3 Bed Bungalow, Refurb/BRRR, Warrington, WA1 3EX, £235,000

Rushmore Grove, Paddington, WA1 3EX - a year ago

Refurb/BRRR
ROI: 1%
~82 m²
+19 photos

ValuationOvervalued

Sold Prices£140K - £395K
Sold Prices/m²£1.8K/m² - £4K/m²

 

 

Square Metres

~81.80 m²
Price/m²£2.9K/m²

Value Estimate

£213,498

 

 

End Value (After Refurb)

£235,645

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£12,950

Refurb Costs

£34,656

Bridging Loan Interest

£6,169

Total Cash In

£114,275

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£235,645

Mortgage (After Refinance)

£176,734

Mortgage LTV

75%

Cash Released

£484

Cash Left In

£113,791

Equity

£58,911

Rent Range

£850 - £1,400

Rent Estimate

£1,091

Running Costs/mo

£975

Cashflow/mo

£116

Cashflow/yr

£1,392

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £140K to £395K, average is £239K. £1.8K/m² to £4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£290K07/230.04 mi46, Rushmore Grove, Paddington, Warrington WA1 3EX3
£289.9K07/210.04 mi69, Birchdale Road, Paddington, Warrington WA1 3EU3
£255K10/230.06 mi65, Birchdale Road, Paddington, Warrington WA1 3ES3
£242.5K01/210.09 mi45, Rushmore Grove, Paddington, Warrington WA1 3EX3
£282.5K04/240.13 mi590, Manchester Road, Paddington, Warrington WA1 3UA3
£194K01/210.2 mi13, Cynthia Avenue, Woolston, Warrington WA1 3UL3
£225K04/210.2 mi8, Cynthia Avenue, Woolston, Warrington WA1 3UL3
£190K06/210.2 mi24, Southdale Road, Paddington, Warrington WA1 3HL3
£200K10/200.22 mi1, Gordon Avenue, Woolston, Warrington WA1 3UJ3
£250K12/220.22 mi12, Northdale Road, Paddington, Warrington WA1 3HH3
£220K06/210.24 mi60, Southdale Road, Paddington, Warrington WA1 3HD3
£229.2K03/240.24 mi44, Southdale Road, Paddington, Warrington WA1 3HD3
£335.5K02/240.25 mi9, Royston Avenue, Paddington, Warrington WA1 3EJ3
£207K03/210.25 mi10, Royston Avenue, Paddington, Warrington WA1 3EJ3
£163K01/210.25 mi5, Royston Avenue, Paddington, Warrington WA1 3EJ3
£238K08/230.25 mi2, Royston Avenue, Paddington, Warrington WA1 3EJ3
£215K12/200.25 mi11, Royston Avenue, Paddington, Warrington WA1 3EJ3
£206.1K08/230.26 mi413, Manchester Road, Paddington, Warrington WA1 3LP3
£245K01/210.26 mi96, Green Lane, Padgate, Warrington WA1 4JL3
£203K07/210.27 mi6, Princess Avenue, Padgate, Warrington WA1 3TS3
£255K07/230.28 mi27, Lambs Lane, Paddington, Warrington WA1 3HG3
£260K12/220.28 mi7, Lambs Lane, Paddington, Warrington WA1 3HG3
£232K01/240.28 mi29, Lambs Lane, Paddington, Warrington WA1 3HG3
£270.5K09/230.28 mi9, Lambs Lane, Paddington, Warrington WA1 3HG3
£240K08/210.32 mi7, Elm Grove, Paddington, Warrington WA1 3EH3
£395K09/230.33 mi38, Constable Square, Paddington, Warrington WA1 3GP3
£140K01/230.34 mi15, Manchester Road, Woolston, Warrington WA1 4AE3
£185K02/210.34 mi13, Manchester Road, Woolston, Warrington WA1 4AE3
£250K12/220.35 mi6, Lock Road, Paddington, Warrington WA1 3NG3
£152K05/210.35 mi2, Truro Close, Woolston, Warrington WA1 4LR3
£360K06/230.36 mi466, Manchester Road, Paddington, Warrington WA1 3HU3
£270K04/230.37 mi43, Westover Road, Padgate, Warrington WA1 3JR3
£232.5K07/240.37 mi53, Westover Road, Padgate, Warrington WA1 3JR3
£230.5K06/230.37 mi27, Westover Road, Padgate, Warrington WA1 3JR3
£224K01/240.37 mi57, Westover Road, Padgate, Warrington WA1 3JR3
£225K10/230.37 mi27, Elizabeth Drive, Padgate, Warrington WA1 4JQ3
£292K03/240.37 mi58, Elizabeth Drive, Padgate, Warrington WA1 4JQ3
£270.8K09/210.37 mi34, Somerset Way, Woolston, Warrington WA1 4LP3
£290K09/210.37 mi9, Monroe Close, Woolston, Warrington WA1 4LW3
£212K12/200.38 mi1, Fir Grove, Paddington, Warrington WA1 3JF3
£212K12/200.38 mi1, Fir Grove, Paddington, Warrington WA1 3JF3
£320K03/240.38 mi18, Birch Grove, Paddington, Warrington WA1 3JG3
£337.5K02/240.38 mi16, Birch Grove, Paddington, Warrington WA1 3JG3
£295K12/230.38 mi13, Green Lane, Padgate, Warrington WA1 4JA3
£192K03/210.39 mi28, Westover Road, Padgate, Warrington WA1 3JP3
£228K02/210.4 mi3, Dorset Way, Woolston, Warrington WA1 4LQ3
£280K06/240.4 mi8a, Hillock Lane, Woolston, Warrington WA1 4NF3
£365K05/230.4 mi19, Hillock Lane, Woolston, Warrington WA1 4NF3
£175K03/210.41 mi12, Springfield Avenue, Padgate, Warrington WA1 3TL3
£251.1K06/210.41 mi51, Wilkinson Avenue, Paddington, Warrington WA1 3LU3

Local Rents

22 rents from £850/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99510/240.06 miThe Stables, Manchester Road, Woolston, Warrington3
£1,10010/240.55 miManchester Road, Woolston, Warrington3
£1,00002/240.57 mi-3
£1,15002/240.67 mi-3
£1,20010/240.78 miBaron Close, Woolston, WA13
£1,10010/240.86 miLinden Close, Woolston3
£1,40010/240.88 miLinden Close, Woolston, WA13
£95010/240.89 miMorris Avenue, Warrington3
£1,00002/250.95 mi-3
£90010/240.96 mi-3
£95010/240.99 miHarrier Road, Padgate, Warrington3
£97510/241 miKingsway South, Warrington3
£97510/241.03 miAppletree Grove, Fearnhead, WA23
£1,10002/251.04 mi-3
£1,28002/241.04 mi-3
£85010/241.11 miAlgernon Street Warrington3
£1,30012/241.11 mi-3
£1,30002/251.11 mi-3
£1,35003/251.14 mi-3
£1,10012/241.2 mi-3
£92501/251.22 mi-3
£1,10010/241.24 miRock Road, Warrington, Cheshire, WA43

Local Area Statistics

Population in WA1

21,579

Population in Warrington

215,344

Town centre distance

0.76 miles away

Nearest school

0.20 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Price changed to £235,000

March 12, 2025

Price changed to £250,000

December 4, 2024

Listed for £260,000

March 22, 2024

Floor Plans

Description

  • No Upwards Chain +
  • Extended Semi Detached Bungalow +
  • Sought After Design +
  • Garage and Driveway +
  • Well Maintained Accommodation with General Modernising Needed +
  • Good Sized Rear Garden +
  • Three Bedrooms, Kitchen and White Bathroom Suite +

Nestled within a peaceful residential area this inviting three bedroom semi-detached bungalow presents an enticing opportunity for those seeking a well-located property with the potential to create a bespoke living space. Offered with the added advantage of no upwards chain this extended bungalow boasts a sought-after design and offers ample space for a growing family or downsizers looking for single-level living.

Approaching the property a driveway and garage provide convenient off-road parking options while the well-proportioned exterior sets an attractive tone for the accommodation that lies within. Upon entering the hallway leads to a generously sized living room perfect for both relaxing evenings and hosting guests.

The property offers three bedrooms ensuring ample provision for a growing family or visiting guests with each room providing a comfortable and adaptable living space. The kitchen while in need of modernisation offers a base for culinary endeavours and a white bathroom suite completes the accommodation.

The rear garden whilst needing attention offers a versatile outdoor area ideal for enjoying summer barbeques, al fresco dining or simply relaxing in the sun. As a blank canvas this outdoor space invites you to put your stamp on it and create a personalised oasis tailored to your lifestyle needs.

Throughout the property the current owners have carefully maintained the accommodation providing a solid foundation for potential buyers to update and enhance the property to suit their tastes and preferences.

Situated in a sought-after location this bungalow benefits from easy access to local amenities, schools, and transport links. With a wealth of potential waiting to be unlocked this property represents an excellent opportunity for those looking to create a comfortable and stylish living space in a desirable area.

Don’t miss out on the chance to view this gem of a property and unlock the potential that lies within! Contact us today to arrange a viewing and seize the opportunity to make this bungalow your own.

EPC Rating: A

Agent Details

Ashtons Estate Agency, Warrington

01925 361702

Next Steps?

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