3 Bed Detached House, Refurb/BRRR, Caernarfon, LL54 5DW, £175,000

Clynnogfawr, Caernarfon, Gwynedd, LL54 5DW - 8 days ago

Auction
Cash
Refurb/BRRR
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£136K - £165K
Sold Prices/m²£1.4K/m² - £1.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£129,790

 

 

End Value (After Refurb)

£150,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Refurb Costs

£37,600

Bridging Loan Interest

£4,594

Total Cash In

£97,644

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,500

Mortgage (After Refinance)

£112,875

Mortgage LTV

75%

Cash Left In

£97,644

Equity

£37,625

Rent Range

No enough data locally

Rent Estimate

~£400

Running Costs/mo

£570

Cashflow/mo

£-170

Cashflow/yr

£-2,044

Gross Yield

3%

Local Sold Prices

3 sold prices from £136K to £165K, average is £136K. £1.4K/m² to £1.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£165K11/232.88 mi9, Llwyn Y Ne, Clynnogfawr, Caernarfon, Gwynedd LL54 5BU3
£136K06/213 mi6, Llys Eben, Clynnogfawr, Caernarfon, Gwynedd LL54 5AQ3
£136K06/213 mi6, Llys Eben, Clynnogfawr, Caernarfon, Gwynedd LL54 5AQ3

Local Rents

Not enough data

Local Area Statistics

Population in LL54

11,375

Population in Caernarfon

32,819

Town centre distance

12.20 miles away

Nearest school

2.90 miles away

Nearest train station

5.97 miles away

 

 

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+38%

Property History

Listed for £175,000

March 19, 2025

Floor Plans

Description

ALL VIEWINGS MUST BE ACCOMPANIED AT ALL TIMES- DUE TO ISOLATION PLEASE DO NOT ATTEND THE PROPERTY WITHOUT AN APPOINTMENT
CASH OFFERS ONLY!!
Have you always dreamed of owning a house in a remote rural location where you can enjoy the peace and quiet that only nature can give? then look no further! Bryn Brych is a two storey detached stone built farmhouse full of character and charm, from slate flagged floors to exposed beams. This beautiful looking farmhouse is looking for a new lease of life! Sitting within approximately 1.5 acres (as per conveyance dated 4th October 1972) of mature garden/grounds with attached stone built outbuildings, the potential for this property is endless. The accommodation which is mostly double glazed briefly comprises of: entrance hall, living room, lounge/diner with a feature fireplace and a wood burner inset, galley style kitchen, pump room and a rear porch to the ground floor; with three bedrooms and a bathroom to the first floor landing. The property is approached through double gates leading onto a private driveway leading to the courtyard with ample off road parking for several vehicles. There are also additional smaller outbuildings located within the grounds. The property also comes with grazing rights for 22 sheep on 22.5 acres, or thereabouts on a nearby hillside
The property is currently un-registered and the reference to land and measurement is shown on the conveyance deeds dated the 4th October 1972. We have no other reference to the land measurements and all buyers must seek legal advice on this.
The property requires full renovation!
What 3 words: Darts, Nerves, Senses.
Specific Disclaimer: Please note this is a remote property which is accessed through a Forest and a farmers field which currently has cattle. All viewers must make sure that when they attend a viewing you must not have any dogs in the car, also the field can get very muddy and therefore a four wheel drive car would be advisable. You must not walk to the property. All gates must be closed at all times. Please bring appropriate footwear at all times. All viewings will be conducted at a time that is suitable for the agent.
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties personal data will be shared with the Auctioneer (IAM-Sold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.

Agent Details

Beresford Adams, Caernarfon

01286 800531

Next Steps?

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