2 Bed Terraced House, Refurb/BRRR, Neath, SA11 3JB, £115,000

St. Annes Terrace, Tonna, Neath, SA11 3JB - a year ago

Sold STC
Refurb/BRRR
ROI: 6%
~64 m²
+12 photos

ValuationOvervalued

Sold Prices£79.3K - £370K
Sold Prices/m²£825/m² - £3.1K/m²

 

 

Square Metres

~64.10 m²
Price/m²£1.8K/m²

Value Estimate

£93,500

 

 

End Value (After Refurb)

£118,997

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Refurb Costs

£25,986

Bridging Loan Interest

£3,019

Total Cash In

£66,454

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£118,997

Mortgage (After Refinance)

£89,248

Mortgage LTV

75%

Cash Released

£2,998

Cash Left In

£63,457

Equity

£29,749

Rent Range

£495 - £3,300

Rent Estimate

£930

Running Costs/mo

£578

Cashflow/mo

£352

Cashflow/yr

£4,226

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £79.3K to £370K, average is £128K. £825/m² to £3.1K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£142K11/200.07 mi4, St Annes Drive, Tonna, Neath, Neath Port Talbot SA11 3JU2
£133K09/230.07 mi16, St Annes Drive, Tonna, Neath, Neath Port Talbot SA11 3JU2
£168K05/230.07 mi18, St Annes Drive, Tonna, Neath, Neath Port Talbot SA11 3JU2
£103K07/210.07 mi5, St Annes Drive, Tonna, Neath, Neath Port Talbot SA11 3JU2
£138K02/230.1 mi1, Dolcoed Place, Tonna, Neath, Neath Port Talbot SA11 3GZ2
£128K12/200.11 mi58, Henfaes Road, Tonna, Neath, Neath Port Talbot SA11 3EZ2
£129.9K05/210.13 mi17, Whittington Street, Tonna, Neath, Neath Port Talbot SA11 3JG2
£108K12/200.18 mi27, Park Street, Tonna, Neath, Neath Port Talbot SA11 3JQ2
£115K01/240.18 mi9, Park Street, Tonna, Neath, Neath Port Talbot SA11 3JQ2
£91.5K11/210.23 mi28, Canal Side, Aberdulais, Neath, Neath Port Talbot SA10 8ET2
£80K12/200.24 mi15, Henfaes Road, Tonna, Neath, West Glamorgan SA11 3EX2
£162.5K07/210.37 mi3, Dulais Close, Aberdulais, Neath, Neath Port Talbot SA10 8HA2
£100K07/210.44 mi7, Penscynor, Cilfrew, Neath, Neath Port Talbot SA10 8LF2
£250K02/230.57 mi32, The Pines, Cilfrew, Neath, Neath Port Talbot SA10 8AL2
£140K08/210.58 mi76, Underwood Road, Cadoxton, Neath, Neath Port Talbot SA10 8BY2
£108K05/210.69 mi7, Rosser Terrace, Cilfrew, Neath, Neath Port Talbot SA10 8LH2
£110K06/231 mi113, Llantwit Road, Neath, Neath Port Talbot SA11 3LA2
£103K02/211 mi113, Llantwit Road, Neath, Neath Port Talbot SA11 3LA2
£105K01/231.1 mi10, Digby Road, Neath, Neath Port Talbot SA11 3HY2
£110K09/171.32 mi19, Thorburn Close, Neath, Neath Port Talbot SA11 1RH-
£80K04/211.32 mi5, Thorburn Close, Neath, Neath Port Talbot SA11 1RH2
£97K12/201.35 mi19, Rosser Street, Neath, Neath Port Talbot SA11 3DA2
£145K11/231.35 mi17, Willet Close, Neath, Neath Port Talbot SA11 1RZ2
£130K03/231.35 mi16, Willet Close, Neath, Neath Port Talbot SA11 1RZ2
£128K06/231.35 mi9, Willet Close, Neath, Neath Port Talbot SA11 1RZ2
£135K03/231.41 mi22, Riverside Drive, Neath, Neath Port Talbot SA11 1RX2
£136K02/231.46 mi109, Mackworth Drive, Cimla, Neath, Neath Port Talbot SA11 2QA2
£123K07/231.46 mi95, Mackworth Drive, Cimla, Neath, Neath Port Talbot SA11 2QA2
£155K06/211.47 mi3b, Daphne Road, Neath, Neath Port Talbot SA10 8DH2
£125K05/211.48 mi1, Willow Walk, Cimla, Neath, Neath Port Talbot SA11 3XB2
£160K04/241.48 mi12, Willow Walk, Cimla, Neath, Neath Port Talbot SA11 3XB2
£130K10/221.49 mi50, Castle Drive, Neath, Neath Port Talbot SA11 3UY2
£100K06/211.49 mi31a, Penywern Road, Neath, Neath Port Talbot SA10 7AW2
£195K10/211.53 mi2a, Gilfach Road, Neath, Neath Port Talbot SA10 8EH2
£168K08/211.56 mi28, Castle Drive, Neath, Neath Port Talbot SA11 3UY2
£172K06/211.56 mi33, Castle Drive, Neath, Neath Port Talbot SA11 3UY2
£125K07/231.6 mi19, Gelli Dawel, Neath, Neath Port Talbot SA10 7PW2
£130K01/211.6 mi21, Mackworth Drive, Cimla, Neath, Neath Port Talbot SA11 2BR2
£85K10/231.62 mi28, Greenway Road, Neath, Neath Port Talbot SA11 1HG2
£79.3K01/211.62 mi5, Greenway Road, Neath, Neath Port Talbot SA11 1HG2
£168K09/211.63 mi19, Afan Valley Close, Neath, Neath Port Talbot SA11 3AJ2
£140K02/211.68 mi6, Llys Nedd, Neath, Neath Port Talbot SA10 7PH2
£110K01/241.69 mi5, Bank Side, Neath, Neath Port Talbot SA11 1RY2
£183K06/241.69 mi8, Bilton Road, Neath, Neath Port Talbot SA11 1YU2
£370K01/231.7 mi47, Ffrwd Vale, Neath, Neath Port Talbot SA10 7EN2
£98K05/241.73 mi8, Rectory Road, Neath, Neath Port Talbot SA11 1ET2
£182K10/201.73 mi16, Heol Uchaf, Neath, Neath Port Talbot SA11 3SW2
£98K03/231.73 mi9, Dudley Street, Neath, Neath Port Talbot SA11 1EY2
£117K09/231.73 mi15, Dudley Street, Neath, Neath Port Talbot SA11 1EY2
£120K12/201.73 mi1, Twyn Teg, Neath, Neath Port Talbot SA10 7RN2

Local Rents

56 rents from £495/mo to £3.3K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£1,55003/240.27 mi-2
£1,20002/250.27 mi-2
£1,20003/250.27 mi-2
£1,17506/240.4 mi-3
£3,30012/240.47 miNant Y Glyn, Cilfrew, Neath4
£99509/230.55 mi-4
£1,10012/240.59 miDanygraig Terrace, Cadoxton, NEATH3
£87512/241.02 miIdwal Street, Neath, SA11 3HR3
£99501/241.08 mi-4
£99512/231.08 mi-4
£99512/231.08 mi-4
£85012/241.1 miBeaconsfield Street, NEATH2
£1,10012/241.25 miPark Street, , Neath3
£84508/241.31 mi-2
£84508/241.31 mi-2
£84512/241.31 mi-2
£84512/241.31 mi-2
£79510/241.31 mi-2
£1,35008/241.33 miMaes Yr Hafod, Cadoxton, Neath3
£70012/241.39 mi-2
£70012/241.42 miCastle Drive, Neath3
£74508/241.45 mi-1
£62510/231.45 mi-1
£62508/241.54 miNew Street, Neath1
£65008/241.55 miOrchard Street, NEATH1
£65008/241.59 miGreen Street, Neath, 1
£59508/231.62 mi-1
£75010/241.62 mi-2
£62512/241.64 miLondon Road, Neath1
£65012/241.65 miAlfred Street, NEATH1
£1,10012/241.7 miGround Floor Premises 23 Windsor Road, Neath, SA11 1NB1
£67508/241.71 mi-1
£67508/241.71 mi-1
£49512/241.71 mi-1
£1,29502/251.71 mi-3
£1,25012/231.71 mi-3
£1,25012/231.71 mi-3
£84512/241.72 mi-2
£92512/241.74 miWellfield Avenue, Neath3
£69508/241.77 miLondon Road, Neath, 2
£57512/241.77 miLondon Road, Neath, 1
£90008/241.79 miOsborne Street, NEATH3
£65008/241.8 mi-2
£85008/241.8 mi-2
£85008/241.8 mi-2
£85008/241.8 miPriory Court, Neath, SA102
£95005/241.8 mi-2
£89505/241.8 mi-2
£75012/241.8 mi-3
£87512/241.8 miRidgewood Gardens, Cimla, NEATH2
£72510/241.8 mi-2
£80008/241.81 miElias Street, Neath, Neath Port Talbot.3
£90001/251.81 mi-3
£95002/241.82 mi-3
£92512/241.82 mi-3
£1,15009/231.83 mi-3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

1.09 miles away

Nearest school

0.20 miles away

Nearest train station

1.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £115,000

March 13, 2024

Floor Plans

Description

  • Ideal investment purchase +
  • Being sold with no ongoing chain +
  • Two bedroom mid terrace property +
  • Two reception rooms plus kitchen to ground floor +
  • Two good sized bedroom plus family bathroom to first floor +
  • Located within the sought after village of Tonna +
  • Within walking distance to local amenities +
  • Convenient commuter access to the A465 +
  • Large enclosed rear garden with potential to extend +
  • Viewing highly recommended +

Offered to the market for the first time in over sixty years, this lovingly maintained mid terrace property is now available to purchase with no ongoing chain. Situated in the sought after village of Tonna, the property would make an ideal purchase for a first time buyer or investor.

The property features UPVC double glazing throughout and central heating, making it an ideal option to reside at the property whilst modernising and/or reconstruction takes place.

To the ground floor, the hallway retains an ornate crown molding arch and traditional storm door, with fitted carpet throughout that continues up the stairs to the first floor accommodation. A doorway off the hallway leads into the living room with fitted carpet, an original gas fireplace with back boiler, window the the rear, access to a useful understairs storage cupboard and obscure glazed sliding doors giving access to the front reception room/dining room.
The front reception room has a continuation of fitted carpet flooring, with a window to the front offering light and views of the green.

A doorway off the living room to the rear leads into the kitchen extension. The kitchen has been fitted with a matching range of wooden base and wall mounted units, with a stainless steel sink unit positioned below a window to the side. The kitchen has space for fridge/freezer, plumbing for washing machine, a free standing cooker and benefits from a door to the side providing access out into the garden. 

To the first floor the landing gives access to both bedrooms and the family bathroom. Bedroom one is a large double bedroom, with fitted wardrobe storage, fitted carpet flooring and a window to the front providing light and views over the green. Bedroom two is a generous sized single bedroom with fitted carpet flooring and a window to the front providing light and the same views as bedroom one. 
The large family bathroom has been fitted with a three piece suite comprising; panel bath with electric over shower bath fitted, low level WC and pedestal wash hand basin. There is fitted vinyl flooring, an obscure glazed window to the rear and an airing storage cupboard with sliding panel doors. 

Outside to the front of the property is a well maintained courtyard garden area, with steps and a paved pathway leading to the front door. The courtyard is enclosed by a stone built wall, with a half height wrought iron gate for access. To the rear, the enclosed garden offers a generous concrete patio area, with access to a useful outside toilet, convenient gate access to a neighbouring road and store shed. Small steps beyond the outbuilding lead up to the impressive long level garden, in need of some landscaping and offers a pathway to the end with some mature plants and shrubs at the borders.

Agent Details

Herbert R Thomas, Neath

01639 505122

Next Steps?

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

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