2 Bed Terraced House, Refurb/BRRR, Cardiff, CF24 1RH, £150,000

The Court, Newport Road, Roath, Cardiff, CF24 1RH - 4 views - 4 months ago

Under Offer
Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£148K - £342.5K
Sold Prices/m²£1.5K/m² - £6.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£170,690
BMV1%

 

 

End Value (After Refurb)

£217,230

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (28%)

£42,250

Stamp Duty & Legal Fees

£6,270

Refurb Costs

£27,830

Bridging Loan Interest

£4,436

Total Cash In

£82,537

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£217,230

Mortgage (After Refinance)

£162,922

Mortgage LTV

75%

Cash Released

£36,172

Cash Left In

£46,364

Equity

£54,307

Rent Range

£620 - £2,500

Rent Estimate

£1,176

Running Costs/mo

£934

Cashflow/mo

£242

Cashflow/yr

£2,904

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £148K to £342.5K, average is £210K. £1.5K/m² to £6.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£210K06/230.19 mi13, Fort Street, Cardiff CF24 1QQ2
£185K07/210.27 mi6, Bertram Street, Cardiff CF24 1NX2
£205K05/220.28 miThe Coach House, Arthur Street, Cardiff CF24 1QR2
£187.5K12/200.28 mi43, Harold Street, Cardiff CF24 1NZ2
£210K06/230.29 mi49, Theodora Street, Cardiff CF24 1PB2
£206.5K03/210.31 mi12, Cottrell Road, Roath, Cardiff CF24 3EY2
£246K03/230.33 mi135, Cyfarthfa Street, Cardiff CF24 3HH2
£252K06/230.33 mi140, Cyfarthfa Street, Cardiff CF24 3HH2
£165K12/200.33 mi29, Spring Gardens Place, Cardiff CF24 1QY2
£185K03/230.33 mi23, Spring Gardens Place, Cardiff CF24 1QY2
£224K04/210.33 mi9, Stallcourt Close, Cardiff CF23 5EB2
£190K06/210.33 mi15, Stallcourt Close, Cardiff CF23 5EB2
£245K01/230.33 mi10, Stallcourt Close, Cardiff CF23 5EB2
£190K12/200.33 mi12, Stallcourt Close, Cardiff CF23 5EB2
£265K06/230.33 mi4, Stallcourt Close, Cardiff CF23 5EB2
£188K11/200.33 mi182, Pearl Street, Cardiff CF24 1RB2
£342.5K06/230.34 mi3, Deri Close, Cardiff CF23 5EA2
£222K12/210.34 mi48, Cecil Street, Cardiff CF24 1NW2
£220K05/230.35 mi27, Spring Gardens Terrace, Cardiff CF24 1QW2
£212.5K03/210.35 mi74, Cottrell Road, Roath, Cardiff CF24 3EZ2
£248.2K08/210.37 mi109, Arran Street, Cardiff CF24 3HU2
£277K07/230.37 mi144, Arran Street, Roath, Cardiff CF24 3HU2
£148K02/230.37 mi293, Railway Street, Cardiff CF24 2NE2
£215K08/210.37 mi67, Ffordd Nowell, Penylan, Cardiff CF23 9FB2
£184K08/220.38 mi107, Pearl Street, Cardiff CF24 1PL2
£230K02/210.38 mi29, Croft Street, Cardiff CF24 3DZ2
£245.5K07/230.39 mi119, Cyfarthfa Street, Cardiff CF24 3HG2
£210K01/210.39 mi48, Upper Kincraig Street, Roath, Cardiff CF24 3HB2
£218.9K12/200.4 mi137, Treharris Street, Cardiff CF24 3HP2
£218K03/230.4 mi208, Railway Street, Cardiff CF24 2NJ2
£210K02/230.41 mi192, Railway Street, Cardiff CF24 2NH2
£215K02/210.41 mi96, Keppoch Street, Cardiff CF24 3JU2
£203K12/200.41 mi133, Keppoch Street, Cardiff CF24 3JU2
£290K02/230.41 mi108, Cottrell Road, Roath, Cardiff CF24 3EX2
£163K03/210.41 mi63, Diamond Street, Cardiff CF24 1NR2
£210K12/200.42 mi6, Florence Street, Cardiff CF24 2PA2
£198K04/230.42 mi10, Florence Street, Cardiff CF24 2PA2
£196K07/210.42 mi191, Railway Street, Cardiff CF24 2NB2
£230K12/210.43 mi13, Florence Street, Cardiff CF24 2PA2
£179K10/210.43 mi22, Lily Street, Cardiff CF24 3EB2
£215K11/210.43 mi2, Lily Street, Cardiff CF24 3EB2
£250K07/230.44 mi1, Clive Place, Cardiff CF24 3EE2
£252.5K07/230.45 mi59, Cyfarthfa Street, Cardiff CF24 3HF2
£232K06/210.45 mi87, Treharris Street, Cardiff CF24 3HL2
£198K03/210.45 mi88, Treharris Street, Cardiff CF24 3HL2
£207K04/230.45 mi39, Plasnewydd Road, Cardiff CF24 3GN2
£205K03/230.46 mi116, Strathnairn Street, Cardiff CF24 3JP2
£206K04/210.46 mi142, Strathnairn Street, Cardiff CF24 3JQ2
£200K12/200.46 mi10, Plasnewydd Road, Cardiff CF24 3EN2
£224K10/210.47 mi91, Colchester Avenue, Penylan, Cardiff CF23 9AY2

Local Rents

52 rents from £620/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,45012/240.03 mi-2
£1,45012/240.03 mi-2
£1,45012/240.03 mi-2
£1,25012/240.03 mi-2
£1,25012/240.03 mi-2
£1,25012/240.03 mi-2
£1,06002/250.03 mi-2
£1,00012/240.03 miNewport Road, CARDIFF2
£1,05012/240.06 miNewport Road, Cardiff2
£1,10012/240.07 miGeorge Court, Roath2
£1,10012/240.07 miNewport Road, Roath2
£1,19512/240.09 mi-2
£1,15012/240.15 miNewport Road, Roath2
£1,00012/240.16 miStacey Road, CARDIFF2
£1,15012/240.16 miCentral Court, Roath2
£1,95002/250.18 mi-2
£1,10012/240.19 miTyler Street, CARDIFF2
£1,40012/240.2 mi-2
£1,40012/240.2 miRoath, Cardiff, CF242
£1,00012/240.21 miBroadway, Cardiff2
£1,00012/240.21 miBroadway, CARDIFF2
£1,00012/240.21 miBroadway, CARDIFF2
£1,20012/240.22 miNewport Road, Roath2
£1,20012/240.22 miNewport Road, Roath2
£1,20012/240.22 miNewport Road, Roath2
£62003/240.22 miMarlborough Road, Cardiff, Cardiff (County of), CF232
£2,50012/240.22 mi-2
£1,85012/240.22 mi-2
£1,45012/230.23 mi-2
£1,30003/240.24 miMarlborough Road 2
£1,45002/240.25 mi-2
£1,10003/250.26 mi-2
£1,15002/240.27 mi-2
£1,45012/240.27 miOakfield Street, Cardiff2
£1,15012/240.27 miAlbany Road, Cardiff2
£1,30005/240.27 miMarlborough Road, Roath, Cardiff2
£1,30005/240.27 miMarlborough Road, Roath, Cardiff2
£1,10012/240.28 miConnaught Road, Cardiff, CF24 3PX2
£97512/240.29 miHarlequin Court, Newport Road2
£1,39512/240.29 miPartridge Road, Cardiff, CF242
£1,39512/240.29 mi-2
£1,39512/240.29 mi-2
£1,10012/240.29 miNewport Road, CARDIFF2
£97512/240.3 miPartridge Road, Cardiff(City), CF242
£1,10012/240.3 miPartridge Road, CARDIFF2
£95012/240.3 miPartridge Road, Cardiff(City), CF242
£94012/240.3 miClaude Road, Roath, Cardiff2
£89512/240.33 mi-2
£1,35012/240.33 miSpring Gardens Place, Splott2
£1,15001/250.33 mi-2
£1,10012/240.33 miClaude Road, Cardiff2
£1,00012/240.33 mi-2

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

1.71 miles away

Nearest school

0.10 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Price changed to £150,000

January 27, 2025

Price changed to £160,000

January 15, 2025

Listed for £169,000

November 13, 2024

Floor Plans

Description

  • Ground floor +
  • Terrace +
  • NO CHAIN +
  • 2 Bedroom +
  • Parking +

RARE TO THE MARKET is this ground floor , two double bedroom apartment for sale. Located a short walk from Cardiff city centre, this property offers well proportioned rooms and outside space courtesy of a private terrace. The accommodation briefly comprises of a spacious hall, separate kitchen, two double bedrooms, WC, bathroom, and large living room with access to the terrace. The property is in need of modernisation but offers lots of potential.
The property further benefits from parking & NO ONWARD CHAIN.

Hall -

Kitchen - 2.77m x 2.64m (9'1" x 8'8") -

Lounge - 4.11m x 5.56m (13'6" x 18'3") -

Terrace -

Bedroom 1 - 4.04m x 3.56m (13'3" x 11'8") -

Bedroom 2 - 3.28m x 3.56m (10'9" x 11'8") -

Bathroom -

Wc -

Parking - On site parking

Tenure - Leasehold, with a 999 year lease from 2010, with a share of the freehold, but this is to be confirmed by a buyers solicitor

Council Tax - Band D

Service Charge - We have been informed the annual service charge is £1500, but this is to be confirmed by your solicitor

A fantastic sized ground floor apartment with outside space

Agent Details

Jeffrey Ross, Roath

029 2271 1467

Next Steps?

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