Unique building with great potential of 3 exits Buy to Let , Serviced Accommodation or Flip (SMP021)

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sale

Unique building with great potential of 3 exits Buy to Let , Serviced Accommodation or Flip (SMP021)

149.00 299.00

Was £2997 - Now £1497 Source Fee

Reserve this investment opportunity for £149

Figures in Brief:
Sale Agreed at: £65,000
Estimated Done Up Value: £115,000
1st exit: Flip Profit: £15,861

2nd exit: Cash Flow (Serviced Accommodation): £498,44
3rd exit: Cash Flow (BTL): £144.44

 Article about this house in Wales online https://www.walesonline.co.uk/lifestyle/welsh-homes/tiny-house-actually-three-storey-16445982

Property Description: This unique semi detached property painted bright yellow when viewed floor the front - has three (i.e, ground floor, first floor and basement) levels. Two small sized bedrooms are on the first floor that is accessed from the stairway from the reception room on the ground floor.
On the ground floor there is a small hallway when you enter the property, with stairs leading to the basement area and to the left the reception area. The kitchen/ dining room area(s) are towards the rear of this unique property. There is a cloakroom at the right and serves as a division of the reception and kitchen area(s).
At the basement area is an open planned area with an enclosed small family bathroom, storage and utility area and external door to the rear.
The property has no garden, which adds to its charm and low maintenance.

Add To Cart

Property Information:

Property Address: Victoria Road, Pembroke Dock, Pembrokeshire, SA72 6XU.

Number of Bedrooms (current): 2

Is there potential to add a bedroom?: No

Reception Rooms: 1

Bathrooms/shower-rooms: 1

Property Asking Price: £72,00

Agreed Sale Price: £65,000

Fair Market Value (DUV): 9.72%

Comparable 1: 39 Wellington Street, SA72 6EJ. £93,000. 06/02/19 https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=66738301&sale=56212169&country=england

Comparable 2: 14 Hill Street, SA72 6QP. £128,000. 17/10/18 https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=73676792&sale=8175724&country=england

Comparable 3: 22 Milton Terrace, SA72 6BJ. £105,000. 21/08/18  https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=64674955&sale=8175697&country=england

It is important to note that 110 sold properties around this street within the last 10 years but we have only included the information for the last 12 months.  We see this as a positive, making this street as desirable  

Market Status: on the market

Why is the property being sold?: Unknown

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: Commercial

Exit Strategy 2: Cash Purchase Flip (or bridge)

Exit Strategy 3: Capital Growth

If HMO strategy please select: N/A

Potential Target Demographic: Investors


Refurbishments Required

Refurbishment Costs: Estimated £23,000

Small Kitchen/ diner area

Bathroom downstairs

2 x Bedrooms: floor, walls, ceiling etc.

Service Combination boilers & radiators.

Re-wire property.

Kerb appeal.

External area/ spaces.

Insulate/ damp proof_ rooms, partitions, ceiling etc.

Basement area: floor, walls, ceiling etc.
The local council in this area are offering a 0% loan of up to £25,000 for properties that have been empty for at least 6 months to bring them back into a liveable condition. Sourcing Agent can provide the information needed to apply for this.

SMP Can project manage the build for 10% +VAT of the refurb amount


Flip Figures (Buy, Renovate, Sell)

Purchase Price: £65,000
Refurb costs: £23,000.00 
Entry legal costs: £1200.00
Exit legal costs: £1000.00
Stamp Duty: £1950

Survey: £450.00
Broker Fee: £400
SMP Consultation Fee: £2997.00

Estate agent selling fees: £1573

RESALE PRICE: £115,000

Profit: £15,861


Serviced Accommodation (SA)

Purchase Price: £65,000
Refurb costs: £23,000
Legal costs: £1200.00
Stamp Duty: £1950

Survey: £ 450
Broker Fee: £400
SMP Consultation Fee: £2997.00
Rental Income: £1072
New Mortgage (3.5%): £251.56
EA Rate (15%): £160.80
MOE rate (15%): £160.80

CASH FLOW: £498.84

Money left in Deal : £10315

Time to money out 1.7 years

When calculating for serviced accommodation, please remember to calculate in your furniture. We recommend using a good lease or a company like Landlord Smart to finance this.


BTL Figures (Buy to let)

Purchase Price: £65,000
Refurb costs: £23,000
Legal costs: £1200.00
Stamp Duty: £1950

Survey: £ 450
Broker Fee: £400
SMP Consultation Fee: £2997.00
Rental Income: £495.00
New Mortgage (3.5%): £251.56
EA Rate (10%): £49.50
MOE rate (10%): £49.50

CASH FLOW: £144.44

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: Pembroke Dock was originally called Paterchurch with a population of over 9,000 (census 2011) and third largest town in the County of Pembrokeshire, after Haverfordwest and
Milford Haven.

* Schools nearby
St. Mary VC Primary School and Pennar Community School, are within 15 minutes (walk). About 0.3 miles and 0.5 miles, distance.

* Fire station, Police station, Hospital nearby.

* Pembroke Castle and birth place of King Henry VII.

* Retail stores: Cooperative, Tesco, Asda, Wilko, Lidl, Aldi stores - within 15 minutes (drive) from property.

* Transport Links. A477 to M4 motorway.
A477 is the main road link to Milford Haven and Haverfordwest, also to Tenby, St. Clears and to M4 motorway.
National Express Bus route, within 15 minutes (drive) from property.
Ferry Port (foot passengers, freight, cars etc.) provides links with Ireland and beyond (about 0.4 miles)
Pembroke Dock railways station is on Gwyther Street, SA72 6HA. (About 0.6 miles).

* Beautiful white sandy beaches within 15 minute (drive) from property at locals like Broadhaven (south), Castlemartin, Freshwater (East) & (West) that have been featured in
Hollywood films like Harry Porter, Robin Hood etc.

* Rich Naval, Military and Royal Air Forces, history e.g. Carew Cheriton Control Tower.

* Norman Castles ruins in the area like Carew and Manorbier Castles. Also, Picton Castle.

* Shops and places to eat and socialise with friends and family.

* Family adventure parks like Folly Farm, Anna Zoo, Heatherton world of activities, Oakwood, Blue Lagoon water and holiday park etc.

* Ironman Wales Tenby, Saundersfoot etc.

Nearest Train Station: Pembroke Dock railways station, Gwyther Street, SA72 6HA. About 0.6 miles

Any key journey times: Swansea (by car it is about 1 hr 15 mins/ 59.8 miles). By train, about 3 hours 20 minutes

Cardiff (by car; it is about 1 hour 50 minutes/ 98.9 miles). By train, about 7 hours.

Bristol (by car; it is about 2 hours 25 minutes/ 136.9 miles). By train, about 8 hours 30 minutes.


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 £2997(inc VAT) 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