2 Bed Terraced House, Refurb/BRRR, Swansea, SA1 6FF, £75,000

Seaview Terrace, Swansea, SA1 6FF - 2 views - 2 months ago

Auction
Refurb/BRRR
ROI: 12%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£65K - £215K
Sold Prices/m²£844/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£77,250
BMV3%

 

 

End Value (After Refurb)

£86,543

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£27,830

Bridging Loan Interest

£1,969

Total Cash In

£53,749

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£86,543

Mortgage (After Refinance)

£64,908

Mortgage LTV

75%

Cash Released

£8,658

Cash Left In

£45,092

Equity

£21,636

Rent Range

£600 - £2,400

Rent Estimate

£1,017

Running Costs/mo

£494

Cashflow/mo

£523

Cashflow/yr

£6,278

ROI

12%

Gross Yield

16%

Local Sold Prices

50 sold prices from £65K to £215K, average is £109.5K. £844/m² to £1.8K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£65K02/230.09 mi3, Colbourne Terrace, Swansea SA1 6FP2
£104K07/210.18 mi63, North Hill Road, Swansea SA1 6XS2
£70K02/210.19 mi20, Winston Street, Swansea SA1 6XX2
£85K07/230.19 mi69, North Hill Road, Swansea SA1 6XS2
£70K03/230.19 mi32, Colbourne Terrace, Swansea SA1 6FW2
£110K08/210.22 mi5, Skinner Street, Swansea SA1 6FU2
£85K03/230.23 mi9, Short Street, Swansea SA1 6YG2
£120K04/230.23 mi10, Short Street, Swansea SA1 6YG2
£115K04/210.26 mi18, Milton Terrace, Swansea SA1 6XP2
£81K11/210.26 mi84, Llangyfelach Street, Swansea SA1 2BQ2
£92K11/200.27 mi47, Hafod Street, Swansea SA1 2HB2
£117K05/230.28 mi16, Hafod Street, Swansea SA1 2HA2
£105K03/210.3 mi28, Vernon Street, Swansea SA1 2EZ2
£65K01/210.3 mi29, Vernon Street, Swansea SA1 2EZ2
£120K02/230.31 mi38, Villiers Street, Swansea SA1 2HD2
£98K04/230.32 mi108, Waun Wen Road, Mayhill, Swansea SA1 6UQ2
£115K02/230.34 mi84, Aberdyberthi Street, Swansea SA1 2NH2
£72K07/230.36 mi9, Jersey Street, Swansea SA1 2HF2
£95.5K09/230.38 mi19, Terrace Road, Swansea SA1 6HN2
£189.9K04/230.4 mi26, Mount Pleasant, Swansea SA1 6EE2
£108K03/210.42 mi14, Rhondda Street, Swansea SA1 6ER2
£125K05/230.45 mi5, Odo Street, Swansea SA1 2LT2
£115K02/230.46 mi2, Gerald Street, Swansea SA1 2LY2
£71.5K11/220.46 mi43, Gerald Street, Swansea SA1 2LY2
£110K05/210.51 mi22, Gerald Street, Swansea SA1 2LZ2
£95K01/210.53 mi3, Canaan Row, St Thomas, Swansea SA1 8EQ2
£113K06/210.54 mi40, Windmill Terrace, St Thomas, Swansea SA1 8DN2
£85K12/210.55 mi39, Teilo Crescent, Mayhill, Swansea SA1 6SU2
£143K06/230.58 mi154, Rhondda Street, Swansea SA1 6EU2
£115K12/200.6 mi122, Courtney Street, Manselton, Swansea SA5 9NX2
£113K11/210.63 mi5, Iorwerth Street, Manselton, Swansea SA5 9NP2
£80K03/210.63 mi28, Major Street, Manselton, Swansea SA5 9NN2
£126K05/230.63 mi28, Major Street, Manselton, Swansea SA5 9NN2
£215K03/230.64 mi137c, Kilvey Road, St Thomas, Swansea SA1 8EE2
£105K08/230.64 mi21, Phillip Street, Manselton, Swansea SA5 9NL2
£145K04/230.64 mi24, Phillip Street, Manselton, Swansea SA5 9NL2
£106K05/210.66 mi76, Caebricks Road, Cwmbwrla, Swansea SA5 8NS2
£115K11/200.66 mi7, Compass Street, Manselton, Swansea SA5 9NJ2
£95K08/230.66 mi20, Compass Street, Manselton, Swansea SA5 9NJ2
£125K01/230.66 mi36, Middle Road, Cwmbwrla, Swansea SA5 8HQ2
£110K03/210.68 mi14, Stepney Street, Cwmbwrla, Swansea SA5 8BD2
£125K03/230.68 mi21, Stepney Street, Cwmbwrla, Swansea SA5 8BD2
£102.5K03/210.69 mi79, Middle Road, Cwmbwrla, Swansea SA5 8HQ2
£105K08/210.71 mi4, Lynn Street, Cwmbwrla, Swansea SA5 8BB2
£97.5K12/200.72 mi17, Inkerman Street, St Thomas, Swansea SA1 8BX2
£115K04/210.74 mi2, Balaclava Street, St Thomas, Swansea SA1 8BS2
£117K03/230.74 mi59, Grenfell Park Road, St Thomas, Swansea SA1 8EY2
£126K02/230.76 mi20, Mysydd Terrace, Landore, Swansea SA1 2PZ2
£128K04/210.77 mi23, Monterey Street, Manselton, Swansea SA5 9PF2
£109K01/230.78 mi5, Manselton Road, Manselton, Swansea SA5 8PQ2

Local Rents

38 rents from £600/mo to £2.4K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,05008/240.08 miGraig Terrace, SA12
£1,00004/250.1 mi-2
£85002/250.17 mi-2
£83008/240.18 miCarmarthen Road, SWANSEA2
£1,20008/240.19 miNorth Hill Road, SWANSEA2
£97507/240.19 mi-2
£85008/240.22 miSymmons Street, Swansea2
£90007/240.25 mi-2
£85001/250.27 mi-2
£70003/250.27 mi-2
£90009/240.28 mi-2
£90009/240.28 mi-2
£85010/240.28 mi-2
£75008/240.28 miHafod Street, Swansea, SA12
£86001/250.36 mi-2
£1,10008/240.36 miJersey Street, Swansea, West Wales2
£60002/250.38 mi-2
£2,40008/240.44 mi-2
£95008/240.46 miBerw Road, Mayhill, SWANSEA2
£88003/250.47 mi-2
£79512/240.47 mi-2
£1,40009/240.49 mi-2
£1,40008/240.49 miCastle Buildings, Swansea, SA12
£90008/240.5 miCarlton Terrace, SWANSEA2
£1,15008/240.5 miMansel Street, City Centre, Swansea2
£1,20008/240.52 miCastle Lofts, Castle Street, Swansea SA1 1JH2
£1,15008/240.52 mi-2
£1,15008/240.53 miMansel Street, City Centre, Swansea2
£1,40002/240.53 mi-2
£99503/250.53 mi-2
£85008/240.54 miMansel Street, SWANSEA2
£95008/240.56 miMorfa Road, SWANSEA2
£87508/240.56 mi-2
£95008/240.56 miGolwg Y Garreg Wen, Swansea2
£85008/240.57 miCarlton Terrace, SWANSEA2
£80008/240.58 miThe Kingsway, SWANSEA2
£87503/250.58 mi-2
£85004/250.58 mi-2

Local Area Statistics

Population in SA1

47,355

Population in Swansea

269,408

Town centre distance

1.66 miles away

Nearest school

0.10 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £75,000

February 22, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Perfect Investment/First Time Purchase +
  • Beautiful Views +
  • Ideal To Add Your Own Stamp +
  • Close Distance To Swansea City Centre +

SUMMARY
All viewings to be booked through our Swansea sales team on .

DESCRIPTION
Presented for sale is a terraced house that brims with potential and opportunity. This property, although in need of modernisation, offers an excellent base for those looking to put their own stamp on their new home. The house comprises two bedrooms, a single bathroom, a reception room, and a kitchen. The reception room is a versatile space that can be tailored to suit any lifestyle, while the open-plan kitchen presents a blank canvas for you to design your ideal culinary space. The open-plan feature underscores the potential of this home, offering an appealing option for those who appreciate a fluid, modern living space.Upstairs, the two bedrooms provide a comfortable retreat. The bathroom, like the rest of the property, is ready for a refresh, allowing the new owners to create their perfect sanctuary.The property's location enhances its appeal significantly. It is ideally situated with easy access to public transport links, making commuting a breeze. Additionally, it's within proximity to local amenities, ensuring all daily necessities are within easy reach. The nearby schools make it an excellent choice for young families, and the walking routes in the vicinity offer plenty of opportunities for leisurely strolls and outdoor enjoyment.This property represents a fantastic opportunity for first-time buyers looking to step onto the property ladder or investors seeking a rewarding 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.

Dining Room 12' 3" x 10' 5" ( 3.73m x 3.17m )

Lounge 14' 9" x 10' 1" ( 4.50m x 3.07m )

Kitchen 8' 6" x 12' 6" ( 2.59m x 3.81m )

Bedroom One 15' 3" x 10' 4" ( 4.65m x 3.15m )

Bedroom Two 8' 2" x 10' 2" ( 2.49m x 3.10m )

Bathroom 8' 1" x 8' 4" ( 2.46m x 2.54m )

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?

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