2 Bed Flat, Single Let, Neath, SA11 2AB, £80,000

90 Meadow Road, Neath Port Talbot, SA11 2AB - 2 months ago

Leasehold

BTL

ROI: 14%

~66 m²

+12 photos

ValuationOvervalued

Sold Prices	£42K - £148K
Sold Prices/m²	£532/m² - £2.7K/m²

Square Metres	~66 m²
Price/m²	£1.2K/m²
Value Estimate	£75,167£75,167

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£20,000£20,000
Stamp Duty & Legal Fees	£5,200£5,200
Total Cash In	£25,200£25,200

Cash Out
Rent Range	£650 - £845£650 - £845
Rent Estimate	£695
Running Costs/mo	£409£409
Cashflow/mo	£286£286
Cashflow/yr	£3,432£3,432
ROI	14%14%
Gross Yield	10%10%

Local Sold Prices

20 sold prices from £42K to £148K, average is £75.1K. £532/m² to £2.7K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£82K	05/21	0.41 mi	Flat 10, Garth-mor Court, Old Road, Neath, Neath Port Talbot SA11 2HW	-	-	2	Flat
£65K	06/24	0.44 mi	53b, Edith Mills Close, Neath, Neath Port Talbot SA11 2JL	-	-	2	Flat
£72K	05/22	0.45 mi	25a, Heol Penlan, Neath, Neath Port Talbot SA10 7LB	£944	76	2	Flat
£84K	04/21	0.56 mi	3, Highbury Court, Neath, Neath Port Talbot SA11 1TX	£1,585	53	2	Flat
£75.3K	05/22	1 mi	28, Lime Grove, Neath, Neath Port Talbot SA11 3PU	£948	79	2	Flat
£56.3K	09/21	1.3 mi	11b, Regent Street East, Neath, Neath Port Talbot SA11 2RR	£1,278	44	2	Flat
£148K	03/21	1.31 mi	5, Heol Isaf, Neath, Neath Port Talbot SA11 3SR	£2,145	69	2	Flat
£70K	01/22	1.31 mi	15, White Gates Court, Skewen, Neath, Neath Port Talbot SA10 6AS	-	-	2	Flat
£80K	12/22	1.38 mi	40, Heol Illtyd, Neath, Neath Port Talbot SA10 7SF	£1,377	58	2	Flat
£120K	01/21	1.43 mi	1, Burrows Road, Skewen, Neath, Neath Port Talbot SA10 6AE	£2,727	44	2	Flat
£62K	07/21	1.49 mi	42, Heol Catwg, Neath, Neath Port Talbot SA10 7SW	£1,069	58	2	Flat
£42K	03/23	1.49 mi	4, Heol Catwg, Neath, Neath Port Talbot SA10 7SW	£712	59	2	Flat
£62K	07/21	1.49 mi	42, Heol Catwg, Neath, Neath Port Talbot SA10 7SW	£1,069	58	2	Flat
£76.5K	01/22	1.49 mi	60, Heol Catwg, Neath, Neath Port Talbot SA10 7SW	£1,275	60	2	Flat
£60K	03/21	1.51 mi	80, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SP	£1,017	59	2	Flat
£75K	06/22	1.51 mi	46, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SP	-	-	2	Flat
£85K	11/22	1.54 mi	79, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SH	-	-	2	Flat
£88K	08/22	1.57 mi	26, Lon Glyn Felin, Neath, Neath Port Talbot SA10 7HU	£1,443	61	2	Flat
£50K	01/21	1.59 mi	18, Gelli Dawel, Neath, Neath Port Talbot SA10 7PW	£532	94	2	Flat
£82K	05/22	1.99 mi	30, Hawthorn Avenue, Baglan, Port Talbot, Neath Port Talbot SA12 8PG	£1,139	72	2	Flat

Local Rents

15 rents from £650/mo to £845/mo, average is £795/mo.

Rent	Date	Distance	Address	Beds	Type
£795	11/24	0.23 mi	-	2	Terraced House
£700	09/24	0.26 mi	-	2	Terraced House
£745	03/25	0.37 mi	-	2	Terraced House
£700	12/24	0.37 mi	-	2	Terraced House
£795	12/24	0.38 mi	-	2	Terraced House
£795	12/24	0.38 mi	-	2	Terraced House
£795	12/24	0.44 mi	-	2	Terraced House
£800	12/24	0.47 mi	Henry Street, NEATH	2	House
£695	12/24	0.47 mi	-	2	Terraced House
£845	11/23	0.48 mi	-	2	Terraced House
£845	11/23	0.48 mi	-	2	Terraced House
£725	10/24	0.49 mi	-	2	Flat
£845	04/25	0.53 mi	-	2	Terraced House
£695	08/24	0.54 mi	London Road, Neath,	2	Flat
£650	08/24	0.55 mi	-	2	Terraced House

Local Area Statistics

Population in SA11	36,61636,616
Population in Neath	66,68966,689
Town centre distance	2.85 miles away2.85 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.76 miles away0.76 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+14%+14%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+35%+35%

Property History

Listed for £80,000

February 26, 2025

Floor Plans

Description

NO ONWARDS CHAIN +
Leasehold Flat +
EPC - C +
Two Bedroomed First Floor Flat +
Easy Access To Neath Town Centre +
Gas Central Heating +
Rear Garden +
uPVC Double Glazed Windows +
Potential Investment Opportunity +
Need A Mortgage? We Can Help! +

This property is a two-bedroom leasehold flat located on the first floor, designed with modern living in mind. The layout features one reception room, kitchen and bathroom. Natural light floods the interior through uPVC double-glazed windows, enhancing the overall ambiance.

Located within a short distance to Neath Town Centre, having a variety of restaurants and bars, Neath Bus Station, Neath Train Station, local primary schools, Gnoll Country Park and many more, also having easy access to the A465 and M4 corridor.

Agent Details

Peter Morgan, Neath

01639 505110

Next Steps?

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

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