3 Bed Terraced House, Refurb/BRRR, Cardiff, CF24 2EH, £160,000

Walker Road, Splott, Cardiff CF24 2EH - 7 views - 8 months ago

Sold STC

Cash

Refurb/BRRR

ROI: 8%

~90 m²

+15 photos

ValuationFair Value

Sold Prices	£153K - £285K
Sold Prices/m²	£1.4K/m² - £5.8K/m²

Square Metres	~89.59 m²
Price/m²	£1.8K/m²
Value Estimate	£161,600£161,600

End Value (After Refurb)	£192,696£192,696
Uplift in Value	+20%+20%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£40,000£40,000
Stamp Duty & Legal Fees	£6,000£6,000
Refurb Costs	£36,607£36,607
Bridging Loan Interest	£4,200£4,200
Total Cash In	£88,557£88,557

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£192,696£192,696
Mortgage (After Refinance)	£144,522£144,522
Mortgage LTV	75%75%
Cash Released	£24,522£24,522
Cash Left In	£64,034£64,034
Equity	£48,174£48,174
Rent Range	£900 - £2,950£900 - £2,950
Rent Estimate	£1,483
Running Costs/mo	£919£919
Cashflow/mo	£564£564
Cashflow/yr	£6,771£6,771
ROI	8%8%
Gross Yield	11%11%

Local Sold Prices

50 sold prices from £153K to £285K, average is £215K. £1.4K/m² to £5.8K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£205K	01/21	0.03 mi	35, Marion Street, Cardiff CF24 2DL	£1,952	105	3	Terraced House
£228.1K	08/23	0.03 mi	55, Marion Street, Cardiff CF24 2DL	-	-	3	Terraced House
£180K	10/21	0.06 mi	16, Singleton Road, Cardiff CF24 2ES	£2,145	84	3	Terraced House
£166.3K	12/20	0.06 mi	30, Singleton Road, Cardiff CF24 2ES	£1,953	85	3	Terraced House
£245K	03/23	0.06 mi	46, Habershon Street, Cardiff CF24 2DY	-	-	3	Terraced House
£260K	03/23	0.07 mi	108, Marion Street, Cardiff CF24 2DN	£1,970	132	3	Terraced House
£285K	03/23	0.07 mi	100, Marion Street, Cardiff CF24 2DN	£2,522	113	3	Semi-Detached House
£260K	06/23	0.08 mi	67, Habershon Street, Cardiff CF24 2DW	£3,095	84	3	Terraced House
£195K	03/23	0.08 mi	47, Habershon Street, Cardiff CF24 2DW	£1,681	116	3	Terraced House
£205K	06/21	0.09 mi	31, Aberdovey Street, Cardiff CF24 2ER	£2,071	99	3	Terraced House
£260K	11/21	0.12 mi	3, Farmville Road, Cardiff CF24 2JN	£2,597	100	3	Semi-Detached House
£250K	12/20	0.13 mi	7, University Place, Cardiff CF24 2JU	£2,155	116	3	Terraced House
£285K	03/23	0.13 mi	12, University Place, Cardiff CF24 2JU	£2,601	110	3	Terraced House
£240K	01/21	0.13 mi	12, University Place, Cardiff CF24 2JU	£2,190	110	3	Terraced House
£153K	11/21	0.13 mi	52, Janet Street, Cardiff CF24 2BE	£1,404	109	3	Terraced House
£220K	12/20	0.14 mi	10, Courtenay Road, Cardiff CF24 2JQ	£1,947	113	3	Terraced House
£186K	02/21	0.16 mi	66, Ordell Street, Cardiff CF24 2BB	£1,806	103	3	Terraced House
£220K	12/20	0.18 mi	229, Moorland Road, Cardiff CF24 2LH	£2,750	80	3	Terraced House
£222.5K	12/20	0.18 mi	181, Moorland Road, Cardiff CF24 2LH	£2,557	87	3	Terraced House
£232K	03/21	0.2 mi	289, Moorland Road, Cardiff CF24 2LJ	-	-	3	Terraced House
£260K	05/23	0.2 mi	36, Eyre Street, Cardiff CF24 2JS	£2,882	90	3	Terraced House
£232.5K	02/23	0.2 mi	38, Eyre Street, Cardiff CF24 2JS	-	-	3	Terraced House
£175K	06/21	0.2 mi	17, Adeline Street, Cardiff CF24 2BH	£1,642	107	3	Terraced House
£260K	12/21	0.22 mi	41, Coveny Street, Cardiff CF24 2NN	-	-	3	Terraced House
£230K	04/23	0.22 mi	15, Coveny Street, Cardiff CF24 2NN	£1,679	137	3	Terraced House
£200K	06/21	0.22 mi	30, Janet Street, Cardiff CF24 2BD	£1,923	104	3	Terraced House
£253.8K	04/21	0.25 mi	132, Moorland Road, Cardiff CF24 2LP	£2,350	108	3	Terraced House
£223K	10/21	0.26 mi	8, Railway Street, Cardiff CF24 2DG	£2,372	94	3	Terraced House
£180K	11/20	0.26 mi	22, Railway Street, Cardiff CF24 2DG	£1,789	101	3	Terraced House
£190K	01/21	0.26 mi	20, Railway Street, Cardiff CF24 2DG	£1,919	99	3	Terraced House
£182K	02/23	0.27 mi	79, Moorland Road, Cardiff CF24 2LG	£2,045	89	3	Terraced House
£255K	06/23	0.29 mi	6, Seymour Street, Cardiff CF24 2NQ	-	-	3	Terraced House
£226.3K	03/21	0.32 mi	24, Pearl Street, Cardiff CF24 1HD	-	-	3	Terraced House
£220K	06/23	0.32 mi	17, Cameron Street, Cardiff CF24 2NW	£2,821	78	3	Terraced House
£182K	04/23	0.34 mi	49, Pearl Street, Cardiff CF24 1PJ	£1,916	95	3	Terraced House
£175K	06/21	0.35 mi	32, Diamond Street, Cardiff CF24 1NR	£1,823	96	3	Terraced House
£175K	02/21	0.35 mi	30, Wilson Street, Cardiff CF24 2NZ	£2,333	75	3	Terraced House
£186K	10/21	0.36 mi	53, Meredith Road, Cardiff CF24 2SW	£2,416	77	3	Semi-Detached House
£221K	10/21	0.38 mi	27, Iron Street, Cardiff CF24 0LL	£2,188	101	3	Terraced House
£167K	03/21	0.39 mi	7, Muirton Road, Cardiff CF24 2SG	£5,773	29	3	Terraced House
£173K	11/20	0.39 mi	253, Railway Street, Cardiff CF24 2ND	-	-	3	Terraced House
£210K	03/23	0.4 mi	49, Topaz Street, Cardiff CF24 1PG	£2,019	104	3	Terraced House
£210K	06/21	0.41 mi	69, Cecil Street, Cardiff CF24 1NW	-	-	3	Terraced House
£160K	10/21	0.42 mi	12, Madoc Road, Cardiff CF24 2TA	-	-	3	Terraced House
£195K	12/20	0.42 mi	18, Ruby Street, Cardiff CF24 1LN	£1,500	130	3	Terraced House
£195K	04/21	0.42 mi	54, Ruby Street, Cardiff CF24 1LN	£2,074	94	3	Terraced House
£250K	04/23	0.43 mi	148, Pearl Street, Cardiff CF24 1PN	-	-	3	Terraced House
£187K	10/22	0.45 mi	23, Mercia Road, Cardiff CF24 2TD	£2,634	71	3	Semi-Detached House
£190K	01/21	0.45 mi	222, Railway Street, Cardiff CF24 2NJ	£2,436	78	3	Terraced House
£235K	02/23	0.45 mi	230, Railway Street, Cardiff CF24 2NJ	£2,798	84	3	Terraced House

Local Rents

28 rents from £900/mo to £3K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	12/24	0.07 mi	Habershon Street, Cardiff(City), CF24	3	Terraced House
£2,950	01/25	0.07 mi	-	3	Detached House
£1,150	12/24	0.1 mi	Habershon Street, Splott, Cardiff, CF24	3	Terraced House
£1,200	02/24	0.12 mi	-	3	Terraced House
£1,200	12/24	0.15 mi	Courtenay Road, CARDIFF	3	Flat
£2,600	02/24	0.15 mi	-	3	Terraced House
£1,500	12/24	0.17 mi	Moorland Road, Splott	3	Terraced House
£1,620	12/24	0.24 mi	The Coach House, Carlisle Street, Cardiff	3	Terraced House
£1,200	12/24	0.24 mi	Burnaby Street, Splott, Cardiff, CF24	3	Terraced House
£900	12/23	0.24 mi	-	3	Terraced House
£2,400	03/24	0.27 mi	-	3	Terraced House
£2,400	12/24	0.27 mi	-	3	Terraced House
£1,000	02/25	0.27 mi	-	3	Terraced House
£1,200	12/24	0.3 mi	Carlisle Street, Splott, CF24 2PD	3	Terraced House
£1,275	02/24	0.31 mi	-	3	Terraced House
£1,395	12/24	0.44 mi	Harold Street, Splott	3	Terraced House
£1,350	12/24	0.5 mi	System Street, Cardiff ,	3	Terraced House
£1,200	03/25	0.53 mi	-	3	Flat
£1,350	12/24	0.54 mi	System Street, Cardiff(City), CF24	3	Terraced House
£1,350	12/24	0.56 mi	Stacey Road, Cardiff	3	Flat
£1,600	12/24	0.59 mi	Beresford Road, CARDIFF	3	Flat
£1,200	12/24	0.59 mi	Meteor Street, Splott, CF24	3	Terraced House
£1,350	03/25	0.59 mi	-	3	Terraced House
£1,290	12/24	0.61 mi	Moira Place, Adamsdown, CF24 0ER	3	Terraced House
£1,500	03/24	0.61 mi	-	3	Terraced House
£1,500	12/24	0.61 mi	Augusta Street, Cardiff, CF24	3	Terraced House
£1,500	12/24	0.61 mi	Augusta Street, Adamsdown	3	Terraced House
£1,500	12/24	0.62 mi	-	3	Flat

Local Area Statistics

Population in CF24	55,14855,148
Population in Cardiff	357,494357,494
Town centre distance	2.31 miles away2.31 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.90 miles away0.90 miles away

Rental demand	Landlord's marketLandlord's market
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £160,000

July 13, 2024

Floor Plans

Description

NO CHAIN!!! PUT YOUR OWN STAMP ON THIS PROPERTY!!! (CASH BUYERS ONLY!!!) +
3x DOUBLE BEDROOMS +
2x RECEPTION ROOMS +
SPACIOUS KITCHEN +
DOWNSTAIRS SHOWER ROOM +
ENCLOSED REAR GARDEN +
uPVC D/G WINDOWS +
GAS C/H with WORCESTER GREENSTAR 30kw ERP CONDENSING COMBI-BOILER +
CLOSE TO CARDIFF CITY CENTRE +
FREEHOLD +

* Guide Price: £160,000 to £170,000 * NO CHAIN!!! CASH BUYERS ONLY!!! PUT YOUR OWN STAMP ON THIS 3-BED TERRACED FAMILY HOME - CLOSE TO CARDIFF CITY CENTRE - 3x DOUBLE BEDROOMS - 2x RECEPTION ROOMS - SPACIOUS KITCHEN - DOWNSTAIRS SHOWER ROOM - ENCLOSED REAR/SIDE GARDEN - uPVC DOUBLE GLAZING WINDOWS - GAS CENTRAL HEATING Powered by a WORCESTER GREENSTAR 30kw ERP CONDENSING COMBI-BOILER - EPC RATING = D. COUNCIL TAX BAND = C. FREEHOLD. MR HOMES Offer FOR SALE with No Ongoing Chain this 3-Bedroom Mid-Terraced Family Home, The Property Requires Some Modernisation and briefly comprises; Entrance Hallway, Lounge, Dining Room, Kitchen, Rear Lobby, Downstairs Shower Room, Staircase to the 1st Floor Split-Level Landing, Bedrooms 1, 2 & 3. The Rear/Side Garden is a Good Size & Enclosed. The Property Benefits from; uPVC Double Glazing Windows & Gas Central Heating Powered by a Worcester Greenstar 30kw ErP Condensing Combi-Boiler. EPC Rating = D. Council Tax Band = C. EARLY VIEWING IS HIGHLY RECOMMENDED - PLEASE CALL or Book Online - - FREE MORTGAGE ADVICE AVAILABLE UPON REQUEST...