3 Bed Bungalow, Refurb/BRRR, Wrexham, LL12 7UA, £215,000

Gainsborough Road, Wrexham, LL12 7UA - 3 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+9 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£11,950

Refurb Costs

£37,989

Bridging Loan Interest

£5,644

Total Cash In

£111,083

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£234,789

Mortgage (After Refinance)

£176,092

Mortgage LTV

75%

Cash Released

£14,842

Cash Left In

£96,241

Equity

£58,697

Rent Range

£695 - £1,750

Rent Estimate

£1,022

Running Costs/mo

£958

Cashflow/mo

£64

Cashflow/yr

£767

ROI

1%

Gross Yield

6%













Local Rents

13 rents from £695/mo to £1.8K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,75008/240.26 mi-3
£1,20011/240.34 mi-3
£69505/240.43 mi152 Rhosnesni Lane, Wrexham, LL13 9ES3
£1,25005/240.5 mi-3
£1,19512/240.5 mi-3
£1,25005/240.5 miFairmount Road, Wrexham, LL133
£95005/240.54 miWoburn Close, Wrexham3
£90008/240.8 mi-3
£85005/240.8 mi105 Derwent Crescent, Wrexham, Wrexham (County of), LL12 7YW3
£85012/240.81 mi-3
£72505/240.97 mi24 Kenyon Avenue, Wrexham, Wrexham (County of), LL11 2ST3
£82502/251.2 mi-3
£85002/251.2 mi-3

Local Area Statistics

Population in LL12

28,275

Population in Wrexham

134,792

Town centre distance

5.43 miles away

Nearest school

0.10 miles away

Nearest train station

1.52 miles away

 

 

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+26%

Property History

Listed for £215,000

December 16, 2024

Floor Plans

Description

  • A fantastic opportunity to purchase a 3 bedroom semi-detached property +
  • In need os some internal modernisation +
  • Excellent Potential +
  • Gas central heating +
  • Ample off road parking +
  • Single garage +
  • Popular residential area +
  • NO CHAIN +

A wonderful opportunity to purchase a 3 bedroom semi-detached property situated in a popular residential area within the Borras district of Wrexham. The property is in need of some internal modernisation but has fantastic potential offering a good size lounge/dining room, 2 double bedrooms and a single bedroom and ample off road parking leading to a single garage. The Borras area of Wrexham benefits from having an array of local amenities close to hand including various shops, primary school and has excellent access to Wrexham city centre and to major road links for commuting. In brief the property comprises of; hallway, lounge/dining room, kitchen and shower room to the ground floor and 3 bedrooms to the first floor.

Hallway - With stairs off to the first floor, door to under stairs storage cupboard, carpeted flooring.

Lounge - 4.71m x 3.74m (15'5" x 12'3") - With an attractive central fireplace with living flame gas fire and marble surround and hearth, sliding doors off to the rear garden, carpeted flooring, archway into the dining room.

Dining Room - 3.70m x 3.76m (12'1" x 12'4") - With carpeted flooring, double glazed window to the front.

Kitchen - 3.62m x 2.86m (11'10" x 9'4") - Fitted with matching wall, drawer and base units, working surface with inset 1 1/4 stainless steel sink and drainer, integrated dishwasher, 4 ring gas hob, space for a cooker and washing machine, double glazed window, part tiled walls, door to the side, gas combination boiler.

Shower Room - 2.47m x 1.69m (8'1" x 5'6") - Fitted with a large shower, low level w.c, pedestal wash hand basin, 2 double glazed windows, fully tiled walls.

First Floor Landing - With carpeted flooring, doors off to the bedrooms.

Bedroom 1 - 3.80m x 4.76m (12'5" x 15'7") - A spacious bedroom with a double glazed window to the front, doors to a useful storage cupboard, doors to storage under the eaves.

Bedroom 2 - 3.73m x 2.87m (12'2" x 9'4") - A double bedroom with 2 double glazed windows, carpeted flooring.

Bedroom 3 - 2.27m x 2.56m (7'5" x 8'4" ) - With a double glazed window to the front, carpeted flooring.

Rear Garden - To the rear is a paved patio and a lawned garden with gated access to the side.

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

Important Information - 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 Facts For Buyers - 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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