2 Bed Terraced House, Refurb/BRRR, Merthyr Tydfil, CF48 2PN, £60,000

High Street, Cefn Coed, CF48 2PN - 4 views - a month ago

Auction
Refurb/BRRR
ROI: 4%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£43.5K - £238K
Sold Prices/m²£762/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£61,800
BMV3%

 

 

End Value (After Refurb)

£123,228

Uplift in Value

+105%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£27,830

Bridging Loan Interest

£1,575

Total Cash In

£50,355

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£123,228

Agent Fees (1%)

£1,232

Bridging Loan

£45,000

Bridging Loan Interest

£1,575

Flip Profit

£26,640

Local Sold Prices

50 sold prices from £43.5K to £238K, average is £109.8K. £762/m² to £3.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£115K06/230.11 mi1, Maesygarreg, Cefn Coed, Merthyr Tydfil CF48 2RG2
£100K07/210.18 mi15, Holford Street, Cefn Coed, Merthyr Tydfil CF48 2RN2
£72K02/210.65 mi37, Swansea Road, Merthyr Tydfil CF48 1HU2
£73K06/210.65 mi10, Maple Crescent, Trefechan, Merthyr Tydfil CF48 2EH2
£133K07/230.65 mi42, Maple Crescent, Trefechan, Merthyr Tydfil CF48 2EH2
£150K05/230.78 mi24a, Sweet Water Park, Trefechan, Merthyr Tydfil CF48 2LF2
£85K09/210.78 mi17, Gelli Deg, Merthyr Tydfil CF48 1ES2
£135K12/220.86 mi11, St Fagans Grove, Merthyr Tydfil CF48 1JT2
£85K11/200.88 mi1, Caernarvon Grove, Merthyr Tydfil CF48 1JS2
£122.5K08/210.88 mi16, Caernarvon Grove, Merthyr Tydfil CF48 1JS2
£127K03/210.91 mi34, Beacon Heights, Merthyr Tydfil CF48 1NL2
£128.5K04/210.95 mi45, Monmouth Drive, Merthyr Tydfil CF48 1JB2
£146K02/210.95 mi61, Monmouth Drive, Merthyr Tydfil CF48 1JB2
£130K07/210.95 mi53, Monmouth Drive, Merthyr Tydfil CF48 1JB2
£125K05/210.95 mi6, Kidwelly Grove, Merthyr Tydfil CF48 1JN2
£140K08/210.95 mi8, Kidwelly Grove, Merthyr Tydfil CF48 1JN2
£181K12/220.95 mi6, Kidwelly Grove, Merthyr Tydfil CF48 1JN2
£115K11/200.98 mi3, Caerleon Grove, Merthyr Tydfil CF48 1JH2
£72K06/211.05 mi10, Elm Grove, Merthyr Tydfil CF47 9NW2
£111K04/231.06 mi13, Grawen Terrace, Merthyr Tydfil CF47 8TH2
£89K11/201.06 mi20, Grawen Terrace, Merthyr Tydfil CF47 8TH2
£238K08/221.06 miGelliddu Bungalow, Mount Pleasant, Heolgerrig, Merthyr Tydfil CF48 1RY2
£82K03/211.06 mi1, Tydfil Terrace, Merthyr Tydfil CF47 8SY2
£81K06/211.06 mi7, Tydfil Terrace, Merthyr Tydfil CF47 8SY2
£72.5K04/211.07 mi7, Miles Street, Merthyr Tydfil CF47 8TB2
£70K11/201.08 mi6, Mount Street, Merthyr Tydfil CF47 8TN2
£235K12/221.13 mi25, Chester Close, Heolgerrig, Merthyr Tydfil CF48 1SN2
£155.5K10/211.13 mi44, Chester Close, Merthyr Tydfil CF48 1SW2
£107K03/211.13 mi23, Old School Close, Georgetown, Merthyr Tydfil CF48 1DA2
£192K01/231.14 mi7, Llewellyn Street, Merthyr Tydfil CF47 8SR2
£159.9K03/211.14 mi14, Chester Close, Heolgerrig, Merthyr Tydfil CF48 1SN2
£70K06/211.15 mi13, Brychan Place, Merthyr Tydfil CF47 8NW2
£122.5K11/211.17 mi27, Stuart Street, Merthyr Tydfil CF47 8SA2
£105K04/211.2 mi12, Dane Street, Merthyr Tydfil CF47 8SF2
£55K03/211.21 mi65, Brecon Road, Merthyr Tydfil CF47 8NN2
£125K05/231.3 mi4, Wood Lane, Merthyr Tydfil CF48 1AZ2
£68K11/211.3 mi10, Upper Colliers Row, Merthyr Tydfil CF48 1UN2
£95K06/211.36 mi5, Moriah Street, Merthyr Tydfil CF47 8LU2
£68.5K01/231.37 mi13, Garth Street, Merthyr Tydfil CF47 8LT2
£93K03/211.39 mi48, First Avenue, Merthyr Tydfil CF47 9UH2
£147.5K01/231.39 mi20, Heritage Court, Merthyr Tydfil CF47 9AQ2
£100K05/211.41 mi21, Abermorlais Terrace, Merthyr Tydfil CF47 8HU2
£57K11/211.41 mi16, Abermorlais Terrace, Merthyr Tydfil CF47 8HU2
£185K10/211.42 mi2, Penydarren Park, Merthyr Tydfil CF47 8YW2
£74K04/211.44 mi29, Ninth Avenue, Merthyr Tydfil CF47 9TL2
£130K07/231.49 mi20, Bishops Grove, Merthyr Tydfil CF47 9LJ2
£43.5K11/201.51 mi2, Roberts Lane, Merthyr Tydfil CF47 8UF2
£107.5K08/221.52 mi54, Mitchell Crescent, Merthyr Tydfil CF47 9JE2
£220.5K03/211.54 mi1, Bragdy Cottages, Pontsarn, Merthyr Tydfil CF48 2TS2
£108.5K10/201.55 mi152, Cae'r Wern, Merthyr Tydfil CF48 1AD2

Local Rents

13 rents from £650/mo to £800/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£72507/240.06 mi-2
£69505/240.06 miYew Tree Cottages, Cefn Coed, Merthyr Tydfil, CF482
£72505/240.06 miYew Tree Cottages, Cefn Coed, Merthyr Tydfil, CF482
£72504/240.66 miForsythia Close, Gurnos, Merthyr Tydfil2
£77506/240.68 mi-2
£80004/250.68 mi-2
£80003/240.71 miFair View Estate, MERTHYR TYDFIL2
£65002/241.04 mi-2
£65003/241.04 mi-2
£69505/241.06 miMount Pleasant, Heolgerrig, Merthyr Tydfil, CF48 1RY2
£70001/251.09 mi-2
£75004/241.13 miPencerrig Rise, Heolgerrig, Merthyr Tydfil2
£67503/241.16 miMerthyr tydfil2

Local Area Statistics

Population in CF48

26,996

Population in Merthyr Tydfil

48,950

Town centre distance

2.50 miles away

Nearest school

0.10 miles away

Nearest train station

1.69 miles away

 

 

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £60,000

March 4, 2025

Floor Plans

Description

  • ONLINE METHOD OF SALE! +
  • No chain +
  • Two bedrooms +
  • Excellent transport links +
  • Investment opportunity +
  • Low council tax band +
  • Garden ready for transformation +
  • Nearby schools +
  • Desirable location +
  • Viewings recommended! +

For sale is a terraced house that offers excellent potential for first time buyers and investors alike. This property is in need of modernising, providing the perfect opportunity to create your own dream home.  The house offers a spacious layout with one reception room, a kitchen, two bedrooms and one bathroom. The reception room is a comfortable space for relaxation, while the kitchen has the potential to become a modern culinary area with the right renovation. The two bedrooms provide ample space for rest and recuperation, while the bathroom offers basic facilities that could be upgraded to your personal preference. One of the unique features of this property is the garden, which is ready to be transformed into a serene oasis or a lively entertainment area according to your preference.  The property is located in a desirable area with excellent public transport links and local amenities within a short distance. For families, the proximity to nearby schools is an added advantage.  This property is listed for sale using the auction method, offering the potential for a great deal. There is no chain involved, ensuring a smooth and hassle-free transaction.  Despite the property's EPC rating of D and its condition that needs updating, this house has the potential to become a wonderful home or a profitable investment. With the low council tax band of A, the ongoing costs of this property are kept to a minimum.  This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Hambly Estates, Powered by eXp UK, Covering South Wales

029 2167 9532

Next Steps?

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