3 Bed Terraced House, Refurb/BRRR, Neath, SA11 2AT, £125,000

Wembley, Neath, Neath Port Talbot., SA11 2AT - 6 views - 4 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£70K - £345K
Sold Prices/m²£538/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£106,373

 

 

End Value (After Refurb)

£169,323

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£37,702

Bridging Loan Interest

£3,281

Total Cash In

£79,233

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£169,323

Mortgage (After Refinance)

£126,992

Mortgage LTV

75%

Cash Released

£33,242

Cash Left In

£45,991

Equity

£42,331

Rent Range

£595 - £975

Rent Estimate

£815

Running Costs/mo

£712

Cashflow/mo

£103

Cashflow/yr

£1,234

ROI

2%

Gross Yield

8%

Local Sold Prices

48 sold prices from £70K to £345K, average is £132K. £538/m² to £2.7K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£149.9K05/230 mi9, Wembley, Neath, Neath Port Talbot SA11 2AT3
£150K10/210.08 mi33, Primrose Road, Neath, Neath Port Talbot SA11 2AR3
£80K03/240.09 mi19, Chamberlain Road, Neath, Neath Port Talbot SA11 2BE3
£95.5K05/210.09 mi51, Chamberlain Road, Neath, Neath Port Talbot SA11 2BE3
£112K04/210.12 mi10, Primrose Road, Neath, Neath Port Talbot SA11 2AP3
£92K10/210.16 mi18, Greenwood Road, Neath, Neath Port Talbot SA11 2BD3
£175K04/210.17 mi12, Glyn Garfield Close, Neath, Neath Port Talbot SA11 2JR3
£100K01/230.18 mi264, Old Road, Neath, Neath Port Talbot SA11 2ES3
£155K05/240.19 mi227, Old Road, Neath, Neath Port Talbot SA11 2ES3
£162.5K12/200.2 mi51, Penrhiwtyn Drive, Neath, Neath Port Talbot SA11 2JF3
£345K11/230.25 miBryneryr, Eaglesbush Valley, Neath, Neath Port Talbot SA11 2AN3
£195K07/210.25 mi18, May Drew Way, Neath, Neath Port Talbot SA11 2HX3
£215K10/230.25 mi4, May Drew Way, Neath, Neath Port Talbot SA11 2HX3
£149.5K07/210.25 mi36, Westbourne Road, Neath, Neath Port Talbot SA11 2EP3
£205K07/240.25 mi27, Havard Jones Close, Neath, Neath Port Talbot SA11 2HR3
£153K06/210.26 mi27, Herbert Road, Neath, Neath Port Talbot SA11 2DD3
£170K05/230.27 mi54, Westbourne Road, Neath, Neath Port Talbot SA11 2EW3
£122K12/200.27 mi63, Westbourne Road, Neath, Neath Port Talbot SA11 2EW3
£73K10/230.29 mi37, Morgans Road, Neath, Neath Port Talbot SA11 2DG3
£194K12/230.31 mi4, Meadow Road, Neath, Neath Port Talbot SA11 2AB3
£89K09/210.32 mi22, Helens Road, Penrhiwtyn, Neath, Neath Port Talbot SA11 2DL3
£95K07/240.33 mi123, Pant Yr Heol, Neath, Neath Port Talbot SA11 2HB3
£100K12/200.33 mi59, Pant Yr Heol, Neath, Neath Port Talbot SA11 2HN3
£100K11/210.33 mi30, Penrhiwtyn Street, Neath, Neath Port Talbot SA11 2HG3
£102K06/240.33 mi37, Penrhiwtyn Street, Neath, Neath Port Talbot SA11 2HG3
£142K06/230.34 mi2, Llys Walters, Neath, Neath Port Talbot SA11 2EQ3
£106K06/240.34 mi19, Furnace Terrace, Neath, Neath Port Talbot SA11 2EE3
£85K03/240.34 mi9, Collins Street, Neath, Neath Port Talbot SA11 2HH3
£151.5K12/220.35 mi80, Old Road, Neath, Neath Port Talbot SA11 2BU3
£149.9K10/230.38 mi15, Cwrt Sart, Neath, Neath Port Talbot SA11 2ST3
£90K06/210.39 mi30, Ynysymaerdy Road, Briton Ferry, Neath, Neath Port Talbot SA11 2TL3
£110K10/210.39 mi7, Morgans Terrace, Neath, West Glamorgan SA11 2SY3
£87K03/210.39 mi8, Morgans Terrace, Neath, Neath Port Talbot SA11 2SY3
£108.5K05/210.4 mi332, Old Road, Neath, Neath Port Talbot SA11 2EY3
£168K07/240.42 mi6, Ormond Street, Neath, Neath Port Talbot SA11 2TH3
£150K12/200.47 miHillcrest, Pentwyn, Neath, Neath Port Talbot SA11 1YW3
£77K11/200.47 mi3, Pentwyn, Neath, Neath Port Talbot SA11 1YW3
£170K11/210.47 mi17, Manor Way, Neath, Neath Port Talbot SA11 2TR3
£170K07/210.47 mi49, Manor Way, Neath, Neath Port Talbot SA11 2TR3
£235K09/230.47 mi47, Manor Way, Neath, Neath Port Talbot SA11 2TR3
£70K06/230.48 mi1, Old Road, Neath, Neath Port Talbot SA11 2BS3
£185K06/210.48 mi301, Old Road, Briton Ferry, Neath, Neath Port Talbot SA11 2HA3
£160K12/200.49 mi6, Ty Segur, Neath, Neath Port Talbot SA11 1YN3
£117.5K12/230.51 mi10, Ynysymaerdy Road, Briton Ferry, Neath, Neath Port Talbot SA11 2TF3
£165K04/210.51 mi8, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£103.5K12/200.52 mi4, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£75K08/210.54 mi16, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£85K03/240.54 mi22, Burrows Road, Neath, Neath Port Talbot SA11 1TA3

Local Rents

14 rents from £595/mo to £975/mo, average is £845/mo.

RentDateDistanceAddressBeds 
£97510/240.11 mi-3
£90004/250.13 mi-3
£87508/240.2 miPenrhiwtyn Drive, Briton Ferry, Neath, SA11 2JF3
£90008/240.27 miMorgans Road, Neath, 3
£87512/240.33 miPant Yr Heol, NEATH3
£80012/240.34 miHowell Road, NEATH3
£85012/240.36 miFarm Road, NEATH3
£59508/240.39 miMorgans Terrace, Briton Ferry, Neath3
£84503/250.42 mi-3
£75008/240.52 mi-3
£70009/240.58 mi-3
£79512/240.59 mi-3
£79512/240.59 mi-3
£84501/250.61 mi-3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

3.07 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 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 £125,000

March 16, 2025

Price changed to £129,950

February 12, 2025

Listed for £135,000

December 23, 2024

Floor Plans

Description

  • END OF TERRACE PROPERTY +
  • 3 BEDROOMS +
  • LOUNGE / DINER +
  • GARAGE + DRIVE +
  • IN NEED OF MODERNISING +
  • INVESTMENT OPPORTUNITY +
  • NO CHAIN +

We are proud to present to the market this three bedroom End of Terrace property. Located in the Briton Ferry area of Neath. This property offers; Entrance to porch, lounge/diner, kitchen, shower room to the ground floor. Three bedrooms to the first floor. Externally, low maintenance frontage with garage & drive, side access leading to spacious enclosed rear garden with patio seating area. Close to local amenities, good links to the A465 & M4 corridor, regular bus & train service. The property is in need of modernising, ideal investment opportunity.
Call us today to book a viewing.

Agent Details

Clee Tompkinson & Francis, Neath

01639 501239

Next Steps?

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