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High Street, Bagillt, CH6

North West

£295,000
Listed on 26/11/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This former Kingdom Hall presents a compelling opportunity for investors and developers looking to maximize the potential of this versatile property. Situated in a convenient location, the building's adaptable layout and surrounding land offer a variety of possibilities for future use. The current owners have developed preliminary sketches indicating the feasibility of converting the property into 18 two-bedroom apartments, along with designated parking spaces. These plans illustrate the strong potential for residential development, capitalizing on the increasing demand for housing in the area. The existing structure features multiple functional spaces, including a large main hall, several smaller rooms suitable for offices or meeting areas, and essential facilities such as a kitchen and gender-specific restrooms. The grounds include an expansive lawn garden at the front of the building, further enhancing its appeal and utility. Additionally, there is ample parking available to accommodate both staff and visitors. This property is also ideally suited for other commercial uses such as office space or storage facilities. Its configuration makes it a viable option for conversion into community services like a daycare center or play area, pending necessary planning approvals. With its prime location and flexible design, this property not only offers immediate utility but also significant investment potential. Whether you’re looking to renovate for rental income or pursue development projects, it provides numerous avenues to explore in today's dynamic market.

Investment Analysis

(CH6 area)
Area Average
£210/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CH6)

Area prices are stable by +0.5% over the last 12 months
3 year growth: 9.5%
5 year growth: 22.2%
Investment Disclaimer: Analysis based on CH6 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

High Street, Bagillt, CH6
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Mortgage Calculator

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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,081
Based on a loan of £221,250 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