2 Bed Flat, Refurb/BRRR, Wrexham, LL13 7UE, £110,000

Bryn Offa, Wrexham, LL13 7UE - 4 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 5%
~61 m²
+4 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Refurb Costs

£25,089

Bridging Loan Interest

£2,888

Total Cash In

£63,927

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£100,000

Mortgage (After Refinance)

£75,000

Mortgage LTV

75%

Cash Left In

£63,927

Equity

£25,000

Rent Range

£595 - £895

Rent Estimate

£761

Running Costs/mo

£485

Cashflow/mo

£276

Cashflow/yr

£3,316

ROI

5%

Gross Yield

8%













Local Rents

24 rents from £595/mo to £895/mo, average is £798/mo.

RentDateDistanceAddressBeds 
£75005/240.21 miAlexandra Road, Wrexham, LL132
£85005/240.22 miHirwaun, Wrexham2
£65005/240.25 mi7 Gibson Street, Wrexham, Wrexham (County of), LL13 7TS2
£70012/240.26 mi-2
£59505/240.29 mi10 Peel Street, Wrexham, LL13 7TR2
£75005/240.33 mi15 Dolydd Road, Wrexham, Wrexham (County of), LL13 7TE2
£80012/240.34 mi-2
£80012/240.34 mi-2
£85012/240.34 mi-2
£80010/230.34 mi-2
£64005/240.34 mi20 Bright Street, Wrexham, LL13 7TN2
£69505/240.4 mi46 Llys Nantgarw, Watery Road, Wrexham, Wrexham (County of), LL13 7SX2
£72512/240.41 miLlys Nantgarw, Wrexham, LL132
£82505/240.41 miEdward Street, Wrexham2
£85012/240.41 mi-2
£75008/240.42 mi-2
£85002/250.42 mi-2
£62512/240.5 mi31 Wellington Road, Wrexham, Wrexham (County of), LL13 7PF2
£65012/240.52 mi31 Y Werddon, Pentrefelin, Wrexham, Wrexham (County of), LL13 7LT2
£85012/240.54 miLlys Y Groes, Wrexham, LL132
£85007/230.56 mi-2
£85007/230.56 mi-2
£89507/240.56 mi-2
£79505/240.59 miCaxton Place, LL112

Local Area Statistics

Population in LL13

34,888

Population in Wrexham

134,792

Town centre distance

3.40 miles away

Nearest school

0.10 miles away

Nearest train station

0.50 miles away

 

 

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £110,000

October 29, 2024

Floor Plans

Description

  • A GROUND FLOOR APARTMENT +
  • TWO BEDROOMS +
  • LOUNGE +
  • KITCHEN +
  • BATHROOM +
  • REAR GARDEN +
  • CONVENIENT LOCATION +
  • GAS CENTRAL HEATING +

A two bedroom ground floor apartment located on Bryn Offa, Wrexham. The property would benefit a scheme of modernisation and comprises a reception room, kitchen, two bedrooms and a bathroom. Externally there is a rear garden with outdoor store. Located just off Ruthin road with Morrisons and Aldi over the road and a wealth of local amenities in the city centre as well as excellent access to the A483 for travel to Chester, Oswestry and the road network beyond. Whether you are looking for a starter home, a cosy retreat, or a smart investment opportunity, this apartment ticks all the boxes. Don't miss the chance to make this property your own.

Internal Accomodation - Hallway - Upvc entrance door, carpet, doors to lounge, kitchen and bathroom.

Lounge - 3.98 x 3.45 Gas fire with complementary surround, carpet, window to front, doors to both bedrooms.

Kitchen - 4.12 x 2.85 Wall and base units, complementary worktops, sink drainer, plumbing for washing machine, storage cupboard with Worcester gas boiler, external door and window to rear.

Bedroom One - 4.81 x 2.82 carpet, window to front.

Bedroom Two - 4.12 x 2.88 Carpet, window to rear.

Bathroom- 3.17 x 1.82 Bathtub with electric shower over, wc, sink, window to front, storage cupboard.

Outside - Shared path to rear garden with lawn, brick outdoor stor,e path and gate to rear access.

Important Information - £216.88  annual ground rent
*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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