3 Bed Terraced House, Refurb/BRRR, Neath, SA11 1PW, £75,000

35 King Street, SA11 1PW - 1 views - 6 months ago

BTL
Refurb/BRRR
ROI: 7%
79 m²
+4 photos

ValuationUndervalued

Sold Prices£62K - £270K
Sold Prices/m²£538/m² - £3.2K/m²

 

 

Square Metres

79 m²
Price/m²£949/m²

Value Estimate

£77,250
BMV3%

 

 

End Value (After Refurb)

£92,167

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£32,026

Bridging Loan Interest

£1,969

Total Cash In

£59,445

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£92,167

Mortgage (After Refinance)

£69,125

Mortgage LTV

75%

Cash Released

£12,875

Cash Left In

£46,570

Equity

£23,042

Rent Range

£700 - £1,150

Rent Estimate

£839

Running Costs/mo

£476

Cashflow/mo

£363

Cashflow/yr

£4,358

ROI

7%

Gross Yield

13%

Local Sold Prices

48 sold prices from £62K to £270K, average is £106K. £538/m² to £3.2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£112K05/230.07 mi23, Osborne Street, Neath, Neath Port Talbot SA11 1NN3
£70.5K12/200.08 mi30, Pendrill Street, Neath, Neath Port Talbot SA11 1BP3
£71.5K12/230.08 mi39, Pendrill Street, Neath, Neath Port Talbot SA11 1BP3
£90K10/230.09 mi9, Charles Street, Neath, Neath Port Talbot SA11 1NF3
£85K06/210.11 mi7, Brookdale Street, Neath, Neath Port Talbot SA11 1PB3
£130K01/230.11 mi107, Windsor Road, Neath, Neath Port Talbot SA11 1NS3
£128K07/240.11 mi103, Windsor Road, Neath, Neath Port Talbot SA11 1NS3
£83.5K06/210.13 mi67, Pendrill Street, Neath, Neath Port Talbot SA11 1BW3
£115K02/230.13 mi31, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£115K03/210.13 mi48, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£118K01/240.13 mi18, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£90K12/200.15 mi7, Ropewalk Terrace, Neath, Neath Port Talbot SA11 1EP3
£95K03/230.17 mi49, Whittington Street, Neath, Neath Port Talbot SA11 1AN3
£150K03/230.17 mi28, London Road, Neath, Neath Port Talbot SA11 1LE3
£160K07/230.17 mi48, London Road, Neath, Neath Port Talbot SA11 1LE3
£160K07/230.17 mi48, London Road, Neath, Neath Port Talbot SA11 1LE3
£119K06/230.18 mi36, Whittington Street, Neath, Neath Port Talbot SA11 1AW3
£170K11/200.19 mi118, London Road, Neath, Neath Port Talbot SA11 1HL3
£107K08/230.2 mi21, Briton Ferry Road, Neath, Neath Port Talbot SA11 1AF3
£150K09/210.21 mi13, Geoffrey Street, Neath, Neath Port Talbot SA11 1HU3
£87K09/230.22 mi56, Eastland Road, Neath, Neath Port Talbot SA11 1HY3
£130K03/230.25 mi25, Llewellyn Street, Neath, Neath Port Talbot SA11 1EJ3
£103K08/240.25 mi3, Llewellyn Street, Neath, Neath Port Talbot SA11 1EJ3
£87K12/200.25 mi20, Eastland Road, Neath, Neath Port Talbot SA11 1HS3
£147.5K12/230.25 mi15, Eastland Road, Neath, Neath Port Talbot SA11 1HS3
£92.5K07/210.25 mi42, Greenway Road, Neath, West Glamorgan SA11 1HG3
£100K11/210.25 mi41, Greenway Road, Neath, Neath Port Talbot SA11 1HG3
£78K11/210.26 mi9, Creswell Road, Neath, Neath Port Talbot SA11 1HE3
£103K03/210.27 mi40, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£115K10/230.27 mi43, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£72K11/200.28 mi10, George Street, Neath, Neath Port Talbot SA11 1TT3
£140K03/210.28 mi12, Bilton Road, Neath, Neath Port Talbot SA11 1YU3
£89.5K07/210.3 mi51, Danygraig Road, Neath, Neath Port Talbot SA11 1UA3
£270K03/210.31 mi5, Wellfield Square, Neath, Neath Port Talbot SA11 1YY3
£177K10/210.31 mi3, Wellfield Square, Neath, Neath Port Talbot SA11 1YY3
£200K03/210.31 mi16, Victoria Gardens, Neath, Neath Port Talbot SA11 3BE3
£62K11/200.31 mi10, Taylors Row, Neath, Neath Port Talbot SA11 1SY3
£75K08/210.33 mi16, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£85K03/240.33 mi22, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£162.5K05/240.34 mi52, Wellfield Avenue, Neath, Neath Port Talbot SA11 1AX3
£165K08/210.35 mi24, Hillside, Neath, Neath Port Talbot SA11 1TS3
£105K06/230.35 mi9, Hillside, Neath, Neath Port Talbot SA11 1TS3
£212K05/230.35 mi12, Ena Avenue, Neath, Neath Port Talbot SA11 3AD3
£103.5K12/200.35 mi4, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£165K04/210.35 mi8, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£100K06/210.37 mi11, Roman Way, Neath, Neath Port Talbot SA10 7BE3
£70K06/230.37 mi1, Old Road, Neath, Neath Port Talbot SA11 2BS3
£90K01/230.38 mi51, Dalton Road, Neath, Neath Port Talbot SA11 1UG3

Local Rents

14 rents from £700/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£80008/240.07 miElias Street, Neath, Neath Port Talbot.3
£90008/240.07 miOsborne Street, NEATH3
£90008/240.11 miBrookdale Street, NEATH3
£80012/240.13 mi-3
£79511/240.19 mi-3
£79512/240.27 mi-3
£79512/240.27 mi-3
£70009/240.27 mi-3
£80012/240.28 miGeorge Street, NEATH3
£75008/240.35 mi-3
£92512/240.36 miWellfield Avenue, Neath3
£75012/240.41 mi-3
£1,15009/230.43 mi-3
£84503/250.43 mi-3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

2.60 miles away

Nearest school

0.30 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £75,000

October 17, 2024

Description

  • Council Tax B +
  • Three Double Bedrooms +
  • Enclosed Rear Garden With Rear Access +
  • Renovation Opportunity +
  • Town Centre Location +

SUMMARY
PUBLIC NOTICE
ADDRESS; 35 King Street, SA11 1PW
We are acting in the sale of the above property and have received an offer of £78,000
Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place
EPC Rating: D

DESCRIPTION
PUBLIC NOTICE
ADDRESS; 35 King Street, SA11 1PW
We are acting in the sale of the above property and have received an offer of £78,000
Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place
EPC Rating: D
A spacious, three double bedroom property for sale with no on-going chain. Situated within walking distance to Neath Town Centre with all it's amenities, including public transport links. This home would make an ideal first time buy or buy to let opportunity, internally comprising of an entrance hall, an open plan lounge diner, a kitchen and a bathroom to the ground floor and three generous size bedrooms to the first floor. To the rear of the property there is a low maintenance enclosed garden with rear lane access.
Internal viewings come highly recommended.

Agents Note
This property has an offer accepted subject to contract but is still currently available to view.

Entrance Hall 

Lounge 9' 9" x 10' 7" ( 2.97m x 3.23m )

Dining Area 11' 3" x 11' 1" ( 3.43m x 3.38m )

Kitchen 

Bathroom 

Landing 

Bedroom One 14' 4" x 10' ( 4.37m x 3.05m )

Bedroom Two 11' 4" x 8' 6" min ( 3.45m x 2.59m min )

Bedroom Three 10' 6" x 7' 4" ( 3.20m x 2.24m )

Rear Graden 
Rear Access

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, Neath

01639 505098

Next Steps?

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