3 Bed Bungalow, Refurb/BRRR, Llanrwst, LL26 0UU, £285,000

Llanddoged, Llanrwst, LL26 0UU - a year ago

Refurb/BRRR
~93 m²
+7 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£17,200

Refurb Costs

£37,989

Bridging Loan Interest

£7,481

Total Cash In

£135,671

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£284,375

Mortgage (After Refinance)

£213,281

Mortgage LTV

75%

Cash Left In

£135,671

Equity

£71,094

Rent Range

£695 - £1,100

Rent Estimate

£848

Running Costs/mo

£1,078

Cashflow/mo

£-230

Cashflow/yr

£-2,763

Gross Yield

4%













Local Rents

8 rents from £695/mo to £1.1K/mo, average is £823/mo.

RentDateDistanceAddressBeds 
£1,10005/240.57 miTyddyn Mali, Ffordd Trwyn Swch, Llanddoged, LL26 0DZ2
£75005/241.9 miTan Y Fedw, Trefriw2
£95005/241.92 miBlaen Nant, Llanrwst, LL26 0NG3
£69512/242.08 mi-3
£85002/252.14 mi-3
£85002/242.15 mi-3
£79506/242.17 miWatling Street, Llanrwst, Conwy, LL263
£79506/242.23 miConwy Terrace, Llanrwst, Conwy (County of), LL262

Local Area Statistics

Population in LL26

4,383

Population in Llanrwst

4,528

Town centre distance

2.38 miles away

Nearest school

0.80 miles away

Nearest train station

1.86 miles away

 

 

Rental growth (12m)

-9%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £285,000

October 31, 2023

Description

A detached 3 bedroom spacious bungalow occupying a rural setting in the Conwy Valley. Agricultural Occupancy Restriction Applies.

Individual detached bungalow with integral garage and uPVC double glazing. Affording entrance porch, reception hall, lounge, dining kitchen, utility room, WC, bedroom 1, bedroom 2, bedroom 3, bathroom. Set within own gardens and approached over shared farm driveway. Views over open farmland extending across the Conwy Valley. Some modernisation required. Please note this property may only be occupied by persons involved in the agricultural industry.

Accommodation: - The accommodation affords: (approximate measurements only)

Enclosed Front Entrance Porch: - Timber and glazed door leading to:

Reception Hall: - Coved ceiling; double panelled radiator; dado rail.

Lounge: - 6.29m x 3.57m (20'7" x 11'8") - Brick fireplace surround with tiled hearth, side plinth; two double panelled radiators; picture rail; coving; uPVC doubel glazed window overlooking side elevation enjoying views.

Dining Kitchen: - 4.15m x 4.48m (13'7" x 14'8") - Base and wall units; Rayburn cooking range (not tested); cooker point with extractor above; plumbing for automatic washing machine; single drainer sink with mixer tap; uPVC double glazed window overlooking side elevation; double panelled radiator.

Utility Room: - 3.46m x 2.39m (11'4" x 7'10") - Single drainer sink; base and walls cupboards; wall tiling; built-in cupboard housing electric meters; double panelled radiator; walk-in larder cupboard.

Wc: - low level suite and wash basin.

Bedroom 1: - 4.5m x 3.66m (14'9" x 12'0") - uPVC double glazed window with views; radiator.

Bedroom 2: - 3.99m x 3.14m (13'1" x 10'3") - Double panelled radiator; uPVC double glazed window overlooking rear; coved ceiling.

Bedroom 3: - 3.98m x 3.32m (13'0" x 10'10") - uPVC double glazed window overlooking side and front elevation; radiator; coved ceiling.

Outside: - Integral car garage with twin timber doors, side uPVC double glazed window and personal door. Power and light connected. The property is approached over a shared farm track and comprises level lawned gardens to side elevation, paved patio area and outside hard standing parking for several vehicles.

Agents Note: - Please note that the property is subject to an Agricultural Occupancy Condition which restricts the ownership to persons involved in the agricultural or forestry industry. Please ask the agents for further information.

Services: - Mains electric, shared water supply. Joint private drainage. The current heating is by way of a shared Biomass system but a new buyer will need to reinstate oil, gas or any other suitable heating system.

Viewing Llanrwst - By appointment through the agents Iwan M Williams, 5 Denbigh Street, Llanrwst, tel , email

Directions: - From Llanddoged village continue to the parish of Maenan towards Salem Chapel, just before one drops down towards Salem Chapel the property will be viewed on the left hand side.

Agent Details

Iwan M Williams, Llanrwst

01492 551350

Next Steps?

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