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  • Llangyfelach Road

347 Llangyfelach Road

As discussed, this is a large terraced house with old planning to turn it into a 5 bed HMO.

There are many options as to what to do with this property, it would become 4 flats easily or, with an extension can become a 7 bed professional HMO.

This is a set return or JV opportunity that includes 3 stakeholders, myself, a development expert and you.

The basic figures are that we will spend a total of £200,000 on this property to create 4 flats worth at least £75k each and a profit of over £100,000.

Valuation

£300k

R.O.CE.

Infinite

Flip

53%

Equity

£107.5k

Money Left In

£0

Months To 100% Return

Immediate

Sale Comparables

This is dependent on the option chosen, we can also do a 7 bed HMO with a commercial valuation to get all of the money out plus a large monthly profit.


Rental 

Again, dependent on the build choice.


Refurb Timeline

Our refurbs are organised as follows:

20% Up Front

Extra payments as and when each stage is completed.  

This will take up to 12 weeks in planning then another 4 - 6 months to complete.

  • jersey road
  • Goetre Fawr Road
  • gelli street

Gelli Street

This is a house split into 2 separate flats that is in a great area for student rentals, it is near the new uni campus where there is a slight shortage of HMO's.

Valuation

£145k - £150k

R.O.CE.

48%

Flip

13% or £16k

Equity

£20k

Money Left In

£16k

Months To 100% Return

25

Sale Comparables

https://www.zoopla.co.uk/property/37-gelli-street/port-tennant/swansea/sa1-8nj/20541796

This one on the same street sold in reasonable condition for £105k, multiply the £'s / square foot out and you will get to £138,500k valuation.

309 Dan Y Graig Road was 66sqm and we achieved a £100k valuation on it, it was rented not sold but the valuation was achieved via a RICS survey for the lender.  This gives us a £150k valuation when extrapolated out.


https://www.zoopla.co.uk/property/49-wern-fawr-road/port-tennant/swansea/sa1-8ll/20541361

This one at the bottom of the street is a little smaller and was in good but not great condition when it sold for £135k, it is a little smaller too.

None of these have the premium that comes from flats so I'm hopeful of getting to £155k or even £160k plus in the end.

Rental Comparables


https://www.onthemarket.com/details/8135762/

At £300 per room with no need for a HMO licence it could achieve £120pcm - bills.

https://www.onthemarket.com/details/8080281/

This one is a 3 bed acheiving £990 / month.

https://www.onthemarket.com/details/8000835/

This 2 bed flat is achieving £620pcm on its own.

Refurb Timeline

Our refurbs are organised as follows:

20% Up Front

Extra payments as and when each stage is completed.  

Photo and video evidence will be provided at each stage and you can also visit whenever you like.

​Allow 10 - 12 weeks for the completion of works.