20 Craig-Fryn Terrace, Bridgend, Mid Glamorgan

Description

Renovation project in a semi-rural village location. Three-bedroom semi-detached property comprising open-plan living and dining room, separate dining room, kitchen and utility area with access to the rear garden. To the first floor are three bedrooms and a bathroom. Externally the property enjoys front-facing views over the surrounding area. Suitable for investors, developers, or buyers seeking a renovation project.

Accommodation

Open-plan living and dining room, separate dining room, kitchen, utility area with access to the rear garden, three bedrooms and a bathroom.

Location

Nantymoel is a popular village situated in the Ogmore Valley, approximately 8 miles north of Bridgend town centre. It is surrounded by countryside and rolling hills and benefits from local shops, schools, leisure amenities and public transport services. Bridgend provides a wider selection of retail, dining and recreational opportunities, together with road links via the M4 corridor.

Tenure / Property Information

Investment Analysis

The strongest evidence is 16 Craig Fryn Terrace, the same terrace, sold for £140,000 in February 2024. Other same-terrace sales range from £65,000 to £120,000 between 2018 and 2021. A base GDV of £140,000 is supported by the latest comparable, but the subject property's renovation condition and the comparable's condition are not supplied. A cautious evidence-based scenario range is £95,000 to £140,000.

Investment Snapshot

Strategy Recommendation

Investigate only as a potential refurbishment and resale project. Do not commit to a maximum bid until the property's condition, required works, parking/heating position and Special Conditions fees are verified.

Works Required

The property is described as a renovation project, but no specific defects or scope are provided. Obtain a full survey and contractor quotations before pricing works; only the existing kitchen, utility area, bathroom and general accommodation can be inspected and assessed from the supplied description.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £69,000 guide, the purchase price is materially below the £140,000 latest same-terrace sale, but refurbishment cost, condition, finance costs and other completion charges are unknown. A 75% refinance against the £140,000 base GDV would be £105,000, but cash left in cannot be calculated without a supported total project cost.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent and gross yield cannot be established. The £1,800 inclusive-of-VAT contract documentation fee is known, while seller-charged completion fees may also apply.

Flip Analysis

The latest same-terrace sale supports a potential £140,000 resale benchmark, but no refurbishment allowance, selling allowance or condition-adjusted resale evidence is available. Flip surplus therefore cannot be calculated reliably.

Investor Risks & Due Diligence

• Renovation scope and property condition are unspecified, preventing a reliable works budget.

• The £140,000 GDV benchmark is based on a single latest same-terrace sale whose condition is not supplied.

• No sufficiently specific rental evidence is available, so BTL income and yield cannot be assessed.

• Parking and heating require confirmation from the auction centre.

• Seller-charged completion fees may apply under the Special Conditions of Sale.

Recommendation

Investigate only as a potential refurbishment and resale project. Do not commit to a maximum bid until the property's condition, required works, parking/heating position and Special Conditions fees are verified.

Strategy Rating

Analysis Confidence

There are several same-terrace completed sales and a known guide price, but no inspection-level condition detail, refurbishment quotations, rental evidence, EPC, heating or parking confirmation, or complete fee schedule.