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3 bedroom end of terrace house for sale
Chemical Road, Morriston, SA6
£87,000
Chemical Road, Morriston, SA6
£87,000
Our Summary
- This 3-bedroom end-terrace property presents a strong investment opportunity for cash or bridge buyers seeking a high-yield refurbishment project
- Located in a residential area with good local demand, it offers strong potential for both capital growth and rental income
- The property benefits from an existing ground floor extension at the rear; however, this area does require structural attention as part of the full refurbishment
- The rest of the property is structurally sound, allowing investors to focus efforts on modernising and increasing value
- With a purchase price in excess of £87K and an estimated refurbishment budget of approximately £40,000 (including structural work to the extension), this project offers significant uplift potential
Description
This 3-bedroom end-terrace property is a high-yield refurbishment project that offers strong potential for both capital growth and rental income. The property has an existing ground floor extension that requires structural attention, but the rest of the property is structurally sound. With a purchase price of over £87,000 and an estimated refurbishment budget of £40,000, the property has significant uplift potential, with an expected end value of £165,000+. Once refurbished, the property can achieve an estimated rental income of £10,800 per annum, offering yields of 8-9%. The location is desirable, with nearby schools, transport links, and amenities contributing to consistent demand.