This property presents a valuable investment opportunity in a sought-after residential area of Abertillery, characterized by strong demand from both buyers and renters. The house is in need of comprehensive refurbishment and modernization, providing a chance to significantly enhance its value. Refurbishment costs are estimated to be between £15,000 and £30,000, influenced by the chosen specifications and finishes. Comparable properties in the vicinity have recently achieved selling prices ranging from approximately £115,000 to over £145,000.
Situated on Commercial Road within a stable neighbourhood, this property benefits from increased interest due to its affordability and proximity to employment centers in Blaenau Gwent and the South Wales Valleys. Rental rates for similar properties nearby suggest potential monthly incomes of around £650 to £900, which translates to an attractive gross yield of 7-10%, depending on the final purchase price and finishing touches post-renovation.
The required work primarily consists of cosmetic upgrades that will keep the renovation budget reasonable and timelines manageable. This allows investors not only to modernize but also to improve the layout and finishes effectively.
Please be aware that any systems or services mentioned have not been tested by us; their condition will depend on the fixtures agreement with the seller. Upon acceptance of an offer, a deposit of £7,000 will confirm your intent to purchase, while a separate non-refundable reservation fee of £600 (including VAT) will also apply.
