2 Bed Flat, Potential PLO/LOA, Cardiff, CF10 5GA, £140,000

86 Harrowby Street, Cardiff, CF10 5GA - 9 views - a year ago

Leasehold
Auction
Negative Equity
ROI: 10%
~64 m²
+11 photos

ValuationUndervalued

Sold Prices£104.5K - £375K
Sold Prices/m²£1.9K/m² - £4.8K/m²

 

 

Square Metres

~63.90 m²
Price/m²£2.2K/m²

Value Estimate

£163,817
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£800 - £2,300

Rent Estimate

£991

Running Costs/mo

£656

Cashflow/mo

£335

Cashflow/yr

£4,024

ROI

10%

Gross Yield

8%

Local Sold Prices

50 sold prices from £104.5K to £375K, average is £165K. £1.9K/m² to £4.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£167.5K04/230 mi46, Harrowby Street, Cardiff CF10 5GA2
£123K08/210 mi36, Harrowby Street, Cardiff CF10 5GA2
£140K03/210 mi90, Harrowby Street, Cardiff CF10 5GA2
£120K04/210.12 mi3, Dudley Court, Cardiff CF10 5BQ2
£190K01/230.12 mi61, Judkin Court, Cardiff CF10 5AU2
£233K04/230.12 mi102, Judkin Court, Cardiff CF10 5AX2
£230K01/230.12 mi156, Judkin Court, Cardiff CF10 5AX2
£234.9K10/210.12 mi104, Judkin Court, Cardiff CF10 5AX2
£104.5K12/200.15 mi21, Eleanor Place, Cardiff CF10 5BJ2
£147K05/210.16 mi45, Carlotta Way, Cardiff CF10 5FY2
£152K03/210.16 mi18, Carlotta Way, Cardiff CF10 5FY2
£150K05/210.16 mi15, Carlotta Way, Cardiff CF10 5FY2
£155K10/200.19 mi53, Havannah Street, Cardiff CF10 5SF2
£234K12/200.23 mi163, Havannah Street, Cardiff CF10 5SG2
£290K05/210.23 mi201, Havannah Street, Cardiff CF10 5SG2
£375K03/210.23 mi227, Havannah Street, Cardiff CF10 5SG2
£317.5K12/200.23 mi48, Windsor Esplanade, Cardiff CF10 5BG2
£249.9K04/230.23 mi181, Havannah Street, Cardiff CF10 5SG2
£135K07/210.25 mi202, Taff Embankment, Cardiff CF11 7BP2
£162K12/220.29 mi56, Reresby Court, Cardiff CF10 5NR2
£147.5K04/210.29 mi19, Reresby Court, Cardiff CF10 5NR2
£156.6K09/230.29 mi13, Reresby Court, Cardiff CF10 5NR2
£152K02/210.29 mi49, Reresby Court, Cardiff CF10 5NR2
£165K08/230.29 mi32, Reresby Court, Cardiff CF10 5NR2
£146K06/210.29 mi64, Reresby Court, Cardiff CF10 5NR2
£132.8K04/210.29 mi32, Reresby Court, Cardiff CF10 5NR2
£152.5K10/210.29 mi10, Reresby Court, Cardiff CF10 5NR2
£152.5K02/210.29 mi61, Reresby Court, Cardiff CF10 5NR2
£170K05/210.36 mi106, Jim Driscoll Way, Cardiff CF11 7JR2
£210K03/230.36 mi131, Jim Driscoll Way, Cardiff CF11 7JR2
£178K06/230.36 miFlat 3, Forio House, Ffordd Garthorne, Cardiff CF10 4DD2
£180K10/200.36 miFlat 29, Forio House, Ffordd Garthorne, Cardiff CF10 4DD2
£145K07/210.39 miFlat 9, Amalfi House, Ffordd Garthorne, Cardiff CF10 4DA2
£152K10/200.41 miFlat 16, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£147K02/210.41 miFlat 12, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£170K02/230.41 mi18, Jim Driscoll Way, Cardiff CF11 7JA2
£137K01/210.41 miFlat 1, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£139K10/200.42 miFlat 11, Livorno House, Ffordd Garthorne, Cardiff CF10 4DE2
£170K12/220.43 mi56, Jim Driscoll Way, Cardiff CF11 7JL2
£165K03/230.43 miFlat 55, Rimini House, Ffordd Garthorne, Cardiff CF10 4DH2
£150K04/210.43 miFlat 52, Rimini House, Ffordd Garthorne, Cardiff CF10 4DH2
£172.5K07/230.44 mi91, Jim Driscoll Way, Cardiff CF11 7JN2
£140K12/200.54 mi40 The Granary, Magretian Place, Cardiff CF10 4BR2
£188K02/230.55 mi13 The Granary, Magretian Place, Cardiff CF10 4BR2
£175.5K07/230.55 mi37 The Granary, Magretian Place, Cardiff CF10 4BR2
£165K12/200.57 mi57, Corvette Court, Cardiff CF10 4NN2
£173K10/200.57 mi50, Corvette Court, Cardiff CF10 4NN2
£190K05/230.57 mi50, Corvette Court, Cardiff CF10 4NN2
£177.5K09/210.58 mi113, Henke Court, Cardiff CF10 4EJ2
£188.5K03/210.58 mi117, Henke Court, Cardiff CF10 4EJ2

Local Rents

50 rents from £800/mo to £2.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30003/240 miHarrowby Street, Cardiff(City), CF102
£1,22502/250.02 mi-2
£1,25004/240.03 miPomeroy Street, Cardiff Bay, Cardiff2
£80003/240.04 miHarrowby Place, Cardiff, Cardiff (County of), CF102
£1,15005/240.04 mi-2
£1,15004/240.04 miHunter Street, Cardiff, CF102
£1,10004/240.05 miHunter Street2
£2,30004/240.11 mi-2
£2,30004/240.11 mi-2
£1,35012/240.11 mi-2
£95004/240.11 miHunter Street, Cardiff Bay2
£1,35004/240.11 mi-2
£1,25003/240.12 miJudkin Court, Heol Tredwen,Cardiff,CF102
£1,25003/240.13 miJudkin Court, Oslo House, Century Wgharf2
£1,25003/240.13 miPomeroy Street, Cardiff, Cardiff (County of), CF102
£1,50003/240.13 miAberdare House, Mount Stuart Square, Cardiff2
£1,75005/240.15 miLynton Court, Century Wharf2
£1,20003/240.15 miBute Esplanade, CARDIFF2
£1,00003/240.15 miViceroy Mansions, Cardiff Bay, Cardiff2
£1,05003/250.15 mi-2
£1,00005/240.15 miViceroy Mansions, Cardiff Bay2
£1,75005/240.16 miCapri House, Century Wharf, Cardiff Bay2
£1,27503/250.16 mi-2
£1,20004/240.17 miSt Stephens Mansions, Mount Stuart Square, Cardiff Bay2
£1,39503/240.17 miLisbon House, Century Wharf2
£1,30003/240.18 miHarbour Point , Stuart Street, Cardiff2
£1,40003/240.18 miParis House, Lynton Court Century Wharf2
£1,40004/240.19 miChandlery Way, Cardiff Bay2
£1,25003/240.19 miLynton Court, Capri House, Century Wharf2
£1,20005/240.19 miVienna House, Century Wharf, Cardiff2
£1,15003/240.19 miCentury Wharf Lynton Court, Cardiff Bay, Cardiff, CF102
£1,70005/240.19 miThe Big Windsor, Stuart Street, Cardiff Bay2
£1,70003/240.19 miThe Big Windsor, Stuart Street, Cardiff Bay2
£1,10003/240.19 miSt James Mansions, Mount Stuart Square, Cardiff Bay2
£97502/240.19 mi-2
£97503/250.19 mi-2
£1,60003/240.19 miPenstone Court, Century Wharf, Cardiff2
£1,27503/240.2 miFlorence House, Judkin Court, Century Wharf2
£1,10003/240.2 miVienna House, Penstone Court, Century Wharf2
£1,20005/240.21 miVienna House, Penstone Court, Century Wharf2
£1,20003/240.21 miCadogan House, Cardiff Bay2
£1,10004/240.21 miCadogan House, Cardiff Bay2
£1,20003/240.21 miCadogan House, Cardiff Bay2
£2,25003/240.21 mi-2
£1,85005/240.21 mi-2
£2,25003/240.21 miMount Stuart Square, Cardiff, CF102
£1,85004/240.21 miMount Stuart Square, Cardiff, CF102
£1,30005/240.21 miEmpire House, Cardiff Bay2
£1,30003/240.22 miChandlery Way, Cardiff2
£1,15003/240.23 miFlatholme House, Ferry Court, Prospect Place2

Local Area Statistics

Population in CF10

15,450

Population in Cardiff

357,494

Town centre distance

2.79 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+39%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £140,000

-18%

October 13, 2023

Sold for £164,995

2005

Floor Plans

Description

  • Two bedroom apartment +
  • open plan lounge/kitchen area +
  • Allocated parking space +
  • Electric heating +
  • Good location +
  • No chain. +

Taylors are pleased to offer two bedroom second floor apartment with open plan lounge/kitchen area, two double bedrooms and allocated parking space.
Great location close to Mermaid Quay and good links to M4 and public transport.
Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows 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. This being 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation 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 go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Agent Details

Taylors Estate Agents, Cardiff Bay

029 2002 8235

Next Steps?

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