3 bed terraced house for sale

Ritson Street, Neath SA11

Description

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 .

Council Tax Band: B
Tenure: Freehold

Lounge/Diner (6.58m x 4.58m)

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 (3.26m x 2.71m)

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 (1.88m x 2.81m)

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 (3.94m x 0.81m)

Grey carpet, magnolia textured wallpaper, white banister

Landing (3.41m x 0.90m)

Grey carpet, magnolia textured wallpaper, white ceiling with light, door to bedrooms 1-3

Bedroom 1 (3.49m x 4.62m)

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 (2.80m x 3.39m)

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 (3.52m x 2.92m)

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