Investment Opportunity – Renovation Project in Bonner Mine Area, Swansea

Presenting a compelling property investment opportunity located in Bonymaen area of Swansea. This property, boasting stunning panoramic views over Swansea Bay, has had renovation works initiated but was unfortunately placed back on the market due to unforeseen circumstances.

The property is currently listed at £80,000, however, we have strong indications and confidence that an offer of £58,000 would be accepted through our connections.

Key Highlights:

• Location: Bonner Mine area, Swansea – elevated position with exceptional views.

• Renovation Status:

  • Full clearance completed.

  • First fix electrics installed.

  • Stud work and boarding are already in place.

• Scope of Work: While the renovation is extensive, it remains well within our capabilities. The initial work has been executed to a high standard, providing a solid foundation for completion.

• Auction Details: The property is being sold via the Modern Method of Auction, which allows for a 28-day completion period. This method is proving to be a valuable route for sourcing high-potential deals.

We have allocated a generous renovation budget to ensure the property is restored to a high standard, ready for resale or rental. For a savvy investor comfortable with auction purchases and renovation projects, this is a prime opportunity to acquire a property with strong upside potential.

Number of Bedrooms (current): 2

Is there potential to add a bedroom?: No

Reception Rooms: 2

Bathrooms/shower-rooms: 1

Property Asking Price: £80,000 Starting Bid

Agreed Sale Price: £68,000

Fair Market Value (DUV): £135,000 to £140,000

Comparable 1: Sold £138,000: https://www.rightmove.co.uk/house-prices/details/0c62675f-d698-43d1-8aef-595f59e04d03

Comparable 2: Sold £133,000: https://www.rightmove.co.uk/house-prices/details/eeb0f4b2-4965-48a6-9a75-b907ac9e1759

Comparable 3: Sold £157,000: https://www.rightmove.co.uk/house-prices/details/1b20dbc7-3d70-460b-bd4c-d454e59f197a

Comparable 4: Sold £125,000: https://www.rightmove.co.uk/house-prices/details/125fe3f5-2895-4089-9689-87966c3a3636

Comparable 5: Sold £137,000: https://www.rightmove.co.uk/house-prices/details/61c239c0-bd6e-461d-b4ba-d1e18f181ca8

Comparable 6: Sold £135,000: https://www.rightmove.co.uk/house-prices/details/394163f9-38d5-4f7a-93bd-ca5bc0dc201f

Comparable 7: Sold £152,000: https://www.rightmove.co.uk/house-prices/details/45683897-3c0a-43db-b908-12a8624cbb72

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?: No

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

• Prepare site for renovation works

2. First Fix Plumbing

• Install all necessary pipework and connections

3. Insulation & Boarding

• Complete insulation throughout

• Finish boarding for walls and ceilings

4. Plastering

• Smooth finish across all internal surfaces

5. Kitchen & Bathroom Installation

• Fit modern kitchen units and appliances

• Install bathroom suite and fixtures

6. Woodwork

• Skirting boards, doors, architraves, and trims

7. Painting & Decorating

• Full interior paint and decorative finishes

8. Flooring

• Carpets and hard flooring throughout

9. Garden Presentation

• Landscaping and presentation of front and rear gardens

10. 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 obtained to validate renovation costs.

BTL Figures:

Purchase Price: £58,000

Refurb Costs: £40,000

Legal Costs: £1600 + £7000 buyers premuim and auction fees = £8600

Stamp Duty: £2900

Survey: £450

Tiger Burrows Consultation Fee's: £2997

Estimated Rental Income: £900

New Mortgage (5%): £421.88

Stress Test Mortgage (6%): £506

Estate Agent Rates: £90

MOE: £90

Cash Flow Most Likely: £298

Cash Flow Stress Test: £213.47

Flip Figures:

Purchase Price: £58,000

Refurb Costs: £40,000

Entry Legal Costs: £1600 + £7000 buyers premuim and auction fees = £8600

Exit Legal Costs: £1000

Stamp Duty: £2900

Survey Costs: £450

Tiger Burrows Consultation Fee: £2997

Estimated 6 months bills costs: £750

Estate Agent Selling Fees: £2000

Total Costs for investor: £116,697.00

Re-sale price (DUV): £135,000

Potential Profit: £18,303