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Gronant Road, Prestatyn, Denbighshire, LL19 - Image 1
Gronant Road, Prestatyn, Denbighshire, LL19 - Image 2

Gronant Road, Prestatyn, Denbighshire, LL19

Wales

£400,000
Listed on 12/08/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property represents a noteworthy investment opportunity situated at a prominent corner in Prestatyn, adjacent to both Gronant Road (A547) and Pendre Avenue. Currently functioning as a garage and workshop, the site is surrounded by an affluent residential neighborhood predominantly composed of semi-detached and detached homes. Located in this seaside town within Denbighshire, it boasts proximity to essential shopping facilities, local eateries, and the well-known Prestatyn retail park, which features major retailers such as Marks and Spencer and Tesco. The site also offers potential views of Prestatyn Mountain and glimpses of the coast beyond. The rectangular plot includes a former mechanics garage with an office space, storage area, and workshop located at the rear. A concrete hardstanding envelops the property’s front and sides. Notably, detailed planning applications have been submitted for two distinct development schemes: one proposes eight luxury two-bedroom apartments ranging from approximately 66 to 82m²—some featuring balconies—while the alternate plan outlines four three-storey townhouses each encompassing around 130m². Both proposals incorporate designated parking spaces and opportunities for landscaped gardens. As the land is freehold, it presents a compelling option for developers aiming to capitalize on the site's planning potential following appropriate permissions.

Investment Analysis

(LL19 area)
Area Average
£223/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £450,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LL19)

Area prices are rising by +5.8% over the last 12 months
3 year growth: 4.9%
5 year growth: 23.0%
Investment Disclaimer: Analysis based on LL19 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

Gronant Road, Prestatyn, Denbighshire, LL19
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,465
Based on a loan of £300,000 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