Property Address: Hawthorn Hill, Trefechan, CF48

Property Description: Nestled in the charming area of Merthyr, this semi-detached property at Hawthorn Hill, offers a fantastic opportunity for renovation enthusiasts and investors alike. Originally an ex-council build, the house boasts a solid structure and appealing layout that can be transformed into a beautiful home. While the property requires a full renovation, its potential is immense, with strong sales comparables in the area that highlight the desirability of this street. Surrounding homes are well-presented, adding to the overall appeal of the neighborhood. One of the standout features of this property is the off-street parking available at the front, a rarity on this street that significantly enhances its attractiveness. With an anticipated end value of £170,000 and the potential to generate rental income of £875 per month, this property represents a valuable investment opportunity in a lovely community setting. Don’t miss out on the chance to create a stunning residence in a sought-after location!

Number of Bedrooms (current): 2

Is there potential to add a bedroom?: Yes. We suggest moving the bathroom into the small front room downstairs and converting the large upstairs bathroom into a bedroom. There is still a W/C separate upstairs.

Reception Rooms: 1

Bathrooms/shower-rooms: 2

Property Asking Price: £110,000

Agreed Sale Price: £97,000

Fair Market Value (DUV): £175,000
We anticipate this property selling for north of £175,000. This market value is taken from speaking to the agents and seeing that no properties have sold on this street in a number of years. This further adds to the desirability of this small lovely little estate.

Comparable 1: Sold £2020,000: https://www.rightmove.co.uk/house-prices/details/england-20575840?s=edaf68991ac7c94c4995ba0245d95019f635907803cc840ff224cf0a5fbec069#/

Comparable 2: Sold £220,000: https://www.rightmove.co.uk/house-prices/details/england-20575840?s=edaf68991ac7c94c4995ba0245d95019f635907803cc840ff224cf0a5fbec069#/

Comparable 3: Sold £215,000: https://www.rightmove.co.uk/house-prices/details/england-20575843?s=4cbdf4fd100e1ccc1cdc4859306b87b9158e22d9bd9b402b5346ee04f092f37b#/

Comparable 4: Sold £180,000: https://www.rightmove.co.uk/house-prices/details/england-130221824-19166413?s=996053ff6c8ae8a905a901abf6f1b67405e6fd8185e8e4e3253bb89511765c8d#/

Comparable 5: Sold £169,000: https://www.rightmove.co.uk/house-prices/details/england-137659193-20089069?s=8c8ad73e1f14c637586121ac3f2f00e51ef01cba517ae5701ae380a93dbd5443#/

Comparable 6: Sold £177,000: https://www.rightmove.co.uk/house-prices/details/england-138521594-93996738?s=25ddcb4596f516bbb9c826a4e45d9fc55985514a59be158a732f6a60e9491609#/

Comparable 7: Sold £200,000: https://www.rightmove.co.uk/house-prices/details/england-133231469-19641442?s=b2d1a9c42009c75f63b803ef0d96c85b87c24a879d10262a34ee7db627d15b85#/

Market Status: Open Market

Why is the property being sold?: Deceased Estate

Is the property in a lettable condition: No

Is the sale price negotiable?: No

Property Type: Semi Detached

Freehold or Leasehold: Freehold

Is the property part of portfolio?: No

Exit Strategy 1: Flip

Exit Strategy 2: BTL

Exit Strategy 3: Capital Growth

Potential Target Demographic: Families and first time buyers

Refurbishments Required:

Week 1: Demolition and Preparation

• Rip out existing fixtures and fittings as needed.

• Prepare the site for construction, ensuring all debris is removed and the area is clear.

Week 2: Bathroom Relocation and Bedroom Creation

• Move the bathroom downstairs, ensuring all plumbing and electrical connections are properly installed.

• Create a third bedroom upstairs, framing and preparing the space for finishing.

Week 3: Electrical Work

• Re-wire the property, including the installation of spotlights throughout.

• Ensure all electrical work meets safety standards and is ready for final inspection.

Week 4: Heating Installation

• Install new radiators and Thermostatic Radiator Valves (TRVs).

• Confirm that the new gas boiler is functioning properly and integrated with the new heating system.

Week 5: New PVC Windows and Doors Installation

• Install new PVC windows and doors as necessary, ensuring proper sealing and energy efficiency.

Week 6: Plastering

• Complete plastering throughout the property, including the new bathroom and bedroom, to create a smooth finish for painting.

Week 7: Kitchen Installation

• Install a new contemporary kitchen, including cabinets, countertops, and appliances.

• Ensure plumbing and electrical connections are securely made.

Week 8: Bathroom Suite Installation

• Install a new bath suite in the relocated bathroom, including bathtub, toilet, sink, and any additional fixtures.

• Ensure all plumbing is correctly connected and tested.

Week 9: Off-Street Parking Creation

• Open up and create off-street parking at the front of the property, including any necessary groundwork and paving.

Week 10: Woodwork and Finishing Touches

• Install new woodwork, including doors, skirting boards, and architraves.

• Begin painting and decorating throughout the property to refresh the interior.

Final Week: Flooring Installation and Inspection

• Lay new carpets and flooring in all appropriate areas, ensuring a cohesive look throughout the home.

• Conduct a thorough inspection of all completed work to ensure quality and compliance with standards.

• Address any final touch-ups in painting, flooring, or fixtures before final walkthrough.

This comprehensive schedule now reflects the inclusion of new PVC windows and doors, ensuring a modern and energy-efficient transformation of the property.

Estimated Refurbishment Costs: £40,000 (Tiger Burrows can offer full hands-off renovation management for 10% of the build costs)

Flip Figures

Purchase Price: £97,000

Refurb Costs: £40,000

Entry Legal Costs: £1600

Exit Legal Costs: £1000

Stamp Duty: £3850

Survey Costs: £450

Tiger Burrows Consultation Fee: £2997

Estimated 6 months bills costs: £750

Estate Agent Selling Fees: £2730

Total Costs for investor: £149,377

Re-sale price (DUV): £175,000

Estimated Flip Profit: £25,623 if done in cash. Estimated £20,000 if done with lending.

BTL Figures

Purchase Price: £97,000

Refurb Costs: £40,000

Entry Legal Costs: £1600

Stamp Duty: £3850

Survey Costs: £450

Tiger Burrows Consultation Fee: £2997

Estimated Rental Income: £875

New Mortgage: £546.88 (5%)

Stress Test Mortgage: £656.26 (6%)

Estate Agent Rates: £87.50

MOE: £87.50

Cash Flow Most Likely: £153,13

Cash Flow Stress Test: £43.75

Area Description:

Situated in the peaceful and family-friendly estate of Trefechan, this property benefits from a prime location that offers convenient access to a variety of amenities, making it an ideal choice for both families and investors seeking a profitable flip project.

The neighborhood is well-served by local shops, ensuring that everyday necessities are within easy reach. Residents can enjoy a selection of grocery stores, cafes, and other essential services, promoting a vibrant community atmosphere. For more extensive shopping needs, the nearby town center of Merthyr Tydfil offers a wider range of retail options, restaurants, and entertainment venues.

Families will appreciate the proximity to several reputable schools, providing excellent educational opportunities for children of all ages. The area's commitment to education makes it particularly appealing to young families looking to settle in a nurturing environment.

Trefechan is characterised by its quiet streets and friendly neighbors, creating a serene living atmosphere that contrasts with the hustle and bustle of urban life. This tranquil setting is perfect for those seeking a peaceful lifestyle, while still being close enough to the conveniences of town.

With a strong potential for property appreciation, this area is considered a great investment for a flip project. The combination of a desirable location, access to amenities, and the charm of a quiet estate makes Hawthorn Hill a compelling opportunity for renovators and investors alike. Transforming this property will not only enhance its value but also contribute to the revitalization of a welcoming community.