2 Bed Bungalow, Refurb/BRRR, Wrexham, LL12 8HP, £219,950

Redland Close, Gresford, Wrexham, LL12 8HP - 2 views - 4 months ago

Refurb/BRRR
ROI: 3%
~55 m²
+5 photos

ValuationOvervalued

Sold Prices£117.5K - £270.5K
Sold Prices/m²£1.4K/m² - £4.3K/m²

 

 

Square Metres

~55.11 m²
Price/m²£4K/m²

Value Estimate

£161,774

 

 

End Value (After Refurb)

£190,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£54,988

Stamp Duty & Legal Fees

£12,198

Refurb Costs

£22,512

Bridging Loan Interest

£5,774

Total Cash In

£97,220

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£190,000

Mortgage (After Refinance)

£142,500

Mortgage LTV

75%

Cash Left In

£97,220

Equity

£47,500

Rent Range

£595 - £4,100

Rent Estimate

£1,096

Running Costs/mo

£833

Cashflow/mo

£263

Cashflow/yr

£3,156

ROI

3%

Gross Yield

6%

Local Sold Prices

31 sold prices from £117.5K to £270.5K, average is £183K. £1.4K/m² to £4.3K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£162.5K08/210 mi18, Redland Close, Gresford, Wrexham LL12 8HP2
£230K09/210.07 mi10, Gresford Park, Gresford, Wrexham LL12 8HF2
£230K12/210.07 mi23, Gresford Park, Gresford, Wrexham LL12 8HF2
£210K12/200.1 miBrackenby, Pant Lane, Gresford, Wrexham LL12 8EY2
£270.5K11/230.21 mi4, Pant Olwen, Gresford, Wrexham LL12 8ES2
£213K10/230.22 mi24, Annefield Park, Gresford, Wrexham LL12 8NS2
£147K06/210.27 mi5, Newtown, Gresford, Wrexham LL12 8NG2
£213.8K08/210.27 mi3, High Street, Gresford, Wrexham LL12 8PS2
£184K02/210.27 mi5, High Street, Gresford, Wrexham LL12 8PS2
£244K10/230.27 mi9, High Street, Gresford, Wrexham LL12 8PS2
£205K11/220.29 mi24, Gresford Park, Gresford, Wrexham LL12 8HF2
£190K03/210.31 mi4, Hollyfield, Gresford, Wrexham LL12 8HD2
£183K01/230.33 mi22, Claypit Lane, Gresford, Wrexham LL12 8PB2
£145K12/200.34 mi29, Burton Rise, Gresford, Wrexham LL12 8NZ2
£167K08/210.39 mi32, Hillock Lane, Gresford, Wrexham LL12 8YL2
£239K08/220.39 mi28, Hillock Lane, Gresford, Wrexham LL12 8YL2
£235K12/220.39 mi29, Hillock Lane, Gresford, Wrexham LL12 8YL2
£200K09/230.39 mi34, Hillock Lane, Gresford, Wrexham LL12 8YL2
£225K09/220.41 mi16, Chester Road, Gresford, Wrexham LL12 8TN2
£179K03/210.42 mi16, Chester Road, Gresford, Wrexham LL12 8TN2
£157K09/210.42 mi12, Chester Road, Gresford, Wrexham LL12 8TN2
£210K07/230.59 mi8, Mayflower Drive, Marford, Wrexham LL12 8LD2
£182.5K12/200.59 mi6, Mayflower Drive, Marford, Wrexham LL12 8LD2
£171K12/200.59 mi8, Mayflower Drive, Marford, Wrexham LL12 8LD2
£130K02/240.8 mi159, Bryn Place, Llay, Wrexham LL12 0LT2
£117.5K04/210.87 mi3, Victory Place, Llay, Wrexham LL12 0LR2
£165K11/200.89 mi19, Willow Drive, Llay, Wrexham LL12 0UA2
£128K11/220.89 mi55, Council Street, Llay, Wrexham LL12 0LP2
£159.9K05/210.9 mi3, Willow Drive, Llay, Wrexham LL12 0UA2
£177K05/210.95 mi35, Forest Road, Llay, Wrexham, Clwyd LL12 0UB2
£155K01/210.95 mi26, Forest Road, Llay, Wrexham LL12 0UB2

Local Rents

40 rents from £595/mo to £4.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£95012/240.07 miPant Lane, Gresford, Wrexham, LL123
£80005/240.3 mi4 Lake View, High Street, Gresford, LL12 8PU 2
£65012/240.33 mi46A Chester road. Gresford LL12 8NE2
£89505/240.42 miTrewythan Cottage, Vicarage Lane, Gresford, Wrexham2
£75012/240.42 mi-2
£1,50012/240.47 miChapel Fields, Pont-Y-Capel Lane4
£79508/230.8 mi-3
£1,20012/240.85 miMarford Hill, LL122
£1,50005/240.91 miGarston Fields, Llay, LL124
£77505/240.98 miApartment 1 above Croes howell, Nr Rossett, LL12 0NY1
£90005/240.98 miApartment 3 Croes howell, Nr Rossett, LL12 0NY2
£1,27512/241.23 mi-3
£90005/241.27 miThird Avenue, Llay3
£1,45002/251.45 mi-2
£1,45002/251.45 mi-2
£65008/231.66 mi-2
£1,65012/241.75 miHarwoods Lane, Rossett5
£1,40012/241.82 miThe Green, Rossett3
£72505/242.06 mi24 Kenyon Avenue, Wrexham, Wrexham (County of), LL11 2ST3
£59502/252.14 mi-2
£75012/242.15 mi-2
£1,75008/242.16 mi-3
£89510/232.2 mi1 Corner Cottages, Rossett Road, Trevalyn, LL12 0ER2
£89503/252.2 mi-3
£85005/242.22 mi105 Derwent Crescent, Wrexham, Wrexham (County of), LL12 7YW3
£90008/242.25 mi-3
£92505/242.26 miHardwick Drive, Gwersyllt, LL113
£1,20011/242.27 mi-3
£85012/242.3 miCorner House Farm, Rossett, LL123
£69505/242.35 mi152 Rhosnesni Lane, Wrexham, LL13 9ES3
£4,10003/252.37 mi-4
£1,30012/242.39 miBorras Hall Lane, Llan-Y-Pwll, Wrexham4
£1,25005/242.41 mi-3
£1,19512/242.41 mi-3
£1,25005/242.41 miFairmount Road, Wrexham, LL133
£85005/242.42 mi-3
£65012/242.42 mi-2
£67501/252.42 mi-2
£95005/242.43 miWoburn Close, Wrexham3
£1,10005/242.44 mi5 Thor Court, Jutland Grove, Gwersyllt3

Local Area Statistics

Population in LL12

28,275

Population in Wrexham

134,792

Town centre distance

7.05 miles away

Nearest school

0.30 miles away

Nearest train station

2.27 miles away

 

 

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Price changed to £219,950

January 31, 2025

Listed for £230,000

October 30, 2024

Floor Plans

Description

  • An excellent opportunity to purchase a 2 bedroom semi-detached bungalow +
  • Requires internal modernistaion +
  • Fantastic potential +
  • Cul-de-sac location +
  • Desirable village +
  • NO CHAIN +

An excellent opportunity to purchase a 2 bedroom semi-detached bungalow situated in a cul-de-sac location within the desirable village of Gresford. The property does require some internal modernisation but offers fantastic potential. The village of Gresford benefits from a wealth of local amenities including various shops, good primary schools, picturesque duck pond, lovely walks around Maes Y Pant Quarry as well as having excellent access to both Chester and Wrexham whether it is by car or the frequent bus service. In brief the property comprises of; entrance hall, lounge, inner hallway, kitchen, 2 bedrooms and shower room.

Entrance Hallway - 1.83m x 1.05m (6'0" x 3'5") - With carpeted flooring, door to storage cupboard, door into the lounge.

Lounge - 5.37m x 3.49m (17'7" x 11'5") - With a double glazed window to the front, central fireplace with inset living flame gas fire, marble effect surround and hearth and timber mantel, carpeted flooring.

Kitchen - 3.01m x 2.82m (9'10" x 9'3") - Fitted with matching wall, drawer and base units, working surface with inset 1 1/4 stainless steel sin and drainer unit, space for a cooker, plumbing for a washing machine, fully tiled walls, tiled flooring, space for a fridge/freezer, double glazed window, door to the rear garden.

Bedroom 1 - 3.97m x 3.32m (13'0" x 10'10") - A good size bedroom with a double glazed window to the rear, carpeted flooring.

Bedroom 2 - 2.65m x 2.65m (8'8" x 8'8") - With a double glazed window to the side, carpeted flooring.

Shower Room - 1.83m x 1.62m (6'0" x 5'3") - A wet room with non slip flooring, walk in shower, pedestal wash hand basin, low level w.c, fully tiled walls, double glazed window.

Rear Garden - To the rear is a paved patio and lawned garden.

Front - To the front is a lawned garden and a concrete driveway to the side providing ample off road parking and leading to a single garage with up and over door.

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.

Key Property Facts - The key material information can be seen via the web links from which ever property portal the property is viewed.

Agent Details

Monopoly Estate Agents, Rossett

01978 804319

Next Steps?

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