3 Bed Terraced House, Refurb/BRRR, Neath, SA11 2DD, £150,000

Herbert Road, Neath, Neath Port Talbot., SA11 2DD - 2 views - a month ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£62K - £345K
Sold Prices/m²£538/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£109,412

 

 

End Value (After Refurb)

£161,153

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£37,702

Bridging Loan Interest

£3,938

Total Cash In

£89,589

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£161,153

Mortgage (After Refinance)

£120,865

Mortgage LTV

75%

Cash Released

£8,365

Cash Left In

£81,225

Equity

£40,288

Rent Range

£595 - £975

Rent Estimate

£817

Running Costs/mo

£687

Cashflow/mo

£130

Cashflow/yr

£1,560

ROI

2%

Gross Yield

7%

Local Sold Prices

47 sold prices from £62K to £345K, average is £112K. £538/m² to £2.7K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£153K06/210 mi27, Herbert Road, Neath, Neath Port Talbot SA11 2DD3
£73K10/230.08 mi37, Morgans Road, Neath, Neath Port Talbot SA11 2DG3
£142K06/230.09 mi2, Llys Walters, Neath, Neath Port Talbot SA11 2EQ3
£89K09/210.11 mi22, Helens Road, Penrhiwtyn, Neath, Neath Port Talbot SA11 2DL3
£92K10/210.14 mi18, Greenwood Road, Neath, Neath Port Talbot SA11 2BD3
£194K12/230.14 mi4, Meadow Road, Neath, Neath Port Talbot SA11 2AB3
£151.5K12/220.15 mi80, Old Road, Neath, Neath Port Talbot SA11 2BU3
£112K04/210.15 mi10, Primrose Road, Neath, Neath Port Talbot SA11 2AP3
£106K06/240.17 mi19, Furnace Terrace, Neath, Neath Port Talbot SA11 2EE3
£80K03/240.19 mi19, Chamberlain Road, Neath, Neath Port Talbot SA11 2BE3
£95.5K05/210.19 mi51, Chamberlain Road, Neath, Neath Port Talbot SA11 2BE3
£150K10/210.23 mi33, Primrose Road, Neath, Neath Port Talbot SA11 2AR3
£149.5K07/210.24 mi36, Westbourne Road, Neath, Neath Port Talbot SA11 2EP3
£170K05/230.26 mi54, Westbourne Road, Neath, Neath Port Talbot SA11 2EW3
£122K12/200.26 mi63, Westbourne Road, Neath, Neath Port Talbot SA11 2EW3
£149.9K05/230.26 mi9, Wembley, Neath, Neath Port Talbot SA11 2AT3
£70K06/230.27 mi1, Old Road, Neath, Neath Port Talbot SA11 2BS3
£175K04/210.28 mi12, Glyn Garfield Close, Neath, Neath Port Talbot SA11 2JR3
£345K11/230.28 miBryneryr, Eaglesbush Valley, Neath, Neath Port Talbot SA11 2AN3
£150K12/200.31 miHillcrest, Pentwyn, Neath, Neath Port Talbot SA11 1YW3
£77K11/200.31 mi3, Pentwyn, Neath, Neath Port Talbot SA11 1YW3
£100K12/200.31 mi59, Pant Yr Heol, Neath, Neath Port Talbot SA11 2HN3
£165K04/210.32 mi8, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£103.5K12/200.32 mi4, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£62K11/200.33 mi10, Taylors Row, Neath, Neath Port Talbot SA11 1SY3
£75K08/210.34 mi16, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£85K03/240.34 mi22, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£162.5K12/200.34 mi51, Penrhiwtyn Drive, Neath, Neath Port Talbot SA11 2JF3
£160K12/200.35 mi6, Ty Segur, Neath, Neath Port Talbot SA11 1YN3
£195K07/210.37 mi18, May Drew Way, Neath, Neath Port Talbot SA11 2HX3
£215K10/230.37 mi4, May Drew Way, Neath, Neath Port Talbot SA11 2HX3
£103K03/210.39 mi40, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£115K10/230.39 mi43, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£100K11/210.39 mi30, Penrhiwtyn Street, Neath, Neath Port Talbot SA11 2HG3
£102K06/240.39 mi37, Penrhiwtyn Street, Neath, Neath Port Talbot SA11 2HG3
£100K01/230.42 mi264, Old Road, Neath, Neath Port Talbot SA11 2ES3
£155K05/240.42 mi227, Old Road, Neath, Neath Port Talbot SA11 2ES3
£205K07/240.42 mi27, Havard Jones Close, Neath, Neath Port Talbot SA11 2HR3
£89.5K07/210.42 mi51, Danygraig Road, Neath, Neath Port Talbot SA11 1UA3
£85K03/240.44 mi9, Collins Street, Neath, Neath Port Talbot SA11 2HH3
£119K06/230.45 mi36, Whittington Street, Neath, Neath Port Talbot SA11 1AW3
£95K07/240.46 mi123, Pant Yr Heol, Neath, Neath Port Talbot SA11 2HB3
£95K03/230.47 mi49, Whittington Street, Neath, Neath Port Talbot SA11 1AN3
£90K01/230.47 mi51, Dalton Road, Neath, Neath Port Talbot SA11 1UG3
£95K10/210.48 mi51, Wallace Road, Neath, Neath Port Talbot SA11 1YH3
£115K03/210.48 mi48, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£118K01/240.48 mi18, New Henry Street, Neath, Neath Port Talbot SA11 1PH3

Local Rents

17 rents from £595/mo to £975/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£90008/240.11 miMorgans Road, Neath, 3
£84503/250.18 mi-3
£97510/240.19 mi-3
£75008/240.31 mi-3
£87508/240.34 miPenrhiwtyn Drive, Briton Ferry, Neath, SA11 2JF3
£70009/240.34 mi-3
£80012/240.34 miHowell Road, NEATH3
£79512/240.34 mi-3
£79512/240.34 mi-3
£90004/250.34 mi-3
£79511/240.45 mi-3
£87512/240.46 miPant Yr Heol, NEATH3
£80012/240.48 miGeorge Street, NEATH3
£85012/240.5 miFarm Road, NEATH3
£90008/240.53 miBrookdale Street, NEATH3
£80012/240.55 mi-3
£59508/240.55 miMorgans Terrace, Briton Ferry, Neath3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

2.99 miles away

Nearest school

0.10 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £150,000

March 20, 2025

Description

  • MID TERRACED PROPERTY +
  • THREE BEDROOMS +
  • SPACIOUS LOUNGE +
  • WELL APPOINTED KITCHEN +
  • FULL RENOVATION +
  • LOW MAINTENANCE FRONT & REAR GARDEN +
  • IDEAL FIRST TIME PURCHASE +
  • NO CHAIN +

Presenting a wonderful opportunity to make this fully renovated Mid Terraced property in Melyn, Neath, your new home. Step inside to discover an inviting entrance porch, a spacious lounge and diner perfect for entertaining, and a well-appointed kitchen that is sure to inspire your culinary skills. The first floor boasts three bedrooms and a family bathroom, providing ample space for comfortable living.

Externally, this property features a low maintenance frontage and rear access to an enclosed garden complete with a patio seating area – perfect for enjoying the outdoors in privacy. Located within easy reach of the A465 and M4 corridor, this home offers excellent transport links for commuters. Additionally, you'll find yourself conveniently close to local amenities, regular bus routes, and a nearby train service.

This property is offered with no onward chain, making it an enticing prospect for those looking to make a hassle-free move. Don't miss out on the chance to view this fantastic property – contact us today to arrange a viewing.

Agent Details

Clee Tompkinson & Francis, Neath

01639 501239

Next Steps?

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