A great BTL opportunity in Neath, South Wales.
A great BTL opportunity in Neath, South Wales.
This property offers an excellent entry point into the Buy-to-Let market. With a simple renovation required, it provides strong cash flow and a reliable return on investment. It’s ideal for a straightforward buy, refurbish, and refinance approach, with the potential to achieve around £12,000 profit within six months from start to finish.
Property Details:
Purchase Price: £75,000
Renovation Costs: £30,000
Estimated End Value: £125,000
Investment Potential:
Estimated Flip Profit: £7,500
BTL Cash Flow: £309 per month
Reserve this deal for £299. This is a fully refundable reservation fee should you choose not to go ahead after completing your due diligence.
Property Investment Opportunity: Neath, SA11
This property represents a strong Buy-to-Let opportunity in a desirable part of Neath. Located within walking distance of the town centre, it offers excellent potential for investors seeking reliable, income-generating assets. Neath is a well-connected and lively town with a strong community and plenty of local amenities. Shops, cafes, and leisure facilities are all close by, while nearby schools and transport links make it an appealing choice for both families and working professionals.
With light renovation, the property’s end value is expected to reach £125,000. The achievable rental income of £800 to £900 per month provides an attractive yield and consistent cash flow. Property prices in the area have remained stable, offering long-term security for investors.
Rental demand in Neath continues to be strong, supported by a steady mix of professionals, families, and tenants receiving housing support. The town’s proximity to major employment hubs and local colleges further strengthens its appeal.
Comparable property sales in the area confirm the projected end value, giving confidence in both the capital growth and rental potential of this investment.
Number of Bedrooms (current): 2
Is there potential to add a bedroom?: No
Reception Rooms: 1
Bathrooms/shower-rooms: 1
Property Asking Price: £100,000 then reduced to £80,000
Agreed Sale Price: £75,000
Fair Market Value (DUV): £120,000 to £130,000
Comparable 1: Sold £125,000: https://www.rightmove.co.uk/house-prices/details/d601bec8-4ca5-438b-9090-09d0523b82dc
Comparable 2: Sold £118,000: https://www.rightmove.co.uk/house-prices/details/8102365b-27c7-4f92-b465-472db656655b
Comparable 3: Sold £122,000: https://www.rightmove.co.uk/house-prices/details/c9858271-9201-47c1-8628-167a53e226cf
Comparable 4: Sold £122,500: https://www.rightmove.co.uk/house-prices/details/cf5f98dc-3324-4d06-95ba-5a226bb6f31f
Market Status: Sale Secured by Sourcing Agent
Why is the property being sold?: Distressed Seller
Is the property in a lettable condition? Yes
Is the sale price negotiable?: No
Property Type: House
Freehold or Leasehold: Freehold
Is the property part of portfolio?: Unknown
Exit Strategy 1: BTL
Exit Strategy 2: Cash Purchase Flip (or bridge)
Exit Strategy 3: Capital Growth
Potential Target Demographic: Families and young professionals or social housing.
Refurbishments Required: Total Budget: £30,000
Duration: 8 Weeks
Week 1: Preparation and Demolition
Day 1-2: Rip out existing fixtures, fittings, and materials, including old kitchen and bathroom.
Day 3-4: Waste removal from the property; ensure proper disposal of debris.
Day 5: Inspection of existing electrical wiring and plumbing systems.
Week 2: Electrical and Plumbing Works
Day 6-7: Rewire the property, ensuring all electrical systems meet safety standards.
Day 8-10: Service the boiler and issue the necessary certification. Check all plumbing for issues.
Week 3: Structural and Preparation Works
Day 11-12: Complete plumbing installation for the new kitchen and bathroom.
Day 13-14: Install boarding for walls and ceilings; prepare surfaces for plastering.
Week 4: Plastering and Woodwork
Day 15-17: Plastering of walls and ceilings for a smooth finish.
Day 18-20: Woodwork and trimming installation, including skirting boards and architraves.
Week 5: Kitchen and Bathroom Installations
Day 21-23: Supply and fit new kitchen units, countertops, and appliances.
Day 24-26: Supply and fit new bathroom fixtures, including tub, sink, and toilet.
Week 6: Roofing and Windows
Day 27-28: Install a new flat roof over the kitchen, ensuring proper insulation and waterproofing.
Week 7: Finishing Touches
Day 31-33: Painting and decorating throughout the property, focusing on walls, ceilings, and woodwork.
Day 34: Final inspections to ensure all work meets quality standards.
Week 8: Flooring and Final Cleanup
Day 35-36: Install new carpets and flooring in all living spaces.
Day 37-40: Final cleanup of the property, ensuring it is ready for tenants or buyers.
Estimated Refurbishment Costs: £30,000 (Tiger Burrows Projects Ltd offers hands off project management solutions for £3000)
BTL Figures:
Purchase Price: £75,000
Refurb Costs: £30,000
Legal Costs: £1600
Stamp Duty: £3750
Survey: £450
Tiger Burrows Consultation Fee's: £2997
Estimated Rental Income: £850
New Mortgage (5%): £390.63
Stress Test Mortgage (6%): £468.75
Estate Agent Rates: £85
MOE: £85
Cash Flow Most Likely: £309.38
Cash Flow Stress Test: £231.25
Flip Figures:
Purchase Price: £75,000
Refurb Costs: £30,000
Entry Legal Costs: £1600
Exit Legal Costs: £1000
Stamp Duty: £3750
Survey Costs: £450
Tiger Burrows Consultation Fee: £2997
Estimated 6 months bills costs: £750
Estate Agent Selling Fees: £1950
Total Costs for investor: £117,497
Re-sale price (DUV): £125,000
Estimated Flip Profit: £7,503