Apartment 94 South Quay, Kings Road, Swansea, SA1 8AJ

Description

A purpose-built two-bedroom apartment located within Swansea Marina. The apartment forms part of the sought-after South Quay development and benefits from views across Swansea, double glazing and its own private balcony. The development is conveniently located with good access to Swansea city centre, Swansea Beach and the wide range of amenities the area has to offer.

Accommodation

Entrance hall, open plan living space, master bedroom with en suite, second bedroom and a bathroom.

Location

Located within Swansea Marina, forming part of the South Quay development, with good access to Swansea city centre, Swansea Beach and local amenities.

Tenure / Property Information

Investment Analysis

Five completed sales in the same South Quay development range from £120,000 to £182,950, with a median of £148,000 and an average of approximately £144,190. Because the comparables do not provide bedroom count, floor, size, condition, views, parking or lease details, the £148,000 base GDV is indicative only. A supported evidence range is £120,000 to £182,950. The legal pack, tenure and occupancy should be reviewed before bidding.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and confirming lease terms, service charges, ground rent, occupancy and any additional auction costs. The guide-to-comparable spread is potentially attractive, but the absence of rent and condition evidence makes BTL and refurbishment-led strategies unverified.

Works Required

No specific repair or refurbishment works are evidenced. EPC D is noted, but no improvement scope or cost can be supported from the supplied information. Allowance is therefore unquantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £110,000 guide and no quantified works allowance, base known project cost is £113,780 including the buyer premium and minimum admin charge. A 75% refinance against the indicative £148,000 base GDV would be £111,000, leaving approximately £2,780 of known cost unrecovered before finance, tax and other charges. Actual refinancing depends on the legal pack, lender valuation, lease terms, condition and rental assessment.

Buy-to-Let Analysis

BTL analysis cannot establish rent or yield because no sufficiently specific rental comparable or auctioneer rent estimate is provided. At the £110,000 guide, known purchase costs are £3,780: £1,680 buyer premium and £2,100 minimum admin charge. Service charges, ground rent, mortgage costs, insurance, voids and management costs are also unsupported.

Flip Analysis

Against the indicative £148,000 base GDV, the difference before selling costs, finance, tax and any works is £34,220 based on known acquisition costs. A formal flip surplus cannot be calculated because no selling-cost allowance or refurbishment budget is supplied. The wide comparable range creates material valuation risk.

Investor Risks & Due Diligence

• Legal pack, tenure and lease terms have not been supplied.

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

• Comparable sale prices vary materially from £120,000 to £182,950 and lack unit-specific attributes.

• No condition survey or refurbishment scope is provided.

• Service charges, ground rent, finance costs, tax, selling costs and other possible auction disbursements are unknown.

• The property is subject to EPC D, but the implications and any improvement costs are not evidenced.

Recommendation

Proceed only after reviewing the legal pack and confirming lease terms, service charges, ground rent, occupancy and any additional auction costs. The guide-to-comparable spread is potentially attractive, but the absence of rent and condition evidence makes BTL and refurbishment-led strategies unverified.

Strategy Rating

Analysis Confidence

There are five recent completed sales in the same development and clearly stated auction costs, but the comparables lack unit-specific details and there is no rent, condition, lease or service-charge evidence.