3 Bed Bungalow, Refurb/BRRR, Wrexham, LL12 8ET, £365,000

Yew Tree Court, Gresford, Wrexham, LL12 8ET - 2 views - 10 months ago

Sold STC
Refurb/BRRR
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£108K - £475K
Sold Prices/m²£1.3K/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.9K/m²

Value Estimate

£205,753

 

 

End Value (After Refurb)

£320,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£25,200

Refurb Costs

£37,989

Bridging Loan Interest

£9,581

Total Cash In

£165,771

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£320,000

Mortgage (After Refinance)

£240,000

Mortgage LTV

75%

Cash Left In

£165,771

Equity

£80,000

Rent Range

£595 - £1,750

Rent Estimate

£1,005

Running Costs/mo

£1,221

Cashflow/mo

£-216

Cashflow/yr

£-2,592

Gross Yield

3%

Local Sold Prices

50 sold prices from £108K to £475K, average is £237.5K. £1.3K/m² to £4.2K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£260K09/210.08 mi7, Greythorne Close, Gresford, Wrexham LL12 8HS3
£190K06/210.09 mi42, Winchester Way, Gresford, Wrexham LL12 8HL3
£320K11/220.1 mi30, Greenway View, Gresford, Wrexham LL12 8HR3
£385K10/210.15 miThe Croft, High Street, Gresford, Wrexham LL12 8PS3
£227K04/210.19 miRose Cottage, Narrow Lane, Gresford, Wrexham LL12 8EN3
£227K04/210.2 miRose Cottage, Narrow Lane, Gresford, Wrexham LL12 8EN3
£220K10/230.21 mi12, Winchester Way, Gresford, Wrexham LL12 8HG3
£171.5K03/210.25 mi5, Poplar Avenue, Gresford, Wrexham LL12 8EP3
£160K03/210.25 mi9, Poplar Avenue, Gresford, Wrexham LL12 8EP3
£160K03/210.25 mi9, Poplar Avenue, Gresford, Wrexham LL12 8EP3
£160K03/210.25 mi9, Poplar Avenue, Gresford, Wrexham LL12 8EP3
£252K11/200.26 mi4, Annefield Park, Gresford, Wrexham LL12 8NS3
£156K08/230.26 mi23, Annefield Park, Gresford, Wrexham LL12 8NS3
£165K04/210.27 mi35, Narrow Lane, Gresford, Wrexham LL12 8EH3
£218K04/230.27 mi29, Narrow Lane, Gresford, Wrexham LL12 8EH3
£205K11/220.28 mi20, Annefield Park, Gresford, Wrexham LL12 8NS3
£240K06/230.3 mi5, Chestnut Close, Gresford, Wrexham LL12 8ER3
£307K04/230.33 mi18, Pant Olwen, Gresford, Wrexham LL12 8ES3
£250K11/220.36 mi11, Bodwyn Park, Gresford, Wrexham LL12 8NP3
£202.5K04/210.38 mi13, Maxwell Close, Gresford, Wrexham LL12 8UD3
£240K05/210.39 mi4, Maxwell Close, Gresford, Wrexham LL12 8UD3
£290K12/230.41 mi20, Bodwyn Crescent, Gresford, Wrexham LL12 8NQ3
£235K06/230.41 mi77, Bodwyn Crescent, Gresford, Wrexham LL12 8NQ3
£320K08/230.41 mi2, Bodwyn Crescent, Gresford, Wrexham LL12 8NQ3
£245K04/230.52 mi11, Nayland Avenue, Gresford, Wrexham LL12 8YU3
£230K06/210.52 mi3, Farriers Walk, Gresford, Wrexham LL12 8PH3
£250K11/220.52 mi20, Nayland Avenue, Gresford, Wrexham LL12 8YU3
£325K11/230.55 miApexia, Pant Lane, Gresford, Wrexham LL12 8SG3
£265K04/210.59 mi2, Oak Drive, Marford, Wrexham LL12 8XT3
£281K05/230.6 mi11, Sycamore Drive, Marford, Wrexham LL12 8XU3
£305K04/210.68 mi24, Gorse Crescent, Marford, Wrexham LL12 8LZ3
£150K12/200.68 mi96, Council Street, Llay, Wrexham LL12 0LW3
£108K12/200.72 mi5, Victory Place, Llay, Wrexham LL12 0LR3
£330K10/230.73 mi72, Woodridge Avenue, Marford, Wrexham LL12 8SS3
£265K11/200.73 mi40, Woodridge Avenue, Marford, Wrexham LL12 8SS3
£335K09/230.73 miIngledene, Wynnstay Lane, Marford, Wrexham LL12 8LF3
£175K06/230.74 mi38, Vale View Estate, Llay, Wrexham LL12 0NH3
£157K11/210.74 mi109, Council Street, Llay, Wrexham LL12 0LP3
£290K01/210.76 mi11, Woodridge Avenue, Marford, Wrexham, Clwyd LL12 8SU3
£280K12/210.77 mi2, Juniper Close, Marford, Wrexham LL12 8XH3
£168K11/220.78 mi1, Laburnum Court, Llay, Wrexham LL12 0SQ3
£290K06/210.8 mi51, Stancliffe Avenue, Marford, Wrexham LL12 8LN3
£475K07/230.82 mi10, Sunnyridge Avenue, Marford, Wrexham LL12 8TE3
£138K03/210.82 mi47, Nantygaer Road, Llay, Wrexham LL12 0SL3
£155K11/220.82 mi55, Nant Y Gaer Road, Llay, Wrexham LL12 0SL3
£150K03/230.83 mi1, Eleventh Avenue, Llay, Wrexham LL12 0SN3
£210K08/230.83 mi55, St Davids Crescent, Llay, Wrexham LL12 0PP3
£250K06/230.83 mi33, St Davids Crescent, Llay, Wrexham LL12 0PP3
£135.5K11/200.85 mi7, Pentre Street, Llay, Wrexham LL12 0NB3
£240K04/210.85 mi7, Forest Road, Llay, Wrexham LL12 0UB3

Local Rents

42 rents from £595/mo to £1.8K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£95012/240.17 miPant Lane, Gresford, Wrexham, LL123
£80005/240.18 mi4 Lake View, High Street, Gresford, LL12 8PU 2
£1,50012/240.32 miChapel Fields, Pont-Y-Capel Lane4
£65012/240.32 mi46A Chester road. Gresford LL12 8NE2
£75012/240.37 mi-2
£89505/240.41 miTrewythan Cottage, Vicarage Lane, Gresford, Wrexham2
£79508/230.66 mi-3
£1,50005/240.84 miGarston Fields, Llay, LL124
£1,20012/241.01 miMarford Hill, LL122
£77505/241.01 miApartment 1 above Croes howell, Nr Rossett, LL12 0NY1
£90005/241.01 miApartment 3 Croes howell, Nr Rossett, LL12 0NY2
£90005/241.14 miThird Avenue, Llay3
£1,27512/241.34 mi-3
£65008/231.53 mi-2
£1,45002/251.58 mi-2
£1,45002/251.58 mi-2
£1,65012/241.91 miHarwoods Lane, Rossett5
£72505/241.93 mi24 Kenyon Avenue, Wrexham, Wrexham (County of), LL11 2ST3
£75012/241.97 mi-2
£1,40012/241.97 miThe Green, Rossett3
£89503/252.05 mi-3
£59502/252.06 mi-2
£1,75008/242.09 mi-3
£92505/242.09 miHardwick Drive, Gwersyllt, LL113
£85005/242.11 mi105 Derwent Crescent, Wrexham, Wrexham (County of), LL12 7YW3
£90008/242.14 mi-3
£1,20011/242.22 mi-3
£65012/242.24 mi-2
£67501/252.24 mi-2
£1,10005/242.27 mi5 Thor Court, Jutland Grove, Gwersyllt3
£69505/242.28 mi152 Rhosnesni Lane, Wrexham, LL13 9ES3
£82512/242.32 miShaftesbury Avenue, Gwersyllt, LL112
£1,25005/242.36 mi-3
£1,19512/242.36 mi-3
£1,25005/242.36 miFairmount Road, Wrexham, LL133
£89510/232.37 mi1 Corner Cottages, Rossett Road, Trevalyn, LL12 0ER2
£95005/242.39 miWoburn Close, Wrexham3
£85001/252.41 mi-3
£1,30012/242.43 miBorras Hall Lane, Llan-Y-Pwll, Wrexham4
£90005/242.45 mi-3
£85012/242.46 miCorner House Farm, Rossett, LL123
£75012/242.47 mi-2

Local Area Statistics

Population in LL12

28,275

Population in Wrexham

134,792

Town centre distance

6.91 miles away

Nearest school

0.20 miles away

Nearest train station

2.09 miles away

 

 

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £365,000

May 31, 2024

Floor Plans

Description

  • A 3 bedroom detached bungalow +
  • Occupying generous grounds +
  • In need of internal modernisation but with fantastic potential +
  • Popular village location +
  • Spacious lounge/dining room +
  • VIEWING HIGHLY RECOMMENDED +

Occupying a generous plot and situated within a cul-de-sac location in the desirable village of Gresford this is a wonderful opportunity to purchase this 3 bedroom detached bungalow. The property offers spacious living accommodation in need of some internal modernisation but with fantastic potential and really must be viewed to be appreciated. A real feature of the property are the generous grounds with a large front garden with ample parking and again an impressively generous garden to the rear. The popular village of Gresford benefits from a wealth of local amenities including various shops, good primary school and has excellent access to Wrexham and Chester either via car or the frequent bus service.

Entrance Hallway - With carpeted flooring, door to the w.c and the lounge.

W.C - 1.49m x 1.53m (4'10" x 5'0") - Fitted with a low level w.c, pedestal wash hand basin, carpeted flooring, coat hanging space.

Lounge/Dining Room - 6.21m max x 6.79m max (20'4" max x 22'3" max) - An impressively spacious room with a central stone fireplace with inset living flame gas fire, carpeted flooring, serving hatch into the kitchen, 3 double glazed windows.

Kitchen - 3.51m x 3.05m (11'6" x 10'0") - Fitted with a range of matching wall, drawer and base units, working surface with inset 1 1/4 sink and drainer, plumbing for a washing machine, space for a refrigerator, space for a cooker, part tiled walls, tiled flooring, double glazed window looking into the garden room.

Garden Room - 4.11m x 3.77m (13'5" x 12'4") - Looking out on to the garden with tiled flooring, sliding doors and door into the garage.

Inner Hallway - With carpeted flooring, door to a cupboard housing the hot water tank, window, access to the loft space.

Bedroom 1 - 3.97m x 3.06m (13'0" x 10'0") - A spacious bedroom with a double glazed window to the side, fitted wardrobes with sliding mirrored doors, carpeted flooring.

Bedroom 2 - 3.40m x 3.05m (11'1" x 10'0") - A double bedroom with a double glazed window to the rear, carpeted flooring, fitted wardrobes with high level units.

Bedroom 3 - 3.04m x 2.69m (9'11" x 8'9") - With a double glazed window to the side, carpeted flooring.

Bathroom - 2.37m x 1.66m (7'9" x 5'5") - Fitted with a low level w.c, pedestal wash hand basin, bath with shower over, fully tiled walls, double glazed window.

Outside - A real feature to this property are the generous grounds in which it sits. To the front is a well maintained shaped lawn with well established borders, a brick paved area adjacent to the front of the property and a concrete driveway leading to a single garage with an electric fob operated door.
To the rear is a paved patio off the garden room with gated access to a generous lawn garden with shaped patio and gated access to the front.

Important Information - MONEY LAUNDERING REGULATIONS 2003
intending purchasers will be asked to produce identification and proof of financial status when an offer is received. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
THE PROPERTY MISDESCRIPTIONS ACT 1991
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. You are advised to check the availability of this property before travelling any distance to view. We have taken every precaution to ensure that these details are accurate and not misleading. If there is any point which is of particular importance to you, please contact us and we will provide any information you require. This is advisable, particularly if you intend to travel some distance to view the property. The mention of any appliances and services within these details does not imply that they are in full and efficient working order. These particulars are in draft form awaiting Vendors confirmation of their accuracy. These details must therefore be taken as a guide only and approved details should be requested from the agents

Additional Information - Please find the Key property facts in the web link.

Agent Details

Monopoly Estate Agents, Rossett

01978 804319

Next Steps?

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