3 Bed Terraced House, Refurb/BRRR, Neath, SA11 4HR, £75,995

14 Cory Street, Neath Port Talbot, SA11 4HR - 6 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£50K - £256K
Sold Prices/m²£694/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£817/m²

Value Estimate

£77,515

 

 

End Value (After Refurb)

£117,329

Uplift in Value

+54%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,999

Stamp Duty & Legal Fees

£3,480

Refurb Costs

£37,702

Bridging Loan Interest

£1,995

Total Cash In

£63,925

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£117,329

Mortgage (After Refinance)

£87,997

Mortgage LTV

75%

Cash Released

£31,001

Cash Left In

£32,924

Equity

£29,332

Rent Range

£595 - £875

Rent Estimate

£733

Running Costs/mo

£533

Cashflow/mo

£200

Cashflow/yr

£2,397

ROI

4%

Gross Yield

12%

Local Sold Prices

44 sold prices from £50K to £256K, average is £118.5K. £694/m² to £3.4K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£88.7K09/210.03 mi2, Cory Street, Resolven, Neath, Neath Port Talbot SA11 4HR3
£108K01/240.03 mi8, Cory Street, Resolven, Neath, Neath Port Talbot SA11 4HR3
£60K12/200.05 mi31, Yeo Street, Resolven, Neath, Neath Port Talbot SA11 4HS3
£83K08/240.05 mi27, Yeo Street, Resolven, Neath, Neath Port Talbot SA11 4HS3
£120K03/210.06 mi13, Clydach Avenue, Resolven, Neath, Neath Port Talbot SA11 4LU3
£133K03/230.07 mi31, Rugby Road, Resolven, Neath, Neath Port Talbot SA11 4HH3
£130K11/200.07 mi19, Rugby Road, Resolven, Neath, Neath Port Talbot SA11 4HH3
£120K03/230.07 mi24, Rugby Road, Resolven, Neath, Neath Port Talbot SA11 4HH3
£85K02/230.08 mi22, Company Street, Resolven, Neath, Neath Port Talbot SA11 4HU3
£100K02/210.08 mi10, Williams Avenue, Resolven, Neath, Neath Port Talbot SA11 4AD3
£100K03/210.08 mi35, Company Street, Resolven, Neath, Neath Port Talbot SA11 4HU3
£110K03/230.08 mi23, Company Street, Resolven, Neath, Neath Port Talbot SA11 4HU3
£225K10/230.1 mi4, Ardwyn Terrace, Resolven, Neath, Neath Port Talbot SA11 4LY3
£86K10/210.11 mi13, Thomas Terrace, Resolven, Neath, Neath Port Talbot SA11 4AE3
£110K02/210.11 mi10, Thomas Terrace, Resolven, Neath, Neath Port Talbot SA11 4AE3
£105K12/230.11 mi8, Thomas Terrace, Resolven, Neath, Neath Port Talbot SA11 4AE3
£161.5K03/230.12 mi27, Neath Road, Resolven, Neath, Neath Port Talbot SA11 4AA3
£76K11/210.12 mi8, Cross Street, Resolven, Neath, Neath Port Talbot SA11 4HT3
£93.5K01/210.12 mi7, Cross Street, Resolven, Neath, Neath Port Talbot SA11 4HT3
£110K02/230.14 mi32, Lyons Place, Resolven, Neath, Neath Port Talbot SA11 4ND3
£68K11/200.14 mi76, John Street, Resolven, Neath, Neath Port Talbot SA11 4LB3
£83K11/200.14 mi5, John Street, Resolven, Neath, Neath Port Talbot SA11 4LA3
£110K08/230.14 mi43, John Street, Resolven, Neath, Neath Port Talbot SA11 4LA3
£50K02/210.15 mi22, John Street, Resolven, Neath, Neath Port Talbot SA11 4LB3
£160.3K05/210.15 mi25, Rheola Avenue, Resolven, Neath, Neath Port Talbot SA11 4HL3
£150.5K06/210.15 mi5, Rheola Avenue, Resolven, Neath, Neath Port Talbot SA11 4HL3
£160K10/230.15 mi8, Rheola Avenue, Resolven, Neath, Neath Port Talbot SA11 4HL3
£256K12/220.15 mi8, Perth Y Dion, Resolven, Neath, Neath Port Talbot SA11 4NJ3
£100K05/210.16 mi4, Ynys Fawr Avenue, Resolven, Neath, Neath Port Talbot SA11 4LT3
£117K01/230.18 mi39, Ynys Fawr Avenue, Resolven, Neath, Neath Port Talbot SA11 4LS3
£175K08/210.18 mi12, Heol Herbert, Resolven, Neath, Neath Port Talbot SA11 4AG3
£120K03/210.19 mi4, Davies Terrace, Resolven, Neath, Neath Port Talbot SA11 4NE3
£135K11/230.19 mi46, Neath Road, Resolven, Neath, Neath Port Talbot SA11 4AH3
£155K11/230.19 mi51, Neath Road, Resolven, Neath, Neath Port Talbot SA11 4AH3
£143.5K04/210.2 mi8, Nant Y Gleisaid, Resolven, Neath, Neath Port Talbot SA11 4AL3
£150K03/210.22 mi29, Maes Y Tyra, Resolven, Neath, Neath Port Talbot SA11 4NN3
£155K06/230.22 mi4, Maes Y Tyra, Resolven, Neath, Neath Port Talbot SA11 4NN3
£90K11/200.22 mi95, John Street, Resolven, Neath, Neath Port Talbot SA11 4LD3
£245K11/230.22 mi12, Woodlands Terrace, Resolven, Neath, Neath Port Talbot SA11 4NG3
£236K04/240.29 mi1, Glynneath Road, Resolven, Neath, Neath Port Talbot SA11 4DP3
£127K02/210.41 mi88, Neath Road, Resolven, Neath, Neath Port Talbot SA11 4AN3
£105K10/230.78 mi21, Bryn Terrace, Melincourt, Neath, Neath Port Talbot SA11 4AS3
£130K06/210.78 mi25, Bryn Terrace, Melincourt, Neath, Neath Port Talbot SA11 4AS3
£167.5K02/210.82 mi7, Neath Road, Abergarwed, Neath, Neath Port Talbot SA11 4DN3

Local Rents

10 rents from £595/mo to £875/mo, average is £748/mo.

RentDateDistanceAddressBeds 
£75011/230.04 mi-2
£69504/240.12 mi-3
£75008/240.15 miLyons Place , Resolven , Neath 2
£59507/230.15 mi-1
£64512/240.15 mi-1
£74512/240.17 mi-2
£75011/230.17 mi-2
£74502/250.17 mi-2
£87511/240.8 mi-3
£79509/240.8 mi-3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

3.67 miles away

Nearest school

0.20 miles away

Nearest train station

5.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £75,995

October 3, 2024

Sold for £17,000

1998

Floor Plans

Description

  • EPC RATING TBC +
  • LEVEL LOCATION +
  • CLOSE TO THE A465 TRUNK ROAD +
  • IN NEED OF A PROGRAMME OF MODERNISATION AND IMPROVEMENT +
  • 2 RECEPTION ROOMJS +
  • KITCHEN +
  • GROUND FLOOR SHOWER ROOM +
  • 3 BEDROOMS TO THE FIRST FLOOR +
  • GOOD SIZE LEVEL REAR +

Situated on a level location within the village of Resolven, affording easy access for the A465, an opportunity to acquire a mid-terraced property in need of a programme of modernisation and improvement, however, offering good size accommodation, which benefits from gas central heating and double glazing, comprising entrance porch, hallway, 2 reception rooms, kitchen and shower room to the ground floor and 2 double bedrooms and 1 single bedroom to the first floor. Outside, there is a good size garden to the rear with hardstanding for parking or the erection of a single garage.

Main Dwelling -

Front Double Glazed Entrance Door Into: -

Entrance Porch - 1.07m x 0.86m (3'6" x 2'9") - With glazed inner door into:

Entrance Hallway - 5.80m x 0.87m (19'0" x 2'10") - With radiator, stairs to first floor.

Front Room - 3.67m x 3.03m (12'0" x 9'11") - With tiled open fireplace, radiator, double glazed window to front.

Rear Reception Room - 3.71m x 3.35m (12'2" x 10'11") - With tiled fireplace, radiator, understairs storage cupboard, double glazed window to kitchen,

Kitchen - 3.53m x 2.40m (11'6" x 7'10") - With fitted base and wall units in Walnut effect with black marble effect work surfaces, stainless steel sink unit5, space for washing machine and fridge/freezer, built-in electric oven, separate gas hob, tiled floor, part tiled walls, double glazed window and door to rear.

Shower Room - 3.91m x 1.18m (12'9" x 3'10") - With 3 piece suite comprising w.c., wash hand basin, shower cubicle, respatex to walls, tiled floor, radiator.

First Floor -

Landing Area - 3.76m x 1.62m (12'4" x 5'3") - With double glazed window to rear.

Bedroom One - 3.82m x 2.42m (12'6" x 7'11") - With double glazed window to front, radiator.

Bedroom Two - 2.96m x 2.80m (9'8" x 9'2") - With cupboard housing gas central heating boiler, double glazed window to rear.

Bedroom Three - 2.83m x 2.19m (9'3" x 7'2") - With double glazed window to front, small access to attic space.

Outside - Enclosed good size garden to rear which is in need of cultivation. There are double access gates from rear lane to a concrete hardstanding providing off-road parking.

Agents Note - Council Tax Band A with an annual payment of £1521

Agents Note - Mobile Coverage
EE
Vodafone
Three
O2

Broadband
Basic
17 Mbps
Superfast
80 Mbps

Satellite / Fibre TV Availability
BT
Sky
Virgin

Agent Details

Astleys, Neath

01639 501174

Next Steps?

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