3 Bed Detached House, Refurb/BRRR, Llanrwst, LL26 0RL, £275,000

Capel Garmon, Llanrwst, LL26 0RL - 4 views - 9 months ago

Refurb/BRRR
Planning
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£153.5K - £393K
Sold Prices/m²£1.7K/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£176,375

 

 

End Value (After Refurb)

£265,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,620

Refurb Costs

£37,989

Bridging Loan Interest

£7,219

Total Cash In

£132,328

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£265,000

Mortgage (After Refinance)

£198,750

Mortgage LTV

75%

Cash Left In

£132,328

Equity

£66,250

Rent Range

No enough data locally

Rent Estimate

~£400

Running Costs/mo

£928

Cashflow/mo

£-528

Cashflow/yr

£-6,337

Gross Yield

2%

Local Sold Prices

5 sold prices from £153.5K to £393K, average is £250K. £1.7K/m² to £2.6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£393K09/211.46 miBronant, Holyhead Road, Pentre Du, Betws-y-coed, Conwy LL24 0BY3
£207.5K08/231.75 miHafanedd, Holyhead Road, Betws-y-coed, Conwy LL24 0BN3
£280K12/202.14 miCae Garw, Holyhead Road, Pentre Du, Betws-y-coed, Conwy LL24 0BY3
£153.5K10/202.16 mi17, Bro Gethin, Betws-y-coed, Conwy LL24 0BT3
£250K03/222.18 mi8, Gethin Terrace, Betws-y-coed, Conwy LL24 0BS3

Local Rents

Not enough data

Local Area Statistics

Population in LL26

4,383

Population in Llanrwst

4,528

Town centre distance

3.44 miles away

Nearest school

0.10 miles away

Nearest train station

1.37 miles away

 

 

Rental growth (12m)

-9%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Price changed to £275,000

December 4, 2024

Price changed to £349,000

September 25, 2024

Listed for £395,000

July 14, 2024

Floor Plans

Description

  • Detached Stone Former Farmhouse +
  • In Need of Considerable Repair +
  • Tremendous Re-Development Potential +
  • Subject to Local Authority Planning +
  • Large Grounds of About 100 metres x 20 Metres (TBC) +
  • 2 Receptions - 3 Bedrooms +
  • 2 Garages, Store. +
  • Lovely Setting in Centre of Village +
  • Awaiting EPC +

A superb opportunity to purchase a DETACHED STONE HOUSE in need of complete updating and repair or subject to planning permission, a complete redevelopment project. Of particular note is the extensive plot the property stands, understood to measure 100 metres in depth and a width of about 20 metres (TO BE VERIFIED). The gardens back onto and adjoin unspoilt farmland and scenery. The house is set back from the road in the centre of the village which has a Pub / Restaurant, Primary School and Playing Field. The busy picturesque tourist resort of Betws Y Coed in the Snowdonia National Park is about 2 miles away. Llanrwst market town is within 4 miles and the North Wales Coastal towns of Colwyn Bay, Llandudno and Conwy are within 15 miles. Freehold and NO CHAIN. Awaiting EPC Ref CB7720

Entrance Hall - Quarry tiled floor

Living Room - 4.83m x 3.81m (15'10 x 12'6) - Stone open coal fireplace, beamed ceilings

Dining Room - 4.24m x 3.23m (13'11 x 10'7) - Tiled fireplace, quarry tiled floor

Kitchen - Stainless steel sink unit, quarry tied floor

First Floor - 3 Bedrooms and Bathroom

Outside - Built on Garage with double doors and additional concrete sections garage. We are informed the site measures approximately 100 metres x 20 metres (to be verified)

Agents Note - Viewing Arrangements By appointment with Sterling Estate Agents on 01492-534477 e mail and web site

Market Appraisal; Should you be thinking of a move and would like a market appraisal of your property then contact our office on 01492-534477 or by e mail on to make an appointment for one of our Valuers to call. This is entirely without obligation. Why not search the many homes we have for sale on our web sites - These sites could well find a buyer for your own home.

PMA; WHEN WE WERE ASKED TO ARRANGE THIS SALE WE HAVE BEEN UNABLE TO VERIFY CERTAIN INFORMATION. IN PARTICULAR NONE OF THE SERVICES, BOUNDARIES, FITTINGS, TENURE AND APPLIANCES, WHERE APPLICABLE, HAVE BEEN TESTED/CHECKED. NO WARRANTIES OF ANY KIND CAN BE GIVEN. ACCORDINGLY PROSPECTIVE BUYERS SHOULD BEAR THIS IN MIND WHEN FORMULATING THEIR OFFERS.

Agent Details

Sterling Estate Agents & Valuers, Colwyn Bay

01492 551360

Next Steps?

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