2 Bed Flat, Refurb/BRRR, Cardiff, CF23 6EU, £125,000

15 Sycamore Court, Woolaston Avenue, Cardiff, CF23 6EU - a month ago

Leasehold
Auction
Refurb/BRRR
ROI: 2%
~68 m²
+7 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£27,830

Bridging Loan Interest

£3,281

Total Cash In

£69,062

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£251,438

Agent Fees (1%)

£2,514

Bridging Loan

£93,750

Bridging Loan Interest

£3,281

Flip Profit

£86,112













Local Rents

25 rents from £950/mo to £2.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10004/240.01 miBirch Court, Woolaston Avenue, Lakeside, Cardiff, CF232
£1,07503/240.03 miWoolaston Avenue, Cardiff, CF232
£1,10004/240.06 miWoolaston Avenue, CARDIFF2
£1,15003/240.12 miClearwater Way, CARDIFF2
£1,15003/240.12 miClearwater Way, CARDIFF2
£1,15003/240.12 miClearwater Way, CARDIFF2
£1,15003/240.12 miClearwater Way, CARDIFF2
£1,15003/240.12 miClearwater Way, CARDIFF2
£1,15003/240.12 miClearwater Way, CARDIFF2
£1,15004/240.12 miClearwater Way, CARDIFF2
£1,15003/240.12 miClearwater Way, CARDIFF2
£1,15003/240.12 miClearwater Way, CARDIFF2
£1,15004/240.12 miClearwater Way, CARDIFF2
£1,15004/240.12 miClearwater Way, CARDIFF2
£1,15004/240.12 miClearwater Way, CARDIFF2
£2,60012/240.12 mi-2
£1,00003/240.19 miJames Court, Celyn Avenue, Cyncoed2
£95004/240.34 miHighfield Road, Roath Park, Cardiff, CF232
£1,00003/240.47 miHeath Halt Court, Heath, Cardiff, CF232
£1,20004/240.5 miDuffryn Close, CARDIFF2
£1,20004/240.5 miDuffryn Close, Cyncoed2
£1,20004/240.5 miDuffryn Close, Heath2
£1,25002/250.53 mi-2
£1,05005/240.54 miLakelands Court, Rhydypenau Road, Cardiff2
£97512/240.6 mi-2

Local Area Statistics

Population in CF23

46,988

Population in Cardiff

357,494

Town centre distance

1.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Listed for £125,000

February 17, 2025

Description

FOR SALE BY PUBLIC AUCTION: The auction will take place online on 18th March 2025 at 04:12 PM with registration through our website.

Ground floor two double bedroom apartment with private garden and store in this popular location. In need of modernisation.

Description
Two double bedroom ground floor apartment located in the sought after area of Lakeside in Cardiff. Situated on Woolaston Avenue just around the corner from Lakeside Primary School and within Cardiff High School catchment.

The building is of brick and render construction with a recently renewed flat roof above and benefits from uPVC windows throughout. The apartment has been kept in good order but is dated and would benefit from complete modernisation but would then make an ideal investment or apartment for an owner occupier.

Outside there is also a private rear garden for the flat, as well as access to the communal garden beyond. There is also a useful storage cupboard to the rear.

We understand there will be a new 125 year lease in place for completion but please examine the legal pack for further confirmation and detail.

Please see the full 3D VR walkthrough once available.

Accommodation
GF: Hall, storage cupboard, sitting room, separate kitchen, two double bedrooms and bathroom
OS: Private garden, Communal garden and store

Informed Leasehold please refer to legal pack for verification of tenure

Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Further Information
Auctioneers Office, Seel and Co

Viewing
Viewing by appointment with Seel and Co

Agent Details

Seel & Co Ltd, Cardiff - Auctions

029 2271 6399

Next Steps?

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