2 Bed Terraced House, Refurb/BRRR, Swansea, SA1 2LN, £90,000

Vivian Street, Swansea, SA1 2LN - 6 views - 2 months ago

Auction
Refurb/BRRR
ROI: 11%
~68 m²
+10 photos

ValuationFair Value

Sold Prices£63K - £215K
Sold Prices/m²£880/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£90,100

 

 

End Value (After Refurb)

£99,388

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Refurb Costs

£27,830

Bridging Loan Interest

£2,363

Total Cash In

£58,343

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£99,388

Mortgage (After Refinance)

£74,541

Mortgage LTV

75%

Cash Released

£7,041

Cash Left In

£51,302

Equity

£24,847

Rent Range

£700 - £2,150

Rent Estimate

£1,110

Running Costs/mo

£553

Cashflow/mo

£557

Cashflow/yr

£6,689

ROI

11%

Gross Yield

15%

Local Sold Prices

50 sold prices from £63K to £215K, average is £113K. £880/m² to £1.8K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£110K05/210.09 mi22, Gerald Street, Swansea SA1 2LZ2
£115K02/230.14 mi2, Gerald Street, Swansea SA1 2LY2
£71.5K11/220.14 mi43, Gerald Street, Swansea SA1 2LY2
£125K05/230.15 mi5, Odo Street, Swansea SA1 2LT2
£100K09/210.27 mi171, Pentre Treharne Road, Landore, Swansea SA1 2PX2
£115K02/230.28 mi84, Aberdyberthi Street, Swansea SA1 2NH2
£126K02/230.29 mi20, Mysydd Terrace, Landore, Swansea SA1 2PZ2
£115K12/200.32 mi122, Courtney Street, Manselton, Swansea SA5 9NX2
£115K11/200.33 mi7, Compass Street, Manselton, Swansea SA5 9NJ2
£95K08/230.33 mi20, Compass Street, Manselton, Swansea SA5 9NJ2
£81K11/210.33 mi84, Llangyfelach Street, Swansea SA1 2BQ2
£72K07/230.34 mi9, Jersey Street, Swansea SA1 2HF2
£126K07/230.35 mi10, Washington Street, Landore, Swansea SA1 2QE2
£63K03/210.35 mi9, Washington Street, Landore, Swansea SA1 2QE2
£105K08/230.36 mi21, Phillip Street, Manselton, Swansea SA5 9NL2
£145K04/230.36 mi24, Phillip Street, Manselton, Swansea SA5 9NL2
£120K02/230.38 mi38, Villiers Street, Swansea SA1 2HD2
£80K04/210.38 mi3, Montana Place, Landore, Swansea SA1 2QB2
£124K03/230.38 mi1, Montana Place, Landore, Swansea SA1 2QB2
£90K12/200.38 mi321, Llangyfelach Road, Brynhyfryd, Swansea SA5 9LQ2
£105K03/210.41 mi28, Vernon Street, Swansea SA1 2EZ2
£65K01/210.41 mi29, Vernon Street, Swansea SA1 2EZ2
£80K03/210.41 mi28, Major Street, Manselton, Swansea SA5 9NN2
£126K05/230.41 mi28, Major Street, Manselton, Swansea SA5 9NN2
£128K04/210.44 mi23, Monterey Street, Manselton, Swansea SA5 9PF2
£125K01/230.44 mi8, Millwood Street, Manselton, Swansea SA5 9JZ2
£110K08/210.45 mi5, Skinner Street, Swansea SA1 6FU2
£113K11/210.45 mi5, Iorwerth Street, Manselton, Swansea SA5 9NP2
£92K11/200.48 mi47, Hafod Street, Swansea SA1 2HB2
£117K05/230.49 mi16, Hafod Street, Swansea SA1 2HA2
£118K06/210.52 mi41, Clare Street, Manselton, Swansea SA5 9PG2
£120K03/230.52 mi31, Pentre Treharne Road, Landore, Swansea SA1 2PN2
£103K12/220.54 mi19, Pegler Street, Brynhyfryd, Swansea SA5 9JT2
£65K02/230.54 mi3, Colbourne Terrace, Swansea SA1 6FP2
£120K03/230.54 mi439, Llangyfelach Road, Brynhyfryd, Swansea SA5 9LN2
£70K03/230.54 mi32, Colbourne Terrace, Swansea SA1 6FW2
£113K05/210.55 mi44, Clare Street, Manselton, Swansea SA5 9PQ2
£106K05/210.56 mi76, Caebricks Road, Cwmbwrla, Swansea SA5 8NS2
£88.5K03/230.56 mi94, Siloh Road, Landore, Swansea SA1 2PE2
£152K03/230.57 mi53, Manselton Road, Manselton, Swansea SA5 8PQ2
£109K01/230.57 mi5, Manselton Road, Manselton, Swansea SA5 8PQ2
£126.5K08/210.58 mi4, Kildare Street, Manselton, Swansea SA5 9PH2
£105K02/210.58 mi10, Kildare Street, Manselton, Swansea SA5 9PH2
£134K10/210.58 mi87, Sydney Street, Brynhyfryd, Swansea SA5 9JQ2
£95K01/210.6 mi3, Canaan Row, St Thomas, Swansea SA1 8EQ2
£96K03/210.6 mi73, Pwll Street, Landore, Swansea SA1 2PB2
£129.9K11/220.61 mi71, Pwll Street, Landore, Swansea SA1 2PB2
£125K06/230.61 mi13, Pen Y Wern Terrace, Landore, Swansea SA1 2PH2
£127K08/230.61 mi15, Pen Y Wern Terrace, Landore, Swansea SA1 2PH2
£215K03/230.61 mi137c, Kilvey Road, St Thomas, Swansea SA1 8EE2

Local Rents

25 rents from £700/mo to £2.1K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£95008/240.24 miMorfa Road, SWANSEA2
£95008/240.25 miGolwg Y Garreg Wen, Swansea2
£1,10008/240.34 miJersey Street, Swansea, West Wales2
£95010/230.35 mi-2
£89503/250.37 mi-2
£87508/240.39 mi-2
£85010/230.4 mi-2
£84503/250.41 mi-2
£83008/240.42 miCarmarthen Road, SWANSEA2
£89512/240.44 mi-2
£97502/250.44 mi-2
£75008/240.46 miHafod Street, Swansea, SA12
£85008/240.48 miFrederick Street, Brynhyfryd2
£85008/240.51 miSymmons Street, Swansea2
£85001/250.51 mi-2
£70003/250.52 mi-2
£99508/240.55 miMinotaur Way, Pentrechwyth, SWANSEA2
£92508/240.57 miNaiad Road, Copper Quarter2
£72509/240.57 mi-2
£72509/240.57 mi-2
£2,15011/240.57 mi-2
£2,15011/240.57 mi-2
£2,10012/240.57 mi-2
£2,10003/250.57 mi-2
£2,00004/240.58 mi-2

Local Area Statistics

Population in SA1

47,355

Population in Swansea

269,408

Town centre distance

1.62 miles away

Nearest school

0.20 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £90,000

February 12, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Perfect Investment/First Time Buy Purchase +
  • Chance To Add Your Own Stamp +
  • Sought After Location +
  • Close To Swansea City Centre +

SUMMARY
Presenting a charming terraced house for sale, positioned in a highly sought-after location. All viewings to go through our Swansea Sales Team on or .

DESCRIPTION
Presenting a charming terraced house for sale, positioned in a highly sought-after location. This property comes with an array of features that could be an ideal opportunity for first-time buyers or investors looking to put their stamp on a property. The house is in need of modernisation, offering the perfect canvas to create a dream home tailored to personal tastes.The house comprises two spacious reception rooms, offering a versatile space that can be converted into a formal dining room, a cosy lounge, or a home office, depending on your needs. The kitchen is fully fitted and ready for updates to make it your own. This accommodation offers two well-proportioned bedrooms and a bathroom, offering a fantastic base to create a comfortable and personalised living area. One of the significant attractions of this property is its desirable location. It is ideally situated with excellent public transport links, making the commute to work or leisure activities hassle-free. The property is also in proximity to local amenities, ensuring that day-to-day necessities are never too far away. Additionally, the close proximity to nearby schools makes this an excellent choice for young families. In conclusion, this terraced house, with its potential for modernisation and its fantastic location, is a perfect opportunity for those looking to make their first step onto the property ladder or for investors seeking their next project.

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.

Bathroom 7' 1" x 5' 5" ( 2.16m x 1.65m )

Kitchen 7' 1" x 9' 9" ( 2.16m x 2.97m )

Lounge 12' 3" x 8' 3" ( 3.73m x 2.51m )

Dining Room 12' 4" x 11' 5" ( 3.76m x 3.48m )

Bedroom One 12' 7" x 11' 4" ( 3.84m x 3.45m )

Bedroom Two 9' 5" x 8' 9" ( 2.87m x 2.67m )

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, Swansea

01792 949483

Next Steps?

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