2 Bed Terraced House, Refurb/BRRR, Neath, SA11 1BP, £89,950

14 Pendrill Street, Neath, SA11 1BP - 4 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~76 m²
+6 photos

ValuationUndervalued

Sold Prices£60K - £183K
Sold Prices/m²£771/m² - £2.6K/m²

 

 

Square Metres

~76.20 m²
Price/m²£1.2K/m²

Value Estimate

£92,649
BMV3%

 

 

End Value (After Refurb)

£84,600

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,488

Stamp Duty & Legal Fees

£5,698

Refurb Costs

£30,891

Bridging Loan Interest

£2,361

Total Cash In

£63,187

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£84,600

Mortgage (After Refinance)

£63,450

Mortgage LTV

75%

Cash Left In

£63,187

Equity

£21,150

Rent Range

£650 - £1,000

Rent Estimate

£771

Running Costs/mo

£439

Cashflow/mo

£332

Cashflow/yr

£3,989

ROI

6%

Gross Yield

10%

Local Sold Prices

51 sold prices from £60K to £183K, average is £90K. £771/m² to £2.6K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£72.5K11/200.04 mi26, King Street, Neath, Neath Port Talbot SA11 1PW2
£81.5K03/210.04 mi39, King Street, Neath, Neath Port Talbot SA11 1PW2
£63.5K02/210.04 mi42, King Street, Neath, Neath Port Talbot SA11 1PW2
£79K06/230.04 mi27, King Street, Neath, Neath Port Talbot SA11 1PW2
£107K05/240.1 mi23, New Henry Street, Neath, Neath Port Talbot SA11 1PH2
£74K07/230.1 mi50, King Street, Neath, Neath Port Talbot SA11 1PF2
£82.5K07/230.12 mi14, Florence Street, Neath, Neath Port Talbot SA11 1PA2
£82.5K07/230.12 mi14, Florence Street, Neath, Neath Port Talbot SA11 1PA2
£66K12/200.12 mi9, Osborne Street, Neath, Neath Port Talbot SA11 1NN2
£77K06/210.12 mi19, Osborne Street, Neath, Neath Port Talbot SA11 1NN2
£90K07/230.13 mi5, Eva Street, Neath, Neath Port Talbot SA11 1PD2
£82.5K02/240.13 mi11, Eva Street, Neath, Neath Port Talbot SA11 1PD2
£61K01/210.14 mi30, Southgate Street, Neath, Neath Port Talbot SA11 1AG2
£95K05/230.14 mi17, Southgate Street, Neath, Neath Port Talbot SA11 1AG2
£90K05/230.15 mi21, Whittington Street, Neath, Neath Port Talbot SA11 1AN2
£69K11/200.15 mi62, Windsor Road, Neath, Neath Port Talbot SA11 1NH2
£85K12/200.15 mi12, Whittington Street, Neath, Neath Port Talbot SA11 1AW2
£98K03/230.18 mi9, Dudley Street, Neath, Neath Port Talbot SA11 1EY2
£117K09/230.18 mi15, Dudley Street, Neath, Neath Port Talbot SA11 1EY2
£98K05/240.18 mi8, Rectory Road, Neath, Neath Port Talbot SA11 1ET2
£75.5K06/210.21 mi7, Springfield Terrace, Neath, Neath Port Talbot SA11 1AB2
£98K08/210.21 mi9, Marshfield Road, Neath, Neath Port Talbot SA11 1BD2
£60K11/230.22 mi41, Briton Ferry Road, Neath, Neath Port Talbot SA11 1AR2
£80K01/210.24 mi34, Crythan Road, Neath, Neath Port Talbot SA11 1SR2
£84.6K11/210.24 mi32, Crythan Road, Neath, Neath Port Talbot SA11 1SR2
£97K11/230.28 mi1, Maes Y Ffynon Close, Neath, Neath Port Talbot SA11 1HQ2
£98K09/230.28 mi3, Taylors Row, Neath, Neath Port Talbot SA11 1SY2
£79.3K01/210.29 mi5, Greenway Road, Neath, Neath Port Talbot SA11 1HG2
£85K10/230.29 mi28, Greenway Road, Neath, Neath Port Talbot SA11 1HG2
£87K04/210.29 mi32, Lewis Road, Neath, Neath Port Talbot SA11 1DX2
£100K12/230.29 mi58, Lewis Road, Neath, Neath Port Talbot SA11 1DX2
£65K12/210.31 mi4, Exchange Road, Neath, Neath Port Talbot SA11 1TD2
£183K06/240.31 mi8, Bilton Road, Neath, Neath Port Talbot SA11 1YU2
£110K01/240.32 mi5, Bank Side, Neath, Neath Port Talbot SA11 1RY2
£85K06/230.36 mi46, Dalton Road, Neath, Neath Port Talbot SA11 1UF2
£120K02/240.36 mi42, Dalton Road, Neath, Neath Port Talbot SA11 1UF2
£80K03/210.37 mi16, Wallace Road, Neath, Neath Port Talbot SA11 1YL2
£100K11/210.4 mi53, Wallace Road, Neath, Neath Port Talbot SA11 1YH2
£105K02/210.41 mi8, Bowden Road, Neath, Neath Port Talbot SA11 1UH2
£90K11/200.43 mi1, Burnside, Neath, Neath Port Talbot SA11 1UL2
£80K05/240.5 mi8, Highbury Court, Neath, Neath Port Talbot SA11 1TX2
£110K03/230.51 mi84, Evans Road, Neath, Neath Port Talbot SA11 2DB2
£97K12/200.56 mi19, Rosser Street, Neath, Neath Port Talbot SA11 3DA2
£135K03/230.58 mi22, Riverside Drive, Neath, Neath Port Talbot SA11 1RX2
£155K01/230.59 mi18, The Sinnatts, Neath, Neath Port Talbot SA10 7BY2
£128K06/230.6 mi9, Willet Close, Neath, Neath Port Talbot SA11 1RZ2
£130K03/230.6 mi16, Willet Close, Neath, Neath Port Talbot SA11 1RZ2
£145K11/230.6 mi17, Willet Close, Neath, Neath Port Talbot SA11 1RZ2
£114K08/240.6 mi6, Morgans Road, Neath, Neath Port Talbot SA11 2DG2
£110K09/170.61 mi19, Thorburn Close, Neath, Neath Port Talbot SA11 1RH-
£80K04/210.61 mi5, Thorburn Close, Neath, Neath Port Talbot SA11 1RH2

Local Rents

22 rents from £650/mo to £1K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£84511/230.06 mi-2
£84511/230.06 mi-2
£79512/240.06 mi-2
£80012/240.07 miHenry Street, NEATH2
£69512/240.1 mi-2
£65008/240.12 mi-2
£70012/240.16 mi-2
£79512/240.17 mi-2
£79512/240.17 mi-2
£74503/250.17 mi-2
£69508/240.19 miLondon Road, Neath, 2
£72510/240.2 mi-2
£70009/240.26 mi-2
£75010/240.31 mi-2
£70012/240.54 mi-2
£79511/240.58 mi-2
£1,00008/240.59 miThe Sinnatts, Neath, SA102
£84508/240.62 mi-2
£84508/240.62 mi-2
£84512/240.62 mi-2
£84512/240.62 mi-2
£79510/240.62 mi-2

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

2.63 miles away

Nearest school

0.40 miles away

Nearest train station

0.26 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 £89,950

December 19, 2024

Listed for £94,950

November 25, 2024

Floor Plans

Description

  • VACANT POSESSION +
  • MID-TERRACED PROPERTY/LEVEL LOCATION +
  • WITHIN WALKING DISTANCE OF TOWN CENTRE +
  • IN NEED OF SOME UPDATING +
  • THROUGH LOUNGE/DINING ROOM +
  • 2 DOUBLE BEDROOMS +
  • LARGE BATHROOM +
  • GAS CENTRAL HEATING +
  • ENCLOSED GARDEN TO REAR +
  • EPC RATING E +

Nestled in the charming Pendrill Street of Neath, this terraced house presents a promising opportunity for both investors and families alike, with lounge/diner, 2 bedrooms, and 1 bathroom, this property is brimming with potential awaiting a touch of modernisation, this 2-bedroom house boasts versatile living spaces spread across 2 floors, the entrance hall welcomes you into an open plan lounge/diner and kitchen area, perfect for hosting gatherings or simply relaxing with loved ones, conveniently located near Neath town centre, this property ensures easy access to a plethora of amenities and facilities, making daily errands a breeze, additionally, the enclosed garden at the rear offers a private outdoor space, ideal for enjoying a cup of tea in the afternoon, offered with vacant possession, this property is a blank canvas waiting for your personal touch. Whether you're looking to invest and renovate or create a cosy family home, this terraced house in Pendrill Street is a gem waiting to be discovered.

Main Dwelling -

Front Double Glazed Entrance Door Into: -

Entrance Hallway - 6.76m x 0.84m (22'2" x 2'9") - With radiator, stairs to first floor.

Lounge/Dining Room - 6.78m x 3.18m (22'3" x 10'5") - With fitted plate rack, meter, cupboard, coved ceiling, double glazed window to front, two radiators.

Lounge/Dining Room -

Kitchen - 3.25m x 2.36m (10'8" x 7'9") - Fitted base and wall units with work surface, brown enamel sink, built-in electric oven, gas hob with extractor over, space for washing machine and fridge/freezer, wall mounted gas combination central heating boiler, understairs cupboard housing tumble dryer, cushion flooring, double glazed window to rear and window and door to side.

Kitchen -

First Floor -

Landing Area - 4.06m x 1.65m (13'4" x 5'5") - With access to attic space.

Bedroom One - 4.19m x 3.07m (13'9" x 10'1") - With coved ceiling, two double glazed windows to front, radiator.

Bedroom Two - 3.91m x 2.62m (12'10" x 8'7") - With double glazed window to front, radiator.

Bathroom/W.C. - 3.05m x 2.59m (10'0" x 8'6") - With 3 piece suite in avocado green comprising panelled bath with shower over, wash hand basin, w.c., built-in cupboard, laminate flooring, part tiled walls, extractor fan, radiator, double glazed window to side.

Outside - Enclosed rear garden area which is paved. Outside water tap. Composite storage shed.

Agents Note - Council Tax Band B £1774.

Agents Note - Mobile coverage
EE
Vodafone
Three
O2

Broadband
Basic
9 Mbps
Superfast
49 Mbps
Ultrafast
1000 Mbps

Satellite / Fibre TV Availability
BT
Sky
Virgin

Agent Details

Astleys, Neath

01639 501174

Next Steps?

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