News Buying In Port Talbot
Published by Natalie on 20th April, 2017
BUYING IN PORT TALBOT
Hazel Bradbury of Payton Jewell Caines says that Port Talbot is still THE place to buy….
More than 37,000 people call Port Talbot home and it’s easy to see why.
Famous for the steelworks, Port Talbot is a favorite property hotspot for those looking for affordable housing that offers great access on the M4 both East to Cardiff and West to Swansea and beyond.
From large executive homes to modern first time properties and great buys for investors, Port Talbot sits on the Eastern edge of Swansea Bay and has benefitted from some significant investment over recent years.
Aberavon seafront has one of Wales’ longest beaches with a great promenade and plenty of activities that are enjoyed all year round by the young and old alike. Modern two bedroom apartments with sea views can be bought here for around £115,000 making the area a popular choice with young professionals. There is also a good choice of more traditional terraced housing for investors and first time buyers in Aberavon with prices starting at around £70,000.
Margam Village and Baglan both offer an impressive choice of property for those with slightly higher budgets. For example, Pentalya is a large four storey Victorian property with six bedrooms, with a self-contained lower ground floor offering two further bedrooms. Priced at £225,000 it offers plenty of room for a growing family!
The ever popular residential development of Margam Village is set in a semi-rural location yet is less than five minutes off junction 37 or 38 of the M4. A detached four bedroom property here will cost anywhere from £220,000 upwards. 11Tir Celyn enjoys a large corner plot and is priced at £279,950.
For families and first time buyers looking for more affordable options then Sandfields remains as popular as ever with many properties selling very quickly in this area. For example, we have recently sold a lovely three bedroom semi on Crimson Avenue which benefitted from open plan living and was on the market for just £120,000.
Of course, Port Talbot also offers a particularly strong rental market and is therefore favored by investors. With yields in the region of 7%, it’s a popular location for landlords who are looking to maximise their return on investment.