Strong Cash Flow £232 in Mountain Ash, South Wales

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sold out

Strong Cash Flow £232 in Mountain Ash, South Wales

199.00

Secure this investment for £199

Figures in Brief
Asking Price: £58,950
Sale Agreed at: £47,500
Refurb Costs: £20,000
Estimated Done Up Value: £90,000
Flip Profit: £12,390
Cash Flow: £232

This 2-bed mid terraced house was once a much-loved family home for many years, it is now quite dated and in need of some updating and modern features. It has the potential to be turned back into a 3 bedroom property. It's set back off the main road providing a private pathway that is shared with the neighbour, it also boasts it's very own front garden, giving residents a view of the Cynon Valley. As you enter there is a separate hallway that leads into the large reception room which at one time would have been 2 separate rooms. It also has an under stair storage cupboard. To the back is a medium sized kitchen with a window view of the back garden. The back garden is low maintenance and has 2 sheds. Upstairs the property consists of one double bedroom with 2 large windows with views to the front of the property of the valleys, the second double sized bedroom has a window to the back with views of the garden and neighbouring houses. The bathroom is situated to the back of the property, it's a 3 piece with sink, toilet and bath.

Add To Cart

Flip Figures:

Purchase Price: £47,500
Expected Re-Sale: £90,000
Refurb Costs: £20,000
Entry Legals: £1200
Exit legal costs: £1200
Stamp Duty: £1425
Survey: £280
Broker Fee: £400
Source Fee: £1997
6 months of bills and mortgage: £1020
Estate agent selling fees: £2050

Total Costs: £77,072
Profit on sale: £12,928

BTL Figures:

Estimated Monthly Mortgage: £168.75 (based off 3% on 75 LTV of £90,000)
Rental Income: £495
Letting Fees: £44
MOE: £44
Cash Flow 5% worst case: £119
Cash Flow 3% most likely: £232
Money Left in: £6,856

Years to money repaid: 2 years 5 months

Comparables:

56 Woodland Street - SOLD £89,995 September 2017
112 Woodland Street - SOLD £95,000 March 2017
1 Cadwaladr Street - SOLD £84,000 Oct 2017

Refurbishment works required:

  • Rip Out
  • Re-wire
  • Re-Plaster
  • New Kitchen and tiles
  • New Bathroom and tiles
  • Boiler Conversion
  • Paint and Decorate
  • Carpet and Flooring
  • Internal Doors
  • Front and Back Door
  • Create 3rd bedroom
  • Garden (make good)


Area Description:

Mountain Ash is a town and community in the Cynon Valley, within the County Borough of Rhondda Cynon Taf, Wales. The town lies about 4.5 miles South of the town of Aberdare and approximately 19 miles Northwest of Cardiff.

Travel and Transport - This 2-bed property is walking distance to some local shops, butchers and supermarkets. It is also within close proximity to Mountain Ash train station (0.4 miles) and just 1 mile from Fernhill Train Station, making it desirable to those who travel by train. Cardiff City Centre is a 50-minute train journey, on an average weekday, there are 36 trains per day travelling from Mountain Ash to Cardiff Central. Council Investment - The A4059 is just minutes from the property and 3.6 miles from the A470 which takes you straight into Cardiff City Centre within 35 minutes (19.5 miles). Rhondda Cynon Taf Council have begun significant works on the A4059/Cwm Cynon Industrial Estate junction for the major phase of the Mountain Ash Cross Valley Link Scheme. The flagship Scheme, to be delivered in 2019/20, will see a 60-metre bridge built from the industrial estate to Miskin Road – over the river and Aberdare-Cardiff railway line. £270,000 improvements to the Cardiff Road junction will provide a key link for traffic on the A4059 and B4275, relieving congestion at the existing Mountain Ash bridge and the wider Cynon Valley corridor. Hospital - The Ysbyty Cwm Cynon Hospital is 1 mile away, which opened in 2012 replaced the old Mountain Ash General Hospital.

Schools - Primary, 1) Caegarw Primary 0.3 miles Adequate Ofsted, 2) Darrenlas Primary 0.4 miles Adequate Ofsted, 3) Our Lady's R.C Primary 0.5 miles Good Ofsted.
Secondary, 1) Mountain Ash Comprehensive School 1 mile Good Ofsted, 2) Afon Taf High School 2.4 miles Good Ofsted.

Entertainment- Abercynon Sports Centre is 3.6 miles away from the property, perfect for swimming lessons, children and adults, classes and gym, sports hall hire and children parties. Cynon Valley Indoor Bowls Centre 0.6 miles away.