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The Paddocks Margam, Port Talbot, SA13 2SR - Image 1
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The Paddocks Margam, Port Talbot, SA13 2SR - Image 6
The Paddocks Margam, Port Talbot, SA13 2SR - Image 7

The Paddocks Margam, Port Talbot, SA13 2SR

Wales

£490,000
Listed on 17/08/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property features a detached bungalow alongside a traditional stone-built cottage, both of which are in need of extensive renovation. Set within approximately 3.68 acres of land that includes well-maintained pasture and woodland, the site offers significant potential for transformation. The proximity to Brombil Reservoir—just 600 meters away—enhances its appeal for leisure or tourism developments, provided the necessary planning permissions are obtained. Furthermore, a successful application is already in place to convert the bungalow into a four-bedroom dormer home, coupled with improvements to vehicle access (Planning reference P2017/0428). Located in Margam, the property enjoys convenient access to local amenities and outdoor activities through nearby hiking trails and parks. This is an excellent opportunity for investors or developers looking to breathe new life into two distinct structures while capitalizing on generous land space.

Investment Analysis

(SA13 area)
Area Average
£146/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (SA13)

Area prices are rising by +2.3% over the last 12 months
3 year growth: 2.8%
5 year growth: 34.7%
Investment Disclaimer: Analysis based on SA13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Paddocks Margam, Port Talbot, SA13 2SR
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,795
Based on a loan of £367,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE