Overview:

We have a direct-to-vendor opportunity in Swansea. The vendor is in a tight financial position and is looking to clear their current mortgage liability. As a result, the property is available for £84,000.

Property Details:

• Location: Swansea – a highly lettable area with strong rental demand.

• Type: 3-bedroom house

• Layout: 1 bathroom, 1 large reception room, and a spacious kitchen

• Parking: No direct parking (reflected in valuation)

• Condition: Requires refurbishment following a problematic tenancy. Works include general light-touch improvements, some roof repairs, and cosmetic upgrades.

Financials:

• Purchase Price: £84,000

• Estimated Renovation Cost: £30,000

• Anticipated End Value: £130,000 (adjusted for lack of parking)

• Projected Rent: £900 per calendar month

Key Points:

• Excellent location with strong public transport links compensating for the lack of parking.

• Great potential for Buy-to-Let investment with solid rental yield.

• Vendor is motivated for a quick sale.

Number of Bedrooms (current): 3

Is there potential to add a bedroom?: No

Reception Rooms: 1

Bathrooms/shower-rooms: 1

Agreed Sale Price: £84,000

Fair Market Value (DUV): £130,000

Comparable 1: Sold £136,500: https://www.rightmove.co.uk/house-prices/details/1385926d-46f0-43e4-9069-7bfad69f3443

Comparable 2: Sold £175,000: https://www.rightmove.co.uk/house-prices/details/a2b76a4e-6ad3-443a-9a06-da89c03f13b6

Comparable 3: Sold £160,000:https://www.rightmove.co.uk/house-prices/details/70f7d10f-50f4-49c0-bd1f-6b9e97f69eaa

Comparable 4: Sold £177,500: https://www.rightmove.co.uk/house-prices/details/83775782-4e85-4852-86c1-ba287f64071e

Comparable 5: Sold £155,000: https://www.rightmove.co.uk/house-prices/details/47c4d990-60be-4cd1-83d2-dc408491ba76

Comparable 6: Sold £190,000: https://www.rightmove.co.uk/house-prices/details/b25da1c7-ac39-42d8-879a-b899e18c6fb2

Comparable 7: Sold £130,000: https://www.rightmove.co.uk/house-prices/details/139e15f5-3991-457b-aa88-f6b1d1d217ff

Market Status: Sale Secured by Sourcing Agent directly with the vendor

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?: No

Exit Strategy 1: BTL

Exit Strategy 2: Capital Growth

Potential Target Demographic: Families and young professionals or social housing.

BTL Figures:

Purchase Price: £84,000

Refurb Costs: £30,000

Legal Costs: £1600

Stamp Duty: £4200

Survey: £450

Tiger Burrows Consultation Fee's: £2997

Estimated Rental Income: £900

New Mortgage (5%): £406.25

Stress Test Mortgage (6%): £487.50

Estate Agent Rates: £90

MOE: £90

Cash Flow Most Likely: £273.75

Cash Flow Stress Test: £192.50

Renovation Schedule – 8 Weeks

Project: Swansea 3-Bedroom House
Estimated Cost: £30,000
Management Option: Tiger Burrows Projects offers full hands-off renovation management for 10% of build costs. Our top build team is available for this project.

Week 1–2: Structural & Essential Repairs

1. Remove chimney and repair rear kitchen roof lead and drainage.

2. Repair kitchen windows (ensure weatherproofing and security).

Week 3: Bathroom Overhaul

1. Remove bathroom floor and replace subfloor as needed.

2. Install new bathroom suite (bath/shower, toilet, sink, tiling).

Week 4: Kitchen Replacement

1. Remove old kitchen and install new kitchen units, worktops, and appliances.

Week 5: Electrical & Safety

1. Test and upgrade electrics to current standards (including sockets and lighting).

Week 6: Internal Repairs

1. Repair ceilings affected by water damage.

2. Complete woodwork repairs (doors, skirting, architraves).

Week 7: Finishing Touches

1. Paint and decorate throughout (walls, ceilings, woodwork).

2. Install carpets and flooring in all rooms.

Week 8: External Presentation

1. Garden clearance and presentation for curb appeal.

2. Final curb appeal improvements (tidy frontage, paint external woodwork, clean pathways).

Total Estimated Cost: £30,000
Management Fee (Optional): 10% of the build cost for full hands-off service.