3 Bed Terraced House, Refurb/BRRR, Neath, SA11 1PA, £89,500

Florence Street, Neath, Neath Port Talbot., SA11 1PA - 6 views - 5 months ago

Refurb/BRRR
ROI: 6%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£62K - £270K
Sold Prices/m²£660/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£962/m²

Value Estimate

£97,850
BMV3%

 

 

End Value (After Refurb)

£110,770

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,375

Stamp Duty & Legal Fees

£4,050

Refurb Costs

£37,702

Bridging Loan Interest

£2,349

Total Cash In

£68,226

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,770

Mortgage (After Refinance)

£83,077

Mortgage LTV

75%

Cash Released

£15,952

Cash Left In

£52,274

Equity

£27,692

Rent Range

£700 - £1,150

Rent Estimate

£914

Running Costs/mo

£549

Cashflow/mo

£365

Cashflow/yr

£4,381

ROI

6%

Gross Yield

12%

Local Sold Prices

48 sold prices from £62K to £270K, average is £113.5K. £660/m² to £3.2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£85K06/210.05 mi7, Brookdale Street, Neath, Neath Port Talbot SA11 1PB3
£128K07/240.1 mi103, Windsor Road, Neath, Neath Port Talbot SA11 1NS3
£130K01/230.1 mi107, Windsor Road, Neath, Neath Port Talbot SA11 1NS3
£107K08/230.1 mi21, Briton Ferry Road, Neath, Neath Port Talbot SA11 1AF3
£95K03/230.11 mi49, Whittington Street, Neath, Neath Port Talbot SA11 1AN3
£115K02/230.12 mi31, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£115K03/210.12 mi48, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£118K01/240.12 mi18, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£70.5K12/200.12 mi30, Pendrill Street, Neath, Neath Port Talbot SA11 1BP3
£71.5K12/230.12 mi39, Pendrill Street, Neath, Neath Port Talbot SA11 1BP3
£87K09/230.12 mi56, Eastland Road, Neath, Neath Port Talbot SA11 1HY3
£119K06/230.13 mi36, Whittington Street, Neath, Neath Port Talbot SA11 1AW3
£150K03/230.13 mi28, London Road, Neath, Neath Port Talbot SA11 1LE3
£160K07/230.13 mi48, London Road, Neath, Neath Port Talbot SA11 1LE3
£160K07/230.13 mi48, London Road, Neath, Neath Port Talbot SA11 1LE3
£112K05/230.13 mi23, Osborne Street, Neath, Neath Port Talbot SA11 1NN3
£150K09/210.13 mi13, Geoffrey Street, Neath, Neath Port Talbot SA11 1HU3
£130K03/230.14 mi25, Llewellyn Street, Neath, Neath Port Talbot SA11 1EJ3
£103K08/240.14 mi3, Llewellyn Street, Neath, Neath Port Talbot SA11 1EJ3
£170K11/200.14 mi118, London Road, Neath, Neath Port Talbot SA11 1HL3
£83.5K06/210.16 mi67, Pendrill Street, Neath, Neath Port Talbot SA11 1BW3
£90K10/230.16 mi9, Charles Street, Neath, Neath Port Talbot SA11 1NF3
£72K11/200.17 mi10, George Street, Neath, Neath Port Talbot SA11 1TT3
£87K12/200.18 mi20, Eastland Road, Neath, Neath Port Talbot SA11 1HS3
£147.5K12/230.18 mi15, Eastland Road, Neath, Neath Port Talbot SA11 1HS3
£103K03/210.19 mi40, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£115K10/230.19 mi43, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£140K03/210.2 mi12, Bilton Road, Neath, Neath Port Talbot SA11 1YU3
£270K03/210.21 mi5, Wellfield Square, Neath, Neath Port Talbot SA11 1YY3
£177K10/210.21 mi3, Wellfield Square, Neath, Neath Port Talbot SA11 1YY3
£89.5K07/210.21 mi51, Danygraig Road, Neath, Neath Port Talbot SA11 1UA3
£90K12/200.22 mi7, Ropewalk Terrace, Neath, Neath Port Talbot SA11 1EP3
£92.5K07/210.23 mi42, Greenway Road, Neath, West Glamorgan SA11 1HG3
£100K11/210.23 mi41, Greenway Road, Neath, Neath Port Talbot SA11 1HG3
£162.5K05/240.24 mi52, Wellfield Avenue, Neath, Neath Port Talbot SA11 1AX3
£165K08/210.24 mi24, Hillside, Neath, Neath Port Talbot SA11 1TS3
£105K06/230.24 mi9, Hillside, Neath, Neath Port Talbot SA11 1TS3
£78K11/210.24 mi9, Creswell Road, Neath, Neath Port Talbot SA11 1HE3
£62K11/200.25 mi10, Taylors Row, Neath, Neath Port Talbot SA11 1SY3
£75K08/210.26 mi16, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£85K03/240.26 mi22, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£90K01/230.27 mi51, Dalton Road, Neath, Neath Port Talbot SA11 1UG3
£200K03/210.27 mi16, Victoria Gardens, Neath, Neath Port Talbot SA11 3BE3
£103.5K12/200.28 mi4, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£165K04/210.28 mi8, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£120.1K10/210.29 mi36, Hillside, Neath, Neath Port Talbot SA11 1TR3
£195K06/210.3 mi92, Lewis Road, Neath, Neath Port Talbot SA11 1DQ3
£160K06/210.3 mi112, Lewis Road, Neath, Neath Port Talbot SA11 1DQ3

Local Rents

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

RentDateDistanceAddressBeds 
£80012/240.03 mi-3
£90008/240.05 miBrookdale Street, NEATH3
£80008/240.08 miElias Street, Neath, Neath Port Talbot.3
£79511/240.12 mi-3
£90008/240.13 miOsborne Street, NEATH3
£80012/240.17 miGeorge Street, NEATH3
£70009/240.24 mi-3
£92512/240.26 miWellfield Avenue, Neath3
£79512/240.26 mi-3
£79512/240.26 mi-3
£75008/240.28 mi-3
£84503/250.39 mi-3
£75012/240.51 mi-3
£1,15009/230.53 mi-3
£92501/250.62 mi-3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

2.54 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Price changed to £89,500

February 12, 2025

Listed for £95,000

November 4, 2024

Floor Plans

Description

  • MID TERRACED PROPERTY +
  • 3 BEDROOMS +
  • 2 RECEPTION ROOMS +
  • TOWN CENTRE LOCATION +
  • FIRST TIME PURCHASE +
  • LOW MAINTENANCE REAR GARDEN +
  • PROPERTY REQUIRES MODERNISATION +
  • NO CHAIN +

We are proud to present to the market this, 3 Bedroom mid terraced property. Located in the heart of Neath. This property offers; Entrance to porch, lounge, diner, kitchen, shower room to the ground floor. 3 Bedrooms to the first floor. Enclosed low maintenance rear garden. Good links to the A465 & M4 corridor, close to local amenities, regular bus & train service. Property requires modernisation.
Call us today to book a 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 💪