Bungalow for £84,250 with very little refurb required!

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Bungalow for £84,250 with very little refurb required!

299.00

Figures in Brief:

Sale Agreed at: £84,250
Estimated Done Up Value: £120,000
1st exit: Flip Potential Profit: £19,599
2nd exit: Cash Flow (BTL): £157.50 (under £8k left in deal)  25% ROI (potential) Property Description:  A very tidy 3-Bed bungalow on a very good street.

A large, bright living area welcomes you as you come in the front door, with two decent sized rooms off to the left. Go through the double glass-panelled doors into a modern and spacious kitchen, which has a bathroom off to the left and the smaller, third bedroom. To the back there is a terraced garden of good size, which has grass coverage.

Some refurbishment is required to replace the bathroom, carpets and repaint throughout. This property works well as a flip, with a good profit, but can also benefit from a BTL that cash flows at around £160PCM.

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Property Information:


Property Address: Charles Street, Tredegar NP22 4AF

Number of Bedrooms (current):  3

Is there potential to add a bedroom?:  no

Reception Rooms: 1

Bathrooms/shower-rooms:  1

Agreed Sale Price: £84,250

Fair Market Value (DUV): £120,000

If no comparables, please state why there are no direct comparables: No bungalows in the area and according to local Estate Agents, Clee Tompkinson & Francis,  wrote: We have had a look and there is not much to compare the property with in that particular area.  Having said that, bungalows are in short supply and we would anticipate that you could look at marketing at around £120,000.00.


 Market Status: on the market

Why is the property being sold?: Sale identified by sourcer (open 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?: Unknown

Exit Strategy 1: Cash Purchase Flip (or bridge)

Exit Strategy 2: BTL

Exit Strategy 3: N/A

If HMO strategy please select: N/A

Potential Target Demographic: Families


 Refurbishments Required

Estimated Refurbishment Costs: £5500

Internal redecoration
Replace carpets
Potentially replace bathroom or modernize it

Garden works


 Flip Figures (Buy, Renovate, Sell)

Purchase Price: £84,250
Refurb costs: £ 5500
Entry legal costs: £1200
Exit legal costs: £1000
Stamp Duty: £2527

Survey: £450
Broker Fee: £400

SMP Consultation Fee: £2997

Estate Agent selling fees: £1641

RESALE PRICE: £ 120,000

Potential Profit: £19,599

BTL Figures (Buy to let)

Purchase Price: £84,250
Refurb costs: £5500
Legal costs: £1200
Stamp Duty: £2527

Survey: £ 450
Broker Fee: £400
SMP Consultation Fee: £2997
Rental Income: £525
New Mortgage (3.5%): £262.50

Estate Agent Rate (10%): £52.50
Management & operating Expenses (10%): £52.50

CASH FLOW: £157.50

Money left in deal £7758

Money out in 4 years  25% ROI

Disclaimer : Perform your own Due Diligence. The ROI above is not a guaranteed return and is an indication of the potential based on achieving the relevant figures in all aspect of the purchase, refurbishment and refinance/resale. All figures will be subject to the buyers status and market fluctuations.


 Area Description:  Charles Street is a residential street that is fast developing in Tredegar is in South Wales. The postcode is within the Sirhowy ward/electoral division, which is in the UK Parliamentary Constituency of Blaenau Gwent. There has been recent development in the area and there are a lot of modern houses built, or being built.

Access to main travel routes is nearby, with the Heads of the Valleys Rd (A465) just to the North, which connects to Merthyr Tydfil and Brecon Beacons. Cardiff and the M4 are within an hours drive South.

Nearest Train Station: Ebbw Vale Town - 10 minute drive

Any key journey times: Shops, pubs, restaurants, pharmacy - Within 2 Miles (5 Min Drive)
Merthyr Tydfil - 15 Minute Drive
Cardiff - 55 Minute Drive
Newport 40 Minute Drive


 The fine Print
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 £2497(inc VAT) which is paid on completion of the sale. A £249 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