2 Bed Terraced House, Refurb/BRRR, Port Talbot, SA13 3YU, £80,000

Gelli Terrace, Abergwynfi, PORT TALBOT, SA13 3YU - 10 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 10%
~68 m²
+12 photos

ValuationFair Value

Sold Prices£55K - £142K
Sold Prices/m²£484/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£80,000

 

 

End Value (After Refurb)

£71,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Refurb Costs

£27,830

Bridging Loan Interest

£2,100

Total Cash In

£55,280

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£71,750

Mortgage (After Refinance)

£53,813

Mortgage LTV

75%

Cash Left In

£55,280

Equity

£17,938

Rent Range

£550 - £1,650

Rent Estimate

£856

Running Costs/mo

£415

Cashflow/mo

£441

Cashflow/yr

£5,287

ROI

10%

Gross Yield

13%

Local Sold Prices

26 sold prices from £55K to £142K, average is £90K. £484/m² to £2.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£90K03/230.03 mi69, High Street, Abergwynfi, Port Talbot, Neath Port Talbot SA13 3YN2
£115K07/211.25 mi8, Gelli Houses, Cymmer, Port Talbot, Neath Port Talbot SA13 3NP2
£70K11/201.9 mi7, Sunnyside Terrace, Cymmer, Port Talbot, Neath Port Talbot SA13 3LY2
£55K05/211.92 mi19, Heol Y Glyn, Cymmer, Port Talbot, Neath Port Talbot SA13 3NA2
£115K01/231.93 mi43, Heol Y Glyn, Cymmer, Port Talbot, Neath Port Talbot SA13 3NB2
£77.5K04/211.98 mi31, Mount Pleasant, Blaengarw, Bridgend CF32 8AL2
£89K01/211.99 mi40, Marian Street, Blaengarw, Bridgend, Mid Glamorgan CF32 8AG2
£120K03/242 mi40, Marian Street, Blaengarw, Bridgend CF32 8AG2
£82K01/212.02 mi3, Katie Street, Blaengarw, Bridgend CF32 8AB2
£105K10/212.04 mi9, Cavell Street, Glyncorrwg, Port Talbot, Neath Port Talbot SA13 3AE2
£75K05/232.05 mi3, Margam Street, Cymmer, Port Talbot, Neath Port Talbot SA13 3ED2
£89K03/232.05 mi10, Margam Street, Cymmer, Port Talbot, Neath Port Talbot SA13 3ED2
£70K10/202.06 mi110, Margam Street, Cymmer, Port Talbot, Neath Port Talbot SA13 3EF2
£90K09/222.19 mi14, Baxter Terrace, Glyncorrwg, Port Talbot, Neath Port Talbot SA13 3DG2
£130K08/212.19 mi4, Green Meadow, Glyncorrwg, Port Talbot, Neath Port Talbot SA13 3BN2
£123K10/232.2 mi7, James Road, Blaengarw, Bridgend CF32 8BP2
£142K12/222.3 mi10, Glanselsig Street, Blaencwm, Treorchy, Rhondda Cynon Taff CF42 5EB2
£88K01/242.32 mi97, King Edward Street, Blaengarw, Bridgend CF32 8NG2
£55K05/232.41 mi33, Hendre-wen Road, Blaencwm, Treorchy, Rhondda Cynon Taff CF42 5DR2
£70K05/212.43 mi15, Treharne Road, Maesteg, Bridgend CF34 0PS2
£110K07/232.67 mi9, Duffryn Road, Maesteg, Bridgend CF34 0SS2
£65K12/202.73 mi74, The Avenue, Pontycymer, Bridgend CF32 8NA2
£115K08/232.95 mi37, Gwaun Bant, Pontycymer, Bridgend CF32 8LN2
£110K07/242.98 mi5, Railway Terrace, Pontycymer, Bridgend CF32 8EB2
£96.5K09/232.98 mi4, Railway Terrace, Pontycymer, Bridgend CF32 8EB2
£102.5K09/232.99 mi3, Garreg Road, Pontycymer, Bridgend CF32 8EL2

Local Rents

19 rents from £550/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£67508/240.18 miJersey Road, Blaengwynfi, PORT TALBOT3
£69508/240.21 miVilliers Road, Blaengwynfi, 3
£75008/240.48 miGwynfi Street, Blaengwynfi, PORT TALBOT3
£1,30001/251.02 mi-3
£1,40007/241.04 mi-4
£85004/241.74 mi-3
£75002/241.74 mi-3
£75008/241.76 miLloyds Terrace, Cymmer, PORT TALBOT3
£1,20001/251.91 mi-4
£89508/241.91 miSchool Road, Cymmer, PORT TALBOT3
£75003/242.03 mi-3
£80001/252.03 mi-3
£55012/242.09 miHeol Yr Afon, Glyncorrwg, Port Talbot1
£65012/242.12 miBrick Street, Glyncorrwg, PORT TALBOT3
£62510/232.12 mi-3
£80012/242.24 miCaerau Road, MAESTEG3
£60012/242.25 mi-3
£57512/242.33 mi-3
£1,65001/252.46 mi-4

Local Area Statistics

Population in SA13

19,501

Population in Port Talbot

52,166

Town centre distance

8.69 miles away

Nearest school

1.30 miles away

Nearest train station

3.14 miles away

 

 

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £80,000

January 11, 2025

Floor Plans

Description

  • Semi-Rural Location +
  • Huge Potential to Create a Unique Family Home +
  • Two Sizeable Bedrooms +
  • Additional Reception Room +
  • Council Tax Band: A +

SUMMARY
In the semi-rural village of Abergwynfi, this two-bedroom mid-terrace property offers a fantastic opportunity for first-time buyers, growing families, or savvy investors.

DESCRIPTION
In the semi-rural village of Abergwynfi, this two-bedroom mid-terrace property offers a fantastic opportunity for first-time buyers, growing families, or savvy investors.

The ground floor welcomes you with a cosy front room, alongside a second living room that provides additional space for entertaining or family gatherings. The kitchen offers ample potential, leading to a practical utility area ideal for extra storage or laundry needs. Upstairs, you'll find two bedrooms, including a generous master bedroom and another bedroom that could suit children, guests, or home office needs. The family bathroom is spacious, offering room for a full suite with the potential for modernisation. To the rear, the property features a garden with gated side access.

While the property is in need of updating, it offers an excellent opportunity to transform it into a spacious family home or a valuable addition to an investment portfolio. Viewing is highly recommended to appreciate the potential of this mid-terrace gem. Please call or email to arrnage a viewing.

Entrance Hallway 

Reception Room 12' 3" x 9' 3" ( 3.73m x 2.82m )

Living Room/Dining Area 12' x 9' 11" ( 3.66m x 3.02m )

Bathroom 

Kitchen 11' 1" x 8' 4" ( 3.38m x 2.54m )

Utility Space 

Bedroom One 15' 7" x 13' 1" ( 4.75m x 3.99m )

Bedroom Two 9' 11" x 8' 5" ( 3.02m x 2.57m )

Outside 
Courtyard with gated side access.

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, Maesteg

01656 331397

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪