3 Bed Terraced House, Refurb/BRRR, Neath, SA11 2DN, £50,000

6 Herbert Road, Neath Port Talbot, SA11 2DN - 26 views - 5 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 3%
97 m²
+7 photos

ValuationUndervalued

Sold Prices£62K - £345K
Sold Prices/m²£538/m² - £2.7K/m²

 

 

Square Metres

97 m²
Price/m²£515/m²

Value Estimate

£55,000

 

 

End Value (After Refurb)

£156,639

Uplift in Value

+185%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,850

Refurb Costs

£39,323

Bridging Loan Interest

£1,313

Total Cash In

£57,736

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£156,639

Agent Fees (1%)

£1,566

Bridging Loan

£37,500

Bridging Loan Interest

£1,313

Flip Profit

£59,837

Local Sold Prices

47 sold prices from £62K to £345K, average is £115K. £538/m² to £2.7K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£142K06/230.03 mi2, Llys Walters, Neath, Neath Port Talbot SA11 2EQ3
£89K09/210.03 mi22, Helens Road, Penrhiwtyn, Neath, Neath Port Talbot SA11 2DL3
£73K10/230.04 mi37, Morgans Road, Neath, Neath Port Talbot SA11 2DG3
£153K06/210.09 mi27, Herbert Road, Neath, Neath Port Talbot SA11 2DD3
£106K06/240.09 mi19, Furnace Terrace, Neath, Neath Port Talbot SA11 2EE3
£92K10/210.18 mi18, Greenwood Road, Neath, Neath Port Talbot SA11 2BD3
£151.5K12/220.21 mi80, Old Road, Neath, Neath Port Talbot SA11 2BU3
£194K12/230.22 mi4, Meadow Road, Neath, Neath Port Talbot SA11 2AB3
£149.5K07/210.22 mi36, Westbourne Road, Neath, Neath Port Talbot SA11 2EP3
£112K04/210.23 mi10, Primrose Road, Neath, Neath Port Talbot SA11 2AP3
£170K05/230.24 mi54, Westbourne Road, Neath, Neath Port Talbot SA11 2EW3
£122K12/200.24 mi63, Westbourne Road, Neath, Neath Port Talbot SA11 2EW3
£80K03/240.25 mi19, Chamberlain Road, Neath, Neath Port Talbot SA11 2BE3
£95.5K05/210.25 mi51, Chamberlain Road, Neath, Neath Port Talbot SA11 2BE3
£100K12/200.27 mi59, Pant Yr Heol, Neath, Neath Port Talbot SA11 2HN3
£175K04/210.29 mi12, Glyn Garfield Close, Neath, Neath Port Talbot SA11 2JR3
£70K06/230.31 mi1, Old Road, Neath, Neath Port Talbot SA11 2BS3
£150K10/210.31 mi33, Primrose Road, Neath, Neath Port Talbot SA11 2AR3
£149.9K05/230.33 mi9, Wembley, Neath, Neath Port Talbot SA11 2AT3
£62K11/200.35 mi10, Taylors Row, Neath, Neath Port Talbot SA11 1SY3
£165K04/210.36 mi8, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£162.5K12/200.36 mi51, Penrhiwtyn Drive, Neath, Neath Port Talbot SA11 2JF3
£103.5K12/200.36 mi4, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£150K12/200.36 miHillcrest, Pentwyn, Neath, Neath Port Talbot SA11 1YW3
£77K11/200.36 mi3, Pentwyn, Neath, Neath Port Talbot SA11 1YW3
£100K11/210.37 mi30, Penrhiwtyn Street, Neath, Neath Port Talbot SA11 2HG3
£102K06/240.37 mi37, Penrhiwtyn Street, Neath, Neath Port Talbot SA11 2HG3
£345K11/230.37 miBryneryr, Eaglesbush Valley, Neath, Neath Port Talbot SA11 2AN3
£75K08/210.38 mi16, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£85K03/240.38 mi22, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£195K07/210.38 mi18, May Drew Way, Neath, Neath Port Talbot SA11 2HX3
£215K10/230.38 mi4, May Drew Way, Neath, Neath Port Talbot SA11 2HX3
£160K12/200.41 mi6, Ty Segur, Neath, Neath Port Talbot SA11 1YN3
£103K03/210.41 mi40, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£115K10/230.41 mi43, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£85K03/240.43 mi9, Collins Street, Neath, Neath Port Talbot SA11 2HH3
£205K07/240.44 mi27, Havard Jones Close, Neath, Neath Port Talbot SA11 2HR3
£119K06/230.46 mi36, Whittington Street, Neath, Neath Port Talbot SA11 1AW3
£95K07/240.46 mi123, Pant Yr Heol, Neath, Neath Port Talbot SA11 2HB3
£100K01/230.46 mi264, Old Road, Neath, Neath Port Talbot SA11 2ES3
£155K05/240.46 mi227, Old Road, Neath, Neath Port Talbot SA11 2ES3
£89.5K07/210.46 mi51, Danygraig Road, Neath, Neath Port Talbot SA11 1UA3
£95K03/230.48 mi49, Whittington Street, Neath, Neath Port Talbot SA11 1AN3
£115K03/210.48 mi48, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£118K01/240.48 mi18, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£83.5K06/210.48 mi67, Pendrill Street, Neath, Neath Port Talbot SA11 1BW3
£115K02/230.48 mi31, New Henry Street, Neath, Neath Port Talbot SA11 1PH3

Local Rents

17 rents from £595/mo to £975/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£90008/240.08 miMorgans Road, Neath, 3
£84503/250.21 mi-3
£97510/240.24 mi-3
£80012/240.3 miHowell Road, NEATH3
£79512/240.33 mi-3
£79512/240.33 mi-3
£70009/240.34 mi-3
£75008/240.35 mi-3
£87508/240.35 miPenrhiwtyn Drive, Briton Ferry, Neath, SA11 2JF3
£90004/250.38 mi-3
£87512/240.46 miPant Yr Heol, NEATH3
£79511/240.47 mi-3
£85012/240.5 miFarm Road, NEATH3
£80012/240.52 miGeorge Street, NEATH3
£90008/240.54 miBrookdale Street, NEATH3
£59508/240.56 miMorgans Terrace, Briton Ferry, Neath3
£80012/240.56 mi-3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

3.05 miles away

Nearest school

0.10 miles away

Nearest train station

0.83 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 £50,000

January 27, 2025

Listed for £55,000

November 12, 2024

Sold for £32,500

1998

Description

  • Council Tax Band - B +
  • Potential To Purchase With A Long Standing Tenant In Sit-U +
  • End Terraced +
  • Enclosed Rear Garden +
  • Renovation Opportunity +

SUMMARY
Renovation opportunity, conveniently located to Neath Town Centre with all it's amenities. Benefiting from three double bedrooms, a utility room, an enclosed rear garden and a four piece bathroom suite. Internal viewings highly recommended.

DESCRIPTION
To be sold at public auction on 17th December 2024.Investment opportunity, with the potential to purchase with a long standing tenant in sit-u. A three double bedroom, end of terraced property for sale with no on-going chain. Conveniently located to local schools, shops and public transport links, making it an ideal spot for family's and commuters.
Internally comprising of an entrance hall, a spacious lounge diner, a kitchen, utility room and four piece bathroom suite to the ground floor. The first floor features three double bedrooms and to the rear there is an enclosed garden.
The property offers a huge amount of potential to become a lovely, generous sized home.
Internal viewings recommended.We have been advised that the tennant has been paying £520 pcm ,this has not been confirmed.

Entrance Hall 

Lounge/Diner 21' 6" Max x 11' 3" Max ( 6.55m Max x 3.43m Max )

Kitchen 14' 2" x 9' 2" ( 4.32m x 2.79m )

Utility Room 9' 2" x 7' 2" ( 2.79m x 2.18m )

Bathroom 
Ground floor, four piece bathroom.

Landing 

Bedroom One 14' 4" x 10' 7" ( 4.37m x 3.23m )

Bedroom Two 13' 7" x 6' 3" ( 4.14m x 1.91m )

Bedroom Three 10' 3" x 8' 6" ( 3.12m x 2.59m )

Rear Garden 
Enclosed

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, Neath

01639 505098

Next Steps?

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