2-bedroom flat · SA4 4QB
For saleListed 54 daysAuction 21 Oct · tomorrow
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
£79,000 For sale by online auction on 21st October at 12:00 and ending on 22nd October at 12:00 Kindly visit our website: To register your interest.
All participants are required to pay a holding fee to bid in the online auction, with the winning bidder also paying a deposit of 10% of the final bid; the holding fee of the winning bidder is retained by the auctioneers.
In instances where a property is sold before the auction, no holding fee is necessary, but a buyers' premium is mandatory upon exchange.
The completion will take place 28 days post-exchange unless the contract specifies otherwise. Pre-auction offers are welcomed.
Property Auction Agent are delighted to offer to auction this well-presented two-bedroom apartment, situated within the popular residential area of Gorseinon, Swansea and offering an attractive opportunity for both owner-occupiers and investment buyers.
The accommodation is arranged around a practical layout comprising an entrance hall, open-plan kitchen/lounge, two bedrooms and a bathroom.
The property is well presented throughout and offers a purchaser the opportunity to acquire a home that could be occupied or rented with relatively little immediate work required.
The property has previously been marketed for rent at approximately £850 per calendar month, representing an approximate gross rental yield of 11.6%.
Situated within the popular residential area of Gorseinon, the property is conveniently positioned for a wide range of local shops, schools and amenities, together with good public transport links and easy access to Swansea, the M4 and surrounding areas.
With its practical accommodation, convenient location and strong rental appeal, the property presents an attractive opportunity for owner-occupiers and buy-to-let investors alike.
Full description Entrance hall: Accessed via a secure communal entrance with intercom entry system.
The entrance hall provides access to the open-plan lounge and kitchen, two bedrooms and bathroom, together with a useful storage cupboard and electric heater.
Open plan lounge & kitchen: 7.16m x 3.21m - Bright open-plan living space with double-glazed windows and electric heaters.
Kitchen: Fitted with a range of wall and base units with roll-top work surfaces incorporating a one-and-a-half bowl stainless-steel sink and drainer with mixer tap.
Integrated oven, hob and extractor hood, with space for washing machine and fridge freezer. Double-glazed window and part-tiled walls.
Bedroom 1: 3.42m x 3.21m - Double-glazed window and electric heater. Bedroom 2: 3.45m x 1.78m - Double-glazed window and electric heater.
Bathroom: Fitted with a suite comprising panelled bath with mixer shower over, pedestal wash-hand basin and low-level WC. Double-glazed window, electric heated towel rail and part-tiled walls.
Auction information please note It is the responsibility of all purchasers to conduct their own investigation with regards to all aspects of the property and seek legal advice.
The Legal Pack will be available on our website prior to the auction commencement. The legal pack can be downloaded through Payments To bid online, you will be required to pay a holding fee.
This will only be retained should you be the successful bidder. If you submit a pre-auction offer which is accepted by the vendor, a buyer's premium of £3,495 + VAT will be payable.
To exchange contracts, you will be required to pay a 10% deposit and sign the contract within 24 hours, with completion of the transaction and payment of the remaining balance due within 28 days, unless otherwise formally agreed.
Purchasers should always refer to the contract contained within the Legal Pack for confirmation of the applicable completion terms.
Due to the timescales involved, we strongly recommend ensuring that your finances are in place and that you have sought qualified legal advice prior to bidding or submitting a pre-auction offer.
Accommodation Well-presented two-bedroom ground-floor flat offering a bright open-plan lounge and kitchen, two bedrooms, bathroom and useful storage, with secure communal access.
Location Conveniently situated in the popular residential area of Gorseinon, within easy reach of the town centre, local shops, schools and amenities, with good transport links to Swansea and the M4.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 10, Village Drive, Swansea
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