A fantastic BTL with all money out in 1.6 years!

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sold out

A fantastic BTL with all money out in 1.6 years!


Reserve this property investment for £199 now!

Figures in Brief:
Asking Price: £55,000
Sale Agreed at: £46,000
Refurb Costs: £15,000
Estimated Done Up Value: £80,000
Flip Profit: £10,761
Cash Flow (BTL): £246

Property Description: This is a two bedroom mid terrace house located in a quiet street set back off from the main road, people park on either side of the road in the street. The bathroom is located upstairs which is why it is a two bed property. To turn into a three bedroom, you could relocate the kitchen into the back part of the large reception room as a open plan living space and the bathroom can move from upstairs, down into the current kitchen. There is a large reception room that would have once been two separate reception rooms with an under the stairs cupboard useful for storage. There is a door at the back of the room that leads into the kitchen which has great natural lighting thanks to the large window a the back with views of the garden. The garden is two tiered with a grass area up the steps and rear lane access with a gate to the back of the garden.
Upstairs the bathroom is the first room which is located to the back of the property, it is a very large room for a bathroom which is why relocating it might be an option, the boiler is currently situated here. The two bedrooms are at the front of the property with views out to the front of the mountain views. The property benefits from being close to Treorchy for all your shopping and amenities as well as in a prime location for the park and lovely long walks with mountain views.

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Property Address: Cwmparc, Treorchy

Number of Bedrooms (current): 2

Is there potential to add a bedroom?: Yes

Reception Rooms: 1

Bathrooms/shower-rooms: 1

Property Asking Price: 55000

Agreed Sale Price: 46000

Fair Market Value (DUV): 80000

Comparable 1: 1 Castle Street, Cwmparc, Treorchy, CF42 6UY - SSTC Achieving Asking Price £85,000 - Great condition 3 bedroom with garage

Comparable 2: 45 Glynrhondda Street, Treorchy CF42 6DE - 2 bedroom SSTC offer accepted in the 90's Asking price £94,995 - On the market since 24 October 2018 - Excellent condition

Comparable 3: Tylacoch Place, Treorchy, CF42 6DH - SOLD SSTC 2 bedroom - Very close to asking price £89,950 - Excellent condition

If no comparables, please state why there are no direct comparables: 22 Tallis Street, Cwmparc, Treorchy, Rhondda Cynon Taff CF42 6LT - 2 bedroom - SOLD £71,000 - February 2018 - Good condition
4 Barrett Street, Cwmparc, Treorchy, Rhondda Cynon Taff CF42 6LN - 2 bedroom - SOLD £76,000 - September 2017 - Good condition

Market Status: on the market

Why is the property being sold?: Sale identified by sourcer (pen market)

Is the property in a lettable condition: Yes

Is the sale price negotiable?: No

Property Type: House

Freehold or Leasehold: Freehold

Is the property part of portfolio?: No

Exit Strategy 1: BTL

Exit Strategy 2: Cash Purchase Flip (or bridge)

Exit Strategy 3: Capital Growth

If HMO strategy please select: N/A

Potential Target Demographic: Families

Refurbishments Required: *Rip out and re plaster/ damp treatment where necessary
*Internal doors throughout
*Boiler conversion
*New Kitchen and Tiles
*New Bathroom and Tiles
*Front Door and Back Door
*Decorate throughout
*Carpet and Flooring throughout
*Clear garden and make good

Refurbishment Costs: 15000

Flip Figures (Buy, Renovate, Sell)

Purchase Price: £46000.00

Refurb costs: £15000.00

Entry legal costs: £1200.00

Exit legal costs: £1200.00

Stamp Duty: £1380.00

Survey: £400.00

Broker Fee: £400.00

SMP Consultation Fee: £1997.00

6 months of bills: £750.00

Estate agent selling fees: £912.00

Total: £69239.00

RESALE PRICE: £80000.00

Profit: £10761.00

BTL Figures (Buy To Let)

Purchase Price:  £46000.00

Deposit required 75% LTV: £11500.00

Refurb costs: £15000.00

Legal costs: £1200.00

Stamp Duty: £1380.00

Survey: £280.00

Broker Fee: £400.00

SMP Consultation Fee: £1997.00

6 months of bills: £750.00

6 months mortgage: £690.00

Total required: £33197.00

Rental Income: £495.00

New Mortgage (3%): £150.00

EA Rate (9%): £49.50

MOE rate (9%): £49.50

CASH FLOW: £246.00

Money Left In: £9,631

Years to paid back: 1 year 6 months

Area Description: TREORCHY TOWN CENTRE - (1.1 miles) Treorchy is a village and community in Wales described as a desirable area with a bustling town centre, which is less than a mile from the property. Once a town, it retains the characteristics of a town. Situated in the county borough of Rhondda Cynon Taf in the Rhondda Fawr valley. Treorchy is also one of the 16 communities of the Rhondda. It includes the villages of Cwmparc and Ynyswen. Locals have a wide choice of shopping and amenities ranging from supermarkets, doctor surgery, Florist, Café, Takeaways.
GELLI /PENTRE (2 miles) is a village in the Rhondda Fawr valley, in the county borough of Rhondda Cynon Taff, Wales, situated on the southern bank of the Rhondda Fawr River. Gelli is a former coal mining village which is a district of the community of Ystrad. It's a desirable area for locals, its described as a quiet and friendly place with a small but bustling shopping area on Church Road in Ton Pentre, 0.5 miles from the property. Within a half mile radius of the property, locals have the following amenities, Ton Pentre train station, Phoenix theatre/cinema, Gelli Park, Doctor Surgery, Spar, Florist, Café, Takeaways, Ton Pentre's football team 'Bulldogs' home ground and a range of shopping choices. Supermarkets such as Asda with petrol station and McDonalds (1.8 miles) and Lidl (3.0 miles) are all within a 3 mile radius giving locals the flexibility and choice.
The school has undergone some improvements funded by the council, the improvements in Treorchy are part of a wider £85m investment across Rhondda and Tonyrefail to deliver 21st Century learning facilities during 2018/19. The projects are being jointly funded through #RCTinvest and the Welsh Government’s 21st Century Schools and Education Programme. 
Benefits include new sixth form facilities, while its former science block will now be remodelled and developed into general classrooms and a dedicated music department which will include recording facilities with specialist equipment, and a number of practice/rehearsal rooms. This will be complete by March 2019. Sixth form pupils are already enjoying refurbished classrooms and seminar rooms while the Council is investing in a new coffee shop and dining facilities over the summer holiday. The school is already making good use from two new Multi Use Games Areas which have been delivered as part of this investment, and a third will be completed and handed over to the school next year.
Ton Pentre Infants are benefiting from an upgrade of electrical supply and mains distribution - costing approximately £20,000 and Treorchy Primary School - Part Rewire - Main Hall and Adjacent Classrooms - £35,000. 
£200m #RCTinvest Programme - Rhondda Sports Centre in Ystrad (3.2 miles) opened its new 100-station gym in 2016, which is double the size of its old one. The current improvement works for the centre form part of a wider £750,000 investment which will also deliver upgrades to the changing room facilities at Bronwydd Pool in Porth, Sobell Leisure Centre in Aberdare and Abercynon Sports Centre. This is in addition to the £3m that has already been invested in leisure centre improvements across Rhondda Cynon Taf in recent years as part of the wider on-going £200m #RCTinvest programme. The changing room improvements at Rhondda Sports Centre will provide users with some of the most up-to-date facilities available (completion June 2018) enhancing their visits. The facilities will include: 
*NEW family changing area
*NEW changing cubicles
*NEW lockers
*NEW showers
*NEW and Improved access to poolside
*NEW disabled changing facilities

£1Million will be invested to improve and future-proof Rhondda Fach Sports Centre (5.4 miles) focussing on providing the latest fitness and indoor sports. Major refurbishment work is set to get underway at Rhondda Fach Sports Centre as part of the Council’s wider investment in leisure facilities across the County Borough. The £1Million improvements to Rhondda Fach Sports Centre, situated in Tylorstown, include:
*A new state-of-the-art gym
*The creation of a spin studio
*The remodelling of the main sports hall area with the creation of 2 new indoor 3G
sports pitches- the first in the borough – replacing the existing 2 five-a-side courts
*Remodelling of changing facilities
*Creation of a new main entrance and modernised reception area
*Developing partnerships with local sports clubs to create sporting pathways
*Installation of free public access computers
(Jan 2018) Cabinet Members have discussed a major £300m strategic capital investment to deliver huge investment in Highways, Schools, Housing and Town Centres over the next five years.
HOUSING - New Housing (£450m+) - £11m Council funding. Bringing empty properties back into use (£1.5m), new homes on Council land (£70m of Housing Association Funding) and new housing developments (£340m of public and private sector development funding).
(October 2017) Thanks to the £1m investment in Park and Ride schemes, plans for stations in Treorchy will be further developed.
ROADS (Announced this week!!)
Rhondda Cynon Taf council has allocated £200,000 in funding to consider a bypass to alleviate traffic issues in the Rhondda Valley. A major bypass could be built in the Rhondda Valley under new council plans, the relief road would take traffic out of Treorchy by linking Gelli and and the upper Rhondda in Ynyswen.
64.4% of people in this post code either own their house out right or have a mortgage on it and 28.8% are renting through private landlords.

Nearest Train Station: Treorchy 1.1 miles, Ton Pentre 1.9 miles, Ynyswen 2 miles.

Any key journey times: MERTHYR TYDFIL - (18 miles North)
Merthyr Tydfil, known to be a tourist hotspot all year round with one of three national parks in Wales just minutes from the town... The Brecon Beacons. The Brecon Beacons are one of four ranges of mountains and hills in South Wales.
Cyfarthfa Retail Park (18 miles) a large mall just off the A470 perfect for any shopping occasion with great parking facilities, multiple outlets including Next Home, River Island, New Look, Debhanams, M&S, TK Maxx, Argos, B&Q and a few more.
Merthyr Tydfil Leisure Village (19.3 miles) just off the A470 - is the perfect place to socialise in the area with a number of amenities and entertainment opportunities for the whole family. It's 1.7 miles from the property with a VUE Cinema, Costa Coffee, Arcade, Superbowl, Laser Quest, a Leisure Centre including a Swimming pool and a number of restaurants including Nandos, Frankie and Bennys, Harvester, McDonalds, Chinese, Subway, Firefly pub and restaurant and a Travelodge hotel.
PRIMARY SCHOOLS - There is a choice of five schools less than a mile from the property. Parc Primary School 0.4 miles, Treorchy Comprehensive School 0.8 miles, Ysgol G.G. Ynyswen 1 mile, Treorchy Primary School 1.1 mile.
SECONDARY SCHOOL - Treorchy Comprehensive School 1.1 mile
HOSPITALS - Ysbyty Cwm Rhondda Hospital 3.9 miles, Royal Glamoragon Hospital 12 miles
TRAIN STATIONS - Treorchy 1.1 miles, Ton Pentre 1.9 miles, Ynyswen 2 miles.
SUPERMARKETS - Lidl 1.6 miles, Iceland 0.8 miles, Co-Op 1.1 miles, Asda Superstore 4.2 miles
LEISURE /ENTERTAINMENT - Phoenix Theatre/Cinema 0.6 miles, Rhondda Sports Centre (gym, classes, swimming) Rhondda Fach Sports Centre (gym, swimming) Public
Library Treorchy 1.1 miles, Bronwydd Pool 6 miles, Gelli Park 1 mile, and the BRAND NEW Pentre Park 3G (designed for use in all weather conditions) 1.2 miles, "This is yet another example of investment in the Rhondda being undertaken by the council following the new fitness facilities at Bronwydd Pool and the major revamp of Rhondda Sports Centre, all in addition to the major infrastructure and other facilities improvements taking place in the valley"
TRANSPORT - Cardiff is a 22.1 miles (42-minutes) drive or 18 miles (30-minutes) to the "up-and-coming" Merthyr Tydfil. The M4 corridor is less than 15 miles away and the A470 a mere 10 miles, giving plenty of flexibility for travel in the area. A train from Ton Pentre and Treorchy to Cardiff Central takes an average of between 40-50 minutes.

The local council are currently offering a 0% loan scheme to refurbish certain properties for sale or rent, you can get up to £25,000. Please ask your sourcing agent for more information about this.

Guidelines towards achieving the desired outcome; in order for you to take full advantage of this process; the following helps:

  1. Pay deposit to Source My Property (SMP) to secure the deal (and this deal would be removed or marked as sold, from all our advertising/ marketing portals). Then, do your own due diligence.

  2. Provide certified photographic forms of identification e.g. driving license, passport etc.

  3. Utility bill; to confirm your residential address (i.e. recent or within the last 3 months).

  4. Proof of funds (POF) e.g. bank statements with sensitive information blacked-out, mortgage application in principle (AIP) from a broker/ financial institution; to cover the full purchase price.

  5. Broker/ financial institutions details (i.e. name; practice name; address; contact telephone number and email address) to act on your behalf in the financial transfer of funds when required to complete the purchase.

  6. When could you visit the property or properties? Ideally, within the first 7 days.

  7. Solicitor details (i.e. name; practice name; address; contact telephone number and email address) to act on your behalf in legal conveyancing.

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