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Brook Street,Wrexham,LL13

Wales

£1,600,000
Listed on 17/06/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This strategically located site is set to transform into a modern student accommodation complex, ideally positioned for those attending Glyndwr University and enjoying the vibrant city centre atmosphere. With approved planning permission for two three-storey buildings comprising 21 cluster flats with a total of 107 en-suite bedrooms and communal kitchens, this development presents an excellent investment opportunity. The design promises a contemporary flair while respecting the surrounding urban landscape, effectively balancing bold architecture with functionality. The inclusion of undercroft parking, accommodating 54 vehicles, alongside two retail outlets enhances its appeal as a multifaceted living space. Thoughtfully designed courtyards will foster community engagement among students, offering attractive outdoor areas conducive to socialization and relaxation. As the planning details are fully approved and available upon request, this property stands ready for immediate development that can capitalize on the growing demand for student housing in this region.

Investment Analysis

(LL13 area)
Area Average
£214/sq ft
Avg Rent (weekly)
£181
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£800,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
77%
Properties sold annually

Local Market Trend (LL13)

Area prices are stable by +2.0% over the last 12 months
3 year growth: +4.4%
5 year growth: +6.2%
Investment Disclaimer: Analysis based on LL13 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

Brook Street,Wrexham,LL13
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£5,771
Based on a loan of £1,200,000 over 30 years at 4.06% 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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