- 1.6 miles from M4
- 3 double bedrooms
- Chain free
- Fitted Bathroom
- Fitted Kitchen
- Ideal investment
- Investment opportunity
- Potential Rental Income of £10,000+
This property listing is now SSTC
3 Bedroom Terraced House for sale in Neath
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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 01656870640.
Council Tax Band: B
Tenure: Freehold
Garden details: Rear Garden
Electricity supply: Mains
Heating: Gas Mains
Water supply: Mains
Sewerage: Mains
Broadband: FTTC
Lounge/Diner w: 4.58m x l: 6.58m x h: 2.67m (w: 15' x l: 21' 7" x h: 8' 9")
Laminate flooring, magnolia textured wallpaper with 2 walls painted red, white textured ceiling with 2 ceiling lights with fan, 2 white framed windows with curtains, 2 white radiators, 4 double plug sockets, fuse box, storage cupboard in alcove, open under the stairs storage
Kitchen w: 2.71m x l: 3.26m x h: 2.32m (w: 8' 11" x l: 10' 9" x h: 7' 7")
Grey carpet, PVC panelled walls, one grey painted wall, white textured ceiling with ceiling light and fan, white kitchen units with patterned worktop, boiler, one white framed window with roller blind, 5 double plug sockets, one white radiator, white door to back ground and door leading to bathroom
Bathroom w: 2.81m x l: 1.88m x h: 2.46m (w: 9' 3" x l: 6' 2" x h: 8' 1")
PVC panelled walls, brown Lino flooring, white ceiling with light and fan, one large white framed window with textured glass, white sink with silver taps, off white toilet with brown toilet seat, off white bath unit, one white radiator, silver towel rail radiator
Stairs w: 0.81m x l: 3.94m (w: 2' 8" x l: 12' 11")
Grey carpet, magnolia textured wallpaper, white banister
Landing w: 0.9m x l: 3.41m x h: 2.67m (w: 2' 11" x l: 11' 2" x h: 8' 9")
Grey carpet, magnolia textured wallpaper, white ceiling with light, door to bedrooms 1-3
Bedroom 1 w: 4.62m x l: 3.49m x h: 2.75m (w: 15' 2" x l: 11' 5" x h: 9' )
Grey carpet, magnolia textured wallpaper, white ceiling with light and fan, attic hatch, 2 white framed windows with curtains, 1 white radiator, 2 double plug sockets
Bedroom 2 w: 3.39m x l: 2.8m x h: 2.27m (w: 11' 1" x l: 9' 2" x h: 7' 5")
Red carpet, magnolia textured wallpaper, white ceiling with light, small white framed window with vertical blinds, one white radiators, chimney breast wall with alcoves either side, 1 double plug socket
Bedroom 3 w: 2.92m x l: 3.52m x h: 2m (w: 9' 7" x l: 11' 7" x h: 6' 7")
Bare walls with one wall with some wallpaper, beige carpet, white ceiling with light, one white framed window, 1 white radiator, 1 double plug socket
Important Information
- This is a Freehold property.
Property Ref: 534322_RS0545
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