Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · CF10 5LQ
For saleListed 75 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideal for first time buyers and investors. Property being sold with No Chain. Do not miss out on this this larger than average two bedroom apartment on the third floor.
Located on Mount Stuart Square a stone's throw away from Mermaid Quay with its array of bars, restaurants and water front and the Millennium Centre.This beautifully presented apartment briefly comprises of entrance hallway, large lounge/dining area and separate kitchen area.
Two double bedrooms. Large master with en-suite and a separate family bathroom. The property further benefits from electric heating, video phone entry system and secure allocated parking.
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 90 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 £495 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 Note: Please note that an aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Agent Note: Please note that an aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead. Hallway Carpeted. Ceiling light. Wall mounted electric heater.
Door access to two storage cupboards, one housing the water tank. Access to all rooms. Living/Dining Area (6.2m x 3.66m) Large spacious living/dining area.
Double glazed aluminium windows offering plenty of natural light. Carpeted. Wall mounted electric heater. Ceiling light. Power points. TV aerial socket. Opening to kitchen .
Separate Kitchen (4.32m x 3.1m) Separate modern and contemporary kitchen. Tiled flooring and tiled splack backs. Ceiling lights.
Range of upgraded matching wall and base units with work top surface over. Stand alone fridge/freezer. Stand alone washing machine.
Integrated four ring electric hob with stainless steel extractor hood. Eye level adjacent electric oven and space for microwave. Stainless steel sink with drainer and mixer tap. Power points.
Main Bedroom (5.2m x 4.1m) Good sized double bedroom. Double glazed aluminium windows. Carpeted. Built in double wardrobes. Ceiling light. Wall mounted electric heater. Power points.
Door access to the ensuite bathroom. Ensuite Bedroom (1.98m x 1.96m) Fully tiled throughout. Ceiling spot lights. Walk in shower cubicle. Low level W/C.
Pedestal wash basin with mixer tap and cupboards below. Heated chrome heated towel rail. Vanity mirror. Shaver point. Ceiling extractor fan. Bedroom 2 (3.86m x 2.95m) Good sized second double bedroom.
Carpeted. Ceiling light. Space for wardrobes. Double glazed aluminium windows. Wall mounted electric heater. Power points. Bathroom (2.13m x 2.06m) Fully tiled walls and flooring. Ceiling spot lights.
Panelled bath with shower over. Low level W/C. Pedestal wash hand basin with cupboard space below. Vanity mirror. Chrome heated towel rail. Shaver point. Ceiling extractor fan.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About 34, St Stephens Mansions, Cardiff Bay
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