2 Bed Bungalow, Refurb/BRRR, Merthyr Tydfil, CF47 0HT, £140,000

Fothergill Street, MERTHYR TYDFIL, CF47 0HT - 1 views - 5 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 2%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£43.5K - £192K
Sold Prices/m²£762/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£87,182

 

 

End Value (After Refurb)

£135,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Refurb Costs

£27,746

Bridging Loan Interest

£3,675

Total Cash In

£76,371

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,000

Mortgage (After Refinance)

£101,250

Mortgage LTV

75%

Cash Left In

£76,371

Equity

£33,750

Rent Range

£400 - £895

Rent Estimate

£705

Running Costs/mo

£583

Cashflow/mo

£122

Cashflow/yr

£1,466

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £43.5K to £192K, average is £95.5K. £762/m² to £2.5K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£100K11/210.09 mi19, Darren View, Merthyr Tydfil CF47 0HH2
£96K04/210.16 mi15, Tai Penyard, Merthyr Tydfil CF47 0LP2
£120K12/220.17 mi102, Trevethick Street, Merthyr Tydfil CF47 0HX2
£185K10/210.3 mi2, Penydarren Park, Merthyr Tydfil CF47 8YW2
£129.5K01/210.3 mi9, Blaenau'r Cwm, Merthyr Tydfil CF47 0JD2
£130K07/230.32 mi20, Bishops Grove, Merthyr Tydfil CF47 9LJ2
£147.5K01/230.33 mi20, Heritage Court, Merthyr Tydfil CF47 9AQ2
£128K06/230.35 mi12, Argyle Street, Merthyr Tydfil CF47 0NS2
£125K05/210.36 mi4, Clos Cwm Golau, Merthyr Tydfil CF47 0JA2
£127.5K01/230.4 mi25, St Tydfils Avenue, Merthyr Tydfil CF47 0NW2
£95K01/210.4 mi23, St Tydfils Avenue, Merthyr Tydfil CF47 0NW2
£110K06/230.41 mi23, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£90K03/210.41 mi13, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£88K03/210.41 mi4, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£90K09/230.41 mi18, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£43.5K11/200.42 mi2, Roberts Lane, Merthyr Tydfil CF47 8UF2
£135K02/230.43 mi7, Lloyds Terrace, Penydarren, Merthyr Tydfil CF47 9HT2
£52.3K05/210.43 mi1, Morrell Street, Merthyr Tydfil CF47 0NG2
£85K01/230.45 mi16, James Street, Merthyr Tydfil CF47 0NF2
£140K01/230.47 mi12, Queens Road, Merthyr Tydfil CF47 0NB2
£85K02/230.48 mi45, Church Street, Penydarren, Merthyr Tydfil CF47 9HR2
£73K09/210.49 mi73, Tramroadside North, Merthyr Tydfil CF47 0EG2
£115K08/230.49 mi73, Tramroadside North, Merthyr Tydfil CF47 0EG2
£78K01/210.49 mi24, Penuel Street, Merthyr Tydfil CF47 0PN2
£68.5K01/230.49 mi13, Garth Street, Merthyr Tydfil CF47 8LT2
£120K04/210.5 mi13, Aeron Terrace, Merthyr Tydfil CF47 0LN2
£100K05/210.51 mi21, Abermorlais Terrace, Merthyr Tydfil CF47 8HU2
£57K11/210.51 mi16, Abermorlais Terrace, Merthyr Tydfil CF47 8HU2
£100K06/230.52 mi16, Gilfach Cynon, Merthyr Tydfil CF47 0PW2
£95K06/210.52 mi5, Moriah Street, Merthyr Tydfil CF47 8LU2
£89K11/200.52 mi118, Gilfach Cynon, Merthyr Tydfil CF47 0PG2
£94K03/230.53 mi79, Twynyrodyn Road, Merthyr Tydfil CF47 0PT2
£105K04/210.54 mi12, Dane Street, Merthyr Tydfil CF47 8SF2
£73K08/210.55 mi1, Mary Street, Merthyr Tydfil CF47 0PY2
£69K06/210.56 mi5, Council Street, Merthyr Tydfil CF47 9DJ2
£55K03/210.58 mi65, Brecon Road, Merthyr Tydfil CF47 8NN2
£86K12/200.59 mi31, North Street, Penydarren, Merthyr Tydfil CF47 9HW2
£128K06/230.59 mi30, North Street, Penydarren, Merthyr Tydfil CF47 9HW2
£118K06/230.59 mi5, North Street, Penydarren, Merthyr Tydfil CF47 9HW2
£110K03/230.59 mi38, North Street, Penydarren, Merthyr Tydfil CF47 9HW2
£192K01/230.6 mi7, Llewellyn Street, Merthyr Tydfil CF47 8SR2
£122.5K11/210.6 mi27, Stuart Street, Merthyr Tydfil CF47 8SA2
£125K02/210.61 mi41, Trevithick Gardens, Merthyr Tydfil CF47 0RP2
£145K08/230.61 mi17, Trevithick Gardens, Merthyr Tydfil CF47 0RP2
£70K06/210.65 mi13, Brychan Place, Merthyr Tydfil CF47 8NW2
£70K11/200.68 mi6, Mount Street, Merthyr Tydfil CF47 8TN2
£82K03/210.68 mi1, Tydfil Terrace, Merthyr Tydfil CF47 8SY2
£81K06/210.68 mi7, Tydfil Terrace, Merthyr Tydfil CF47 8SY2
£72.5K04/210.69 mi7, Miles Street, Merthyr Tydfil CF47 8TB2
£89K11/200.7 mi20, Grawen Terrace, Merthyr Tydfil CF47 8TH2

Local Rents

21 rents from £400/mo to £895/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£79503/240.18 miTrevethick Street, Merthyr tydfil2
£64507/230.25 mi-2
£62002/250.25 mi-2
£77504/240.36 miClos Cwm Golau, Gelli Dawel2
£67504/240.42 miTramroad Terrace, MERTHYR TYDFIL2
£75005/240.43 miTramroadside North, MERTHYR TYDFIL2
£69503/240.44 miBrynglas Street, Penydarren, Merthyr Tydfil 2
£75003/240.45 miMerthyr tydfil2
£40004/240.51 miGilfach Cynon, MERTHYR TYDFIL2
£69507/230.51 mi-2
£67505/240.51 miAbermorlais Terrace, MERTHYR TYDFIL2
£85010/230.51 mi-2
£85004/240.51 mi-2
£85004/240.51 mi-2
£89511/240.51 mi-2
£85004/240.51 miGilfach Cynon, Merthyr Tydfil, CF472
£55003/240.52 miMoriah Street, Merthyr Tydfil2
£62506/230.52 mi-2
£65005/240.53 miTwynyrodyn Road, Merthyr Tydfil2
£65005/240.53 miBevan Place, Bethesda St, Georgetown2
£70003/240.59 miNorth Street, Penydarren, Merthyr Tydfil2

Local Area Statistics

Population in CF47

21,952

Population in Merthyr Tydfil

48,950

Town centre distance

0.88 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+48%

Property History

Price changed to £140,000

January 27, 2025

Price changed to £160,000

December 26, 2024

Listed for £180,000

November 1, 2024

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Council tax band C +
  • No onward chain +
  • Potential for modernisation +
  • Garage included +
  • Spacious garden with bags of potential +

SUMMARY
This charming bungalow featuring two bedrooms, a reception room with a fireplace, a spacious garden, and a garage, offers a unique opportunity for families, couples, or investors seeking a property with potential near local amenities and transport links, with the added benefit of no onward chain.

DESCRIPTION
This semi-detached bungalow is currently up for sale and presents a unique opportunity for families, couples, or investors seeking a property with potential. While the house is in need of some modernising, it offers a wealth of character and charm that could be enhanced to create a truly stunning home.

As you step inside, you are greeted by a home that offers space and functionality. There are two bedrooms, a reception room, and one bathroom. The reception room benefits from a feature fireplace, adding a touch of cosiness and warmth to the home. The kitchen, while simple, provides ample space.

One of the standout features of this property is the spacious garden and boasts a patio area to the front. It presents an excellent opportunity for those with vision. Additionally, the property comes with a garage, providing that much-needed extra storage or parking space.

Location is key with this property. It is ideally situated near local amenities, schools, and public transport links, making daily routines and commuting hassle-free. Moreover, the area boasts beautiful walking routes for those who appreciate the outdoors.

This property comes with the added benefit of no onward chain. Its unique features such as the fireplace and garage, combined with its potential for modernisation, make it a compelling choice for those looking for a home to make their own or an investment property. Don't miss out on this opportunity to acquire a property with immense potential.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Porch 

Living Room 16' 6" Max x 16' 5" Max ( 5.03m Max x 5.00m Max )

Hall 

Kitchen 10' 3" Max x 8' 4" Max ( 3.12m Max x 2.54m Max )

Bedroom 1 10' 3" Max x 12' 4" Max ( 3.12m Max x 3.76m Max )

Bedroom 2 12' 8" Max x 9' 2" Max ( 3.86m Max x 2.79m Max )

Shower Room 

Garage 21' 3" Max x 9' 5" Max ( 6.48m Max x 2.87m Max )

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, Merthyr Tydfil

01685 701136

Next Steps?

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