Dual exits potential on this Pontypridd Buy to Let or Flip

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sold out

Dual exits potential on this Pontypridd Buy to Let or Flip

249.00

Reserve this investment opportunity for £249

Figures in Brief:
Sale Agreed at: £82,500
Estimated Done Up Value: £125,000
1st exit: Flip Potential Profit: £17,476
2nd exit: Cash Flow (BTL): £206.56

Property Description:  This 3-Bed terraced, stone-built property is perfectly situated in Treforrest for east access to the train station, all local ammenities and nearby university. Just a short 30 minutes away from Cardiff City, this is an ideal location for students and there are many student accommodations in this town, so there may also be an option to HMO this house, over and above the immediate dual strategy investment opportunies to either flip this for a decent profit, or retain as a Buy-To-Let with a decent cash flow.

The property itself is traditionally laid out with the ground floor comprising of an entrance hallway and lovely size lounge/Diner and Kitchen. To the first floor there are three good size bedrooms and family bathroom. To the rear of the property is a tiered garden with potential for off road parking.

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Property Information:


Property Address: Wood Road, Treforest, Pontypridd CF37 1RQ

Number of Bedrooms (current):  3

Is there potential to add a bedroom?: No

Reception Rooms: 1

Bathrooms/shower-rooms: 1

Property Asking Price: 90000

Agreed Sale Price: 82500

Fair Market Value (DUV): 125000

Comparable 1: https://www.rightmove.co.uk/property-for-sale/property-63510654.html

Comparable 2: https://www.rightmove.co.uk/property-for-sale/property-62549187.html

Comparable 3: https://www.rightmove.co.uk/property-for-sale/property-57471297.html

If no comparables, please state why there are no direct comparables:

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: Multi-let / HMO

If HMO strategy please select: N/A

Potential Target Demographic: Professionals


 Refurbishments Required

Estimated Refurbishment Costs: £14,000

Interior re-decorate
Carpets throughout
Rip out an replace kitchen
Rip out and replace bathroom
Replace rads and pipework
Garden - Make nice


Flip Figures (Buy, Renovate, Sell)

Purchase Price: £82,500
Refurb costs: £ 14,000
Entry legal costs: £1200
Exit legal costs: £1000
Stamp Duty: £2475

Survey: £450
Broker Fee: £400

SMP Consultation Fee: £ 2497

Estate Agent selling fees: £1710

RESALE PRICE: £125,000

Potential Profit: £17,476

BTL Figures (Buy to let)

Purchase Price: £82,500
Refurb costs: £14,000
Legal costs: £1200
Stamp Duty: £2475

Survey: £ 450
Broker Fee: £400
SMP Consultation Fee: £2497
Rental Income: £600
New Mortgage (3.5%): £273.44

Estate Agent Rate (10%): £60
Management & operating Expenses (10%): £60

CASH FLOW: £206.56

Money left in deal £11,063

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:  Nestling at the foot of steep, wooded slopes where the River Rhondda joins the River Taff, Pontypridd is a bustling, traditional market town, a place of curiosities and characters which also happens to be home to the 16,000 students of the University of Glamorgan. Rental market is very good here. As there are a lot of students, a HMO strategy might be worth considering, even if it is a small one (3-Bed), as we have seen a lot of these in the area.

Nearest Train Station: Treforest

Any key journey times: Cardiff by train - 30 Mins
Cardiff by car - 40 Mins
Brecon Beacons - 1H20 by car
Swansea - 1 Hour by car


 

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