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Church Street, Blaenau Ffestiniog

Wales

£75,000
Listed on 20/04/2022

Property Details

Bedrooms
2
Type
Semi-detached house
Area
505 sqft

Description

This end terrace property presents a compelling opportunity for investors and builders looking to capitalize on a prime renovation project. Already granted planning permission for conversion into two one-bedroom flats, this property is just waiting for the right vision to bring its full potential to life. The first floor flat has seen some initial development, featuring essential amenities that lay a solid foundation for further enhancement. The kitchen is equipped with fitted wall and base units, complemented by matching surfaces and tiled splashbacks. It includes a stainless steel sink unit and a Vaillant combi boiler, ensuring reliable heating and hot water. The inner hallway offers additional storage convenience with a radiator for comfort. The bathroom showcases functional design with a panelled bath, low-level WC, and pedestal wash hand basin, along with modern touches like tiled walls and a chrome heated towel rail. The bedroom provides ample space at 3.61m x 3.13m, while the lounge area spans 4.79m x 3.26m, offering versatility in layout and décor possibilities. Access to the ground floor is currently restricted; however, it has been reported that all internal walls have been stripped back to the original stonework, creating an ideal blank canvas ready for development according to your specifications. Located in a neighborhood with promising growth potential, this property benefits from proximity to local amenities and transport links that enhance its desirability as rental units or resale opportunities upon completion. This listing also offers the flexibility of purchase through the Modern Method of Auction, allowing buyers time to secure traditional financing while exploring this unique investment opportunity without the immediate pressure of exchanging contracts. Prospective buyers are encouraged to conduct due diligence regarding planning permissions and are advised to consult their legal representatives during the process.

Investment Analysis

(LL41 area)

Below Market Value

This property is priced -12.3% below area average per sq ft

-12.3%
Potential saving
This Property
£149/sq ft
Area Average
£169/sq ft

Renovation Potential

Est. Renovation Cost
£7,500 - £18,750
10-25% of property value
Target Value
£94,074
10% above area average per sq ft
Potential ROI
+0.3%
After renovation
Monthly Sales
7
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LL41)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 7.0%
5 year growth: 27.9%
Investment Disclaimer: Analysis based on LL41 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Church Street, Blaenau Ffestiniog
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