3 Bed Terraced House, Refurb/BRRR, Llanrwst, LL26 0DP, £125,000

28, George Street, Llanrwst, LL26 0DP - 4 views - 5 months ago

Refurb/BRRR
ROI: 2%
91 m²
+6 photos

ValuationFair Value

Sold Prices£60.5K - £379.5K
Sold Prices/m²£868/m² - £3.9K/m²

 

 

Square Metres

91 m²
Price/m²£1.4K/m²

Value Estimate

£127,500

 

 

End Value (After Refurb)

£162,618

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£37,172

Bridging Loan Interest

£3,281

Total Cash In

£78,404

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£162,618

Mortgage (After Refinance)

£121,964

Mortgage LTV

75%

Cash Released

£28,214

Cash Left In

£50,190

Equity

£40,655

Rent Range

£695 - £1,100

Rent Estimate

£848

Running Costs/mo

£698

Cashflow/mo

£150

Cashflow/yr

£1,803

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60.5K to £379.5K, average is £160K. £868/m² to £3.9K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£185K09/210.05 miCae Clyd, Parry Road, Llanrwst, Conwy LL26 0DG3
£212K09/210.08 mi19, Cae Llan, Llanrwst, Conwy LL26 0DH3
£142.5K09/230.08 mi31, Cae Llan, Llanrwst, Conwy LL26 0DH3
£195K05/210.08 miDedwyddfa, Cae Llan, Llanrwst, Conwy LL26 0DH3
£130K11/220.08 mi2, Salisbury Terrace, Llanrwst, Conwy LL26 0DU3
£160K01/230.09 miCemlyn, Station Road, Llanrwst, Conwy LL26 0DB3
£195K05/210.09 miDedwyddfa, Cae Llan, Llanrwst, Conwy LL26 0DH3
£80.3K04/220.14 miMaes Ednyfed, Llanddoged Road, Llanrwst, Conwy LL26 0DW3
£157K03/220.15 mi1, Maes Mawr, Llanrwst, Conwy LL26 0HW3
£370K01/230.15 miLletyr Dryw, Poplar Grove, Llanrwst, Conwy LL26 0EE3
£275K06/220.18 miGernant, Llanddoged Road, Llanrwst, Conwy LL26 0YU3
£156K07/220.2 mi3, Denbigh Street, Llanrwst, Conwy LL26 0LL3
£150K11/220.21 mi26, Caer Felin, Llanrwst, Conwy LL26 0BH3
£153K09/210.21 mi25, Caer Felin, Llanrwst, Conwy LL26 0BH3
£156.9K05/210.21 mi38, Caer Felin, Llanrwst, Conwy LL26 0BH3
£153K09/210.21 mi25, Caer Felin, Llanrwst, Conwy LL26 0BH3
£156.9K05/210.21 mi38, Caer Felin, Llanrwst, Conwy LL26 0BH3
£159.9K07/220.21 mi41, Caer Felin, Llanrwst, Conwy LL26 0BH3
£105K12/200.21 mi14, Bridge Street, Llanrwst, Conwy LL26 0ET3
£128K01/210.21 mi9, Bridge Street, Llanrwst, Conwy LL26 0ET3
£120K11/200.21 mi12, Bridge Street, Llanrwst, Conwy LL26 0ET3
£135K12/230.25 miMount View, Denbigh Street, Llanrwst, Conwy LL26 0AW3
£140K01/230.25 mi69, Denbigh Street, Llanrwst, Conwy LL26 0AW3
£165K02/220.25 mi17, Pendref, Llanrwst, Conwy LL26 0BG3
£108.5K12/200.26 mi3, Tan Y Graig, Llanrwst, Conwy LL26 0NA3
£60.5K11/210.26 mi27a, Watling Street, Llanrwst, Conwy LL26 0LS3
£139K11/200.26 miDwyryd Cottage, Watling Street, Llanrwst, Conwy LL26 0LS3
£60.5K11/210.26 mi27a, Watling Street, Llanrwst, Conwy LL26 0LS3
£145K03/220.27 miDolwen, Watling Street, Llanrwst, Conwy LL26 0LS3
£295K10/220.3 mi35, Trem Arfon, Llanrwst, Conwy LL26 0BP3
£188.5K10/210.3 mi45, Trem Arfon, Llanrwst, Conwy LL26 0BP3
£190K05/210.3 mi30, Trem Arfon, Llanrwst, Conwy LL26 0BP3
£150K08/230.3 miGorddinan, Abergele Road, Llanrwst, Conwy LL26 0NG3
£230K12/200.3 miEin Cartref, Abergele Road, Llanrwst, Conwy LL26 0NG3
£195K01/230.31 miTegfan, Abergele Road, Llanrwst, Conwy LL26 0NG3
£188.5K10/210.31 mi45, Trem Arfon, Llanrwst, Conwy LL26 0BP3
£157.5K08/210.31 mi20, Cae Tyddyn, Llanrwst, Conwy LL26 0BN3
£225K11/210.32 mi31, Trem Arfon, Llanrwst, Conwy LL26 0BP3
£159.9K11/210.32 mi44, Cae Tyddyn, Llanrwst, Conwy LL26 0BN3
£175K11/210.33 mi28, Trem Arfon, Llanrwst, Conwy LL26 0BP3
£215K10/210.35 miBron Allt, Town Hill, Llanrwst, Conwy LL26 0NF3
£379.5K06/220.35 miYr Hen Stabal, Town Hill, Llanrwst, Conwy LL26 0NF3
£225K10/230.44 mi11, Y Berllan, Llanrwst, Conwy LL26 0HR3
£210K06/210.45 mi12, Y Berllan, Llanrwst, Conwy LL26 0HR3
£169.9K07/210.52 mi69, Cae Person, Llanrwst, Conwy LL26 0HT3
£169.9K07/210.56 mi69, Cae Person, Llanrwst, Conwy LL26 0HT3
£145K10/210.56 mi57, Cae Person, Llanrwst, Conwy LL26 0HT3
£185K10/200.58 mi19, Maes Mawr, Llanrwst, Conwy LL26 0HW3
£180K01/210.58 mi16, Maes Mawr, Llanrwst, Conwy LL26 0HW3
£193.5K05/210.58 mi3, Maes Mawr, Llanrwst, Conwy LL26 0HW3

Local Rents

8 rents from £695/mo to £1.1K/mo, average is £823/mo.

RentDateDistanceAddressBeds 
£69512/240.23 mi-3
£85002/250.25 mi-3
£85002/240.27 mi-3
£79506/240.29 miWatling Street, Llanrwst, Conwy, LL263
£95005/240.3 miBlaen Nant, Llanrwst, LL26 0NG3
£79506/240.35 miConwy Terrace, Llanrwst, Conwy (County of), LL262
£1,10005/241.42 miTyddyn Mali, Ffordd Trwyn Swch, Llanddoged, LL26 0DZ2
£75005/241.44 miTan Y Fedw, Trefriw2

Local Area Statistics

Population in LL26

4,383

Population in Llanrwst

4,528

Town centre distance

0.81 miles away

Nearest school

0.30 miles away

Nearest train station

0.22 miles away

 

 

Rental growth (12m)

-9%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £125,000

November 11, 2024

Sold for £80,000

2008

Description

  • Three Bedrooms +
  • Convenient Location +
  • Double Glazing & Central Heating +
  • In Need Of Updating Works +
  • Excellent First Time Buy +
  • EPC POTENTIAL B +

A mid terrace spacious three bedroom house in need of works. Double glazing and gas central heating. rear enclosed yard and on street parking. The accommodation comprises: entrance hall, large living and dining room, breakfast kitchen, bathroom, three first floor bedrooms and separate WC. The landing area could be configured to make a study area. The property is convenient for the towns amenities and would make a great investment. Energy Performance Certificate Rating - E.

Entrance Hall - Double glazed uPVC front door.

Lounge/Diner - 6.47m x 3.52m (21'2" x 11'6") - Gas fire with back boiler. Radiator.

Kitchen/Diner - 4.85m x 2.70m (15'10" x 8'10") - With a range of fitted wall and base units with complimentary work surfaces and tiled splash backs. Stainless steel sink unit with mixer tap. Cooker point. Tiled floor.

Bathroom - Panelled bath. WC. Wash hand basin. Tiled shower cubicle with electric shower. Tiled flooring.

First Floor Landing - Loft access hatch. Radiator. Separate WC.

Bedroom No: One - 4.51m x 2.85m (14'9" x 9'4") - Radiator.

Bedroom No: Two - 3.40m x 2.86m (11'1" x 9'4") - Radiator.

Bedroom No: Three - 4.19m x 2.16m (13'8" x 7'1") - Radiator.

Outside - Enclosed rear yard with access to the rear service lane. On street parking to the front.

Directions - Go into Llanrwst from the North on the A470 and turn left onto George Street just before the Meadowsweet Hotel and the property will be found on the left.

Council Tax - The property is believed to be in band C. Information from

Services - None of the services have been tested. It was noted that mains water, drainage, electricity and gas are connected.

Tenure - The property is to be sold with a Freehold title. Solicitors to confirm.

Misrepresentation Act - Messrs Jones Peckover for themselves and for the vendors or lessors of the property whose agents they are, give notice that:-

1. The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute part of an offer or contract.

2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.

3. No person in the employment of Messrs Jones Peckover has the authority to make or give any representation or warranty whatever in relation to this property.

Money Laundering - The successful purchaser will be required to produce adequate identification to prove their identity within the terms of the Money Laundering Regulations. Appropriate examples include: Passport, Photo Driving Licence and a recent Utility Bill.

Agent Details

Jones Peckover, Abergele

01745 832240

Next Steps?

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