2-bedroom terraced house · SA1 8EQ
Sold STCListed 34 daysAuction 6 Oct · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction - Lot 54 - Flats for Owner Occupation/Investment Bidding opens: 06/10/2026 12:00 Auction scheduled to end: 08/10/2026 15:44 online auction from 6th - 8th October A bay fronted property that was most recently separated into two flats and now requires improvement works.
The property would also suit use as HMO or one spacious family home and offers easy access to Swansea City Centre, Swansea University, and the M4.
The property has been stripped back in readiness for the improvement works to commence however the property benefits from UPVC double glazing and we are informed the roof was replaced a few years ago.
The demand for rental property in the area is strong and the expected rental income for two flats would be in the region of £14,000 -£15,000k per annum.
Ground Floor Communal entrance area Flat 1 Former Entrance, Bedroom, Lounge, Kitchen, Bathroom Flat 2 Stairs to first floor Landing, Former Lounge, Bedroom, Kitchen and Shower room Outside Forecourt and Rear Garden with Yard Area Tenure: Advised Freehold - to be verified by solicitor Tenancies: To be sold with vacant possession but should Let at £15,000 per annum.
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Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 2, Canaan Row, Swansea
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