Mountain Ash retain for BTL or flip for profit
Figures in Brief
Description
A lovely 3 bed mid terrace property situated in the idyllic village of Penrhiwceiber, Mountain Ash, Aberdare. With a lovely entrance hallway, the property has a spacious lounge diner with room for improvement. Kitchen and bathroom on the ground floor situated at the rear of the property, with 3 bedrooms upstairs provide ample living space.
The property is in need of modernisation but has huge potential for the savvy investor. Situated close to road and rail links, it is in a very desirable area
Information
Status
Comparables
Lovely little family home in need of modernising, plenty of room to make this old house a new home.
Comparable 1 – £119,995 – Sold STC
Comparable 2 – £134,995 – Sold STC
Comparable 3 – £134,950 – Sold STC
OTHER PROPERTIES SOLD – 2019
£115,000 31 May 2019 – 19, Aberpennar Street, Mountain Ash, Rhondda Cynon Taff CF45 3LS
£113,500 30 Oct 2019 – 38, Aberpennar Street, Mountain Ash, Rhondda Cynon Taff CF45 3LS
CURRENT MARKET COMPARABLES:
Comparable 1 – £104,995 – 3 bed terrace
Comparable 2 – £105,000 – 3 bed terrace
Comparable 3 – £115,000 – 3 bed terrace
Comparable 4 – £114,995 – 3 bed terrace
Refurb
Refurbishments required as a minimum:
- New Kitchen(s).
- New 1 x Bathroom(s).
- 3 x Bedrooms: flooring, walls & ceiling.
- New 1 x Combination boiler & radiators.
- Damp proofing.
- Re-wire property.
- Rendering
- Garden, jet wash paving stabs and tidy walls. Trellis fencing for privacy.
Estimated Refurbishment Costs:
£20,000
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
MOUNTAIN ASH
The shops are centred on Oxford Street, which runs parallel to the Cynon at the foot of a steep slope densely chequered with mid-nineteenth century terraced houses.
Well stocked with traditional butchers, bakers and greengrocers as well as banks, travel agents and chemists, recent renovation has made the street an attractive blend of pastel-coloured buildings with pleasant views of the wooded hillsides above the town.
SCHOOLS
There are 3 local primary schools within 10 mins drive of the property.
Fire station, Police station, Hospital nearby.
RETAIL
Retail stores: Cooperative, Tesco, Asda, Wilko, Lidl, Aldi stores – within 20 minutes (drive) from property.
Family adventure parks like Dragons Den Soft Play, Bike Park, Dare Valley, Parkwood Outdoor Penderyn Distillery, Brecon Beacons National Park, Aberdare National Park and Taff Valley Quad Bike Park are all close by.
TRANSPORT
Excellent transport links to the A470 which allows you quick access to the M4. Swansea, Cardiff and Newport are all very close.
Car
- Penrhwceiber to Cardiff – 30 min
- Penrhwceiber to Aberdare – 15 mins
- Penrhwceiber to Newport – 45 mins
Train
Nearest Train Station : Penrhwceiber, 0.5 miles away
- Penrhwceiber to Cardiff – 36 mins
- Penrhwceiber to Aberdare – 14 mins
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.
