2 Bedroom Terraced House (Now Sold)

Attlee Way, Cefn Golau, Tredegar, NP22 3TD

Further Information
Tenure
Freehold
Key Features
  • CALLING ALL INVESTORS
  • BE QUICK, THIS WON'T HANG ABOUT!
  • AGGRESSIVELY PRICED TO ATTRACT FAST SALE
Full Description

Purchase Price = £34,950 + vendor legals

Rental Income PA = £3,900 to £4,740+

Suitable for a serious buyer with the means to purchase all-cash and complete a refurbishment. (I'm not aware of any buy-to-let mortgage available to finance any property with a purchase price of under £40,000, hence this deal is only available to cash purchasers.) After refurbishment, the value of the property will be sufficient to secure a mortgage and so you may seek to recycle your initial capital after the work is done.

LHA Housing Benefit 2 bed rate pays £75/week (£325/month, £3,900/year). You may be able to achieve a higher rent by requesting a rent top-up, or by renting it to a working tenant. I note that other 2 bedroom properties are available locally for rent for up to £395/month (£4,740/year):

http://bit.ly/1y1E2kh

Full Market Value after refurbishment is conservatively estimated to be £50,000+. The most recent sold prices on the street fetched £60,000 and £82,000:

http://bit.ly/1NRVjhT

Rooms:

Hallway

Lounge

Dining Room

Kitchen

Bedroom One (double)

Bedroom Two (double)

Family Bathroom (first floor)

W/C (first floor)

Large Enclosed Rear Garden

More photos here: http://bit.ly/1CbRBKp. A video tour and viewings are available upon request.

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