5 Bed Terraced House, Refurb/BRRR, Caernarfon, LL55 1RT, £200,000

7 Stryd Y Farchnad, Caernarfon, Gwynedd, LL55 1RT - 5 months ago

Refurb/BRRR
~178 m²
+9 photos

ValuationFair Value

Sold Prices£194K - £480K
Sold Prices/m²£1K/m² - £2.4K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.1K/m²

Value Estimate

£204,000

 

 

End Value (After Refurb)

£284,574

Uplift in Value

+42%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£72,244

Bridging Loan Interest

£5,250

Total Cash In

£136,444

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£284,574

Mortgage (After Refinance)

£213,431

Mortgage LTV

75%

Cash Released

£63,431

Cash Left In

£73,013

Equity

£71,144

Rent Range

£450 - £1,200

Rent Estimate

£715

Running Costs/mo

£1,052

Cashflow/mo

£-337

Cashflow/yr

£-4,048

Gross Yield

4%

Local Sold Prices

9 sold prices from £194K to £480K, average is £300K. £1K/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£305K02/240.04 mi11, Church Street, Caernarfon, Gwynedd LL55 1SW5
£197K12/200.42 miGlasfryn, 20, Constantine Road, Caernarfon, Gwynedd LL55 2LF5
£280K10/220.43 mi17, Constantine Road, Caernarfon, Gwynedd LL55 2LF5
£300K06/220.44 mi24, Constantine Road, Caernarfon, Gwynedd LL55 2LF5
£450K12/220.53 miPenybryn, St Davids Road, Caernarfon, Gwynedd LL55 1BH5
£480K01/230.84 mi14, Cae Gwyn, Caernarfon, Gwynedd LL55 1LL5
£306K02/230.85 mi3, Maes Meddyg, Caernarfon, Gwynedd LL55 2SF5
£194K11/202.63 miGlennydd, Lon Uchaf, Brynsiencyn, Llanfairpwllgwyngyll, Isle Of Anglesey LL61 6UD5
£250K12/202.66 mi3, Dinas Estate, Dinas, Caernarfon, Gwynedd LL54 7YL5

Local Rents

21 rents from £450/mo to £1.2K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£1,20008/230.03 mi-4
£62505/240.04 miHigh Street, Caernarfon, Gwynedd, LL552
£65003/250.04 mi-1
£1,00012/230.09 mi-2
£69505/240.12 miCastle Square, Caernarfon, Gwynedd, LL552
£75004/240.15 mi-3
£75012/240.25 mi-3
£75001/240.25 mi-3
£75010/240.25 mi-3
£48003/240.32 mi-2
£48003/240.32 mi-2
£48005/240.32 miCeltic, Caernarfon, LL552
£45006/240.34 mi-1
£45006/240.34 miNorth Road, Caernarfon, LL551
£70005/240.35 miWilliam Street, Caernarfon2
£85003/230.4 mi-2
£79505/240.41 miMarcus Street, Caernarfon, Gwynedd, LL553
£60002/240.42 mi-3
£85003/250.49 mi-2
£95007/231.11 mi-4
£62505/241.96 miBron Menai Cottages, Dwyran, Llanfairpwllgwyngyll, Isle Of Anglesey, LL612

Local Area Statistics

Population in LL55

21,443

Population in Caernarfon

32,819

Town centre distance

1.57 miles away

Nearest school

0.30 miles away

Nearest train station

6.20 miles away

 

 

Rental growth (12m)

-4%

Sales demand

Buyer's market

Capital growth (5yrs)

+1%

Property History

Listed for £200,000

October 8, 2024

Floor Plans

Description

  • Substantial Stone Built Mid Terrace Property +
  • Grade II Listed Building +
  • Within The Historic Town Walls +
  • Set Over 5 Storeys +
  • Divided Into 5 Apartments +
  • Rear Yard +
  • Electric Heating +
  • Timber Framed Single Glazing +
  • Viewing Highly Recommended +

Located within the town walls of Caernarfon Castle, 7 Market Street is a great opportunity if you are looking to invest or expand your rental portfolio. This substantial Town House has been divided into 5 self contained apartments generating a favourable return.

Perfectly positioned within the historic town walls, Market Street is just a short walk away from everything the town of Caernarfon has to offer, from the stunning castle to the beautiful walks along the banks of the Menai Strait there’s something for everyone. In need of some upgrading and re decoration, Number 7 is a traditional stone built town house that has been divided into 5 self contained apartments, 3 of which have the same 1 bedroom layout with a good size lounge, a galley Kitchen and a Shower Room. The top apartment has a larger Kitchen. An additional apartment is located on the lower ground floor. The property has electric heating system and benefits from timber framed single glazing. We highly recommend you book a viewing soon to fully appreciate this great investment opportunity within the historic town walls of Caernarfon. Outside to the rear is a good size yard area that is accessed from the Ground floor apartment.

Agent Details

Dafydd Hardy, Caernarfon

01286 800536

Next Steps?

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