Neath Port Talbot for a great Bungalow flip project!
Neath Port Talbot for a great Bungalow flip project!
Figures in brief:
Purchase Price: £112,500
Renovation Costs: £55,000 (convert to 3 bedroom)
Predicted end value: £235,000
Potential Flip Profit: £60,000
Source Fee: £4497
If you are interested in this deal, reserve it through this website for £449. This reservation is 10% of the source fee. This is 100% refundable if you decide not to go ahead after completing your own due diligence.
Overview
• 2 bedroom semi-detached bungalow in a high demand area in need of full renovation.
• Vision to convert from 2 bedroom to a 3 bedroom property.
• Cash purchase required. Property is unhabitable.
• Gardens to front and rear.
• Driveway for parking and garage
• Walking distance to Jersey Park and maintain trails.
• Walking distance to shops & restaurants.
• 15 minute drive to Port Talbot Hospital
• 10 minute drive to M4 junction and 5 minutes to Britton Ferry Train Station.
• Property is approx 73.6sqm (792.7sq ft) from provided floor plan.
Property Investment Brief: Neath Port Talbot Bungalow
We are thrilled to present an exciting flip project that stands out in the current market. This opportunity features a highly distressed 2-bedroom bungalow located in Neath Port Talbot, South Wales. Bungalows, when modernised, tend to sell exceptionally well and command impressive end values.
Project Overview
- Purchase Price: £112,500
- Renovation Budget: £55,000
- Expected Sale Price: £235,000
- Potential Profit: £60,000
Project Vision
To maximize the profit potential, we plan to transform this 2-bedroom bungalow into a 3-bedroom home. This conversion will be achieved by reconfiguring the existing floor plan, ensuring that the new layout is both functional and appealing. Additionally, we aim to enhance the property’s value by including a master bathroom and an ensuite in one of the bedrooms, if feasible.
Investment Highlights
- Location: Neath Port Talbot, South Wales
- Property Type: Bungalow
- Current Condition: Very run down and in need of substantial renovation
-Renovation Strategy: Modernisation and conversion to a 3-bedroom layout
Conclusion
This project promises a significant return on investment, with a potential profit margin of £60,000. Given the strong market demand for modernized bungalows, this flip project presents a lucrative opportunity. We are enthusiastic about the possibilities and confident in the success of this investment.
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Feel free to reach out if you have any questions or need further details about this exciting property investment opportunity.