3 Bed Terraced House, Refurb/BRRR, Wrexham, LL13 7TG, £115,000

15 Bradley Road, Wrexham, LL13 7TG - 9 views - 4 months ago

Cash
Refurb/BRRR
ROI: 1%
135 m²
+3 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£55,334

Bridging Loan Interest

£3,019

Total Cash In

£93,953

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£178,995

Mortgage (After Refinance)

£134,246

Mortgage LTV

75%

Cash Released

£47,996

Cash Left In

£45,956

Equity

£44,749

Rent Range

£695 - £1,100

Rent Estimate

£872

Running Costs/mo

£754

Cashflow/mo

£118

Cashflow/yr

£1,419

ROI

2%

Gross Yield

9%













Local Rents

17 rents from £695/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£82512/240.3 mi-3
£82512/240.3 mi-3
£85012/240.41 mi-3
£85011/240.41 mi-3
£82502/250.6 mi-3
£85002/250.6 mi-3
£87512/240.66 miRivulet Road, Wrexham3
£1,10010/230.69 mi12 Maes Glyndwr, Plas Coch Road, Wrexham, Wrexham (County of), LL11 2BZ3
£72505/240.73 mi16 Norman Road, Wrexham, Wrexham (County of), LL13 7BE3
£69505/240.83 mi131 Benjamin Road, Wrexham, Wrexham (County of), LL13 8EG3
£80005/240.88 miWhitegate Road, Kingsmills, Wrexham, LL133
£85012/240.96 mi-3
£1,00005/241.07 miSummerfields, Rhostyllen3
£99505/241.09 miKings Oak Court, Wrexham, LL133
£90008/241.09 mi-3
£85005/241.11 mi105 Derwent Crescent, Wrexham, Wrexham (County of), LL12 7YW3
£85001/251.2 mi-3

Local Area Statistics

Population in LL13

34,888

Population in Wrexham

134,792

Town centre distance

3.75 miles away

Nearest school

0.10 miles away

Nearest train station

0.11 miles away

 

 

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Price changed to £115,000

February 12, 2025

Listed for £130,000

November 8, 2024

Sold for £128,000

2004

Sold for £29,500

1998

Description

  • Guide Price £140,000 - £130,000 +
  • CASH BUYERS ONLY +
  • Ideal For First Time Buyers & Investors +
  • No Onward Chain +
  • In Need Of Renovations & Full Refurbishment +
  • Two Generous Sized Reception Rooms +
  • Kitchen Area +
  • Four Generous Sized Bedrooms +
  • Shower Room & Bathroom +
  • Close Proximity To Local Amenities, Schools, Shops & Public Transport Links +

CASH BUYERS ONLY A four bedroom mid terrace house providing spacious accommodation throughout, offered to the market with no onward chain and offering fantastic potential for refurbishment and modernisation, making it ideal for either first time buyers looking to get onto the property ladder and put their own stamp on a home, or for investors looking for a renovation project to re-market or rent out.  Internally and to the ground floor the property comprises of two generous sized reception rooms offering ample space for furniture for a range of uses, a fitted kitchen, and a three piece fitted shower room. There are also two store rooms which are access from the rear.  To the first floor there are four well-proportioned bedrooms including two doubles with built-in storage space, and a three piece bathroom suite. Externally the property benefits from generous sized enclosed garden with a brick store room providing additional storage.  The property is located in a popular residential area and is close to a range of local shops, amenities, good schools and both road and public transport links. Early viewing is highly recommended due to the property being realistically priced. Please note that this property is for cash buyers only and requires a lot of internal and external modernization and refurbishment.  ADDITIONAL INFORMATION: Council Tax Band: C Local Authority: Wrexham Early viewing is highly recommended due to the property being realistically priced.

Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

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