3 Bed Terraced House, Refurb/BRRR, Cardiff, CF24 2DL, £220,000

Marion Street, Splott, Cardiff, CF24 2DL - 7 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+11 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£188,984

 

 

End Value (After Refurb)

£220,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£38,000

Bridging Loan Interest

£5,775

Total Cash In

£108,325

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£220,000

Mortgage (After Refinance)

£165,000

Mortgage LTV

75%

Cash Left In

£108,325

Equity

£55,000

Rent Range

£900 - £2,950

Rent Estimate

£1,476

Running Costs/mo

£1,003

Cashflow/mo

£473

Cashflow/yr

£5,680

ROI

5%

Gross Yield

8%

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.

PriceDateDistanceAddressBeds 
£205K01/210 mi35, Marion Street, Cardiff CF24 2DL3
£228.1K08/230 mi55, Marion Street, Cardiff CF24 2DL3
£245K03/230.04 mi46, Habershon Street, Cardiff CF24 2DY3
£260K06/230.05 mi67, Habershon Street, Cardiff CF24 2DW3
£195K03/230.05 mi47, Habershon Street, Cardiff CF24 2DW3
£180K10/210.1 mi16, Singleton Road, Cardiff CF24 2ES3
£166.3K12/200.1 mi30, Singleton Road, Cardiff CF24 2ES3
£260K03/230.1 mi108, Marion Street, Cardiff CF24 2DN3
£285K03/230.1 mi100, Marion Street, Cardiff CF24 2DN3
£205K06/210.11 mi31, Aberdovey Street, Cardiff CF24 2ER3
£250K12/200.11 mi7, University Place, Cardiff CF24 2JU3
£285K03/230.11 mi12, University Place, Cardiff CF24 2JU3
£240K01/210.11 mi12, University Place, Cardiff CF24 2JU3
£153K11/210.11 mi52, Janet Street, Cardiff CF24 2BE3
£260K11/210.13 mi3, Farmville Road, Cardiff CF24 2JN3
£220K12/200.14 mi10, Courtenay Road, Cardiff CF24 2JQ3
£186K02/210.15 mi66, Ordell Street, Cardiff CF24 2BB3
£260K05/230.17 mi36, Eyre Street, Cardiff CF24 2JS3
£232.5K02/230.17 mi38, Eyre Street, Cardiff CF24 2JS3
£175K06/210.18 mi17, Adeline Street, Cardiff CF24 2BH3
£220K12/200.18 mi229, Moorland Road, Cardiff CF24 2LH3
£222.5K12/200.18 mi181, Moorland Road, Cardiff CF24 2LH3
£260K12/210.19 mi41, Coveny Street, Cardiff CF24 2NN3
£230K04/230.19 mi15, Coveny Street, Cardiff CF24 2NN3
£200K06/210.19 mi30, Janet Street, Cardiff CF24 2BD3
£232K03/210.23 mi289, Moorland Road, Cardiff CF24 2LJ3
£253.8K04/210.23 mi132, Moorland Road, Cardiff CF24 2LP3
£223K10/210.24 mi8, Railway Street, Cardiff CF24 2DG3
£180K11/200.24 mi22, Railway Street, Cardiff CF24 2DG3
£190K01/210.24 mi20, Railway Street, Cardiff CF24 2DG3
£182K02/230.25 mi79, Moorland Road, Cardiff CF24 2LG3
£255K06/230.26 mi6, Seymour Street, Cardiff CF24 2NQ3
£226.3K03/210.28 mi24, Pearl Street, Cardiff CF24 1HD3
£220K06/230.3 mi17, Cameron Street, Cardiff CF24 2NW3
£182K04/230.31 mi49, Pearl Street, Cardiff CF24 1PJ3
£175K06/210.32 mi32, Diamond Street, Cardiff CF24 1NR3
£175K02/210.33 mi30, Wilson Street, Cardiff CF24 2NZ3
£221K10/210.35 mi27, Iron Street, Cardiff CF24 0LL3
£173K11/200.36 mi253, Railway Street, Cardiff CF24 2ND3
£210K03/230.36 mi49, Topaz Street, Cardiff CF24 1PG3
£186K10/210.37 mi53, Meredith Road, Cardiff CF24 2SW3
£210K06/210.37 mi69, Cecil Street, Cardiff CF24 1NW3
£167K03/210.37 mi7, Muirton Road, Cardiff CF24 2SG3
£195K12/200.39 mi18, Ruby Street, Cardiff CF24 1LN3
£195K04/210.39 mi54, Ruby Street, Cardiff CF24 1LN3
£250K04/230.4 mi148, Pearl Street, Cardiff CF24 1PN3
£190K01/210.42 mi222, Railway Street, Cardiff CF24 2NJ3
£235K02/230.42 mi230, Railway Street, Cardiff CF24 2NJ3
£160K10/210.43 mi12, Madoc Road, Cardiff CF24 2TA3
£200K02/210.44 mi23, Cecil Street, Cardiff CF24 1NU3

Local Rents

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

RentDateDistanceAddressBeds 
£1,40012/240.04 miHabershon Street, Cardiff(City), CF243
£1,15012/240.1 miHabershon Street, Splott, Cardiff, CF243
£2,95001/250.11 mi-3
£1,20012/240.14 miCourtenay Road, CARDIFF3
£2,60002/240.14 mi-3
£1,20002/240.15 mi-3
£1,50012/240.17 miMoorland Road, Splott3
£1,62012/240.2 miThe Coach House, Carlisle Street, Cardiff3
£1,20012/240.21 miBurnaby Street, Splott, Cardiff, CF243
£90012/230.23 mi-3
£2,40003/240.24 mi-3
£2,40012/240.24 mi-3
£1,00002/250.24 mi-3
£1,20012/240.27 miCarlisle Street, Splott, CF24 2PD3
£1,27502/240.29 mi-3
£1,39512/240.4 miHarold Street, Splott3
£1,35012/240.47 miSystem Street, Cardiff , 3
£1,35012/240.51 miSystem Street, Cardiff(City), CF243
£1,20003/250.52 mi-3
£1,35012/240.53 miStacey Road, Cardiff3
£1,60012/240.56 miBeresford Road, CARDIFF3
£1,20012/240.56 miMeteor Street, Splott, CF243
£1,50012/240.58 mi-3
£1,29012/240.59 miMoira Place, Adamsdown, CF24 0ER3
£1,50003/240.59 mi-3
£1,50012/240.59 miAugusta Street, Cardiff, CF243
£1,50012/240.59 miAugusta Street, Adamsdown3
£1,30002/240.6 mi-3
£1,50012/240.6 miAugusta Street, Cardiff 3

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

2.28 miles away

Nearest school

0.20 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £220,000

September 4, 2024

Floor Plans

Description

  • Traditional Mid Terraced Home +

  • Three Bedrooms +

  • Lounge Area and Dining Area +

  • Fitted Kitchen +

  • First Floor Bathroom +

  • Front Forecourt +

  • Enclosed Rear Garden +

  • Popular Location +

SUMMARY
NO ONWARD CHAIN! A traditional THREE BEDROOM MID TERRACED home, situated in the popular location of SPLOTT, within walking distance of local amenities and within easy access to Cardiff City Centre and the A48/M4 access corridor. The property further benefits from front forecourt and rear garden.

DESCRIPTION
NO ONWARD CHAIN! A traditional mid terraced home, in need of modernisation, situated in the popular location of SPLOTT, within walking distance of local amenities and within easy access to Cardiff City Centre and the A48/M4 access corridor. The accommodation briefly comprises entrance hallway, lounge area and dining area, fitted kitchen to the ground floor. To the first floor are three bedrooms and bathroom. The property further benefits from gas central heating, front forecourt and enclosed rear garden. Viewings recommended!

Ground Floor 

Entrance 
Via a double glazed front door into:

Hallway 
Stairs rising to first floor, two built in cupboards under the stairs and access to:

Lounge Area 12' 4" Max x 10' 10" Max ( 3.76m Max x 3.30m Max )
Two double glazed windows to front aspect, radiator, gas fire and original coving.

Dining Area 12' 3" x 10' 4" ( 3.73m x 3.15m )
Double glazed window to rear aspect, gas fire, radiator and built in cupboards in alcoves.

Kitchen 12' 7" Max x 8' 7" Max ( 3.84m Max x 2.62m Max )
Fitted with base level units with complementary work surface over, sink unit, spaces for cooker, washing machine and dishwasher, vinyl floor tiles, wall mounted boiler and double glazed windows to side and rear aspect.

First Floor 

Landing 
Doors providing access to:

Bedroom One 16' 2" Max x 11' ( 4.93m Max x 3.35m )
Two double glazed windows to front aspect and radiator.

Bedroom Two 12' 5" x 10' 3" Max ( 3.78m x 3.12m Max )
Double glazed window to rear aspect, radiator and fitted wardrobes.

Bedroom Three 9' 1" x 9' ( 2.77m x 2.74m )
Double glazed window to rear aspect, radiator and exposed floorboards.

Bathroom 
Fitted with a three piece suite comprising bath, wash hand basin, WC, radiator and double glazed window to side aspect.

Outside 

Front Forecourt 
Paved path leading to front entrance.

Rear Garden 
Enclosed with area laid to lawn, patio area, outside WC, greenhouse and wooden shed to remain.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Allen & Harris, Roath

029 2271 5121

Next Steps?

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