3 Bed Bungalow, Refurb/BRRR, Staines, TW18 3JN, £699,950

22 Riverside Drive, Staines-Upon-Thames, Surrey TW18 3JN - 5 views - a year ago

Sold STC
Refurb/BRRR
117 m²
+12 photos

ValuationOvervalued

Sold Prices£320K - £720K
Sold Prices/m²£3.8K/m² - £8.1K/m²

 

 

Square Metres

117 m²
Price/m²£6K/m²

Value Estimate

£567,801

 

 

End Value (After Refurb)

£641,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£174,988

Stamp Duty & Legal Fees

£44,696

Refurb Costs

£61,897

Bridging Loan Interest

£18,374

Total Cash In

£301,704

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£641,250

Mortgage (After Refinance)

£480,938

Mortgage LTV

75%

Cash Left In

£301,704

Equity

£160,313

Rent Range

£800 - £3,000

Rent Estimate

£2,630

Running Costs/mo

£2,550

Cashflow/mo

£80

Cashflow/yr

£961

ROI

0%

Gross Yield

5%

Local Sold Prices

51 sold prices from £320K to £720K, average is £465K. £3.8K/m² to £8.1K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£590K11/200.01 mi16, Riverside Drive, Staines, Surrey TW18 3JN3
£520K03/210.01 mi18, Riverside Drive, Staines-upon-thames, Surrey TW18 3JN3
£450K01/210.13 mi8, Chertsey Lane, Staines-upon-thames, Surrey TW18 3JU3
£427K12/220.18 mi11, Bowes Road, Staines-upon-thames, Surrey TW18 3EU3
£480K01/230.2 mi50, Bowes Road, Staines-upon-thames, Surrey TW18 3ET3
£395K09/210.2 mi22, Bowes Road, Staines-upon-thames, Surrey TW18 3ET3
£352K12/200.21 mi50, Bowes Road, Staines, Surrey TW18 3ET3
£465K06/210.21 mi8, Prospect Place, Staines, Surrey TW18 2DU3
£440K10/200.23 mi1, Eton Court, Staines, Surrey TW18 2AF3
£460K07/230.23 mi13, Eton Court, Staines-upon-thames, Surrey TW18 2AF3
£680K10/220.23 mi27, Goring Road, Staines-upon-thames, Surrey TW18 3EH3
£342K04/210.24 mi27, Goring Road, Staines, Surrey TW18 3EH3
£510K06/230.25 mi47, Chertsey Lane, Staines-upon-thames, Surrey TW18 3LA3
£320K02/230.26 mi78b, Gresham Road, Staines-upon-thames, Surrey TW18 2AE3
£380K12/220.29 mi7, Hythe Road, Staines-upon-thames, Surrey TW18 3ED3
£422.5K11/200.29 mi15, Meadow Gardens, Staines-upon-thames, Surrey TW18 3HE3
£485K05/230.29 mi3, Meadow Gardens, Staines-upon-thames, Surrey TW18 3HE3
£540K02/230.3 mi7, Beehive Road, Staines-upon-thames, Surrey TW18 2AH3
£507K08/210.32 mi26, St Pauls Road, Staines-upon-thames, Surrey TW18 3HH3
£395K06/210.34 mi13, Railway Terrace, Staines-upon-thames, Surrey TW18 3EG3
£560K06/230.34 mi9, Island Close, Staines-upon-thames, Surrey TW18 4YZ3
£390K06/210.34 mi28, Edgell Road, Staines, Surrey TW18 2ES3
£430K05/210.35 mi103, Church Street, Staines-upon-thames, Surrey TW18 4XS3
£467.6K04/210.35 mi91, Church Street, Staines, Surrey TW18 4XS3
£503K12/200.36 mi45, Claremont Road, Staines, Surrey TW18 3AS3
£485K06/210.36 mi7b, Riverfield Road, Staines-upon-thames, Surrey TW18 2EE3
£335K11/200.38 mi16, George Street, Staines-upon-thames, Surrey TW18 4LB3
£370K06/230.38 mi14, George Street, Staines-upon-thames, Surrey TW18 4LB3
£445K10/230.4 mi46, Langley Road, Staines-upon-thames, Surrey TW18 2EH3
£445K10/230.4 mi46, Langley Road, Staines-upon-thames, Surrey TW18 2EH3
£540K12/230.4 mi10, Murdoch Close, Staines-upon-thames, Surrey TW18 2DJ3
£475K04/240.4 mi2, Murdoch Close, Staines-upon-thames, Surrey TW18 2DJ3
£485.3K12/230.41 mi172, Wendover Road, Staines-upon-thames, Surrey TW18 3DF3
£460K11/220.42 mi8, Kingfisher Drive, Staines-upon-thames, Surrey TW18 4RR3
£720K12/200.42 mi153, Church Street, Staines-upon-thames, Surrey TW18 4XZ3
£465K12/220.43 mi179, Wendover Road, Staines-upon-thames, Surrey TW18 3DF3
£370K12/220.43 mi183, Wendover Road, Staines-upon-thames, Surrey TW18 3DF3
£420K03/230.43 mi195, Wendover Road, Staines-upon-thames, Surrey TW18 3DF3
£411K05/210.43 mi189, Wendover Road, Staines-upon-thames, Surrey TW18 3DF3
£530K10/200.44 mi20, Wendover Road, Staines, Surrey TW18 3DE3
£405K01/240.44 mi42, Wendover Road, Staines-upon-thames, Surrey TW18 3DE3
£530K03/210.45 mi17, Lammas Close, Staines, Surrey TW18 4XT3
£645K09/220.45 mi1, Lammas Close, Staines-upon-thames, Surrey TW18 4XT3
£415K06/230.45 mi147, Waters Drive, Staines-upon-thames, Surrey TW18 4RP3
£415K11/230.46 mi18, The Causeway, Staines-upon-thames, Surrey TW18 3AQ3
£505K03/210.46 mi30, Wraysbury Gardens, Staines, Surrey TW18 4US3
£500K06/210.46 mi51, Wraysbury Gardens, Staines, Surrey TW18 4US3
£518K06/230.46 mi50, Wraysbury Gardens, Staines-upon-thames, Surrey TW18 4US3
£425K11/200.46 mi71, Hythe Field Avenue, Egham, Surrey TW20 8DD3
£494K12/200.46 mi57, Hythe Field Avenue, Egham, Surrey TW20 8DD3
£550K09/230.46 mi17, Hythefield Avenue, Egham, Surrey TW20 8DD3

Local Rents

11 rents from £800/mo to £3K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,35004/250.2 mi-3
£2,50002/250.32 mi-3
£2,20004/250.38 mi-3
£3,00010/240.42 miFairfield Avenue, Staines, Surrey, TW183
£3,00010/240.42 miKooky Staines, Fairfield Avenue, Staines, TW183
£2,57510/240.45 miPark Avenue, Staines-Upon-Thames, Middlesex, TW183
£80004/250.48 mi-3
£1,70010/240.49 miWaters Drive, Staines-Upon-Thames, Middlesex, TW183
£1,69511/240.49 mi-3
£2,20010/240.52 mi-3
£2,10003/250.53 mi-3

Local Area Statistics

Population in TW18

25,458

Population in Staines

41,638

Town centre distance

0.34 miles away

Nearest school

0.40 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £699,950

May 29, 2024

Sold for £600,000

2019

Floor Plans

Description

  • Detached Bungalow +
  • Three Bedrooms +
  • Wrap Around Gardens +
  • Requires light Modernisation +
  • Off-street Parking +
  • Viewings Recommended +
  • Close to River Thames +

Nestled at the end of a private cul-de-sac, this charming three-bedroom detached bungalow on a generous corner plot has plenty to offer. The property features a bright reception room, sizable kitchen, large conservatory overlooking the fantastic wrap around garden, two large double bedrooms with garden access, a spacious single bedroom and family bathroom. While it requires light modernisation, the bungalow holds immense potential for customisation and future extensions, subject to the usual planning consents.

Nestled at the end of a private cul-de-sac, this charming three-bedroom detached bungalow on a generous corner plot has plenty to offer. The property features a bright reception room, sizable kitchen, large conservatory overlooking the fantastic wrap around garden, two large double bedrooms with garden access, a spacious single bedroom and family bathroom. While it requires light modernisation, the bungalow holds immense potential for customisation and future extensions, subject to the usual planning consents. The expansive garden is perfect for outdoor activities and further development. With its prime location and substantial plot, this detached bungalow is a rare find with significant potential for transformation. Further benefits include off-street parking for several vehicles and potential for fantastic riverside views. Viewings are highly recommended and strictly via appointment . EPC Rating D.
Runnymede Borough Council, Council Tax Band F being £3,282.67 for 2024/25.

Agent Details

The Frost Partnership, Staines

01784 771404

Next Steps?

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