5 Bed HMO, Swansea, SA1 3JX, £200,000

Western Street, Swansea, SA1 3JX - 13 views - 6 months ago

Sold STC
HMO
ROI: 14%
~178 m²
+12 photos

ValuationUndervalued

Sold Prices£81K - £675K
Sold Prices/m²£858/m² - £3.3K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.1K/m²

Value Estimate

£240,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Room Rate

£464

Gross Rent

£2,320

Running Costs/mo

£1,643

Cashflow/mo

£677

Cashflow/yr

£8,125

ROI

14%

Gross Yield

14%

Local Sold Prices

22 sold prices from £81K to £675K, average is £266.8K. £858/m² to £3.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£188.5K12/200.23 mi7, Catherine Street, Swansea SA1 4JT5
£248.5K07/230.34 mi3, Woodlands Terrace, Swansea SA1 6BR5
£115K04/230.5 mi17, Stanley Terrace, Swansea SA1 6EW5
£165K04/230.5 mi89, Terrace Road, Swansea SA1 6HP5
£390K01/210.52 mi44, Eaton Crescent, Swansea SA1 4QL5
£81K05/230.53 mi25, Terrace Road, Swansea SA1 6HN5
£285K11/220.53 miHighbay, Fairfield Terrace, Swansea SA1 6JX5
£330K02/230.55 mi8, Mirador Crescent, Uplands, Swansea SA2 0QX5
£305K10/210.55 mi8, Mirador Crescent, Uplands, Swansea SA2 0QX5
£323K06/210.55 mi158, Terrace Road, Swansea SA1 6HX5
£325K11/210.56 mi15, Richmond Road, Uplands, Swansea SA2 0RB5
£300K08/210.57 mi52, Eaton Crescent, Swansea SA1 4QN5
£442.5K06/210.57 mi23, Hillside Crescent, Uplands, Swansea SA2 0RD5
£234.9K09/210.63 mi6, Finsbury Terrace, Brynmill, Swansea SA2 0AH5
£208K02/210.75 mi76, Marlborough Road, Brynmill, Swansea SA2 0DZ5
£211K05/230.75 mi144, Rhyddings Terrace, Brynmill, Swansea SA2 0DR5
£587.5K10/220.81 mi9, Eden Avenue, Uplands, Swansea SA2 0PS5
£675K03/230.83 mi19, Eden Avenue, Uplands, Swansea SA2 0PS5
£500K03/210.85 mi55, Sketty Road, Swansea SA2 0EN5
£165K11/200.88 mi31, Waterloo Place, Brynmill, Swansea SA2 0DE5
£190K07/210.91 mi5, Penbryn Terrace, Brynmill, Swansea SA2 0DA5
£190K07/210.92 mi5, Penbryn Terrace, Brynmill, Swansea SA2 0DA5

Local Area Statistics

Population in SA1

47,355

Population in Swansea

269,408

Town centre distance

2.11 miles away

Nearest school

0.10 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £200,000

October 4, 2024

Sold for £154,000

2018

Sold for £116,000

2013

Sold for £48,000

2002

Floor Plans

Description

  • Five Bedrooms +
  • Terraced +
  • HMO +
  • No Onward Chain +
  • Investment Opportunity +
  • City Centre +

Introducing a fantastic investment opportunity in the heart of Swansea! This well-maintained 5-bedroom HMO (House in Multiple Occupation) terraced house is ideally situated just moments from the city centre, making it perfect for student or professional rentals.

Key Features:

Generous Living Space: The property boasts a bright and airy living area that provides a comfortable space for residents to relax and unwind.

Five Well-Proportioned Bedrooms: Each bedroom is spacious and designed to offer privacy and comfort, with ample natural light and essential furnishings for modern living.

Fully Equipped Kitchen: The contemporary kitchen comes complete with essential appliances and ample storage, catering to the needs of multiple residents. There’s also a dining area, perfect for communal meals.

Two Bathrooms: Featuring two well-maintained bathrooms, this property ensures convenience and minimizes wait times for tenants.

Low-Maintenance Outdoor Space: A small yard at the rear offers a private outdoor area for relaxation or socializing, making it an ideal spot for summer gatherings.

Prime Location: Located in a vibrant neighbourhood, this property is just a short walk from local amenities, including shops, restaurants, and public transport links. Its proximity to universities and the city centre makes it an attractive option for students and professionals alike.

Agent Details

John Francis, Swansea

01792 949594

Next Steps?

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