2 Bed Flat, Single Let, Neath, SA11 2JL, £100,000

Edith Mills Close, Neath, SA11 2JL - 1 views - a year ago

Leasehold
BTL
ROI: 7%
~59 m²
+15 photos

ValuationOvervalued

Sold Prices£42K - £148K
Sold Prices/m²£532/m² - £2.7K/m²

 

 

Square Metres

~58.99 m²
Price/m²£1.7K/m²

Value Estimate

£67,183

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£650 - £1,000

Rent Estimate

£650

Running Costs/mo

£463

Cashflow/mo

£188

Cashflow/yr

£2,250

ROI

7%

Gross Yield

8%

Local Sold Prices

23 sold prices from £42K to £148K, average is £75.3K. £532/m² to £2.7K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£65K06/240 mi53b, Edith Mills Close, Neath, Neath Port Talbot SA11 2JL2
£82K05/210.25 miFlat 10, Garth-mor Court, Old Road, Neath, Neath Port Talbot SA11 2HW2
£72K05/220.86 mi25a, Heol Penlan, Neath, Neath Port Talbot SA10 7LB2
£56.3K09/210.94 mi11b, Regent Street East, Neath, Neath Port Talbot SA11 2RR2
£84K04/210.99 mi3, Highbury Court, Neath, Neath Port Talbot SA11 1TX2
£70K01/221.23 mi15, White Gates Court, Skewen, Neath, Neath Port Talbot SA10 6AS2
£120K01/211.28 mi1, Burrows Road, Skewen, Neath, Neath Port Talbot SA10 6AE2
£75.3K05/221.34 mi28, Lime Grove, Neath, Neath Port Talbot SA11 3PU2
£133.5K02/221.65 mi17, Crown Way, Llandarcy, Neath, Neath Port Talbot SA10 6FD2
£148K03/211.66 mi5, Heol Isaf, Neath, Neath Port Talbot SA11 3SR2
£80K12/221.67 mi40, Heol Illtyd, Neath, Neath Port Talbot SA10 7SF2
£88K08/221.7 mi26, Lon Glyn Felin, Neath, Neath Port Talbot SA10 7HU2
£82K05/221.73 mi30, Hawthorn Avenue, Baglan, Port Talbot, Neath Port Talbot SA12 8PG2
£62K07/211.77 mi42, Heol Catwg, Neath, Neath Port Talbot SA10 7SW2
£42K03/231.77 mi4, Heol Catwg, Neath, Neath Port Talbot SA10 7SW2
£62K07/211.77 mi42, Heol Catwg, Neath, Neath Port Talbot SA10 7SW2
£76.5K01/221.78 mi60, Heol Catwg, Neath, Neath Port Talbot SA10 7SW2
£60K03/211.79 mi80, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SP2
£75K06/221.79 mi46, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SP2
£85K11/221.83 mi79, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SH2
£85.5K03/221.87 mi7a, Coombe Tennant Avenue, Neath, Neath Port Talbot SA10 6EB2
£50K01/211.88 mi18, Gelli Dawel, Neath, Neath Port Talbot SA10 7PW2
£75K06/211.93 mi90a, Fairwood Drive, Port Talbot, Neath Port Talbot SA12 8NU2

Local Rents

25 rents from £650/mo to £1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£79511/240.28 mi-2
£70009/240.67 mi-2
£70012/240.77 mi-2
£74503/250.77 mi-2
£79512/240.79 mi-2
£79512/240.79 mi-2
£65002/240.79 mi-2
£82503/250.79 mi-2
£79512/240.81 mi-2
£80012/240.85 miHenry Street, NEATH2
£84511/230.86 mi-2
£84511/230.86 mi-2
£69512/240.86 mi-2
£84504/250.9 mi-2
£72510/240.91 mi-2
£69502/240.94 mi-2
£65008/240.94 mi-2
£70011/240.94 mi-2
£69508/240.95 miLondon Road, Neath, 2
£85004/250.99 mi-2
£69505/241.01 mi-2
£69502/241.08 mi-2
£75010/241.11 mi-2
£80006/241.12 mi-2
£1,00008/241.17 miThe Sinnatts, Neath, SA102

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

3.28 miles away

Nearest school

0.20 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £100,000

May 20, 2024

Floor Plans

Description

Welcome to a spacious 1st floor apartment that is waiting for it's new owners, with no on-going chain it benefits from attractive views and situated within a modern, sought after development with local schools, shops and public transport links all within close proximity. The extremely well maintained two double bedroom on this modern development is also only only a few minutes walk from Neath Town Centre. The accommodation comprises of large entrance hallway, carpeted lounge/diner, modern fitted kitchen and a modern bathroom suite. The property further benefits from having gas central heating and an en-suite in the main bedroom. It is ideal for a professional person or couple with internal viewing being highly recommended. To the front of the property there is an allocated parking space within the lease, with the added benefit of steps on the side of the building leading to the rear where you can position a bistro set and enjoy a little bit of garden space of your own.

Why Live here?
Neath Port Talbot is located between the Brecon Beacons foothills and the stunning sandy beaches of Swansea and Aberavon Beach close-by. Excellent transport links, including bus and train stations, and is close to the M4, making it easy to travel to other parts of the country, including Cardiff and Swansea. Neath Port Talbot has plenty of green outdoor space, including mountains, valleys, rivers, including mountain biking in the Afan Valley and a rich industrial heritage, so just live here!

Agent Details

Mr and Mrs Clarke, Nationwide

0115 697 5949

Next Steps?

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