3 Bed Bungalow, Planning Permission, Chertsey, KT16 8RP, £650,000

Laleham Reach, Chertsey, KT16 8RP - 5 views - a year ago

Cash
Planning
ROI: 1%
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£343K - £915K
Sold Prices/m²£3.7K/m² - £10.7K/m²

 

 

Square Metres

~93 m²
Price/m²£7K/m²

Value Estimate

£503,795

 

 

End Value (After Refurb)

£545,105

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£45,971

Bridging Loan Interest

£17,063

Total Cash In

£267,983

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£545,105

Mortgage (After Refinance)

£408,829

Mortgage LTV

75%

Cash Left In

£267,983

Equity

£136,276

Rent Range

£1,750 - £4,500

Rent Estimate

£2,412

Running Costs/mo

£2,206

Cashflow/mo

£206

Cashflow/yr

£2,474

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £343K to £915K, average is £479K. £3.7K/m² to £10.7K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£915K12/200.04 miThe Ryepeck, Laleham Reach, Chertsey, Surrey KT16 8RP3
£460K06/230.12 miThe Old Boathouse, Blacksmiths Lane, Staines-upon-thames, Surrey TW18 1UB3
£470K06/210.17 mi2a, Shepperton Road, Staines-upon-thames, Surrey TW18 1SD3
£760K06/210.25 miDial Cottage, Shepperton Road, Staines, Surrey TW18 1SE3
£810K10/220.26 mi21, Moorhayes Drive, Staines-upon-thames, Surrey TW18 1SL3
£850K05/240.33 mi115a, Staines Road, Staines-upon-thames, Surrey TW18 2SS3
£540K10/210.39 mi19, Cleveland Drive, Staines, Surrey TW18 2SW3
£655K01/230.39 mi19, Cleveland Drive, Staines-upon-thames, Surrey TW18 2SW3
£400K06/210.43 mi16, Grange Place, Staines-upon-thames, Surrey TW18 1RY3
£427K01/240.43 mi16, Grange Place, Staines-upon-thames, Surrey TW18 1RY3
£415K11/200.43 mi20, Grange Place, Staines, Surrey TW18 1RY3
£387K04/210.43 mi48, Northfield Road, Staines, Surrey TW18 2SR3
£900K07/210.43 mi3, Riverway, Staines-upon-thames, Surrey TW18 2SJ3
£650K09/210.45 mi163, Staines Road, Staines, Surrey TW18 2SQ3
£650K09/210.48 mi163, Staines Road, Staines, Surrey TW18 2SQ3
£488K09/210.48 mi158, Staines Road, Staines, Surrey TW18 2SF3
£524.5K09/230.48 mi156, Staines Road, Staines-upon-thames, Surrey TW18 2SF3
£512.5K11/200.69 mi117, Ashford Road, Staines-upon-thames, Surrey TW18 1RS3
£600K12/200.69 mi119, Ashford Road, Staines-upon-thames, Surrey TW18 1RS3
£538.4K01/210.69 mi272, Worple Road, Staines, Surrey TW18 1HB3
£601K03/230.71 mi204, Staines Road, Staines-upon-thames, Surrey TW18 2RT3
£455K02/230.79 mi61, Brightside Avenue, Staines-upon-thames, Surrey TW18 1NF3
£712K12/220.8 mi236, Worple Road, Staines-upon-thames, Surrey TW18 1HE3
£420K04/210.82 mi135, Brightside Avenue, Staines, Surrey TW18 1NH3
£430K06/210.83 mi22, Westbourne Road, Staines, Surrey TW18 1HF3
£343K12/220.83 mi121, Avondale Avenue, Staines-upon-thames, Surrey TW18 2NE3
£430K06/210.84 mi22, Westbourne Road, Staines, Surrey TW18 1HF3
£490K12/200.84 mi26, Westbourne Road, Staines, Surrey TW18 1HF3
£440K12/200.84 mi109, Brightside Avenue, Staines-upon-thames, Surrey TW18 1NH3
£465K01/210.85 mi39, Wheatsheaf Lane, Staines-upon-thames, Surrey TW18 2PG3
£425K03/210.85 mi86, Brightside Avenue, Staines, Surrey TW18 1NQ3
£380K03/210.85 mi29, Garrick Close, Staines, Surrey TW18 2PQ3
£398K04/210.85 mi19, Garrick Close, Staines, Surrey TW18 2PQ3
£420K09/220.85 mi28, Garrick Close, Staines-upon-thames, Surrey TW18 2PQ3
£840K05/210.85 miRutomi, Temple Gardens, Staines-upon-thames, Surrey TW18 3NQ3
£618K12/200.88 mi26, Wheatsheaf Lane, Staines-upon-thames, Surrey TW18 2PE3
£450K11/220.88 mi55, Garrick Close, Staines-upon-thames, Surrey TW18 2PH3
£367K03/210.88 mi13, Middle Green, Staines, Surrey TW18 1QZ3
£445K12/210.89 mi7, Redwood, Egham, Surrey TW20 8SU3
£695K06/210.9 mi38, Penton Avenue, Staines, Surrey TW18 2ND3
£441K01/230.91 mi3, Bingham Drive, Staines-upon-thames, Surrey TW18 1QX3
£575K05/230.92 mi122, Pavilion Gardens, Staines-upon-thames, Surrey TW18 1HW3
£390K12/200.92 mi55, Bingham Drive, Staines-upon-thames, Surrey TW18 1QX3
£380K11/200.92 mi30, Bingham Drive, Staines, Surrey TW18 1QT3
£540K02/210.92 mi77, Avondale Avenue, Staines, Surrey TW18 2NG3
£500K04/210.93 mi99, Grosvenor Road, Staines-upon-thames, Surrey TW18 2RP3
£435K03/210.95 mi58, Nursery Gardens, Staines, Surrey TW18 1ET3
£450K04/210.96 mi17, Pavilion Gardens, Staines-upon-thames, Surrey TW18 1LS3
£528K06/210.96 mi47, Pavilion Gardens, Staines-upon-thames, Surrey TW18 1LS3
£582K11/200.96 mi7, Grosvenor Road, Staines, Surrey TW18 2RN3

Local Rents

18 rents from £1.8K/mo to £4.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£3,50010/240.23 miFerry Lane, Staines, Surrey, TW183
£4,50001/250.51 mi-3
£2,80010/240.52 mi-3
£4,50010/240.7 miRiverside, Staines-Upon-Thames3
£1,85010/240.86 miBrightside Avenue, TW183
£1,85010/240.86 miBrightside Avenue, Staines-upon-Thames, Surrey, TW183
£2,20010/240.89 mi-3
£2,00010/240.9 mi-3
£2,25001/250.96 mi-3
£1,75010/240.99 miOberon Way, Shepperton3
£2,00010/241.08 mi-3
£1,80010/241.08 miShaftesbury Crescent, Staines-Upon-Thames3
£2,25003/251.12 mi-3
£2,30010/241.14 mi-3
£2,30010/241.2 miWorple Avenue, Staines-upon-Thames, Surrey, TW183
£2,75010/241.2 mi-3
£2,25004/241.2 mi3 bedroom house in Orchard View, Chertsey KT163
£2,00005/241.21 miWindsor Street, Chertsey3

Local Area Statistics

Population in KT16

18,462

Population in Chertsey

18,483

Town centre distance

1.63 miles away

Nearest school

0.30 miles away

Nearest train station

1.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £650,000

May 17, 2024

Floor Plans

Description

  • Development plot in private estate 100' mainstream mooring onto the river Thames Vehicle access and parking Located between Chertsey and Staines-upon-Thames Tranquil position overlooking (truncated) +
  • Cash purchasers only Viewing Strictly by appointment +

A rare opportunity to purchase a riverside development plot extending to approximately 0.241 acre (977.31 sq.m) with 100’ (30.48m) mainstream mooring with approximately 50’ (15.24m) former concrete landing stage onto this delightful stretch of the river Thames. The current timber framed bungalow measures 1290 sq.ft (119.85 sq.m) including the verandah with additional garden outbuildings. The property is situated in a tranquil position forming part of a private estate on the western bank of the river Thames overlooking Laleham Village and 2.3 miles of Chertsey and 3.2 miles of Staines-upon-Thames town centres. The property is connected to mains water, electricity and drainage and has vehicular access with ample provision for parking within the quoted plot. EPC: E

Agent Details

Curchods Estate Agents, Shepperton

01932 504225

Next Steps?

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