We proudly present a prime investment opportunity consisting of two semi-detached properties situated on a generous corner plot in the sought-after village of Pontyberem. This property offers significant potential for renovation and refurbishment, making it an attractive option for investors looking to maximise returns.

Location Advantage

Pontyberem is a thriving community with a strong sense of local pride. The properties are located within walking distance of reputable primary schools, making them ideal for families. The area boasts excellent transport links, ensuring easy access to Llanelli and nearby cities. This accessibility is crucial for professionals commuting to work and enhances rental appeal. With a blend of local amenities, parks, and community centers, the village is well-suited for families, professionals, and even tenants on income support.

Market Demand

The local rental market is buoyant, with a consistent demand for quality housing. Both properties require full renovations, presenting a unique opportunity to add significant value. Investors can renovate these homes to meet modern standards, thus attracting higher rental yields and increasing resale value. Given the growing population in the area, the demand for rental properties is expected to remain strong.

Investment Potential

This investment offers multiple exit strategies. Investors can choose to flip the properties for a quick profit after renovations, sell one and retain the other for long-term rental income, or refinance to keep both properties while benefiting from the increased equity. The potential return on investment is compelling, especially considering the upward trend in property values within Pontyberem.

Comparable Sales

Recent sales of comparable properties in the area indicate strong market performance, justifying the anticipated end value post-renovation. Properties that have been updated and modernised have sold at premium prices, underscoring the viability of this investment strategy.

Conclusion

With no onward chain, off-road parking, and outdoor space, Hoel y Pac represents a sound investment opportunity. The combination of location, market demand, and potential for value addition makes this property a compelling choice for discerning investors. Don't miss out on the chance to capitalise on this promising venture.

For full area brief, housing occupancy, local information and travel distances visit Area Description: https://www.streetcheck.co.uk/postcode/sa155ea

Number of Bedrooms (current): 5

Is there potential to add a bedroom?: Yes add one downstairs`

Reception Rooms: 2

Bathrooms/shower-rooms: 2

Property Asking Price: £159950

Agreed Sale Price: £150,000

Fair Market Value (DUV): £300,000

Comparable 1: https://www.rightmove.co.uk/properties/151656608#/?channel=RES_BUY

Comparable 2: https://www.zoopla.co.uk/for-sale/property/pontyberem/heol-y-brandy/sa15-5dg/

Comparable 3: https://www.rightmove.co.uk/properties/133752101#/?channel=RES_BUY

Estate agents that are selling this property estimate approximately 150k per unit. Other agents declined to give an estimated valuation. Further comps below:
Only EPC available for 7a, which shows 94 sqm. The other property is estimated to be the same as it has a similar footprint. 

Comparable Property Address Sold Price GIA (m2) £/m2
5 Mynachlog Terrace SA15 5EE - £140,000.00: 111m2, £1,261.26
20 Hoel y Parc (need modernising)- £135,000.00: 108m2 £1,250.00
28 Hoel y Brandy (SA15 5DG) - £145,000.00: 92m2, £1576.09
36 Maesyfelin SA15 5ER - £159,950.00: 88m2, £1,817.61
76 Llanon Road SA15 5NB - £188,000.00: 94m2, £2,000.00
14 Coalbrook Road SA15 5HU - £210,000.00: 92m2, £2,282.61
Average £/m2 £1,697.93

My Property Address GIA (m2) Value
7 & 7a Hoel Y Parc 180 = £305,627.12

Market Status: on the market

Why is the property being sold?: Sale identified by sourcer (open market)

Is the property in a lettable condition: No

Is the sale price negotiable?: No

Property Type: House

Freehold or Leasehold: Freehold

Is the property part of portfolio?: No

Exit Strategy 1: BTL

Exit Strategy 2: Cash Purchase Flip (or bridge)

Potential Target Demographic: Families

Refurbishments Required: 

Phase 1: Initial Assessment and Planning (Weeks 1-2)

• Conduct a thorough inspection of both properties.

• Develop detailed plans and designs for renovations.

• Obtain necessary permits and approvals.

Phase 2: Demolition and Gutting (Weeks 3-4)

• Remove all existing fixtures, fittings, and finishes.

• Strip down to the bare walls, including removal of outdated plumbing and electrical systems.

Phase 3: Structural , stud walls and insulation Repairs (Weeks 5-6)

• Stud walls, insulation and boarding

• Address any additional structural issues that may arise during the gutting phase.

Phase 4: Electrical and Plumbing (Weeks 7-8)

• Rewire both properties to meet current safety standards.

• Install new plumbing systems, including piping for kitchens and bathrooms.

Phase 5: Heating Installation (Weeks 9-10)

• Install modern heating systems to enhance energy efficiency and comfort.

Phase 6: Interior Refurbishment (Weeks 11-14)

• Plastering throughout both properties for a clean finish.

• Install new kitchens and bathrooms with high-quality fixtures and fittings.

• Fit skirting boards and internal doors to complete the interior aesthetics.

Phase 7: Flooring Installation (Weeks 15-16)

• Lay new flooring throughout both properties, selecting durable and attractive materials.

Phase 8: Exterior Works (Weeks 17-18)

• Complete garden fencing to separate each property, ensuring privacy and enhancing curb appeal.

• Conduct any necessary landscaping to improve outdoor spaces.

Phase 9: Final Touches and Inspections (Weeks 19-20)

• Conduct a final inspection to ensure all works meet standards.

• Address any minor touch-ups or adjustments.

• Prepare properties for marketing or tenant occupancy.

Conclusion

This renovation schedule outlines a comprehensive plan for the full refurbishment of Hoel y Pac. With an estimated budget of £90,000, the project will focus on delivering high-quality finishes and modern amenities, ultimately maximizing the properties' market value and rental potential. This figure includes professional project management.

Estimated Refurbishment Costs: £90,000

Flip Figures

Purchase Price: £150,000

Refurb Costs: £90,000

Entry Legal Costs: £1000

Exit Legal Costs: £1000

Stamp Duty: £7500

Survey Costs: £350

Tiger Burrows Consultation Fee: £4997

Estimated 6 months bills costs: £750

Estate Agent Selling Fees: £4320

Total Costs for investor: £235,500

Re-sale price (DUV): £300,000

Estimated Flip Profit: £49,500

BTL Figures

Purchase Price: £150,000

Refurb Costs: £90,000

Legal Costs: £2000

Stamp Duty: £7500

Survey: £350

Tiger Burrows Consultation Fee's: £4997

Estimated Rental Income: £1750

New Mortgage: £656.25

Stress Test Mortgage: £937.50

Estate Agent Rates: £170

MOE: £170

Cash Flow Most Likely: £743

Cash Flow Stress Test: £462