2 Bed Bungalow, Refurb/BRRR, Warrington, WA4 2YN, £375,000

211 Sharon Park Close, Grappenhall, WA4 2YN - a year ago

Refurb/BRRR
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£115K - £500K
Sold Prices/m²£1.3K/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£142,767

 

 

End Value (After Refurb)

£346,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£26,200

Refurb Costs

£28,856

Bridging Loan Interest

£9,844

Total Cash In

£160,399

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£346,000

Mortgage (After Refinance)

£259,500

Mortgage LTV

75%

Cash Left In

£160,399

Equity

£86,500

Rent Range

£700 - £1,495

Rent Estimate

£922

Running Costs/mo

£1,286

Cashflow/mo

£-364

Cashflow/yr

£-4,364

Gross Yield

3%

Local Sold Prices

26 sold prices from £115K to £500K, average is £252.5K. £1.3K/m² to £4.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£500K08/230.13 miWoodside Cottage, Knutsford Road, Grappenhall, Warrington WA4 2TT2
£338.6K02/210.14 mi9, Laurel Bank, Grappenhall, Warrington WA4 2SF2
£306K11/200.15 mi2, Menlow Close, Grappenhall, Warrington WA4 2RA2
£370K09/230.2 mi14, Bellhouse Lane, Grappenhall, Warrington WA4 2SD2
£335K03/240.26 mi5, Weaste Lane, Thelwall, Warrington WA4 3JT2
£310K10/200.26 mi3, Weaste Lane, Thelwall, Warrington WA4 3JT2
£188K03/210.32 mi5, East View, Grappenhall, Warrington WA4 2QH2
£365K09/210.41 mi62, Weaste Lane, Thelwall, Warrington WA4 3JR2
£255K03/210.49 mi12, Wilson Close, Thelwall, Warrington WA4 2ET2
£250K02/210.51 mi68, Richmond Avenue, Grappenhall, Warrington WA4 2NX2
£218K04/210.59 mi18, Selworthy Drive, Thelwall, Warrington WA4 2HT2
£313.5K10/210.6 mi27, Albert Road, Grappenhall, Warrington WA4 2PF2
£247.5K12/230.65 mi7, Woodford Close, Thelwall, Warrington WA4 2NA2
£230K06/210.67 mi15, Mayfield Road, Grappenhall, Warrington WA4 2NP2
£311K04/210.73 mi4, Harwood Gardens, Grappenhall, Warrington WA4 2JY2
£270K08/230.73 mi21, Prestbury Drive, Thelwall, Warrington WA4 2HZ2
£165K02/230.76 mi340, Thelwall Lane, Warrington WA4 1NJ2
£115K06/210.76 mi302, Thelwall Lane, Latchford, Warrington WA4 1NJ2
£135K03/230.76 mi316, Thelwall Lane, Latchford, Warrington WA4 1NJ2
£320K03/210.79 mi23, Marlfield Road, Grappenhall, Warrington WA4 2JT2
£246K09/230.79 mi39, Wilmslow Crescent, Thelwall, Warrington WA4 2JE2
£320K08/210.82 mi3, Tudor Close, Grappenhall, Warrington WA4 2JU2
£115K06/210.83 mi7, Richmond Street, Latchford, Warrington WA4 1NS2
£132K08/210.9 mi1, Nook Lane, Warrington WA4 1NT2
£210K11/230.93 mi6, Parkfield Avenue, Warrington WA4 1NY2
£150K06/210.95 mi201, Thelwall Lane, Latchford, Warrington WA4 1NF2

Local Rents

16 rents from £700/mo to £1.5K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£89503/250.4 mi-2
£80001/240.78 mi-2
£80001/240.78 mi-2
£95010/240.84 miBourchier Way, Grappenhall Heys, Warrington, WA42
£90010/240.84 mi-2
£79910/240.93 miClearwater Quays, Williams Wharf, Latchford, Warrington, WA42
£85012/240.99 mi-2
£79910/241.02 miClearwater Quays, Warrington, WA42
£80010/241.06 mi-2
£1,04010/241.15 miStation Road, Warrington, Cheshire, WA42
£80010/241.16 miVictoria Gardens; Latchford; WA42
£80010/241.18 miAshfield Gardens, Warrington, Cheshire, WA42
£1,49501/251.19 mi-2
£1,35003/251.19 mi-2
£70010/241.2 miGrammar School Road, Warrington2
£85010/241.21 miGrammar School Road2

Local Area Statistics

Population in WA4

46,997

Population in Warrington

215,344

Town centre distance

2.45 miles away

Nearest school

0.40 miles away

Nearest train station

2.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £375,000

February 23, 2024

Floor Plans

Description

  • Spacious Detached Bungalow +
  • Sought After Grappenhall Location +
  • Modernisation Required +
  • Two Double Bedrooms +
  • Lounge & Kitchen / Dining Room +
  • Bathroom & Cloaks / WC +
  • Gas C.H. & Double Glazing +
  • South Facing Rear Garden +
  • Detached Garage & Driveway +
  • No Chain Delay +

Adams Estate Agents are delighted to offer for sale this spacious two bedroom detached bungalow, located within a quiet cul-de-sac position in Grappenhall Village. In brief, the accommodation comprises of; an entrance porch leading into hallway, WC, lounge, kitchen/diner, two double bedrooms and four piece bathroom.  Externally, the property stands well within its plot and benefits from a South facing garden at the rear.  To the front of the property, there is a tarmacadam driveway providing access to the detached garage. Properties on this development rarely become available and we would advise a viewing at your earliest opportunity. No Chain Delay With This Sale. Ground Floor Entrance Porch - 1.22m x 0.76m (4'0" x 2'6") Hallway - 5.21m x 0.97m (17'1" x 3'2") WC - 1.65m x 1.04m (5'5" x 3'5") Lounge - 5.46m x 3.94m (17'11" x 12'11") Kitchen/Diner  - 5.31m x 3.94m (17'5" x 12'11") Bedroom 1 - 3.66m x 3.61m (12'0" x 11'10") Bedroom 2 - 3.25m x 2.95m (10'8" x 9'8") Bathroom - 2.57m x 2.36m (8'5" x 7'9") Rear Porch - 1.63m x 2.03m (5'4" x 6'8") Garage - 5.69m x 3.02m (18'8" x 9'11") Externally The property stands well within its plot, occupying a pleasant position in a quiet cul-de-sac. To the front of the property, there is a tarmacadam driveway providing access to the detached garage. To the rear, there is a generous size South facing garden with flagged patio area and lawn.  Viewing By prior appointment through our Stockton Heath office on 01925-398343. Note All measurements are approximate.  No appliances or central heating systems referred to within these particulars have been tested and therefore their working order cannot be verified.  Floor plans are for guide purposes only and all dimensions are approximate and are not to be used for room and furniture planning. Agents Notes
 
Tenure: Freehold
 
Council Tax Band: E
 
Local Authority: Warrington Borough Council
 
EPC rating: TBC

Agent Details

Adams Estate Agents, Stockton Heath

01925 361697

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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