4 Bed HMO, Abertillery, NP13 2RB £138,000

The Old Police Station, High Street, Llanhilleth, Abertillery, Gwent, NP13 2RB - 13 views - 10 months ago
Sold STC
Auction
HMO
Outside Article 4
ROI: 21%
~129 m²
Property image
Property image

ValuationUndervalued

Sold Prices£100K - £460K
Sold Prices/m²£1K/m² - £3.4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.1K/m²

Value Estimate

£165,600
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£34,500

Stamp Duty & Legal Fees

£8,360

Total Cash In

£42,860

 

 

Cash Out

 

Room Rate

£511

Gross Rent

£2,044

Running Costs/mo

£1,284

Cashflow/mo

£760

Cashflow/yr

£9,119

ROI

21%

Gross Yield

18%

Local Sold Prices

22 sold prices from £100K to £460K, average is £278.3K. £1K/m² to £3.4K/m², average is £2.2K/m².

Price
Date
Distance
Address
Beds
 
£115K06/230.18 mi18, Brooklyn Terrace, Llanhilleth, Abertillery, Blaenau Gwent NP13 2RF4
£100K12/240.49 miIvy Villa, Commercial Road, Llanhilleth, Abertillery NP13 2HS4
£100K12/240.49 miIvy Villa, Commercial Road, Llanhilleth, Abertillery NP13 2HS4
£365K10/221.27 miHafod Arthen, Penybryn Terrace, Abertillery NP13 2DT4
£155K09/221.32 mi6, Aberbeeg Road, Abertillery, Blaenau Gwent NP13 2EG4
£399.9K09/241.51 miHafod Fan House, High Street, Six Bells, Abertillery NP13 2QB4
£399.9K09/241.51 miHafod Fan House, High Street, Six Bells, Abertillery NP13 2QB4
£190K07/251.68 mi55, Elm Court, Newport NP11 5LU4
£275K08/231.7 mi29, Albertina Road, Newbridge, Newport, Caerphilly NP11 3DX4
£460K02/231.75 mi2, Plynlimon Close, Croespenmaen, Newport, Caerphilly NP11 3GJ4
£360K12/231.77 mi36, Manor Park, Newport NP11 4RT4
£396K02/251.78 mi12, Cemaes Road, Newport NP11 3GQ4
£396K02/251.78 mi12, Cemaes Road, Newport NP11 3GQ4
£220K03/251.82 mi138, Richmond Road, Six Bells, Abertillery NP13 2PQ4
£365K10/211.82 mi88, North Road, Newbridge, Newport, Caerphilly NP11 4AF4
£281.5K05/241.86 mi9, Cae Celyn, Newport NP11 3AT4
£315K12/221.89 mi11, Cae Celyn, Croespenmaen, Newport, Caerphilly NP11 3AT4
£195K03/231.97 mi29, Parc Bevin, Croespenmaen, Newport, Caerphilly NP11 3AN4
£273K09/231.97 mi45, Parc Bevin, Croespenmaen, Newport, Caerphilly NP11 3AN4
£310K02/241.99 mi15, Bevin Park, Newport NP11 3AN4
£235K01/241.99 mi2, Bevin Park, Newport NP11 3AN4
£255K03/241.99 mi7, Bevin Park, Newport NP11 3AN4

Local Area Statistics

Population in NP13

20,064

Town centre distance

2.30 miles away

Nearest school

0.70 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+69%

Property History

Listed for £138,000

January 6, 2025

Description

For sale by online, unconditional auction on 05/02/2025 18:55

Guide Price: £138,000

DETACHED BUILDING WITH POTENTIAL

A rare opportunity to acquire a former Police station in Llanhilleth High Street. This large detached building offers scope to investors and developers for a number of suggested uses, including HMO (house of multiple occupancy), conversion to flats (subject to the necessary licenses & consents) etc. It once had commercial class useage but has been approved as a residential building in recent years. Due to the layout and history of the building, we feel confident that it would offer much potential for commercial ventures (subject to approved change of useage).

Llanhilleth is a village within the Gwent valleys and offers a range of amenities including shops, food outlets and a railway line which provides convenient travel to Newport and Cardiff in the south, and Ebbw Vale in the North. This makes it a popular area with commuters. The nearby towns of Abertillery and Ebbw Vale provide a more extensive selection of shops, supermarkets and other facilities. Road links are provided by the nearby A467, with convenient access throughout Gwent, leading to The Heads of The Valleys Road in the North and M4 motorway in the South.

Accommodation consists of multiple versatile rooms over two storeys with a sizeable loft area with access ladder and electric lighting. Outside there is a level, low maintenance yard area to the side and rear. The current sellers have had drawings prepared for potential conversion to flats, please contact us for more information.

Accommodation
Ground Floor - Main entrance to hallway, large room (previously police reception area), former police cell (now large bathroom with WC, bath and double shower), boiler room, room 1, room 2, doorway to passage way to room 3, large storage cupboard and door to backyard, side-entrance to outer lobby with gas and electric services, door leading topassage with ground floor wash-room/WC,door leading to rear passage and stairs to first-floor

First Floor - Landing, door to rooms 4,5,6,7, gents WC/shower, ladies WC/shower, kitchen

Loft Area - Accessed by ladder and fully floored with electrical lighting and power sockets

Outside - gated access to side and rear of property

Tenancy Details
To be sold with vacant possession

Tenure
Tenure is advised Freehold (to be verified)

Applicable Fees Please note: A Buyers Premium will be applicable to all lots sold at auction, this is charged at 0.01 inc. VAT of the final sale price (subject to a minimum of 995.00 inc. VAT).

Agent Details

Sage & Co Auctions, Cwmbran

01633 603899

Next Steps?

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