2 Bed Flat, Single Let, Neath, SA11 3PT, £89,950

Lime Grove, Neath, Neath Port Talbot., SA11 3PT - 6 months ago

Sold STC

Leasehold

BTL

ROI: 11%

~68 m²

+3 photos

ValuationOvervalued

Sold Prices	£42K - £165K
Sold Prices/m²	£532/m² - £3.9K/m²

Square Metres	~68.11 m²
Price/m²	£1.3K/m²
Value Estimate	£82,206£82,206

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,488£22,488
Stamp Duty & Legal Fees	£5,698£5,698
Total Cash In	£28,185£28,185

Cash Out
Rent Range	£625 - £875£625 - £875
Rent Estimate	£695
Running Costs/mo	£440£440
Cashflow/mo	£255£255
Cashflow/yr	£3,059£3,059
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

26 sold prices from £42K to £165K, average is £75.1K. £532/m² to £3.9K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£75.3K	05/22	0.05 mi	28, Lime Grove, Neath, Neath Port Talbot SA11 3PU	£948	79	2	Flat
£148K	03/21	0.35 mi	5, Heol Isaf, Neath, Neath Port Talbot SA11 3SR	£2,145	69	2	Flat
£84K	04/21	0.58 mi	3, Highbury Court, Neath, Neath Port Talbot SA11 1TX	£1,585	53	2	Flat
£72K	05/22	0.9 mi	25a, Heol Penlan, Neath, Neath Port Talbot SA10 7LB	£944	76	2	Flat
£82K	05/21	1.13 mi	Flat 10, Garth-mor Court, Old Road, Neath, Neath Port Talbot SA11 2HW	-	-	2	Flat
£65K	06/24	1.31 mi	53b, Edith Mills Close, Neath, Neath Port Talbot SA11 2JL	-	-	2	Flat
£120K	10/21	1.52 mi	15, Curwen Close, Pontrhydyfen, Port Talbot, Neath Port Talbot SA12 9UT	-	-	2	Flat
£80K	12/22	1.77 mi	40, Heol Illtyd, Neath, Neath Port Talbot SA10 7SF	£1,377	58	2	Flat
£56.3K	09/21	1.84 mi	11b, Regent Street East, Neath, Neath Port Talbot SA11 2RR	£1,278	44	2	Flat
£62K	07/21	1.88 mi	42, Heol Catwg, Neath, Neath Port Talbot SA10 7SW	£1,069	58	2	Flat
£42K	03/23	1.88 mi	4, Heol Catwg, Neath, Neath Port Talbot SA10 7SW	£712	59	2	Flat
£62K	07/21	1.88 mi	42, Heol Catwg, Neath, Neath Port Talbot SA10 7SW	£1,069	58	2	Flat
£76.5K	01/22	1.88 mi	60, Heol Catwg, Neath, Neath Port Talbot SA10 7SW	£1,275	60	2	Flat
£85K	11/22	1.89 mi	79, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SH	-	-	2	Flat
£75K	06/22	1.91 mi	46, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SP	-	-	2	Flat
£60K	03/21	1.91 mi	80, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SP	£1,017	59	2	Flat
£50K	01/21	1.94 mi	18, Gelli Dawel, Neath, Neath Port Talbot SA10 7PW	£532	94	2	Flat
£82K	05/22	2.2 mi	30, Hawthorn Avenue, Baglan, Port Talbot, Neath Port Talbot SA12 8PG	£1,139	72	2	Flat
£70K	01/22	2.21 mi	15, White Gates Court, Skewen, Neath, Neath Port Talbot SA10 6AS	-	-	2	Flat
£88K	08/22	2.24 mi	26, Lon Glyn Felin, Neath, Neath Port Talbot SA10 7HU	£1,443	61	2	Flat
£75K	06/21	2.26 mi	90a, Fairwood Drive, Port Talbot, Neath Port Talbot SA12 8NU	£962	78	2	Flat
£120K	01/21	2.36 mi	1, Burrows Road, Skewen, Neath, Neath Port Talbot SA10 6AE	£2,727	44	2	Flat
£59K	11/21	2.56 mi	176, Penllyn, Cwmavon, Port Talbot, Neath Port Talbot SA12 9NP	-	-	2	Flat
£59K	11/21	2.56 mi	176, Penllyn, Cwmavon, Port Talbot, Neath Port Talbot SA12 9NP	-	-	2	Flat
£165K	12/20	2.71 mi	1, Heol Y Nant, Baglan, Port Talbot, Neath Port Talbot SA12 8ER	£3,929	42	2	Flat
£133.5K	02/22	2.96 mi	17, Crown Way, Llandarcy, Neath, Neath Port Talbot SA10 6FD	£2,036	66	2	Flat

Local Rents

23 rents from £625/mo to £875/mo, average is £795/mo.

Rent	Date	Distance	Address	Beds	Type
£625	12/24	0.15 mi	-	2	Flat
£875	12/24	0.38 mi	Ridgewood Gardens, Cimla, NEATH	2	House
£725	10/24	0.88 mi	-	2	Flat
£695	08/24	0.91 mi	London Road, Neath,	2	Flat
£750	10/24	0.92 mi	-	2	Terraced House
£795	12/24	0.93 mi	-	2	Terraced House
£795	12/24	0.93 mi	-	2	Terraced House
£745	03/25	0.94 mi	-	2	Terraced House
£700	09/24	0.94 mi	-	2	Terraced House
£700	12/24	0.95 mi	-	2	Terraced House
£695	12/24	0.98 mi	-	2	Terraced House
£650	08/24	0.99 mi	-	2	Terraced House
£800	12/24	1.01 mi	Henry Street, NEATH	2	House
£845	11/23	1.02 mi	-	2	Terraced House
£845	11/23	1.02 mi	-	2	Terraced House
£795	12/24	1.05 mi	-	2	Terraced House
£700	12/24	1.15 mi	-	2	Terraced House
£845	08/24	1.19 mi	-	2	Terraced House
£845	08/24	1.19 mi	-	2	Terraced House
£845	12/24	1.19 mi	-	2	Terraced House
£845	12/24	1.19 mi	-	2	Terraced House
£795	10/24	1.19 mi	-	2	Terraced House
£795	11/24	1.19 mi	-	2	Terraced House

Local Area Statistics

Population in SA11	36,61636,616
Population in Neath	66,68966,689
Town centre distance	2.09 miles away2.09 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.16 miles away1.16 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+14%+14%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+35%+35%

Property History

Listed for £89,950

October 21, 2024

Floor Plans

Description

GROUND FLOOR FLAT +
2 BEDROOMS +
LOUNGE +
KITCHEN +
BATHROOM +
ENCLOSED REAR GARDEN +
IDEAL FIRST PURCHASE / INVESTMENT +

IDEAL FIRST PURCHASE / INVESTMENT
Ground floor flat, situated in Cimla Neath. Property offers; Entrance to hallway, lounge, kitchen, bathroom, 2 Bedrooms & enclosed rear garden. The flat has recently benefited from some modernising, with gas central heating & double glazing. Situated close to local amenities, shops, schools, regular bus service & good road links to the M4 corridor. Viewing is highly recommended to appreciate this spacious flat, call us today to book your viewing......

Agent Details

Clee Tompkinson & Francis, Neath

01639 501239

Next Steps?

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

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