🏡 A larger than average 2 bedroom traditional terraced house with good links to the city centre and its associated amenities, including beaches.

We are thrilled to present a spacious terraced property with the option to simply modernise for rental purpose, or to remodel, bringing bathroom / toilet upstairs to maximise income (recommended).

This property is being sold through the 'modern method of auction sale' method.   As a client of Tiger Burrows the agent (iamsold) will recommend your offer of £53,00 plus auction fees (£6,600 + £300 information pack fee = £6900) without the need to bid in a traditional auction style.  Your offer, if accepted will become binding, and a deposit must be paid.  The purchase must complete within 56 days, a time scale which will allow you to access for finance to be used should you wish.  We will be able to send legal packs and terms and conditions

Key Features:

• Location: Llandore, Swansea

• Deal Source: Directly negotiated with the vendors agent

• Condition: Requires modernisation throughout, with new kitchen and bathroom.

• Rental property: This property is common of the town centre housing stock, and is commonly rented.  It is expected to bring in a minimum  rental income of £825 per month.

• Market Value: The property can be secured at a below value rate. The property is guided at an action price of £72,000 + fees, with an eventual market value of £120+.  We are confident a pre auction offer of £59900 (including fees) will be accepted.

Area Overview:

• Situated in Landore a residential area built in victorian times , the housing stock, although aging, is normally robust construction ensuring long-term durability and value.

Financial Snapshot:

• Pre Auction (modern auction style) Sale Price: £59,900

• Estimated Value: £120 - £125,000

• Potential Rent: £825-850 per month

This investment promises the option of a flip or rental option. Act now to secure this below-market value opportunity and position yourself for a rewarding investment journey.

Comparable Sales

Comparable sales of 2 bedrooms can vary from area to area in Swansea.

Properties near by sold.

The following properties have recently been sold in the same street

Properties Under Offer

These properties are of similar housing stock and are under offer close by.

Properties Rental

Comparable sales of 2/3 bedrooms can vary from area to area in Swansea.   There is a distinct lack of rental property available at the moment and this is ensuring properties have good occupancy.  A rent of £850 has been used  in the property calculations considering the area assuming the property is brought to a fair condition.  We believe it many rent for more.

Area Information