3 Bed Terraced House, Single Let, Neath, SA11 1BB, £90,000

32 Ethel Street, Neath, SA11 1BB - 2 views - 18 days ago

BTL
ROI: 13%
~93 m²
+17 photos

ValuationUndervalued

Sold Prices£62K - £194K
Sold Prices/m²£538/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£111,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£700 - £975

Rent Estimate

£773

Running Costs/mo

£456

Cashflow/mo

£317

Cashflow/yr

£3,806

ROI

13%

Gross Yield

10%

Local Sold Prices

47 sold prices from £62K to £194K, average is £112K. £538/m² to £2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£62K11/200.11 mi10, Taylors Row, Neath, Neath Port Talbot SA11 1SY3
£119K06/230.13 mi36, Whittington Street, Neath, Neath Port Talbot SA11 1AW3
£103K03/210.14 mi40, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£115K10/230.14 mi43, Crythan Road, Neath, Neath Port Talbot SA11 1SR3
£115K03/210.14 mi48, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£118K01/240.14 mi18, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£70K06/230.15 mi1, Old Road, Neath, Neath Port Talbot SA11 2BS3
£115K02/230.15 mi31, New Henry Street, Neath, Neath Port Talbot SA11 1PH3
£95K03/230.15 mi49, Whittington Street, Neath, Neath Port Talbot SA11 1AN3
£83.5K06/210.16 mi67, Pendrill Street, Neath, Neath Port Talbot SA11 1BW3
£75K08/210.16 mi16, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£85K03/240.16 mi22, Burrows Road, Neath, Neath Port Talbot SA11 1TA3
£165K04/210.17 mi8, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£103.5K12/200.17 mi4, Danygraig Road, Neath, Neath Port Talbot SA11 1UD3
£107K08/230.2 mi21, Briton Ferry Road, Neath, Neath Port Talbot SA11 1AF3
£70.5K12/200.2 mi30, Pendrill Street, Neath, Neath Port Talbot SA11 1BP3
£71.5K12/230.2 mi39, Pendrill Street, Neath, Neath Port Talbot SA11 1BP3
£85K06/210.21 mi7, Brookdale Street, Neath, Neath Port Talbot SA11 1PB3
£89.5K07/210.21 mi51, Danygraig Road, Neath, Neath Port Talbot SA11 1UA3
£151.5K12/220.24 mi80, Old Road, Neath, Neath Port Talbot SA11 2BU3
£77K11/200.24 mi3, Pentwyn, Neath, Neath Port Talbot SA11 1YW3
£150K12/200.24 miHillcrest, Pentwyn, Neath, Neath Port Talbot SA11 1YW3
£72K11/200.25 mi10, George Street, Neath, Neath Port Talbot SA11 1TT3
£160K12/200.28 mi6, Ty Segur, Neath, Neath Port Talbot SA11 1YN3
£194K12/230.28 mi4, Meadow Road, Neath, Neath Port Talbot SA11 2AB3
£130K03/230.3 mi25, Llewellyn Street, Neath, Neath Port Talbot SA11 1EJ3
£103K08/240.3 mi3, Llewellyn Street, Neath, Neath Port Talbot SA11 1EJ3
£165K08/210.31 mi24, Hillside, Neath, Neath Port Talbot SA11 1TS3
£105K06/230.31 mi9, Hillside, Neath, Neath Port Talbot SA11 1TS3
£142K06/230.31 mi2, Llys Walters, Neath, Neath Port Talbot SA11 2EQ3
£90K01/230.31 mi51, Dalton Road, Neath, Neath Port Talbot SA11 1UG3
£95K10/210.34 mi51, Wallace Road, Neath, Neath Port Talbot SA11 1YH3
£153K06/210.34 mi27, Herbert Road, Neath, Neath Port Talbot SA11 2DD3
£112K05/230.34 mi23, Osborne Street, Neath, Neath Port Talbot SA11 1NN3
£128K07/240.34 mi103, Windsor Road, Neath, Neath Port Talbot SA11 1NS3
£130K01/230.35 mi107, Windsor Road, Neath, Neath Port Talbot SA11 1NS3
£87K09/230.36 mi56, Eastland Road, Neath, Neath Port Talbot SA11 1HY3
£89K09/210.36 mi22, Helens Road, Penrhiwtyn, Neath, Neath Port Talbot SA11 2DL3
£90K10/230.36 mi9, Charles Street, Neath, Neath Port Talbot SA11 1NF3
£73K10/230.37 mi37, Morgans Road, Neath, Neath Port Talbot SA11 2DG3
£150K09/210.38 mi13, Geoffrey Street, Neath, Neath Port Talbot SA11 1HU3
£120.1K10/210.38 mi36, Hillside, Neath, Neath Port Talbot SA11 1TR3
£150K03/230.39 mi28, London Road, Neath, Neath Port Talbot SA11 1LE3
£160K07/230.39 mi48, London Road, Neath, Neath Port Talbot SA11 1LE3
£160K07/230.39 mi48, London Road, Neath, Neath Port Talbot SA11 1LE3
£146K02/210.39 mi37, Hillside, Neath, Neath Port Talbot SA11 1TR3
£170K11/200.4 mi118, London Road, Neath, Neath Port Talbot SA11 1HL3

Local Rents

14 rents from £700/mo to £975/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£79512/240.01 mi-3
£79512/240.01 mi-3
£70009/240.03 mi-3
£79511/240.15 mi-3
£75008/240.15 mi-3
£84503/250.17 mi-3
£90008/240.21 miBrookdale Street, NEATH3
£80012/240.24 mi-3
£80012/240.25 miGeorge Street, NEATH3
£80008/240.31 miElias Street, Neath, Neath Port Talbot.3
£90008/240.34 miOsborne Street, NEATH3
£90008/240.41 miMorgans Road, Neath, 3
£92512/240.44 miWellfield Avenue, Neath3
£97510/240.53 mi-3

Local Area Statistics

Population in SA11

36,616

Population in Neath

66,689

Town centre distance

2.78 miles away

Nearest school

0.30 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £90,000

March 24, 2025

Floor Plans

Description

  • First time to market in over ninety years +
  • Available to purchase with vacant possession +
  • A lovingly maintained three bedroom mid terrace property +
  • Located within a quiet residential area +
  • Conveniently positioned close to local amenities +
  • Two reception rooms +
  • Three double bedrooms +
  • UPVC double glazing throughout +
  • Enclosed rear courtyard garden +
  • An ideal purchase for investors +

This deceptively spacious circa 1920's stone fronted mid terraced property would make an ideal purchase for an investor or first time buyer. The property has been lovingly maintained by the same family for over ninety years and is now available to purchase with no ongoing chain.

The property is entered via a UPVC and glazed panel door into an entrance hallway, with wood effect vinyl flooring laid, a fixed staircase giving access to the first floor accommodation and doorways leading to the two reception rooms.

The front reception room features a window to the front, fitted carpet flooring and an ornate art deco inspired tiled fireplace to one wall.

The rear reception room features a window to the rear, fitted carpet flooring, recessed alcove storage cupboards and an ornate art deco inspired tiled gas fireplace to one wall, with fitted gas fire.

A doorway to the rear of the room leads through into the kitchen. The kitchen benefits from vinyl flooring, access to a useful understairs pantry storage cupboard and has been fitted with a range of base and wall mounted units. It offers space for a free standing cooker, space for fridge/freezer and space for one appliance. There is a stainless steel sink unit positioned below a large window to the side and a doorway to the rear gives access to the rear hallway, utility cupboard and bathroom.

The bathroom has been fitted with a three piece suite comprising; panel bath, pedestal wash hand basin and low level WC. It offers an obscure glazed window to the rear, vinyl flooring and houses the hot water immersion heater.

To the first floor the landing gives access to all three bedrooms. Bedroom one is located to the front of the property and is the largest of the double bedrooms. It features two windows to the front, fitted carpet flooring and recessed alcoves to one wall.
Bedroom two is a good sized double bedroom with vinyl fitted flooring and a window to the rear. Bedroom three is a comfortable sized single bedroom with recessed alcoves to one wall, fitted carpet flooring and a window to the side.

Externally the property benefits from an enclosed low maintenance courtyard garden, with a solid built outhouse/potting shed and a tall wooden gate to the rear providing access out to a useful rear lane.

Agent Details

Herbert R Thomas, Neath

01639 505122

Next Steps?

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