3 Bed Terraced House, Refurb/BRRR, Neath, SA11 4HT, £100,000

Cross Street, Resolven, Neath, West Glamorgan, SA11 4HT - 6 views - 2 months ago

Motivated
Refurb/BRRR
ROI: 3%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£50K - £256K
Sold Prices/m²£694/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£112,675
BMV2%

 

 

End Value (After Refurb)

£118,485

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£37,702

Bridging Loan Interest

£2,625

Total Cash In

£71,577

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£118,485

Mortgage (After Refinance)

£88,864

Mortgage LTV

75%

Cash Released

£13,864

Cash Left In

£57,713

Equity

£29,621

Rent Range

£595 - £875

Rent Estimate

£716

Running Costs/mo

£533

Cashflow/mo

£183

Cashflow/yr

£2,190

ROI

3%

Gross Yield

9%

Local Sold Prices

46 sold prices from £50K to £256K, average is £118.5K. £694/m² to £3.4K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£76K11/210 mi8, Cross Street, Resolven, Neath, Neath Port Talbot SA11 4HT3
£93.5K01/210 mi7, Cross Street, Resolven, Neath, Neath Port Talbot SA11 4HT3
£68K11/200.02 mi76, John Street, Resolven, Neath, Neath Port Talbot SA11 4LB3
£83K11/200.02 mi5, John Street, Resolven, Neath, Neath Port Talbot SA11 4LA3
£110K08/230.02 mi43, John Street, Resolven, Neath, Neath Port Talbot SA11 4LA3
£50K02/210.03 mi22, John Street, Resolven, Neath, Neath Port Talbot SA11 4LB3
£100K03/210.05 mi35, Company Street, Resolven, Neath, Neath Port Talbot SA11 4HU3
£110K03/230.05 mi23, Company Street, Resolven, Neath, Neath Port Talbot SA11 4HU3
£85K02/230.06 mi22, Company Street, Resolven, Neath, Neath Port Talbot SA11 4HU3
£60K12/200.07 mi31, Yeo Street, Resolven, Neath, Neath Port Talbot SA11 4HS3
£83K08/240.07 mi27, Yeo Street, Resolven, Neath, Neath Port Talbot SA11 4HS3
£133K03/230.1 mi31, Rugby Road, Resolven, Neath, Neath Port Talbot SA11 4HH3
£130K11/200.1 mi19, Rugby Road, Resolven, Neath, Neath Port Talbot SA11 4HH3
£120K03/230.1 mi24, Rugby Road, Resolven, Neath, Neath Port Talbot SA11 4HH3
£90K11/200.1 mi95, John Street, Resolven, Neath, Neath Port Talbot SA11 4LD3
£88.7K09/210.12 mi2, Cory Street, Resolven, Neath, Neath Port Talbot SA11 4HR3
£108K01/240.12 mi8, Cory Street, Resolven, Neath, Neath Port Talbot SA11 4HR3
£160.3K05/210.14 mi25, Rheola Avenue, Resolven, Neath, Neath Port Talbot SA11 4HL3
£150.5K06/210.14 mi5, Rheola Avenue, Resolven, Neath, Neath Port Talbot SA11 4HL3
£160K10/230.14 mi8, Rheola Avenue, Resolven, Neath, Neath Port Talbot SA11 4HL3
£120K03/210.17 mi13, Clydach Avenue, Resolven, Neath, Neath Port Talbot SA11 4LU3
£86K10/210.19 mi13, Thomas Terrace, Resolven, Neath, Neath Port Talbot SA11 4AE3
£110K02/210.19 mi10, Thomas Terrace, Resolven, Neath, Neath Port Talbot SA11 4AE3
£105K12/230.19 mi8, Thomas Terrace, Resolven, Neath, Neath Port Talbot SA11 4AE3
£100K02/210.19 mi10, Williams Avenue, Resolven, Neath, Neath Port Talbot SA11 4AD3
£175K08/210.19 mi12, Heol Herbert, Resolven, Neath, Neath Port Talbot SA11 4AG3
£161.5K03/230.21 mi27, Neath Road, Resolven, Neath, Neath Port Talbot SA11 4AA3
£225K10/230.23 mi4, Ardwyn Terrace, Resolven, Neath, Neath Port Talbot SA11 4LY3
£135K11/230.23 mi46, Neath Road, Resolven, Neath, Neath Port Talbot SA11 4AH3
£155K11/230.23 mi51, Neath Road, Resolven, Neath, Neath Port Talbot SA11 4AH3
£236K04/240.24 mi1, Glynneath Road, Resolven, Neath, Neath Port Talbot SA11 4DP3
£110K02/230.26 mi32, Lyons Place, Resolven, Neath, Neath Port Talbot SA11 4ND3
£143.5K04/210.26 mi8, Nant Y Gleisaid, Resolven, Neath, Neath Port Talbot SA11 4AL3
£100K05/210.27 mi4, Ynys Fawr Avenue, Resolven, Neath, Neath Port Talbot SA11 4LT3
£256K12/220.28 mi8, Perth Y Dion, Resolven, Neath, Neath Port Talbot SA11 4NJ3
£117K01/230.28 mi39, Ynys Fawr Avenue, Resolven, Neath, Neath Port Talbot SA11 4LS3
£120K03/210.31 mi4, Davies Terrace, Resolven, Neath, Neath Port Talbot SA11 4NE3
£245K11/230.34 mi12, Woodlands Terrace, Resolven, Neath, Neath Port Talbot SA11 4NG3
£150K03/210.34 mi29, Maes Y Tyra, Resolven, Neath, Neath Port Talbot SA11 4NN3
£155K06/230.34 mi4, Maes Y Tyra, Resolven, Neath, Neath Port Talbot SA11 4NN3
£127K02/210.37 mi88, Neath Road, Resolven, Neath, Neath Port Talbot SA11 4AN3
£167.5K02/210.72 mi7, Neath Road, Abergarwed, Neath, Neath Port Talbot SA11 4DN3
£105K10/230.72 mi21, Bryn Terrace, Melincourt, Neath, Neath Port Talbot SA11 4AS3
£130K06/210.72 mi25, Bryn Terrace, Melincourt, Neath, Neath Port Talbot SA11 4AS3
£150K02/230.99 mi1, Gored Terrace, Melincourt, Neath, Neath Port Talbot SA11 4BE3
£97K04/210.99 mi11, Gored Terrace, Melincourt, Neath, Neath Port Talbot SA11 4BE3

Local Rents

12 rents from £595/mo to £875/mo, average is £745/mo.

RentDateDistanceAddressBeds 
£69504/240 mi-3
£74512/240.05 mi-2
£75011/230.05 mi-2
£74502/250.05 mi-2
£75011/230.11 mi-2
£59507/230.13 mi-1
£64512/240.13 mi-1
£75008/240.27 miLyons Place , Resolven , Neath 2
£87511/240.69 mi-3
£79509/240.69 mi-3
£59511/232.41 mi-2
£65005/242.41 mi-2

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

3.62 miles away

Nearest school

0.30 miles away

Nearest train station

5.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Price changed to £100,000

March 20, 2025

Listed for £110,000

February 24, 2025

Floor Plans

Description

  • Council Tax Band A, Freehold +
  • No Chain - Move-in ready +
  • Ideal investment opportunity +
  • Could benefit from some modernisation +
  • Large lounge +
  • Fitted kitchen +
  • Three bedrooms +
  • Family shower room +
  • Rear garden with lots of potential +
  • Viewing Advised +

Ready to move in with NO CHAIN - The perfect investment opportunity! With a large lounge, three bedrooms and lots of potential. Perfectly placed, surrounded by natural beauty.
Call now to book

This terraced home is located in Neath with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious lounge with a fireplace and dining area and a fitted kitchen with L-shaped wall and base units and a breakfast bar countertop with room for seating. As well as a three-piece shower room with a stand alone shower, a hand wash basin and a WC.

To the first floor is an inviting landing area through to three well-proportioned bedrooms.

Externally, the property benefits from a rear garden.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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

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