2 Bed Flat, Single Let, Neath, SA11 3TQ, £80,000

Gnoll View, Neath, SA11 3TQ - 7 months ago

Sold STC
Leasehold
BTL
ROI: 11%
~68 m²
+12 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£75,190

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,200

 

 

Cash Out

 

Rent Range

£625 - £1,000

Rent Estimate

£634

Running Costs/mo

£397

Cashflow/mo

£237

Cashflow/yr

£2,846

ROI

11%

Gross Yield

10%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£84K04/210.51 mi3, Highbury Court, Neath, Neath Port Talbot SA11 1TX2
£72K05/220.6 mi25a, Heol Penlan, Neath, Neath Port Talbot SA10 7LB2
£75.3K05/220.91 mi28, Lime Grove, Neath, Neath Port Talbot SA11 3PU2
£80K12/220.99 mi40, Heol Illtyd, Neath, Neath Port Talbot SA10 7SF2
£148K03/211.03 mi5, Heol Isaf, Neath, Neath Port Talbot SA11 3SR2
£85K11/221.08 mi79, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SH2
£76.5K01/221.08 mi60, Heol Catwg, Neath, Neath Port Talbot SA10 7SW2
£62K07/211.08 mi42, Heol Catwg, Neath, Neath Port Talbot SA10 7SW2
£42K03/231.08 mi4, Heol Catwg, Neath, Neath Port Talbot SA10 7SW2
£62K07/211.08 mi42, Heol Catwg, Neath, Neath Port Talbot SA10 7SW2
£75K06/221.11 mi46, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SP2
£60K03/211.11 mi80, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SP2
£50K01/211.12 mi18, Gelli Dawel, Neath, Neath Port Talbot SA10 7PW2
£82K05/211.4 miFlat 10, Garth-mor Court, Old Road, Neath, Neath Port Talbot SA11 2HW2
£65K06/241.45 mi53b, Edith Mills Close, Neath, Neath Port Talbot SA11 2JL2
£88K08/221.58 mi26, Lon Glyn Felin, Neath, Neath Port Talbot SA10 7HU2
£70K01/221.81 mi15, White Gates Court, Skewen, Neath, Neath Port Talbot SA10 6AS2
£120K01/212.01 mi1, Burrows Road, Skewen, Neath, Neath Port Talbot SA10 6AE2
£120K10/212.15 mi15, Curwen Close, Pontrhydyfen, Port Talbot, Neath Port Talbot SA12 9UT2
£56.3K09/212.28 mi11b, Regent Street East, Neath, Neath Port Talbot SA11 2RR2
£85.5K03/222.76 mi7a, Coombe Tennant Avenue, Neath, Neath Port Talbot SA10 6EB2
£82K05/222.85 mi30, Hawthorn Avenue, Baglan, Port Talbot, Neath Port Talbot SA12 8PG2
£133.5K02/222.92 mi17, Crown Way, Llandarcy, Neath, Neath Port Talbot SA10 6FD2
£63K02/222.95 mi4, Clyne Court, Clyne, Neath, Neath Port Talbot SA11 4EU2
£75K06/212.96 mi90a, Fairwood Drive, Port Talbot, Neath Port Talbot SA12 8NU2

Local Rents

26 rents from £625/mo to £1K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£84508/240.36 mi-2
£84508/240.36 mi-2
£84512/240.36 mi-2
£84512/240.36 mi-2
£79510/240.36 mi-2
£70012/240.36 mi-2
£75010/240.38 mi-2
£69508/240.52 miLondon Road, Neath, 2
£72510/240.55 mi-2
£65008/240.57 mi-2
£69512/240.63 mi-2
£80012/240.66 miHenry Street, NEATH2
£84511/230.66 mi-2
£84511/230.66 mi-2
£79512/240.68 mi-2
£79512/240.68 mi-2
£74503/250.69 mi-2
£70012/240.7 mi-2
£79512/240.72 mi-2
£70009/240.79 mi-2
£85012/240.82 miBeaconsfield Street, NEATH2
£84512/240.96 mi-2
£62512/240.97 mi-2
£87512/241.08 miRidgewood Gardens, Cimla, NEATH2
£1,00008/241.09 miThe Sinnatts, Neath, SA102
£79511/241.19 mi-2

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

1.95 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 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

December 26, 2024

Listed for £85,000

August 31, 2024

Floor Plans

Description

  • No On-Going Chain +
  • Lovingly Maintained +
  • Attractive Views +
  • Council Tax Band - A +
  • Ideal First Time Purchase +

SUMMARY
A well presented, first floor, two bedroom flat for sale with no on-going chain. Benefiting attractive views and front and rear communal garden areas. Ideal first time buy or buy to let opportunity, situated within close proximity to local schools, public transport links and Gnoll Country Park.

DESCRIPTION
The ideal first time purchase, downsize or buy to let investment! Boasting beautiful views over Neath Town and the bowling grounds, to be sold with no on-going chain! With fantastic links to local public transport by bus or train, as well as well renowned local schools such as Gnoll Primary and Cefn Saeson Community Comprehensive.
The property is entered through a communal hallway and landing with a further shared yard space, ideal for clothes lines or patio space, as well as benefitting from ample car parking to the rear. Internally, the property comprises of an entrance hallway with doors through to two good sized bedrooms, a lounge and a family bathroom consisting of a bath with shower over, wc and hand wash basin. From the lounge is the kitchen with ample work top space.
Internal viewings are highly recommended to truly appreciate the space and potential this well loved home has to offer.

Entrance Hall 

Bathroom 

Lounge 11' 4" x 17' 2" ( 3.45m x 5.23m )

Kitchen 10' x 8' ( 3.05m x 2.44m )

Bedroom One 12' 1" x 10' 4" ( 3.68m x 3.15m )

Bedroom Two 9' 2" x 7' 8" ( 2.79m x 2.34m )

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?

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