3 Bed Terraced House, Refurb/BRRR, Wrexham, LL12 7HL, £170,000

Oak Drive, Wrexham, LL12 7HL - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~77 m²
+12 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Refurb Costs

£31,421

Bridging Loan Interest

£4,463

Total Cash In

£89,833

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£160,000

Mortgage (After Refinance)

£120,000

Mortgage LTV

75%

Cash Left In

£89,833

Equity

£40,000

Rent Range

£695 - £1,750

Rent Estimate

£962

Running Costs/mo

£712

Cashflow/mo

£250

Cashflow/yr

£2,995

ROI

3%

Gross Yield

7%













Local Rents

21 rents from £695/mo to £1.8K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£90008/240.16 mi-3
£85005/240.19 mi105 Derwent Crescent, Wrexham, Wrexham (County of), LL12 7YW3
£85012/240.37 mi-3
£82502/250.45 mi-3
£85002/250.45 mi-3
£72505/240.5 mi24 Kenyon Avenue, Wrexham, Wrexham (County of), LL11 2ST3
£69505/240.56 mi152 Rhosnesni Lane, Wrexham, LL13 9ES3
£1,75008/240.57 mi-3
£1,20011/240.73 mi-3
£1,10010/230.79 mi12 Maes Glyndwr, Plas Coch Road, Wrexham, Wrexham (County of), LL11 2BZ3
£89503/250.8 mi-3
£1,25005/240.91 mi-3
£1,19512/240.91 mi-3
£1,25005/240.91 miFairmount Road, Wrexham, LL133
£69505/240.94 mi131 Benjamin Road, Wrexham, Wrexham (County of), LL13 8EG3
£95005/240.96 miWoburn Close, Wrexham3
£87512/241.02 miRivulet Road, Wrexham3
£85012/241.16 mi-3
£85011/241.16 mi-3
£80005/241.2 miWhitegate Road, Kingsmills, Wrexham, LL133
£85001/251.22 mi-3

Local Area Statistics

Population in LL12

28,275

Population in Wrexham

134,792

Town centre distance

4.77 miles away

Nearest school

0.40 miles away

Nearest train station

0.75 miles away

 

 

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £170,000

October 12, 2024

Floor Plans

Description

  • A 3 bedroom end of terrace property +
  • Requiring modernisation but with fantastic potential +
  • 2 Reception rooms +
  • Off road parking +
  • Close to Wrexham city centre +
  • NO CHAIN +

A fantastic opportunity to purchase a 3 bedroom end of terrace property located on the outskirts of Wrexham City Centre. The property requires internal modernisation but offers excellent potential with good size rooms and off road parking. Located a short distance from Wrexham city centre where there a wealth of local amenities as well as having good road and bus routes out of Wrexham for commuting. In brief the property comprises of; entrance hall, lounge, dining room and kitchen to the ground floor and 3 bedrooms and a bathroom to the first floor.

Entrance Hall - With wood effect flooring, stairs off to the first floor.

Lounge - 4.37m x 3.63m (14'4" x 11'10") - With 2 double glazed windows, central gas fire, carpeted flooring.

Dining Room - 3.09m x 3.11m (10'1" x 10'2") - With a double glazed window to the front, wood effect flooring.

Kitchen - 4.43m x 2.52m (14'6" x 8'3") - Fitted with matching wall and base units, stainless steel sink, wood effect flooring, door off to the garden, storage cupboard, 2 double glazed windows, wall mounted gas combination boiler.

First Floor Landing - With a double glazed window to the rear, carpeted flooring.

Bedroom 1 - 4.40m x 3.11m (14'5" x 10'2") - With a feature cast iron fireplace, 2 double glazed windows to the front, carpeted flooring.

Bedroom 2 - 3.64m x 2.59m (11'11" x 8'5") - With a double glazed window to the front, carpeted flooring, access to the loft space.

Bedroom 3 - 2.50m x 2.40m (8'2" x 7'10") - With a double glazed window to the rear, carpeted flooring.

Bathroom - 2.63m x 1.69m (8'7" x 5'6") - Fitted with a white suite comprising of a low level w.c, pedestal wash hand basin, bath, 2 double glazed windows, part tiled walls.

Outside - To the rear is a concrete area leading on to a lawned garden. To the side is a concrete driveway providing off road parking.

Important Information - *Key facts interactive report link available in video tour and brochure sections. *
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 details must therefore be taken as a guide only.

Agent Details

Monopoly Estate Agents, Rossett

01978 804319

Next Steps?

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