3 Bed Terraced House, Refurb/BRRR, Port Talbot, SA12 6HG, £90,000

New Street, Aberavon, Port Talbot, Neath Port Talbot. SA12 6HG - 5 views - 5 months ago

BTL
Refurb/BRRR
ROI: 8%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£55K - £255K
Sold Prices/m²£733/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£90,900

 

 

End Value (After Refurb)

£96,633

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Refurb Costs

£37,702

Bridging Loan Interest

£2,363

Total Cash In

£68,214

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£96,633

Mortgage (After Refinance)

£72,475

Mortgage LTV

75%

Cash Released

£4,975

Cash Left In

£63,239

Equity

£24,158

Rent Range

£695 - £1,750

Rent Estimate

£960

Running Costs/mo

£514

Cashflow/mo

£446

Cashflow/yr

£5,352

ROI

8%

Gross Yield

13%

Local Sold Prices

50 sold prices from £55K to £255K, average is £99.5K. £733/m² to £2.1K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£105K02/240.01 mi14, New Street, Aberavon, Port Talbot, Neath Port Talbot SA12 6HG3
£105K09/230.01 mi11, New Street, Aberavon, Port Talbot, Neath Port Talbot SA12 6HG3
£125K03/230.03 mi6, John Street, Aberavon, Port Talbot, Neath Port Talbot SA12 6EB3
£75K12/220.03 mi25, John Street, Aberavon, Port Talbot, Neath Port Talbot SA12 6EB3
£90K02/230.04 mi31, John Street, Aberavon, Port Talbot, Neath Port Talbot SA12 6EB3
£89K01/240.04 mi41, John Street, Aberavon, Port Talbot, Neath Port Talbot SA12 6EB3
£110K09/230.04 mi20, John Street, Aberavon, Port Talbot, Neath Port Talbot SA12 6EB3
£90K12/220.07 mi22, Gwendoline Street, Port Talbot, Neath Port Talbot SA12 6ED3
£110K12/220.07 mi40, Gwendoline Street, Port Talbot, Neath Port Talbot SA12 6ED3
£85K12/220.07 mi19, Rees Street, Port Talbot, Neath Port Talbot SA12 6HB3
£74K01/240.07 mi10, Gwendoline Street, Port Talbot, Neath Port Talbot SA12 6ED3
£119K09/230.07 mi29, Gwendoline Street, Port Talbot, Neath Port Talbot SA12 6ED3
£85K12/230.07 mi11, Gwendoline Street, Port Talbot, Neath Port Talbot SA12 6ED3
£90K10/210.07 mi4, Rees Street, Port Talbot, Neath Port Talbot SA12 6HB3
£90K08/210.07 mi18, Rees Street, Port Talbot, Neath Port Talbot SA12 6HB3
£115K07/230.07 mi18, Rees Street, Port Talbot, Neath Port Talbot SA12 6HB3
£137.5K05/230.07 mi36, Rees Street, Port Talbot, Neath Port Talbot SA12 6HB3
£99K12/220.1 mi97, Llewellyn Street, Port Talbot, Neath Port Talbot SA12 8SG3
£97K03/230.11 mi25, Alexandra Street, Port Talbot, Neath Port Talbot SA12 6EE3
£90.1K12/200.11 mi43, Pentyla Baglan Road, Port Talbot, Neath Port Talbot SA12 8DR3
£120K11/230.11 mi43, St Mary Street, Port Talbot, Neath Port Talbot SA12 6DU3
£115K04/240.11 mi11, Vivian Terrace, Port Talbot, Neath Port Talbot SA12 6ET3
£80K04/210.11 mi2, Vivian Terrace, Port Talbot, Neath Port Talbot SA12 6ET3
£82.5K01/210.11 mi18, Vivian Terrace, Port Talbot, Neath Port Talbot SA12 6ET3
£130K10/230.12 mi38, Castle Street, Port Talbot, Neath Port Talbot SA12 6DS3
£69K11/200.12 mi36, Arthur Street, Port Talbot, Neath Port Talbot SA12 6EH3
£88.5K05/210.12 mi36, Arthur Street, Port Talbot, Neath Port Talbot SA12 6EH3
£100K06/230.15 mi33, Castle Street, Port Talbot, Neath Port Talbot SA12 6DR3
£60K10/210.15 mi38, Blodwen Street, Port Talbot, Neath Port Talbot SA12 6ER3
£55K09/230.15 mi4, Blodwen Street, Port Talbot, Neath Port Talbot SA12 6ER3
£87.5K10/230.15 mi38, Blodwen Street, Port Talbot, Neath Port Talbot SA12 6ER3
£105K07/230.15 mi3, Springfield Terrace, Baglan, Port Talbot, Neath Port Talbot SA12 8HN3
£118K12/200.15 mi7, Springfield Terrace, Port Talbot, Neath Port Talbot SA12 8HN3
£95K12/230.15 mi6, Springfield Terrace, Baglan, Port Talbot, Neath Port Talbot SA12 8HN3
£75K01/210.15 mi3, Olive Street, Port Talbot, Neath Port Talbot SA12 6EN3
£112K02/240.15 mi16, Olive Street, Port Talbot, Neath Port Talbot SA12 6EN3
£110K08/230.15 mi28, Olive Street, Port Talbot, Neath Port Talbot SA12 6EN3
£110K12/210.17 mi29, Sea View Terrace, Port Talbot, Neath Port Talbot SA12 8HW3
£81K06/210.19 mi3, Norman Street, Port Talbot, Neath Port Talbot SA12 6EL3
£88K03/210.2 mi24, Leslie Street, Port Talbot, Neath Port Talbot SA12 6EW3
£145K03/210.2 mi9, Wellfield Road, Port Talbot, Neath Port Talbot SA12 8AB3
£192.5K11/200.2 mi6, Wellfield Road, Baglan, Port Talbot, Neath Port Talbot SA12 8AB3
£230K01/230.21 mi10, Wellfield Road, Baglan, Port Talbot, Neath Port Talbot SA12 8AB3
£91K03/230.24 mi6, Glen View Terrace, Baglan, Port Talbot, Neath Port Talbot SA12 8HR3
£92K02/210.24 mi5, Glen View Terrace, Baglan, Port Talbot, Neath Port Talbot SA12 8HR3
£152.5K09/230.24 mi13, Glen View Terrace, Baglan, Port Talbot, Neath Port Talbot SA12 8HR3
£100K08/230.25 mi30, Angel Street, Port Talbot, Neath Port Talbot SA12 6UF3
£255K07/230.26 mi97, Pentyla Baglan Road, Baglan, Port Talbot, Neath Port Talbot SA12 8DS3
£134K03/210.26 mi5, Nobel Avenue, Port Talbot, Neath Port Talbot SA12 6YN3
£140K03/230.27 mi26, Nobel Avenue, Port Talbot, Neath Port Talbot SA12 6YN3

Local Rents

18 rents from £695/mo to £1.8K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£82512/240 miNew Street, Port Talbot3
£1,15001/250.06 mi-3
£85008/240.09 mi-3
£95003/250.1 mi-3
£83003/250.29 mi-3
£80008/240.37 miLilian Street, PORT TALBOT3
£1,75008/240.39 mi-3
£97512/240.51 miAbbottsmoor, Port Talbot, 3
£69502/240.53 mi-3
£95012/240.73 miSt Pauls Road, Port Talbot, SA12 6PG3
£89508/240.74 miSandown Road, Port Talbot, SA123
£89508/240.74 mi-3
£85003/250.75 mi-3
£95010/240.9 mi-3
£95008/240.95 miFarm Drive, PORT TALBOT3
£1,50003/251.08 mi-3
£85002/241.09 mi-3
£89512/241.18 miYnys Y Wern, Port Talbot, SA12 9DQ3

Local Area Statistics

Population in SA12

32,649

Population in Port Talbot

52,166

Town centre distance

0.24 miles away

Nearest school

0.20 miles away

Nearest train station

0.59 miles away

 

 

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+44%

Property History

Listed for £90,000

November 26, 2024

Sold for £69,000

2009

Floor Plans

Description

  • Three bedroom mid terrace house +
  • Open plan lounge/diner +
  • Downstairs bathroom +
  • Easy walking distance of Port Talbot town centre +
  • Gas fired combination boiler +
  • Ideal first time/buy to let investment +
  • Sold with no onward chain +

Traditional three bedroom terraced house comprising entrance hall, through lounge/diner, kitchen/breakfast room, bathroom and three bedrooms, enclosed rear yard. Walking distance to Port Talbot town centre, sold with no ongoing chain.

Key features
Freehold.
Requires modernisation throughout.
Backs onto the main line train track.
Close walking distance to Port Talbot town centre.
Close to St Joseph's infant school.
Sold with no ongoing chain.

Agent Details

Payton Jewell Caines, Port Talbot

01639 505687

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪