Swansea offers £15k profit or all money out in 4 years!

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sold out

Swansea offers £15k profit or all money out in 4 years!

199.00

Reserve this investment for £199

(Remainder of fee due on completion)

Property Summery: This is a 2 bedroom mid-terrace cottage. The property is in need of improvement but has lovely charm and potential. On the ground floor is an open planned living area with room for a dining table leading to the kitchen and bathroom. The 2 bedrooms are located on the first floor. The plot offers rear access with hard standing which is currently overgrown.


Asking Price: £69,950

Agreed Sale Price: £65,000

Done Up Value Estimate: £115,000

Refurbishment Budget: £25,000

Potential Profit: £15,197

Add To Cart

Buy and Sell Figures (Flip)

Purchase Price: £65000.00
Refurb costs: £25000.00
Entry legal costs: £1200.00
Exit legal costs: £1200.00
Stamp Duty: £1950.00
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: £99003.00
RESALE PRICE: £115000.00
Profit: £15,997

Comparable(s) 

Here you will notice that our comparable's are much higher than our own anticipated sale price. This takes into account the size of properties and extensions plus gardens etc. However, we do believe this property has an even higher end sale value that we predict, but we would rather ensure more profit than less. 

Comparable 1: Breconia, 54 Swansea Road Llangyfelach, SA5 7JA - SOLD for £142,500 on 26/04/18

Comparable 2: 33 Swansea Road, Llangyfelach, SA5 7JA - SOLD for £180,000 on 21/12/17

Comparable 3: 31 Swansea Road, Llangyfelach, SA5 7JA - SOLD for £220,000 on 14/12/17

Refurbishments Required

We have given a large refurb price in order to allow flexibility for our clients and pre-empt any alterations you may wish to do. We don't for-see the full £25k being used however this is a full possibility for a quality refurb. 

Rip Out
Full re-wire
Full re-plaster
Full new kitchen fit
Central Heating upgrade
Full new bathroom fit
Paint and Decorate
Quality Carpet and Floor

Buy to Let Figures (BTL)

Purchase Price: £65,000.00
Deposit required 75% LTV: £16,250.00
Refurb costs: £25,000.00
Legal costs: £1,200.00
Stamp Duty: £1,950.00
Survey: £280.00
Broker Fee: £400.00
SMP Consultation Fee: £2,997.00
6 months of bills: £750.00
6 months mortgage: £1,462.00

Total required: £50,289.00

Rental income: £500.00
Morg Rate  3% = New Morg  £215
EA rate  9% = EA  £45
MOE rate  9% =  MOE £45
Cashflow:  £195

Money left in: £11,058
All repaid in 4 years 7 months. 

Area Information

Area Description: Llangyfelach is a village and community located in the City and County of Swansea, Wales.
Llangyfelach is situated about 4 miles north of the centre of Swansea, just West of Morriston.
Bordering the village to the north is the M4 motorway Junction 46. The village has its own primary school, crematorium, a former post office, The Plough and Harrow Pub & a Scout Hall.
There are proposals to develop a new 18 Hole Championship golf course and leisure complex near the village called Royal Fern Park. In August 2008, it was announced that the plan was approved by the local council and will not be blocked by the Welsh Assembly. Part of the development will include residential housing and a clubhouse with fitness and leisure facilities.
Situated in the neighbouring village of Morriston is Morriston hospital. The hospital is a 750-bed hospital located in Cwmrhydyceirw, near Morriston. It is the largest hospital in the City and County of Swansea.

Housing Types

Detached: 154
Semi-Detached: 18
Terraced: 12
Flat (Purpose-Built): 0
Flat (Converted): 0
Residence in Commercial Building: 2

Total: 186

Economic Activity

Full-Time Employee: 132
Part-Time Employee(defined as 30 hours or less per week): 56
Self Employed: 45
Unemployed: 2
Full-Time Student(with or without job): 27
Retired: 57
Looking After Home or Family: 9
Long-Term Sick or Disabled: 19
Other: 2

Total: 349

Employment Industry

Manufacturing: 16
Water SupplyInc. Sewage and Waste Management: 3
Construction: 21
RetailInc. Wholesale: 41
TransportationInc. Storage and Logistics: 6
Accommodation and Food: 10
Information and Communication: 8
Financial ServicesInc. Insurance: 11
Real Estate: 5
Professional, Scientific and Technical: 10
Administration: 7
Public Administration and Defence: 34
Education: 26
HealthInc. Social Work: 30
OtherInc. Arts, Recreation etc.: 10

Total: 23

For more interesting area stats please visit https://www.streetcheck.co.uk/postcode/sa57ja

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 £2997 which is paid on completion of the sale. A £299 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.