Property Address: Merthyr Tydfil, SA47

Please note this is a corporate sale of a repossessed property. That means the property will remain available on the market until you exchange contracts. It is worth noting that we are in a strong position and I don’t foresee an outbid coming in. Usually once a sale is agreed it must be a significantly higher offer for the corporation to accept this.

We are pleased to present this corporate sale of a repossession, offering a fantastic investment opportunity in the heart of Merthyr Tydfil. This charming 3-bedroom house is perfect for those looking to make a mark in the property market. While the home requires a standard basic renovation to bring it back to life, its potential is substantial, making it an ideal project for investors and homebuyers alike.

Schools: The property is conveniently located near several reputable schools, including Goetre Primary School and Merthyr Tydfil Comprehensive School, which cater to families and provide quality education options.
Shops: Residents will enjoy easy access to a variety of local shops, supermarkets, and retail outlets, ensuring that daily necessities are just a short walk or drive away.
Transport Links: The property benefits from excellent transport links, including local bus services and a nearby train station that connects Merthyr Tydfil to Cardiff and other major cities, making it an ideal location for commuters.


This property presents a wonderful opportunity to transform a house into a delightful home or a profitable investment. With the right vision and renovation work, this 3-bedroom house can become a modern space that appeals to potential buyers or tenants in the growing Merthyr Tydfil market.

Don’t miss out on this chance to invest in a property with great potential in an area that continues to attract interest and growth. With the right renovation, This house can be revitalised into a beautiful home that reflects the charm of the local community.

Number of Bedrooms (current): 3

Is there potential to add a bedroom?: No

Reception Rooms: 1

Bathrooms/shower-rooms: 1

Property Asking Price: Offers over £80,000

Agreed Sale Price: £78,000

Fair Market Value (DUV): £155,000

Comparable 1: Sold £162,500 - https://www.rightmove.co.uk/house-prices/details/england-138702701-20089018?s=74a7c7cb1369cb56f11787bd6c60c72aeccbab723df98969b772e7298f9949d3

Comparable 2: Sold £157,000 - https://www.rightmove.co.uk/house-prices/details/england-144604424-21075463?s=a2b773fb1d149566df0b061fd206363a4feb237ceadc642293ba7f4f55fd1cae

Comparable 3: Sold £145,000 - https://www.rightmove.co.uk/house-prices/details/england-86000556-93771735?s=69a236cbee3bdad23df2506f54238bd46e6eeb726f054eab0cc80f4f30a7fda8

Comparable 4: Sold £150,000 - https://www.rightmove.co.uk/house-prices/details/england-143129078-20798029?s=a2dede8af87e21ae48e7d079ce16201c5db30acfe13eb25872d8818927ad61c3

Comparable 5: Sold £185,000: https://www.rightmove.co.uk/house-prices/details/england-134312057-19641400?s=bbe871fcfd435e526f8156909a412964cf0ad6b717df776f9a07c3560a099f8a

Comparable 6: Sold £182,000 - https://www.rightmove.co.uk/house-prices/details/england-141476789-94239258?s=31411c8d5350c2c7da820fb859297ce2e031d4f0d4d323f50dd13aec243f9401

Comparable 7: Sold £128,000 - https://www.rightmove.co.uk/house-prices/details/england-140715230-21075469?s=8552b23ba9efcb8dd5ad540e4b9493b86268ea3e39afd2349e9026dd089496e1

Market Status: on the market

Why is the property being sold?: Repossession

Is the property in a lettable condition: No

Is the sale price negotiable?: No

Property Type: House

Freehold or Leasehold: Freehold

Is the property part of portfolio?: No

Exit Strategy 1: Cash Purchase Flip (or bridge)

Exit Strategy 2: BTL

Potential Target Demographic: Families

General Build Schedule

1. Rip Out and Prep for Build
   Remove existing fixtures, fittings, and any unwanted materials to create a clean slate for renovation.

2. Stud Work, Boarding, and Insulation
   Construct necessary stud walls, install insulation in walls and ceilings, and board up surfaces to prepare for plastering.
   First Fix Electric

3. Complete the initial installation of electrical wiring, including the placement of outlets and circuits.
   First Fix Plumbing and Heating

4. Install the plumbing infrastructure for the kitchen and bathroom, along with the heating system piping.
   Plastering

5. Apply plaster to walls and ceilings to create a smooth finish ready for decoration.
   New Kitchen Installation

6. Fit a modern kitchen, including cabinets, countertops, and appliances, ensuring functionality and style.
   New Bathroom Installation

7. Install a new bathroom suite, including fixtures and fittings, tailored to the needs of the household.
   Woodwork and Trimming

8. Install new woodwork, including doors, architraves, and skirting boards, to enhance the property's character.
   Painting and Decorating

9. Apply fresh paint throughout the property, utilising a neutral colour palette to create an inviting atmosphere.
   Second Fix Electrical

10. Complete the final electrical work, including the installation of light fixtures, switches, and other fittings.
    Second Fix Plumbing and Heating

11. Finalise plumbing and heating installations, including connecting fixtures and ensuring proper functioning.
    Carpet and Flooring

12. Install high-quality carpet in bedrooms and durable flooring in living areas and the kitchen for a cohesive look.
    Internal Snagging

13. Conduct a thorough inspection of the interior, addressing any minor issues or defects to ensure quality finishes.
    External Work

14. Roof Repairs: Address any roofing issues, ensuring the structure is sound and weatherproof.

15. Garden Clearance: Clear debris and tidy up the garden area to enhance its appearance.
    Front of House Curb Appeal: Improve the entrance with a new front door, and possible outdoor lighting to create a welcoming first impression.
    
    This schedule outlines a comprehensive approach to renovating this property ensuring that all aspects of the build are covered to achieve a successful transformation of the property.
    
    We have estimated a budget of £40,000, which will be more than sufficient to transform this property. Tiger Burrows Ltd can offer hands-off professional project management for 10% of the build costs. Once the deal is secured by a client, our next step in due diligence involves obtaining itemised detailed schedules of works quoted by our trusted builders, ensuring project success before any funds are allocated, even for legal expenses.

Estimated Refurbishment Costs: £40,000

Flip Figures

Purchase Price: £78,000

Refurb Costs: £40,000

Entry Legal Costs: £3000 (For any unexpected legal costs otherwise, it should be more like £1600)

Exit Legal Costs: £1000

Stamp Duty: £3900

Survey Costs: £450

Tiger Burrows Consultation Fee: £2779

Estimated 6 months bills costs: £750

Estate Agent Selling Fees: £2418

Total Costs for investor: £132,297

Re-sale price (DUV): £155,000

Estimated Flip Profit: £22,703

BTL Figures

Purchase Price: £78,000

Refurb Costs: £40,000

Legal Costs: £3000

Stamp Duty: £3900

Survey: £450

Tiger Burrows Consultation Fee's: £2997

Estimated Rental Income: £900

New Mortgage: £489.38 (at 5% interest rates)

Stress Test Mortgage: £581.25 (tested at 6% interest rates)

Estate Agent Rates: £90

MOE: £90

Cash Flow Most Likely: £235.63

Cash Flow Stress Test: £138.75