3 Bed Semi-Detached House, Refurb/BRRR, Wrexham, LL11 2EU, £185,000

24 Clarence Road, Wrexham LL11 2EU - 2 views - 16 days ago

Refurb/BRRR

ROI: 2%

75 m²

+6 photos

ValuationOvervalued

Sold Prices	£119K - £370K
Sold Prices/m²	£1.5K/m² - £4K/m²

Square Metres	75 m²
Price/m²	£2.5K/m²
Value Estimate	£155,508£155,508

End Value (After Refurb)	£184,523£184,523

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£46,250£46,250
Stamp Duty & Legal Fees	£10,450£10,450
Refurb Costs	£30,435£30,435
Bridging Loan Interest	£4,856£4,856
Total Cash In	£93,741£93,741

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£184,523£184,523
Mortgage (After Refinance)	£138,392£138,392
Mortgage LTV	75%75%
Cash Left In	£93,741£93,741
Equity	£46,131£46,131
Rent Range	£695 - £1,750£695 - £1,750
Rent Estimate	£954
Running Costs/mo	£787£787
Cashflow/mo	£167£167
Cashflow/yr	£1,999£1,999
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £119K to £370K, average is £205K. £1.5K/m² to £4K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£160K	09/21	0.03 mi	15, Clarence Road, Wrexham LL11 2EU	£1,939	83	3	Semi-Detached House
£275K	10/21	0.07 mi	22, Southleigh Drive, Wrexham LL11 2HZ	£2,865	96	3	Detached House
£256.5K	12/20	0.07 mi	17, Southleigh Drive, Wrexham LL11 2HZ	£3,420	75	3	Detached House
£299.9K	12/21	0.08 mi	52, Buckingham Road, Wrexham LL11 2RH	£2,441	123	3	Detached House
£280K	03/23	0.09 mi	16, Southleigh Drive, Wrexham LL11 2HZ	£4,000	70	3	Detached House
£370K	12/22	0.09 mi	75, Sandway Road, Wrexham LL11 2RL	£3,776	98	3	Detached House
£187K	05/23	0.13 mi	5, Bryn Y Glyn, Wrexham LL11 2HF	£1,841	102	3	Semi-Detached House
£220K	10/21	0.14 mi	29, Buckingham Road, Wrexham LL11 2RH	£2,933	75	3	Semi-Detached House
£200K	03/21	0.14 mi	20, Buckingham Road, Wrexham LL11 2RH	£3,604	56	3	Semi-Detached House
£152.5K	11/21	0.16 mi	12, Morgan Avenue, Wrexham LL11 2ED	-	-	3	Semi-Detached House
£215K	04/21	0.17 mi	9, Ffordd Meirionydd, Wrexham LL11 2LA	-	-	3	Terraced House
£180K	12/22	0.17 mi	11, Grange Avenue, Wrexham LL11 2EF	£2,069	87	3	Semi-Detached House
£170K	04/23	0.17 mi	13, Morgan Avenue, Wrexham LL11 2ED	-	-	3	Semi-Detached House
£150K	04/23	0.19 mi	11, Stansty Road, Wrexham LL11 2HR	-	-	3	Semi-Detached House
£186K	06/21	0.19 mi	25, Northleigh Grove, Wrexham LL11 2HQ	£2,480	75	3	Semi-Detached House
£260K	10/20	0.19 mi	32, Northleigh Grove, Wrexham LL11 2HQ	£2,857	91	3	Detached House
£210K	10/21	0.19 mi	7, Northleigh Grove, Wrexham LL11 2HQ	£2,165	97	3	Semi-Detached House
£257.5K	12/21	0.21 mi	33, Sandway Road, Wrexham LL11 2RB	-	-	3	Semi-Detached House
£247.5K	10/21	0.21 mi	47, Sandway Road, Wrexham LL11 2RB	£2,813	88	3	Semi-Detached House
£337.5K	06/21	0.23 mi	32, Sandringham Road, Wrexham LL11 2RE	£2,885	117	3	Detached House
£166K	01/21	0.23 mi	8, Sandringham Road, Wrexham LL11 2RE	£1,865	89	3	Semi-Detached House
£119K	12/22	0.24 mi	3, Mawddwy Avenue, Wrexham LL11 2ER	-	-	3	Terraced House
£210K	05/21	0.26 mi	2, Haytor Road, Wrexham LL11 2PT	-	-	3	Semi-Detached House
£245K	08/21	0.26 mi	30, Haytor Road, Wrexham LL11 2PT	£2,882	85	3	Semi-Detached House
£220K	02/21	0.29 mi	6, Ffordd Mon, Wrexham LL11 2LH	£3,143	70	3	Detached House
£160K	12/20	0.36 mi	25, Top Farm Road, Wrexham LL11 2EZ	£1,911	84	3	Semi-Detached House
£191K	04/21	0.36 mi	29, Top Farm Road, Wrexham LL11 2EZ	£2,274	84	3	Detached House
£310K	11/20	0.37 mi	3, Acton Gate, Wrexham LL11 2PP	£2,981	104	3	Semi-Detached House
£250K	12/20	0.38 mi	17, Egerton Walk, Wrexham LL11 2PY	£2,070	121	3	Semi-Detached House
£290K	06/23	0.38 mi	8, Egerton Walk, Wrexham LL11 2PY	-	-	3	Terraced House
£285K	10/20	0.39 mi	101, Chester Road, Wrexham LL11 2SH	£2,176	131	3	Detached House
£154K	09/22	0.41 mi	96, Chester Road, Wrexham LL12 7YS	-	-	3	Terraced House
£210K	11/21	0.41 mi	1, Greenfield, Rhosddu, Wrexham LL11 2NR	£2,059	102	3	Detached House
£165K	03/23	0.41 mi	93, Acton Park Way, Wrexham LL12 7LF	-	-	3	Terraced House
£134.5K	01/21	0.41 mi	65, Acton Park Way, Wrexham LL12 7LF	£1,494	90	3	Terraced House
£274K	06/21	0.42 mi	54, Watsdyke Way, Wrexham LL11 2TH	-	-	3	Semi-Detached House
£225K	07/21	0.42 mi	1, Cunliffe Walk, Wrexham LL11 2SR	£2,501	90	3	Semi-Detached House
£210K	06/21	0.43 mi	59, Watsdyke Way, Wrexham LL11 2TG	£2,308	91	3	Detached House
£135K	12/20	0.44 mi	11, The Pines, Wrexham LL12 7HB	£1,552	87	3	Terraced House
£210K	12/20	0.44 mi	52, Ffordd Estyn, Wrexham LL11 2SU	£1,944	108	3	Semi-Detached House
£137K	12/20	0.46 mi	14, St Margaret Way, Wrexham LL12 7YP	£1,557	88	3	Semi-Detached House
£180K	12/22	0.46 mi	16, Acton Road, Rhosddu, Wrexham LL11 2NA	£1,703	106	3	Semi-Detached House
£155K	08/23	0.47 mi	103, Derwent Crescent, Wrexham LL12 7YW	-	-	3	Semi-Detached House
£200K	06/21	0.47 mi	44, Spring Road, Rhosddu, Wrexham LL11 2LU	£1,961	102	3	Semi-Detached House
£160K	03/23	0.49 mi	33, St Margaret Way, Wrexham LL12 7YP	£2,162	74	3	Terraced House
£149.9K	03/21	0.49 mi	5, St Margaret Way, Wrexham LL12 7YP	£1,947	77	3	Semi-Detached House
£190K	10/23	0.49 mi	49, St Margaret Way, Wrexham LL12 7YP	£2,262	84	3	Semi-Detached House
£166K	02/21	0.49 mi	1, Cilcen Grove, Wrexham LL12 7EU	£2,018	82	3	Terraced House
£308K	07/21	0.49 mi	97, Ffordd Estyn, Wrexham LL11 2TB	£3,802	81	3	Detached House
£180K	03/21	0.5 mi	195, Chester Road, Wrexham, Clwyd LL12 8DW	£2,097	86	3	Semi-Detached House

Local Rents

14 rents from £695/mo to £1.8K/mo, average is £898/mo.

Rent	Date	Distance	Address	Beds	Type
£895	03/25	0.32 mi	-	3	Semi-Detached House
£1,100	10/23	0.37 mi	12 Maes Glyndwr, Plas Coch Road, Wrexham, Wrexham (County of), LL11 2BZ	3	Detached House
£725	05/24	0.38 mi	24 Kenyon Avenue, Wrexham, Wrexham (County of), LL11 2ST	3	Flat
£850	05/24	0.47 mi	105 Derwent Crescent, Wrexham, Wrexham (County of), LL12 7YW	3	Detached House
£900	08/24	0.48 mi	-	3	Semi-Detached House
£825	02/25	0.5 mi	-	3	Terraced House
£850	03/25	0.5 mi	-	3	Terraced House
£850	12/24	0.89 mi	-	3	Terraced House
£925	05/24	0.92 mi	Hardwick Drive, Gwersyllt, LL11	3	Flat
£995	12/24	0.98 mi	Glascoed Way, Wrexham	3	Detached House
£1,100	05/24	0.99 mi	5 Thor Court, Jutland Grove, Gwersyllt	3	Detached House
£900	05/24	1 mi	-	3	Detached House
£1,750	08/24	1.12 mi	-	3	Bungalow
£695	05/24	1.14 mi	152 Rhosnesni Lane, Wrexham, LL13 9ES	3	Detached House

Local Area Statistics

Population in LL11	38,02838,028
Population in Wrexham	134,792134,792
Town centre distance	4.64 miles away4.64 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.60 miles away0.60 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+15%+15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £185,000

March 12, 2025

Description

Available with No Onward Chain +
In Need of Internal Refurbishment +
Three Bedroom Semi-Detached Property +
Ample Parking and Link-Detached Garage +
Located at the Head of a Cul-de-Sac +
Viewing Recommended. EPC Rating - 66|D +

Available with NO ONWARD CHAIN and located on the outskirts of the City Centre is this three bedroom semi-detached property. With ample off-road parking and link-detached garage to side elevation. Internal accommodation comprises lounge, open plan kitchen/dining room, three bedrooms and a family bathroom. In need of internal modernisation throughout. Situated within easy reach of local Primary Schools and the amenities in Garden Village and Rhosddu. EPC Rating - 66|D.

Agent Details

Bowen, Wrexham

01978 803848

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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