3 Bed Terraced House, Refurb/BRRR, Merthyr Tydfil, CF47 9SJ, £80,000

12 Harrison Street - 5 months ago

Refurb/BRRR
ROI: 6%
83 m²
+5 photos

ValuationFair Value

Sold Prices£69K - £275K
Sold Prices/m²£767/m² - £2.2K/m²

 

 

Square Metres

83 m²
Price/m²£964/m²

Value Estimate

£80,000

 

 

End Value (After Refurb)

£118,000

Uplift in Value

+48%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Refurb Costs

£33,811

Bridging Loan Interest

£2,100

Total Cash In

£62,861

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£118,000

Mortgage (After Refinance)

£88,500

Mortgage LTV

75%

Cash Released

£28,500

Cash Left In

£34,361

Equity

£29,500

Rent Range

£650 - £1,980

Rent Estimate

£863

Running Costs/mo

£561

Cashflow/mo

£302

Cashflow/yr

£3,620

ROI

6%

Gross Yield

13%

Local Sold Prices

50 sold prices from £69K to £275K, average is £125K. £767/m² to £2.2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£125K04/210 mi17, Harrison Street, Merthyr Tydfil CF47 9SJ3
£112.5K10/210.03 mi3, Alfred Street, Merthyr Tydfil CF47 9SX3
£90K02/210.03 mi11, Alfred Street, Merthyr Tydfil CF47 9SX3
£135K06/220.04 mi16, Haydn Terrace, Merthyr Tydfil CF47 9UJ3
£137.1K05/210.05 mi21, Haydn Terrace, Merthyr Tydfil CF47 9UJ3
£100K09/210.05 mi31, Haydn Terrace, Merthyr Tydfil CF47 9UJ3
£105K07/210.06 mi106, Haydn Terrace, Merthyr Tydfil CF47 9UX3
£78K06/230.06 mi22, Gellifaelog Terrace, Penydarren, Merthyr Tydfil CF47 9HL3
£85K12/200.06 mi10, Gellifaelog Terrace, Penydarren, Merthyr Tydfil CF47 9HL3
£85K12/200.06 mi10, Gellifaelog Terrace, Penydarren, Merthyr Tydfil CF47 9HL3
£145K04/230.06 mi14, Gellifaelog Terrace, Penydarren, Merthyr Tydfil CF47 9HL3
£155K06/210.07 mi1, Summerfield Place, Merthyr Tydfil CF47 9RJ3
£125K08/230.07 mi3, Edgar Street, Merthyr Tydfil CF47 9TX3
£112K11/220.07 mi8, Edgar Street, Merthyr Tydfil CF47 9TX3
£107K02/230.11 mi17, Tanybryn Place, Merthyr Tydfil CF47 9EJ3
£122K12/200.13 mi63, Brynhyfryd Street, Merthyr Tydfil CF47 9YW3
£105K11/200.13 mi70, Brynhyfryd Street, Merthyr Tydfil CF47 9YW3
£120K10/200.15 mi18, Awelfryn Terrace, Merthyr Tydfil CF47 9YR3
£69K06/210.16 mi5, Council Street, Merthyr Tydfil CF47 9DJ3
£182.5K05/230.17 mi59, Penybryn, Merthyr Tydfil CF47 9YY3
£120K11/200.18 mi2, Garden City, Merthyr Tydfil CF47 9YS3
£120K04/210.18 mi40, Brynhyfryd Street, Merthyr Tydfil CF47 9YN3
£150K09/230.2 mi90, Penybryn, Merthyr Tydfil CF47 9AJ3
£145K03/230.2 mi37, Balaclava Road, Dowlais, Merthyr Tydfil CF48 3BS3
£145K08/220.22 mi73, Mitchell Crescent, Merthyr Tydfil CF47 9JF3
£160K01/230.23 mi35, Williams Place, Merthyr Tydfil CF47 9YH3
£105K12/200.23 mi46, Mitchell Crescent, Merthyr Tydfil CF47 9JE3
£137K05/230.23 mi50, Brynheulog Street, Merthyr Tydfil CF47 9YB3
£139.9K05/230.23 mi55, Brynheulog Street, Merthyr Tydfil CF47 9YB3
£209K12/200.25 mi26, Gwaunfarren Close, Merthyr Tydfil CF47 9AX3
£185K11/220.25 mi17, Penybryn, Merthyr Tydfil CF47 9AJ3
£270K07/230.26 miMeriel, Rocky Road, Penydarren, Merthyr Tydfil CF47 9JN3
£135K11/200.26 mi22, Brynheulog Street, Merthyr Tydfil CF47 9UY3
£141K02/210.26 mi41, Brynheulog Street, Merthyr Tydfil CF47 9UY3
£165K08/220.27 mi63, Haydn Terrace, Merthyr Tydfil CF47 9YJ3
£175K12/200.27 mi3, Marks Court, Merthyr Tydfil CF47 9UZ3
£85K11/220.29 mi32, Mitchell Crescent, Merthyr Tydfil CF47 9JD3
£275K12/220.3 mi3a, Winifred Street, Dowlais, Merthyr Tydfil CF48 3SD3
£193K07/230.32 mi4, Royal Crescent, Penydarren, Merthyr Tydfil CF47 9LA3
£118K04/210.32 mi9, Lloyds Terrace, Penydarren, Merthyr Tydfil CF47 9HT3
£133K03/230.32 mi34, Roberts Avenue, Merthyr Tydfil CF47 9JJ3
£125K11/200.33 mi15, Wimbourne Street, Dowlais, Merthyr Tydfil CF48 3SB3
£93.5K04/210.33 mi11, Ninth Avenue, Merthyr Tydfil CF47 9TL3
£125K03/210.35 mi9, Fronwen Terrace, Penydarren, Merthyr Tydfil CF47 9LD3
£130K12/200.36 mi4, Winifred Street, Dowlais, Merthyr Tydfil CF48 3SD3
£100K07/230.36 mi27, Winifred Street, Dowlais, Merthyr Tydfil CF48 3SD3
£118K08/220.36 mi35, Rocky Road, Penydarren, Merthyr Tydfil CF47 9JL3
£134K08/210.39 mi4, Mitchell Crescent, Merthyr Tydfil CF47 9JB3
£110.7K06/210.41 mi3, Lewis Terrace, Penydarren, Merthyr Tydfil CF47 9LH3
£110K02/210.41 mi11, Lewis Terrace, Penydarren, Merthyr Tydfil CF47 9LH3

Local Rents

16 rents from £650/mo to £2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£72503/240.03 miAlfred Street, Penydarren, Merthyr Tydfil3
£72503/240.03 miAlfred Street, Penydarren, Merthyr Tydfil3
£85012/230.08 mi-3
£85012/230.08 mi-3
£75003/240.24 miChurch Street, Penydarren, Merthyr Tydfil3
£79504/240.26 miRegent Street, Dowlais3
£80006/240.27 mi-3
£80005/240.27 miRegent Street, Dowlais, Merthyr Tydfil, CF483
£80005/240.27 miRegent Street, Dowlais, Merthyr Tydfil, CF483
£65003/240.33 miWimbourne Street, Merthyr Tydfil, CF48 3SB3
£87504/250.34 mi-3
£75005/240.41 mi-3
£75003/240.41 miGlendower Street, Dowlais, Merthyr Tydfil, CF483
£80003/240.43 miGlendower Street, Dowlais, MERTHYR TYDFIL3
£92503/250.45 mi-3
£1,98003/250.45 mi-3

Local Area Statistics

Population in CF47

21,952

Population in Merthyr Tydfil

48,950

Town centre distance

1.48 miles away

Nearest school

0.10 miles away

Nearest train station

1.25 miles away

 

 

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+48%

Property History

Listed for £80,000

November 5, 2024

Description

  • Council tax band B +
  • No onward chain +
  • In need of renovation +
  • Investment potential +
  • Proximity to amenities +

SUMMARY
PUBLIC NOTICE
Peter Alan are now in receipt of an offer for the sum of
£ 82,000 for (12 Harrison Street). Anyone wishing to place an offer on this property should contact Peter Alan, 133 High Street, Merthyr Tydfil. before exchange of contracts.

DESCRIPTION
For sale, is this end of terrace house that holds an abundance of potential for investors looking to add to their portfolio. The property is in need of renovation, offering a fantastic opportunity to truly make it your own or craft a stunning rental property.The house is being sold with no onward chain.

This house accommodates three bedrooms, one bathroom, a single reception room, and a kitchen. The layout is practical and ideal for a family home or as a rental property.

The location is an additional benefit; it is conveniently situated with public transport links, local amenities, and walking routes all within close proximity.
PUBLIC NOTICE
Peter Alan are now in receipt of an offer for the sum of
£ 82,000 for (12 Harrison Street). Anyone wishing to place an offer on this property should contact Peter Alan, 133 High Street, Merthyr Tydfil. before exchange of contracts.

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

Hall 

Living Room Irregular Shaped Room x ( x )

Kitchen 11' 6" Max x 10' 1" Max ( 3.51m Max x 3.07m Max )

Bathroom 

Landing  

Bedroom 1 9' 9" Max x 13' Max ( 2.97m Max x 3.96m Max )

Bedroom 2 Irregular Shaped Room x ( x )

Bedroom 3 8' 9" Max x 7' 9" Max ( 2.67m Max x 2.36m 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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