Llanelli Town Centre Modern Method of Auction for £23k flip profit!
Llanelli Town Centre Modern Method of Auction for £23k flip profit!
This property offers a fantastic opportunity for investors pursuing either a Buy-to-Let or a flip strategy. It is currently available through the Modern Method of Auction, reflecting its present condition. The property does need an extensive renovation, which fits in perfectly with our build capacity and strategy!
The good news? This type of project fits perfectly with our skill set and experience, making it an ideal candidate for a profitable turnaround.
Key Details
Purchase Price: £72,000
Renovation Costs: £40,000
Estimated End Value: £155,000
Investment Potential
Projected Flip Profit: £23,103
Buy-to-Let Cash Flow: £235.43 per month
Property Investment Opportunity – Llanelli
We are pleased to present an attractive investment opportunity in the heart of Llanelli. This spacious property, complete with a large rear garden, is ideally located within walking distance of the town centre and local amenities—perfect for a renovation project with strong resale or rental potential.
The property is currently listed at £75,000, and based on our experience and network, we anticipate an offer of £72,000 would be accepted.
Key Features
Location: Llanelli town centre – excellent access to shops, transport, and amenities.
Condition: Full renovation required; straightforward work for our experienced local team.
Auction Details: Sold via the Modern Method of Auction, offering a 28-day completion window for fast-moving investors.
Why This Opportunity Works
Although the refurbishment is extensive, it falls well within our capabilities and allocated budget. We have planned a comprehensive renovation to deliver a high-quality finish, ensuring strong market appeal for resale or rental. For investors comfortable with auction purchases and renovation projects, this property represents a prime opportunity with significant upside potential.
Number of Bedrooms (current): 3
Is there potential to add a bedroom?: No
Reception Rooms: 2
Bathrooms/shower-rooms: 1
Property Asking Price: £75,000 Starting Bid
Agreed Sale Price: £72,000
Fair Market Value (DUV): £155,000
Comparable 1: Sold £152,000: https://www.rightmove.co.uk/house-prices/details/06b2bace-e9e7-4fe9-98e0-6d16d2be6bb1
Comparable 2: Sold £130,000: https://www.rightmove.co.uk/house-prices/details/f4fa6fd5-6588-4bad-a84a-d4d814a388d4
Comparable 3: Sold STC £155,000: https://www.rightmove.co.uk/properties/164739101#/?channel=RES_BUY
Comparable 4: Sold £225,000: https://www.rightmove.co.uk/properties/165070568#/?channel=RES_BUY
Comparable 5: Sold STC £155,000: https://www.rightmove.co.uk/properties/167409959#/?channel=RES_BUY
Comparable 6: Sold STC £159,000: https://www.rightmove.co.uk/properties/165705668#/?channel=RES_BUY
Comparable 7: Sold STC £140,000: https://www.rightmove.co.uk/properties/161248184#/?channel=RES_BUY
Market Status: Sale Secured by Sourcing Agent
Why is the property being sold?: Distressed Seller
Is the property in a lettable condition? No
Is the sale price negotiable?: Yes
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.
Renovation Schedule & Budget – £40,000
1. Initial Inspection & Preparation
Full property assessment and diagnosis
Complete rip-out and site preparation
2. First Fix Plumbing & Electrics
Install all essential pipework and electrical wiring
3. Insulation & Boarding
Fit insulation throughout
Complete wall and ceiling boarding
4. Plastering
Smooth plaster finish across all internal surfaces
5. Kitchen & Bathroom Installation
Install modern kitchen units and appliances
Fit bathroom suite and fixtures
6. Woodwork
Skirting boards, doors, architraves, and trims
7. Second Fix Plumbing & Electrics
Final plumbing and electrical connections
8. Painting & Decorating
Full interior painting and decorative finishes
9. Flooring
Lay carpets and hard flooring throughout
10. Garden Presentation
Landscaping and presentation of front and rear gardens
11. Certification
Electrical and plumbing works are certified and guaranteed
Project Management Option
Tiger Burrows Projects offers full hands-off project management for 10% of the build cost.
Once the investor confirms they wish to proceed, a fixed quote will be provided to validate renovation costs.
BTL Figures:
Purchase Price: £72,000
Refurb Costs: £40,000
Legal Costs: £1600 + £7000 buyers premuim and auction fees = £8600
Stamp Duty: £3600
Survey: £450
Tiger Burrows Consultation Fee's: £2997
Estimated Rental Income: £900
New Mortgage (5%): £484.38
Stress Test Mortgage (6%): £581.25
Estate Agent Rates: £90
MOE: £90
Cash Flow Most Likely: £235.63
Cash Flow Stress Test: £138.75
Flip Figures:
Purchase Price: £72,000
Refurb Costs: £40,000
Entry Legal Costs: £1600 + £7000 buyers premuim and auction fees = £8600
Exit Legal Costs: £1000
Stamp Duty: £3600
Survey Costs: £450
Tiger Burrows Consultation Fee: £2997
Estimated 6 months bills costs: £750
Estate Agent Selling Fees: £2500
Total Costs for investor: £131,897.00
Re-sale price (DUV): £155,000
Potential Profit: £23,103