2 Bed Terraced House, Refurb/BRRR, Merthyr Tydfil, CF47 8TH, £50,000

Grawen Terrace, Merthyr Tydfil, CF47 8TH - 6 views - 4 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 6%
~68 m²
+12 photos

ValuationFair Value

Sold Prices£43.5K - £238K
Sold Prices/m²£762/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£50,500

 

 

End Value (After Refurb)

£99,987

Uplift in Value

+100%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,700

Refurb Costs

£27,746

Bridging Loan Interest

£1,313

Total Cash In

£46,008

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£99,987

Agent Fees (1%)

£1,000

Bridging Loan

£37,500

Bridging Loan Interest

£1,313

Flip Profit

£15,478

Local Sold Prices

50 sold prices from £43.5K to £238K, average is £95.5K. £762/m² to £3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£111K04/230 mi13, Grawen Terrace, Merthyr Tydfil CF47 8TH2
£89K11/200 mi20, Grawen Terrace, Merthyr Tydfil CF47 8TH2
£72.5K04/210.01 mi7, Miles Street, Merthyr Tydfil CF47 8TB2
£70K11/200.02 mi6, Mount Street, Merthyr Tydfil CF47 8TN2
£82K03/210.03 mi1, Tydfil Terrace, Merthyr Tydfil CF47 8SY2
£81K06/210.03 mi7, Tydfil Terrace, Merthyr Tydfil CF47 8SY2
£122.5K11/210.12 mi27, Stuart Street, Merthyr Tydfil CF47 8SA2
£70K06/210.12 mi13, Brychan Place, Merthyr Tydfil CF47 8NW2
£192K01/230.12 mi7, Llewellyn Street, Merthyr Tydfil CF47 8SR2
£105K04/210.16 mi12, Dane Street, Merthyr Tydfil CF47 8SF2
£55K03/210.16 mi65, Brecon Road, Merthyr Tydfil CF47 8NN2
£107K03/210.28 mi23, Old School Close, Georgetown, Merthyr Tydfil CF48 1DA2
£95K06/210.31 mi5, Moriah Street, Merthyr Tydfil CF47 8LU2
£68.5K01/230.33 mi13, Garth Street, Merthyr Tydfil CF47 8LT2
£100K05/210.37 mi21, Abermorlais Terrace, Merthyr Tydfil CF47 8HU2
£57K11/210.37 mi16, Abermorlais Terrace, Merthyr Tydfil CF47 8HU2
£72K06/210.39 mi10, Elm Grove, Merthyr Tydfil CF47 9NW2
£185K10/210.41 mi2, Penydarren Park, Merthyr Tydfil CF47 8YW2
£147.5K01/230.42 mi20, Heritage Court, Merthyr Tydfil CF47 9AQ2
£125K05/230.44 mi4, Wood Lane, Merthyr Tydfil CF48 1AZ2
£43.5K11/200.46 mi2, Roberts Lane, Merthyr Tydfil CF47 8UF2
£96K04/210.55 mi15, Tai Penyard, Merthyr Tydfil CF47 0LP2
£120K12/220.56 mi102, Trevethick Street, Merthyr Tydfil CF47 0HX2
£130K07/230.59 mi20, Bishops Grove, Merthyr Tydfil CF47 9LJ2
£68K11/210.61 mi10, Upper Colliers Row, Merthyr Tydfil CF48 1UN2
£108.5K10/200.65 mi152, Cae'r Wern, Merthyr Tydfil CF48 1AD2
£100K11/210.65 mi19, Darren View, Merthyr Tydfil CF47 0HH2
£85K09/210.67 mi17, Gelli Deg, Merthyr Tydfil CF48 1ES2
£73K09/210.69 mi73, Tramroadside North, Merthyr Tydfil CF47 0EG2
£115K08/230.69 mi73, Tramroadside North, Merthyr Tydfil CF47 0EG2
£115K07/230.7 mi9, Penlan View, Merthyr Tydfil CF47 8NJ2
£94K12/200.73 miFlat 5, Buckland House, Caedraw Road, Merthyr Tydfil CF47 8HG2
£135K02/230.75 mi7, Lloyds Terrace, Penydarren, Merthyr Tydfil CF47 9HT2
£110K06/230.8 mi23, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£90K03/210.8 mi13, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£88K03/210.8 mi4, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£90K09/230.8 mi18, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£125K02/210.84 mi41, Trevithick Gardens, Merthyr Tydfil CF47 0RP2
£145K08/230.84 mi17, Trevithick Gardens, Merthyr Tydfil CF47 0RP2
£52.3K05/210.84 mi1, Morrell Street, Merthyr Tydfil CF47 0NG2
£128K06/230.85 mi12, Argyle Street, Merthyr Tydfil CF47 0NS2
£94K03/230.85 mi79, Twynyrodyn Road, Merthyr Tydfil CF47 0PT2
£140K01/230.86 mi12, Queens Road, Merthyr Tydfil CF47 0NB2
£127.5K01/230.87 mi25, St Tydfils Avenue, Merthyr Tydfil CF47 0NW2
£95K01/210.87 mi23, St Tydfils Avenue, Merthyr Tydfil CF47 0NW2
£238K08/220.87 miGelliddu Bungalow, Mount Pleasant, Heolgerrig, Merthyr Tydfil CF48 1RY2
£100K07/210.88 mi15, Holford Street, Cefn Coed, Merthyr Tydfil CF48 2RN2
£85K01/230.88 mi16, James Street, Merthyr Tydfil CF47 0NF2
£85K02/230.89 mi45, Church Street, Penydarren, Merthyr Tydfil CF47 9HR2
£73K08/210.89 mi1, Mary Street, Merthyr Tydfil CF47 0PY2

Local Rents

18 rents from £550/mo to £795/mo, average is £688/mo.

RentDateDistanceAddressBeds 
£65002/240.02 mi-2
£65003/240.02 mi-2
£70001/250.04 mi-2
£55003/240.31 miMoriah Street, Merthyr Tydfil2
£65005/240.33 miBevan Place, Bethesda St, Georgetown2
£67505/240.37 miAbermorlais Terrace, MERTHYR TYDFIL2
£67503/240.47 miWoodland Walk, Cae Penderyn, Georgetown2
£64507/230.47 mi-2
£62002/250.47 mi-2
£75004/240.48 miPenderyn Close, MERTHYR TYDFIL2
£75005/240.48 miPenderyn Close, MERTHYR TYDFIL2
£77506/240.49 mi-2
£77505/240.49 miWoodland Walk, Merthyr Tydfil, CF482
£77505/240.49 miWoodland Walk, Merthyr Tydfil, CF482
£75003/240.5 miPenderyn Close, Merthyr Tydfil2
£67504/240.51 miTramroad Terrace, MERTHYR TYDFIL2
£79503/240.57 miTrevethick Street, Merthyr tydfil2
£75005/240.59 miTramroadside North, MERTHYR TYDFIL2

Local Area Statistics

Population in CF47

21,952

Population in Merthyr Tydfil

48,950

Town centre distance

1.44 miles away

Nearest school

0.10 miles away

Nearest train station

0.67 miles away

 

 

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+48%

Property History

Listed for £50,000

December 26, 2024

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • No onward chain +
  • Great investment opportunity +
  • Close to local amenities +
  • Great transport links +

SUMMARY
This terraced house, ideal for first-time buyers or investors, offers two bedrooms, a reception room, a kitchen, a garden, and is conveniently located near public transport, amenities, parks, and schools, with no onward chain.

DESCRIPTION
We are pleased to present this terraced house on the market for sale with no onward chain. This property is in need of modernising, offering an excellent opportunity for first-time buyers looking to put their own stamp on their new home, or investors seeking a project.

The property comprises of a total of two bedrooms, one reception room, a kitchen and a bathroom. The first bedroom is a spacious double, offering ample space for relaxation and rest.

One of the unique features of this property is its garden. This outside space provides a perfect haven for those who enjoy outdoor living, gardening, or simply relaxing in the fresh air.

In terms of location, this property has a lot to offer. It is situated in close proximity to public transport links and it is also near a variety of local amenities, as well as nearby parks, which are perfect for leisurely walks or family outings.

Whether you're a first-time buyer or an investor, this property presents an opportunity not to be missed.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

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, Merthyr Tydfil

01685 701136

Next Steps?

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