2 Bed Terraced House, Single Let, Neath, SA11 1PH, £99,950

New Henry Street, Melyn, Neath . SA11 1PH - 1 views - 2 months ago

BTL
ROI: 9%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£60K - £183K
Sold Prices/m²£771/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£86,345

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£6,198

Total Cash In

£31,185

 

 

Cash Out

 

Rent Range

£650 - £845

Rent Estimate

£695

Running Costs/mo

£471

Cashflow/mo

£224

Cashflow/yr

£2,684

ROI

9%

Gross Yield

8%

Local Sold Prices

51 sold prices from £60K to £183K, average is £90K. £771/m² to £2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£107K05/240 mi23, New Henry Street, Neath, Neath Port Talbot SA11 1PH2
£61K01/210.06 mi30, Southgate Street, Neath, Neath Port Talbot SA11 1AG2
£95K05/230.06 mi17, Southgate Street, Neath, Neath Port Talbot SA11 1AG2
£85K12/200.06 mi12, Whittington Street, Neath, Neath Port Talbot SA11 1AW2
£90K05/230.06 mi21, Whittington Street, Neath, Neath Port Talbot SA11 1AN2
£90K07/230.1 mi5, Eva Street, Neath, Neath Port Talbot SA11 1PD2
£82.5K02/240.1 mi11, Eva Street, Neath, Neath Port Talbot SA11 1PD2
£82.5K07/230.11 mi14, Florence Street, Neath, Neath Port Talbot SA11 1PA2
£82.5K07/230.11 mi14, Florence Street, Neath, Neath Port Talbot SA11 1PA2
£98K08/210.12 mi9, Marshfield Road, Neath, Neath Port Talbot SA11 1BD2
£60K11/230.13 mi41, Briton Ferry Road, Neath, Neath Port Talbot SA11 1AR2
£72.5K11/200.13 mi26, King Street, Neath, Neath Port Talbot SA11 1PW2
£81.5K03/210.13 mi39, King Street, Neath, Neath Port Talbot SA11 1PW2
£63.5K02/210.13 mi42, King Street, Neath, Neath Port Talbot SA11 1PW2
£79K06/230.13 mi27, King Street, Neath, Neath Port Talbot SA11 1PW2
£74K07/230.14 mi50, King Street, Neath, Neath Port Talbot SA11 1PF2
£80K01/210.15 mi34, Crythan Road, Neath, Neath Port Talbot SA11 1SR2
£84.6K11/210.15 mi32, Crythan Road, Neath, Neath Port Talbot SA11 1SR2
£75.5K06/210.16 mi7, Springfield Terrace, Neath, Neath Port Talbot SA11 1AB2
£98K09/230.18 mi3, Taylors Row, Neath, Neath Port Talbot SA11 1SY2
£66K12/200.2 mi9, Osborne Street, Neath, Neath Port Talbot SA11 1NN2
£77K06/210.2 mi19, Osborne Street, Neath, Neath Port Talbot SA11 1NN2
£69K11/200.2 mi62, Windsor Road, Neath, Neath Port Talbot SA11 1NH2
£65K12/210.21 mi4, Exchange Road, Neath, Neath Port Talbot SA11 1TD2
£98K05/240.24 mi8, Rectory Road, Neath, Neath Port Talbot SA11 1ET2
£98K03/230.24 mi9, Dudley Street, Neath, Neath Port Talbot SA11 1EY2
£117K09/230.24 mi15, Dudley Street, Neath, Neath Port Talbot SA11 1EY2
£87K04/210.24 mi32, Lewis Road, Neath, Neath Port Talbot SA11 1DX2
£100K12/230.24 mi58, Lewis Road, Neath, Neath Port Talbot SA11 1DX2
£97K11/230.26 mi1, Maes Y Ffynon Close, Neath, Neath Port Talbot SA11 1HQ2
£85K06/230.29 mi46, Dalton Road, Neath, Neath Port Talbot SA11 1UF2
£120K02/240.29 mi42, Dalton Road, Neath, Neath Port Talbot SA11 1UF2
£80K03/210.29 mi16, Wallace Road, Neath, Neath Port Talbot SA11 1YL2
£183K06/240.32 mi8, Bilton Road, Neath, Neath Port Talbot SA11 1YU2
£100K11/210.33 mi53, Wallace Road, Neath, Neath Port Talbot SA11 1YH2
£79.3K01/210.34 mi5, Greenway Road, Neath, Neath Port Talbot SA11 1HG2
£85K10/230.34 mi28, Greenway Road, Neath, Neath Port Talbot SA11 1HG2
£105K02/210.34 mi8, Bowden Road, Neath, Neath Port Talbot SA11 1UH2
£90K11/200.36 mi1, Burnside, Neath, Neath Port Talbot SA11 1UL2
£110K01/240.42 mi5, Bank Side, Neath, Neath Port Talbot SA11 1RY2
£110K03/230.42 mi84, Evans Road, Neath, Neath Port Talbot SA11 2DB2
£80K05/240.46 mi8, Highbury Court, Neath, Neath Port Talbot SA11 1TX2
£114K08/240.52 mi6, Morgans Road, Neath, Neath Port Talbot SA11 2DG2
£105K06/230.6 mi19, Griffiths Buildings, Penrhiwtyn, Neath, Neath Port Talbot SA11 2EG2
£116K04/240.6 mi49, Morgans Road, Neath, Neath Port Talbot SA11 2EL2
£132K08/240.62 mi14, Greenwood Road, Neath, Neath Port Talbot SA11 2BD2
£120K11/230.62 mi8, Greenwood Road, Neath, Neath Port Talbot SA11 2BD2
£95K10/210.63 mi6, Eaglesbush Close, Neath, Neath Port Talbot SA11 2AL2
£97K12/200.63 mi19, Rosser Street, Neath, Neath Port Talbot SA11 3DA2
£89K03/210.64 mi23, Addison Road, Neath, Neath Port Talbot SA11 2AY2
£115K06/210.65 mi54, Moorland Road, Neath, Neath Port Talbot SA11 1JW2

Local Rents

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

RentDateDistanceAddressBeds 
£79512/240.04 mi-2
£80012/240.08 miHenry Street, NEATH2
£84511/230.08 mi-2
£84511/230.08 mi-2
£70012/240.08 mi-2
£74503/250.09 mi-2
£69512/240.1 mi-2
£79504/250.1 mi-2
£79512/240.1 mi-2
£79512/240.1 mi-2
£84504/250.12 mi-2
£70009/240.16 mi-2
£65008/240.17 mi-2
£72510/240.19 mi-2
£69508/240.21 miLondon Road, Neath, 2
£75010/240.35 mi-2
£79511/240.5 mi-2

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

2.66 miles away

Nearest school

0.40 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £99,950

February 28, 2025

Description

  • END TERRACED PROPERTY +
  • WELL MAINTAINED +
  • NO ONGOING CHAIN +
  • TWO BEDROOMS +
  • COMFORTABLE LOUNGE +
  • FITTED KITCHEN DINER +
  • FIRST FLOOR BATHROOM +
  • GAS CENTRAL HEATING +
  • DOUBLE GLAZING +
  • IDEAL FIRST PURCHASE +

OFFERING AN IDEAL FIRST PURCHASE OR A BUY TO LET OPPORTUNITY...for this well maintained two bedroom end terraced property situated within reasonable walking distance of the Town Centre. The accommodation further comprises of entrance hallway, a comfortable reception room, good size fitted kitchen/diner and a spacious bathroom to the first floor. The property further benefits from having gas central heating, double glazing and a small rear yard. It is to be sold with NO ONGOING chain and viewing is recommended.

Agent Details

Welvan Property Services Ltd, Neath

01639 505056

Next Steps?

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