3 Bed Terraced House, Single Let, Neath, SA11 1YH, £100,000

Wallace Road, Neath, SA11 1YH - 3 months ago

Sold STC
BTL
ROI: 11%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£43K - £270K
Sold Prices/m²£538/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£118,038
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£700 - £925

Rent Estimate

£778

Running Costs/mo

£488

Cashflow/mo

£290

Cashflow/yr

£3,479

ROI

11%

Gross Yield

9%

Local Sold Prices

47 sold prices from £43K to £270K, average is £119K. £538/m² to £3.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£95K10/210 mi51, Wallace Road, Neath, Neath Port Talbot SA11 1YH3
£90K01/230.03 mi51, Dalton Road, Neath, Neath Port Talbot SA11 1UG3
£165K08/210.06 mi24, Hillside, Neath, Neath Port Talbot SA11 1TS3
£105K06/230.06 mi9, Hillside, Neath, Neath Port Talbot SA11 1TS3
£120.1K10/210.07 mi36, Hillside, Neath, Neath Port Talbot SA11 1TR3
£146K02/210.08 mi37, Hillside, Neath, Neath Port Talbot SA11 1TR3
£89.5K07/210.13 mi51, Danygraig Road, Neath, Neath Port Talbot SA11 1UA3
£72K11/200.13 mi10, George Street, Neath, Neath Port Talbot SA11 1TT3
£160K12/200.13 mi6, Ty Segur, Neath, Neath Port Talbot SA11 1YN3
£121K02/210.15 mi2, Caederwen Road, Neath, Neath Port Talbot SA11 1US3
£43K07/230.15 mi9, Caederwen Road, Neath, Neath Port Talbot SA11 1US3
£150K12/200.17 miHillcrest, Pentwyn, Neath, Neath Port Talbot SA11 1YW3
£77K11/200.17 mi3, Pentwyn, Neath, Neath Port Talbot SA11 1YW3
£130K03/230.18 mi25, Llewellyn Street, Neath, Neath Port Talbot SA11 1EJ3
£103K08/240.18 mi3, Llewellyn Street, Neath, Neath Port Talbot SA11 1EJ3
£125K04/210.19 mi21, Cook Rees Avenue, Neath, Neath Port Talbot SA11 1UR3
£75K08/210.19 mi16, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£85K03/240.19 mi22, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£103.5K12/200.19 mi4, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£165K04/210.19 mi8, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£130K07/230.2 mi21, Talbot Road, Neath, Neath Port Talbot SA11 1UT3
£103K03/210.2 mi40, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£115K10/230.2 mi43, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£160K06/210.21 mi112, Lewis Road, Neath, Neath Port Talbot SA11 1DQ3
£195K06/210.21 mi92, Lewis Road, Neath, Neath Port Talbot SA11 1DQ3
£162.5K05/240.21 mi52, Wellfield Avenue, Neath, Neath Port Talbot SA11 1AX3
£107K08/230.22 mi21, Briton Ferry Road, Neath, Neath Port Talbot SA11 1AF3
£62K11/200.23 mi10, Taylors Row, Neath, Neath Port Talbot SA11 1SY3
£70K06/230.24 mi1, Old Road, Neath, Neath Port Talbot SA11 2BS3
£137K10/210.25 mi15, Kingdon Owen Road, Neath, Neath Port Talbot SA11 1JR3
£270K03/210.25 mi5, Wellfield Square, Neath, Neath Port Talbot SA11 1YY3
£177K10/210.25 mi3, Wellfield Square, Neath, Neath Port Talbot SA11 1YY3
£165K09/230.26 mi57, Cook Rees Avenue, Neath, Neath Port Talbot SA11 1JT3
£95K03/230.27 mi49, Whittington Street, Neath, Neath Port Talbot SA11 1AN3
£119K06/230.27 mi36, Whittington Street, Neath, Neath Port Talbot SA11 1AW3
£87K09/230.28 mi56, Eastland Road, Neath, Neath Port Talbot SA11 1HY3
£140K03/210.3 mi12, Bilton Road, Neath, Neath Port Talbot SA11 1YU3
£85K06/210.31 mi7, Brookdale Street, Neath, Neath Port Talbot SA11 1PB3
£150K09/210.31 mi13, Geoffrey Street, Neath, Neath Port Talbot SA11 1HU3
£267.5K01/210.32 mi16, Westernmoor Road, Neath, Neath Port Talbot SA11 1BQ3
£205K04/210.32 mi26, Westernmoor Road, Neath, Neath Port Talbot SA11 1BQ3
£115K03/210.33 mi48, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£118K01/240.33 mi18, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£115K02/230.33 mi31, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£87K12/200.33 mi20, Eastland Road, Neath, Neath Port Talbot SA11 1HS3
£147.5K12/230.33 mi15, Eastland Road, Neath, Neath Port Talbot SA11 1HS3
£151.5K12/220.33 mi80, Old Road, Neath, Neath Port Talbot SA11 2BU3

Local Rents

15 rents from £700/mo to £925/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£80012/240.13 miGeorge Street, NEATH3
£92512/240.21 miWellfield Avenue, Neath3
£75008/240.21 mi-3
£79511/240.25 mi-3
£80012/240.28 mi-3
£90008/240.31 miBrookdale Street, NEATH3
£70009/240.31 mi-3
£84502/250.33 mi-3
£79512/240.35 mi-3
£79512/240.35 mi-3
£80008/240.37 miElias Street, Neath, Neath Port Talbot.3
£92512/240.38 mi-3
£90001/250.39 mi-3
£90008/240.43 miOsborne Street, NEATH3
£90008/240.59 miMorgans Road, Neath, 3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

2.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £100,000

December 26, 2024

Floor Plans

Description

  • No On Going Chain +
  • Ideal Investment/First Time Purchase +
  • Deceptively Spacious +
  • Council Tax Band - B +
  • Gardens to the Front & Rear +

SUMMARY
An ideal family home to be sold with no on going chain within close proximity to Neath Town Centre! With excellent links to public transport and popular commuting routes providing a great opportunity to buy to let! Perfect for first time buyers, oozing with potential!

DESCRIPTION
A fantastic buy to let investment opportunity, first time purchase or family home to be sold with no on going chain! Boasting great links to well renowned local schools including Gnoll Primary, Cefn Saeson Community Comprehensive and Neath College! Well situated for commuters with frequently running buses, a mainline train station nearby as well as access to the M4 corridor via the A465.
The home is approached via a gated front yard with a lane to the side that provides rear access to an enclosed, lawned garden. Internally, the property comprises of an entrance hallway, with stairs to the landing, a bay-fronted lounge, fitted kitchen and ground floor shower room. The first floor houses all three sizable bedrooms and access to the loft space.
Internal viewings are highly recommended to truly appreciate the home!

Entrance Hallway 

Lounge 12' 3" Plus Recess x 12' Max ( 3.73m Plus Recess x 3.66m Max )

Kitchen 8' 7" x 8' 7" Max ( 2.62m x 2.62m Max )

Bathroom 

Landing 

Bedroom One 15' 2" Max x 10' 1" ( 4.62m Max x 3.07m )

Bedroom Two 11' 9" x 7' 7" Max ( 3.58m x 2.31m Max )

Bedroom Three 8' 8" x 7' 3" ( 2.64m x 2.21m )

Front & Rear Gardens 

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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