2 Bed Terraced House, Refurb/BRRR, Swansea, SA1 8EU, £130,000

St. Leger Crescent, St. Thomas, Swansea, SA1 8EU - 1 views - 6 months ago

Refurb/BRRR
ROI: 9%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£65K - £280K
Sold Prices/m²£844/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£103,032

 

 

End Value (After Refurb)

£128,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Refurb Costs

£27,830

Bridging Loan Interest

£3,413

Total Cash In

£73,193

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£128,000

Mortgage (After Refinance)

£96,000

Mortgage LTV

75%

Cash Left In

£73,193

Equity

£32,000

Rent Range

£720 - £2,400

Rent Estimate

£1,211

Running Costs/mo

£662

Cashflow/mo

£549

Cashflow/yr

£6,586

ROI

9%

Gross Yield

11%

Local Sold Prices

40 sold prices from £65K to £280K, average is £110K. £844/m² to £4.1K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£117K03/230.09 mi59, Grenfell Park Road, St Thomas, Swansea SA1 8EY2
£115K04/210.1 mi2, Balaclava Street, St Thomas, Swansea SA1 8BS2
£97.5K12/200.14 mi17, Inkerman Street, St Thomas, Swansea SA1 8BX2
£85K10/230.19 mi12, Kinley Street, St Thomas, Swansea SA1 8HF2
£144K03/230.27 mi15, Upton Terrace, St Thomas, Swansea SA1 8HL2
£113K06/210.28 mi40, Windmill Terrace, St Thomas, Swansea SA1 8DN2
£95K01/210.4 mi3, Canaan Row, St Thomas, Swansea SA1 8EQ2
£215K03/230.4 mi137c, Kilvey Road, St Thomas, Swansea SA1 8EE2
£128K11/210.44 mi17, Ormsby Terrace, Port Tennant, Swansea SA1 8JY2
£131K03/210.44 mi15, Ormsby Terrace, Port Tennant, Swansea SA1 8JY2
£117K05/230.6 mi16, Hafod Street, Swansea SA1 2HA2
£92K11/200.61 mi47, Hafod Street, Swansea SA1 2HB2
£140K07/220.64 mi5, Abernethy Quay, Maritime Quarter, Swansea SA1 1UF2
£105K03/210.65 mi28, Vernon Street, Swansea SA1 2EZ2
£65K01/210.65 mi29, Vernon Street, Swansea SA1 2EZ2
£120K02/230.68 mi38, Villiers Street, Swansea SA1 2HD2
£72K07/230.69 mi9, Jersey Street, Swansea SA1 2HF2
£280K08/220.74 mi28, Marine Walk, Maritime Quarter, Swansea SA1 1YQ2
£85K03/230.76 mi9, Short Street, Swansea SA1 6YG2
£120K04/230.76 mi10, Short Street, Swansea SA1 6YG2
£115K02/230.79 mi84, Aberdyberthi Street, Swansea SA1 2NH2
£189.9K04/230.8 mi26, Mount Pleasant, Swansea SA1 6EE2
£70K02/210.82 mi20, Winston Street, Swansea SA1 6XX2
£115K04/210.83 mi18, Milton Terrace, Swansea SA1 6XP2
£110K11/210.83 mi32, Crymlyn Street, Port Tennant, Swansea SA1 8NX2
£81K11/210.85 mi84, Llangyfelach Street, Swansea SA1 2BQ2
£65K02/230.86 mi3, Colbourne Terrace, Swansea SA1 6FP2
£85K07/230.87 mi69, North Hill Road, Swansea SA1 6XS2
£104K07/210.87 mi63, North Hill Road, Swansea SA1 6XS2
£115K02/230.91 mi2, Gerald Street, Swansea SA1 2LY2
£71.5K11/220.91 mi43, Gerald Street, Swansea SA1 2LY2
£125K05/230.93 mi5, Odo Street, Swansea SA1 2LT2
£150K11/200.94 mi16, Clarence Street, Swansea SA1 3QR2
£110K02/210.95 mi23, Recorder Street, Swansea SA1 3RX2
£110K08/210.96 mi5, Skinner Street, Swansea SA1 6FU2
£110K05/210.96 mi22, Gerald Street, Swansea SA1 2LZ2
£108K03/210.97 mi14, Rhondda Street, Swansea SA1 6ER2
£70K03/230.98 mi32, Colbourne Terrace, Swansea SA1 6FW2
£95.5K09/230.98 mi19, Terrace Road, Swansea SA1 6HN2
£144.6K03/230.99 mi34, William Street, Swansea SA1 3QS2

Local Rents

50 rents from £720/mo to £2.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£80008/240.13 miInkerman Street, St Thomas, Swansea2
£90007/240.16 mi-2
£90007/240.16 mi-2
£90008/240.16 mi-2
£90001/250.16 mi-2
£87503/250.23 mi-2
£85004/250.23 mi-2
£1,20001/250.27 mi-2
£1,20001/250.27 mi-2
£1,20003/250.27 mi-2
£1,20003/250.27 mi-2
£1,20003/250.31 mi-2
£1,10008/240.32 miAltamar, Kings Road, SWANSEA2
£1,40011/240.35 mi-2
£1,70002/240.35 mi-2
£1,20008/240.35 miKings Road, South Quay, Swansea Bay. SA1 8AJ2
£1,25008/240.35 miSouth Quay, Kings Road, Maritime Quarter2
£1,20008/240.35 miSouth Quay, Kings Road, SWANSEA2
£1,25008/240.36 miKings Road, SWANSEA2
£1,40008/240.36 miSouth Quay, Swansea2
£79512/240.37 mi-2
£1,30002/250.37 mi-2
£1,30010/240.38 mi-2
£1,30004/250.38 mi-2
£90012/240.38 mi-2
£2,40008/240.38 mi-2
£85008/240.42 mi-2
£72008/240.42 miPort Tennant Rd, Port Tennant, Swansea2
£78008/240.42 miPort Tennant Road, Port Tennant, Swansea2
£1,00008/240.46 miPocketts Wharf, Maritime Quarter, SWANSEA2
£1,20008/240.48 miReginald Street, Port Tennant, SWANSEA2
£1,25008/240.49 miSir Harry Secombe Court, SWANSEA2
£2,15012/240.5 mi-2
£2,00012/240.5 mi-2
£2,00002/250.5 mi-2
£1,10008/240.5 miMonmouth House, Mannheim Quay, Maritime Quarter2
£1,30008/240.55 miMaritime Quarter, SWANSEA2
£1,25008/240.55 miMarina Villas, Trawler Road, Maritime Quarter2
£1,00008/240.56 miSt Stephens Court, Maritime Quarter, Swansea, SA12
£1,40009/240.58 mi-2
£1,40008/240.58 miCastle Buildings, Swansea, SA12
£1,20008/240.58 miSt Stephens Court, Maritime Quarter, SWANSEA2
£1,25008/240.58 miAurora, Trawler Road, Maritime Quarter, SWANSEA2
£1,20008/240.58 miAurora, Trawler Road, Maritime Quarter2
£1,25008/240.58 miAurora, Trawler Road, Maritime Quarter2
£1,25008/240.58 miAurora, Trawler Road, Maritime Quarter2
£1,20008/240.59 miCastle Lofts, Castle Street, Swansea SA1 1JH2
£94002/250.59 mi-2
£85001/250.59 mi-2
£1,15008/240.59 mi-2

Local Area Statistics

Population in SA1

47,355

Population in Swansea

269,408

Town centre distance

2.45 miles away

Nearest school

0.10 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £130,000

October 10, 2024

Floor Plans

Description

  • COUNCIL TAX A +
  • Mid Terrace +
  • Two Bedrooms +
  • No Ongoing Chain +
  • Close To Amenities +

SUMMARY
Traditional terraced property located in the popular residential area of St Thomas. Convenient for the city centre and new Bay Campus (Swansea University). The property could benefit from some modernisation and is an ideal investment or first home. Viewing is essential to appreciate the property.

DESCRIPTION
Traditional terraced property located in the popular residential area of St Thomas. Convenient for the city centre and new Bay Campus (Swansea University). The accommodation comprises: kitchen/ dining area, conservatory and lounge to the ground floor, Ascending to the first floor is two good sized bedrooms and family bathroom. Externally, to front of the property is on street parking and to the rear a good sized, enclosed garden. The property could benefit from some modernisation and is an ideal investment or first home. Viewing is essential to appreciate the property.

Ground Floor 

Kitchen/ Dining Area 15' 4" Max x 11' 9" Max ( 4.67m Max x 3.58m Max )

Lounge 15' 2" x 11' Max ( 4.62m x 3.35m Max )

Conservatory 8' 4" x 10' 2" ( 2.54m x 3.10m )

First Floor 

Landing 

Bedroom One  11' 1" Max x 9' 11" Max ( 3.38m Max x 3.02m Max )

Bedroom Two  15' 1" Max x 8' 6" Max ( 4.60m Max x 2.59m Max )

Bathroom  

Rear Garden  

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, Swansea

01792 949483

Next Steps?

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