- Three bedroom mid-terraced property +
- Being sold with tenants in situ +
- Current rental income: £700 per calendar month +
- Scope to increase rent to circa £900 pcm, in line with market rate +
- Potential gross yield of approximately 7.0% +
- Current tenant has been in situ for around 5 years +
11 Pier Close, Port Talbot, SA12 7NT
£155,000 | Three Bedroom Mid-Terrace | Coastal Buy-to-Let Opportunity
Overview
We are pleased to present for sale this three-bedroom mid-terraced property, ideally positioned just a short walk from Aberavon Beachfront and its wide range of amenities. The property is currently let to long-term tenants and is offered for sale with tenants in situ on a rolling contract, making it a compelling turnkey investment opportunity with scope for rental growth.
The tenants have been in occupation for approximately five years, demonstrating stability and ongoing demand for the location. The rent was increased on 6th December and remains below current market value, providing a clear opportunity to enhance returns.
Price & Yield Summary
* Marketing Price: £155,000
* Current Rent: £700 pcm (£8,400 pa)
* Current Gross Yield: Approx. 5.4%
Estimated Market Rent:
* £850 pcm (£10,200 pa) - Approx. 6.6% gross yield
* £900 pcm (£10,800 pa) - Approx. 7.0% gross yield
This represents a strong yield profile for a coastal property with long-term tenant demand and upside potential.
Key Investment Highlights
* Long-term tenants in situ (approx. 5 years)
* Rolling tenancy agreement
* Recent rent increase (December 6th)
* Rental uplift potential of £150-£200 pcm
* EPC Rating: D
* Council Tax Band: B
* Popular coastal location with strong rental demand
Property Features
* Three bedrooms
* Two bathrooms, including ground floor shower room
* Two reception rooms
* Fitted kitchen
* Gas central heating via combi boiler
* Double glazing throughout
* Hardstanding / allocated parking to the front
* Gardens to the front and rear
Summary
Offered at £155,000, this property presents an excellent buy-to-let opportunity, delivering immediate income with a current yield of approximately 5.4% and potential to increase to circa 6.6%-7.0% through rental alignment with market levels. Early viewing is strongly recommended.
LET PURE INVESTOR TAKE THE STRAIN AWAY .....
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.
* Fully managed lettings and property management service
* Comprehensive coverage throughout England and Wales
* One team, one fee across your full portfolio
* Rental income protection available
* Transfer your existing properties quickly and easily
If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: to find out more