2 Bed Terraced House, Refurb/BRRR, Merthyr Tydfil, CF47 9UT, £120,000

Brynglas Street, Merthyr Tydfil, , CF47 9UT - 6 views - 4 months ago

Refurb/BRRR
ROI: 4%
~68 m²
+15 photos

ValuationOvervalued

Sold Prices£43.5K - £192K
Sold Prices/m²£762/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£83,216

 

 

End Value (After Refurb)

£95,959

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£27,746

Bridging Loan Interest

£3,150

Total Cash In

£67,446

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£95,959

Mortgage (After Refinance)

£71,969

Mortgage LTV

75%

Cash Left In

£67,446

Equity

£23,990

Rent Range

£400 - £895

Rent Estimate

£689

Running Costs/mo

£458

Cashflow/mo

£231

Cashflow/yr

£2,776

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £43.5K to £192K, average is £91.5K. £762/m² to £2.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£135K02/230.04 mi7, Lloyds Terrace, Penydarren, Merthyr Tydfil CF47 9HT2
£110K06/230.09 mi23, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£90K03/210.09 mi13, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£88K03/210.09 mi4, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£90K09/230.09 mi18, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£85K02/230.13 mi45, Church Street, Penydarren, Merthyr Tydfil CF47 9HR2
£69K06/210.16 mi5, Council Street, Merthyr Tydfil CF47 9DJ2
£130K07/230.22 mi20, Bishops Grove, Merthyr Tydfil CF47 9LJ2
£86K12/200.22 mi31, North Street, Penydarren, Merthyr Tydfil CF47 9HW2
£128K06/230.22 mi30, North Street, Penydarren, Merthyr Tydfil CF47 9HW2
£118K06/230.22 mi5, North Street, Penydarren, Merthyr Tydfil CF47 9HW2
£110K03/230.22 mi38, North Street, Penydarren, Merthyr Tydfil CF47 9HW2
£70K08/230.3 mi15, Greenfield Terrace, Penydarren, Merthyr Tydfil CF47 9HN2
£65K11/200.3 mi10, Caerhendy Street, Merthyr Tydfil CF47 9NJ2
£107.5K08/220.35 mi54, Mitchell Crescent, Merthyr Tydfil CF47 9JE2
£120K12/220.38 mi102, Trevethick Street, Merthyr Tydfil CF47 0HX2
£100K11/210.39 mi19, Darren View, Merthyr Tydfil CF47 0HH2
£147.5K01/230.4 mi20, Heritage Court, Merthyr Tydfil CF47 9AQ2
£74K04/210.43 mi29, Ninth Avenue, Merthyr Tydfil CF47 9TL2
£87.5K06/210.44 mi64, Balaclava Road, Dowlais, Merthyr Tydfil CF48 3BW2
£96K04/210.44 mi15, Tai Penyard, Merthyr Tydfil CF47 0LP2
£100K05/230.47 mi44, Balaclava Road, Dowlais, Merthyr Tydfil CF48 3BS2
£120K07/230.47 mi35, Balaclava Road, Dowlais, Merthyr Tydfil CF48 3BS2
£185K10/210.48 mi2, Penydarren Park, Merthyr Tydfil CF47 8YW2
£72K06/210.54 mi10, Elm Grove, Merthyr Tydfil CF47 9NW2
£52.5K11/210.57 mi26, Broad Street, Dowlais, Merthyr Tydfil CF48 3AR2
£93K03/210.61 mi48, First Avenue, Merthyr Tydfil CF47 9UH2
£105K04/210.65 mi12, Dane Street, Merthyr Tydfil CF47 8SF2
£192K01/230.66 mi7, Llewellyn Street, Merthyr Tydfil CF47 8SR2
£75K01/230.66 mi8, Odessa Street, Dowlais, Merthyr Tydfil CF48 3AU2
£78K10/210.66 mi22, Odessa Street, Dowlais, Merthyr Tydfil CF48 3AU2
£122.5K11/210.72 mi27, Stuart Street, Merthyr Tydfil CF47 8SA2
£129.5K01/210.74 mi9, Blaenau'r Cwm, Merthyr Tydfil CF47 0JD2
£82K03/210.74 mi1, Tydfil Terrace, Merthyr Tydfil CF47 8SY2
£81K06/210.74 mi7, Tydfil Terrace, Merthyr Tydfil CF47 8SY2
£55K03/210.75 mi65, Brecon Road, Merthyr Tydfil CF47 8NN2
£70K11/200.76 mi6, Mount Street, Merthyr Tydfil CF47 8TN2
£68.5K01/230.76 mi13, Garth Street, Merthyr Tydfil CF47 8LT2
£72.5K04/210.77 mi7, Miles Street, Merthyr Tydfil CF47 8TB2
£43.5K11/200.77 mi2, Roberts Lane, Merthyr Tydfil CF47 8UF2
£111K04/230.77 mi13, Grawen Terrace, Merthyr Tydfil CF47 8TH2
£89K11/200.77 mi20, Grawen Terrace, Merthyr Tydfil CF47 8TH2
£125K05/210.78 mi4, Clos Cwm Golau, Merthyr Tydfil CF47 0JA2
£95K06/210.78 mi5, Moriah Street, Merthyr Tydfil CF47 8LU2
£127.5K06/230.78 mi17, Llewelyn Street, Dowlais, Merthyr Tydfil CF48 3SP2
£65K04/210.79 mi19, Market Street, Dowlais, Merthyr Tydfil CF48 3HL2
£70K06/210.8 mi13, Brychan Place, Merthyr Tydfil CF47 8NW2
£100K05/210.81 mi21, Abermorlais Terrace, Merthyr Tydfil CF47 8HU2
£57K11/210.81 mi16, Abermorlais Terrace, Merthyr Tydfil CF47 8HU2
£128K06/230.82 mi12, Argyle Street, Merthyr Tydfil CF47 0NS2

Local Rents

49 rents from £400/mo to £895/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£69503/240.03 miBrynglas Street, Penydarren, Merthyr Tydfil 2
£62506/230.18 mi-2
£70003/240.22 miNorth Street, Penydarren, Merthyr Tydfil2
£79503/240.36 miTrevethick Street, Merthyr tydfil2
£64507/230.41 mi-2
£62002/250.41 mi-2
£65006/230.46 mi-2
£65004/250.49 mi-2
£67503/240.52 miMerthyr tydfil2
£65012/240.66 mi-2
£70001/250.76 mi-2
£77504/240.78 miClos Cwm Golau, Gelli Dawel2
£55003/240.78 miMoriah Street, Merthyr Tydfil2
£60003/240.78 miLlewellyn Street, Dowlais2
£65002/240.78 mi-2
£65003/240.78 mi-2
£67504/240.79 miTramroad Terrace, MERTHYR TYDFIL2
£65005/240.8 miBevan Place, Bethesda St, Georgetown2
£67505/240.81 miAbermorlais Terrace, MERTHYR TYDFIL2
£75005/240.83 miTramroadside North, MERTHYR TYDFIL2
£75003/240.89 miMerthyr tydfil2
£65003/240.9 miBarracks Row, Dowlais, Merthyr Tydfil, CF48 3NF2
£75003/240.94 miMuriel Terrace, Dowlais, Merthyr2
£75003/240.94 miMuriel Terrace, Dowlais, Merthyr2
£72504/240.94 miMuriel Terrace, Dowlais, Merthyr2
£65007/230.96 mi-2
£40004/240.97 miGilfach Cynon, MERTHYR TYDFIL2
£69507/230.98 mi-2
£85010/230.98 mi-2
£85004/240.98 mi-2
£85004/240.98 mi-2
£89511/240.98 mi-2
£85004/240.98 miGilfach Cynon, Merthyr Tydfil, CF472
£65005/240.98 miTwynyrodyn Road, Merthyr Tydfil2
£72504/241.05 miForsythia Close, Gurnos, Merthyr Tydfil2
£40004/241.09 miCaedraw Road, MERTHYR TYDFIL2
£40004/241.09 miCaedraw Road, MERTHYR TYDFIL2
£67503/241.09 miWoodland Walk, Cae Penderyn, Georgetown2
£75003/241.1 miPenderyn Close, Merthyr Tydfil2
£75004/241.12 miPenderyn Close, MERTHYR TYDFIL2
£75005/241.12 miPenderyn Close, MERTHYR TYDFIL2
£77506/241.14 mi-2
£77505/241.14 miWoodland Walk, Merthyr Tydfil, CF482
£77505/241.14 miWoodland Walk, Merthyr Tydfil, CF482
£70003/241.21 miCae'r Wern, Ynysfach, Merthyr Tydfil2
£70003/241.23 mi-2
£65003/241.24 miBlaen Dowlais, Merthyr Tydfil, CF48 3RB2
£65003/241.24 miBlaen Dowlais, Merthyr Tydfil, CF48 3RB2
£65004/241.24 miBlaen Dowlais, Merthyr Tydfil, CF48 3RB2

Local Area Statistics

Population in CF47

21,952

Population in Merthyr Tydfil

48,950

Town centre distance

1.30 miles away

Nearest school

0.20 miles away

Nearest train station

0.97 miles away

 

 

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+48%

Property History

Listed for £120,000

December 9, 2024

Floor Plans

Description

  • Combi Boiler +
  • Two Double Bedrooms +
  • South-West Facing +
  • Downstairs Bathroom +
  • Modernisation Required +
  • No Onward Chain +
  • Ideal First Time Buy +
  • Two Reception Rooms +

James Douglas are delighted to welcome this two double bedroom terrace property to the market. Set in the ever popular area of Merthyr Tydfil. The perfect purchase for any prospective investor or for someone looking to put their own stamp down on a property. In brief terms the accommodation comprises an entrance hallway, living room, dining room, kitchen and bathroom on the ground floor. Upstairs there are two double bedroom. Mains gas fired central heating (combi boiler) and UPVC double glazed windows throughout. On-street parking. A south-west facing low maintenance plot with a concrete base, patio slabs, real grass and shrubbery garden space. EPC TBC. Council tax band B.

NO ONWARD CHAIN

SOUTH-WEST FACING REAR GARDEN SPACE

HUGE POTENTIAL THROUGHOUT

TWO DOUBLE BEDROOMS

Brynglas Street is within close proximity of Merthyr Tydfil town centre or within five minutes drive. Merthyr Tydfil town centre includes a wide range of shops and sporting and recreational facilities. The local primary schools are Gellifaelog Primary School & Gwaunfarren Primary School with the local high school being Cyfarthfa High School. There is a useful mainline railway station in Merthyr town centre. Easy access to the A470/A465 gives access to the M4 motorway bringing other major centres including the capital city of Cardiff, Newport and Swansea within relative commuting distance.

Additional Information
------------------------------------
Tenure: Freehold
EPC: TBC
Council Tax Band: B

Agent Details

James Douglas, Pontypridd

01449 701232

Next Steps?

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