Commercial Road, Llanhilleth. NP13

Charming 4-Bedroom Property in Abertillery, South Wales – A Fantastic Investment Opportunity

Located on Commercial Road in Llanhilleth, this three-story property offers an exciting chance to secure a spacious home or a lucrative investment. Renovated in 2020, the property features four generously sized bedrooms and two welcoming living rooms, ideal for families or tenants seeking comfortable, versatile living spaces.

The house has been tenanted since its refurbishment, but the most recent tenants have left some wear and tear behind, meaning the property requires a light refresh to bring it back to its full potential. This lack of attention to upkeep has contributed to the property not attracting buyers thus far, as the current market trend shows that new buyers prefer homes that are move-in ready, even at a higher price point.

To address this, builder quotes of £5,000 cover essential repairs, a full repaint, and recarpeting. An additional £3,000 has been allocated to ensure the property is presented to the highest standard, making it more desirable to both buyers and renters. The total estimated renovation cost is £8,000, a modest investment for significant value enhancement.

Priced competitively at £99,500, this property is being offered below market value, presenting an excellent opportunity to either resell for a profit or rent out at approximately £800 pcm.

Set in a vibrant yet peaceful community, the property boasts a family bathroom, ample living space, and a location rich in potential. Its EPC rating of E and council tax band A further underscore its value as a family home or investment.

Don’t miss out—explore the virtual tour and envision this property's potential in the heart of Llanhilleth!

Comparable Properties

Additional Information:

• Sale Secured by Sourcing Agent

• The landlord or co-operate selling off assets: Yes

• HouseFreehold: Yes, seller has more

• Strategy 1: BTL

• Strategy 2: Purchase for Flip

• Strategy 3: Capital Growth

• Property is NOT in any article 4 area and does not currently have an HMO licence from local authority.  Investor needs to apply.

• Target demographic: Families

Renovation Details

• Light Renovation (Already Quoted)
  
  The entire property painted white, including walls, ceilings, and woodwork.
  All holes are to be filled, sanded and made good before painting.
  Replace all carpets with a desirable twist beige carpet.
  Supply and fit a new electric hob in the kitchen.
  Total: £5,780
  

• Additional Work to Enhance Appeal
  
  Replace plug sockets and light switches with modern black or chrome finishes.
  Install directional spot bar light fittings in the kitchen and reception rooms.
  Add painted feature walls in the reception rooms for added character.
  Paint sills and reveals for a polished look.
  Clear and tidy the garden to improve exterior presentation.
  Estimated: £2,220

Total Estimated Renovation Cost: £8,000

These upgrades will ensure the property is presented in its best light, making it highly attractive to both buyers and tenants.

Flip Figures

Purchase Price: £99,500

Refurb Costs: £8000

Entry Legal Costs: £1600

Exit Legal Costs: £1000

Stamp Duty: £4200

Survey Costs: £450

Broker Fee: £0

Tiger Burrows Consultation Fee: £1997

Estimated 6 months bills costs: £750

Estate Agent Selling Fees: £2262

Total Costs for the investor: £119,760 cash. If lending is estimated £43,578 is required.

Re-sale price (DUV): £145,000

Estimated Flip Profit: £23,000

BTL Figures

Purchase Price: £99,500

Refurb Costs: £8000

Legal Costs: £1600

Stamp Duty: £4200

Survey: £450

Broker Fee: £0

Tiger Burrows Consultation Fees: £1997

Estimated Rental Income: £800

New Mortgage: at 5.5% rates: £498.44

Stress Test Mortgage: at 6.5% rates: £589.06

Estate Agent Rates: £80

MOE: £80

Cash Flow Most Likely: £141.56

Cash Flow Stress Test: £50.94