3 Bed Terraced House, Refurb/BRRR, Cardiff, CF24 2EW, £180,000

Aberystwyth Street, Cardiff, CF24 2EW - 10 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 7%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£153K - £285K
Sold Prices/m²£1.4K/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£185,400
BMV3%

 

 

End Value (After Refurb)

£200,431

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£38,000

Bridging Loan Interest

£4,725

Total Cash In

£96,075

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,431

Mortgage (After Refinance)

£150,323

Mortgage LTV

75%

Cash Released

£15,323

Cash Left In

£80,752

Equity

£50,108

Rent Range

£900 - £2,950

Rent Estimate

£1,479

Running Costs/mo

£942

Cashflow/mo

£537

Cashflow/yr

£6,442

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £153K to £285K, average is £210K. £1.4K/m² to £5.8K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£205K06/210.05 mi31, Aberdovey Street, Cardiff CF24 2ER3
£180K10/210.07 mi16, Singleton Road, Cardiff CF24 2ES3
£166.3K12/200.07 mi30, Singleton Road, Cardiff CF24 2ES3
£260K03/230.13 mi108, Marion Street, Cardiff CF24 2DN3
£285K03/230.13 mi100, Marion Street, Cardiff CF24 2DN3
£205K01/210.14 mi35, Marion Street, Cardiff CF24 2DL3
£228.1K08/230.14 mi55, Marion Street, Cardiff CF24 2DL3
£245K03/230.15 mi46, Habershon Street, Cardiff CF24 2DY3
£186K02/210.17 mi66, Ordell Street, Cardiff CF24 2BB3
£260K06/230.17 mi67, Habershon Street, Cardiff CF24 2DW3
£195K03/230.17 mi47, Habershon Street, Cardiff CF24 2DW3
£153K11/210.18 mi52, Janet Street, Cardiff CF24 2BE3
£232K03/210.18 mi289, Moorland Road, Cardiff CF24 2LJ3
£260K11/210.21 mi3, Farmville Road, Cardiff CF24 2JN3
£250K12/200.24 mi7, University Place, Cardiff CF24 2JU3
£285K03/230.24 mi12, University Place, Cardiff CF24 2JU3
£240K01/210.24 mi12, University Place, Cardiff CF24 2JU3
£220K12/200.25 mi10, Courtenay Road, Cardiff CF24 2JQ3
£200K06/210.26 mi30, Janet Street, Cardiff CF24 2BD3
£175K06/210.26 mi17, Adeline Street, Cardiff CF24 2BH3
£220K12/200.27 mi229, Moorland Road, Cardiff CF24 2LH3
£222.5K12/200.27 mi181, Moorland Road, Cardiff CF24 2LH3
£223K10/210.3 mi8, Railway Street, Cardiff CF24 2DG3
£180K11/200.3 mi22, Railway Street, Cardiff CF24 2DG3
£190K01/210.3 mi20, Railway Street, Cardiff CF24 2DG3
£260K05/230.31 mi36, Eyre Street, Cardiff CF24 2JS3
£232.5K02/230.31 mi38, Eyre Street, Cardiff CF24 2JS3
£260K12/210.33 mi41, Coveny Street, Cardiff CF24 2NN3
£230K04/230.33 mi15, Coveny Street, Cardiff CF24 2NN3
£253.8K04/210.36 mi132, Moorland Road, Cardiff CF24 2LP3
£182K02/230.38 mi79, Moorland Road, Cardiff CF24 2LG3
£226.3K03/210.39 mi24, Pearl Street, Cardiff CF24 1HD3
£255K06/230.41 mi6, Seymour Street, Cardiff CF24 2NQ3
£186K10/210.42 mi53, Meredith Road, Cardiff CF24 2SW3
£220K06/230.43 mi17, Cameron Street, Cardiff CF24 2NW3
£182K04/230.44 mi49, Pearl Street, Cardiff CF24 1PJ3
£221K10/210.44 mi27, Iron Street, Cardiff CF24 0LL3
£175K06/210.45 mi32, Diamond Street, Cardiff CF24 1NR3
£175K02/210.47 mi30, Wilson Street, Cardiff CF24 2NZ3
£210K03/230.48 mi49, Topaz Street, Cardiff CF24 1PG3
£160K10/210.48 mi12, Madoc Road, Cardiff CF24 2TA3
£167K03/210.49 mi7, Muirton Road, Cardiff CF24 2SG3
£167.7K01/210.5 mi22, Constellation Street, Cardiff CF24 0HN3
£173K11/200.5 mi253, Railway Street, Cardiff CF24 2ND3
£195K12/200.5 mi18, Ruby Street, Cardiff CF24 1LN3
£195K04/210.5 mi54, Ruby Street, Cardiff CF24 1LN3
£187K10/220.51 mi23, Mercia Road, Cardiff CF24 2TD3
£210K06/210.51 mi69, Cecil Street, Cardiff CF24 1NW3
£190K11/220.53 mi20, Mervyn Road, Tremorfa, Cardiff CF24 2SS3
£250K04/230.54 mi148, Pearl Street, Cardiff CF24 1PN3

Local Rents

21 rents from £900/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20002/240.01 mi-3
£2,95001/250.08 mi-3
£1,15012/240.12 miHabershon Street, Splott, Cardiff, CF243
£1,40012/240.17 miHabershon Street, Cardiff(City), CF243
£2,60002/240.18 mi-3
£1,50012/240.25 miMoorland Road, Splott3
£1,20012/240.25 miCourtenay Road, CARDIFF3
£2,40003/240.31 mi-3
£2,40012/240.31 mi-3
£1,00002/250.31 mi-3
£1,62012/240.34 miThe Coach House, Carlisle Street, Cardiff3
£1,20012/240.34 miBurnaby Street, Splott, Cardiff, CF243
£90012/230.35 mi-3
£1,20012/240.41 miCarlisle Street, Splott, CF24 2PD3
£1,27502/240.42 mi-3
£1,20003/250.52 mi-3
£1,35012/240.54 miSystem Street, Cardiff , 3
£1,39512/240.55 miHarold Street, Splott3
£1,35012/240.58 miSystem Street, Cardiff(City), CF243
£1,29012/240.62 miMoira Place, Adamsdown, CF24 0ER3
£1,20012/240.62 miMeteor Street, Splott, CF243

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

2.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £180,000

August 29, 2024

Floor Plans

Description

  • Council Tax Band - C +

  • NO CHAIN +

  • WITHIN WALKING DISTANCE TO CARDIFF CITY CENTRE +

  • CLOSE TO BUS ROUTES AND TRAIN STATION +

  • CLOSE TO LOCAL AMENITIES +

  • EXCELLENT COMMUTER LINKS +

  • IN NEED OF COMPLETE REFURBISHMENT +

  • CUL DE SAC LOCATION +

SUMMARY
Welcome to Aberwystwyth Street. This property would make the Perfect First Time Buy or investment with need of modernisation and repair throughout with great potential to add value. Call us today to arrange your viewing.

DESCRIPTION
Peter Alan are delighted to present to the market this mid terraced house on the popular Aberystwyth Street. Sold with NO CHAIN and in need of refurbishment throughout this property is overflowing with potential and would make a fantastic First Time purchase or potential investment. Comprising of entrance hallway leading into double reception rooms knocked into one to through kitchen with ample storage and counter top space along with downstairs family bathroom. The rear garden is generous and contained. To the first floor you will find three good sized bedrooms with room for additional storage

Entrance Hallway 

Lounge/Dining Room 23' 1" max x 13' 7" max ( 7.04m max x 4.14m max )

Kitchen 

Bathroom 

Bedroom One 10' 9" x 13' 1" ( 3.28m x 3.99m )

Bedroom Two 11' 9" max x 7' 7" max ( 3.58m max x 2.31m max )

Bedroom Three 9' 8" x 8' 4" ( 2.95m x 2.54m )

Rear Garden 

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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