🏡 Ren Opp: £80k Swansea 2-bed

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🏡 Renovation Opportunity Spotlight: Osterley Street, Swansea

Looking for a diamond in the rough to get stuck into in the new year? This property on Osterley Street, St. Thomas, Swansea, is priced at £80,000, offering the perfect blank canvas for an investor with vision. With comparable homes in the area selling for £134,000-£146,000 (up to +82.5%!), there's clear potential for a solid return—if you're ready to put in the work.

🔗 View on Rightmove 🔗 

How it could look…

The Numbers

Here’s the breakdown:

• Purchase Price: £80,000

• Stamp Duty + Legal Fees: ~£5,000

• Refurbishment Estimate: ~£20,000*
  (*Typical costs for a 2-bed terrace might include kitchen/bathroom upgrades, flooring, plastering, and light cosmetic work. Your mileage may vary!)

Estimated Total Investment: ~£105,000

With properties on the same street fetching £130,000+ after refurbishment, you could be looking at a potential uplift of £25,000-£40,000—not bad for a little elbow grease.

Why We Like It

• Comparable Sales: Nearby properties have sold for as high as £146,000, indicating strong resale potential.

• Area Growth: St. Thomas is benefiting from Swansea’s ongoing regeneration projects, making this a smart long-term play.

• Proximity Perks: Walking distance to public transport, local schools, and amenities.

Potential Challenges

• Refurbishment Budget: Always get a detailed survey to confirm costs. Unexpected issues like damp or structural problems can eat into your profits.

• Rental Yield: While this isn't a turnkey rental property, a post-renovation monthly rent of ~£750 could generate a 6-7% gross yield, assuming market rates.

Final Thoughts

This project isn't for the faint-hearted, but if you're comfortable rolling up your sleeves (or managing contractors), Osterley Street could deliver a healthy ROI. Start with a survey, crunch your numbers, and always leave room in your budget for the unexpected.

👉 Looking for renovation inspiration? Check out before-and-after renovation ideas on Instagram.

Would you take the leap on this property? Let us know your thoughts—and stay tuned for more renovation opportunities coming your way!

Happy hunting,
The Reno Hunter Team