3 Bed Terraced House, Refurb/BRRR, Neath, SA11 1NF, £50,000

Charles Street, Neath, SA11 1NF - 4 views - 3 months ago

Sold STC
Auction
BTL
Refurb/BRRR
ROI: 7%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£62K - £270K
Sold Prices/m²£660/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£538/m²

Value Estimate

£50,000

 

 

End Value (After Refurb)

£109,283

Uplift in Value

+119%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,700

Refurb Costs

£37,702

Bridging Loan Interest

£1,313

Total Cash In

£55,964

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£109,283

Agent Fees (1%)

£1,093

Bridging Loan

£37,500

Bridging Loan Interest

£1,313

Flip Profit

£14,726

Local Sold Prices

48 sold prices from £62K to £270K, average is £115K. £660/m² to £3.2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£90K10/230 mi9, Charles Street, Neath, Neath Port Talbot SA11 1NF3
£112K05/230.04 mi23, Osborne Street, Neath, Neath Port Talbot SA11 1NN3
£90K12/200.06 mi7, Ropewalk Terrace, Neath, Neath Port Talbot SA11 1EP3
£130K01/230.1 mi107, Windsor Road, Neath, Neath Port Talbot SA11 1NS3
£128K07/240.1 mi103, Windsor Road, Neath, Neath Port Talbot SA11 1NS3
£150K03/230.14 mi28, London Road, Neath, Neath Port Talbot SA11 1LE3
£160K07/230.14 mi48, London Road, Neath, Neath Port Talbot SA11 1LE3
£160K07/230.14 mi48, London Road, Neath, Neath Port Talbot SA11 1LE3
£170K11/200.16 mi118, London Road, Neath, Neath Port Talbot SA11 1HL3
£70.5K12/200.16 mi30, Pendrill Street, Neath, Neath Port Talbot SA11 1BP3
£71.5K12/230.16 mi39, Pendrill Street, Neath, Neath Port Talbot SA11 1BP3
£85K06/210.18 mi7, Brookdale Street, Neath, Neath Port Talbot SA11 1PB3
£92.5K07/210.2 mi42, Greenway Road, Neath, West Glamorgan SA11 1HG3
£100K11/210.2 mi41, Greenway Road, Neath, Neath Port Talbot SA11 1HG3
£150K09/210.2 mi13, Geoffrey Street, Neath, Neath Port Talbot SA11 1HU3
£78K11/210.21 mi9, Creswell Road, Neath, Neath Port Talbot SA11 1HE3
£83.5K06/210.22 mi67, Pendrill Street, Neath, Neath Port Talbot SA11 1BW3
£115K02/230.22 mi31, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£115K03/210.22 mi48, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£118K01/240.22 mi18, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£87K09/230.22 mi56, Eastland Road, Neath, Neath Port Talbot SA11 1HY3
£87K12/200.24 mi20, Eastland Road, Neath, Neath Port Talbot SA11 1HS3
£147.5K12/230.24 mi15, Eastland Road, Neath, Neath Port Talbot SA11 1HS3
£95K03/230.25 mi49, Whittington Street, Neath, Neath Port Talbot SA11 1AN3
£200K03/210.26 mi16, Victoria Gardens, Neath, Neath Port Talbot SA11 3BE3
£119K06/230.26 mi36, Whittington Street, Neath, Neath Port Talbot SA11 1AW3
£107K08/230.26 mi21, Briton Ferry Road, Neath, Neath Port Talbot SA11 1AF3
£140K03/210.28 mi12, Bilton Road, Neath, Neath Port Talbot SA11 1YU3
£130K03/230.29 mi25, Llewellyn Street, Neath, Neath Port Talbot SA11 1EJ3
£103K08/240.29 mi3, Llewellyn Street, Neath, Neath Port Talbot SA11 1EJ3
£212K05/230.3 mi12, Ena Avenue, Neath, Neath Port Talbot SA11 3AD3
£82K11/210.31 mi43, Water Street, Neath, Neath Port Talbot SA11 3ET3
£270K03/210.31 mi5, Wellfield Square, Neath, Neath Port Talbot SA11 1YY3
£177K10/210.31 mi3, Wellfield Square, Neath, Neath Port Talbot SA11 1YY3
£100K06/210.32 mi11, Roman Way, Neath, Neath Port Talbot SA10 7BE3
£119K12/220.32 mi7, Roman Way, Neath, Neath Port Talbot SA10 7BE3
£189.5K11/200.34 mi17, Gnoll Avenue, Neath, West Glamorgan SA11 3AF3
£215K06/240.34 mi17, Gnoll Avenue, Neath, Neath Port Talbot SA11 3AF3
£72K11/200.34 mi10, George Street, Neath, Neath Port Talbot SA11 1TT3
£125K06/210.34 mi61, Roman Way, Neath, Neath Port Talbot SA10 7BH3
£103K03/210.35 mi40, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£115K10/230.35 mi43, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£162.5K05/240.36 mi52, Wellfield Avenue, Neath, Neath Port Talbot SA11 1AX3
£89.5K07/210.37 mi51, Danygraig Road, Neath, Neath Port Talbot SA11 1UA3
£62K11/200.39 mi10, Taylors Row, Neath, Neath Port Talbot SA11 1SY3
£165K08/210.4 mi24, Hillside, Neath, Neath Port Talbot SA11 1TS3
£105K06/230.4 mi9, Hillside, Neath, Neath Port Talbot SA11 1TS3
£75K08/210.41 mi16, Burrows Road, Neath, Neath Port Talbot SA11 1TA3

Local Rents

15 rents from £700/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£90008/240.04 miOsborne Street, NEATH3
£80008/240.09 miElias Street, Neath, Neath Port Talbot.3
£90008/240.18 miBrookdale Street, NEATH3
£80012/240.19 mi-3
£79511/240.26 mi-3
£80012/240.34 miGeorge Street, NEATH3
£75012/240.35 mi-3
£70009/240.36 mi-3
£79512/240.36 mi-3
£79512/240.36 mi-3
£1,15009/230.38 mi-3
£92512/240.38 miWellfield Avenue, Neath3
£75008/240.43 mi-3
£84503/250.52 mi-3
£1,10012/240.54 miPark Street, , Neath3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

2.54 miles away

Nearest school

0.30 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £50,000

February 5, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Perfect Investment! +
  • Ideal Buy to Let +
  • Requires Modernising +
  • Town Centre Location +
  • Priced to sell! +

SUMMARY
Calling all investors or first time buyers! The ideal project home which requires modernisation available for sale with no on going chain! Boasting two reception spaces, three double bedrooms, a fitted kitchen and bathroom with a low maintenance courtyard garden!

DESCRIPTION
Available for sale with no on going chain is this perfect investment or first time purchase! Nestled into a side street within Neath Town Centre providing excellent access to a main line train station, frequently running buses, high street stores and restaurants! With resident permit parking available and well renowned local schools nearby!
Internally, the property comprises of an entrance hallway, with stairs to the landing and doors through to a lounge and separate dining room. To the rear is a fitted kitchen and bathroom with an exit to the courtyard garden. The first floor houses three double bedrooms and a loft hatch for access to the attic space.
Internal viewings are highly recommended!

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hall 

Lounge 12' 4" max x 10' 4" ( 3.76m max x 3.15m )

Dining Room 12' 5" max x 11' 3" ( 3.78m max x 3.43m )

Kitchen 9' 3" x 8' 6" ( 2.82m x 2.59m )

Landing 

Bathroom 

Bedroom One 15' 7" max x 10' 5" ( 4.75m max x 3.17m )

Bedroom Two 11' 3" x 8' 6" Plus Recess ( 3.43m x 2.59m Plus Recess )

Bedroom Three 9' 4" Plus Recess x 8' 5" ( 2.84m Plus Recess x 2.57m )

Courtyard Garden 

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, Neath

01639 505098

Next Steps?

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