131A Long View Road, Clase, Swansea, SA6 7HP

Description

A two-bedroom first-floor apartment located in Swansea. The property benefits from good access to local amenities and transport links, including the M4 motorway at Junction 46. The DVLA Headquarters is also within walking distance. The accommodation benefits from double glazing and a private rear staircase. The property requires renovation throughout and would make an ideal purchase for a property investor.

Accommodation

Living / dining room, kitchen, two bedrooms and a bathroom.

Location

Good access to local amenities and transport links, including the M4 motorway at Junction 46. The DVLA Headquarters is within walking distance.

Tenure / Property Information

Investment Analysis

The only supplied sold evidence is four £85,000 leasehold flat/maisonette transactions from February 2007, including the subject address. These sales are too historic to support a current GDV or reliable auction valuation, particularly as the apartment requires renovation throughout. No current comparable sales, rental evidence or lease details were supplied.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence. Obtain a current valuation, detailed renovation quotation, lease review and rental assessment before considering the property.

Works Required

Renovation throughout, as stated in the description. The available evidence does not identify specific defects, required trades or a reliable works budget, so no detailed scope or cost can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable because current GDV, refurbishment cost, achievable rent and lease details are unavailable. The historic £85,000 comparable evidence cannot reliably establish refinance value today.

Buy-to-Let Analysis

BTL returns cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate was supplied. The guide price is £60,000, with a £1,500 buyer premium and an administration charge of £2,100 at that price, before any refurbishment, finance or other possible fees.

Flip Analysis

A flip appraisal cannot be supported. The only supplied sales are from 2007, while renovation cost, current resale value and selling costs are unknown. Additional auction costs include the £1,500 buyer premium and £2,100 administration charge at the guide price, with other possible fees also stated.

Investor Risks & Due Diligence

• Renovation throughout is stated, but the scope and cost are unknown.

• The only sold comparables are from 2007 and may not represent current market value.

• No sufficiently specific rental evidence or passing rent is available.

• Lease term, service charge, ground rent and other lease obligations are not supplied.

• Additional search, seller, legal and transfer costs may apply.

• The property is leasehold, creating reliance on unavailable lease information.

Recommendation

Do not bid on the current evidence. Obtain a current valuation, detailed renovation quotation, lease review and rental assessment before considering the property.

Strategy Rating

Analysis Confidence

Evidence includes only stale 2007 sales and no current GDV, rent, refurbishment budget, lease information or occupancy details. Key auction charges are supplied, but the core investment inputs are unsupported.