£1,10003/240.2 mi-2
£1,10003/250.2 mi-2
£1,10012/240.2 miMoorland Road, Cardiff, CF242
£1,10012/240.2 miSplott Road, Splott2
£1,10012/240.21 miDiamond Street, Roath, Cardiff, CF242
£89512/240.21 mi-2
£2,50012/240.22 mi-2
£1,85012/240.22 mi-2
£1,00012/240.23 miBroadway, CARDIFF2
£1,00012/240.23 miBroadway, CARDIFF2
£1,00012/240.23 miBroadway, Cardiff2
£75012/240.23 miFlat 3 - Splott Road, Splott, Cardiff2
£1,00012/240.24 miMarion Street, CARDIFF2
£1,10002/250.24 mi-2
£90002/250.25 mi-2
£1,10012/240.28 miTyler Street, CARDIFF2
£1,20001/240.28 mi-2
£1,55012/240.28 mi-2
£1,15001/250.28 mi-2
£1,15002/250.28 mi-2
£1,00012/240.29 miStacey Road, CARDIFF2
£1,20003/240.33 mi-2
£1,20012/240.33 miSpring Gardens Terrace, Cardiff, CF242
£1,19512/240.34 mi-2
£1,15012/240.34 miGold Street, Adamsdown2
£1,45012/230.34 mi-2
£1,35012/240.34 miSpring Gardens Place, Splott2
£1,15012/240.34 miCentral Court, Roath2
£1,15012/240.35 miNewport Road, Roath2
£1,10003/250.35 mi-2
£2,30002/250.35 mi-2
£1,20012/240.36 miNewport Road, Roath2
£1,95002/250.36 mi-2
£1,20012/240.36 miNewport Road, Roath2
£1,20012/240.36 miNewport Road, Roath2
£1,10012/240.37 miNewport Road, CARDIFF2

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

2.06 miles away

Nearest school

0.30 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £195,000

April 20, 2024

Sold for £117,500

2011

Floor Plans

Description

Perfect opportunity to purchase this ideal two-bedroom property in the central location of Cardiff, Splott.

Two-bedroom terraced property in the sought after location in Cardiff situated on Railway Street within walking distance to Cardiff City Centre and regular transport links. The property is in need of some TLC but offers an amazing opportunity to add your own stamp and character.

The property briefly compromises, to the ground floor entrance hall, two generous reception rooms and kitchen/dining room. There is also a paved maintainable garden to the rear. To the first floor there are two generous bedrooms and shower room.

Call Taylors today to avoid missing out!

Agent Details

Taylors Estate Agents, Roath

029 2002 8247

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪