Porth delivers dual exit Buy to Let or Flip
Figures in Brief
Description
An amazing semidetached house in the desirable location of Gilfach Goch, Porth. A full refurbishment project with the ability to produce a master peace of your own making.
Huge opportunity to benefit from the local government schemes providing grant funding for refurbishments.
Information
Status
Comparables
Amazing opportunity to take a run down and derelict property and turn it into the family home it deserves.
Comparable 1 – £150,000
Comparable 2 – £135,000
Comparable 3 – £175,000
Refurb
Refurbishments required as a minimum:
- Build and construct all internal walls and floors
- Complete and renovate extension
- Damp proof house
- Plaster and decorate house
- New carper and floors
- New kitchen and bathrooms through out
- Wire and heating required
- Replace all windows and doors
- Paint and decorate external house
- Tidy and make good the garden
Estimated Refurbishment Costs:
£35,000
Please note these are based on average prices from previous projects and would need a firm quotation from a local builder. AI Property Group can provide details builders that we have worked with previously.
Flip Figures (Buy, Refurb, Sell)
BTL Figures (Buy to Let)
Disclaimer: Perform your own Due Diligence. The ROI above is not a guaranteed return and is an indication of the potential based on achieving the relevant figures in all aspect of the purchase, refurbishment and refinance/resale. All figures will be subject to the buyer’s status and market fluctuations.
Area Description
PORTH
Gilfach Goch is a community, electoral ward and small former coal mining village in the Borough of Rhondda Cynon Taf, south Wales, near the larger community of Tonyrefail. It is situated in the Cwm Ogwr Fach between the Cwm Ogwr Fawr to the west and the Cwm Rhondda to the east
It is situated very close to Porth, which in Wales means gateway.
New infrastructure, bypass and commuter links have brought the retail parks of Talbot Green and Cardiff much more accessible. The regeneration plan for Porth and surrounding areas will see the installation of a transport hub. This will include a bus interchange, taxi rank, cycle storage and train station links.
PLANNED IMPROVEMENT WORKS
The projects planned as part of RCT’s Porth Regeneration Strategy
New transport hub and station quarter: At the site of the Alec Jones Day Centre will be a bus interchange, taxi rank, cycle stores and train station lines.
Porth Plaza as a community hub: Where a range of council services will be available under one roof.
Additional parking for the town centre: New long and short0term parking options.
Public realm improvements: Which will make the street look more attractive.
Town centre maintenance grant: Will offer businesses the opportunity to apply for funding to improve shop fronts.
Redevelopment of former Porth Junior School site: Which will help diversify housing stock.
All of these will provide great access to local amenities along with bring the major city of Cardiff much close via transport links.
TRANSPORT
Car:
- 15 minutes to Pontypridd
- 15 minutes to Talbot Green
- 30 minutes to Cardiff
- 30 minutes to Brecon
- 30 minutes to Swansea
Train:
- Nearest Train Station : Tonypandy, approximately 2.8 miles away
AI Property Group operates in trust with its potential investors. AI Property Group takes no responsibility if deals “fall through” for matters out of our control. It is always highlighted that property investment carries an element of risk and ultimately a deal may not be successful. Therefore deal owners are advised to carry out their own due diligence to confirm for themselves the findings AI Property Group present. AI Property Group has no control of the UK property market prices and investments can be lost or profit margins shortened with the fluctuating market
We offer a complete service from sourcing and finding the right deal, negotiating the price, helping with the finance, organising conveyancing and refurbishments as well as letting and managing your property.
We source, manage and fully transform properties into new homes.
