INVESTOR ZONE

Key Properties UK

INVESTOR ZONE

Key Properties UK

Investor Zone


Available Now

  • peter terrace
  • Banwell Street
  • Maerdy
  • NEW HOUSES ROAD

Banwell Street

This is a 142sqm 3 bed home in Morriston in need of a full refurb, back to brick in many places.  There are 2 options with this one, refurbish it as it is into a large 4 bed family home or turn it into 2 homes, 1, 90sqm 3 bed home worth £115k+ and 1, 1 bed home worth £65k+.

Flip

20%+ or £30k+

Valuation

£140k

R.O.CE.

200%+

Equity

£32k+

Money Left In

£2.5k

Months To 100% Return

13

Comparables

There isn't much like this on the market so I have down valued the end result, we should achieve far more than the projections quite easily.

https://www.zoopla.co.uk/property/19-caemawr-road/morriston/swansea/sa6-7dx/20615735
This house is 73sqm so half the size and sold in very good but not refurbished condition for £127,500.

https://www.zoopla.co.uk/property/24-vicarage-road/morriston/swansea/sa6-6dh/20610141
This property is 113sqm so getting towards the 143sqm we have and sold in poor condition for £118k showing the value we can add by buying this for a lower value.

https://www.zoopla.co.uk/property/2-margam-avenue/morriston/swansea/sa6-8dg/20618579
This 2 bed is half the size of ours and sold for £103k in refurbished condition.

https://www.zoopla.co.uk/property/29-margam-avenue/morriston/swansea/sa6-8dg/20618606
This 2 bed is also half the size and sold in good but not refurbished condition for £102k.

https://www.zoopla.co.uk/property/69-crown-street/morriston/swansea/sa6-8bd/20618208
This 3 bed sold in poor condition for £83k showing the value to be had in the area with this property.

https://www.zoopla.co.uk/property/12-banwell-street/morriston/swansea/sa6-7bn/20615473
This property on the same road sold for £98k in refurbished condition, it is 68sqm so less than half the size.

https://www.zoopla.co.uk/property/79-martin-street/morriston/swansea/sa6-7bl/20615451
This is half the size and sold for £110k in very good condition.

This will easily rent for over £750pcm due to its size and £1,100+ if split into 2 properties.

Pictures


  • lON COED BRAN
  • Peniel road
  • dale close

Dale Close

This is a 2 bed property on the edge of Swansea in a sought after area called Fforestfach.  The property is small and in a poor condition as you will see from the photos.

It will make a great rental property or flip project.

Flip

20%+ or £17.5k+

Valuation

£100k

R.O.CE.

90%

Equity

£21k+

Money Left In

£4k

Months To 100% Return

13

Comparables

There are some great comparables for the area but nothing will trump the fact that the house next door sold in March 2019 for £94k.  It is only 48sqm whereas ours is 57sqm.  It is very similar in terms of design and build with a similar garden except it is smaller and, although decorated nicely, not refurbished with a dated kitchen.

https://www.zoopla.co.uk/property/35-dale-close/fforestfach/swansea/sa5-4nx/20590133

​There's also a 2 bed currently available for rent for £550 on the same street:

https://www.onthemarket.com/to-rent/property/sa5-4nx/?radius=0.25&view=grid

Pictures / video

It was hard to get images due to the mess and the electric being off inside the property so this video is best.


Recently Sold

  • SOLD - 3 Bed Terrace - £70k
  • sOLD - Off Market 3 Bed NP11
  • SOLD - 3 Bed Terrace

3 Bed Terraced House Swansea

A fantastic buy to let or flip opportunity available in Swansea that we have secured for £70,000

Valuation

£110k - £115k

R.O.CE.

56% - 149%

Equity

£21,600 - £27,000

Money Left In

£2,100 - £5,900

Months To 100% Return

8 - 21 Months

If you've never seen our calculations sheet before please click through to the investor information page that gives a full walk through of it and much more besides

The Refurb

This property requires a cosmetic refurbishment totalling £13,750

This will include an as new interior including a new kitchen and bathroom, freshly painted walls and new flooring throughout.

Rental Comparables

Rental comparables available for the area now showing a £650 pcm valuation:

  • SOLD - 3 Bed Semi - £70k
  • SOLD - 3 bed detached £85k
  • SOLD - - 59% ROCE
  • SOLD - 2 bed terrace

3 Bed Semi Detached

A fantastic buy to let or flip opportunity available in Swansea that we have secured for £70,000.

Valuation

£120k - £125k

R.O.CE.

52% - 95%

Equity

£22,000 - £27,000

Money Left In

£4,250 - £8,000

Months To 100% Return

20 - 23 Months

If you've never seen our calculations sheet before please click through to the investor information page that gives a full walk through of it and much more besides

The Refurb

This property requires a major refurbishment totalling £20,550

You will see on the itemised listing in the spreadsheet above that we have allocated monies for a Japanese Knotweed Management Programme.  This is the level of treatment required to make this property mortgageable.

The interior will be fresh and new, new kitchen, new bathroom, freshly painted walls and floors.

Our refurbishments are to the highest standards and oftentimes come with our unique 12 month warranty on works completed.

Rental Comparables

Rental comparables available for the area now showing a £650pcm valuation:

Contact us if you have any questions at all

Martin Howard – Director
E: martin@keypropertiesuk.co.uk
M: 07851 873995
T: 01749 605 037

Or book a call at a time that suits you

This property will go quickly so please show you're interest as soon as you can.