5 Bed HMO, Neath, SA11 3BE, £150,000

2 Victoria Gardens, Neath Port Talbot, SA11 3BE - 8 months ago

Sold STC
Auction
HMO
ROI: 24%
143 m²
+18 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Total Cash In

£46,700

 

 

Cash Out

 

Room Rate

£511

Gross Rent

£2,555

Running Costs/mo

£1,608

Cashflow/mo

£947

Cashflow/yr

£11,364

ROI

24%

Gross Yield

20%













Property History

Price changed to £150,000

January 15, 2025

Price changed to £180,000

December 17, 2024

Listed for £220,000

August 9, 2024

Description

  • Potential HMO Subject To Regulations +
  • For Sale by Modern Auction - T & C's apply +
  • Subject to Reserve Price +
  • Freehold/EPC-E +
  • Semi-Detached Property +
  • Off Road Parking +
  • Great Location Of Neath Town Centre +
  • Five/Six Bedrooms +
  • Huge Potential For Temporary Housing +
  • Need A Mortgage? We Can Help! +

Viewing is highly recommended to appreciate potential and location.

We are delighted to offer this unique opportunity to acquire a pair of semi-detached house situated in the heart of Neath town centre. Having potential for being sold as one entity, providing ample space and versatility for a variety of potential uses, whether for residential, rental, or commercial purposes.
Key Features:
- Location: Located in Neath town centre, the properties offer excellent access to local amenities, public transport links, and schools. The proximity to shops, cafes, and parks makes this an ideal spot for convenience and leisure.
- Accommodation: Each semi-detached house features multiple spacious bedrooms, living areas, kitchens, and bathrooms. The interiors have been maintained to a high standard, offering a blend of modern comfort and traditional charm.
- Potential Uses: The property provides a range of opportunities for prospective buyers. Whether you’re looking to create a large family home, invest in rental properties, or explore commercial development options, this semi-detached house offers flexible solutions.
- Exterior: The properties boast attractive stone facades, bay windows, and a shared garden space at the rear. The exterior is well-maintained and complements the surrounding architecture of the neighbourhood.
- Parking: Off road to the rear to the rear of the property
Further Details:
- Energy Performance Certificate (EPC): Available upon request.
- Council Tax Band: Please inquire for further information.
- Viewings: Strictly by appointment with Peter Morgan Property Group.

Agent Details

Peter Morgan, Neath

01639 505110

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.