Overview

This 3 Bed mid terraced property is 2 storeys with front and rear garden and rear access.  It's located on a main bus route and close to a train station which the bus route serves.  The town centre is within 1 mile and contains national high street names.   This property also benefits from being close to schools, local shops and takeaways. 

Gallery

Location

The property is located in Caerau (Population 6765) on a major bus route to Maesteg (Population 20134) which has a train station with direct routes to the commercial hubs of Bridgend, Swansea and Port Talbot. 

*Population figures from 2011 census

Local Area  & Amenities

The property is Located in South Wales. It is within an area of mostly terraced properties giving traditional family households. 15-20 minutes walk to the train station. High street restaurants & takeaways, shops and bars within walking distance and a little further afield to major towns. On street unrestricted and abundant parking at the front of the property and rear garden lane access and storage.

Financial Information

The property was marketed at £65,000 and has been secured at £52,000.  

The street has an average estimated value of £116,676 and has enjoyed capital growth of approximately 24% over the last 5 years with further growth expected due to local increased demand and regeneration of the area.

Rental Income for this property would be in the region of £500 pcm which would equate to nearly 10% after factoring in refurb costs but excluding all fees.

Guaranteed rental may be available on this property.

As a part of our 21 point process we have a full calculations spreadsheet that we will give, show and walk through before you commit to purchase.

Downside

The housing market could be due a downturn and we expect price volatility with Brexit.  The rent yield is solid but in the event of market turmoil you would need to hold onto the investment for a while before house prices rise.  During periods of market turmoil, properties almost always  hold their value better than most stocks and currencies/cash.

We expect the value of this property to double over the next 20 years, property consistently does this across the board.

Refurbishment

1. Kitchen - £1,600

2. Bathroom - £900

3. Decoration - £1,500

4. Flooring - £1,200

5. Electrical works - £1,200

6. Internal doors and woodwork - £1,200

7. Plastering – £1,200

8. Heating works - £1,100

9. Garden & Exterior - £500

Total refurb for full package £10,400

Exit Strategies

Once refurbished your total spend will be around £68,000 and the house will have a market value of £75,000.  You could exit at that point but the returns would be low after agents fees so we recommend taking the 12.07% rent yield for 3 years until the Brexit volatility has died down before making the next decision on whether to stick with the rent yield or sell.
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After refurb you can take out a Buy To Let Mortgage and withdraw 75% of the value of the property - £56,785 which would leave you having £6542 left in which you would recover gross in 12 months and net, with management fees and a mortgage interest rate of 5% in 18 months, everything after that would be pure profit.

Comparables

Zoopla Comparable Properties with Same No. Bedrooms For Rent:

Similar House Style same layout within 1 mile £500 pcm

Zoopla Comparable Properties with Same No. Bedrooms Sold:

Sold for: £75,000 July 2014. Same House Style within 0.5 miles

Sold for: £76,000 Dec 2015. Same House Style within 0.5 miles

Zoopla Comparable Property with Same No. Bedrooms For Sale:

For Sale: £79,995. Same House Style within 0.5 miles

Terms

The information contained in this presentation is an overview of the

property and investment available. Please note at this stage it is within

non-disclosure status.

In order to secure the investment opportunity a £2000 non-refundable

deposit is required, along with ID and proof of funds.  Please note that if

you as the investor decide to pull out of the deal at any time the non-

refundable deposit will remain with Nest Wise Properties Ltd, unless

there is a change of circumstance with the vendor and out of our control.

(Should this situation occur, Nest Wise Properties Ltd shall refund the

deposit minus £500 covering our administration and time)

Fees

What Next

To secure this great opportunity today call or email Martin or Jeani - Phone - Email or click the button to get started.