3 Bed Terraced House, Refurb/BRRR, Swansea, SA1 8HF, £100,000

16 Kinley Street, Swansea, SA1 8HF - 9 views - 6 months ago

Refurb/BRRR
ROI: 7%
91 m²
+10 photos

ValuationUndervalued

Sold Prices£45K - £400K
Sold Prices/m²£908/m² - £3.1K/m²

 

 

Square Metres

91 m²
Price/m²£1.1K/m²

Value Estimate

£133,824
BMV3%

 

 

End Value (After Refurb)

£139,634

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£37,183

Bridging Loan Interest

£2,625

Total Cash In

£71,658

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£139,634

Mortgage (After Refinance)

£104,726

Mortgage LTV

75%

Cash Released

£29,726

Cash Left In

£41,932

Equity

£34,909

Rent Range

£900 - £2,000

Rent Estimate

£1,191

Running Costs/mo

£695

Cashflow/mo

£496

Cashflow/yr

£5,957

ROI

8%

Gross Yield

14%

Local Sold Prices

50 sold prices from £45K to £400K, average is £134.5K. £908/m² to £3.1K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£130K08/230.03 mi27, Middleton Street, St Thomas, Swansea SA1 8HH3
£129K07/210.06 mi103, Grenfell Park Road, St Thomas, Swansea SA1 8EZ3
£70K04/210.06 mi120, Grenfell Park Road, St Thomas, Swansea SA1 8EZ3
£100K11/210.06 mi116, Grenfell Park Road, St Thomas, Swansea SA1 8EZ3
£125K08/210.06 mi89, Grenfell Park Road, St Thomas, Swansea SA1 8EZ3
£190K02/210.11 mi43, Margaret Terrace, St Thomas, Swansea SA1 8HN3
£105K08/210.12 mi5, Port Tennant Road, Swansea SA1 8JF3
£106K09/210.16 mi65, St Leger Crescent, St Thomas, Swansea SA1 8ET3
£180K04/210.16 mi16, Danygraig Road, Port Tennant, Swansea SA1 8LY3
£90K07/230.16 mi2, Danygraig Road, Port Tennant, Swansea SA1 8LY3
£100K11/200.18 mi157, Port Tennant Road, Port Tennant, Swansea SA1 8JN3
£153K05/230.23 mi14, Lewis Street, St Thomas, Swansea SA1 8BP3
£150.7K02/230.23 mi50, Sebastopol Street, St Thomas, Swansea SA1 8BL3
£77K07/230.23 mi45, Delhi Street, St Thomas, Swansea SA1 8BW3
£150K02/210.24 mi69, Sebastopol Street, St Thomas, Swansea SA1 8BL3
£120K05/230.24 mi64, Grenfell Park Road, St Thomas, Swansea SA1 8EY3
£125K11/200.25 mi21, Sebastopol Street, St Thomas, Swansea SA1 8BN3
£140K09/210.28 mi36, Balaclava Street, St Thomas, Swansea SA1 8BR3
£127K06/210.28 mi48, Balaclava Street, St Thomas, Swansea SA1 8BR3
£130K07/210.29 mi9, Reginald Street, Port Tennant, Swansea SA1 8JX3
£45K03/210.31 mi37, Inkerman Street, St Thomas, Swansea SA1 8BU3
£126K12/200.32 mi26, Baglan Street, Port Tennant, Swansea SA1 8JZ3
£145K05/210.33 mi14, Elmhurst Crescent, St Thomas, Swansea SA1 8EA3
£142K11/200.33 mi8, Elmhurst Crescent, St Thomas, Swansea SA1 8EA3
£145K06/210.37 mi5, Lydford Avenue, St Thomas, Swansea SA1 8DX3
£115K11/200.4 mi4, Beaumont Crescent, St Thomas, Swansea SA1 8DW3
£159.9K05/230.4 mi41, Kilvey Terrace, St Thomas, Swansea SA1 8BA3
£95K06/230.4 mi12, Kilvey Terrace, St Thomas, Swansea SA1 8BA3
£145K11/200.4 mi74, Ysgol Street, Port Tennant, Swansea SA1 8LE3
£180K01/230.43 mi70, Windmill Terrace, St Thomas, Swansea SA1 8DN3
£150K11/210.44 mi27, Windmill Terrace, St Thomas, Swansea SA1 8DN3
£176K09/230.45 mi11, Pant Street, Port Tennant, Swansea SA1 8ND3
£129K07/210.46 mi41, Pant Street, Port Tennant, Swansea SA1 8ND3
£163K02/210.47 mi3, St Elmo Avenue, St Thomas, Swansea SA1 8DR3
£132K06/210.47 mi27, St Elmo Avenue, St Thomas, Swansea SA1 8DR3
£145K02/210.47 mi23, St Elmo Avenue, St Thomas, Swansea SA1 8DR3
£96K02/210.48 mi81, Kilvey Road, St Thomas, Swansea SA1 8EE3
£124K11/210.49 mi3, Tymawr Street, Port Tennant, Swansea SA1 8NE3
£120K12/210.52 mi16, Foxhole Road, St Thomas, Swansea SA1 8EH3
£113K01/210.53 mi81, Wern Fawr Road, Port Tennant, Swansea SA1 8LL3
£137K10/210.53 mi37, Gelli Street, Port Tennant, Swansea SA1 8NJ3
£110K09/210.64 mi36, Crymlyn Street, Port Tennant, Swansea SA1 8NX3
£140K07/230.65 mi105, Wern Fawr Road, Port Tennant, Swansea SA1 8LN3
£182K06/230.78 mi31, Ruston Road, Port Tennant, Swansea SA1 8DE3
£200K09/230.86 mi107, Marcroft Road, Port Tennant, Swansea SA1 8PN3
£188K10/200.87 mi80, Marcroft Road, Port Tennant, Swansea SA1 8NH3
£183K06/210.87 mi55, Marcroft Road, Port Tennant, Swansea SA1 8NH3
£195K06/230.9 mi15, Maliphant Street, Swansea SA1 2HH3
£220K06/220.91 mi80, Marcroft Road, Port Tennant, Swansea SA1 8NH3
£400K07/230.92 mi7, Marine Walk, Maritime Quarter, Swansea SA1 1YQ3

Local Rents

18 rents from £900/mo to £2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£98007/240.02 mi-3
£1,00008/240.03 miMiddleton Street, St. Thomas, SWANSEA3
£99508/240.06 mi-3
£1,30004/250.11 mi-3
£2,00002/250.16 mi-3
£2,00003/250.16 mi-3
£1,08008/240.21 miLewis Street, St Thomas, Swansea3
£90012/230.23 mi-3
£1,05008/240.23 mi-3
£1,05002/250.23 mi-3
£1,05008/240.24 miSebastopol Street, St Thomas, Swansea3
£1,09508/240.28 miBalaclava St, St Thomas, Swansea3
£1,12508/240.33 miDanygraig Road, Port Tennant, Swansea3
£95008/240.33 miElmhurst Crescent, St. Thomas3
£1,60008/240.35 miYr Hafan, SWANSEA3
£1,27508/240.46 miBay View, St Thomas, Swansea3
£1,50008/240.58 mi-3
£1,50008/240.58 miPocketts Wharf, Maritime Quarter, Swansea, SA13

Local Area Statistics

Population in SA1

47,355

Population in Swansea

269,408

Town centre distance

2.60 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £100,000

March 20, 2025

Price changed to £120,000

March 16, 2025

Price changed to £110,000

March 8, 2025

Listed for £130,000

October 31, 2024

Sold for £67,000

2017

Floor Plans

Description

  • Mid Terrace Property +
  • Sought After Location +
  • Partly Renovated +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Enclosed Rear Garden +
  • No Chain +
  • Ideal First Time Buy Or Investment +
  • Viewing Highly Recommended To Appreciate +

The Property
An exciting opportunity to own a three-bedroom mid-terrace home in the desirable area of St. Thomas, Swansea! This property offers spacious living in a prime location close to Swansea city centre, the lively SA1 Waterfront, and within easy access to local amenities, schools, and scenic waterfront paths. With excellent transport links nearby, commuting to surrounding areas is convenient.

The current owners have made significant renovations, completing most of the hard work, while leaving a few finishing touches for you to personalize the space to your taste.

The property layout includes:

Ground Floor: Welcoming entrance hall, two bright and versatile reception rooms, a fitted kitchen, and a family bathroom.

First Floor: Three well-sized bedrooms, offering ample space for family living or a home office setup.

Outside, you’ll find an enclosed, low-maintenance rear garden, ideal for relaxing or entertaining, complete with a practical garden shed for extra storage.

With no onward chain, this property is ready for a smooth purchase process. Whether you’re a first-time buyer or looking for an investment, 16 Kinley Street is a must-see.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Swansea

020 3889 9181

Next Steps?

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