127, Graig Road, Swansea, West Glamorgan, SA6 8PQ

Description

Two bedroom mid terrace property in need of full refurbishment throughout. Internally the property comprises an entrance hallway, lounge and kitchen to the ground floor. To the first floor there are two bedrooms and a bathroom. Externally the property benefits from a front courtyard and elevated rear garden.

Accommodation

Entrance hallway, lounge and kitchen to the ground floor; two bedrooms and a bathroom to the first floor; front courtyard and elevated rear garden.

Location

Located in the heart of Morriston, the property is conveniently positioned for access to a range of local amenities, shops, schools and transport links, while Swansea city centre and the wider surrounding areas are also within easy reach. Close to the M4 corridor.

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £62,000 to £141,000, but the evidence does not provide condition, size, bedroom or refurbishment details for the comparables. The £62,000–£69,000 sales form the lower evidence cluster, while £141,000 is a materially higher outlier. A cautious base GDV of £69,000 is used, with a broad evidence range of £62,000–£141,000. Full refurbishment costs and achievable rent cannot be established from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Do not commit to a bid until a full refurbishment survey, detailed works budget, rental appraisal and review of the special conditions are completed. The evidence is presently insufficient to select BTL, BRRR or flip with confidence.

Works Required

Full refurbishment throughout is stated as necessary. The precise scope, specifications and cost are unknown from the evidence. The property has EPC F; any energy-efficiency works should be assessed during due diligence rather than assumed here.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £69,000 base GDV, a 75% refinance indication is £51,750. However, refurbishment cost, acquisition cost beyond the known £1,800 admin charge, finance costs and achievable rent are unavailable, so cash left in and BRRR viability cannot be calculated.

Buy-to-Let Analysis

BTL analysis cannot be completed reliably because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property also requires full refurbishment, with refurbishment cost and total project cost unknown.

Flip Analysis

The same-road completed sales provide a broad resale reference of £62,000–£141,000, but comparable condition and specification are not supplied. A flip appraisal cannot establish a reliable surplus because full refurbishment costs and any selling allowance are unknown.

Investor Risks & Due Diligence

• Full refurbishment is required, but no costed scope is supplied.

• EPC is rated F, with the required improvement works unknown.

• Same-road sale prices vary materially from £62,000 to £141,000 and comparable condition/specification are not provided.

• No sufficiently specific rental evidence is available, so yield cannot be established.

• The seller may charge additional completion fees under the special conditions.

• Parking and heating details require confirmation from the auction centre.

Recommendation

Do not commit to a bid until a full refurbishment survey, detailed works budget, rental appraisal and review of the special conditions are completed. The evidence is presently insufficient to select BTL, BRRR or flip with confidence.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and a stated property layout, but comparable condition and specification are unknown; no rental evidence or refurbishment cost evidence is supplied, and additional seller fees may apply.