3 Bed Semi-Detached House, Refurb/BRRR, Neath, SA10 6HB, £85,000

Grove Lane, Neath, SA10 6HB - 2 views - 8 months ago

Refurb/BRRR
ROI: 5%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£71K - £240K
Sold Prices/m²£910/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£914/m²

Value Estimate

£131,300
BMV1%

 

 

End Value (After Refurb)

£134,611

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£38,000

Bridging Loan Interest

£2,231

Total Cash In

£68,331

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£134,611

Mortgage (After Refinance)

£100,958

Mortgage LTV

75%

Cash Released

£37,208

Cash Left In

£31,123

Equity

£33,653

Rent Range

£795 - £1,300

Rent Estimate

£1,010

Running Costs/mo

£643

Cashflow/mo

£367

Cashflow/yr

£4,408

ROI

6%

Gross Yield

14%

Local Sold Prices

50 sold prices from £71K to £240K, average is £135K. £910/m² to £2.8K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£92K11/200 mi9, Grove Lane, Skewen, Neath, Neath Port Talbot SA10 6HB3
£172K04/210.06 mi9, Picton Road, Skewen, Neath, Neath Port Talbot SA10 6UN3
£135K09/210.07 mi20, Dynevor Road, Skewen, Neath, Neath Port Talbot SA10 6TF3
£100K10/210.07 mi38, Dynevor Road, Skewen, Neath, Neath Port Talbot SA10 6TF3
£71K05/210.07 mi33, Dynevor Road, Skewen, Neath, Neath Port Talbot SA10 6TF3
£135K05/230.07 mi34, Dynevor Road, Skewen, Neath, Neath Port Talbot SA10 6TF3
£112K05/210.08 mi2, Stanley Road, Skewen, Neath, Neath Port Talbot SA10 6LN3
£105K07/210.09 mi133, Dynevor Road, Skewen, Neath, Neath Port Talbot SA10 6TE3
£115K11/210.12 mi128, Dynevor Road, Skewen, Neath, Neath Port Talbot SA10 6TH3
£117K10/210.12 mi9, Stanley Road, Skewen, Neath, Neath Port Talbot SA10 6LW3
£135K06/230.13 mi31, Oak Hill Park, Skewen, Neath, Neath Port Talbot SA10 6TQ3
£127K11/200.15 mi6, Woodland Road, Skewen, Neath, Neath Port Talbot SA10 6SS3
£179K05/230.16 mi35, Christopher Road, Neath, Neath Port Talbot SA10 6LE3
£158K05/230.17 mi68, Dynevor Road, Skewen, Neath, Neath Port Talbot SA10 6TW3
£185K04/230.17 mi66, Dynevor Road, Skewen, Neath, Neath Port Talbot SA10 6TW3
£116K04/230.17 mi17, Cae Nant Terrace, Neath, Neath Port Talbot SA10 6UP3
£137K03/230.17 mi14, Cae Nant Terrace, Neath, Neath Port Talbot SA10 6UP3
£110K11/200.19 mi13, Christopher Road, Neath, Neath Port Talbot SA10 6LD3
£165K05/210.19 mi80, Old Road, Skewen, Neath, Neath Port Talbot SA10 6LR3
£156K06/230.21 mi16, Coombes Road, Neath, Neath Port Talbot SA10 6LB3
£120K12/220.22 mi45, Old Road, Skewen, Neath, Neath Port Talbot SA10 6NA3
£177.5K01/210.23 mi248, New Road, Skewen, Neath, Neath Port Talbot SA10 6UU3
£167.9K10/200.23 mi243, New Road, Skewen, Neath, Neath Port Talbot SA10 6UU3
£176.5K03/230.23 mi243, New Road, Skewen, Neath, Neath Port Talbot SA10 6UU3
£162.5K12/220.23 mi48, Drymau Park, Skewen, Neath, Neath Port Talbot SA10 6PL3
£118K05/210.26 mi23, Winifred Road, Neath, Neath Port Talbot SA10 6LA3
£122.5K10/210.26 mi2, Graham Terrace, Neath, Neath Port Talbot SA10 6RL3
£125K11/210.27 mi12, Ormes Road, Neath, Neath Port Talbot SA10 6SY3
£160K06/210.27 mi17, Bethlehem Road, Neath, Neath Port Talbot SA10 6AW3
£114.3K04/230.27 mi7, Bethlehem Road, Neath, Neath Port Talbot SA10 6AW3
£90K07/210.27 mi62, Bethlehem Road, Neath, Neath Port Talbot SA10 6AW3
£100K05/230.27 mi51, Bethlehem Road, Neath, Neath Port Talbot SA10 6AW3
£131K02/230.28 mi23, Jubilee Crescent, Neath, Neath Port Talbot SA10 6TP3
£155K03/230.28 mi2, Jubilee Crescent, Neath, Neath Port Talbot SA10 6TP3
£110K07/210.29 mi4, Foundry Row, Lonlas, Neath, Neath Port Talbot SA10 6RH3
£185K06/210.32 mi10, Charles Street, Skewen, Neath, Neath Port Talbot SA10 6HT3
£150K07/210.33 mi13, Bosworth Road, Neath, Neath Port Talbot SA10 6BU3
£240K12/220.34 mi55, Wern Road, Skewen, Neath, Neath Port Talbot SA10 6DL3
£230K01/230.34 mi74, Wern Road, Skewen, Neath, Neath Port Talbot SA10 6DL3
£140K08/210.34 mi44, Wern Road, Skewen, Neath, Neath Port Talbot SA10 6DL3
£91K05/210.38 mi134, Old Road, Skewen, Neath, Neath Port Talbot SA10 6AT3
£200K03/230.41 mi6, Pale Road, Neath, Neath Port Talbot SA10 6BW3
£218K02/230.43 mi105, Crymlyn Road, Neath, Neath Port Talbot SA10 6DT3
£215K03/230.44 mi16, Hill Road, Neath Abbey, Neath, Neath Port Talbot SA10 7NR3
£127.5K07/210.44 mi38, Pen Yr Alley Avenue, Skewen, Neath, Neath Port Talbot SA10 6DS3
£81K12/220.45 mi27, Siding Terrace, Neath, Neath Port Talbot SA10 6RE3
£153K03/210.48 mi36, Lucy Road, Neath, Neath Port Talbot SA10 6RR3
£165K05/230.48 mi44, Lucy Road, Neath, Neath Port Talbot SA10 6RR3
£113K01/210.48 mi70, Lucy Road, Neath, Neath Port Talbot SA10 6RR3
£180K11/200.49 mi152, The Highlands, Neath Abbey, Neath, Neath Port Talbot SA10 6PE3

Local Rents

13 rents from £795/mo to £1.3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£99503/240.04 mi-3
£99512/230.12 mi-3
£99502/250.15 mi-3
£79509/230.17 mi-3
£90008/240.23 miNew Road, Skewen, NEATH3
£80003/250.24 mi-3
£82508/240.25 miBrookville Drive, Neath, 3
£1,30010/240.99 mi-3
£80012/241 miThe Hannants, Neath Abbey, Neath . SA10 7DE3
£1,06503/251.14 mi-3
£1,19508/241.24 miWrenwood, Neath, SA103
£1,19508/241.24 mi-3
£1,09505/241.24 mi-3

Local Area Statistics

Population in SA10

30,067

Population in Neath

66,689

Town centre distance

4.08 miles away

Nearest school

0.10 miles away

Nearest train station

0.08 miles away

 

 

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Price changed to £85,000

March 28, 2025

Price changed to £90,000

March 8, 2025

Price changed to £95,000

February 28, 2025

Price changed to £100,000

February 12, 2025

Price changed to £122,500

December 4, 2024

Listed for £130,000

August 6, 2024

Floor Plans

Description

  • Desirable Location. +
  • Modernisation required. +
  • Semi Detched. +
  • No Through Traffic. +
  • Town Centre location. +
  • 3 Bedroom. +
  • Freehold. +

Welcome to this three-bedroom semi-detached home situated in the desirable area of Skewen. This property, available with no onward chain, presents a fantastic opportunity for those looking to personalize and modernize. With spacious rooms, two shower rooms, and a private garden, the home offers ample potential for customization to suit your lifestyle.

Key Features

  • Semi-Detached Property
  • Three Bedrooms
  • Large Rear Garden
  • Town Centre Location
  • No On-Going Chain
  • Modernisation Required.
  • Desirable location.

Property Details

**Entrance Hall **
Dimensions: 1.0m x 4.2m  Lounge
Dimensions: 7.0m max x 3.6m max
Kitchen Diner
Dimensions: 3.6m max x 3.2 m max

Ground Floor Shower Room Dimensions: 1.8m x 2.45 m 

First Floor

Landing
Bedroom One
Dimensions: 3.51m max x 2.79m max

Bedroom Two
Dimensions: 3.17m x 2.97m

Bedroom Three
Dimensions: 2.79m x 2.03m

Shower Room
The first-floor shower room is fitted with a shower cubicle, w.c., and a wash hand basin. The room also includes a fitted storage cupboard housing a gas combination boiler. 

External Features

Front Garden
The fron features a patio area. Side access  leading to the rear garden. Rear Garden
The rear garden, extending approximately 10-15 metres but will require some remedial works to get the true extent of the depth of this garden.

Additional Information

Situated in a convenient location in Skewen, this property is close to public transport links, local schools, and shops, making it ideal for families. The home offers an opportunity to upgrade the property to make it your own home yet set in a peaceful setting, perfect for those seeking a tranquil living environment with everything on your doorstep. Council Tax Band: B
EPC Rating: D Broadband:  Standard 18 mbps Ultrafast 900 Mbps

This property represents a great opportunity to create a personalized living space in a sought-after location. Internal viewings are highly recommended to appreciate the full potential of this home. Contact us today to schedule a viewing!

Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, South West & Wales

01202 145444

Next Steps?

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