Investment Opportunity: 43 Ritson Street, Neath SA11 2RN - Tenanted Property in a Sought-After Area
This 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 house
Tenure: Freehold
Condition: Well-maintained and tenanted, offering a hassle-free investment with existing income
Location: Situated in a desirable area of Neath, close to local amenities and transport links Investment Potential:
Average Property Value: Approximately £80,639, with recent sales indicating a 4.0% increase over the past 12 months .
Rental Yield: Gross rental yields in the area range from 6.2% to 12.2%, depending on property type and condition .
Tenant in Situ: The property is currently tenanted, providing immediate rental income and reducing the void period for investors. Surrounding Area:
Transport Links: Briton Ferry Railway Station is approximately 600 meters away, offering convenient access to Neath, Swansea, and Cardiff. The M4 motorway is easily accessible, facilitating travel across South Wales.
Amenities: Local shops, schools, and parks are within walking distance, making it an attractive location for tenants.
Community: The area is predominantly residential, with a mix of owner-occupied and rented properties, contributing to a stable rental market .
Comparable Sales:
35 Ritson Street: Sold for £120,000 in February 2022, reflecting the potential appreciation in property values in the area .
36 Ritson Street: Sold for £72,000 in February 2024, indicating consistent demand for properties in this location .
This property offers a compelling opportunity for investors seeking a tenanted property in a well-connected and desirable area. For more information or to arrange a viewing, please contact us on[use Contact Agent Button].
Council Tax Band: B Tenure: Freehold Garden details: Rear Garden
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is 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.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Wisemove Estate Agents - Bridgend. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Wisemove Estate Agents - Bridgend for full details and further information.