Property Investment Summary – Pontardawe, South Wales

We have identified a fantastic flip opportunity in the town of Pontardawe, located near Swansea in South Wales. This property has fallen through several sales previously, primarily because the level of work required was too extensive for first-time buyers. This creates an ideal scenario for an experienced investor.

The property is a well-presented family home situated on a lovely plot with a beautiful garden. It benefits from an extension that transforms it into a spacious four-bedroom house, making it highly desirable for families in the area. Local market trends show strong demand for well-finished homes, and comparable properties have achieved excellent resale values.

While the house does require some repairs, this is precisely what makes it such a strong investment opportunity. We have clearly identified the necessary works and incorporated them into a detailed budget and work schedule to ensure a smooth turnaround. The planned improvements include:

• External works: Rendering and addressing minor roof issues.

• Internal works: Repairing small damp areas (with the root cause already identified), full cosmetic uplift, and installation of a new kitchen and bathrooms.

• General updates: Modern finishes throughout to maximize appeal.

By purchasing this property below market value, completing the renovations, and presenting it to a high standard, we anticipate achieving a top-end resale price. Given the strength of the local market and the property’s features, this flip represents an excellent opportunity for a profitable return.

Number of Bedrooms (current): 4

Is there potential to add a bedroom?: No

Reception Rooms: 2

Bathrooms/shower-rooms: 2

Property Asking Price: £180,000

Agreed Sale Price: £150,000

Fair Market Value (DUV): £240,000

Comparable 1: 3 bedroom, Sold £235,000: https://www.rightmove.co.uk/house-prices/details/be4510bd-d643-4d9d-a829-1968da5f89cf

Comparable 2: 3 bedroom, Sold £230,000: https://www.rightmove.co.uk/house-prices/details/36a3a431-f470-48bf-9ad0-33cd2d7bbdbd

Comparable 3: 4 Bedroom, Sold STC £290,000: https://www.rightmove.co.uk/properties/87207543#/?channel=RES_BUY

Comparable 4: 3 bedroom, Sold £218,000: https://www.rightmove.co.uk/house-prices/details/07412c9f-3933-4a69-8ff8-bc141856072c

Comparable 5: 3 bedroom, Sold £230,000: https://www.rightmove.co.uk/house-prices/details/d48c137f-d7ec-4f3d-8a43-f0f70bd70637

Comparable 6: 2 bedroom Sold £195,000: https://www.rightmove.co.uk/house-prices/details/5a2c2f84-73d9-47a7-8e26-f3f0b619d1b9

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

Exit Strategy 1: Flip

Exit Strategy 2: BTL

Exit Strategy 3: Capital Growth

Potential Target Demographic: Families and young professionals

Flip Figures:

Purchase Price: £150,000

Refurb Costs: £40,000

Entry Legal Costs: £1600

Exit Legal Costs: £1000

Stamp Duty: £7500

Survey Costs: £450

Tiger Burrows Consultation Fee: £2997

Estimated 6 months bills costs: £750

Estate Agent Selling Fees: £2000

Total Costs for investor: £206,297.00

Re-sale price (DUV): £240,000

Potential Profit: £33,707

Renovation Schedule

• Rip out Property: £1,000

• Waste Removal: £1,500

• Scaffolding and External Re-Render: £4,000

• External Repainting: £1,500

• Internal Electrical Work: £1,000

• Internal Plumbing and Heating Work: £2,000

• Internal Re-Plastering: £2,000

• Woodwork Internal: £2,000

• Damp Works and Treatments: £1,600

• New Kitchen: £5,000

• New Bathroom: £5,000

• New W/C: £1,000

• Garden Clearance and Low-Level Maintenance for Sale: £2,000

• Carpet and Flooring: £2,400

• Utility Area: £1,000

• Boarding: £1,000

• Insulation Work: £2,000

• Painting and Decorating: £2,500

• Roof Work: £1,500

Total costs for the renovation are estimated at £40,000. Tiger Burrows Projects can offer a fully managed renovation for 10% of the build costs.