5 Bed HMO, Neath, SA10 6BR £240,000

Talbot Road, Neath, SA10 6BR 6 - 2 views - 9 months ago
Sold STC
HMO
Refurb/BRRR
ROI: 1%
~256 m²
Property image
Property image
Property image
Property image
Property image
+4 photos

ValuationUndervalued

Sold Prices£180K - £750K
Sold Prices/m²£575/m² - £2.7K/m²

 

 

Square Metres

~255.60 m²
Price/m²£939/m²

Value Estimate

£247,200
BMV3%

 

 

End Value (After Refurb)

£408,742

Uplift in Value

+70%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£15,500

Refurb Costs

£114,400

Bridging Loan Interest

£6,300

Total Cash In

£197,950

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£408,742

Agent Fees (1%)

£4,087

Bridging Loan

£180,000

Bridging Loan Interest

£6,300

Flip Profit

£26,705

Local Sold Prices

21 sold prices from £180K to £750K, average is £350K. £575/m² to £2.7K/m², average is £2.2K/m².

Price
Date
Distance
Address
Beds
 
£285K04/250.43 mi19 Ivy Cottage, St Johns Terrace, Neath SA10 7NE5
£285K04/250.43 mi19 Ivy Cottage, St Johns Terrace, Neath SA10 7NE5
£377K07/231.11 mi12, Millbank, Neath, Neath Port Talbot SA10 7FJ5
£350K05/211.3 mi9, Wrenwood, Neath, Neath Port Talbot SA10 7PU5
£210K03/241.3 mi131, Old Road, Neath, Neath Port Talbot SA11 2DF5
£180K05/231.3 mi109, Old Road, Neath, Neath Port Talbot SA11 2DF5
£525K11/211.6 mi2, Llewellyn Avenue, Neath, Neath Port Talbot SA10 7AL5
£370K05/251.68 mi79, Frederick Place, Llansamlet, Swansea SA7 9SX5
£370K05/251.68 mi79, Frederick Place, Llansamlet, Swansea SA7 9SX5
£180K05/211.7 mi7, Victoria Gardens, Neath, Neath Port Talbot SA11 3BD5
£400K05/241.81 miThe Priory, Lewis Road, Neath SA11 1DJ5
£300K01/231.85 mi27, Smiths Road, Birchgrove, Swansea SA7 9DY5
£750K01/231.95 miLyndhurst, Main Road, Cadoxton, Neath, Neath Port Talbot SA10 8AP5
£425K02/252.04 mi5 Parc-y-lleine, New Road, Llansamlet, Swansea SA7 9DU5
£425K02/252.04 mi5 Parc-y-lleine, New Road, Llansamlet, Swansea SA7 9DU5
£200K06/212.3 mi74, Bryncatwg, Neath, Neath Port Talbot SA10 8BH5
£292.5K12/242.3 mi30, Nightingale Park, Neath SA11 3RX5
£350K08/232.51 mi2, The Oaks, Cimla, Neath, Neath Port Talbot SA11 3RJ5
£290K01/252.59 miDanygraig Terrace, 1, Main Road, Neath SA10 8BT5
£470K03/242.87 mi41, The Paddocks, Neath SA11 3FD5
£350K06/222.88 mi134, Cefn Road, Bonymaen, Swansea SA1 7JD5

Local Area Statistics

Population in SA10

30,067

Population in Neath

66,689

Town centre distance

3.99 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 miles away

 

 

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Price changed to £240,000

February 28, 2025

Listed for £250,000

February 12, 2025

Floor Plans

Property image

Description

Mooved are delighted to present this substantial five-bedroom detached property in Skewen, Neath. Offering approximately 2,752 sq ft of internal space, this home presents an excellent investment opportunity with significant potential for refurbishment, rental income, or redevelopment.

Skewen is a sought-after location within the SA10 postcode, benefiting from excellent transport links to Neath town centre, Swansea, and the M4 motorway. The area boasts a range of amenities, including schools, shops, and green spaces, making it highly attractive to tenants and homeowners alike.

The ground floor features multiple reception areas, including a spacious lounge, a separate dining room, and a large kitchen/dining area with access to the rear garden. A utility room and a downstairs WC provide additional convenience. The first floor accommodates five well-sized bedrooms and a family bathroom. The second floor boasts a vast attic room, offering further potential for conversion into additional living space or storage, subject to the necessary permissions.

Externally, the property benefits from a generous rear garden, which could be landscaped or further developed. Off-road parking at the front enhances its practicality, particularly for a large family or multi-occupancy living.

While the property requires modernisation throughout, it presents a fantastic opportunity for investors looking to refurbish and maximise rental yields. It could also serve as a spacious family home or be adapted for an HMO (subject to planning). Given the strong demand in the area, this is an ideal investment for those looking to add value.

Disclaimer –

MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage, and we would ask for your co-operation to ensure there is no delay in agreeing the sale.
General: While we endeavour to make our sales particulars fair, accurate, and reliable, they are only a general guide to the property. If there is any point of particular importance to you, please contact the office, and we will be happy to check the details, especially if you are travelling some distance to view the property.

Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

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.

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 MOOVED 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

Mooved, Harrogate

01420 554952

Next Steps?

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