2 Bed Flat, Refurb/BRRR, Pontypridd, CF37 2AJ, £106,950

Erris Court, Berw Road, Pontypridd, CF37 2AJ - 3 views - 3 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£86.5K - £130K
Sold Prices/m²£1.2K/m² - £1.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£105,000

 

 

End Value (After Refurb)

£120,863

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,738

Stamp Duty & Legal Fees

£4,409

Refurb Costs

£27,600

Bridging Loan Interest

£2,807

Total Cash In

£63,303

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£120,863

Mortgage (After Refinance)

£90,647

Mortgage LTV

75%

Cash Released

£10,435

Cash Left In

£52,869

Equity

£30,216

Rent Range

£650 - £895

Rent Estimate

£770

Running Costs/mo

£552

Cashflow/mo

£218

Cashflow/yr

£2,620

ROI

4%

Gross Yield

9%

Local Sold Prices

8 sold prices from £86.5K to £130K, average is £105K.

PriceDateDistanceAddressBeds 
£90K10/220.24 miFlat 4, Chandlers Court, East Street, Pontypridd, Rhondda Cynon Taff CF37 4PJ2
£105K11/200.68 miFlat 18, Pavia Court, Graigwen Road, Pontypridd, Rhondda Cynon Taff CF37 2TW2
£122.7K02/230.68 miFlat 31, Pavia Court, Graigwen Road, Pontypridd, Rhondda Cynon Taff CF37 2TW2
£105K11/200.68 miFlat 18, Pavia Court, Graigwen Road, Pontypridd, Rhondda Cynon Taff CF37 2TW2
£130K12/210.68 miFlat 21, Pavia Court, Graigwen Road, Pontypridd, Rhondda Cynon Taff CF37 2TW2
£120K06/220.79 miFlat 11, Pavia Court, Graigwen Road, Pontypridd, Rhondda Cynon Taff CF37 2TW2
£87K05/212.57 mi52, The Garth, Abertridwr, Caerphilly CF83 4ES2
£86.5K07/232.57 mi51, The Garth, Abertridwr, Caerphilly CF83 4ES2

Local Rents

23 rents from £650/mo to £895/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£85011/230.3 mi-2
£72502/250.35 mi-2
£70008/240.43 mi-2
£89512/240.45 miBridge Street, Pontypridd2
£77508/240.62 mi-2
£75006/230.62 mi-2
£85012/240.64 miHillside View, Graigwen, Pontypridd2
£83512/240.85 miImperial Gate, Pontypridd, 2
£65012/240.86 miJenkins Street, Hopkinstown, Pontypridd, CF372
£70012/240.87 miZero Mitchel Terrace 2
£65012/240.9 miBroadway Rhondda Cynon Taff2
£79012/240.91 miBarry Road, Pontypridd, CF37 1HY2
£89512/240.91 miWood Road, Treforest, Pontypridd2
£80012/240.92 miGraig Yr Helfa Road, Pontypridd, 2
£69504/250.96 mi-2
£75012/240.97 miMadoc Street, Pontypridd, 2
£75012/240.99 miRickard Terrace, Pontypridd, 2
£75012/240.99 miRickard Terrace, Pontypridd, 2
£75003/251.06 mi-2
£80012/241.08 miRichard Street, PONTYPRIDD2
£72012/241.1 miWood Road, Treforest2
£67512/241.18 mi-2
£85012/241.18 mi-2

Local Area Statistics

Population in CF37

38,309

Population in Pontypridd

61,397

Town centre distance

0.69 miles away

Nearest school

0.10 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+12%

Sales demand

Balanced market

Capital growth (5yrs)

+40%

Property History

Listed for £106,950

December 26, 2024

Floor Plans

Description

  • TWO BEDROOMS +
  • FIRST FLOOR FLAT +
  • MODERN KITCHEN +
  • CONTEMPORARY BATHROOM +
  • OFF ROAD PARKING +
  • CLOSE TO TOWN CENTRE +

360 VIRTUAL WALKTHROUGH AVAILABLE

MODERN BATHROOM & KITCHEN * COMBI BOILER * OFF ROAD PARKING * TWO BEDROOMS

Sell Right Estate Agents are pleased to bring to the market this spacious, first floor, two bedroom flat in Pontypridd town. The property's convenient location means its within a short distance all the local amenities and transport links that Pontypridd town centre has to offer. The owner has made some tasteful modernisations the past few years with the addition of more modern bathroom and kitchen suites. The accommodation comprises of a landing area, spacious lounge, modern fitted kitchen with solid oak work tops, contemporary bathroom suite, two bedrooms and access to a loft for storage. Externally the property benefits from an allocated parking space to the front and a communal garden to the rear. Please contact Sell Right Estate Agents to arrange your viewing on this lovely property.

Tenure: Leasehold
Lease term remaining: 80 years
Annual Ground Rent: £37.50
Annual Service Charges: £368
Council Tax Band: B
Annual Gross Council Tax Charge: £1566.62

Agent Details

Sell Right Estate Agents, Church Village

01443 801862

Next Steps?

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