3 Bed Terraced House, Refurb/BRRR, Cardiff, CF11 7JX, £260,000

Paget Street, Cardiff, CF11 7JX - 7 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£153K - £340K
Sold Prices/m²£1.6K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£196,350

 

 

End Value (After Refurb)

£245,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£37,863

Bridging Loan Interest

£6,825

Total Cash In

£126,138

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£245,000

Mortgage (After Refinance)

£183,750

Mortgage LTV

75%

Cash Left In

£126,138

Equity

£61,250

Rent Range

£1,050 - £3,000

Rent Estimate

£1,429

Running Costs/mo

£1,071

Cashflow/mo

£358

Cashflow/yr

£4,291

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £153K to £340K, average is £233.8K. £1.6K/m² to £4.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£225K01/210.01 mi8, North Street, Cardiff CF11 7HT3
£180K02/230.02 mi1, Redlaver Street, Cardiff CF11 7LY3
£225K07/230.02 mi15, Redlaver Street, Cardiff CF11 7LY3
£240K11/200.07 mi17, Paget Street, Cardiff CF11 7LB3
£275K07/230.08 mi28, Stockland Street, Cardiff CF11 7LW3
£237K04/210.1 mi43, Redlaver Street, Cardiff CF11 7LZ3
£235K12/200.1 mi30, Penhevad Street, Cardiff CF11 7LS3
£160K10/210.11 mi43, North Clive Street, Cardiff CF11 6NQ3
£271K08/210.14 mi30, Pentrebane Street, Cardiff CF11 7LL3
£250K04/210.14 mi28, Pentrebane Street, Cardiff CF11 7LL3
£285K02/230.15 mi93, Paget Street, Cardiff CF11 7LE3
£223K03/210.16 mi5, Ferndale Street, Cardiff CF11 7AZ3
£248K12/200.16 mi18, Ferndale Street, Cardiff CF11 7BA3
£260K02/230.16 mi47, Pentrebane Street, Cardiff CF11 7LN3
£232.5K07/230.18 mi13, Cymmer Street, Cardiff CF11 7AB3
£245K07/210.18 mi84, Penarth Road, Cardiff CF11 6NH3
£340K01/230.18 mi71, Pentrebane Street, Cardiff CF11 7LP3
£228K12/200.19 mi155, Sloper Road, Cardiff CF11 8AG3
£237.5K07/230.19 mi11, Dorset Street, Cardiff CF11 6PS3
£245K08/210.2 mi9, Llanbradach Street, Cardiff CF11 7AD3
£181.5K03/230.21 mi4, Warwick Street, Cardiff CF11 6PW3
£153K12/200.21 mi22, Tynant Street, Cardiff CF11 6PJ3
£240K05/210.26 mi43, Bromsgrove Street, Cardiff CF11 7EZ3
£228K12/200.27 mi11, Bromsgrove Street, Cardiff CF11 7EY3
£260K11/200.28 mi7, Bargoed Street, Cardiff CF11 7AF3
£243.5K06/210.29 mi104, Holmesdale Street, Cardiff CF11 7BW3
£325K10/210.3 mi56, Mardy Street, Cardiff CF11 6QU3
£340K02/230.3 mi68, Mardy Street, Cardiff CF11 6QU3
£250K01/210.31 mi46, Virgil Street, Cardiff CF11 8TF3
£230K12/220.31 mi8, Wedmore Road, Cardiff CF11 6SH3
£177K12/200.31 mi30, Wedmore Road, Cardiff CF11 6SH3
£246K12/200.32 mi78, Holmesdale Street, Cardiff CF11 7BU3
£214K12/200.32 mi16, Newport Street, Cardiff CF11 7DA3
£299.9K11/200.33 mi1, Grange Place, Cardiff CF11 7DB3
£282K07/220.33 mi8, Grange Place, Cardiff CF11 7DB3
£300K08/230.33 mi114, Taff Embankment, Cardiff CF11 7BH3
£212K01/210.33 mi2, Bradford Street, Cardiff CF11 7BZ3
£225K07/230.33 mi19, Bradford Street, Cardiff CF11 7BZ3
£285K04/230.33 mi2, Bradford Street, Cardiff CF11 7BZ3
£180K10/210.33 mi120, Court Road, Grangetown, Cardiff CF11 6SE3
£200K12/200.33 mi122, Court Road, Grangetown, Cardiff CF11 6SE3
£217K12/200.34 mi7, Osborne Square, Cardiff CF11 8BG3
£205K07/210.35 mi22, Bromfield Street, Cardiff CF11 7BY3
£210K02/210.35 mi5, Bromfield Street, Cardiff CF11 7BY3
£230K01/230.35 mi1, Compton Street, Cardiff CF11 6TJ3
£200K02/210.36 mi16, Langham Way, Cardiff CF11 8BJ3
£200K11/200.37 mi21, Somerset Street, Cardiff CF11 6TL3
£240K10/220.37 mi23, Ludlow Street, Cardiff CF11 7BX3
£231K04/230.37 mi19, Kent Street, Cardiff CF11 7DL3
£210K03/210.37 mi21, Kent Street, Cardiff CF11 7DL3

Local Rents

31 rents from £1.1K/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20003/240.08 miStockland Street, Grangetown, Cardiff3
£1,50003/240.13 mi-3
£1,50003/240.13 miDurham Street, Cardiff, CF113
£1,20004/240.14 miNorth Clive Street3
£1,50003/240.16 miFerndale Street, Cardiff3
£1,10003/250.18 mi-3
£1,90003/240.19 miPenarth Road, Grangetown3
£1,30004/240.21 miChester Place, Grangetown, Cardiff, CF113
£1,35005/240.21 miLlanmaes Street, CARDIFF3
£1,40005/240.23 miCornwall Street, Cardiff CF11 6PP3
£1,35005/240.26 miStafford Road, Cardiff3
£1,40003/240.26 miCornwall Street, Cardiff(City), CF113
£1,25004/240.29 miForrest Street, Grangetown3
£2,50003/240.31 mi-3
£1,35005/240.31 miWedmore Road, Cardiff(City), CF113
£1,40003/250.33 mi-3
£1,20004/240.34 miOsborne Square, City Gardens, Grangetown, Cardiff, CF11 8BG3
£1,25005/240.36 miCompton Street, Grangetown, Cardiff, CF113
£1,30003/240.37 miSomerset Street, Grangetown, Cardiff, CF113
£1,20012/240.37 miCourt Road, Barry, Vale of Glamorgan3
£1,25003/240.39 miFonthill Place, Cardiff3
£1,70001/250.4 mi-3
£1,05012/240.43 mi-3
£1,30003/240.44 miSloper Road, CARDIFF3
£1,60004/240.46 miCorporation Road, Cardiff(City), CF113
£1,40004/240.46 miPenarth Road, CARDIFF3
£3,00012/240.48 mi-3
£1,30004/240.55 miTudor St, Riverside3
£1,18503/240.59 miGloucester Street, Riverside, CF11 6EJ3
£1,27503/240.61 mi-3
£1,07503/240.61 mi-3

Local Area Statistics

Population in CF11

36,147

Population in Cardiff

357,494

Town centre distance

2.28 miles away

Nearest train station

0.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Price changed to £260,000

January 19, 2025

Listed for £270,000

August 2, 2024

Floor Plans

Description

  • Close to Cardiff City Centre +
  • Fantastic Location +
  • First Time Buyers +
  • Front and Rear Gardens +
  • Huge Potential +
  • Investors +
  • No Chain +
  • South Facing rear garden +
  • Three Double Bedrooms +
  • Utility Room +

*FIRST TIME BUYERS & INVESTORS*

An incredible opportunity to purchase this larger than average three double bedroom Victorian house with Bay fronted window in need of modernisation and with huge potential to be a fantastic family home near Cardiff City Centre.

The property is accessed through low maintenance front garden and the ground floor boasts two reception rooms, large kitchen, utility room and ground floor WC.

To the first floor, there are three double bedrooms and family bathroom.

To the rear is a South Facing and enclosed rear garden with gate onto lane access at the rear.

Offered for sale with no ongoing chain and perfect for first time buyers and investors alike.

Council Tax Band: BAND E
Tenure: Freehold

Agent Details

Thompson Young, Penarth

029 2167 2292

Next Steps?

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