3 Bed Terraced House, Single Let, Neath, SA11 1PN, £99,995

Mary Street, Melyn, Neath . SA11 1PN - 5 views - 2 years ago

BTL
ROI: 9%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£62K - £270K
Sold Prices/m²£538/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£110,579
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,999

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,199

 

 

Cash Out

 

Rent Range

£700 - £1,150

Rent Estimate

£700

Running Costs/mo

£472

Cashflow/mo

£228

Cashflow/yr

£2,730

ROI

9%

Gross Yield

8%

Local Sold Prices

48 sold prices from £62K to £270K, average is £104.3K. £538/m² to £3.2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£70.5K12/200.03 mi30, Pendrill Street, Neath, Neath Port Talbot SA11 1BP3
£71.5K12/230.03 mi39, Pendrill Street, Neath, Neath Port Talbot SA11 1BP3
£85K06/210.07 mi7, Brookdale Street, Neath, Neath Port Talbot SA11 1PB3
£115K02/230.07 mi31, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£115K03/210.07 mi48, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£118K01/240.07 mi18, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£83.5K06/210.08 mi67, Pendrill Street, Neath, Neath Port Talbot SA11 1BW3
£95K03/230.11 mi49, Whittington Street, Neath, Neath Port Talbot SA11 1AN3
£119K06/230.12 mi36, Whittington Street, Neath, Neath Port Talbot SA11 1AW3
£112K05/230.13 mi23, Osborne Street, Neath, Neath Port Talbot SA11 1NN3
£128K07/240.14 mi103, Windsor Road, Neath, Neath Port Talbot SA11 1NS3
£130K01/230.15 mi107, Windsor Road, Neath, Neath Port Talbot SA11 1NS3
£90K10/230.15 mi9, Charles Street, Neath, Neath Port Talbot SA11 1NF3
£107K08/230.15 mi21, Briton Ferry Road, Neath, Neath Port Talbot SA11 1AF3
£150K03/230.2 mi28, London Road, Neath, Neath Port Talbot SA11 1LE3
£160K07/230.2 mi48, London Road, Neath, Neath Port Talbot SA11 1LE3
£160K07/230.2 mi48, London Road, Neath, Neath Port Talbot SA11 1LE3
£90K12/200.21 mi7, Ropewalk Terrace, Neath, Neath Port Talbot SA11 1EP3
£103K03/210.21 mi40, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£115K10/230.21 mi43, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£170K11/200.21 mi118, London Road, Neath, Neath Port Talbot SA11 1HL3
£87K09/230.22 mi56, Eastland Road, Neath, Neath Port Talbot SA11 1HY3
£150K09/210.22 mi13, Geoffrey Street, Neath, Neath Port Talbot SA11 1HU3
£130K03/230.23 mi25, Llewellyn Street, Neath, Neath Port Talbot SA11 1EJ3
£103K08/240.23 mi3, Llewellyn Street, Neath, Neath Port Talbot SA11 1EJ3
£72K11/200.24 mi10, George Street, Neath, Neath Port Talbot SA11 1TT3
£62K11/200.25 mi10, Taylors Row, Neath, Neath Port Talbot SA11 1SY3
£89.5K07/210.26 mi51, Danygraig Road, Neath, Neath Port Talbot SA11 1UA3
£87K12/200.27 mi20, Eastland Road, Neath, Neath Port Talbot SA11 1HS3
£147.5K12/230.27 mi15, Eastland Road, Neath, Neath Port Talbot SA11 1HS3
£75K08/210.27 mi16, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£85K03/240.27 mi22, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£92.5K07/210.29 mi42, Greenway Road, Neath, West Glamorgan SA11 1HG3
£100K11/210.29 mi41, Greenway Road, Neath, Neath Port Talbot SA11 1HG3
£140K03/210.29 mi12, Bilton Road, Neath, Neath Port Talbot SA11 1YU3
£103.5K12/200.3 mi4, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£165K04/210.3 mi8, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£78K11/210.3 mi9, Creswell Road, Neath, Neath Port Talbot SA11 1HE3
£270K03/210.3 mi5, Wellfield Square, Neath, Neath Port Talbot SA11 1YY3
£177K10/210.3 mi3, Wellfield Square, Neath, Neath Port Talbot SA11 1YY3
£165K08/210.31 mi24, Hillside, Neath, Neath Port Talbot SA11 1TS3
£105K06/230.31 mi9, Hillside, Neath, Neath Port Talbot SA11 1TS3
£70K06/230.31 mi1, Old Road, Neath, Neath Port Talbot SA11 2BS3
£162.5K05/240.33 mi52, Wellfield Avenue, Neath, Neath Port Talbot SA11 1AX3
£90K01/230.34 mi51, Dalton Road, Neath, Neath Port Talbot SA11 1UG3
£200K03/210.34 mi16, Victoria Gardens, Neath, Neath Port Talbot SA11 3BE3
£95K10/210.37 mi51, Wallace Road, Neath, Neath Port Talbot SA11 1YH3
£77K11/200.37 mi3, Pentwyn, Neath, Neath Port Talbot SA11 1YW3

Local Rents

14 rents from £700/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£90008/240.07 miBrookdale Street, NEATH3
£80008/240.1 miElias Street, Neath, Neath Port Talbot.3
£80012/240.1 mi-3
£90008/240.13 miOsborne Street, NEATH3
£79511/240.13 mi-3
£70009/240.21 mi-3
£79512/240.22 mi-3
£79512/240.22 mi-3
£80012/240.24 miGeorge Street, NEATH3
£75008/240.29 mi-3
£92512/240.35 miWellfield Avenue, Neath3
£84503/250.37 mi-3
£75012/240.46 mi-3
£1,15009/230.48 mi-3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

2.63 miles away

Nearest school

0.40 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £99,995

July 11, 2023

Description

  • MID TERRACED PROPERTY +
  • REASONABLY WELL MAINTAINED +
  • THREE GOOD SIZE BEDROOMS +
  • TWO RECEPTION AREAS +
  • FITTED KITCHEN +
  • MODERN G/FLOOR BATHROOM +
  • GAS CENTRAL HEATING / DOUBLE GLAZING +
  • SMALL REAR GARDEN +
  • NO ONGOING CHAIN +
  • COUNCIL TAX BAND -B +

We are pleased to offer for sale this reasonably well maintained three double bedroom mid terraced property. The accommodation further comprises of entrance hallway, two reception areas, fitted kitchen and modern bathroom suite with separate shower cubicle to the ground floor. The property further benefits from having gas central heating, double glazing and a small rear garden. It is ideal for the first time buyer or buy to let investor and viewing is recommended. EPC Rating : D

Agent Details

Welvan Property Services Ltd, Neath

01639 505056

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪