Summary - Flat, 3-5 Collenna Road, Tonyrefail, PORTH CF39 8EL
3 bed 2 bath Semi-Detached
High-yield investment with conversion upside in central Tonyrefail.
£21,600pa current rents, c.11% initial gross yield
Freehold property sold via public auction; buyer’s premium applies
Mixed-use: ground-floor shop plus two flats; coach house vacant
Residential parts refurbished in 2016 (windows, kitchens, bathrooms, boilers)
Vacant coach house offers conversion potential subject to planning
Located in very deprived area with above-average crime — higher management risk
Small plot with private garden for ground-floor flat; on-street parking only
Reserve price can vary; consult legal pack for tenancy and title details
This substantial Victorian semi-detached building in central Tonyrefail offers a mixed-use income stream and clear upside for an investor prepared to act at auction. Current rents total £21,600pa, giving an initial gross yield of around 11% against the guide price, and the property is freehold (subject to legal pack verification). The main building contains a ground-floor commercial unit plus two flats; a detached coach house to the rear is vacant and ready for conversion or alternative use (subject to planning).
The residential elements were comprehensively refurbished in 2016 with new windows, kitchens, bathrooms and boilers, reducing immediate capital expenditure for those units. The shop benefits from large display windows and street presence; the first-floor flat has generous room proportions and bay windows. Access to the property is available from the front, side and rear, and there is a small private garden for the ground-floor flat. No flood risk is reported.
Important considerations: the lot sits in a very deprived area with above-average recorded crime, which may affect tenant demand and management overheads. The site is sold with existing tenancies for the shop and two flats, while the coach house is vacant; purchasers must consult the legal pack for tenancy details. The sale will be by public auction with a buyer’s premium of 1.2% (minimum £1,200 inc VAT) and a reserve price that may vary within +/-10% of the guide price.
This is a value-driven opportunity for a hands-on investor or small developer who can manage tenancies and deliver value from the vacant coach house and minor enhancements to boost rents. Expect on-street parking only, a small plot size, and typical Victorian maintenance considerations where improvement or conversion work is planned.
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