3 Bed Semi-Detached House, Single Let, Neath, SA11 2PY, £88,000

Herne Street, Neath, SA11 2PY - 1 views - a year ago

Sold STC
BTL
ROI: 15%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£49.5K - £232K
Sold Prices/m²£419/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£946/m²

Value Estimate

£110,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,000

Stamp Duty & Legal Fees

£5,600

Total Cash In

£27,600

 

 

Cash Out

 

Rent Range

£595 - £1,599

Rent Estimate

£795

Running Costs/mo

£454

Cashflow/mo

£341

Cashflow/yr

£4,092

ROI

15%

Gross Yield

11%

Local Sold Prices

51 sold prices from £49.5K to £232K, average is £117.5K. £419/m² to £1.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£133K04/240 mi18, Herne Street, Neath, Neath Port Talbot SA11 2PY3
£78K11/200.06 mi90, Shelone Road, Neath, Neath Port Talbot SA11 2PU3
£232K11/230.08 mi110, Shelone Road, Neath, Neath Port Talbot SA11 2NG3
£118K12/220.08 mi71, Shelone Road, Neath, Neath Port Talbot SA11 2PT3
£85K03/210.08 mi71, Shelone Road, Neath, Neath Port Talbot SA11 2PT3
£127.5K06/240.11 mi66, Rockingham Terrace, Briton Ferry, Neath, Neath Port Talbot SA11 2PH3
£155K11/230.14 mi79, Hunter Street, Briton Ferry, Neath, Neath Port Talbot SA11 2RS3
£105K06/230.14 mi34, Shelone Road, Neath, Neath Port Talbot SA11 2PS3
£120.5K02/230.15 mi3, Jack Y Ddu Road, Neath, Neath Port Talbot SA11 2LT3
£105K05/210.16 mi13, Vernon Street, Neath, Neath Port Talbot SA11 2PE3
£94K06/240.16 mi13, Regent Street West, Neath, Neath Port Talbot SA11 2PL3
£143K07/230.18 mi133, Shelone Road, Neath, Neath Port Talbot SA11 2NE3
£143K07/230.18 mi133, Shelone Road, Neath, Neath Port Talbot SA11 2NE3
£149K04/230.18 mi16, Mansel Street, Neath, Neath Port Talbot SA11 2PD3
£123K05/230.18 mi15, Mansel Street, Neath, Neath Port Talbot SA11 2PD3
£107K02/210.19 mi3, Rockingham Terrace, Briton Ferry, Neath, Neath Port Talbot SA11 2PB3
£49.5K05/210.19 mi161, Neath Road, Briton Ferry, Neath, Neath Port Talbot SA11 2BX3
£82.5K03/230.19 mi49, Hunter Street, Briton Ferry, Neath, Neath Port Talbot SA11 2RP3
£100K04/210.2 mi11, Hoo Street, Neath, Neath Port Talbot SA11 2PA3
£118K05/240.2 mi22, Hoo Street, Neath, Neath Port Talbot SA11 2PA3
£95K12/200.21 mi32, Thomas Street, Neath, Neath Port Talbot SA11 2SB3
£160K07/230.21 mi8, Giants Grave Road, Neath, Neath Port Talbot SA11 2LS3
£160K07/230.21 mi8, Giants Grave Road, Neath, Neath Port Talbot SA11 2LS3
£130K06/230.22 mi3, Brynhyfryd Road, Briton Ferry, Neath, Neath Port Talbot SA11 2HT3
£106K07/240.22 mi181, Neath Road, Briton Ferry, Neath, Neath Port Talbot SA11 2BJ3
£150K07/210.23 miInstow, Church Street, Briton Ferry, Neath, Neath Port Talbot SA11 2JD3
£170K10/230.24 mi55, Church Street, Briton Ferry, Neath, Neath Port Talbot SA11 2JG3
£115K05/240.26 mi31, Middleton Street, Neath, Neath Port Talbot SA11 2NU3
£225K11/220.27 mi16, St Marys Close, Briton Ferry, Neath, Neath Port Talbot SA11 2JU3
£90K10/210.3 mi76, Ruskin Street, Neath, Neath Port Talbot SA11 2LD3
£120K09/230.31 mi16, Glanymor Street, Briton Ferry, Neath, Neath Port Talbot SA11 2LF3
£102K04/240.31 mi7, Glanymor Street, Briton Ferry, Neath, Neath Port Talbot SA11 2LF3
£73K11/230.32 mi30, Shelone Terrace, Briton Ferry, Neath, Neath Port Talbot SA11 2UE3
£154K08/240.32 mi43, Shelone Terrace, Briton Ferry, Neath, Neath Port Talbot SA11 2UE3
£71.5K09/210.33 mi11a, Sand Lane, Briton Ferry, Neath, Neath Port Talbot SA11 2EX3
£175K03/230.34 mi5, Alexander Road, Briton Ferry, Neath, Neath Port Talbot SA11 2SN3
£92.5K09/210.34 mi11, Alexander Road, Briton Ferry, Neath, Neath Port Talbot SA11 2SN3
£125K06/210.34 mi15, Alexander Road, Briton Ferry, Neath, Neath Port Talbot SA11 2SN3
£101.5K12/230.34 mi7, Alexander Road, Briton Ferry, Neath, Neath Port Talbot SA11 2SN3
£87K05/230.39 mi23, Ynysymaerdy Road, Briton Ferry, Neath, Neath Port Talbot SA11 2TE3
£114K04/210.39 mi99, Glanymor Street, Briton Ferry, Neath, Neath Port Talbot SA11 2LG3
£64K09/230.39 mi82, Glanymor Street, Briton Ferry, Neath, Neath Port Talbot SA11 2LG3
£117.5K03/210.4 mi67, Ruskin Street, Neath, Neath Port Talbot SA11 2HY3
£117.5K12/230.42 mi10, Ynysymaerdy Road, Briton Ferry, Neath, Neath Port Talbot SA11 2TF3
£185K06/210.44 mi301, Old Road, Briton Ferry, Neath, Neath Port Talbot SA11 2HA3
£90K11/230.49 mi82, Olive Branch Crescent, Neath, Neath Port Talbot SA11 2UG3
£105K01/240.49 mi84, Olive Branch Crescent, Neath, Neath Port Talbot SA11 2UG3
£168K07/240.5 mi6, Ormond Street, Neath, Neath Port Talbot SA11 2TH3
£150K12/220.51 mi15, Olive Branch Crescent, Neath, Neath Port Talbot SA11 2UH3
£108.5K05/210.51 mi332, Old Road, Neath, Neath Port Talbot SA11 2EY3
£144K02/210.54 mi106, Old Road, Baglan, Port Talbot, Neath Port Talbot SA12 8LL3

Local Rents

21 rents from £595/mo to £1.6K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£84510/240.04 mi-3
£79503/250.16 mi-3
£87501/250.3 mi-3
£94004/250.3 mi-3
£95007/240.34 mi-3
£90012/240.39 miGlanymor Street, Briton Ferry, NEATH3
£84501/250.49 mi-3
£95012/240.49 miBryn Teg, NEATH3
£59508/240.58 miMorgans Terrace, Briton Ferry, Neath3
£85012/240.63 miFarm Road, NEATH3
£87512/240.67 miPant Yr Heol, NEATH3
£84512/240.75 mi-3
£87508/240.79 miPenrhiwtyn Drive, Briton Ferry, Neath, SA11 2JF3
£90004/250.79 mi-3
£90004/250.81 mi-3
£80012/240.86 miHowell Road, NEATH3
£97510/240.93 mi-3
£75002/240.99 mi-3
£87508/231.05 mi-3
£90008/241.05 miMorgans Road, Neath, 3
£1,59902/241.23 mi-3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

3.91 miles away

Nearest school

0.60 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £88,000

May 1, 2024

Description

  • POTENTIAL RENTAL INCOME - £795pcm +
  • POTENTIAL YIELD - 11.9% +
  • TENURE – Freehold +
  • COUNCIL TAX BAND – B +
  • PRICED TO SELL - WITH VACANT POSSESSION +
  • EPC RATING - E (POTENTIAL - C) +

PRICED TO SELL - WITH VACANT POSSESSION POTENTIAL RENTAL INCOME - £795pcm
POTENTIAL YIELD - 11.9% TENURE – Freehold COUNCIL TAX BAND – B EPC Rating - E (Potential - C) We're pleased to be marketing this attractive, bay fronted semi detached house in the popular area of Neath, which benefits from easy access to the local supermarkets, train station and the M4 motorway. The property briefly comprises of three bedrooms, one bathroom, two reception rooms, and a kitchen. The property also benefits from a large rear garden, and has had a single storey extension. The road offers beautiful views of the surrounding countryside. NB. In accordance with Section 21 of the Estate Agent Act 1979, we declare that there is a personal interest in the sale of this property. The property is being sold by Director’s of Move Places Ltd. 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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: MP has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: MP has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor. A Buyer’s Reservation Fee forms part of any agreed purchase price. Please contact branch for more information.

EPC Rating: E

Agent Details

Move Places Limited, Gerrards Cross

01753 362424

Next Steps?

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