Potential 4-Bed HMO, Swansea, SA1 6YJ £88,000

35 Graig Terrace, Mount Pleasant, Swansea, SA1 6YJ - 5 views - a year ago
Sold STC
Auction
HMO
ROI: 7%
86 m²
Property image

ValuationUndervalued

Sold Prices£66K - £275K
Sold Prices/m²£816/m² - £2.8K/m²

 

 

Square Metres

86 m²
Price/m²£1K/m²

Value Estimate

£105,600
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,000

Stamp Duty & Legal Fees

£5,600

Total Cash In

£27,600

 

 

Cash Out

 

Room Rate

£263

Gross Rent

£1,052

Running Costs/mo

£894

Cashflow/mo

£158

Cashflow/yr

£1,897

ROI

7%

Gross Yield

14%

Local Sold Prices

50 sold prices from £66K to £275K, average is £133K. £816/m² to £2.8K/m², average is £1.4K/m².

Price
Date
Distance
Address
Beds
 
£110K05/230.05 mi10, Watkin Street, Swansea SA1 6YD3
£115K11/210.09 mi13, Graig Terrace, Swansea SA1 6YJ3
£112.5K11/210.11 mi82, Watkin Street, Swansea SA1 6YE3
£160K04/230.11 mi98, Watkin Street, Swansea SA1 6YE3
£70K04/230.11 mi9, Pleasant View Terrace, Swansea SA1 6YQ3
£144.5K07/230.15 mi11, Hill Street, Swansea SA1 6XU3
£150K01/250.16 mi104, Watkin Street, Mount Pleasant, Swansea SA1 6YF3
£112K10/210.24 mi68, Baptist Well Street, Swansea SA1 6FB3
£145.3K08/210.26 mi28, Clifton Hill, Swansea SA1 6XQ3
£125K07/230.26 mi36, Colbourne Terrace, Swansea SA1 6FW3
£103K07/210.3 mi26, Creidiol Road, Mayhill, Swansea SA1 6TZ3
£177.5K07/230.3 mi57, Mount Pleasant, Swansea SA1 6EQ3
£182.5K05/230.3 mi31, Mount Pleasant, Swansea SA1 6EQ3
£117.5K04/250.3 mi21, Mount Pleasant, Swansea SA1 6EQ3
£117.5K04/250.3 mi21, Mount Pleasant, Swansea SA1 6EQ3
£66K09/210.31 mi26, Waun Wen Road, Swansea SA1 6FN3
£175K07/210.32 mi22, Mount Pleasant, Swansea SA1 6EE3
£118K04/250.33 mi21, Terrace Road, Mount Pleasant, Swansea SA1 6HN3
£148K12/210.34 mi33, Terrace Road, Swansea SA1 6HN3
£140K08/250.35 mi43, Hewson Street, Mount Pleasant, Swansea SA1 6HS3
£140K03/230.35 mi38, Nicander Parade, Mayhill, Swansea SA1 6TY3
£115K08/230.36 mi40, Park Terrace, Swansea SA1 2BY3
£155K05/250.37 mi39, Norfolk Street, Mount Pleasant, Swansea SA1 6JQ3
£134K09/230.37 mi10, Rhondda Street, Swansea SA1 6ER3
£120K07/250.39 mi39, Nicander Parade, Mayhill, Swansea SA1 6TY3
£109K02/230.4 mi181, Carmarthen Road, Swansea SA1 1HE3
£105K05/230.43 mi17, Cadrawd Road, Mayhill, Swansea SA1 6UG3
£125K03/250.43 mi322, Townhill Road, Mayhill, Swansea SA1 6PB3
£125K03/250.43 mi322, Townhill Road, Mayhill, Swansea SA1 6PB3
£123K06/210.44 mi59, Norfolk Street, Swansea SA1 6JE3
£135.5K07/230.44 mi91, Norfolk Street, Swansea SA1 6JE3
£125K07/230.46 mi55, Rhondda Street, Swansea SA1 6ET3
£195K06/230.48 mi15, Maliphant Street, Swansea SA1 2HH3
£120K12/210.48 mi16, Foxhole Road, St Thomas, Swansea SA1 8EH3
£82K08/210.5 mi84, Teilo Crescent, Mayhill, Swansea SA1 6SY3
£200K03/250.5 mi40, St Elmo Avenue, St Thomas, Swansea SA1 8DP3
£200K03/250.5 mi40, St Elmo Avenue, St Thomas, Swansea SA1 8DP3
£150K11/210.51 mi27, Windmill Terrace, St Thomas, Swansea SA1 8DN3
£180K01/230.52 mi70, Windmill Terrace, St Thomas, Swansea SA1 8DN3
£132K06/210.52 mi27, St Elmo Avenue, St Thomas, Swansea SA1 8DR3
£180K06/250.52 mi43, Windmill Terrace, St Thomas, Swansea SA1 8DN3
£180K06/250.52 mi43, Windmill Terrace, St Thomas, Swansea SA1 8DN3
£145K02/230.53 mi130, Rhondda Street, Swansea SA1 6EU3
£120K11/240.54 mi25, Gwili Terrace, Mayhill, Swansea SA1 6TW3
£159.9K05/230.54 mi41, Kilvey Terrace, St Thomas, Swansea SA1 8BA3
£95K06/230.54 mi12, Kilvey Terrace, St Thomas, Swansea SA1 8BA3
£210K04/230.55 mi76, Cromwell Street, Swansea SA1 6EX3
£275K04/240.55 mi70, Terrace Road, Mount Pleasant, Swansea SA1 6HU3
£82K02/230.56 mi41, Eigen Crescent, Mayhill, Swansea SA1 6LB3
£190K11/240.56 mi15, Glenroy Avenue, St Thomas, Swansea SA1 8DU3

Local Area Statistics

Population in SA1

47,355

Population in Swansea

269,408

Town centre distance

1.72 miles away

Nearest school

0.10 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-12%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £88,000

August 26, 2024

Floor Plans

Property image

Description

  • Investment Property +
  • 3 Bedroom student HMO +
  • Located in Mount Pleasant +
  • Fully let for the next academic year +
  • Must be seen +
  • Auction +

**Guide Price £88,000 * Plus 5% Buyers Premium + VAT

For sale by unconditional online auction on the 26th of September 2024.

Registration is now open, bidding opens on 26th of September at 10:00 and ends on 26th of September at 12:20.**

Fully let - 3 Bedroom Student HMO in Mount Pleasant, Swansea

Description
Auction - 26/9/24
Guide Price - £88,000
Viewings - 5th September at 1pm

A fully let 3 Bedroom HMO in a popular location providing £1050 pcm.

Accommodation consists of Entrance Hallway, Spacious Lounge/ Diner, Kitchen, Bathroom with separate shower cubicle and 3 Bedrooms. Rear courtyard garden with views.

The property is in good overall condition and offers an excellent return of over 14% based on the guide price.

Tenure
Presumed Freehold

Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Agent Details

Town & Country Property Auctions, Oswestry

0117 463 3986

Next Steps?

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