7 Bed Terraced House, Refurb/BRRR, Exeter, EX4 6AW, £550,000

49 Longbrook Street, Exeter, EX4 6AW - 38 views - 3 years ago

Motivated
Refurb/BRRR
~217 m²
+16 photos

ValuationUndervalued

Sold Prices£128K - £887.5K
Sold Prices/m²£1.3K/m² - £7.4K/m²

 

 

Square Metres

~217 m²
Price/m²£2.5K/m²

Value Estimate

£566,500
BMV3%

 

 

End Value (After Refurb)

£748,437

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£88,667

Bridging Loan Interest

£14,438

Total Cash In

£275,054

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£748,437

Agent Fees (1%)

£7,484

Bridging Loan

£412,500

Bridging Loan Interest

£14,438

Flip Profit

£53,399

Local Sold Prices

50 sold prices from £128K to £887.5K, average is £455K. £1.3K/m² to £7.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£550K10/210.24 mi5, Hillside Avenue, Exeter, Devon EX4 4NW4
£480K04/230.24 mi1, Addington Court, Exeter, Devon EX4 4UY4
£412K08/210.26 mi57, Oxford Road, Exeter, Devon EX4 6QX4
£860K12/200.32 mi23, Barnfield Road, Exeter, Devon EX1 1RX4
£577K03/210.33 mi11, Belmont Road, Exeter, Devon EX1 2HF4
£585K01/230.35 mi26, Denmark Road, Exeter, Devon EX1 1SL4
£320K01/210.37 mi16, Salem Place, Exeter, Devon EX4 6SL4
£397.5K03/210.48 mi14, St Davids Hill, Exeter, Devon EX4 3RQ4
£392K12/220.49 mi89, Old Tiverton Road, Exeter, Devon EX4 6LJ4
£660K07/230.52 mi8, Prospect Park, Exeter, Devon EX4 6NA4
£330K02/230.53 mi3, Gladstone Road, Exeter, Devon EX1 2EE4
£465K12/200.54 mi10, Raleigh Road, Exeter, Devon EX1 1TQ4
£630K08/210.54 mi10, Pennsylvania Close, Exeter, Devon EX4 6DJ4
£450K01/210.55 mi3, Culverland Close, Exeter, Devon EX4 6HR4
£400K10/200.55 mi20, Culverland Close, Exeter, Devon EX4 6HR4
£585K02/210.57 mi15, Maryfield Avenue, Exeter, Devon EX4 6JN4
£860K05/210.59 mi46, Wonford Road, Exeter, Devon EX2 4LD4
£355K04/210.6 mi21, Polsloe Road, Exeter, Devon EX1 2HL4
£655K01/230.63 mi4, Premier Place, Exeter, Devon EX2 4LB4
£725K05/230.64 mi29, Marlborough Road, Exeter, Devon EX2 4TJ4
£436K09/210.65 mi17, Melbourne Street, Exeter, Devon EX2 4AU4
£540K02/230.65 mi9, Park Road, Exeter, Devon EX1 2HS4
£420K12/200.66 mi81, St Leonards Road, Exeter, Devon EX2 4LS4
£450K06/230.66 mi8, Cedars Road, Exeter, Devon EX2 4NA4
£470K07/230.66 mi6, Cedars Road, Exeter, Devon EX2 4NA4
£485K07/230.66 mi26, Higher Kings Avenue, Exeter, Devon EX4 6JP4
£360K11/210.66 mi25, Jubilee Road, Exeter, Devon EX1 2HX4
£375K11/220.66 mi17, Jubilee Road, Exeter, Devon EX1 2HX4
£407.5K02/230.67 mi19, Abbots Road, Exeter, Devon EX4 7AN4
£495K06/210.67 mi2a, North Avenue, Exeter, Devon EX1 2DU4
£470K12/200.67 mi59, Barnardo Road, Exeter, Devon EX2 4ND4
£475K11/200.67 mi61, Barnardo Road, Exeter, Devon EX2 4ND4
£450K05/210.67 mi55, Barnardo Road, Exeter, Devon EX2 4ND4
£440K06/230.67 mi20, West Grove Road, Exeter, Devon EX2 4LU4
£345.9K07/230.67 mi86, Bonhay Road, Exeter, Devon EX4 4BL4
£287.5K10/210.67 mi79, Bonhay Road, Exeter, Devon EX4 4BL4
£725K11/210.67 miWestgate, 132, Pennsylvania Road, Exeter, Devon EX4 6DW4
£887.5K04/210.68 miGreencroft, Streatham Rise, Exeter, Devon EX4 4PE4
£510K08/210.69 mi8, Colleton Hill, Exeter, Devon EX2 4AS4
£525K09/230.69 mi1, East Grove Road, Exeter, Devon EX2 4LX4
£419K06/210.7 mi13, Hill Close, Exeter, Devon EX4 6HG4
£310K04/230.7 mi16, Pinhoe Road, Exeter, Devon EX4 7HL4
£568.5K01/230.71 mi22, East Avenue, Exeter, Devon EX1 2DY4
£312K12/200.71 mi21, Regents Park, Exeter, Devon EX1 2NU4
£535K11/220.71 miRougemont Cottage, Rosebarn Lane, Exeter, Devon EX4 6EL4
£128K02/210.72 mi47, Pinhoe Road, Exeter, Devon EX4 7HS4
£365K08/210.72 mi45, Manston Road, Exeter, Devon EX1 2QA4
£460K02/230.72 miHickling Cottage, Taddyforde Estate, Exeter, Devon EX4 4AT4
£345K12/200.73 mi87, Park Road, Exeter, Devon EX1 2HT4
£380K06/210.73 mi52, Park Road, Exeter, Devon EX1 2HT4

Local Rents

51 rents from £563/mo to £5.1K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,45002/240.02 mi-3
£2,45004/240.02 mi-3
£3,25005/240.06 miThe Courtyard, 48 New North Road, Exeter3
£3,25005/240.06 miThe Courtyard, 48 New North Road, Exeter3
£3,25005/240.07 miThe Courtyard, 48 New North Road, Exeter3
£2,60004/240.09 miOld Park Road, Exeter, Devon, EX44
£2,60004/240.09 miOld Park Road, Exeter4
£82804/240.12 mi91 Longbrook Street EX4 6AU7
£1,70003/240.16 miYork Road, Exeter3
£1,70004/240.16 miYork Road, Exeter3
£2,20004/240.16 miYork Road, Exeter4
£2,20004/240.16 miYork Road, Exeter4
£2,20004/240.16 miYork Road, Exeter4
£1,70005/240.16 miYork Road, Exeter3
£2,60003/240.16 miWell Street, Exeter4
£3,03303/240.16 miYork Road, Exeter4
£1,60004/240.2 miOxford Road, EXETER3
£3,46703/240.2 miWell Street, St James, Exeter, EX45
£56304/240.22 miSidwell Street, Exeter4
£71504/240.22 miThornton Hill, Exeter, EX48
£3,46703/240.23 miYork Terrace, Exeter, Devon, EX45
£2,50005/240.25 miHorseguards, Exeter3
£1,88503/240.25 miHoopern Street, Exeter, EX4 4LY3
£1,50003/240.26 miJulius House, Exeter3
£1,40003/240.26 miNew North Road, EXETER3
£1,59912/240.26 mi-3
£3,27604/240.26 miPennsylvania Road, Exeter4
£4,11403/240.26 miPennsylvania Road, Exeter5
£3,44804/240.26 miPennsylvania Road, Exeter4
£2,58805/240.26 miPennsylvania Road, Exeter3
£3,27605/240.26 miPennsylvania Road, Exeter4
£3,90005/240.26 miPennsylvania Road, Exeter5
£5,06404/240.29 miArchibald Road, Exeter7
£3,25004/240.29 miDanes Road, St Davids, Exeter5
£3,25004/240.29 miDanes Road, Exeter, EX4 4LS6
£1,45005/240.29 miHighcross Road, Exeter3
£1,95004/240.31 miBarnfield Road, Exeter3
£82804/240.31 mi8 St James Road EX4 6PU7
£1,10005/240.31 miNew North Road, Exeter3
£3,20004/240.32 miDanes Road, Exeter, EX45
£3,51004/240.32 miArchibald Road, Exeter6
£4,68004/240.32 miPennsylvania Road, Exeter6
£1,10004/240.32 miClifton Road3
£2,16704/240.33 miBarnfield Road, Exeter3
£3,00004/240.33 miExeter, Devon3
£2,42704/250.34 mi-4
£1,40005/240.34 miChute Street, Exeter3
£1,60003/250.34 mi-3
£1,97204/240.35 miHoopern Mews, Hoopern Street, Exeter, EX43
£2,03704/240.35 miHoopern Mews, Hoopern Street, Exeter, EX43
£1,95005/240.35 miBarnfield Road, Exeter, Devon, EX14

Local Area Statistics

Population in EX4

55,140

Population in Exeter

128,336

Town centre distance

0.85 miles away

Nearest school

0.20 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Price changed to £550,000

September 25, 2024

Listed for £600,000

October 14, 2022

Floor Plans

Description

  • Motivated vendor +
  • 7 bedrooms with the potential for more +
  • 360 virtual tour +
  • Enclosed rear garden +
  • Potential to create off road parking (With relevant Planning) +
  • Walking distance to the city centre +
  • Good transport links +
  • Development potential +
  • Period features +
  • Wonderful location +

This end terrace property is on the market and presents a wonderful opportunity for those willing to undertake a renovation project. With an impressive seven bedrooms, two bathrooms, two reception rooms, and a kitchen, this home offers an abundance of space that is perfect for families and couples alike.

Situated in a highly desirable location, the property is conveniently close to Exeter University and the city centre. It is well-linked to public transport and is in proximity to local schools and amenities, making it an ideal urban living space.

The bedrooms are spacious and bathed in natural light, with each one comfortably accommodating a double bed. The master bedroom, in particular, is a standout feature of this property. Two large bathrooms serve the house, accommodating the needs of a large household.

The kitchen is adorned with natural light and features charming wood countertops. The two reception rooms are distinctive in their own right. The first boasts large windows and high ceilings, while the second has a cosy fireplace, making it an ideal space for relaxation and entertainment.

The property also boasts some unique features including high ceilings throughout and a garden, providing outdoor space for relaxation or children's play area. Additional details include the council tax band E and the property's potential for transformation, offering a chance to create your dream home in a popular location.

From its high ceilings to its spacious rooms and excellent location, this property is a gem waiting to be polished. It's a home with a heart and a story, ready for new owners to bring it back to life.

A HUGE property with HUGE potential. An ideal opportunity to convert into apartments (subject to planning. Equally you could make the most of the wonderful period features and create a lovely family home. Whatever the reason for the purchase, this one is not to be missed!

Hallway - Door to bedroom, door to living area, under stairs storage cupboard, door to bathroom, door to porch:

Ground Floor Bedroom/ Living Space - 4.80m x 3.61m - Window to the front aspect, fire place, radiator:

Living Space - 3.71m x 4.02m - Window to the rear aspect, fireplace, alcove storage, door to the kitchen, radiator:

Ground Floor Bathroom - 1.53m x 2.44m - Obscured window to the rear garden, low level WC, hand basin, bath:

Kitchen - 1.77m x 4.37m - Door to the rear garden, low level cupboards, space for a cooker, space for a fridge freezer, window to the rear garden:

First Floor Landing - Door to the bathroom, doors to all bedrooms on the first floor:

First Floor Bathroom - 1.34m x 4.11m - obscured window to the rear aspect, obscured window to the rear garden, bath, hand basin and low level WC:

First Floor Bedroom - 3.71m x 4.19m - Boarded fire place, window to the rear aspect:

First Floor Bedroom - 6.79m x 3.64m - Two windows to the front aspect, fire place, sink and drainer:

Second Floor Landing - Doors to all bedrooms, door to under stairs cupboard, door to the stairs leading to the loft room:

Second Floor Bedroom - 4.17m x 3.89m - Boarded fire place, window to the rear aspect:

Second Floor Bedroom - 3.96m x 3.60m - Window to the front aspect, sink and drainer:

Second Floor Bedroom - 2.97m 2.95m - Window to the front aspect, sink and drainer:

Loft Room - 2.97m x 6.58m - Window to the side aspect:

Agent Details

Hunters, Exeter

01392 321587

Next Steps?

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