2 Bed Flat, Refurb/BRRR, Pontypridd, CF37 5LN, £129,950

Fairfield Lane, Hawthorn, Pontypridd, CF37 5LN - 3 months ago

Sold STC

Leasehold

Refurb/BRRR

ROI: 6%

~75 m²

+16 photos

ValuationFair Value

Sold Prices	£86.5K - £137.5K
Sold Prices/m²	£1.2K/m² - £2.5K/m²

Square Metres	~75 m²
Price/m²	£1.7K/m²
Value Estimate	£129,950£129,950

End Value (After Refurb)	£175,690£175,690
Uplift in Value	+35%+35%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£32,488£32,488
Stamp Duty & Legal Fees	£7,698£7,698
Refurb Costs	£30,392£30,392
Bridging Loan Interest	£3,411£3,411
Total Cash In	£75,738£75,738

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£175,690£175,690
Mortgage (After Refinance)	£131,767£131,767
Mortgage LTV	75%75%
Cash Released	£34,305£34,305
Cash Left In	£41,433£41,433
Equity	£43,922£43,922
Rent Range	£325 - £2,700£325 - £2,700
Rent Estimate	£1,203
Running Costs/mo	£810£810
Cashflow/mo	£393£393
Cashflow/yr	£4,720£4,720
ROI	6%6%
Gross Yield	11%11%

Local Sold Prices

21 sold prices from £86.5K to £137.5K, average is £115K. £1.2K/m² to £2.5K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£110K	07/23	1.09 mi	Flat 17, Llys Celyn, Cedar Crescent, Tonteg, Pontypridd, Rhondda Cynon Taff CF38 1LF	-	-	2	Flat
£118K	05/22	1.09 mi	Flat 8, Llys Celyn, Cedar Crescent, Tonteg, Pontypridd, Rhondda Cynon Taff CF38 1LF	-	-	2	Flat
£104K	09/21	1.51 mi	22, Fleming Walk, Church Village, Pontypridd, Rhondda Cynon Taff CF38 1GF	£2,153	48	2	Flat
£108K	03/21	1.51 mi	18, Fleming Walk, Church Village, Pontypridd, Rhondda Cynon Taff CF38 1GF	£1,967	55	2	Flat
£104K	09/21	1.51 mi	22, Fleming Walk, Church Village, Pontypridd, Rhondda Cynon Taff CF38 1GF	£2,153	48	2	Flat
£115K	09/22	1.51 mi	12, Fleming Walk, Church Village, Pontypridd, Rhondda Cynon Taff CF38 1GF	£1,496	77	2	Flat
£137.5K	07/23	1.51 mi	23, Fleming Walk, Church Village, Pontypridd, Rhondda Cynon Taff CF38 1GF	£2,331	59	2	Flat
£120K	03/22	1.51 mi	20, Fleming Walk, Church Village, Pontypridd, Rhondda Cynon Taff CF38 1GF	£2,345	51	2	Flat
£128K	11/22	1.53 mi	25, Meadow Hill, Church Village, Pontypridd, Rhondda Cynon Taff CF38 1RX	£2,520	51	2	Flat
£116K	05/22	1.54 mi	31, Meadow Hill, Church Village, Pontypridd, Rhondda Cynon Taff CF38 1RX	£2,178	53	2	Flat
£115K	04/22	1.54 mi	29, Meadow Hill, Church Village, Pontypridd, Rhondda Cynon Taff CF38 1RX	£2,124	54	2	Flat
£87K	05/21	1.59 mi	52, The Garth, Abertridwr, Caerphilly CF83 4ES	£1,208	72	2	Flat
£86.5K	07/23	1.59 mi	51, The Garth, Abertridwr, Caerphilly CF83 4ES	£1,663	52	2	Flat
£126K	05/21	1.75 mi	22b, Parc Y Bryn, Llantwit Fardre, Pontypridd, Rhondda Cynon Taff CF38 2ED	£2,172	58	2	Flat
£126K	05/21	1.77 mi	22b, Parc Y Bryn, Llantwit Fardre, Pontypridd, Rhondda Cynon Taff CF38 2ED	£2,172	58	2	Flat
£120K	06/22	1.82 mi	Flat 11, Pavia Court, Graigwen Road, Pontypridd, Rhondda Cynon Taff CF37 2TW	-	-	2	Flat
£105K	11/20	2.04 mi	Flat 18, Pavia Court, Graigwen Road, Pontypridd, Rhondda Cynon Taff CF37 2TW	-	-	2	Flat
£122.7K	02/23	2.04 mi	Flat 31, Pavia Court, Graigwen Road, Pontypridd, Rhondda Cynon Taff CF37 2TW	-	-	2	Flat
£105K	11/20	2.04 mi	Flat 18, Pavia Court, Graigwen Road, Pontypridd, Rhondda Cynon Taff CF37 2TW	-	-	2	Flat
£130K	12/21	2.04 mi	Flat 21, Pavia Court, Graigwen Road, Pontypridd, Rhondda Cynon Taff CF37 2TW	-	-	2	Flat
£90K	10/22	2.04 mi	Flat 4, Chandlers Court, East Street, Pontypridd, Rhondda Cynon Taff CF37 4PJ	-	-	2	Flat

Local Rents

50 rents from £325/mo to £2.7K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£650	12/24	0.36 mi	-	1	Flat
£900	12/24	0.62 mi	Meadow Street, Treforest, Pontypridd	3	Flat
£1,700	12/24	0.67 mi	Llantwit Road, Treforest,	5	Flat
£525	12/24	0.67 mi	Meadow Street, Treforest, Pontypridd, CF37	1	Studio Flat
£1,300	12/24	0.67 mi	-	4	Terraced House
£1,050	06/24	0.67 mi	-	4	Terraced House
£1,050	08/24	0.67 mi	-	4	Terraced House
£1,160	12/24	0.67 mi	Birchwood Avenue, Treforest, CF37	4	Terraced House
£2,700	12/24	0.68 mi	Llantwit Road, Treforest, Pontypridd	6	Terraced House
£800	10/23	0.69 mi	-	3	Terraced House
£1,200	12/24	0.69 mi	Gwyn Street, Treforest	4	Flat
£1,240	12/24	0.71 mi	Meadow Street, Treforest	4	Terraced House
£368	12/24	0.71 mi	Llantwit Road, Treforest, Pontypridd	6	Detached House
£2,200	12/24	0.72 mi	Hilda Street, Pontypridd, Mid Glamorgan	6	Terraced House
£1,625	12/24	0.72 mi	Hilda Street, Pontypridd	5	Terraced House
£2,100	12/24	0.72 mi	Llantwit Road, Treforest, Pontypridd, Mid Glamorgan	6	Detached House
£775	12/24	0.72 mi	-	3	Terraced House
£325	12/24	0.73 mi	Williams Place, Pontypridd, Pontypridd	1	Flat
£1,200	12/24	0.74 mi	Meadow Street, Treforest	4	Terraced House
£1,240	12/24	0.74 mi	Meadow Street, Treforest	4	Terraced House
£1,240	10/24	0.74 mi	-	4	Terraced House
£1,950	12/24	0.76 mi	Bertha Street, Pontypridd	5	Terraced House
£2,100	12/24	0.8 mi	John Street, Treforest, Pontypridd, Mid Glamorgan	6	Flat
£1,875	12/24	0.8 mi	John Place, Treforest, Pontypridd, Mid Glamorgan	5	Flat
£1,265	12/24	0.81 mi	John Street, Treforest, Pontypridd	4	Terraced House
£895	06/24	0.81 mi	-	3	Terraced House
£1,100	07/24	0.86 mi	-	3	Terraced House
£1,450	12/24	0.86 mi	Long Row, Pontypridd, Mid Glamorgan	4	Terraced House
£800	03/24	0.86 mi	Main Road, Tonteg, PONTYPRIDD	1	Flat
£1,100	12/24	0.86 mi	-	3	Terraced House
£1,100	11/24	0.86 mi	-	3	Terraced House
£1,100	03/24	0.87 mi	Denbigh Close, Tonteg, Pontypridd	3	House
£1,360	12/24	0.87 mi	Park Street, Treforest	4	Terraced House
£900	12/24	0.9 mi	-	3	Terraced House
£900	07/23	0.9 mi	-	4	Terraced House
£1,000	10/24	0.9 mi	-	4	Terraced House
£1,100	05/23	0.91 mi	-	3	Terraced House
£1,320	12/24	0.91 mi	Castle Buildings, Treforest	4	Terraced House
£1,300	04/25	0.91 mi	-	4	Terraced House
£1,095	04/24	0.91 mi	-	4	Terraced House
£1,180	12/24	0.91 mi	Castle Buildings, Treforest, CF37	4	Terraced House
£1,200	12/24	0.92 mi	-	3	Terraced House
£1,200	08/24	0.92 mi	-	3	Terraced House
£1,500	03/25	0.92 mi	-	3	Terraced House
£815	12/24	0.92 mi	Park Street, Pontypridd	2	Terraced House
£1,200	12/24	0.93 mi	Brook Street, Treforest, Pontypridd	4	Terraced House
£900	12/24	0.93 mi	Collins Terrace	3	Flat
£1,600	12/24	0.93 mi	Collins Terrace, Treforest	5	Terraced House
£675	12/24	0.93 mi	Brook Street, Treforest	1	Flat
£700	12/24	0.93 mi	Brook Street, Treforest	1	Flat

Local Area Statistics

Population in CF37	38,30938,309
Population in Pontypridd	61,39761,397
Town centre distance	2.07 miles away2.07 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.93 miles away0.93 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+12%+12%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+40%+40%

Property History

Listed for £129,950

December 26, 2024

Floor Plans

Description

No Onward Chain +
Ground Floor Flat +
South-East Facing +
Excellent Location +
Single Garage +
Close To Local Amenities +
Great A470/M4 Access +
Combi Boiler +

James Douglas is delighted to welcome this two bedroom ground floor apartment property to the market. Being sold with no onward chain. Set in the ever popular area of Hawthorn, Pontypridd. The perfect first-time-buy, investment or for someone looking to downsize. In brief terms the accommodation comprises an entrance porch, hallway, bedroom two, shower room, living/dining room, bedroom one, kitchen/pantry and rear storage area on the ground floor. Mains gas fired central heating (combi boiler) with UPVC and aluminium windows and doors throughout. On-street parking and a single garage to the rear. A level plot with a concrete base. South-east facing rear. EPC TBC. Council tax band B.

NO ONWARD CHAIN

RENOVATION OPPORTUNITY

PLEASE NOTE THIS PROPERTY IS CURRENTLY FREEHOLD. NEIGHBOURING APARTMENTS ARE CURRENTLY IN DISCUSSIONS TO CREATE A LEASEHOLD AGREEMENT.

SOUTH-EAST FACING REAR

SINGLE GARAGE TO REAR

Fairfield Lane, Hawthorn is within walking distance of the local village shops or within eight minutes drive of Pontypridd town centre which includes a wide range of shops and sporting and recreational facilities. The local primary schools are Heol-Y-Celyn Primary School & Hawthorn Primary School with the local high schools being Cardinal Newman R.C. Comprehensive School and Hawthorn High School. There are useful mainline railway stations in Treforest and Pontypridd town centre. Easy access to the M4 motorway brings other major centres including the capital city of Cardiff, Newport and Swansea within commuting distance.

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

Agent Details

James Douglas, Pontypridd

01449 701232

Next Steps?

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