This deal is back on the table. We now have a RICS survey for the property and a fixed renovation quote from one of our top build teams. Based on the survey, we have prepared a detailed schedule of works, which has been quoted. The build team is also available to commence the renovation in March 2025, aligning perfectly with the property completion timeline.

Property Address: Pembroke Doc, SA72

Property Description: Investment Opportunity in Pembroke Dock, West Wales

This three-bedroom property presents an ideal opportunity for those looking to invest in a high-potential flip or Buy-to-Let (BTL). Situated in a desirable town-center location, it offers a solid foundation for transformation into a modern, profitable asset.

Key Features

Two Living Rooms (first floor)
Kitchen (ground floor)
Bathroom with WC (ground floor)
Two Double Bedrooms and One Single Bedroom (first floor)
West-Facing Enclosed Garden
Partial Central Heating
Double Glazing
Small Basement Space
The property is in need of renovation, and we have allocated a comprehensive budget to achieve a fully modernised finish. Our experienced local build team is ready to complete the work within a set timeline and budget, ensuring quality results and high market appeal.

Once renovated, the property is projected to reach a market value of £165,000 with an estimated rental income of £950 pcm. Supported by strong local sales comparables (up to £190,000 within a 1-mile radius), this investment is well-positioned for solid returns—whether flipped for profit or retained for rental income.

Number of Bedrooms (current): 3

Is there potential to add a bedroom?: No

Reception Rooms: 2

Bathrooms/shower-rooms: 1

Property Asking Price: £89,950

Agreed Sale Price: £75,000

Fair Market Value (DUV): £165,000

Comparable Sales

Comparable 1: 25 Princes Street, SA72 6XT - Sold £178,000 on 31/05/24, distance from this property, 0. 70 miles - https://www.zoopla.co.uk/property/uprn/100100299639/?design=variation

Comparable 2: 54 Arthur Street, SA72 6EN - Sold £195,000 on 03/05/24, Distance, 1. 00 miles - https://www.zoopla.co.uk/property/ uprn/100100297242/?design=variation

Comparable 3: 73 Laws Street, SA72 6DQ- Sold £155,000 on 19/12/23, Distance 0. 50 miles - https://www.zoopla.co.uk/property/ uprn/100100298781/?design=variation

Comparable 4: 45 Church Street, SA72 6AR, Sold £190,000, On 29/09/23 Distance 0. 60 miles - https://www.zoopla.co.uk/property/ uprn/100100297776/?design=variation

Comparable 5: 36 Lewis Street, SA72 6DD, sold £165,000 on 19/07/23, distance, 0. 10 miles - https://www.zoopla.co.uk/property/ uprn/100100298849/?design=variation

Further supportive Comparable Sales on the market:

Market Status: on the market

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

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 a portfolio?: Unknown

Exit Strategy 1: Cash Purchase Flip (or bridge)

Exit Strategy 2: BTL

Exit Strategy 3: Capital Growth

If HMO strategy please select: N/A

Potential Target Demographic: Families

Refurbishments Required: 
Rip out - £2,500
Waste removal - £2,500
Back door Lintel - £500
Basement area - £1,500
Replace joists in ground floor over basement: £2500
NEW front door - £1,000
Extension roofing - £2,500
NEW Bolier - £5,500
Electrical rewiring - £3,500
Carpentry e.g. skirting boards, architrave, window casing etc. - £2,500
Ceiling plaster boards and Plastering - £3,500
Bathroom e.g. extractor fans, wall panels, lighting etc. - £4,000
Kitchens e.g. extractor fans, splash back, lighting etc. - £6,000
Floorings e.g. linoleum flooring, carpeting etc. - £4,500
Painting and decorating - £3,000
Kerb appeal e.g. painting - £1,500
Garden area - £3,000
Japanese Knot Weed investigation/ treatment plan if required £2,500

Total: £48,000
Project management (if requested) - £4997
Final Total: £53,000
(Tiger Burrows offers full hands-off project management for the entire renovation. The PM fee’s are 10% of the build costs. The fee’s have been built into this renovation quote. If you decided to use your own build team and self manage you can reduce your figures by £4997)

Estimated Refurbishment Costs: £53,000 (Including project management)

Flip Figures

Purchase Price: £75000

Refurb Costs: £53,000

Entry Legal Costs: £1600

Exit Legal Costs: £1000

Stamp Duty: £3000

Survey Costs: £450

Broker Fee: £0

SMP Consultation Fee: £1997

Estimated 6 months bills costs: £750

Estate Agent Selling Fees: £2574

Total Costs for investor: If cash £139,371 and if lending estimated £77,090

Re-sale price (DUV): £165,000

Estimated Flip Profit: If Cash Profit: £25,629 and if lending estimated £22,000

BTL Figures

Purchase Price: £75000

Refurb Costs: £53,000

Legal Costs: £1600

Stamp Duty: £3000

Survey: £450

Broker Fee: £0

SMP Consultation Fee's: £1997

Estimated Rental Income: £950

New Mortgage: at 5.5% rates: £576.19

Stress Test Mortgage: at 6.5% rates: £670

Estate Agent Rates: £95

MOE: £95

Cash Flow Most Likely: £244

Cash Flow Stress Test: £89.90

Area Description: Area Overview: Pembroke Dock, SA72

Situated in the heart of Pembroke Dock, Lewis Street offers a convenient and accessible location ideal for families, professionals, and retirees alike. Pembroke Dock is a vibrant, close-knit community known for its historic charm, with a diverse mix of housing options from traditional terraced homes to modern apartments.

Local Amenities and Accessibility

Schools: Families with school-age children will appreciate the proximity to several well-regarded schools. Pembroke Dock Community School is only a 10-minute walk away, making school runs easy. Secondary schools, such as Pembroke School, are a short 10-minute drive, offering easy access to quality education for all ages.

Healthcare: For healthcare needs, South Pembrokeshire Hospital is located approximately 1.5 miles away, just a 5-minute drive, providing a range of medical services close to home. GP surgeries and pharmacies are also nearby, ensuring comprehensive care within a few minutes’ reach.

Shops and Services: Pembroke Dock offers a variety of local shops, supermarkets, and essential services. A quick 5-minute drive takes you to Pembroke Dock Retail Park, which includes major supermarkets like Tesco and Asda, as well as other popular retailers. The town center is within walking distance, providing access to local cafes, banks, and independent shops.

Property Types and Demographics

The area around Lewis Street features mainly Victorian and Edwardian terraced houses, often sought after by families and young professionals for their character and affordability. There are also newer apartment developments, which attract both retirees and single professionals, adding to the diversity of the community. With a balanced mix of families, working individuals, and long-term residents, Pembroke Dock enjoys a friendly, community-oriented atmosphere, making it an appealing place to settle or invest.

Overall, Lewis Street benefits from a central location that combines the convenience of nearby amenities with a welcoming community feel, making it an excellent choice for residential living or investment purposes.