Property Information:  Based in beautiful Beaufort, considered one of the poshest parts of this area and property prices hold very well. Very desirable area to live. Very close to the theatre and local shops on the main road. Easy commute on to Heads of Valleys bypass dual carriageway. Minutes to Ebbw Vale town centre and the train station.

From the front door, which is at the side of the house, enter into hallway. Doorway through to the main living area which is a kitchen/lounge double room space. The property has new electrics and a new system boiler. It also has a new kitchen. Plenty of space for small table and chairs and a sofa. There is also a breakfast bar so could add stools.
From the hallway go up the stairs, there is a small double bedroom, single bedroom, cupboard on landing and bathroom.
This property does not have a garden, however there is allocated parking at the rear for two vehicles. Would suit professional couple as then second bedroom can be used for storage or home office. Or would suit sharing friends. There is a park nearby and lots of outdoor space for walking/exercise/running.

Property Address: Beaufort, Ebbw Vale. NP23

Number of Bedrooms (current):  2

Is there potential to add a bedroom?: No

Reception Rooms: 1

Bathrooms/shower-rooms: 1

Property Asking Price: Guide Price £65,000 - £75,000 (was originally advertised at £80,000)

Agreed Sale Price: £61,500

Fair Market Value (DUV): £85,000

Comparable 1: https://www.rightmove.co.uk/properties/84345094#/ for sale £99,950

Comparable 2: https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=42900602&sale=90435246&country=england SOLD £85,000

Comparable 3: https://www.rightmove.co.uk/properties/76558162#/ SSTC £99,000 (but has separate kitchen and garage,but no garden)

If no comparables, please state why there are no direct comparables: https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=81159149&sale=56437664&country=england SOLD £120k
https://www.rightmove.co.uk/properties/80271451#/ for sale £105k, 3 beds
https://www.rightmove.co.uk/properties/85242802#/ for sale £120k, 2 beds but separate kitchen and garden
https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=70359799&sale=10552324&country=england Sold £142k, 2 beds, upstairs balcony, no garden
https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=50780933&sale=10010641&country=england SOLD £100k, 2 beds, separate kitchen and small garden

Market Status: Sale Secured by Sourcing Agent

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 portfolio?: No

Exit Strategy 1: BTL

Exit Strategy 2: Commercial

Exit Strategy 3: Cash Purchase Flip (or bridge)

If HMO strategy please select: N/A

Potential Target Demographic: Professionals

Refurbishments Required

Estimated Refurbishment Costs: Budget around £3,000

Small skip or hire a van for the day
Rip out
Replace carpets in bedrooms
replace carpet in main reception room
Add trvs to 3 radiators/gas safety
Strip wallpaper in bedrooms
Tidy up paint work/decorate
Deep clean

Estimated Refurbishment Costs: £3,000

Flip Figures - Purchase Price: £61,500

Refurb Costs: £3,000

Flip Figures (Buy, Renovate, Sell)

Purchase Price: £61,500

Refurb Costs: £3,000

Entry Legal Costs: £1,000

Exit Legal Costs: £1,000

Stamp Duty: £1,845

Survey Costs: £325

Broker Fee: £400

SMP Consultation Fee: £2497

Estimated 6 months bills costs: £250

Estate Agent Selling Fees: £1,065

Total Costs for investor: £24,826

Re-sale price (DUV): £85,000

Estimated Flip Profit: £11,983

BTL Figures (Buy to let)

Purchase Price: £61,500

Refurb Costs: £3,000

Legal Costs: £1,000

Stamp Duty: £1,845

Survey: £325

Broker Fee: £400

SMP Consultation Fee's: £2,497

Estimated Rental Income: £475pcm

New Mortgage: £185.94

Stress Test Mortgage: £265.63

Estate Agent Rates: £47.50

MOE: £47.50

Cash Flow Most Likely: £194.06

Cash Flow Stress Test: £114.38

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: Beaufort is a desirable area within the region of Ebbw Vale., Nestled in the hills at the top of the Heads of The Valleys Road, which offers excellent links to Abergavenny and the South. The area has excellent schools and facilities such as a leisure centre in the nearby Ebbw Vale and a newly refurbished cinema in Brynmawr's market square where a weekly local market is held.
Ebbw Vale can be found a few miles down valley, and is most famous for its old Steel Works site, which is currently being regenerated and the old site will soon hold the new hospital, and railway station direct to Cardiff, bringing valuable links to the city. Beaufort is a popular town for young families as it offers a fantastic sense of community spirit, with families often choosing to stay in the area indefinitely.
Heads of the valleys road infrastructure is being made into dual carriage way all the way to Merthyr Tydfil. The A465 dual carriageway between Gilwern and Brynmawr is scheduled for completion end 2018. The latest phase of the Heads of the Valleys road infrastructure project is costing around £220m.
So far Section 1 between Abergavenny and Gilwern, Section 3 between Brynmawr and Tredegar, and section 4 between Tredegar and Dowlais Sections 5 and 6 are scheduled to be completed in 2020.
Much of it is already done but it's not yet complete.
Here's a link to the works going on: https://www.walesonline.co.uk/business/business-news/how-key-section-heads-valleys-11765260
Nearest rail link is Ebbw Vale – 1.9 miles
Entertainment/Leisure - Great selection of local bars, restaurants and a cinema. Ebbw Vale sports centre has some great facilities including a gym, swimming pool with diving facilities and can host a range of events which have included The Royal Shakespeare Company, Mixed material Arts Events, Swimming Galas and is just 3 miles.
A number of restaurants are within 5 miles of the property. There is a Halfords, Asda superstore, Tesco, Morrisons, public parks, Golf club, Rugby/Football club and Cinema within a few miles of the property, offering great amenities and leisure in close proximity to the property. Local theatre and Beaufort Hill Ponds and Woodlands.
Accommodation Premier Inn 3 star 1.8 miles. The town of Ebbw Vale is 2 miles (8-10 minutes drive) has lots to offer like any other town and has train stations that get you to Cardiff central in 1 hour.
SCHOOLS
• Beaufort Primary School 1 mile
• Glyn Coed 0.6 mile
• Rhos y Fedwen 0.7 miles
• Willowtown Community 1.4 miles
• Ebbw Fawr Learning Community - Secondary super school 1.9 miles

Nearest Train Station: Ebbw Vale Town Station 2 miles (6 mins), Ebbw Vale Parkway 3.5 miles (7 mins in car),

Any key journey times: Ebbw Vale 1.8 miles, 5 mins
Brynmawr 1.8 miles 5 mins
Merthyr 9 miles 15 mins
Abergavenny 11 miles 18 mins
Newport 23 miles 36 mins
M4 23 miles 36 mins

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 £2497(inc VAT) which is paid on completion of the sale. A £249 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. Therefore 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