2 Bed Flat, Single Let, Wrexham, LL13 7SY, £110,000

Cobden Mill Watery Road, Wrexham, Clwyd, LL13 7SY - 10 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£59K - £231K
Sold Prices/m²£875/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£102,166

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£595 - £895

Rent Estimate

£595

Running Costs/mo

£483

Cashflow/mo

£112

Cashflow/yr

£1,347

ROI

4%

Gross Yield

6%

Local Sold Prices

38 sold prices from £59K to £231K, average is £100.5K. £875/m² to £3.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£96K12/220.12 mi1, St Giles Court, Wrexham LL13 7NR2
£88K01/210.17 mi35, Y Werddon, Wrexham LL13 7LT2
£136K10/220.43 miApartment 7, Tuttle Street Brewery, Tuttle Street, Wrexham LL13 7AA2
£138K09/220.44 miApartment 9, Tuttle Street Brewery, Tuttle Street, Wrexham LL13 7AA2
£141K12/230.44 miTuttle Street Brewery, Apartment 10, Tuttle Street, Wrexham LL13 7AA2
£102K03/230.49 mi13, Lorne Street, Wrexham LL11 2LR2
£96K11/220.73 mi11, Pendinas, Wrexham LL11 3BQ2
£105K11/220.78 mi68, Stockwell Grove, Wrexham LL13 7HL2
£86K04/220.81 mi76, Stockwell Grove, Wrexham LL13 7HL2
£82K04/240.81 mi7, Waterloo Close, Wrexham LL13 7HQ2
£91K05/210.82 mi39, Bentley Place, Wrexham LL13 8DQ2
£115K04/240.82 mi2, Bentley Place, Wrexham LL13 8DQ2
£100K06/230.82 mi1, Bentley Place, Wrexham LL13 8DQ2
£75K01/210.89 mi150, Stockwell Grove, Wrexham LL13 7HJ2
£82K06/210.95 mi5, Russell Grove, Wrexham LL12 7DG2
£82K06/210.95 mi5, Russell Grove, Wrexham LL12 7DG2
£125K10/231.15 mi48, Elm Grove, Acton, Wrexham LL12 7NR2
£66K07/211.16 mi165, Herbert Jennings Avenue, Wrexham LL12 7YB2
£112.5K12/221.16 mi163, Herbert Jennings Avenue, Wrexham LL12 7YB2
£127K11/221.16 mi165, Herbert Jennings Avenue, Wrexham LL12 7YB2
£88K01/211.17 mi162, Herbert Jennings Avenue, Wrexham LL12 7YD2
£76.5K11/201.18 mi16, The Laurels, Wrexham LL12 7NW2
£110K01/221.24 mi112, Rhosnesni Lane, Wrexham LL12 7NB2
£59K10/201.25 mi9, Atlea, New Broughton, Wrexham LL11 6UF2
£82.5K08/221.34 mi9, Britannia Close, Rhostyllen, Wrexham LL14 4BX2
£93.6K11/201.36 mi3, Trinity Close, Rhostyllen, Wrexham LL14 4AQ2
£101K04/231.37 mi164, Rhosnesni Lane, Wrexham LL13 9ES2
£101.5K04/221.38 mi5, Aldford Way, Wrexham LL12 7UU2
£110K03/211.38 mi3, Aldford Way, Wrexham LL12 7UU2
£102K01/211.39 mi2, Tapley Avenue, Wrexham LL12 7UY2
£102K01/211.39 mi2, Tapley Avenue, Wrexham LL12 7UY2
£231K04/211.4 mi45, Snowdon Drive, Wrexham LL11 2YD2
£122K02/241.45 mi68a, Dean Road, Wrexham LL13 9EH2
£96.7K12/221.51 mi26, Langford Close, Wrexham LL13 9EX2
£132K11/221.67 mi54, Lambourne Court, Gwersyllt, Wrexham LL11 4FD2
£122K08/221.75 mi34, Lambourne Court, Gwersyllt, Wrexham LL11 4FD2
£75K01/231.81 mi57, Wheat Close, Gwersyllt, Wrexham LL11 4UX2
£91K11/221.97 mi19, Bank Street, Southsea, Wrexham LL11 5PE2

Local Rents

28 rents from £595/mo to £895/mo, average is £773/mo.

RentDateDistanceAddressBeds 
£85002/250.02 mi-2
£69505/240.04 mi46 Llys Nantgarw, Watery Road, Wrexham, Wrexham (County of), LL13 7SX2
£72512/240.07 miLlys Nantgarw, Wrexham, LL132
£64005/240.07 mi20 Bright Street, Wrexham, LL13 7TN2
£85012/240.07 mi-2
£59505/240.14 mi10 Peel Street, Wrexham, LL13 7TR2
£80012/240.14 mi-2
£80012/240.14 mi-2
£85012/240.14 mi-2
£75005/240.15 mi15 Dolydd Road, Wrexham, Wrexham (County of), LL13 7TE2
£65012/240.17 mi31 Y Werddon, Pentrefelin, Wrexham, Wrexham (County of), LL13 7LT2
£65005/240.18 mi7 Gibson Street, Wrexham, Wrexham (County of), LL13 7TS2
£79505/240.19 miCaxton Place, LL112
£85012/240.25 miApt 57 Central Buildings,2
£70012/240.3 mi-2
£87512/240.31 miKing Street, Wrexham2
£75005/240.34 miAlexandra Road, Wrexham, LL132
£65005/240.35 mi30 Vernon Street,Wrexham,LL11 2LN2
£85007/230.36 mi-2
£85007/230.36 mi-2
£89507/240.36 mi-2
£75008/240.36 mi-2
£80010/230.37 mi-2
£82505/240.37 miEdward Street, Wrexham2
£62512/240.41 mi31 Wellington Road, Wrexham, Wrexham (County of), LL13 7PF2
£85005/240.46 miHirwaun, Wrexham2
£59510/230.5 mi1C The Gardens, Grove Road, Wrexham, Wrexham (County of), LL11 1DY2
£75005/240.53 mi-2

Local Area Statistics

Population in LL13

34,888

Population in Wrexham

134,792

Town centre distance

3.78 miles away

Nearest school

0.20 miles away

Nearest train station

0.12 miles away

 

 

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Price changed to £110,000

October 18, 2024

Listed for £117,500

May 9, 2024

Description

  • 2 Bed Apartment +
  • Close To Town Centre +
  • Allocated Parking +

NO CHAIN

2 Bedroom apartment in popular town centre development, ideal for investors and first time buyers alike.

Entrance Hall
Built in airing cupboard and storage. Intercom telephone. Wall mounted electric radiator. Two ceiling light points. Heating timer switch. Smoke detector.

Kitchen
3.2m x 2.39m
Contemporary base and wall mounted kitchen units, one concealing Zanussi washing machine. Built in Zanussi electric oven with matching four ring hob above and illuminating extractor over. Stainless steel 1.5 sink, drainer and mixer tap. Wood effect floor covering. Ceiling spotlighting and smoke detector.

Lounge / Diner
3.66m x 3.2m
Georgian style UPVC double glazed window to side. Two wall mounted electric heaters. Ceiling light point.

Bedroom 1
4.83m x 2.51m
Georgian style UPVC double glazed window to side. Wall mounted electric heater. Ceiling light point.

Bedroom 2
3.45m x 2.08m
Georgian style UPVC double glazed window to side. Wall mounted electric heater. Ceiling light point.

Bathroom
With fitted suite of panelled bath with shower attachment over and Perspex splash back shield, low level WC and pedestal wash hand basin. Part tiled walls. Tile effect floor covering. Heated towel rail. Ceiling spotlighting.

Directions
From Wrexham, proceed South past the Cats Protection Centre, and turn right at the mini roundabout. Cobden Mill is immediately to the right. Bear left at the main entrance.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

WRE240078/2

Agent Details

Reeds Rains, Wrexham

01978 804433

Next Steps?

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