2 Bed Terraced House, Refurb/BRRR, Swansea, SA9 2LP, £65,000

19 Canal Terrace, Swansea, Neath Port Talbot, SA9 2LP - 5 views - 7 months ago

Sold STC
Motivated
Refurb/BRRR
ROI: 9%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£35K - £160K
Sold Prices/m²£467/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£72,100
BMV3%

 

 

End Value (After Refurb)

£92,163

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,300

Refurb Costs

£27,537

Bridging Loan Interest

£1,706

Total Cash In

£50,544

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£92,163

Mortgage (After Refinance)

£69,122

Mortgage LTV

75%

Cash Released

£20,372

Cash Left In

£30,172

Equity

£23,041

Rent Range

£500 - £1,600

Rent Estimate

£865

Running Costs/mo

£481

Cashflow/mo

£384

Cashflow/yr

£4,608

ROI

9%

Gross Yield

16%

Local Sold Prices

26 sold prices from £35K to £160K, average is £85K. £467/m² to £1.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£91K03/230 mi5, Canal Terrace, Ystalyfera, Swansea, Neath Port Talbot SA9 2LP2
£85K09/220 mi24, Canal Terrace, Ystalyfera, Swansea, Neath Port Talbot SA9 2LP2
£84K11/220 mi20, Canal Terrace, Ystalyfera, Swansea, Neath Port Talbot SA9 2LP2
£77K02/210.07 mi11, Deeley Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2LW2
£90K06/230.1 mi34, Wern Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2LY2
£66K11/230.1 mi64, Wern Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2LY2
£91K02/210.1 mi58, Wern Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2LY2
£77K03/210.14 mi17, Commercial Street, Ystalyfera, Swansea, Neath Port Talbot SA9 2HR2
£94K08/220.14 mi15, Commercial Street, Ystalyfera, Swansea, Neath Port Talbot SA9 2HR2
£47K10/200.17 mi68, Commercial Street, Ystalyfera, Swansea, Neath Port Talbot SA9 2HS2
£88K08/210.18 mi93, Wern Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2LZ2
£85K04/230.18 mi105, Wern Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2LZ2
£100K01/240.18 mi93, Wern Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2LZ2
£130K10/200.19 mi89, Wern Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2LZ2
£52K10/230.19 mi54, Gough Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2NA2
£65K04/210.2 mi16, Milborough Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2AB2
£160K08/230.24 mi19, Glanyrafon Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2HA2
£80K10/230.35 mi80, Penywern Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2AT2
£123K08/230.42 mi63, Glantwrch, Ystalyfera, Swansea, Neath Port Talbot SA9 2JN2
£35K12/220.44 mi106, Cyfyng Road, Ystalyfera, Swansea, Neath Port Talbot SA9 2BT2
£60K06/230.55 mi2, Clees Lane, Ystalyfera, Swansea, Neath Port Talbot SA9 2BX2
£52.5K10/200.55 mi28, Clees Lane, Ystalyfera, Swansea, Neath Port Talbot SA9 2BX2
£133K06/230.77 mi17, Tudor Street, Ystradgynlais, Swansea, Powys SA9 1AN2
£110K10/220.86 mi14, Chemical Row, Godrergraig, Swansea, Neath Port Talbot SA9 2DH2
£105K10/230.91 mi69, Heol Twrch, Lower Cwmtwrch, Swansea, Powys SA9 2TD2
£61K11/220.96 mi73, Heol Twrch, Lower Cwmtwrch, Swansea, Powys SA9 2TE2

Local Rents

13 rents from £500/mo to £1.6K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£72508/240.14 miCommercial Street, Ystalyfera3
£62508/240.19 miMilborough Road, Ystalyfera, SWANSEA1
£50005/240.31 mi-1
£50003/250.31 mi-1
£95008/240.89 miFfordd Y Glowyr, Godrergraig, Swansea, City And County of Swansea.3
£87508/240.89 miFfordd Y Glowyr , Godrergraig, Pontardawe, Neath and Port Talbot.3
£82508/240.91 miHeol Twrch, Lower Cwmtwrch, Swansea.3
£69510/241.02 mi-2
£69508/241.04 mi-2
£1,40008/241.87 mi-3
£1,60006/241.87 mi-3
£1,40002/251.87 mi-3
£70002/252.13 mi-2

Local Area Statistics

Population in SA9

15,065

Population in Swansea

269,408

Town centre distance

11.53 miles away

Nearest school

0.70 miles away

Nearest train station

7.09 miles away

 

 

Rental growth (12m)

-11%

Sales demand

Buyer's market

Capital growth (5yrs)

+50%

Property History

Listed for £65,000

December 4, 2024

Sold for £62,000

2006

Sold for £49,950

2004

Sold for £20,000

2002

Floor Plans

Description

  • Council Tax Band A, +
  • Freehold +
  • Terraced Home +
  • Two Bedrooms +
  • In need of Modernisation +
  • Open Plan Living Room & Dining Room +
  • Off Road Parking +
  • Lovely Views from the Front Garden +
  • Convenient Location +
  • Viewing Advised +

If you're looking for a property to put your own stamp on then this Terraced House is perfect for you.
In need of some modernisation, boasting two bedrooms and open plan living.
Viewing is highly recommended

This terraced home is located in Swansea with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming spacious open plan living room and dining room through to a fitted kitchen.

To the first floor is an inviting landing area through to two well-proportioned bedrooms and a three-piece bathroom with a tub-shower combination, a hand wash basin and a WC.

Externally, the property benefits from a rear garden, a front garden and off-road parking is available to the front.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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