2 Bed Bungalow, Motivated Seller, Warrington, WA1 3HL, £252,750

18 Southdale Road, Warrington, WA1 3HL - 5 views - a year ago

Sold STC
Leasehold
Motivated
Planning
64 m²
+10 photos

ValuationOvervalued

Sold Prices£102K - £340K
Sold Prices/m²£1.6K/m² - £4.9K/m²

 

 

Square Metres

64.47 m²
Price/m²£3.9K/m²

Value Estimate

£182,153

 

 

End Value (After Refurb)

£240,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£63,188

Stamp Duty & Legal Fees

£8,920

Refurb Costs

£27,314

Bridging Loan Interest

£6,635

Total Cash In

£107,806

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£240,000

Mortgage (After Refinance)

£180,000

Mortgage LTV

75%

Cash Left In

£107,806

Equity

£60,000

Rent Range

£600 - £1,050

Rent Estimate

£851

Running Costs/mo

£940

Cashflow/mo

£-89

Cashflow/yr

£-1,070

Gross Yield

4%

Local Sold Prices

51 sold prices from £102K to £340K, average is £192K. £1.6K/m² to £4.9K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£195K06/240.04 mi6, Eastdale Road, Paddington, Warrington WA1 3EP2
£195K06/240.04 mi6, Eastdale Road, Paddington, Warrington WA1 3EP2
£170K03/210.06 mi6, Westdale Road, Paddington, Warrington WA1 3EW2
£179.5K05/210.06 mi12, Westdale Road, Paddington, Warrington WA1 3EW2
£206K11/230.06 mi8, Westdale Road, Paddington, Warrington WA1 3EW2
£163.5K12/200.08 mi21, Cedar Grove, Paddington, Warrington WA1 3HE2
£206.5K02/210.08 mi15, Cedar Grove, Paddington, Warrington WA1 3HE2
£240K04/230.08 mi34, Parkdale Road, Paddington, Warrington WA1 3EN2
£250K08/240.08 mi41, Parkdale Road, Paddington, Warrington WA1 3EN2
£215K07/210.09 mi21, Southdale Road, Paddington, Warrington WA1 3HD2
£260K11/230.11 mi21, Pine Grove, Paddington, Warrington WA1 3HF2
£175K04/210.16 mi18, Thorn Road, Paddington, Warrington WA1 3HQ2
£170K10/200.16 mi36, Rushmore Grove, Paddington, Warrington WA1 3EX2
£165K12/200.18 mi20, Seymour Drive, Paddington, Warrington WA1 3TT2
£287.5K04/230.18 mi37, Seymour Drive, Paddington, Warrington WA1 3TT2
£205K01/240.19 mi4, Aspen Grove, Paddington, Warrington WA1 3ET2
£145K01/210.2 mi536, Manchester Road, Paddington, Warrington WA1 3TZ2
£176.5K08/230.2 mi542, Manchester Road, Paddington, Warrington WA1 3TZ2
£205K06/210.23 mi17, Lock Road, Paddington, Warrington WA1 3NG2
£193.3K08/210.24 mi5, Lock Road, Paddington, Warrington WA1 3NG2
£155K02/210.26 mi28, Wilkinson Avenue, Paddington, Warrington WA1 3LU2
£290K04/230.27 mi7, Wildwood Grove, Paddington, Warrington WA1 3EZ2
£192K11/200.27 mi16, Seymour Drive, Padgate, Warrington WA1 3TR2
£183K12/200.32 mi574, Manchester Road, Paddington, Warrington WA1 3UA2
£250K08/230.32 mi576, Manchester Road, Paddington, Warrington WA1 3UA2
£205K03/210.33 mi5, Regent Avenue, Padgate, Warrington WA1 4JJ2
£202.5K03/210.34 mi18, Barnack Close, Padgate, Warrington WA1 4JH2
£238K05/240.34 mi18, Barnack Close, Padgate, Warrington WA1 4JH2
£190K05/230.36 mi6, Derby Drive, Warrington WA1 3BZ2
£180K02/240.36 mi58, Derby Drive, Warrington WA1 3BZ2
£150K07/210.37 mi41, Grosvenor Avenue, Warrington WA1 3BX2
£146K11/200.38 mi28, Connaught Avenue, Warrington WA1 3DA2
£192K02/230.43 mi43, Princess Avenue, Warrington WA1 3PE2
£205K12/220.45 mi48, Oakland Street, Warrington WA1 3DB2
£142K11/220.45 mi14, Oakland Street, Warrington WA1 3DB2
£126.5K12/200.45 mi22, Oakland Street, Warrington WA1 3DB2
£120K10/200.45 mi8, Oakland Street, Warrington WA1 3DB2
£157K07/210.45 mi15, Oakland Street, Warrington WA1 3DB2
£170K02/240.45 mi19, Oakland Street, Warrington WA1 3DB2
£225K09/200.46 mi23, Holes Lane, Woolston, Warrington WA1 4LS2
£155K07/230.48 mi37, King Edward Street, Warrington WA1 3SL2
£195K12/220.5 mi14, Hawthorne Avenue, Woolston, Warrington WA1 4AL2
£210K07/240.52 mi3, Wentworth Avenue, Woolston, Warrington WA1 4NA2
£119K03/210.52 mi10, Hawthorne Avenue, Woolston, Warrington WA1 4AL2
£145K05/210.52 mi12, Hawthorne Avenue, Woolston, Warrington WA1 4AL2
£285K12/220.54 mi17, Delery Drive, Padgate, Warrington WA1 3DJ2
£128K06/240.54 mi21, Cornwall Street, Warrington WA1 3SQ2
£178K11/200.55 mi19, Monroe Close, Woolston, Warrington WA1 4LW2
£220K01/240.55 mi218, Padgate Lane, Warrington WA1 3DF2
£340K11/220.57 mi15, Austral Avenue, Woolston, Warrington WA1 4ND2
£102K12/200.57 mi11, Walter Street, Warrington WA1 3TE2

Local Rents

37 rents from £600/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£87510/240.41 miPadgate, Warrington, WA12
£80010/240.76 mi-2
£80010/240.76 mi-2
£75010/240.78 miHazel Street, Warrington, WA12
£85010/240.79 miMarsh House Lane, Warrington2
£87502/250.83 mi-2
£79502/250.89 mi-2
£92511/240.94 mi-2
£69510/240.96 miMoorside, Warrington, Cheshire, WA42
£1,05010/240.99 miCinnamon Lane2
£60001/251.05 mi-2
£77502/241.05 mi-2
£95010/241.07 mi-2
£79902/251.1 mi-2
£69510/241.11 miRedfearn Walk, Marsh House Lane, Warrington, Cheshire, WA22
£79910/241.11 miDalton Bank, Warrington, WA12
£85010/241.13 mi-2
£80002/251.14 mi-2
£79512/241.14 mi-2
£85010/241.15 miRylands Drive, Warrington WA2 7DY2
£75010/241.15 miRylands Drive, Warrington, Cheshire, WA22
£80010/241.17 miVictoria Gardens; Latchford; WA42
£99512/241.17 mi-2
£99510/241.17 mi-2
£99512/241.17 mi-2
£99512/241.17 mi-2
£99512/241.17 mi-2
£99512/241.17 mi-2
£80010/241.2 miGreenings Court, WA2 7GH2
£80001/241.2 mi-2
£80001/241.2 mi-2
£80010/241.21 miFitzherbert Street, Warrington, Cheshire, WA22
£85011/241.23 mi-2
£80010/241.23 miAshfield Gardens, Warrington, Cheshire, WA42
£80010/241.24 miLeonard Street, Warrington2
£75011/241.24 mi-2
£79512/241.24 mi-2

Local Area Statistics

Population in WA1

21,579

Population in Warrington

215,344

Town centre distance

0.57 miles away

Nearest school

0.30 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £252,750

April 16, 2024

Sold for £166,000

2017

Sold for £116,000

2012

Floor Plans

Description

*REDUCED BY MOTIVATED SELLER / NO CHAIN / EXTENDED / WELL-PRESENTED THROUGHOUT / SOUGHT AFTER LOCATION IN PADDINGTON / TWO BEDROOMS / SEMI-DETACHED BUNGALOW / OFF-ROAD PARKING & GARAGE / CALL LLOYDS TO VIEW* Lloyds Estate Agents are delighted to offer FOR SALE this two bedroom semi-detached bungalow on a sought after road in Paddington.

With the benefit of no ongoing chain and being presented to a high standard throughout, any buyer can move straight in and enjoy.

An internal viewing of the property reveals; entrance hallway, two spacious bedrooms to the front, modern shower room, spacious lounge with views over the garden and an extended kitchen/diner providing French door access to the garden. Externally there is a large driveway to the front providing off-road parking, gated side access, and a low maintenance rear garden and garage.

Situated in a highly regarded and much sought after location with a variety of local amenities nearby, this really is an opportunity not to be missed!

Call Lloyds today to arrange your viewing!

Disclaimer- The agent has not tested any apparatus, fixtures and fittings or services and so cannot confirm that they are in working order and we suggest that a buyer obtains verification from their solicitor. References to the properties tenure is based on information that the agent has received from the vendor meaning we cannot give any guarantees and again recommend a buyer to obtain verification from their solicitor. The agent has not seen the title documents or any guarantees for the property being advertised so a buyer should obtain verification from their solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars; however these may be available for separate negotiation. The agent does not take responsibility for any alterations or extensions to the property, the buyer must obtain verification from their solicitor that all necessary building regulations and planning permissions are in place.

Money Laundering (D) - The successful purchaser will be required to produce adequate identification to prove their identity within the terms of the Money Laundering Regulations. Appropriate examples include: Passport/Photographic Driving Licence and a recent Utility Bill.

Misrepresentation Act (D) - Lloyds Estate Agents for themselves and for the vendors or lessors of this property whose agents they are give notice that:- 1. The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of an offer or contract. 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of Lloyds Estate Agents has the authority to make or give any representation or warranty whatever in relation to this property.

Council Tax Band: C
Tenure: Leasehold (930 years)
Ground Rent: £7.5 per year

Agent Details

LLOYDS ESTATE AGENTS, Warrington

01925 470175

Next Steps?

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