Property Information:

Property Address: Porth, CF39

Number of Bedrooms (current):  3

Is there potential to add a bedroom?: Yes

Reception Rooms: 1

Bathrooms/shower-rooms: 1

Property Asking Price: 65,000

Agreed Sale Price: 62,500

Fair Market Value (DUV): 130000

Comparable 1: https://www.rightmove.co.uk/property-for-sale/property-73174272.html

Comparable 2: https://www.rightmove.co.uk/property-for-sale/property-72626760.html

Comparable 3: https://www.rightmove.co.uk/property-for-sale/property-83084533.html

If no comparables, please state why there are no direct comparables:

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: No

Is the sale price negotiable?: No

Property Type: House

Freehold or Leasehold: Freehold

Is the property part of portfolio?: Yes, seller has more

Exit Strategy 1: Cash Purchase Flip (or bridge)

Exit Strategy 2: BTL

Exit Strategy 3: Capital Growth

If HMO strategy please select: N/A

Potential Target Demographic: Families

Refurbishments Required

Refurbishments Required: Build and construct all internal walls and floors
Complete and renovate extension
Damp proof house
Plaster and decorate house
New carper and floors
New kitchen and bathrooms through out
Wire and heating required
Replace all windows and doors
Paint and decorate external house
Tidy and make good the garden

Estimated Refurbishment Costs: 35000

Flip Figures (Buy, Renovate, Sell)

Purchase Price: £65,000
Refurb Costs: £35000

Entry Legal Costs: £1200

Exit Legal Costs: £1200

Stamp Duty: £1875

Survey Costs: £450

Broker Fee: £400

SMP Consultation Fee: £3499

Estimated 6 months bills costs: £1500

Estate Agent Selling Fees: £1482

Total Costs for investor: £60252

Re-sale price (DUV): £130000

Estimated Flip Profit: £21000

BTL Figures (Buy to let)

Purchase Price: £62500

Refurb Costs: £35000

Legal Costs: £1200

Stamp Duty: £1875

Survey: £450

Broker Fee: £400

SMP Consultation Fee's: £3499

Estimated Rental Income: £650

New Mortgage: £284

Stress Test Mortgage: £406

Estate Agent Rates: £65

MOE: £65

Cash Flow Most Likely: £235

Cash Flow Stress Test: £113

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:  Gilfach Goch is a community, electoral ward and small former coal mining village in the Borough of Rhondda Cynon Taf, south Wales, near the larger community of Tonyrefail. It is situated in the Cwm Ogwr Fach between the Cwm Ogwr Fawr to the west and the Cwm Rhondda to the east

It is situated very close to Porth, which in Wales means gateway.

New infrastructure, bypass and commuter links have brought the retail parks of Talbot Green and Cardiff much more accessible. The regeneration plan for Porth and surrounding areas will see the installation of a transport hub. This will include a bus interchange, taxi rank, cycle storage and train station links.

The projects planned as part of RCT's Porth Regeneration Strategy

New transport hub and station quarter: At the site of the Alec Jones Day Centre will be a bus interchange, taxi rank, cycle stores and train station lines.

Porth Plaza as a community hub: Where a range of council services will be available under one roof.

Additional parking for the town centre: New long and short0term parking options.

Public realm improvements: Which will make the street look more attractive.

Town centre maintenance grant: Will offer businesses the opportunity to apply for funding to improve shop fronts.

Redevelopment of former Porth Junior School site: Which will help diversify housing stock.

All of these will provide great access to local amenities along with bring the major city of Cardiff much close via transport links.

Nearest Train Station: The nearest railway station is Tonypandy, approximately 2.8 miles away.

Any key journey times: 15 minutes to Pontypridd
15 minutes to Talbot Green
30 minutes to Cardiff
30 minutes to Brecon
30 minutes to Swansea

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 £3499(inc VAT) which is paid on completion of the sale. A £349 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