4 Bed Detached House, Refurb/BRRR, Neath, SA11 3XA, £229,000

10 Hornbeam Close, Cimla, Neath, West Glamorgan, SA11 3XAO - a month ago

Refurb/BRRR
~129 m²
+13 photos

ValuationFair Value

Sold Prices£84K - £470K
Sold Prices/m²£884/m² - £3.7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.8K/m²

Value Estimate

£233,580

 

 

End Value (After Refurb)

£291,461

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,250

Stamp Duty & Legal Fees

£14,730

Refurb Costs

£52,400

Bridging Loan Interest

£6,011

Total Cash In

£132,141

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£291,461

Mortgage (After Refinance)

£218,596

Mortgage LTV

75%

Cash Released

£46,846

Cash Left In

£85,295

Equity

£72,865

Rent Range

£495 - £1,300

Rent Estimate

£799

Running Costs/mo

£1,091

Cashflow/mo

£-292

Cashflow/yr

£-3,499

Gross Yield

4%

Local Sold Prices

49 sold prices from £84K to £470K, average is £263K. £884/m² to £3.7K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£202K12/200.03 mi56, Greenwood Drive, Cimla, Neath, Neath Port Talbot SA11 2BW4
£280K06/230.03 mi70, Greenwood Drive, Cimla, Neath, Neath Port Talbot SA11 2BW4
£250K10/210.2 mi73, The Meadows, Cimla, Neath, West Glamorgan SA11 3XF4
£297K05/210.2 mi58, The Meadows, Cimla, Neath, Neath Port Talbot SA11 3XF4
£280K04/240.26 mi10, Heol Isaf, Neath, Neath Port Talbot SA11 3SR4
£250K05/210.26 mi22, Afan Valley Close, Neath, Neath Port Talbot SA11 3AJ4
£230K12/200.29 mi45, Ridgewood Gardens, Cimla, Neath, Neath Port Talbot SA11 3QQ4
£240K03/210.3 mi27, Afan Valley Road, Neath, Neath Port Talbot SA11 3SS4
£195K07/210.31 mi65, Woodview, Cimla, Neath, Neath Port Talbot SA11 3BX4
£377K10/230.36 mi16, Ravens Court, Neath, Neath Port Talbot SA11 3SX4
£290K10/230.36 mi15, Ravens Court, Neath, Neath Port Talbot SA11 3SX4
£280K09/230.45 mi36, Castle Drive, Neath, Neath Port Talbot SA11 3UY4
£140K06/210.56 mi24, Forest View, Neath, Neath Port Talbot SA11 3RS4
£253K05/230.59 mi46, Clos Ysbyty, Cimla, Neath, Neath Port Talbot SA11 3PL4
£225K03/230.63 mi30, Nightingale Park, Neath, Neath Port Talbot SA11 3RX4
£297.5K12/230.74 mi57, Cimla Crescent, Neath, Neath Port Talbot SA11 3NR4
£470K06/230.86 mi86, Cimla Road, Neath, Neath Port Talbot SA11 3TS4
£305K04/211.09 mi3, Westernmoor Road, Neath, Neath Port Talbot SA11 1BJ4
£450K02/231.15 mi95a, Lewis Road, Neath, Neath Port Talbot SA11 1DJ4
£263K06/211.15 miThe Willows, Lewis Road, Neath, Neath Port Talbot SA11 1DJ4
£220K11/201.15 mi75, Lewis Road, Neath, Neath Port Talbot SA11 1DJ4
£260K12/201.15 mi69, Lewis Road, Neath, Neath Port Talbot SA11 1DJ4
£238K02/211.18 mi7, Ena Avenue, Neath, Neath Port Talbot SA11 3AD4
£195K07/211.22 mi44, Lewis Road, Neath, Neath Port Talbot SA11 1DX4
£346K09/221.22 mi43, Hunters Ridge, Tonna, Neath, Neath Port Talbot SA11 3FE4
£215K02/211.22 mi74, Hunters Ridge, Tonna, Neath, Neath Port Talbot SA11 3FE4
£160K06/211.23 mi16, Efail Fach, Pontrhydyfen, Port Talbot, Neath Port Talbot SA12 9TY4
£295K10/211.23 miMount Pleasant, Efail Fach, Pontrhydyfen, Port Talbot, Neath Port Talbot SA12 9TY4
£310K10/211.24 mi10, Clos Caegwenith, Tonna, Neath, Neath Port Talbot SA11 3ER4
£260K10/231.24 mi6, Clos Caegwenith, Tonna, Neath, Neath Port Talbot SA11 3ER4
£270K06/241.25 mi106, Gnoll Park Road, Neath, Neath Port Talbot SA11 3DD4
£300K10/221.28 mi13, Davies Andrews Road, Tonna, Neath, Neath Port Talbot SA11 3EU4
£190K12/211.28 mi86, London Road, Neath, Neath Port Talbot SA11 1HN4
£170K03/241.28 mi18, Park Street, Neath, Neath Port Talbot SA11 3DF4
£135K01/241.29 mi5, Edwards Street, Neath, Neath Port Talbot SA11 1TU4
£235K09/231.31 mi7, Neath Road, Tonna, Neath, Neath Port Talbot SA11 3DQ4
£375K02/231.39 miThe Lodge, Eaglesbush Valley, Neath, Neath Port Talbot SA11 2AN4
£84K11/201.4 mi28, Allister Street, Neath, Neath Port Talbot SA11 1EN4
£330K10/231.5 mi8, The Avenue, Neath, Neath Port Talbot SA11 2FD4
£305K05/211.63 mi31, Maes Llwynonn, Cadoxton, Neath, Neath Port Talbot SA10 8AQ4
£385K11/211.64 mi6, Stanley Place, Cadoxton, Neath, Neath Port Talbot SA10 8BE4
£270K05/211.64 mi3, Stanley Place, Cadoxton, Neath, Neath Port Talbot SA10 8BE4
£255K12/201.65 mi21, Maes Yr Hafod, Cadoxton, Neath, Neath Port Talbot SA10 8AZ4
£345K04/231.65 mi36, Maes Yr Hafod, Cadoxton, Neath, Neath Port Talbot SA10 8AZ4
£355K03/211.72 mi8, Neath Abbey Road, Neath, Neath Port Talbot SA10 7BD4
£156K03/211.74 mi3, Johns Terrace, Tonmawr, Port Talbot, Neath Port Talbot SA12 9UR4
£270K08/211.74 mi163, Old Road, Neath, Neath Port Talbot SA11 2BN4
£275K05/211.74 mi1, Cwmbach Road, Cadoxton, Neath, Neath Port Talbot SA10 8AR4
£225K02/241.75 mi268e, Old Road, Neath, Neath Port Talbot SA11 2ES4

Local Rents

56 rents from £495/mo to £1.3K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£62510/230.12 mi-1
£87512/240.29 miRidgewood Gardens, Cimla, NEATH2
£70012/240.29 miCastle Drive, Neath3
£62512/240.46 mi-2
£90001/250.81 mi-3
£92512/240.83 mi-3
£87512/241.1 miIdwal Street, Neath, SA11 3HR3
£92512/241.11 miWellfield Avenue, Neath3
£1,30012/241.11 miHillside, Neath, 4
£74508/241.14 mi-1
£80012/241.14 mi-2
£75010/241.24 mi-2
£80012/241.27 miGeorge Street, NEATH3
£72510/241.28 mi-2
£69508/241.29 miLondon Road, Neath, 2
£57512/241.29 miLondon Road, Neath, 1
£1,10012/241.29 miPark Street, , Neath3
£62512/241.33 miLondon Road, Neath1
£1,00008/241.36 mi-4
£80012/241.36 mi-3
£70012/241.36 mi-2
£65008/241.36 miOrchard Street, NEATH1
£84508/241.36 mi-2
£84508/241.36 mi-2
£84512/241.36 mi-2
£84512/241.36 mi-2
£79510/241.36 mi-2
£79512/241.36 mi-2
£79512/241.36 mi-2
£65008/241.37 mi-2
£74503/251.38 mi-2
£70012/241.38 mi-2
£69512/241.38 mi-2
£79504/251.38 mi-2
£80008/241.39 miElias Street, Neath, Neath Port Talbot.3
£75008/241.4 mi-3
£79511/241.4 mi-3
£90008/241.4 miBrookdale Street, NEATH3
£70009/241.41 mi-2
£65012/241.41 miAlfred Street, NEATH1
£80012/241.42 miHenry Street, NEATH2
£90008/241.42 miOsborne Street, NEATH3
£67508/241.43 mi-1
£67508/241.43 mi-1
£1,10012/241.43 miGround Floor Premises 23 Windsor Road, Neath, SA11 1NB1
£84511/231.43 mi-2
£84511/231.43 mi-2
£65008/241.44 miGreen Street, Neath, 1
£62508/241.45 miNew Street, Neath1
£49512/241.45 mi-1
£84504/251.47 mi-2
£79512/241.47 mi-2
£70009/241.49 mi-3
£84503/251.51 mi-3
£79512/241.53 mi-3
£79512/241.53 mi-3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

1.57 miles away

Nearest school

0.20 miles away

Nearest train station

1.48 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 £229,000

April 5, 2025

Listed for £234,000

March 17, 2025

Floor Plans

Description

  • 4 Bedroom Detached House +
  • No Forward Chain +
  • Vacant for Immediate Possession +
  • Off Road Parking & Garage +
  • Front & Rear Gardens +
  • Convenient Residential Location +

Bettermove are proud to present this 4 bedroom detached house in Cimla available with no forward chain. This property requires modernisation throughout to bring it to its full potential. The property benefits from double glazing, gas central heating throughout and has off street parking available via the driveway and the garage. The council tax band is D. The interior of this property comprises a spacious living room, dining room, the fitted kitchen and a convenient WC on the ground floor. The first floor consists of four bedrooms and the family bathroom. The exterior boasts a private rear garden, perfect for enjoying the summer months. Located in the popular village of Cimla, the property is close to a range of amenities, including shops, supermarkets, restaurants and pubs. Excellent transport connections can be found from Neath Train Station, the M4 and many local bus routes. This exciting opportunity should not be missed! All enquiries can be made through Bettermove on . --------------------------------------------------------------------------------- You can secure the purchase immediately by paying an exclusivity deposit of £1,000. This is not an additional fee and is returned to you on completion. Paying this deposit ensures that the seller takes the property off the market and reserves it exclusively for you. Therefore, eliminating the risk of being gazumped by another buyer, and incurring aborted costs. This allows you rights to purchase within a given timeframe (typically 8-12 weeks) which gives you time to prepare funding, surveys, and searches. Speak to one of our sales team about our Exclusivity Deposits today to find out more…

Agent Details

Bettermove, Nationwide

020 3834 8696

Next Steps?

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