Potential 4-Bed HMO, Swansea, SA6 8HG, £170,000

Neath Road, Morriston, Swansea, SA6 8HG - 15 views - 7 months ago

HMO
ROI: 14%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£62.1K - £250K
Sold Prices/m²£649/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£141,312

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,600

Total Cash In

£49,100

 

 

Cash Out

 

Room Rate

£507

Gross Rent

£2,028

Running Costs/mo

£1,391

Cashflow/mo

£637

Cashflow/yr

£7,650

ROI

16%

Gross Yield

14%

Local Sold Prices

50 sold prices from £62.1K to £250K, average is £147.5K. £649/m² to £3.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£187.5K12/220.03 mi48, Parc Avenue, Morriston, Swansea SA6 8HH3
£160K02/230.09 mi12, Parc Avenue, Morriston, Swansea SA6 8HJ3
£126.5K04/230.14 mi97, Parc Avenue, Morriston, Swansea SA6 8HX3
£130K08/210.21 mi87, Pentremalwed Road, Morriston, Swansea SA6 7BP3
£110K07/230.24 mi113, Clyndu Street, Morriston, Swansea SA6 7BG3
£114K06/210.24 mi140, Clyndu Street, Morriston, Swansea SA6 7BG3
£105K07/210.32 mi24, Morfydd Street, Morriston, Swansea SA6 8BN3
£170.5K08/210.33 mi12, Ullswater Crescent, Morriston, Swansea SA6 7QF3
£200K11/210.35 mi71, Llewellyn Park Drive, Morriston, Swansea SA6 8PF3
£195K11/200.38 mi31, Windermere Road, Morriston, Swansea SA6 7QE3
£235K02/230.41 mi26, Windermere Road, Morriston, Swansea SA6 7QE3
£180K07/210.44 mi278, Trewyddfa Road, Morriston, Swansea SA6 8PD3
£160K08/230.47 mi8, Slate Street, Morriston, Swansea SA6 8AY3
£103.5K06/210.48 mi8, Green Street, Morriston, Swansea SA6 8DE3
£190K11/220.5 mi206, Mynydd Garn Lwyd Road, Morriston, Swansea SA6 7QG3
£164K05/230.5 mi140, Mynydd Garn Lwyd Road, Morriston, Swansea SA6 7QG3
£115K11/210.52 mi8, Bath Road, Morriston, Swansea SA6 7AP3
£100K03/210.52 mi5, Bath Road, Morriston, Swansea SA6 7AP3
£110K10/210.56 mi1129, Neath Road, Plasmarl, Swansea SA6 8JW3
£123K03/230.57 mi111, Lon Camlad, Morriston, Swansea SA6 7EJ3
£141K08/230.58 mi212, Trewyddfa Road, Morriston, Swansea SA6 8NX3
£96.5K10/200.59 mi26, Plasmarl Terrace, Plasmarl, Swansea SA6 8LU3
£120K01/230.59 mi31, Bartley Terrace, Plasmarl, Swansea SA6 8LN3
£140K12/220.6 mi66, Bath Road, Morriston, Swansea SA6 7AT3
£91.5K02/210.61 mi27, Lon Camlad, Morriston, Swansea SA6 7EG3
£240K03/230.62 mi70, Gellifawr Road, Morriston, Swansea SA6 7PW3
£90K05/230.62 mi14, Strawberry Place, Morriston, Swansea SA6 7AG3
£150K12/220.63 mi15, Caemawr Road, Morriston, Swansea SA6 7DX3
£150K06/210.63 mi57, Gelli Gwyn Road, Morriston, Swansea SA6 7PR3
£116K03/210.64 mi43, Lan Street, Morriston, Swansea SA6 7AY3
£213K03/210.66 mi2, Cnap Llwyd Road, Morriston, Swansea SA6 8NT3
£140K12/220.67 mi53, Caemawr Road, Morriston, Swansea SA6 7EA3
£170K09/230.68 mi119, Caemawr Road, Morriston, Swansea SA6 7EB3
£62.1K12/220.7 mi53, Tirpenry Street, Morriston, Swansea SA6 8EB3
£117K11/200.72 mi82, Pleasant Street, Morriston, Swansea SA6 6HH3
£132.8K02/210.73 mi44, Dinas Street, Plasmarl, Swansea SA6 8LQ3
£138K01/230.74 mi1190, Neath Road, Plasmarl, Swansea SA6 8JT3
£80K12/220.75 mi3, Springfield Street, Morriston, Swansea SA6 6HG3
£236K12/210.75 mi82, Mynydd Garnllwyd Road, Morriston, Swansea SA6 7NZ3
£250K09/230.76 mi10, Harry Street, Morriston, Swansea SA6 6DL3
£175K04/230.79 mi117, Vicarage Road, Morriston, Swansea SA6 6DP3
£152.5K11/220.79 mi114, Vicarage Road, Morriston, Swansea SA6 6DP3
£175K05/210.8 mi5, Bryn Eglur Road, Morriston, Swansea SA6 7PG3
£225K08/210.82 mi12, Gellifach Crescent, Morriston, Swansea SA6 7PJ3
£235K10/220.83 mi16, Tawe View Crescent, Morriston, Swansea SA6 6HD3
£225K11/220.84 mi41, Cwmgelli Close, Treboeth, Swansea SA5 9BZ3
£185K05/230.84 mi62, Cwmgelli Close, Treboeth, Swansea SA5 9BZ3
£145K10/200.84 mi59, Cwmgelli Close, Treboeth, Swansea SA5 9BZ3
£135K04/210.86 mi138, Salem Road, Morriston, Swansea SA6 8NN3
£182K06/210.9 miJoycelyn, Heol Y Cnap, Treboeth, Swansea SA5 9DD3

Local Area Statistics

Population in SA6

34,011

Population in Swansea

269,408

Town centre distance

2.26 miles away

Nearest school

0.40 miles away

Nearest train station

1.81 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Price changed to £170,000

January 3, 2025

Listed for £180,000

September 16, 2024

Sold for £90,000

2015

Description

  • No Chain +
  • Modern Kitchen And Bathroom +
  • Transport Links To City Centre +
  • Ideal Investement or Family Home +
  • Council Tax - Band D +

SUMMARY
No Chain! Spacious 3-4 Bedroom Detached Property in Morriston - Ideal Investment or Family Home Ready to move in with modern kitchen and bathroom. Available now!

DESCRIPTION
No Chain! Spacious 3-4 Bedroom Detached Property in Morriston - Ideal Investment or Family Home

This beautifully renovated 3-4 bedroom detached property in Morriston presents an ideal investment opportunity with its previous HMO license and high-quality finish throughout. The property boasts versatile living spaces and modern interiors, offering potential for both family living or rental investment.

Benefiting from convenient transport links into Swansea City Centre. With its prime location and excellent standard of refurbishment, this property is not to be missed!

Hallway 

Living Room 10' 11" x 18' 1" ( 3.33m x 5.51m )

Dining Room/Bedroom 4 10' 11" x 12' ( 3.33m x 3.66m )

Kitchen/Diner 17' 2" x 10' 6" ( 5.23m x 3.20m )

Landing 

Bedroom One 18' x 10' 11" ( 5.49m x 3.33m )

Bedroom Two 10' 11" x 12' ( 3.33m x 3.66m )

Bedroom Three 7' 8" x 10' 1" ( 2.34m x 3.07m )

Shower Room 

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, Morriston

01792 949584

Next Steps?

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