9 Margam Street, Maesteg, Bridgend, CF34 0TH

Description

Buy To Let Opportunity - Mid Terraced House. Mid terraced house over two floors located just outside the town of Maesteg in the Duffryn area between Caerau and Nantyffyllon. The property requires refurbishment and benefits from three bedrooms and a rear garden. Ideal buy to let opportunity for the landlord / investor.

Accommodation

Ground Floor: Entrance hall, open plan living room / dining room, kitchen and bathroom. First Floor: Three bedrooms. Outside: Rear garden.

Location

Located just outside the town of Maesteg in the Duffryn area between Caerau and Nantyffyllon.

Tenure / Property Information

Investment Analysis

Sold evidence on Margam Street ranges from £48,000 to £149,950. The £55,000, £87,000 and £99,000 sales provide the most relevant immediate range, while the £149,950 sale is a higher outlier with no condition evidence supplied. A provisional base GDV of £87,000 is used, with £55,000 low and £99,000 high scenarios. This is not a formal valuation and requires inspection-based condition adjustment.

Investment Snapshot

Strategy Recommendation

Treat as a potential BTL only after an inspection and fixed refurbishment quote. Do not bid above a separately calculated maximum based on verified works, costs and achievable rent; current evidence is insufficient to support a flip or BRRR decision.

Works Required

The property is stated to require refurbishment, but no detailed defects or scope are supplied. Obtain a full inspection and contractor budget covering the existing accommodation, kitchen, bathroom, finishes and external rear garden condition before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the provisional £87,000 base GDV, 75% refinancing equates to £65,250. BRRR viability cannot be confirmed because refurbishment costs, finance costs, valuation certainty and total acquisition cost are unavailable. The refinance figure would not by itself recover the £75,000 guide price plus known £3,600 buyer and minimum admin charges.

Buy-to-Let Analysis

The supplied advertised asking rent is £900 pcm, producing £10,800 annual gross rent. At the £75,000 guide, the gross yield is approximately 14.4% before refurbishment, finance, management, voids, maintenance and auction costs. The known buyer premium and minimum admin charge add £3,600 before any other costs. Net returns cannot be established without a refurbishment budget and full cost assumptions.

Flip Analysis

A provisional base GDV of £87,000 is above the £75,000 guide, but the margin is before refurbishment, selling, finance, legal and other costs. Because no refurbishment allowance or supported selling-cost allowance is supplied, a reliable flip surplus and maximum bid cannot be calculated.

Investor Risks & Due Diligence

• The property is stated to require refurbishment, but the scope and cost are unknown.

• Same-street sold prices vary materially from £48,000 to £149,950, with no condition details supplied.

• The £900 pcm figure is an advertised asking rent rather than an achieved or passing rent.

• Known buyer premium and minimum admin charge total £3,600 at the £75,000 guide, with additional possible auction and legal costs.

• No supported refurbishment, finance, selling or ongoing operating-cost figures are available.

Recommendation

Treat as a potential BTL only after an inspection and fixed refurbishment quote. Do not bid above a separately calculated maximum based on verified works, costs and achievable rent; current evidence is insufficient to support a flip or BRRR decision.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and one advertised rent, but condition-adjusted GDV, refurbishment costs, achieved rent, finance costs and selling costs are not supplied.