2 Bed Flat, Single Let, Neath, SA11 1JS, £80,000

28 Kingdon Owen Road, Neath, SA11 1JS - 2 views - a month ago

BTL
ROI: 13%
~68 m²
+8 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£86,842
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,200

 

 

Cash Out

 

Rent Range

£625 - £845

Rent Estimate

£673

Running Costs/mo

£405

Cashflow/mo

£268

Cashflow/yr

£3,221

ROI

13%

Gross Yield

10%

Local Sold Prices

20 sold prices from £42K to £148K, average is £75.1K. £532/m² to £2.7K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£84K04/210.16 mi3, Highbury Court, Neath, Neath Port Talbot SA11 1TX2
£72K05/220.45 mi25a, Heol Penlan, Neath, Neath Port Talbot SA10 7LB2
£75.3K05/220.5 mi28, Lime Grove, Neath, Neath Port Talbot SA11 3PU2
£148K03/210.79 mi5, Heol Isaf, Neath, Neath Port Talbot SA11 3SR2
£82K05/210.85 miFlat 10, Garth-mor Court, Old Road, Neath, Neath Port Talbot SA11 2HW2
£65K06/240.98 mi53b, Edith Mills Close, Neath, Neath Port Talbot SA11 2JL2
£80K12/221.39 mi40, Heol Illtyd, Neath, Neath Port Talbot SA10 7SF2
£62K07/211.5 mi42, Heol Catwg, Neath, Neath Port Talbot SA10 7SW2
£42K03/231.5 mi4, Heol Catwg, Neath, Neath Port Talbot SA10 7SW2
£62K07/211.5 mi42, Heol Catwg, Neath, Neath Port Talbot SA10 7SW2
£76.5K01/221.5 mi60, Heol Catwg, Neath, Neath Port Talbot SA10 7SW2
£85K11/221.52 mi79, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SH2
£60K03/211.53 mi80, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SP2
£75K06/221.53 mi46, Llygad Yr Haul, Neath, Neath Port Talbot SA10 7SP2
£50K01/211.57 mi18, Gelli Dawel, Neath, Neath Port Talbot SA10 7PW2
£56.3K09/211.69 mi11b, Regent Street East, Neath, Neath Port Talbot SA11 2RR2
£70K01/221.76 mi15, White Gates Court, Skewen, Neath, Neath Port Talbot SA10 6AS2
£88K08/221.8 mi26, Lon Glyn Felin, Neath, Neath Port Talbot SA10 7HU2
£120K01/211.91 mi1, Burrows Road, Skewen, Neath, Neath Port Talbot SA10 6AE2
£120K10/211.97 mi15, Curwen Close, Pontrhydyfen, Port Talbot, Neath Port Talbot SA12 9UT2

Local Rents

15 rents from £625/mo to £845/mo, average is £745/mo.

RentDateDistanceAddressBeds 
£72510/240.44 mi-2
£69508/240.47 miLondon Road, Neath, 2
£79512/240.48 mi-2
£79512/240.48 mi-2
£74503/250.48 mi-2
£70009/240.49 mi-2
£70012/240.49 mi-2
£75010/240.52 mi-2
£69512/240.53 mi-2
£65008/240.55 mi-2
£80012/240.56 miHenry Street, NEATH2
£84511/230.57 mi-2
£84511/230.57 mi-2
£79512/240.6 mi-2
£62512/240.6 mi-2

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

2.31 miles away

Nearest school

0.10 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £80,000

March 8, 2025

Floor Plans

Description

  • EPC TBC +
  • SPACIOUS LOUNGE +
  • TWO DOUBLE BEDROOMS +
  • PARKING SPACE +
  • WELL APPOINTED FOR NEATH TOWN CENTRE +
  • COUNCIL TAX BAND A +
  • GAS CENTRAL HEATING +

Nestled on Kingdom Owen Road in Neath, this well appointed flat presents an excellent opportunity for first-time buyers eager to step onto the property ladder. The apartment features a well-proportioned lounge, alongside a practical kitchen/diner. With two comfortable bedrooms, this home offers ample space for individuals or small families. The property is equipped with full gas central heating, ensuring warmth and comfort throughout the year. While the apartment would benefit from some refurbishment, it provides a blank canvas for new owners. Externally, the property includes a designated parking space, a valuable asset in this bustling area.

Main Dwelling -

Entrance Hall - 1.45m x 1.40m (4'9 x 4'7) - Composite door into entrance hall area with steps immediately up to the apartment.

Upper Hall Area - 1.68m x 1.14m (5'6 x 3'9) - With doors off to the shower room, lounge and kitchen.

Lounge - 4.60m (into alcove) x 3.28m (15'1 (into alcove) x - Cupboard and radiator with window to front.

Kitchen/Diner - 4.67m x 2.97m (15'4 x 9'9) - A range of base units, stainless stell sink and drainer, space for cooker, fridge freezer and washing machine, radiator and window to back.

Bedroom 1 - 3.96m x 2.97m (13 x 9'9) - Window to front, radiator and coving, airing cupboard with gas boiler.

Bedroom 2 - 3.28m x 3.07m (10'9 x 10'1) - Window to back, radiator and coving.

Shower Room - 1.68m x 1.83m (5'6 x 6) - Vinyl tiled floor, shower enclosure, pedestal sink and w/c with radiator.

Garden - Steps down to the entrance, there is garden to the right handside to the top with potential for off road parking.

Drone -

Agents Notes - Conservation Area - No
Plot size - 0.11 acres
Mobile coverage:
EE
Vodafone
Three
O2

Broadband:
Basic
10 Mbps
Superfast
60 Mbps
Ultrafast
1800 Mbp

Satellite / Fibre TV Availability:
BT
Sky
Virgin

Agents Notes - Local Authority - Neath Port Talbot
Council Tax Band: A
Annual Price: £1,521 (min)

Agent Details

Astleys, Neath

01639 501174

Next Steps?

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