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Denbigh

Wales

£290,000
Listed on 18/10/2024

Property Details

Bedrooms
3
Type
Terraced house
Area
1001 sqft

Description

This terraced house presents a promising opportunity for renovation and investment, featuring three spacious bedrooms spread across two levels. The property has already undergone significant improvements, including a new roof and the installation of sash windows, creating a solid foundation for further development. Inside, renovation work is currently in progress with new electrical and plumbing systems being installed. While the interior requires completion—specifically boarding and plastering—these enhancements provide a blank canvas for prospective buyers to put their personal touch on the home. Once finished, the layout is designed to meet the demands of modern family living. The accommodation consists of a welcoming entrance hall leading into an open-plan kitchen, dining, and living area, complemented by ample storage space. There’s also a utility room and a convenient WC on the ground floor. The first floor hosts three well-sized bedrooms, including a master suite with an ensuite bathroom, along with a family bathroom to serve the other rooms. The sizable rear garden adds valuable outdoor space that could be transformed into an inviting area for relaxation or recreation. Located within walking distance of local shops and educational institutions at both primary and secondary levels enhances its appeal to families and tenants alike. Services provided to the property include mains electricity, water, drainage, as well as central heating and domestic hot water systems. This location benefits from essential amenities while retaining a community feel. As renovations near completion, market interest is expected to rise significantly—providing potential buyers with an advantageous investment opportunity in a sought-after area.

Investment Analysis

(LL16 area)

Above Market Value

This property is priced +23.7% above area average per sq ft

+23.7%
This Property
£290/sq ft
Area Average
£234/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£257,823
10% above area average per sq ft
Potential ROI
-18.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LL16)

Area prices are rising by +2.3% over the last 12 months
3 year growth: 0.9%
5 year growth: 7.9%
Investment Disclaimer: Analysis based on LL16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Denbigh
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,062
Based on a loan of £217,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE