2 Bed Flat, Refurb/BRRR, Cardiff, CF24 2PH, £125,000

Carlisle Street, Splott, Cardiff, CF24 2PH - 1 views - 10 days ago

Refurb/BRRR
ROI: 6%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£88K - £255K
Sold Prices/m²£1.3K/m² - £19.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£128,750
BMV3%

 

 

End Value (After Refurb)

£163,183

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Refurb Costs

£27,830

Bridging Loan Interest

£3,281

Total Cash In

£71,562

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£163,183

Mortgage (After Refinance)

£122,387

Mortgage LTV

75%

Cash Released

£28,637

Cash Left In

£42,925

Equity

£40,796

Rent Range

£750 - £2,500

Rent Estimate

£1,132

Running Costs/mo

£756

Cashflow/mo

£376

Cashflow/yr

£4,508

ROI

6%

Gross Yield

11%

Local Sold Prices

35 sold prices from £88K to £255K, average is £133K. £1.3K/m² to £19.3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£130K07/210.03 miFirst Floor Flat, 54, Moorland Road, Cardiff CF24 2LN2
£150K09/220.03 miFirst Floor Flat, 54, Moorland Road, Cardiff CF24 2LN2
£116K07/210.24 mi55, Cecil Street, Roath, Cardiff CF24 1NW2
£132.5K03/210.24 mi121a, Railway Street, Cardiff CF24 2NA2
£242.5K03/210.3 mi58, Richards Terrace, Cardiff CF24 1RX2
£95K12/200.32 mi33, Helen Place, Cardiff CF24 1NS2
£150K06/210.35 mi224b, Newport Road, Cardiff CF24 1DN2
£167.5K06/230.38 mi148b, Splott Road, Cardiff CF24 2DD2
£134K05/210.4 mi18b, Sapphire Street, Cardiff CF24 1PZ2
£120K02/210.41 mi17, Deemuir Square, Cardiff CF24 2QX2
£115K11/200.43 mi33a, Carlisle Street, Cardiff CF24 2DQ2
£202K07/230.57 miFlat 6, Princes Mansions, Princes Street, Cardiff CF24 3PS2
£170K11/220.59 mi6, De Bawdrip Road, Cardiff CF24 2TN2
£185K12/220.64 mi44, Ffordd Nowell, Penylan, Cardiff CF23 9FA2
£255K06/210.68 mi20e, Wordsworth Avenue, Cardiff CF24 3FR2
£115K06/230.68 mi101, Moorhead Close, Splott, Cardiff CF24 5FD2
£97.5K06/210.68 mi110, Moorhead Close, Splott, Cardiff CF24 5FD2
£117K06/210.68 mi63, Beaufort Square, Cardiff CF24 2TT2
£130K06/210.68 mi117, Beaufort Square, Cardiff CF24 2TT2
£115K10/200.68 mi103, Beaufort Square, Cardiff CF24 2TT2
£120K11/210.69 mi105, Beaufort Square, Cardiff CF24 2TT2
£88K08/210.7 mi18, Moorhead Close, Splott, Cardiff CF24 5FB2
£155K01/210.72 mi66, Doe Close, Penylan, Cardiff CF23 9HJ2
£165K04/210.72 mi60, Doe Close, Penylan, Cardiff CF23 9HJ2
£110K06/230.73 mi171, Beaufort Square, Cardiff CF24 2TX2
£137.5K09/220.78 mi91, Cwrt Boston, Cardiff CF24 2SF2
£133K10/210.78 mi95, Cwrt Boston, Cardiff CF24 2SF2
£137K11/220.81 mi21, Cwrt Coles, Cardiff CF24 2RY2
£163K02/210.82 mi106, Claude Road, Cardiff CF24 3QD2
£110K07/210.83 mi53, Glan Rhymni, Splott, Cardiff CF24 2TW2
£119K10/200.83 mi87, Glan Rhymni, Splott, Cardiff CF24 2TW2
£119K03/210.83 mi43, Glan Rhymni, Splott, Cardiff CF24 2TW2
£215K03/210.86 mi42a, Marlborough Road, Cardiff CF23 5BX2
£205K10/200.88 mi37, Kimberley Road, Cardiff CF23 5DJ2
£157K01/230.97 mi4a, Bangor Street, Cardiff CF24 3LR2

Local Rents

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

RentDateDistanceAddressBeds 
£1,10012/240.04 miWilson street, Splott2
£1,10003/240.05 mi-2
£1,10003/250.05 mi-2
£1,10012/240.05 miMoorland Road, Cardiff, CF242
£1,15012/240.07 miMoorland Mews, Moorland Road, Splott, Cardiff, CF242
£1,20012/240.09 miRailway Street, Cardiff(City), CF242
£1,15001/250.15 mi-2
£92503/240.17 mi-2
£1,02501/250.17 mi-2
£1,00012/240.18 mi-2
£1,08903/240.18 mi-2
£99903/250.18 mi-2
£1,08912/240.18 miCoveny Street, Cardiff, CF242
£1,20003/240.23 mi-2
£1,20012/240.23 miSpring Gardens Terrace, Cardiff, CF242
£1,00012/240.25 miBroadway, CARDIFF2
£1,00012/240.25 miBroadway, CARDIFF2
£1,00012/240.25 miBroadway, Cardiff2
£1,35012/240.25 miSpring Gardens Place, Splott2
£1,10012/240.28 miTyler Street, CARDIFF2
£1,10003/250.29 mi-2
£2,50012/240.3 mi-2
£1,85012/240.3 mi-2
£1,10012/240.3 miNewport Road, CARDIFF2
£75012/240.3 miFlat 3 - Splott Road, Splott, Cardiff2
£1,10012/240.3 miSplott Road, Splott2
£90012/240.31 mi-2
£95002/250.31 mi-2
£95003/250.31 mi-2
£1,20001/240.32 mi-2
£1,55012/240.32 mi-2
£1,15001/250.32 mi-2
£1,15002/250.32 mi-2
£97512/240.32 miHarlequin Court, Newport Road2
£1,20012/240.33 miRuby Street, Cardiff2
£1,95002/250.34 mi-2
£1,00012/240.34 miMarion Street, CARDIFF2
£89512/240.35 mi-2
£1,00012/240.36 miStacey Road, CARDIFF2
£1,10012/240.37 miDiamond Street, Roath, Cardiff, CF242
£78012/240.37 miGrosvenor House, Cardiff2
£1,19512/240.39 mi-2
£1,00012/240.39 miMeredith Road, CARDIFF2
£1,10012/240.4 miNewport Road, Roath2
£1,10012/240.4 miGeorge Court, Roath2
£1,10002/250.4 mi-2
£90002/250.4 mi-2
£1,15001/240.41 mi-2
£1,05012/240.43 miNewport Road, Cardiff2
£1,00012/240.43 miNewport Road, CARDIFF2

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

2.15 miles away

Nearest school

0.30 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £125,000

March 10, 2025

Floor Plans

Description

  • Ground floor flat +
  • Two bedrooms +
  • Garden +
  • Separate kitchen +
  • Share of freehold +
  • Extended lease on completion +
  • No onward chain +

Presenting a ground floor two bedroom flat for sale, perfect for first-time buyers and investors alike. This property, though in need of some modernisation, carries a wealth of potential and opportunity.

The property features a welcoming reception room and a functional kitchen. The dwelling boasts two double bedrooms, one of which is adorned with a charming bay window, promising ample natural light and a unique aesthetic charm. The bathroom provides a blank canvas for the new owners to design as per their liking.

One of the hallmark features of this house is its strategic location. Positioned close to the city centre, it offers residents easy access to public transport links and local amenities, ensuring convenience and connectivity are never compromised.

This property also offers some unique features, including a private garden, a rarity for city properties, perfect for those who appreciate outdoor spaces.

In summary, this spacious abode provides an excellent opportunity for those looking to invest or take their first step onto the property ladder. Its unique features paired with its superb location make it a highly desirable property. While it may need some modernisation, the potential it holds is undeniable. A viewing is highly recommended to fully appreciate what this property has to offer.

Share of freehold

Current lease 99 years 14/08/1990. We have been informed by the vendor that this will be extended on completion.

Agent Details

Moginie James, Roath

029 2271 0655

Next Steps?

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