The perfect BTL or Flip in Merthyr Tydfil

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sold out

The perfect BTL or Flip in Merthyr Tydfil

199.00

Reserve this opportunity for an initial investment of £199!

This 3 bedroom mid terrace property is of a good size for a family and in need of a complete rip out and replace with modern features. The property consists of two spacious reception rooms, a small sized kitchen with a window view of the back garden, a door leads from the kitchen into the levelled garden, the downstairs bathroom has a toilet, sink and bath with a window view of the back garden also. Upstairs is bedroom one, a double sized bedroom with garden views to the back of the property, bedroom two is another double sized room with street views to the front of the property and the third bedroom is a single sized room with street views to the front of the property. A floor to ceiling cupboard is located on the landing containing the old water tank.

Add To Cart

This property has been empty for over 6 months, this property is therefore eligible to receive a 0% loan from Merthyr Tydfil Council of up to £25,000 for renovations and repairs to get the property back into a rental condition or sellable condition. The loan would need to be paid off within 3 years if renting out which means the investor could be leaving none of their own money in. If being sold on the money would need to be paid back within 2 years or upon sale.

Figures in Brief

Asking Price: £52500
Agreed Sale Price: £42000
Done Up Value Estimate: £8700
Comparable 1: Same Street, Dowlais, CF48 3PU - March 2017 - SOLD 85K
Comparable 2: Same Street, Dowlais, CF48 3PU - June 2015 - SOLD 87,500
Comparable 3: 1/2 mile, 22 Muriel Terrace, Dowlais, CF48 3PB - Oct 2017 - SOLD 90K
Refurb Costs: £25000 (worst case)

Flip Profit: £10645
Cash Flow: £221

Refurbishments Required

  • Complete rip out
  • Skim Walls
  • Partial Re-Wire
  • New Kitchen and tiles
  • New Bathroom and tiles
  • Front and Back Door
  • Double Glaze windows x8
  • Internal Doors x8 and x1 cupboard door under stairs
  • Boiler Conversion and Pipework
  • Clear Garden and make good
  • Carpets and Flooring
  • Paint and Decoration

Flip Figures:

Purchase Price: £42,000
Expected ReSale price: £87,000
Refurb costs: £25,000
Entry legal costs: £1200
Exit legal costs: £1200
Stamp Duty: £1260
Survey: £280
Broker Fee: £400
Source Fee: £1997
6 months of bills: £960
Estate agent selling fees: £1980
Total Costs: £76,277

Profit on sale: £10,700

BTL Figures

Estimated Monthly Mortgage: £163.13
Rental Income: £475
Letting Fees: £42.75
MOE: £47.5
Cash Flow 5% worst case: £112.88
Cash Flow 3 most likely: £221.63
Money Left in: £7,920

Years until money repaid: 3

Area Description

Merthyr Tydfil is a large town in Wales with a population of about 63,546, situated approximately 23 miles North of Cardiff. At one time the largest town in Wales, Merthyr Tydfil is today the country's fourth largest urban area by population. Public transport links to Cardiff are being improved from 2017 with £19m being invested to improve transport from Merthyr Tydfil to Cardiff by running trains every half hour into the Capital. Merthyr Tydfil bus station is located to the North of the town centre, with plans underway (2015) to relocate it nearer to the railway station and create a transport hub.

Shopping/Leisure: ASDA Superstore and Lidl 0.8 miles, Tesco Extra 3.4 miles, Cyfarthfa Retail Park 5.1 miles - Constructed in 2005 containing big brand names including Debenhams, B&Q, New Look, Next, River Island, T.K.Maxx, Argos and more, restaurants include Costa, KFC, Pizza Hut and McDonalds - open 7 days a week 8am-11pm with free parking all year round. Merthyr Tydfil Leisure Village 6.3 miles - includes a swimming pool, bowling, VUE Cinema and a number of restaurants including Frankie and Benny's, Nandos, Harvester, McDonald's and more, it also boasts free parking.

Schools:
1) Dowlais Primary School 0.3 miles Good Ofsted,
2) St Illtyds Roman Catholic Primary School 0.7 miles Good Ofsted,
3) Gellifaelog Primary School 0.9 miles Good Ofsted,

1) Cyfarthfa High School 2.3 miles Adequate Ofsted
2) Bishop Hedley Secondary School 2.6 miles Adequate Ofsted,
3) Pen-Y-Dre Secondary School 2.7 miles Adequate Ofsted.

Hospital: Prince Charles Hospital 2.9 miles, Keir Hardie University Health Park 5.1 miles
Colleges: Merthyr Tydfil College 2.7 miles - providing a range of courses from GCSEs, A Levels, BTECs , Apprenticeships and Access Courses. Also offering a limited provision of higher education courses in conjunction with the University of South Wales.

Tourism: Merthyr Tydfil is just south of the Brecon Beacons National Park, and this, along with its rich history, means it has huge potential for tourism. National Cycle Route 8 passes through the town. The Brecon Mountain Railway is easily accessible by cycle and car.

Travel: 2-minute drive to the A465, head East for 3.5 miles to reach the A470, from there you can head North to the Brecon Beacons. The A4060 is a 2-minute drive also, this takes you South of Merthyr Tydfil where you will shortly after joining the A470 and head towards the capital. Cardiff is approximately 35 minutes drive South of Merthyr Tydfil.

Trains: Merthyr Tydfil train station 3.4 miles - On an average weekday there are 48 trains per day travelling from Merthyr Tydfil to Cardiff Central and Cardiff Queen Street with an average journey time of 1 hour.

Buses: The main operator of public transport in Merthyr Tydfil is Stagecoach. The company operate local services as well as services out of the County Borough such as Newtown and Cardiff.

Businesses: The Big Heart of Merthyr Tydfil - Businesses and organisations voted to introduce The Big Heart of Merthyr Tydfil Business Improvement District (BID) back in 2012. In the subsequent period, the BID has played a big part in the many positive changes that have transformed Merthyr Tydfil. During that time it has invested over £900,000 into the town centre. It has worked with businesses, public and third sector partners to make the town a more welcoming, attractive and safe place to visit, work and crucially to run a business. The BID will invest a further £800,000 into the town centre between 2017 and 2022.

Dwr Cymru/Welsh Water, Treharris based - employs more than 2,800 in Wales and Herefordshire, and supports another 3,000 in its supply chain. While ownership could theoretically change at some point in the future, the nature of the water business means there will always need to be people on the ground maintaining its extensive infrastructure.