Great flip or BTL opportunity at £12k profit or cash flow £239

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sold out

Great flip or BTL opportunity at £12k profit or cash flow £239

199.00

Reserve this investment for £199

Property Summery: This 3 bedroom mid terraced house I'm told is an ex-rental property, probate as the landlord passed away. The property is in a general good condition, there are some requirements it needs and updating looking at the comparables for a curb appeal to either rent or sell on. The property boasts a larger then average garage in the garden with rear lane access, a desirable asset to many future tenants/owners. There is a separate hallway with a door that leads into the large reception room (once two separate rooms) a three piece downstairs bathroom with a window to the back garden. The kitchen is spacious and located to the back of the property with great natural lighting and views to the back garden. Upstairs there are three bedrooms consisting of two doubles, one to the front and one to the back of the property and one single at the front of the property.

Brief Figures

Asking Price: £59995

Agreed Sale Price: £48000

Refurbishment: £10,000

Done Up Value Estimate: £80000

Add To Cart

Flip Figures (buy/renovate/sell)

Purchase Price: £48000.00
Refurb costs: £10800.00
Entry legal costs: £1200.00
Exit legal costs: £1200.00
Stamp Duty: £1440.00
Survey: £280.00
Broker Fee: £400.00
SMP Consultation Fee: £1997.00
6 months of bills: £750.00
Estate agent selling fees: £1026.00

Total: £67093.00
RESALE PRICE: £80000.00
Profit: £12907.00

Comparable 1: 66 Brynhyfryd Street, Tonypandy, CF40 2DY 3bed - SOLD 26 January 2018 - £85,000 - Great condition (0.4 miles)

Comparable 2: 47 Park Street, Tonypandy, CF40 2BS 2bed - SOLD 05 January 2018 - £80,000 - No photos (0.1 miles)

Comparable 3: 16 Evans Terrace, Tonypandy, CF40 2ED 3bed + loft room - SOLD 20 Oct 2017 - £83,000, Great condition (0.4 miles)

Refurbishments required: 

*New Combi-Boiler System
*Re-tile Kitchen and new tap
*Re-tile Bathroom
*Fit shower, shower screen and fit extractor fan
*Skim downstairs ceilings
*New Front Door
*Remove old fireplace and make good
*Redecorate throughout
*Carpet and Flooring throughout
*Clear garden and landscape
*External paint of house front, back and garage

BTL (Buy to Let)

Purchase Price: £48000.00
Deposit required 75% LTV: £12000.00
Refurb costs: £10800.00
Legal costs: £1200.00
Stamp Duty: £1440.00
Survey: £280.00
Broker Fee: £400.00
SMP Consultation Fee: £1997.00
6 months of bills: £750.00
6 months mortgage: £540.00

Total required: £29407.00

Rental income:  £475.00
Morg Rate  3% = New Morg  £150.00
EA rate  9% = EA  £42.75
MOE rate  9% = MOE  £42.75
Cashflow  £239.50

Area Description: ON STREET Comparable - 105 High Street, Tonypandy, CF40 2BJ 3bed – SOLD 10 April 2017 £82,000, Excellent Condition

Investment/ Improvements in Tonypandy, Exciting 2018 for education in Rhondda Cynon Taf. An exciting year for education in Rhondda Cynon Taf is well underway, with more pupils set to benefit from 21st Century Schools in the new academic year.
The huge £85m education investment in Rhondda and Tonyrefail schools, jointly funded by the Welsh Government’s 21st Century Schools and Education Programme, will see state-of-the-art facilities delivered in Tonyrefail, Porth, Cymmer, Tonypandy, Ferndale and Treorchy.
This along with the easy commute to the school from the property makes Tonypandy a desirable place to live for families and their children. The property is 2.2 miles, an 8-minute drive from the new super school or the 170 bus around the corner from the property at Cwm Clydach Primary School is a 1-minute walk, the journey takes approximately 20 minutes. The education facility will become a 3-16 school on the college site of the current Tonypandy Community College from September 2018 and will be made up of the college along with four other schools: Ysgol Yr Eros, Tonypandy Primary, Penygraig Infants and Penygraig Junior School. The primary element will be a new-build, and the existing school will be remodelled. The development includes new Science, Art, ICT and Technology rooms, two Multi Use Game Areas, a 3G Sports pitch and improved site entry and exit points.
According to the school, the name Nantgwyn was chosen from a number of names in recognition of the Nantgwyn Colliery which operated on the same site more than a century ago. As part of the Naval Colliery Company, Nantgwyn was sunk in 1892 and at its peak, employed 1,300 colliers. “We are very excited about the launch of Ysgol Nantgwyn in September next year and feel the name not only honours the industrial heritage of the area but firmly establishes the school as a new education facility in the Rhondda.”

Regeneration of Tonypandy Town Centre is a £1.5 Million project to stimulate and improve the economic regeneration of the main retail district of Tonypandy centred on Dunraven Street. Tonypandy Town Centre is set to have some major scheme improvements for the benefit of businesses and visitors including the removal of the pedestrianised area to allow through traffic. Proposals for the regeneration include Reintroduction of vehicles to the street, allowing traffic to flow one-way in a northerly direction, which will revoke the current pedestrianised zones at Dunraven Street. Raised footways to ensure a safer environment for pedestrians. Improvements to street furniture. Parking and Loading Laybys. New bus stop. Grants available to businesses to improve shop frontages. These significant works will transform the town centre landscape and encourage greater passing trade. The scheme has already begun in June 2018 and scheduled for completion during Autumn 2018. The next town over, 3.7 miles from Tonypandy is Porth, which has recently welcomed an Aldi supermarket that has created 30-40 full/part-time jobs for the community. 

Schools: Primary- Cwm Clydach Primary School, 0.2 miles, Llwynypia Primary School, 1.1 miles, Tonypandy Primary School 1.5 miles Secondary- Tonypandy Community College, 2.2 miles
Transport: Cardiff is a 20.9 miles (39-minute) drive or 20.1 miles (35-minute) to the "up-and-coming" Merthyr Tydfil. The M4 corridor is just 10 miles away giving plenty of flexibility for travel.
Train Stations: Tonypandy 1.7 miles, Llwynypia 2.0 miles, Dinas 2.3 miles. A train from Tonypandy to Cardiff Central takes an average of 1 hours 3 minutes.
Supermarkets: Asda 1.8 miles with a Petrol Station and McDonalds. Lidl, Farmfoods, KFC and Aldi (brand new opened in July 2018) are all within metres of each other and 3.3 miles from the property, giving locals plenty of option for choice and affordability. Hospital: Ysbyty Cwm Rhondda
Hospital 2.3 miles and Royal Glamorgan Hospital, Llantrisant 7.8 miles away. Leisure/Entertainment: Clydach Vale Countryside Park 1.2 miles, Bronwydd Swimming Pool 3.5 miles, Showcase Cinema 11.5 miles, Porth Harlequins Rugby Football Club 4.4 miles.