3 Bed Terraced House, Refurb/BRRR, Neath, SA11 2HG, £80,000

Penrhiwtyn Street, Neath, SA11 2HG - 17 views - 9 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£64K - £215K
Sold Prices/m²£667/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£86,700
BMV2%

 

 

End Value (After Refurb)

£169,091

Uplift in Value

+99%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£37,702

Bridging Loan Interest

£2,100

Total Cash In

£65,302

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£169,091

Agent Fees (1%)

£1,691

Bridging Loan

£60,000

Bridging Loan Interest

£2,100

Flip Profit

£42,098

Local Sold Prices

49 sold prices from £64K to £215K, average is £112K. £667/m² to £2.5K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£100K11/210 mi30, Penrhiwtyn Street, Neath, Neath Port Talbot SA11 2HG3
£102K06/240 mi37, Penrhiwtyn Street, Neath, Neath Port Talbot SA11 2HG3
£85K03/240.06 mi9, Collins Street, Neath, Neath Port Talbot SA11 2HH3
£195K07/210.1 mi18, May Drew Way, Neath, Neath Port Talbot SA11 2HX3
£215K10/230.1 mi4, May Drew Way, Neath, Neath Port Talbot SA11 2HX3
£100K12/200.11 mi59, Pant Yr Heol, Neath, Neath Port Talbot SA11 2HN3
£95K07/240.12 mi123, Pant Yr Heol, Neath, Neath Port Talbot SA11 2HB3
£170K05/230.13 mi54, Westbourne Road, Neath, Neath Port Talbot SA11 2EW3
£122K12/200.13 mi63, Westbourne Road, Neath, Neath Port Talbot SA11 2EW3
£162.5K12/200.14 mi51, Penrhiwtyn Drive, Neath, Neath Port Talbot SA11 2JF3
£149.5K07/210.15 mi36, Westbourne Road, Neath, Neath Port Talbot SA11 2EP3
£205K07/240.16 mi27, Havard Jones Close, Neath, Neath Port Talbot SA11 2HR3
£175K04/210.16 mi12, Glyn Garfield Close, Neath, Neath Port Talbot SA11 2JR3
£110K10/210.21 mi7, Morgans Terrace, Neath, West Glamorgan SA11 2SY3
£87K03/210.21 mi8, Morgans Terrace, Neath, Neath Port Talbot SA11 2SY3
£149.9K10/230.23 mi15, Cwrt Sart, Neath, Neath Port Talbot SA11 2ST3
£115K04/240.27 mi48, Llansawel Crescent, Neath, Neath Port Talbot SA11 2UL3
£110K03/230.27 mi46, Llansawel Crescent, Neath, Neath Port Talbot SA11 2UL3
£90K07/230.27 mi8, Llansawel Crescent, Neath, Neath Port Talbot SA11 2UL3
£92K10/210.28 mi18, Greenwood Road, Neath, Neath Port Talbot SA11 2BD3
£155K05/240.28 mi227, Old Road, Neath, Neath Port Talbot SA11 2ES3
£100K01/230.28 mi264, Old Road, Neath, Neath Port Talbot SA11 2ES3
£80K03/240.28 mi19, Chamberlain Road, Neath, Neath Port Talbot SA11 2BE3
£95.5K05/210.28 mi51, Chamberlain Road, Neath, Neath Port Talbot SA11 2BE3
£112K06/210.29 mi43, Llansawel Crescent, Neath, Neath Port Talbot SA11 2UN3
£106K06/240.3 mi19, Furnace Terrace, Neath, Neath Port Talbot SA11 2EE3
£149.9K05/230.33 mi9, Wembley, Neath, Neath Port Talbot SA11 2AT3
£73K10/230.33 mi37, Morgans Road, Neath, Neath Port Talbot SA11 2DG3
£150K12/220.34 mi15, Olive Branch Crescent, Neath, Neath Port Talbot SA11 2UH3
£89K09/210.34 mi22, Helens Road, Penrhiwtyn, Neath, Neath Port Talbot SA11 2DL3
£105K01/240.35 mi84, Olive Branch Crescent, Neath, Neath Port Talbot SA11 2UG3
£90K11/230.35 mi82, Olive Branch Crescent, Neath, Neath Port Talbot SA11 2UG3
£108.5K05/210.36 mi332, Old Road, Neath, Neath Port Talbot SA11 2EY3
£112K04/210.36 mi10, Primrose Road, Neath, Neath Port Talbot SA11 2AP3
£153K06/210.39 mi27, Herbert Road, Neath, Neath Port Talbot SA11 2DD3
£142K06/230.39 mi2, Llys Walters, Neath, Neath Port Talbot SA11 2EQ3
£150K10/210.4 mi33, Primrose Road, Neath, Neath Port Talbot SA11 2AR3
£117.5K03/210.41 mi67, Ruskin Street, Neath, Neath Port Talbot SA11 2HY3
£168K07/240.41 mi6, Ormond Street, Neath, Neath Port Talbot SA11 2TH3
£185K06/210.44 mi301, Old Road, Briton Ferry, Neath, Neath Port Talbot SA11 2HA3
£73K11/230.46 mi30, Shelone Terrace, Briton Ferry, Neath, Neath Port Talbot SA11 2UE3
£154K08/240.46 mi43, Shelone Terrace, Briton Ferry, Neath, Neath Port Talbot SA11 2UE3
£90K06/210.46 mi30, Ynysymaerdy Road, Briton Ferry, Neath, Neath Port Talbot SA11 2TL3
£92.5K09/210.47 mi11, Alexander Road, Briton Ferry, Neath, Neath Port Talbot SA11 2SN3
£125K06/210.47 mi15, Alexander Road, Briton Ferry, Neath, Neath Port Talbot SA11 2SN3
£175K03/230.47 mi5, Alexander Road, Briton Ferry, Neath, Neath Port Talbot SA11 2SN3
£101.5K12/230.47 mi7, Alexander Road, Briton Ferry, Neath, Neath Port Talbot SA11 2SN3
£114K04/210.47 mi99, Glanymor Street, Briton Ferry, Neath, Neath Port Talbot SA11 2LG3
£64K09/230.47 mi82, Glanymor Street, Briton Ferry, Neath, Neath Port Talbot SA11 2LG3

Local Rents

14 rents from £595/mo to £975/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£80012/240.08 miHowell Road, NEATH3
£87512/240.12 miPant Yr Heol, NEATH3
£87508/240.15 miPenrhiwtyn Drive, Briton Ferry, Neath, SA11 2JF3
£85012/240.16 miFarm Road, NEATH3
£59508/240.21 miMorgans Terrace, Briton Ferry, Neath3
£90004/250.24 mi-3
£97510/240.25 mi-3
£90008/240.29 miMorgans Road, Neath, 3
£84501/250.34 mi-3
£95012/240.42 miBryn Teg, NEATH3
£90012/240.47 miGlanymor Street, Briton Ferry, NEATH3
£87501/250.48 mi-3
£94004/250.48 mi-3
£84503/250.57 mi-3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

3.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Price changed to £80,000

January 23, 2025

Listed for £85,000

July 23, 2024

Sold for £29,250

2003

Sold for £36,000

1997

Floor Plans

Description

  • Double Fronted Mid-Terrace! +
  • Semi-Refurbished, In Need of Further Renovation +
  • Deceptively Spacious +
  • Council Tax Band - B +
  • Utility room, Cloakroom and First Floor Bathroom +

SUMMARY
Calling all INVESTORS and FIRST TIME BUYERS! This semi-refurbished property is oozing with potential to modernise and improve! With generous room sizes and on the outskirts of Neath Town Centre with fantastic local amenities and public transport routes! Internal viewings are highly recommended!

DESCRIPTION
The ideal investment or first time purchase found in Britton Ferry, Neath! With excellent links to well renowned schools such as Melin Primary, Ysgol Carreg Hir and Ysgol Tyle'r Ynn. Conveniently located for access to local stores in Neath and Port Talbot town centres as well as the M4 Corridor for commuters to Swansea and Cardiff!
Internally, the property comprises of an entrance hallway with stairs to the landing, lounge and kitchen diner with a further utility room and cloakroom to the rear. The first floor houses two double bedrooms with generous amounts of natural light and space for a family bathroom. There is also an enclosed rear garden accessed via a upvc door in the utility area.
Internal viewings are highly recommended to appreciate the true condition and potential the home offers.

Entrance Hall 

Cloakroom 

Lounge 14' 6" x 11' ( 4.42m x 3.35m )

Dining Room 11' 3" x 10' 9" ( 3.43m x 3.28m )

Kitchen 11' x 9' 7" ( 3.35m x 2.92m )

Utility Room 10' 1" x 7' ( 3.07m x 2.13m )

Landing 

Bedroom One 14' x 15' ( 4.27m x 4.57m )

Bedroom Two 10' 5" x 9' ( 3.17m x 2.74m )

Bathroom 

Rear Garden 

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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, Neath

01639 505098

Next Steps?

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