This property located at 43 Llandafen Road is a 77 square meter end-of-terrace home featuring two bedrooms, one bathroom, and two reception rooms. With a straightforward renovation process, this property presents an excellent opportunity for both seasoned investors and those new to property investment.

Location Benefits

Situated in a desirable area within SA14 9BD, this property is well-connected and family-friendly. It is in proximity to respected schools, making it ideal for families. Additionally, the location provides easy access to public transport links, facilitating commutes to nearby employment hubs. The area also appeals to professionals due to its blend of convenience and community, while tenants on income support can find affordable housing options.

Investment Potential

This property can be monetised as an income-generating asset through refurbishment, offering options for either a buy-to-let (BTL) or buy-to-sell (BTS) strategy. The estimated refurbishment budget of up to £35,000 can significantly elevate the property's value.

• Estimated Done Up Value (DUV): £120,000

• Monthly Rental Income: Projected at £750 to £795, providing a steady cash flow.

Number of Bedrooms (current): 2

Is there potential to add a bedroom?: No

Reception Rooms: 2

Bathrooms/shower-rooms: 1

Property Asking Price: £65,000 (Starting bid at auction)

Agreed Sale Price: £58,995

Fair Market Value (DUV): £120,000

Market Status: Modern Method Of Auction

Why is the property being sold?: Landlord Selling Assett

Is the property in a lettable condition: Yes

Is the sale price negotiable?: No

Property Type: End of Terrace

Freehold or Leasehold: Freehold

Exit Strategy 1: Buy, renovate, refinance and rent. (BTL)

Exit Strategy 2: Flip

Exit Strategy 3: Capital Appreciation

Potential Target Demographic: Young Family, First-time buyer, single-parent household.

BTL Figures

Purchase Price: £58,995 (£55,000 + £3995 buyers premium)

Refurb Costs: £35,000

Entry Legal Costs: £1600

Stamp Duty: £3950

Survey Costs: £450

Tiger Burrows Consultation Fee's: £2997

Estimated Rental Income: £775

New Mortgage: £375 @5%

Stress Test Mortgage: £450 @ 6%

Estate Agent Rates: 77.50

MOE: £77.50

Cash Flow Most Likely: £245

Cash Flow Stress Test: £170

Money left in the deal after refinance: £16,765

BTL Comparable Market Analysis (CMA) Report

For Let: Clos Y Deri, SA14

• Rent: £795 PCM

• Date: 16/05/24

• Beds: 2

• URL: Link

For Let: Swansea Road, SA15

• Rent: £750 PCM

• Date: 29/04/25

• Beds: 2

• URL: Link

Let Agreed: Dwyfor, SA14 9EL

• Rent: £750 PCM

• Date: 28/04/25

• Beds: 2

• URL: Link

Flip Figures

Purchase Price: £58.995

Refurb Costs: £35,000

Entry Legal Costs: £1600

Exit Legal Costs: £1000

Stamp Duty: £2750

Survey Costs: £450

Tiger Burrows Consultation Fee: £2997

Estimated 6 months bills costs: £750

Estate Agent Selling Fees: £2500

Total Costs for investor: £105,042

Re-sale price (DUV): £120,000

Estimated Flip Profit: £14,958

Sold Comparable Properties (within a 1-mile radius):

• £125,000 - 7 Granville Terrace, SA14 8NF (2 Bedroom, Sold on 17/01/25)

• £115,000 - 55 Parc Gitto, SA14 9LB (2 Bedroom Semi-Detached, Sold on 25/10/24)

• £123,000 - 2 Woodend Road, SA15 3BQ (2 Bedroom, Sold on 25/10/24)

• £105,000 - 1 Tros Maen, SA14 8AA (2 Bedroom, Sold on 30/08/24)

• £112,000 - 3 Marble Hall Road, SA15 9AT (2 Bedroom, Sold on 23/08/24)

• £122,500 - 22 Gelli Road, SA14 1NN (2 Bedroom, Sold on 19/08/24)

For Sale Comparable Properties (within a 1/2-mile radius):

• £119,000 - Marble Hall Road, SA15 1NN (2 Bedroom, Listed on 14/02/25)

• £119,500 - Grosfach, SA14 8NL (2 Bedroom, Listed on 10/04/25)

• £114,995 - Marble Hall Road, SA15 1NN (2 Bedroom, Listed on 22/04/25)

Sold Subject to Contracts (SOLD STC) in Last 12 Months:

• £115,000 - Pemberton Road, SA14 9BG (2 Bedroom, Listed on 14/02/25)

• £119,995 - Clos Cilsiag, SA14 8QY (2 Bedroom, Listed on 22/02/25)

• £155,000 - Bryn Rhos, SA14 (2 Bedroom Semi-Detached, Listed on 21/03/25)

Schedule of Works

1. Rip Out

   • Remove old fixtures and fittings.

1. Test Electrics

   • Ensure electrical systems are safe and compliant.

1. Test Boiler and Plumbing

   • Inspect heating and plumbing systems for compliance and functionality.

1. Make Improvements to Meet Regulations

   • Upgrade systems and installations as required by local regulations.

1. Boarding and Plaster Preparation

   • Prepare walls and ceilings for plastering.

1. Plaster as Required

   • Apply plaster where necessary for a smooth finish.

1. Woodwork

   • Install or refurbish woodwork, including doors and trims.

1. New Kitchen

   • Install a modern kitchen with updated appliances.

1. New Bathroom

   • Install a new bathroom with essential fixtures.

1. Paint and Decorate

   • Paint walls and ceilings; decorate as needed.

1. Carpet and Flooring

   • Install new carpets and flooring throughout the property.

This budget and schedule provide a framework for the renovation process and should be refined during the detailed quotation phase.