2 Bed Detached House, Planning Permission, Cardiff, CF24 2QY, £160,000

Tweedsmuir Road, Cardiff, CF24 2QY - 4 months ago

Auction
Planning
ROI: 5%
~68 m²
+15 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Total Cash In

£49,900

 

 

Cash Out

 

Rent Range

£750 - £2,500

Rent Estimate

£896

Running Costs/mo

£699

Cashflow/mo

£197

Cashflow/yr

£2,362

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £133K to £230K, average is £182K. £1.3K/m² to £3.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£147K06/210.18 mi96, Mercia Road, Cardiff CF24 2TE2
£147K06/210.18 mi96, Mercia Road, Cardiff CF24 2TE2
£230K12/210.23 mi13, Florence Street, Cardiff CF24 2PA2
£210K12/200.23 mi6, Florence Street, Cardiff CF24 2PA2
£198K04/230.23 mi10, Florence Street, Cardiff CF24 2PA2
£142.5K11/200.25 mi51, Meredith Road, Cardiff CF24 2SW2
£218K03/230.25 mi208, Railway Street, Cardiff CF24 2NJ2
£201K11/210.26 mi36, Swinton Street, Cardiff CF24 2NU2
£163K04/230.26 mi24, Madoc Road, Cardiff CF24 2TA2
£163K05/210.28 mi27, Seymour Street, Cardiff CF24 2NR2
£148K02/230.28 mi293, Railway Street, Cardiff CF24 2NE2
£210K02/230.3 mi192, Railway Street, Cardiff CF24 2NH2
£227.5K04/210.3 mi179, Moorland Road, Cardiff CF24 2LH2
£192.4K11/220.32 mi11, Taymuir Road, Cardiff CF24 2QL2
£188K11/200.32 mi182, Pearl Street, Cardiff CF24 1RB2
£220K05/230.33 mi27, Spring Gardens Terrace, Cardiff CF24 1QW2
£153K03/210.34 mi4, Willows Avenue, Cardiff CF24 2ST2
£153K03/210.34 mi4, Willows Avenue, Cardiff CF24 2ST2
£142K10/210.34 mi172, Tweedsmuir Road, Cardiff CF24 2RG2
£165K12/200.36 mi29, Spring Gardens Place, Cardiff CF24 1QY2
£185K03/230.36 mi23, Spring Gardens Place, Cardiff CF24 1QY2
£196K07/210.36 mi191, Railway Street, Cardiff CF24 2NB2
£205K05/220.36 miThe Coach House, Arthur Street, Cardiff CF24 1QR2
£210K06/230.38 mi49, Theodora Street, Cardiff CF24 1PB2
£150K05/210.38 mi44, Storrar Road, Cardiff CF24 2RS2
£230K12/200.39 mi35, Burnaby Street, Cardiff CF24 2JX2
£184K08/220.4 mi107, Pearl Street, Cardiff CF24 1PL2
£187.5K12/200.41 mi43, Harold Street, Cardiff CF24 1NZ2
£133K06/210.44 mi82, Whitaker Road, Cardiff CF24 2RL2
£173K03/210.45 mi6, De Havilland Road, Cardiff CF24 2PL2
£167K03/210.45 mi8, Westland Close, Cardiff CF24 2PJ2
£222K12/210.45 mi48, Cecil Street, Cardiff CF24 1NW2
£210K06/230.46 mi13, Fort Street, Cardiff CF24 1QQ2
£185K07/210.46 mi6, Bertram Street, Cardiff CF24 1NX2
£213K06/230.49 mi39, Beckgrove Close, Cardiff CF24 2SE2
£163K03/210.5 mi63, Diamond Street, Cardiff CF24 1NR2
£165K12/200.54 mi7, Sterling Close, Splott, Cardiff CF24 2HB2
£162.5K03/210.54 mi60, Railway Street, Cardiff CF24 2DH2
£221K11/210.61 mi51, Railway Street, Cardiff CF24 2DE2
£165K01/210.63 mi1, Zinc Street, Cardiff CF24 0HG2
£150K09/210.66 mi13, Howard Street, Cardiff CF24 2AX2
£215K08/210.67 mi67, Ffordd Nowell, Penylan, Cardiff CF23 9FB2
£180K01/210.68 mi1, Lead Street, Cardiff CF24 0LJ2
£170K03/210.69 mi2, Gwendoline Street, Cardiff CF24 2AS2
£145K12/200.69 mi19, Gwendoline Street, Cardiff CF24 2AS2
£178.5K05/230.69 mi10, Gwendoline Street, Cardiff CF24 2AS2
£175K02/210.7 mi17, Zinc Street, Cardiff CF24 0HG2
£200K06/230.7 mi20, Asgog Street, Cardiff CF24 2AR2
£220K06/230.73 mi6, Cwrt Coles, Cardiff CF24 2RY2
£150K03/210.73 mi4, Kerrycroy Street, Cardiff CF24 2AQ2

Local Rents

50 rents from £750/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.21 miWilson street, Splott2
£1,10012/240.21 miMoorland Road, Cardiff, CF242
£1,10003/240.21 mi-2
£1,10004/250.21 mi-2
£1,15012/240.24 miMoorland Mews, Moorland Road, Splott, Cardiff, CF242
£1,00012/240.25 miMeredith Road, CARDIFF2
£1,20012/240.27 miRailway Street, Cardiff(City), CF242
£1,15001/240.31 mi-2
£1,08903/240.31 mi-2
£99903/250.31 mi-2
£1,20004/250.31 mi-2
£1,08912/240.31 miCoveny Street, Cardiff, CF242
£1,20003/240.33 mi-2
£1,20012/240.33 miSpring Gardens Terrace, Cardiff, CF242
£1,00004/250.34 mi-2
£1,35012/240.36 miSpring Gardens Place, Splott2
£78012/240.37 miGrosvenor House, Cardiff2
£1,15001/250.37 mi-2
£97504/250.37 mi-2
£92503/240.38 mi-2
£1,02501/250.38 mi-2
£1,30004/250.38 mi-2
£1,20001/240.38 mi-2
£1,55012/240.38 mi-2
£1,15001/250.38 mi-2
£1,15002/250.38 mi-2
£1,15004/250.38 mi-2
£1,00012/240.4 mi-2
£75012/240.41 miFlat 3 - Splott Road, Splott, Cardiff2
£1,10012/240.41 miNewport Road, CARDIFF2
£1,10004/250.42 mi-2
£97512/240.43 miHarlequin Court, Newport Road2
£1,10012/240.44 miSplott Road, Splott2
£1,00012/240.44 miBroadway, CARDIFF2
£1,00012/240.44 miBroadway, CARDIFF2
£1,00012/240.44 miBroadway, Cardiff2
£1,10012/240.46 miTyler Street, CARDIFF2
£1,00012/240.47 miMarion Street, CARDIFF2
£1,95003/250.49 mi-2
£2,50012/240.51 mi-2
£1,85012/240.51 mi-2
£90012/240.51 mi-2
£95002/250.51 mi-2
£92004/250.51 mi-2
£95003/250.52 mi-2
£95012/240.53 miHind Close, Pengam Green, Cardiff2
£1,20012/240.54 miRuby Street, Cardiff2
£2,30004/250.55 mi-2
£1,10012/240.56 miDiamond Street, Roath, Cardiff, CF242
£89512/240.56 mi-2

Property History

Price changed to £160,000

February 20, 2025

Listed for £180,000

December 26, 2024

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Development Plot +
  • Planning Permission Granted +
  • Fantastic Investment Oppotunity +
  • Excellent Travel Links +
  • Council Tax Band E +

SUMMARY
OPPOTUNITY! development plot sold with granted planning permission to redevelop the plot into residential use.

DESCRIPTION
Peter Alan are delighted to offer to the market this substancial plot located on Tweedsmuir Road, Splott. The plot is granted with planning permission to demolish the existing structure to build four purpose built apartments.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

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 PETER ALAN 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

Peter Alan, Roath

029 2271 0570

Next Steps?

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