2 Bed Terraced House, Refurb/BRRR, Neath, SA11 1TU, £60,000

Edwards Street, Neath, SA11 1TU - 3 views - a month ago

Auction
Refurb/BRRR
ROI: 7%
~68 m²
+2 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£65,650
BMV1%

 

 

End Value (After Refurb)

£87,123

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,450

Refurb Costs

£27,612

Bridging Loan Interest

£1,575

Total Cash In

£50,387

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£87,123

Mortgage (After Refinance)

£65,342

Mortgage LTV

75%

Cash Released

£20,342

Cash Left In

£30,045

Equity

£21,781

Rent Range

£650 - £845

Rent Estimate

£745

Running Costs/mo

£441

Cashflow/mo

£304

Cashflow/yr

£3,645

ROI

7%

Gross Yield

15%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£75.5K06/210.06 mi7, Springfield Terrace, Neath, Neath Port Talbot SA11 1AB2
£87K04/210.06 mi32, Lewis Road, Neath, Neath Port Talbot SA11 1DX2
£100K12/230.06 mi58, Lewis Road, Neath, Neath Port Talbot SA11 1DX2
£85K06/230.1 mi46, Dalton Road, Neath, Neath Port Talbot SA11 1UF2
£120K02/240.1 mi42, Dalton Road, Neath, Neath Port Talbot SA11 1UF2
£80K01/210.11 mi34, Crythan Road, Neath, Neath Port Talbot SA11 1SR2
£84.6K11/210.11 mi32, Crythan Road, Neath, Neath Port Talbot SA11 1SR2
£90K07/230.12 mi5, Eva Street, Neath, Neath Port Talbot SA11 1PD2
£82.5K02/240.12 mi11, Eva Street, Neath, Neath Port Talbot SA11 1PD2
£80K03/210.12 mi16, Wallace Road, Neath, Neath Port Talbot SA11 1YL2
£90K05/230.13 mi21, Whittington Street, Neath, Neath Port Talbot SA11 1AN2
£61K01/210.13 mi30, Southgate Street, Neath, Neath Port Talbot SA11 1AG2
£95K05/230.13 mi17, Southgate Street, Neath, Neath Port Talbot SA11 1AG2
£60K11/230.13 mi41, Briton Ferry Road, Neath, Neath Port Talbot SA11 1AR2
£97K11/230.13 mi1, Maes Y Ffynon Close, Neath, Neath Port Talbot SA11 1HQ2
£85K12/200.13 mi12, Whittington Street, Neath, Neath Port Talbot SA11 1AW2
£100K11/210.15 mi53, Wallace Road, Neath, Neath Port Talbot SA11 1YH2
£82.5K07/230.15 mi14, Florence Street, Neath, Neath Port Talbot SA11 1PA2
£82.5K07/230.15 mi14, Florence Street, Neath, Neath Port Talbot SA11 1PA2
£105K02/210.16 mi8, Bowden Road, Neath, Neath Port Talbot SA11 1UH2
£98K09/230.17 mi3, Taylors Row, Neath, Neath Port Talbot SA11 1SY2
£90K11/200.18 mi1, Burnside, Neath, Neath Port Talbot SA11 1UL2
£107K05/240.19 mi23, New Henry Street, Neath, Neath Port Talbot SA11 1PH2
£98K08/210.2 mi9, Marshfield Road, Neath, Neath Port Talbot SA11 1BD2
£74K07/230.2 mi50, King Street, Neath, Neath Port Talbot SA11 1PF2
£65K12/210.21 mi4, Exchange Road, Neath, Neath Port Talbot SA11 1TD2
£183K06/240.22 mi8, Bilton Road, Neath, Neath Port Talbot SA11 1YU2
£69K11/200.24 mi62, Windsor Road, Neath, Neath Port Talbot SA11 1NH2
£72.5K11/200.26 mi26, King Street, Neath, Neath Port Talbot SA11 1PW2
£81.5K03/210.26 mi39, King Street, Neath, Neath Port Talbot SA11 1PW2
£63.5K02/210.26 mi42, King Street, Neath, Neath Port Talbot SA11 1PW2
£79K06/230.26 mi27, King Street, Neath, Neath Port Talbot SA11 1PW2
£98K05/240.27 mi8, Rectory Road, Neath, Neath Port Talbot SA11 1ET2
£66K12/200.28 mi9, Osborne Street, Neath, Neath Port Talbot SA11 1NN2
£77K06/210.28 mi19, Osborne Street, Neath, Neath Port Talbot SA11 1NN2
£80K05/240.28 mi8, Highbury Court, Neath, Neath Port Talbot SA11 1TX2
£98K03/230.28 mi9, Dudley Street, Neath, Neath Port Talbot SA11 1EY2
£117K09/230.28 mi15, Dudley Street, Neath, Neath Port Talbot SA11 1EY2
£79.3K01/210.32 mi5, Greenway Road, Neath, Neath Port Talbot SA11 1HG2
£85K10/230.32 mi28, Greenway Road, Neath, Neath Port Talbot SA11 1HG2
£110K03/230.44 mi84, Evans Road, Neath, Neath Port Talbot SA11 2DB2
£115K06/210.46 mi54, Moorland Road, Neath, Neath Port Talbot SA11 1JW2
£110K01/240.53 mi5, Bank Side, Neath, Neath Port Talbot SA11 1RY2
£114K08/240.55 mi6, Morgans Road, Neath, Neath Port Talbot SA11 2DG2
£105.5K02/210.56 mi82, Moorland Road, Neath, Neath Port Talbot SA11 1JN2
£95K10/210.58 mi6, Eaglesbush Close, Neath, Neath Port Talbot SA11 2AL2
£89K03/210.61 mi23, Addison Road, Neath, Neath Port Talbot SA11 2AY2
£132K08/240.61 mi14, Greenwood Road, Neath, Neath Port Talbot SA11 2BD2
£120K11/230.61 mi8, Greenwood Road, Neath, Neath Port Talbot SA11 2BD2
£97K12/200.63 mi19, Rosser Street, Neath, Neath Port Talbot SA11 3DA2
£116K04/240.64 mi49, Morgans Road, Neath, Neath Port Talbot SA11 2EL2

Local Rents

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

RentDateDistanceAddressBeds 
£79512/240.09 mi-2
£79512/240.09 mi-2
£74503/250.1 mi-2
£70012/240.1 mi-2
£72510/240.13 mi-2
£70009/240.15 mi-2
£69512/240.16 mi-2
£79504/250.16 mi-2
£69508/240.18 miLondon Road, Neath, 2
£80012/240.18 miHenry Street, NEATH2
£84511/230.2 mi-2
£84511/230.2 mi-2
£79512/240.21 mi-2
£65008/240.22 mi-2
£84504/250.26 mi-2
£75010/240.32 mi-2
£79511/240.54 mi-2

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

2.54 miles away

Nearest school

0.30 miles away

Nearest train station

0.45 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 £60,000

March 28, 2025

Listed for £65,000

March 14, 2025

Floor Plans

Description

  • BEING SOLD WITH TENANT IN-SITU +
  • SOLD THROUGH MODERN METHOD OF AUCTION THROUGH IAM SOLD +
  • TWO BEDROOMS +
  • GOOD LOCATION +
  • CLOSE TO LOCAL AMENITIES +
  • GREAT INVESTMENT OPPORTUNITY +

This terraced house is currently listed for sale and presents an excellent opportunity for investors. The property is being sold with tenant in-situ. The current layout includes two double bedrooms, one bathroom, a reception room, and a kitchen.  The property's EPC rating is a respectable 'D', indicating a fair level of energy efficiency. The renovation could provide an opportunity to further improve this rating, thereby increasing the property's overall appeal and value.  One of the key features of this home is its location. It is ideally situated with excellent public transport links and numerous local amenities in close proximity, making day-to-day living both convenient and enjoyable.   Investors would find this property particularly appealing given its potential for renovation and its prime location. Accommodation:  Lounge / Diner 10'6" x 24'3 Kitchen 16'9" x 6'3" Reception Room 11'11" x 9'10" Bedroom One 16'4" x 11'11" Bedroom Two 12'4" x 12'4" Bathroom 9'8" x 7'0" Council Tax Band B Freehold Auctioneer comments
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 £349.00 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

Mel John Estate Agent, Caerphilly

029 2271 1343

Next Steps?

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