2 Bed Flat, Single Let, Cardiff, CF10 5AS, £360,000

The Bank, Bute Street, Cardiff, CF10 5AS - 1 views - a year ago

Leasehold
BTL
~68 m²
+25 photos

ValuationOvervalued

Sold Prices£104.5K - £375K
Sold Prices/m²£1.9K/m² - £4.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.3K/m²

Value Estimate

£174,613

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£90,000

Stamp Duty & Legal Fees

£17,500

Total Cash In

£107,500

 

 

Cash Out

 

Rent Range

£800 - £2,250

Rent Estimate

£900

Running Costs/mo

£1,325

Cashflow/mo

£-425

Cashflow/yr

£-5,100

Gross Yield

3%

Local Sold Prices

50 sold prices from £104.5K to £375K, average is £165K. £1.9K/m² to £4.8K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£147K05/210.21 mi45, Carlotta Way, Cardiff CF10 5FY2
£152K03/210.21 mi18, Carlotta Way, Cardiff CF10 5FY2
£150K05/210.21 mi15, Carlotta Way, Cardiff CF10 5FY2
£178K06/230.21 miFlat 3, Forio House, Ffordd Garthorne, Cardiff CF10 4DD2
£180K10/200.21 miFlat 29, Forio House, Ffordd Garthorne, Cardiff CF10 4DD2
£155K10/200.22 mi53, Havannah Street, Cardiff CF10 5SF2
£120K04/210.23 mi3, Dudley Court, Cardiff CF10 5BQ2
£167.5K04/230.23 mi46, Harrowby Street, Cardiff CF10 5GA2
£123K08/210.23 mi36, Harrowby Street, Cardiff CF10 5GA2
£140K03/210.23 mi90, Harrowby Street, Cardiff CF10 5GA2
£190K01/230.23 mi61, Judkin Court, Cardiff CF10 5AU2
£234K12/200.24 mi163, Havannah Street, Cardiff CF10 5SG2
£290K05/210.24 mi201, Havannah Street, Cardiff CF10 5SG2
£375K03/210.24 mi227, Havannah Street, Cardiff CF10 5SG2
£249.9K04/230.25 mi181, Havannah Street, Cardiff CF10 5SG2
£145K07/210.26 miFlat 9, Amalfi House, Ffordd Garthorne, Cardiff CF10 4DA2
£233K04/230.29 mi102, Judkin Court, Cardiff CF10 5AX2
£230K01/230.29 mi156, Judkin Court, Cardiff CF10 5AX2
£234.9K10/210.3 mi104, Judkin Court, Cardiff CF10 5AX2
£147K02/210.3 miFlat 12, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£137K01/210.3 miFlat 1, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£139K10/200.31 miFlat 11, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£104.5K12/200.31 mi21, Eleanor Place, Cardiff CF10 5BJ2
£162K12/220.32 mi56, Reresby Court, Cardiff CF10 5NR2
£147.5K04/210.32 mi19, Reresby Court, Cardiff CF10 5NR2
£156.6K09/230.32 mi13, Reresby Court, Cardiff CF10 5NR2
£152K02/210.32 mi49, Reresby Court, Cardiff CF10 5NR2
£165K08/230.32 mi32, Reresby Court, Cardiff CF10 5NR2
£146K06/210.32 mi64, Reresby Court, Cardiff CF10 5NR2
£132.8K04/210.32 mi32, Reresby Court, Cardiff CF10 5NR2
£152.5K10/210.32 mi10, Reresby Court, Cardiff CF10 5NR2
£152.5K02/210.32 mi61, Reresby Court, Cardiff CF10 5NR2
£165K03/230.33 miFlat 55, Rimini House, Ffordd Garthorne, Cardiff CF10 4DH2
£150K04/210.33 miFlat 52, Rimini House, Ffordd Garthorne, Cardiff CF10 4DH2
£219.9K12/220.37 mi189, Adventurers Quay, Cardiff CF10 4NS2
£200K04/210.37 mi185, Adventurers Quay, Cardiff CF10 4NS2
£227.5K10/230.37 mi194, Adventurers Quay, Cardiff CF10 4NS2
£317.5K12/200.4 mi48, Windsor Esplanade, Cardiff CF10 5BG2
£135K07/210.42 mi202, Taff Embankment, Cardiff CF11 7BP2
£177.5K09/210.44 mi113, Henke Court, Cardiff CF10 4EJ2
£188.5K03/210.44 mi117, Henke Court, Cardiff CF10 4EJ2
£185K03/210.47 mi106, Henke Court, Cardiff CF10 4EG2
£140K12/200.47 mi40 The Granary, Magretian Place, Cardiff CF10 4BR2
£165K12/200.48 mi57, Corvette Court, Cardiff CF10 4NN2
£190K05/230.48 mi50, Corvette Court, Cardiff CF10 4NN2
£186K09/230.48 mi146, Henke Court, Cardiff CF10 4EL2
£188K02/230.48 mi13 The Granary, Magretian Place, Cardiff CF10 4BR2
£175.5K07/230.48 mi37 The Granary, Magretian Place, Cardiff CF10 4BR2
£245K08/210.49 mi9, Henke Court, Cardiff CF10 4EB2
£235K03/210.49 mi74, Henke Court, Cardiff CF10 4EB2

Local Rents

50 rents from £800/mo to £2.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,45004/240.02 miQuayside, Cardiff Bay2
£1,29505/240.03 mi-2
£1,20003/240.04 miCadogan House, Cardiff Bay2
£1,10004/240.04 miCadogan House, Cardiff Bay2
£1,20003/240.04 miCadogan House, Cardiff Bay2
£1,15003/240.1 miFlatholme House, Ferry Court, Prospect Place2
£1,25003/240.1 miWest Bute Street, CARDIFF2
£1,20003/240.1 miWest Bute Street, CARDIFF2
£1,20003/240.1 miWest Bute Street, CARDIFF2
£1,20003/240.1 miCymric Buildings, West Bute Street, Cardiff, CF10 5LL2
£1,70005/240.11 miThe Big Windsor, Stuart Street, Cardiff Bay2
£1,70003/240.11 miThe Big Windsor, Stuart Street, Cardiff Bay2
£97502/240.11 mi-2
£97503/250.11 mi-2
£2,25003/240.12 miMount Stuart Square, Cardiff, CF102
£1,85004/240.12 miMount Stuart Square, Cardiff, CF102
£2,25003/240.12 mi-2
£1,85005/240.12 mi-2
£1,30005/240.12 miEmpire House, Cardiff Bay2
£1,35004/240.12 mi-2
£1,35005/240.12 miCymric Buildings, Cardiff, CF102
£82503/240.12 miCymric Buildings, Cardiff Bay2
£1,30003/240.13 miHarbour Point , Stuart Street, Cardiff2
£97503/240.14 miAprilia House, Lloyd George Avenue, Cardiff Bay2
£1,50003/240.15 miAberdare House, Mount Stuart Square, Cardiff2
£1,10003/240.15 miSt James Mansions, Mount Stuart Square, Cardiff Bay2
£1,20004/240.15 miSt Stephens Mansions, Mount Stuart Square, Cardiff Bay2
£1,35004/240.17 mi-2
£1,25004/240.2 miMount Stuart Square, Cardiff Bay2
£1,00003/240.21 miViceroy Mansions, Cardiff Bay, Cardiff2
£1,00005/240.21 miViceroy Mansions, Cardiff Bay2
£1,27504/250.21 mi-2
£1,22502/250.22 mi-2
£1,15005/240.23 mi-2
£1,15004/240.23 miHunter Street, Cardiff, CF102
£1,75005/240.23 miLynton Court, Century Wharf2
£1,30003/240.23 miHarrowby Street, Cardiff(City), CF102
£1,25003/240.23 miJudkin Court, Heol Tredwen,Cardiff,CF102
£1,50004/240.24 miOcean Reach, Havannah Street, Cardiff Bay2
£1,20003/240.24 miBute Esplanade, CARDIFF2
£1,25003/240.25 miOcean Reach, Havannah Street, Cardiff Bay2
£1,50003/240.25 miOcean Reach, Havannah Street, Cardiff Bay2
£1,25003/240.25 miHavannah Street, Cardiff2
£1,39503/240.25 miLisbon House, Century Wharf2
£1,25004/240.25 miPomeroy Street, Cardiff Bay, Cardiff2
£1,20005/240.25 miAmalfi House, Lloyd George Avenue, 2
£1,25003/240.25 miLynton Court, Capri House, Century Wharf2
£1,40003/240.25 miParis House, Lynton Court Century Wharf2
£80003/240.26 miHarrowby Place, Cardiff, Cardiff (County of), CF102
£1,10003/240.26 miSovereign Quay, Havannah Street, Cardiff Bay2

Local Area Statistics

Population in CF10

15,450

Population in Cardiff

357,494

Town centre distance

2.80 miles away

Nearest school

0.10 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+39%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £360,000

May 23, 2024

Floor Plans

Description

  • RARELY AVAILABLE +
  • Two Double Bedrooms, Third Floor +
  • High Specification Throughout +
  • Grade II Listed Building +
  • Central To Mermaid Quay +
  • Allocated Parking Space +
  • EPC Rating C +

DESCRIPTION RARELY AVAILABLE* HIGH SPECIFICATION THROUGHOUT* GRADE II LISTED BUILDING MGY are delighted to offer for sale a superb redevelopment of a Grade II Listed building, situated in the heart of Mermaid Quay, Cardiff Bay. This sympathetically designed scheme has retained much of the existing classical features from this unique Victorian building, combined with modern contemporary design. The luxury two bedroom, third floor apartment comprises of spacious entrance hall to beautifully appointed living area and kitchen with breakfast island, two double bedrooms, master with bespoke en-suite and shower room. The property further benefits from aluminium double glazing throughout, Juliette balcony with great views across Cardiff Bay, a video entry intercom system, sprinkler system and gated fob access to an allocated parking space. No chain.  

LOCATION This modern apartment boasts a very central and convenient position at the heart of Mermaid Quay with its many bars, shops and restaurants, and within walking distance to the Millennium Centre and cycle/walking paths to Cardiff Bay Barrage. Excellent bus and rail transport links nearby, to Cardiff City Centre for work, leisure and sports. 

ENTRANCE HALL Entered via large wooden door. Spacious entrance hall. Engineered oak wood flooring. Wall mounted video entry intercom system with additional remote app control. Two large storage cupboards. One housing hot water tank and one with plumbing for washing machine. Spotlights to ceiling. Wall mounted electric panel heater. Doors leading to kitchen and living area, bedrooms and shower room.  

KITCHEN 12' 11" x 10' 2" (3.94m x 3.11m) Fantastic open plan living. Large modern kitchen with engineered oak wood flooring. High specification wall and base units with 'Polished Quartz work surfaces. NEFF appliances throughout. Built in double oven and four ring electric hob with extractor hood over. Splash back. Integrated fridge freezer and wine cooler. Ample storage. Large breakfast island incorporating composite sink with drainer and dual tap. Storage below and integrated dishwasher. Extractor fan. Wall mounted electric panel heater. Spotlights to ceiling. 

LIVING AREA 20' 6" x 9' 1" (6.27m x 2.79m) Double glazed Anthracite aluminium window and doors, leading to glass Juliette balcony. Great views across Cardiff Bay. Engineered wood flooring. Wall mounted electric panel heater. TV Aerial point. Telephone point. Spotlights to ceiling.  

MASTER BEDROOM 21' 8" x 9' 3" (6.62m x 2.83m) Large double glazed Anthracite aluminium windows to side. Wool mix carpeted flooring. Built in double wardrobe. Wall mounted electric panel heater. TV Aerial point. Telephone point. Spotlights to ceiling. Door leading to:- 

EN-SUITE 7' 8" x 5' 9" (2.36m x 1.76m) Luxury En-suite with Mandarin Stone tiled flooring and tiled walls with feature tiling to bath. Under floor heating. Tiled bath, with rainfall shower over and additional shower attachment. Inset storage with lighting and glass shower screen. Vanity enclosed wash hand basin with dual tap. W.C with dual flush. Large inset mirrored vanity unit with lighting. Extractor fan. Heated towel rail. Spotlights to ceiling. Thermostat control. 

BEDROOM TWO 15' 0" x 8' 3" (4.58m x 2.53m) Large double glazed Anthracite aluminium windows to side. Double bedroom. Wool mix carpeted flooring. Built in double wardrobe. Wall mounted electric panel heater. TV Aerial point. Telephone point. Spotlights to ceiling.  

SHOWER ROOM 6' 10" x 5' 8" (2.10m x 1.74m) Mandarin Stone tiled flooring and tiled walls with feature tiling to shower cubicle. Under floor heating. Walk in shower with rainfall shower over and additional shower attachment. Inset storage with lighting. Vanity enclosed wash hand basin with dual tap. W.C with dual flush. Large inset mirrored vanity unit with lighting. Extractor fan. Heated towel rail. Spotlights to ceiling. Thermostat control.  

PARKING Gated fob access to one allocated parking space.  

TENURE MGY are advised that the property is leasehold, with a term of 125 years from 2019. Service charges of £1816.70 per annum, which includes a security video entry intercom system, maintenance of internal and external communal areas, regular cleaning and refuse disposal, gated fob access to an allocated parking space and parking management. Building insurance £832.50 per annum. Ground rent £150 per annum.

Agent Details

MGY, Cardiff

029 2271 1494

Next Steps?

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