2 Bed Terraced House, Refurb/BRRR, Port Talbot, SA13 3NP, £85,000

Gelli Houses Cymmer, Port Talbot, SA13 3NP - 2 views - 2 months ago

Cash
Refurb/BRRR
ROI: 9%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£55K - £156K
Sold Prices/m²£484/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£84,336

 

 

End Value (After Refurb)

£73,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£27,830

Bridging Loan Interest

£2,231

Total Cash In

£56,812

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£73,000

Mortgage (After Refinance)

£54,750

Mortgage LTV

75%

Cash Left In

£56,812

Equity

£18,250

Rent Range

£433 - £1,650

Rent Estimate

£826

Running Costs/mo

£413

Cashflow/mo

£413

Cashflow/yr

£4,952

ROI

9%

Gross Yield

12%

Local Sold Prices

23 sold prices from £55K to £156K, average is £89K. £484/m² to £2.7K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£115K07/210 mi8, Gelli Houses, Cymmer, Port Talbot, Neath Port Talbot SA13 3NP2
£70K11/200.71 mi7, Sunnyside Terrace, Cymmer, Port Talbot, Neath Port Talbot SA13 3LY2
£55K05/210.78 mi19, Heol Y Glyn, Cymmer, Port Talbot, Neath Port Talbot SA13 3NA2
£75K05/230.81 mi3, Margam Street, Cymmer, Port Talbot, Neath Port Talbot SA13 3ED2
£89K03/230.81 mi10, Margam Street, Cymmer, Port Talbot, Neath Port Talbot SA13 3ED2
£70K10/200.82 mi110, Margam Street, Cymmer, Port Talbot, Neath Port Talbot SA13 3EF2
£115K01/230.93 mi43, Heol Y Glyn, Cymmer, Port Talbot, Neath Port Talbot SA13 3NB2
£90K03/231.26 mi69, High Street, Abergwynfi, Port Talbot, Neath Port Talbot SA13 3YN2
£70K05/211.44 mi15, Treharne Road, Maesteg, Bridgend CF34 0PS2
£110K07/231.69 mi9, Duffryn Road, Maesteg, Bridgend CF34 0SS2
£105K10/211.74 mi9, Cavell Street, Glyncorrwg, Port Talbot, Neath Port Talbot SA13 3AE2
£130K08/211.87 mi4, Green Meadow, Glyncorrwg, Port Talbot, Neath Port Talbot SA13 3BN2
£90K09/221.96 mi14, Baxter Terrace, Glyncorrwg, Port Talbot, Neath Port Talbot SA13 3DG2
£156K10/202.28 mi1, Nant Y Derwen, Nantyffyllon, Maesteg, Bridgend CF34 0TA2
£77.5K04/212.65 mi31, Mount Pleasant, Blaengarw, Bridgend CF32 8AL2
£89K01/212.66 mi40, Marian Street, Blaengarw, Bridgend, Mid Glamorgan CF32 8AG2
£82K01/212.66 mi3, Katie Street, Blaengarw, Bridgend CF32 8AB2
£120K03/242.66 mi40, Marian Street, Blaengarw, Bridgend CF32 8AG2
£106K10/202.67 mi10, Garnwen Terrace, Maesteg, Mid Glamorgan CF34 0ET2
£65K05/212.71 mi11, Garnwen Terrace, Maesteg, Bridgend CF34 0ET2
£55.5K02/212.75 mi3, Brown Street, Maesteg, Bridgend CF34 0BN2
£123K10/232.85 mi7, James Road, Blaengarw, Bridgend CF32 8BP2
£88K01/242.93 mi97, King Edward Street, Blaengarw, Bridgend CF32 8NG2

Local Rents

24 rents from £433/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£1,40007/240.44 mi-4
£1,30001/250.46 mi-3
£85004/240.52 mi-3
£75002/240.52 mi-3
£75008/240.53 miLloyds Terrace, Cymmer, PORT TALBOT3
£89508/240.67 miSchool Road, Cymmer, PORT TALBOT3
£80001/250.79 mi-3
£75003/240.79 mi-3
£1,20001/250.88 mi-4
£75008/241.16 miGwynfi Street, Blaengwynfi, PORT TALBOT3
£80012/241.28 miCaerau Road, MAESTEG3
£60012/241.28 mi-3
£69508/241.28 miVilliers Road, Blaengwynfi, 3
£67508/241.3 miJersey Road, Blaengwynfi, PORT TALBOT3
£57512/241.34 mi-3
£1,65001/251.42 mi-4
£75012/241.56 miWesley Street, Maesteg, Bridgend. CF34 0PY3
£43312/241.57 miCaerau Road, Maesteg1
£80002/251.7 mi-3
£55012/241.75 miHeol Yr Afon, Glyncorrwg, Port Talbot1
£75012/241.83 miDuffryn Road, Maesteg 3
£62510/231.85 mi-3
£65012/241.85 miBrick Street, Glyncorrwg, PORT TALBOT3
£67003/252.03 mi-3

Local Area Statistics

Population in SA13

19,501

Population in Port Talbot

52,166

Town centre distance

7.59 miles away

Nearest school

0.30 miles away

Nearest train station

3.16 miles away

 

 

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £85,000

January 30, 2025

Floor Plans

Description

  • Set Amist Stunning Countryside +
  • Grade 2 Listed +
  • Council Tax Band B +
  • Close To Port Talbot +
  • Close Proximity To Margam Country Park +

Introducing to the market this 2-bedroom mid-terrace property, nestled in the picturesque countryside of Cymmer. Situated in a sought-after location, this property offers an excellent opportunity for seasoned movers or first-time buyers seeking a tranquil rural escape. In need of full renovation, it presents the perfect canvas to create a bespoke home in an idyllic setting. Properties of this nature are highly desirable, so early viewing is strongly recommended to avoid disappointment.

Upon entering the property, you are welcomed into a spacious living room, full of potential to personalise and make your own. Conveniently located off the living room are two bedrooms, one featuring fitted wardrobes. The living room also provides seamless access to a generous kitchen-diner, perfect for both everyday living. Completing the layout is a main bathroom and an additional separate shower room, offering practicality and versatility.

Externally, the property boasts a charming courtyard that offers delightful views over the picturesque Welsh countryside.

Living in the Cymmer area offers a blend of natural beauty and convenient transport connections, making it appealing to both first-time buyers and seasoned movers. Local attractions include Margam Country Park, a vast estate featuring a historic castle, deer park, and beautiful gardens, ideal for family outings and nature enthusiasts. For shopping and dining, the nearby town of Port Talbot provides a variety of options to suit all tastes. In terms of transport, the area is well-served by bus routes connecting to Port Talbot, Neath, and Swansea, facilitating easy commutes and access to surrounding areas. Additionally, Port Talbot Parkway and Pyle railway stations are within a short drive, offering regular train services for longer journeys. The proximity to the M4 motorway further enhances connectivity, making SA13 2NP a well-connected and attractive location for prospective homeowners.

Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.

To secure this property in accordance with our terms, a £4,000 deposit will be required, which will be deducted from the purchase price. Additionally, there is a non-refundable Reservation Fee of £450 inc VAT, which is separate from the purchase price.

All cash buyers are required to indemnify searches and surveys as outlined in our terms and conditions

Agent Details

House Sales Direct, Cheadle

0161 524 8266

Next Steps?

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