31% Below Asking Price Sale Agreed!
31% Below Asking Price Sale Agreed!
Reserve this investment for £199.
This is refundable if you decide not to go ahead after viewing!
Figures in brief
Asking Price: £85,000
Agreed Sale Price: £58,000
Done Up Value Estimate: £100,000
Flip Profit: £14,163
Cash Flow (Stress test 5%) Worst Case: £138
Cash Flow (3%) Most likely: £263
This 3 bed mid terrace property is located in a sought after cul-de-sac in Treorchy and benefits from an enclosed rear garden with fabulous views and a basement accessed via rear garden.
The property comprises of 3 decent sized bedrooms, one large reception room, a larger then average kitchen, ground floor four piece bathroom and the enclosed rear garden with patio area and rear lane access.
Ideally located less than a mile from both Treorchy Primary and Comprehensive school, making it highly desirable for families, it also offers great transport links into Cardiff being 0.5 miles from Treorchy Train Station.
The property requires re-modernisation throughout and would make a perfect investment for a strong rentable family home!
Purchase Price: £58,000
Expected ReSale price: £100,000
Refurb costs: £20,000
Entry legal costs: £1200
Exit legal costs: £1200
Stamp Duty: £1,740
Broker Fee: £400
SMP Consultation Fee: £1997
3 months of bills: £750
Estate agent selling fees: £1,140
Total Costs: £86,707
Profit on sale: £13,293
Comparable 1: 7 Tynybedw Terrace, Treorchy, CF42 6RL - SOLD 26 August 2016, £110,000, Excellent Condition
Comparable 2: 96 Tynybedw Terrace, Treorchy, CF42 6RL - SOLD 22 July 2016, £161,000, Excellent Condition
Comparable 3: 81 Tynybedw Street, Treorchy, CF42 6PY - SOLD 29 November 2017, £135,000, Excellent Condition
Estimated Monthly Mortgage: £312,50
Rental Income: £550
Letting Fees: £49.50
Cash Flow 5%: £138.50 worst case/stress test
Cash Flow 3%: £263.50 most likely
Money Left in: £10,019
Years to money repaid: 3 years and 2 months
Rip out entire property, damp treatment where necessary
Re-board and Plaster
New Combi-Boiler System
New Kitchen and tiles
New Bathroom and tiles
Paint and Decorate
Carpet and Flooring
Garden tidy/curb appeal
Refurbishment Cost estimate: £20,000
Your final estimate will be secured once you have visited and decided on the level of works you want completed.
In the much sought after area of Treorchy, this property offers excellent transport links and a great selection of shops and local schools.
Schools - Primary - Treorchy Primary 0.2 miles, Adequate OFSTED, Parc Primary School 0.8 miles Adequate OFSTED, Ysgol Gynradd Gymraeg Ynyswen 0.9 miles Good OFSTED, Ton Pentre Junior School 0.9 miles Adequate OFSTED.
Secondary - Treorchy Comprehensive School 0.4 miles Good OFSTED, Ferndale Community School 1.4 miles Good OFSTED.
Boots Pharmacy 0.3 miles, A Fraser Jones Pharmacy - Alphega Pharmacy 0.5 miles.
Hospital- Royal Glamorgan Hospital 11.5 miles.
Train Stations- 1) Ynyswen 0.4 miles, 2) Treherbert 0.8 miles, 3) Treorchy 1.2 miles. A direct train from Treorchy to Cardiff takes 50 minutes.
Transport- Cardiff is a 50-minute commute by car from the property or a 30-minute drive to the "up-and-coming" Merthyr Tydfil.
Cabinet Members have agreed to progress plans for 10 new Park and Ride Schemes, which would see hundreds of additional parking spaces created at train stations across the County Borough and Treorchy is one of the 10 chosen towns.
Supermarkets- Treorchy high street, which has a lively array of traditional shops including butchers, greengrocers, supermarkets and cafés, also boosts from a range of specialist shops. Supermarket giant Lidl is just 0.5 miles away, as well as Iceland and Co-Op giving excellent choice to the local area.
Investments- Major £300m capital investment plans to shape Rhondda Cynon Taff's future including- Highways and Transportation Infrastructure - £65m, 21st Century Schools - £160m, Community Assets - £4m (parks, leisure centres, playgrounds, library, community hubs etc), New Housing (£450m+) - £11m Council funding and Town Centre and Economic Regeneration - £70m.
SMP operates in trust with its potential investors. SMP is registered with the Property Ombudsman Group. SMP prides itself on delivering BMV deals with accuracy and confidence. The sourcing fee for this deal is £1997 which is paid on completion of the sale. A £199 deposit is required to secure the deal which is refundable if the investor decides not to proceed to an agreed sale with the vendor, ie after viewing. The deposit is not refundable if the investor pulls out of the purchase after sale agreed.
SMP takes no responsibility if deals “fall through” for matters out of our control. It is always highlighted that property investment carries an element of risk and ultimately a deal may not be successful. There for deal owners are advised to carry out their own due diligence to confirm for themselves the findings SMP present. SMP has no control of the UK property market prices and investments can be lost or profit margins shortened with the fluctuating market.