Property Description: Property Investment Description: 5 Trinity Road, Llanelli, SA15 2AB5 

Trinity Road presents an exceptional opportunity for property investors seeking a lucrative addition to their portfolio. This charming property is situated in the heart of Llanelli, an area known for its robust rental demand and stable property values.
Location and Accessibility: The property is conveniently located near essential amenities, including schools, shops, and recreational facilities. Llanelli offers excellent transport links, with easy access to the M4 motorway and nearby train stations, making it ideal for commuting professionals. Families will appreciate the proximity to reputable schools, while those on income support can benefit from the affordability of the area.
Investment Potential: The rental demand in Llanelli has shown consistent growth, driven by its appeal to families, professionals, and students. The property’s location makes it an attractive option for tenants seeking affordable housing near employment centers. With an increasing population and ongoing regeneration projects, the area is poised for further growth, which can lead to higher rental yields.
Comparative Market Analysis: Recent sales in the vicinity have demonstrated a solid appreciation in property values. Comparable properties in the area have sold for significantly higher prices, indicating strong market confidence. This trend justifies the investment potential of 5 Trinity Road, making it a sound choice for investors.
Conclusion: Investing in 5 Trinity Road not only offers immediate income-generating potential but also promises long-term capital appreciation. With its strategic location, stable rental market, and ongoing developments in Llanelli, this property is an excellent opportunity for discerning investors looking to maximize their returns.

Number of Bedrooms (current): 2

Is there potential to add a bedroom?: Yes (There is an attic conversion to make a good large 3rd bedroom)

Reception Rooms: 2 (knocked through to one with a back large kitchen-diner)

Bathrooms/shower rooms: 1

Property Asking Price: £75,0000 Auction starting bid

Agreed Sale Price: £69,000

Fair Market Value (DUV): £150,000

Comparable 1: Sold: £156,000: https://www.rightmove.co.uk/house-prices/details/england-20485873?s=d1285a94f6cd632454233eb7738f7493de49d85e1f16ca888c288df0d4fbf8a9

Comparable 2: Sold £157,000: https://www.rightmove.co.uk/house-prices/details/england-149566250-21505837?s=d989b1b11a7aeccf85fbbdd1edc4116a9271147c9b2478d8c7acbb7f92678a33

Comparable 3: Sold £150,000: https://www.rightmove.co.uk/house-prices/details/england-5450518-21505879?s=3d9d08b36096d1dd2a16dc1da0126569dea1fa15280468b9a9fcfa3df4d7b1d8

Further market comparables: 
98 New Dock Road, SA15 2HE £114,000 Sold date - 15/11/24 3 Bed Terrace
9 Havelock Street, SA15 2BP £129,000 Sold date - 02/11/24 3 Bed Terrace
18 Rice Road, SA15 1DD £127,000 Sold date - 07/11/24 3 Bed Terrace
4 Westview Terrace, SA15 1DL £137,000 Sold date - 25/10/24 3 Bed Terrace
7 Heol Morfa, SA15 2AW £115,000 Sold date - 03/10/24 2 Bed Terrace
13 Trinity Road, SA15 2AB £113,000 Sold date - 06/09/24 3 Bed Terrace
27 Prendergast Street, SA15 1DW £115,000 Sold date - 04/09/22 3 Bed Terrace

Market Status: Modern Method of Auction. Currently waiting on the legal pack so there is a bit more time allowed. Once the legal pack is received and auction terms signed, its 28 days to completion.

Why is the property being sold?: Distressed Seller

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: BTL

Exit Strategy 2: Cash Purchase Flip (or bridge)

Exit Strategy 3: Capital Growth

If HMO strategy please select: Property is NOT in any article 4 area and does not currently have an HMO licence from the local authority.  Investor needs to apply.

Potential Target Demographic: Families

Refurbishments Required: Renovation Schedule for 5 Trinity Road, Llanelli

Week 1: Preparation and Demolition
Day 1-3: Rip Out existing fixtures and fittings.
Cost: £1,500

Day 4-5: Waste Removal from the site.
Cost: £1,200

Week 2: Structural Work
Day 6-7: Install new front door.
Cost: £1,000

Day 8-10: Begin work on the new kitchen roof, back wall build, and new door.
Cost: £4,500

Week 3: External Works
Day 11-12: Install back garden gate, clear, and paint.
Cost: £1,500

Day 13-14: External painting of the property.
Cost: £1,200

Week 4: Kitchen and Bathroom Renovation
Day 15-20: Supply and fit new kitchen (utilizing existing structures).
Cost: £3,500

Day 21-22: Bathroom make good tile edges and skirting.
Cost: £250

Week 5: Plumbing and Heating
Day 23-25: Complete plumbing and heating work (new radiators, services, and certification).
Cost: £2,200

Week 6: Internal Finishing
Day 26-28: Attic room plastering.
Cost: £1,500

Day 29-30: General house plastering.
Cost: £1,500

Week 7: Windows and Electrical Work
Day 31-32: Install two Velux windows in the attic and upgrade all electrics for new sockets, switches and fuze board
Cost: £3650

Day 33-35: Complete electrical work throughout the property.
Cost: £3,200

Week 8: Woodwork and Decoration
Day 36-38: Woodwork (doors and husbandry).
Cost: £1,750

Day 39-41: Paint and decorate the property.
Cost: £2,600

Week 9: Flooring and Final Touches
Day 42-44: Install carpet and flooring.
Cost: £2,400

Day 45: Enhance curb appeal with final landscaping touches.
Cost: £500

Contingency and Management
Contingency: £2,000
Management Fee: £3,300

Total Estimated Renovation Costs: £40,100

Estimated Refurbishment Costs: £40,100 (including management and contingency)

Flip Figures

Purchase Price: £150,000

Refurb Costs: £40,100

Entry Legal Costs: £1600 Buyers legals + £3,760 Auction fees and legals = £5,360

Exit Legal Costs: £1000

Stamp Duty: £3450

Survey Costs: £450 (if deemed necessary, banks valuation report would be sufficient for lending)

Tiger Burrows Consultation Fee: £3997

Estimated 6 months bills costs: £750

Estate Agent Selling Fees: £2340

Total Costs for investor: £127,447

Re-sale price (DUV): £150,000

Estimated Flip Profit: £22,553

BTL Figures

Purchase Price: £69,000

Refurb Costs: £40,100

Legal Costs: £5,360

Stamp Duty: £3450

Survey: £450

Tiger Burrows Consultation Fee's: £3997

Estimated Rental Income: £875

New Mortgage: £468.75 @ 5%

Stress Test Mortgage: £562.50 @ 6%

Estate Agent Rates: £87.50

MOE: £87.50

Cash Flow Most Likely: £231.25 @ 5%

Cash Flow Stress Test: £137.50 @ 6%