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Neath SA11 3 bed terraced house for sale
Ritson Street, Neath
£79,995
Ritson Street, Neath
£79,995
Our Summary
- Investment Opportunity: 43 Ritson Street, Neath SA11 2RN - Tenanted Property in a Sought-After AreaThis well-positioned mid-terrace property at 43 Ritson Street, Neath SA11 2RN, is an excellent investment opportunity, currently tenanted and generating immediate rental income
- Property Highlights:Type: Mid-terrace houseTenure: FreeholdCondition: Well-maintained and tenanted, offering a hassle-free investment with existing incomeLocation: Situated in a desirable area of Neath, close to local amenities and transport linksInvestment Potential:Average Property Value: Approximately £80,639, with recent sales indicating a 4
- Comparable Sales:35 Ritson Street: Sold for £120,000 in February 2022, reflecting the potential appreciation in property values in the area
- Investment opportunity
Description
This mid-terrace property at 43 Ritson Street, Neath, is a sought-after investment opportunity, currently tenanted and generating immediate rental income. The property is well-maintained and located in a desirable area with easy access to local amenities, transport links, and the M4 motorway. With an average property value of approximately £80,639 and recent sales indicating a 4.0% increase over the past 12 months, this property offers significant potential for capital appreciation. The tenant in situ reduces the void period for investors, and the surrounding area is predominantly residential with a mix of owner-occupied and rented properties, contributing to a stable rental market. With a gross rental yield ranging from 6.2% to 12.2% depending on property type and condition, this property presents a compelling opportunity for investors seeking a tenanted property in a well-connected and desirable area.