2 Bed Semi-Detached House, Single Let, Neath, SA11 5AW, £46,000
74 High Street, Glynneath, Neath SA11 5AW - 7 views - a month ago
BTL
ROI: 30%
69 m²
ValuationUndervalued
History
Listed for £46,000
April 19, 2024
Description
GUIDE PRICE - £46,000 + +
Bidding opens Monday 29th April 2024 at 12:00 and closes Wednesday 1st May 2024 at 12:00.
Semi Detached House - Residential Investment
An investment opportunity to acquire a generous sized two bedroom semi detached property which is currently let at £450 p/c/m, therefore producing a gross annual income of £5,400 per annum. Access to the house can be gained from the rear of the High Street next to Glynneath Social Club. The property benefits from double glazed (UPVC) fenestration and gas central heating (not tested) therefore providing an ideal turnkey investment.
The house is located within Glynneath, which benefits from a number of local shops, school and other amenities whilst also providing excellent access to the A465 Heads of the Valleys Road, M4 and the Brecon Beacons National Park. Ground Floor Hallway, lounge, kitchen/breakfast room. First Floor Landing, two double bedrooms, bathroom. Outside Low maintenance frontage and enclosed courtyard and timber shed. (We understand that legal access has been put in place at the front of the property, for the social club to access a boiler house when needed for maintenance purposes-please refer to the legal pack for confirmation.) Tenancies We are advised that the property is currently let at £450 per calendar month, therefore producing an annual income of £5,400 per annum. Viewings Via our partner agents Clee, Tomkinson & Francis on Tenure Advised Freehold (please refer to the legal pack for clarification)
Tenure: See Legal Pack
Administration Fee: 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Agent Details
Auction House, Wales
01633 603791
Next Steps?
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Stats
Population in SA11
36,618
Population in Neath
66,689
Town centre distance
7.71 miles away
Nearest school
0.10 miles away
Nearest train station
6.24 miles away
Rental growth (12m)
+22%
Sales demand
Balanced market
Capital growth (5yrs)
+18%
Cashflows
Cash In
Deposit (25%)
£11,500
Stamp duty & legals
£2,580
Total cash in
£14,080
Cash Out
Rent range
£675 - £2,465
Rent estimate
£644
Running costs/mo
£293
Cashflow/mo
£351
Cashflow/yr
£4,212
ROI
30%
Gross yield
17%
Local Rents
6 rents
Rent
Date
Distance
Address
Beds
Type
£845
12/23
0.14 mi
-
3
Terraced House
£700
02/24
0.18 mi
High Street, Glynneath
2
Flat
£895
01/24
0.48 mi
-
3
Semi-Detached House
£825
07/23
0.73 mi
-
3
Terraced House
£675
02/24
1.16 mi
High Street, Cwmgwrach, NEATH
2
Flat
£2,465
01/24
1.42 mi
-
3
Semi-Detached House
Sold prices
£40K - £220K
Sold prices/m²
£741/m² - £2,526/m²
Square metres
69 m²
Price/m²
£667/m²
Value estimate
£57,500
BMV
25%
Local Sold Prices
17 sold prices
Price
Date
Distance
Address
Price/m²
m²
Beds
Type
£110K
10/21
0.03 mi
112, High Street, Glynneath, Neath, Neath Port Talbot SA11 5AL
£1,170
94
2
Terraced House
£152K
09/23
0.11 mi
11, Whitting Street, Glynneath, Neath, Neath Port Talbot SA11 5DH
-
-
2
Terraced House
£152K
09/23
0.11 mi
11, Whitting Street, Glynneath, Neath, Neath Port Talbot SA11 5DH
-
-
2
Terraced House
£128K
04/23
0.14 mi
20, New Street, Glynneath, Neath, Neath Port Talbot SA11 5AA
£1,524
84
2
Terraced House
£97K
07/23
0.19 mi
21, Woodland Park, Glynneath, Neath, Neath Port Talbot SA11 5AY
-
-
2
Semi-Detached House
£40K
02/21
0.22 mi
11, High Street, Glynneath, Neath, Neath Port Talbot SA11 5BR
£741
54
2
Terraced House
£84.5K
12/19
0.38 mi
3, Gelliceibryn, Glynneath, Neath, Neath Port Talbot SA11 5ED
£1,482
57
2
Detached House
£169K
03/21
0.38 mi
5a, Gelliceibryn, Glynneath, Neath, Neath Port Talbot SA11 5ED
£2,526
67
2
Detached House
£125K
01/21
0.4 mi
3, Waungron, Glynneath, Neath, Neath Port Talbot SA11 5AS
£1,563
80
2
Detached House
£155K
07/23
0.56 mi
24, Ynys Y Nos, Glynneath, Neath, Neath Port Talbot SA11 5LS
£2,455
63
2
Semi-Detached House
£155K
07/23
0.56 mi
24, Ynys Y Nos, Glynneath, Neath, Neath Port Talbot SA11 5LS
£2,455
63
2
Semi-Detached House
£82K
11/19
0.68 mi
11, Pentre Street, Glynneath, Neath, Neath Port Talbot SA11 5EU
£960
85
2
Terraced House
£54.9K
03/21
1.04 mi
32, Empire Avenue, Cwmgwrach, Neath, Neath Port Talbot SA11 5ST
£902
61
2
Semi-Detached House
£130K
01/21
1.22 mi
17, Dunraven Street, Cwmgwrach, Neath, Neath Port Talbot SA11 5PB
£1,140
114
2
Semi-Detached House
£220K
09/22
1.37 mi
9, Maes Y Ceffyl, Cwmgwrach, Neath, Neath Port Talbot SA11 5PJ
-
-
2
Detached House
£137K
02/23
1.41 mi
21, Heol Wenallt, Cwmgwrach, Neath, Neath Port Talbot SA11 5PT
£1,827
75
2
Terraced House
£75K
03/23
1.46 mi
27, Heol Wenallt, Cwmgwrach, Neath, Neath Port Talbot SA11 5PT