2 Bed Bungalow, Refurb/BRRR, Merthyr Tydfil, CF47 8RR, £275,000

The Walk, Merthyr Tydfil, CF47 8RR - 3 views - 2 months ago

Refurb/BRRR
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£43.5K - £192K
Sold Prices/m²£762/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£88,845

 

 

End Value (After Refurb)

£269,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£27,746

Bridging Loan Interest

£7,219

Total Cash In

£116,165

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£269,750

Mortgage (After Refinance)

£202,313

Mortgage LTV

75%

Cash Left In

£116,165

Equity

£67,438

Rent Range

£400 - £795

Rent Estimate

£675

Running Costs/mo

£998

Cashflow/mo

£-323

Cashflow/yr

£-3,876

Gross Yield

3%

Local Sold Prices

50 sold prices from £43.5K to £192K, average is £95.5K. £762/m² to £2.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£105K04/210.1 mi12, Dane Street, Merthyr Tydfil CF47 8SF2
£185K10/210.15 mi2, Penydarren Park, Merthyr Tydfil CF47 8YW2
£122.5K11/210.16 mi27, Stuart Street, Merthyr Tydfil CF47 8SA2
£192K01/230.16 mi7, Llewellyn Street, Merthyr Tydfil CF47 8SR2
£55K03/210.17 mi65, Brecon Road, Merthyr Tydfil CF47 8NN2
£147.5K01/230.19 mi20, Heritage Court, Merthyr Tydfil CF47 9AQ2
£68.5K01/230.21 mi13, Garth Street, Merthyr Tydfil CF47 8LT2
£95K06/210.21 mi5, Moriah Street, Merthyr Tydfil CF47 8LU2
£70K06/210.23 mi13, Brychan Place, Merthyr Tydfil CF47 8NW2
£70K11/200.24 mi6, Mount Street, Merthyr Tydfil CF47 8TN2
£82K03/210.25 mi1, Tydfil Terrace, Merthyr Tydfil CF47 8SY2
£81K06/210.25 mi7, Tydfil Terrace, Merthyr Tydfil CF47 8SY2
£72.5K04/210.25 mi7, Miles Street, Merthyr Tydfil CF47 8TB2
£111K04/230.26 mi13, Grawen Terrace, Merthyr Tydfil CF47 8TH2
£89K11/200.26 mi20, Grawen Terrace, Merthyr Tydfil CF47 8TH2
£100K05/210.26 mi21, Abermorlais Terrace, Merthyr Tydfil CF47 8HU2
£57K11/210.26 mi16, Abermorlais Terrace, Merthyr Tydfil CF47 8HU2
£96K04/210.29 mi15, Tai Penyard, Merthyr Tydfil CF47 0LP2
£43.5K11/200.29 mi2, Roberts Lane, Merthyr Tydfil CF47 8UF2
£120K12/220.3 mi102, Trevethick Street, Merthyr Tydfil CF47 0HX2
£130K07/230.38 mi20, Bishops Grove, Merthyr Tydfil CF47 9LJ2
£100K11/210.39 mi19, Darren View, Merthyr Tydfil CF47 0HH2
£72K06/210.42 mi10, Elm Grove, Merthyr Tydfil CF47 9NW2
£107K03/210.42 mi23, Old School Close, Georgetown, Merthyr Tydfil CF48 1DA2
£125K05/230.51 mi4, Wood Lane, Merthyr Tydfil CF48 1AZ2
£73K09/210.52 mi73, Tramroadside North, Merthyr Tydfil CF47 0EG2
£115K08/230.52 mi73, Tramroadside North, Merthyr Tydfil CF47 0EG2
£135K02/230.55 mi7, Lloyds Terrace, Penydarren, Merthyr Tydfil CF47 9HT2
£110K06/230.59 mi23, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£90K03/210.59 mi13, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£88K03/210.59 mi4, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£90K09/230.59 mi18, Church Street, Penydarren, Merthyr Tydfil CF47 9HS2
£128K06/230.61 mi12, Argyle Street, Merthyr Tydfil CF47 0NS2
£108.5K10/200.63 mi152, Cae'r Wern, Merthyr Tydfil CF48 1AD2
£52.3K05/210.63 mi1, Morrell Street, Merthyr Tydfil CF47 0NG2
£94K12/200.63 miFlat 5, Buckland House, Caedraw Road, Merthyr Tydfil CF47 8HG2
£127.5K01/230.64 mi25, St Tydfils Avenue, Merthyr Tydfil CF47 0NW2
£95K01/210.64 mi23, St Tydfils Avenue, Merthyr Tydfil CF47 0NW2
£140K01/230.65 mi12, Queens Road, Merthyr Tydfil CF47 0NB2
£94K03/230.67 mi79, Twynyrodyn Road, Merthyr Tydfil CF47 0PT2
£85K01/230.67 mi16, James Street, Merthyr Tydfil CF47 0NF2
£129.5K01/210.67 mi9, Blaenau'r Cwm, Merthyr Tydfil CF47 0JD2
£125K02/210.68 mi41, Trevithick Gardens, Merthyr Tydfil CF47 0RP2
£145K08/230.68 mi17, Trevithick Gardens, Merthyr Tydfil CF47 0RP2
£85K02/230.68 mi45, Church Street, Penydarren, Merthyr Tydfil CF47 9HR2
£115K07/230.7 mi9, Penlan View, Merthyr Tydfil CF47 8NJ2
£73K08/210.7 mi1, Mary Street, Merthyr Tydfil CF47 0PY2
£68K11/210.73 mi10, Upper Colliers Row, Merthyr Tydfil CF48 1UN2
£100K06/230.73 mi16, Gilfach Cynon, Merthyr Tydfil CF47 0PW2
£78K01/210.73 mi24, Penuel Street, Merthyr Tydfil CF47 0PN2

Local Rents

22 rents from £400/mo to £795/mo, average is £685/mo.

RentDateDistanceAddressBeds 
£55003/240.21 miMoriah Street, Merthyr Tydfil2
£64507/230.22 mi-2
£62002/250.22 mi-2
£70001/250.23 mi-2
£65005/240.23 miBevan Place, Bethesda St, Georgetown2
£67505/240.26 miAbermorlais Terrace, MERTHYR TYDFIL2
£65002/240.28 mi-2
£65003/240.28 mi-2
£79503/240.32 miTrevethick Street, Merthyr tydfil2
£67504/240.34 miTramroad Terrace, MERTHYR TYDFIL2
£75005/240.41 miTramroadside North, MERTHYR TYDFIL2
£75003/240.5 miMerthyr tydfil2
£67503/240.51 miWoodland Walk, Cae Penderyn, Georgetown2
£75003/240.53 miPenderyn Close, Merthyr Tydfil2
£75004/240.54 miPenderyn Close, MERTHYR TYDFIL2
£75005/240.54 miPenderyn Close, MERTHYR TYDFIL2
£77506/240.56 mi-2
£77505/240.56 miWoodland Walk, Merthyr Tydfil, CF482
£77505/240.56 miWoodland Walk, Merthyr Tydfil, CF482
£69503/240.59 miBrynglas Street, Penydarren, Merthyr Tydfil 2
£40004/240.59 miCaedraw Road, MERTHYR TYDFIL2
£40004/240.59 miCaedraw Road, MERTHYR TYDFIL2

Local Area Statistics

Population in CF47

21,952

Population in Merthyr Tydfil

48,950

Town centre distance

1.21 miles away

Nearest school

0.30 miles away

Nearest train station

0.53 miles away

 

 

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+48%

Property History

Listed for £275,000

February 20, 2025

Floor Plans

Description

  • SPACIOUS DETACHED BUNGALOW +
  • WITH FRONT DRIVEWAY & GARAGE +
  • PLEASANTLY LOCATED IN SOUGHT RESIDENTIAL AREA +
  • WITHIN SHORT DISTANCE OF TOWN CENTRE WITH LOCAL TRANSPORT LINKS +
  • 2 BEDROOMS TO GROUND FLOOR +
  • 2 ATTIC ROOMS +
  • IN NEED OF UP-GRADING - OPPORTUNITY TO FIT & FINISH TO YOUR OWN SPEC +
  • FRONT & REAR GARDENS +
  • COUNCIL TAX BAND E +
  • AWAITING ENGERGY RATING +

We bring to the market this spacious detached bungalow, its located in a prime and sought after
residential area of Merthyr Tydfil. The property is set on a sizable corner plot with driveway which
provides ample off road parking which leads to garage, gardens to the front & rear.

The property does require renovation & upgrading works throughout; a project to take on that gives the opportunity to modernise to your own specification; potentially add extensions and develop to make this a fantastic home! We have limited internal details but viewings are available upon request.

GROUND FLOOR
ENTRANCE HALL 3.8m x 2.9m

BATHROOM/W.C. 2.8m x 2.3m

NUMNBER 1 BEDROOM 4.6m x 4.2m

NUMBER 2 BEDROOM 4.2m x 3.6m

LOUNGE/LIVING ROOM 9.5m x 4.1m

"L"-SHAPED KITCHEN/DINER 7m (max) x 5.7m (max)

FIRST FLOOR
LANDING AREA
Built-in cupboards, loft storage area.

NUMBER 1 ATTIC ROOM 3.8m x 3.4m

NUMBER 2 ATTIC ROOM 5.1m x 2.2m

OUTSIDE
Front driveway leading to garage, ample off road parking, front garden with various trees & shrubs, gated paved side pathway, rear paved patio area, rear garden.

TENURE
Advised Freehold

COUNCIL TAX BAND E

Agent Details

Derek B Phillips, Merthyr Tydfil

01685 701303

Next Steps?

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