2 Bed Bungalow, Refurb/BRRR, Wrexham, LL14 2SA, £179,950

Copperas Hill, Pen-Y-Cae, Wrexham, LL14 2SA - 8 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£80K - £182.5K
Sold Prices/m²£1K/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£110,800

 

 

End Value (After Refurb)

£162,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£44,988

Stamp Duty & Legal Fees

£10,198

Refurb Costs

£27,830

Bridging Loan Interest

£4,724

Total Cash In

£89,489

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£162,750

Mortgage (After Refinance)

£122,063

Mortgage LTV

75%

Cash Left In

£89,489

Equity

£40,688

Rent Range

£650 - £900

Rent Estimate

£736

Running Costs/mo

£676

Cashflow/mo

£60

Cashflow/yr

£722

ROI

1%

Gross Yield

5%

Local Sold Prices

26 sold prices from £80K to £182.5K, average is £118K. £1K/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£157K04/210.05 mi13, Copperas Hill, Penycae, Wrexham LL14 2SA2
£100K01/210.23 mi207, Ffordd Llanerch, Penycae, Wrexham LL14 2NF2
£139.9K12/200.36 mi20a, Hall Street, Penycae, Wrexham LL14 2RU2
£169K07/210.46 miRhoslwyn, Bridge Street, Penycae, Wrexham LL14 2DE2
£93K06/210.54 mi20, Ffordd Mynydd Isa, Rhosllanerchrugog, Wrexham, Clwyd LL14 2EH2
£95K11/200.54 mi16, Ffordd Mynydd Isa, Rhosllanerchrugog, Wrexham LL14 2EH2
£145.3K10/220.55 mi2, Ffordd Mynydd Isa, Rhosllanerchrugog, Wrexham LL14 2EH2
£155K12/210.62 mi7, Tan Y Bryn, Rhosllanerchrugog, Wrexham LL14 2HS2
£100K03/210.73 mi8, Wern Las, Rhosllanerchrugog, Wrexham LL14 2HG2
£100K12/220.76 mi16, Church Street, Rhosllanerchrugog, Wrexham LL14 2BW2
£95K08/210.8 mi19, Church Street, Rhosllanerchrugog, Wrexham LL14 2BN2
£115K06/210.86 mi2, Afon Terrace, Ruabon, Wrexham LL14 6PY2
£114K02/230.86 mi4, Cynlas Street, Rhosllanerchrugog, Wrexham LL14 1PU2
£115K08/210.88 mi24, Princes Road, Rhosllanerchrugog, Wrexham LL14 1AD2
£95K06/230.91 mi7, Smith Street, Rhosllanerchrugog, Wrexham LL14 1AR2
£135K09/210.91 miFerndale, Queen Street, Rhosllanerchrugog, Wrexham LL14 1PY2
£159.9K12/200.93 miTy Gwyn, Queen Street, Rhosllanerchrugog, Wrexham LL14 1TB2
£162.5K01/210.94 miBron Haul, Windsor Road, Rhosllanerchrugog, Wrexham LL14 1ST2
£182.5K11/220.95 mi25, Jones Street, Rhosllanerchrugog, Wrexham LL14 1AS2
£130K01/210.96 mi4, Sidney Street, Rhosllanerchrugog, Wrexham LL14 1BE2
£160K11/220.96 mi4, Sidney Street, Rhosllanerchrugog, Wrexham LL14 1BE2
£121K06/230.97 mi15, Hope Street, Rhosllanerchrugog, Wrexham LL14 1AU2
£109K10/200.97 mi13, Hope Street, Rhosllanerchrugog, Wrexham LL14 1AU2
£165K02/210.98 miTy Newydd, Duke Street, Rhosllanerchrugog, Wrexham LL14 1SU2
£105K11/200.98 mi9, Heol Offa, Johnstown, Wrexham LL14 2BA2
£80K03/210.99 mi42, Cwm Glas, Johnstown, Wrexham LL14 2AD2

Local Rents

11 rents from £650/mo to £900/mo, average is £660/mo.

RentDateDistanceAddressBeds 
£72007/240.82 mi-2
£90005/240.84 miPant Glas, Johnstown2
£75003/251.05 mi-2
£65005/241.05 mi-2
£65012/241.05 mi-2
£66012/241.05 mi-2
£65005/241.09 mi-2
£65005/241.09 mi-2
£65005/241.11 miDaniels Drive, Ruabon, LL142
£69512/241.13 miMaelor Road, Wrexham2
£75010/241.13 mi-2

Local Area Statistics

Population in LL14

33,602

Population in Wrexham

134,792

Town centre distance

0.58 miles away

Nearest school

0.10 miles away

Nearest train station

1.07 miles away

 

 

Rental growth (12m)

-6%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £179,950

August 5, 2024

Description

  • DETATCHED BUNGALOW +
  • TWO DOUBLE BEDROOMS +
  • TWO RECEPTION ROOMS +
  • DRIVEWAY PARKING & GARAGE +
  • VERSITILE ACCOMDATION +
  • IN NEED OF MONDERNISATION +

Situated in the popular village of Pen y cae positioned to the south of Wrexham, offering easy access to local motorway networks, a host of amenities this detached bungalow in need of a degree of modernisation and refurbishment, benefits from air, source, heating, is predominantly double glazed, and has accommodation that comprises an entrance hall, a living room, sitting room/dining room, kitchen, two double bedrooms, and a shower room. Externally, the front garden is predominantly gravelled and shrubbed with a driveway leading alongside the property to the rear garden and detached single garage. The rear garden is low maintenance paved. This property is available with a benefits of no onward chain.

Description - A two bedroom detached bungalow situated in the popular village of Pen y cae positioned to the south of Wrexham. This property is in need of a degree of modernisation and refurbishment, benefits from air, source, heating, is predominantly double glazed. As well as benefitting from a host of local amenities the property is also available with no onward chain.

Location - en-Y-Cae is a small village situated in the county borough of Wrexham, which is in the north-eastern part of Wales. The village is known for its picturesque countryside surroundings and offers a peaceful and rural living environment. Wrexham is a historic market town and the largest town in North Wales. It offers a range of amenities, including shops, supermarkets, restaurants, pubs, schools, and recreational facilities. Overall Ffordd Llanerch, offers a residential setting within a quaint village in the beautiful countryside of North Wales. It provides residents with a peaceful and rural lifestyle while still being within a reasonable distance from the amenities and attractions of Wrexham town.

Entrance Hall - The property is entered through a leaded double glazed UPVC front door, which opens to an entrance hall with a radiator, access to the loft space, airing cupboard, and doors off, opening to the living room, dining/sitting room, the shower room and to both bedrooms.

Living Room - 4.27m’0.30m”×3.35m’1.83m” (14’1”×11’6”) - With timber flooring, radiator, a feature, tile fireplace, and new PVC double glaze French doors opening to the front garden.

Dining Room/Sitting Room - 3.35m’1.83m”×3.66m’1.52m” (11’6”×12’5”) - With a radiator, recessed downlights to set within the ceiling and a window and glazed door opening to the kitchen

Kitchen - 3.35m’1.22m”×2.13m’2.44m” (11’4”×7’8”) - The kitchen is fitted with oak style, base units, and work services, housing, a one and a half bowl, resin sink unit with mixer tap. The flooring is ceramic tile. The walls partially tiled and a UPVC double glaze door opens to the rear garden.

Shower Room - Installed with a white sweet, comprising an oversized shower enclosure with electric shower, and a vanity unit housing, a low-level WC and wash and basin. There is a radiator, ceramic tile flooring, the walls are fully tiled and an opaque window faces the side elevation..

Bedroom One - 3.35m’2.44m”×2.74m’1.83m” (11’8”×9’6”) - Fitted with wardrobes and luggage cupboards, the windows to the rear elevation and radiator.

Bedroom Two - 3.35m’0.61m”×3.05m’1.52m” (11’2”×10’5”) - Window to the front elevation, radiator.

Additional Information (Wrexham) - We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

Hours Of Business (Wrexham) - Monday to Friday - 8:30am - 5:30pm
Saturday - 9:00am - 4:00pm

Mortgage Advice (Wrexham) - Town and Country can refer you to Gary Jones Mortgage Consultant who can offer you a full range of mortgage products and save you the time and inconvenience for trying to get the most competitive deal to meet your requirements. Gary Jones Mortgage Consultant deals with most major Banks and Building Societies and can look for the most competitive rates around to suit your needs. For more information contact the Wrexham office on .
Gary Jones Mortgage Consultant normally charges no fees, although depending on your circumstances a fee of up to 1.5% of the mortgage amount may be charged. Approval No. H110624
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

To Make An Offer (Wrexham) - If you would like to make an offer, please contact a member of our team who will assist you further.

Agent Details

Town & Country Estate Agents, Wrexham

01978 804445

Next Steps?

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