Quick Auction Purchase for £50,000 profit!
Quick Auction Purchase for £50,000 profit!
Property Snapshot
Location: Neath
Purchase Price: £135,000 (Maximum Auction Bid)
Listing: Auction Purchase 28 days from offer accepted
Strategy: Flip
End Value: £280,000
Bedrooms: Currently 2 with renovation plans to make it a 3 bedroom.
Renovation Budget: £70,000
Potential Profit: £50,000
Reserve this deal here for £399. This fee is fully refundable should you decide not to go ahead after completing your due diligence. Full legal pack available on request.
Property Investment Summary – Neath
This opportunity centres on a property located in one of the most affluent and desirable areas of Neath. The street itself is lined with impressive, large detached homes that consistently achieve exceptionally strong sale prices, making this location a standout choice for profitable investment.
Current Condition & Renovation Potential
The property is in need of comprehensive renovation. Key works include:
Full refurbishment of the rear section of the house
Replacement of windows and doors
Reconfiguration of the internal layout
Modernisation throughout
The existing layout is unconventional, with the kitchen and bathroom currently positioned on the lower level, while the bedrooms sit upstairs. The house itself spans two levels, with the upper floor at street level and the lower floor set below.
Proposed Renovation Strategy
My intention is to carry out an extensive renovation that will transform the property into a highly desirable modern home. This would involve:
Reversing the layout to place the kitchen and dining area on the upper (street-level) floor
Creating a high‑quality living space and bedrooms on the lower level
Completing all renovations within the current property footprint
Additionally, there is long‑term potential to further increase value by extending the property at the rear or adding a dormer, as neighbouring homes have done. These options could significantly enhance the resale price and can be explored at a later stage.
Purchase Price & Auction Position
I have set a maximum purchase price of £135,000, though I believe we may realistically secure it in the region of £125,000. The property is being listed with I Am Sold, and we will need to make a reservation and submit an offer on Monday, which is the final point before auction availability ends.
There does not appear to be significant competition for this property, so it is quite possible the sale may align closely with the reserve price.
Overall Investment Outlook
This property represents an excellent opportunity at the proposed price point. With strong resale potential, an affluent surrounding area, and clear value‑add possibilities through renovation and future extension, this is a compelling investment with scope for significant uplift.
Number of Bedrooms (current): Listed as 2, but actually 3.
Is there potential to add a bedroom?: Yes
Reception Rooms: 2
Bathrooms/shower-rooms: 1
Property Asking Price: £115,000 Starting Bid (Reserve estimated at £125,000)
Target Sale Price: Under £135,000
Fair Market Value (DUV): £280,000 to £320,000
Comparable 1: Sold 280,000: https://www.rightmove.co.uk/house-prices/details/2b8e864b-f0fc-4361-9ee6-000d4904b0fe
Comparable 2: Sold £250,000: https://www.rightmove.co.uk/house-prices/details/3cf74bfc-3001-4299-87d8-8c9ccb1b4919
Comparable 3: Sold £345,000: https://www.rightmove.co.uk/house-prices/details/6dbfa607-6b33-4e9f-9856-e2b1f3f0bf15
Comparable 4: Sold £310,000: https://www.rightmove.co.uk/house-prices/details/1400ef62-b7cf-43dd-bc32-5498563af8b4
Comparable 5: Sold £235,000: https://www.rightmove.co.uk/house-prices/details/8d414760-2812-494a-9522-00220bc3a140
Comparable 6: Sold £298,000: https://www.rightmove.co.uk/house-prices/details/0ea42a7c-0212-4c05-973f-318fef196562
Comparable 7: Sold STC £225,000: https://www.rightmove.co.uk/properties/168046337#/?channel=RES_BUY
Comparable 8: On the Market at £340,000: https://www.rightmove.co.uk/properties/165989969#/?channel=RES_BUY
Comparable 9: Sold £280,000: https://www.rightmove.co.uk/house-prices/details/2b8e864b-f0fc-4361-9ee6-000d4904b0fe
Market Status: Auction ends Monday, 19th January 2026
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 detached
Freehold or Leasehold: Freehold
Is the property part of portfolio?: Unknown
Exit Strategy 1: Flip
Exit Strategy 2: BTL
Exit Strategy 3: Capital Growth
Potential Target Demographic: Families and young professionals and is within 1st time buyer price range.
Flip Figures:
Purchase Price: £135,000
Refurb Costs: £70,000
Entry Legal Costs: £1600 + £64000 buyers premuim and auction fees = £8000
Exit Legal Costs: £1000
Stamp Duty: £6750
Survey Costs: £450
Tiger Burrows Consultation Fee: £3997
Estimated 6 months bills costs: £750
Estate Agent Selling Fees: £4300
Total Costs for investor: £230,247
Re-sale price (DUV): £280,000
Potential Profit: £49,753
Renovation Schedule and estimated costs
RIP Out – £2,000
Waste Removal – £3,000
Structural Build Works – £6,000
Insulation – £2,000
Boarding & Stud Work – £3,000
Windows & Doors – £4,000
Roof Works – £4,500
Kitchen – £6,000
Bathrooms – £6,000
Electrical Work – £3,500
Gas & Central Heating – £4,000
External Garden Work – £4,000
External Painting & Decorating – £2,000
Internal Painting & Decorating – £2,500
Carpet & Flooring – £3,700
Plastering – £5,000
Woodwork & Trimming – £3,000
Curb Appeal – £1,000
Project Managemnet: £5000
TOTAL: ££70,500