5 Bed Semi-Detached House, Refurb/BRRR, Merthyr Tydfil, CF47 8SN, £240,000

Lancaster Villas, Merthyr Tydfil, CF47 8SN - 3 views - a year ago

Sold STC
Refurb/BRRR
~178 m²
+9 photos

ValuationUndervalued

Sold Prices£290K - £540K
Sold Prices/m²£1.7K/m² - £3.1K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.3K/m²

Value Estimate

£252,500
BMV1%

 

 

End Value (After Refurb)

£265,567

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£72,626

Bridging Loan Interest

£6,300

Total Cash In

£149,376

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£265,567

Mortgage (After Refinance)

£199,175

Mortgage LTV

75%

Cash Released

£19,175

Cash Left In

£130,200

Equity

£66,392

Rent Range

£600 - £750,173

Rent Estimate

£775

Running Costs/mo

£1,005

Cashflow/mo

£-230

Cashflow/yr

£-2,759

Gross Yield

4%

Local Sold Prices

12 sold prices from £290K to £540K, average is £397.5K. £1.7K/m² to £3.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£330K10/220 mi29, Lancaster Villas, Merthyr Tydfil CF47 8SN5
£300K06/230.11 mi24, West Grove, Merthyr Tydfil CF47 8HJ5
£435K06/230.14 miHaddington, 21, The Grove, Merthyr Tydfil CF47 8YR5
£460K10/220.41 miAlpine Lodge, Queens Road, Merthyr Tydfil CF47 0HG5
£290K07/220.42 miGlasfryn, Queens Road, Merthyr Tydfil CF47 0HE5
£425K12/220.49 mi2, Thomastown Gardens, Merthyr Tydfil CF47 0HZ5
£370K11/201.05 mi62, Lakeside Gardens, Merthyr Tydfil CF48 1EW5
£520K03/211.33 miBryn-onen, Vaynor Lane, Cefn Coed, Merthyr Tydfil CF48 2HE5
£335K11/201.42 miFairways, Heol Y Mynydd, Cefn Coed, Merthyr Tydfil CF48 2NQ5
£320K08/211.81 mi47, The Hawthorns, Pant, Merthyr Tydfil CF48 2EJ5
£442K05/211.87 mi4, Graig Close, Abercanaid, Merthyr Tydfil CF48 1RA5
£540K02/232.88 mi15, Castell Morlais, Pontsticill, Merthyr Tydfil CF48 2YB5

Local Rents

11 rents from £600/mo to £750.2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£65003/240.08 miDane Street, Merthyr Tydfil3
£1,20001/250.3 mi-3
£60003/240.32 miThe Grawen3
£75003/240.33 miTramroad Terrace, Merthyr Tydfil3
£72503/240.35 miOak Road, Merthyr Tydfil3
£750,17311/230.37 miTrevethick Street, Merthyr Tydfil, CF47 0HX3
£75003/240.5 miBaden Terrace, MERTHYR TYDFIL3
£80010/240.51 mi-3
£2,10004/240.52 miPenderyn Close, Ynsfach, Merthyr Tydfil6
£85003/240.54 miPandy Close, MERTHYR TYDFIL3
£80003/240.61 miAlma Street, Merthyr Tydfil, 3

Local Area Statistics

Population in CF47

21,952

Population in Merthyr Tydfil

48,950

Town centre distance

1.27 miles away

Nearest school

0.30 miles away

Nearest train station

0.55 miles away

 

 

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+48%

Property History

Price changed to £240,000

December 7, 2024

Price changed to £250,000

September 9, 2024

Listed for £270,000

December 26, 2023

Floor Plans

Description

  • Council Tax Band C +
  • No onward chain +
  • Great investment opportunity +
  • Front and rear garden +
  • Sought after location +
  • Over three floors +

SUMMARY
A great investment opportunity or family home in Merthyr Tydfil. Set in a sought after location close to local amenities and transport links being sold with no onward chain. Early viewing highly recommended.

DESCRIPTION
A five bedroom semi-detached property in a sought after location in Merthyr Tydfil, being sold with no onward chain. In need of some modernisation, this is a great opportunity to put your stamp on the property.

The ground floor consists of a hall, living/dining room, sitting room,kitchen,conservatory and W.C. To the first floor are three bedrooms and family bathroom and to the second floor are two bedrooms. To the rear of the property is a enclosed low maintenance garden.

Set in a great location in Merthyr Tydfil, close to transport links such as the A 465 Heads of the Valleys road, popular bus routes and Merthyr Tydfil train station. The property is also within close proximity to Merthyr Town Centre, Rhydcar Leisure Park, Cyfarthfa Retail Park and Bike Park Wales.

Viewing is highly recommended to appreciate all the potential this property has to offer.

Hall  
Doors to living/dining room, door to sitting room and stairs to first floor.

Living/dining Room  

Living Area 11' 4" Plus bay window x 13' 2" Max ( 3.45m Plus bay window x 4.01m Max )
Bay window to front. Fireplace.

Dining Area 13' 1" Max x 10' 8" Max ( 3.99m Max x 3.25m Max )
Patio doors to conservatory. Fireplace.

Sitting Room 12' 4" Min x 10' 8" Max ( 3.76m Min x 3.25m Max )
Cupboard. Window to side. Door to kitchen.

Kitchen 11' 2" Max x 9' 1" Max ( 3.40m Max x 2.77m Max )
Fitted cupboards. Window to side.

Landing 
Doors to bedroom 1,3,4 and bathroom and stairs to second floor.

Bedroom 1 10' 7" Plus bay window x 17' 7" Max ( 3.23m Plus bay window x 5.36m Max )
Bay windows to front. Fireplace.

Bedroom 2 14' 7" Max x 10' 1" Max ( 4.45m Max x 3.07m Max )
Restricted head height. Window to side.

Bedroom 3 13' 1" Max x 10' 8" Max ( 3.99m Max x 3.25m Max )
Window to side. Fireplace.

Bedroom 4 7' 8" Max x 10' 8" Max ( 2.34m Max x 3.25m Max )
Window to rear. Fireplace.

Bedroom 5 10' 8" Max x 6' 8" Max ( 3.25m Max x 2.03m Max )
Window to front. Restricted head height.

Outside W.C 
Toilet.

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, Merthyr Tydfil

01685 701136

Next Steps?

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