Summary - 1 GLANYMOR PARK DRIVE LOUGHOR SWANSEA SA4 6UQ
3 bed 1 bath Detached
Auction refurbishment project near Gower — short lease, cash buyers preferred.
Three-bedroom detached house, approximately 1,107 sq ft
A spacious three-bedroom detached house offering 1,107 sq ft of accommodation and garden space in Loughor, within easy reach of local shops, bus links, the Gower Peninsula and the M4. The property has gas central heating, double glazing and off-street parking — useful fundamentals for a refurbishment project or rental conversion.
This is a clear renovation opportunity: the house requires updating throughout, with dated interiors and some external maintenance visible. It will be sold at auction with associated fees and a legal pack; buyers should allow for refurbishment costs and the usual auction payment timetable.
The material constraint is the remaining lease term: 51 years. Many mortgage lenders refuse to lend on properties with short leases, so purchase will likely require cash or specialist funding. Also note the administration fee (1.2% inc VAT, minimum payable) and a buyer’s premium of £1,500 inc VAT payable on exchange.
For cash buyers or investors prepared to renovate, the location and footprint present potential for a value-add project. For anyone seeking mortgage finance or a move-in-ready home, the short lease and required works are significant drawbacks and should be investigated in the legal pack before bidding.
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