3 Bed House, Refurb/BRRR, Staines, TW18 3NH, £750,000

Riverside, Staines, Surrey, TW18 3NH - 1 views - a year ago

Under Offer
Refurb/BRRR
~155 m²
+7 photos

ValuationFair Value

Sold Prices£343K - £900K
Sold Prices/m²£3.9K/m² - £10.7K/m²

 

 

Square Metres

~155 m²
Price/m²£4.8K/m²

Value Estimate

£765,000

 

 

End Value (After Refurb)

£821,242

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£48,700

Refurb Costs

£82,000

Bridging Loan Interest

£19,688

Total Cash In

£339,638

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£821,242

Mortgage (After Refinance)

£615,932

Mortgage LTV

75%

Cash Released

£53,432

Cash Left In

£286,206

Equity

£205,311

Rent Range

£1,590 - £4,500

Rent Estimate

£2,433

Running Costs/mo

£3,073

Cashflow/mo

£-640

Cashflow/yr

£-7,680

Gross Yield

4%

Local Sold Prices

50 sold prices from £343K to £900K, average is £495K. £3.9K/m² to £10.7K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£343K12/220.15 mi121, Avondale Avenue, Staines-upon-thames, Surrey TW18 2NE3
£695K06/210.21 mi38, Penton Avenue, Staines, Surrey TW18 2ND3
£840K05/210.22 miRutomi, Temple Gardens, Staines-upon-thames, Surrey TW18 3NQ3
£450K11/220.24 mi55, Garrick Close, Staines-upon-thames, Surrey TW18 2PH3
£380K03/210.24 mi29, Garrick Close, Staines, Surrey TW18 2PQ3
£398K04/210.24 mi19, Garrick Close, Staines, Surrey TW18 2PQ3
£420K09/220.24 mi28, Garrick Close, Staines-upon-thames, Surrey TW18 2PQ3
£540K02/210.26 mi77, Avondale Avenue, Staines, Surrey TW18 2NG3
£618K12/200.26 mi26, Wheatsheaf Lane, Staines-upon-thames, Surrey TW18 2PE3
£465K01/210.28 mi39, Wheatsheaf Lane, Staines-upon-thames, Surrey TW18 2PG3
£595K12/200.33 mi84b, Thames Side, Staines, Surrey TW18 2HF3
£515K02/240.36 mi104, Penton Road, Staines-upon-thames, Surrey TW18 2LJ3
£420K09/210.39 mi23, St Olaves Close, Staines-upon-thames, Surrey TW18 2LH3
£423.5K02/210.39 mi27, St Olaves Close, Staines, Surrey TW18 2LH3
£490K06/210.39 mi8, Meadway, Staines-upon-thames, Surrey TW18 2PP3
£900K07/210.39 mi3, Riverway, Staines-upon-thames, Surrey TW18 2SJ3
£490K06/210.39 mi8, Meadway, Staines-upon-thames, Surrey TW18 2PP3
£601K03/230.4 mi204, Staines Road, Staines-upon-thames, Surrey TW18 2RT3
£475K12/200.42 mi144, Laleham Road, Staines, Surrey TW18 2NX3
£650K09/210.42 mi163, Staines Road, Staines, Surrey TW18 2SQ3
£650K09/210.42 mi163, Staines Road, Staines, Surrey TW18 2SQ3
£450K08/230.43 mi15, Clyve Way, Staines-upon-thames, Surrey TW18 3LB3
£425K07/210.43 mi3, Clyve Way, Staines, Surrey TW18 3LB3
£540K10/210.44 mi19, Cleveland Drive, Staines, Surrey TW18 2SW3
£655K01/230.44 mi19, Cleveland Drive, Staines-upon-thames, Surrey TW18 2SW3
£538.4K01/210.44 mi272, Worple Road, Staines, Surrey TW18 1HB3
£488K09/210.46 mi158, Staines Road, Staines, Surrey TW18 2SF3
£524.5K09/230.46 mi156, Staines Road, Staines-upon-thames, Surrey TW18 2SF3
£650K12/230.47 mi8, Carlyle Road, Staines-upon-thames, Surrey TW18 2PU3
£685K10/230.47 mi6, Carlyle Road, Staines-upon-thames, Surrey TW18 2PU3
£740K02/230.47 mi65, Penton Road, Staines-upon-thames, Surrey TW18 2LB3
£582K11/200.47 mi7, Grosvenor Road, Staines, Surrey TW18 2RN3
£430K06/210.48 mi22, Westbourne Road, Staines, Surrey TW18 1HF3
£705K06/210.48 mi17, Grosvenor Road, Staines, Surrey TW18 2RN3
£445K12/210.49 mi7, Redwood, Egham, Surrey TW20 8SU3
£430K06/210.5 mi22, Westbourne Road, Staines, Surrey TW18 1HF3
£500K04/210.5 mi99, Grosvenor Road, Staines-upon-thames, Surrey TW18 2RP3
£580K10/230.5 miCrofters, Green Lane, Staines-upon-thames, Surrey TW18 3LX3
£490K12/200.5 mi26, Westbourne Road, Staines, Surrey TW18 1HF3
£850K05/240.51 mi115a, Staines Road, Staines-upon-thames, Surrey TW18 2SS3
£712K12/220.51 mi236, Worple Road, Staines-upon-thames, Surrey TW18 1HE3
£515K05/210.52 mi19, Ruskin Road, Staines, Surrey TW18 2PX3
£387K04/210.54 mi48, Northfield Road, Staines, Surrey TW18 2SR3
£435K03/210.57 mi58, Nursery Gardens, Staines, Surrey TW18 1ET3
£425K05/210.57 mi50, Parkside Place, Staines, Surrey TW18 2QZ3
£490K12/200.58 mi66, Commercial Road, Staines-upon-thames, Surrey TW18 2QL3
£402.5K06/210.59 mi60, Nursery Gardens, Staines-upon-thames, Surrey TW18 1ET3
£382K11/200.59 mi62, Nursery Gardens, Staines-upon-thames, Surrey TW18 1ET3
£390K11/200.59 mi40, Nursery Gardens, Staines-upon-thames, Surrey TW18 1ET3
£510K05/230.59 mi38, Nursery Gardens, Staines-upon-thames, Surrey TW18 1ET3

Local Rents

24 rents from £1.6K/mo to £4.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£4,50010/240 miRiverside, Staines-Upon-Thames3
£4,50001/250.19 mi-3
£2,00010/240.25 mi-3
£2,25001/250.31 mi-3
£2,00010/240.46 mi-3
£2,57510/240.76 miPark Avenue, Staines-Upon-Thames, Middlesex, TW183
£2,25003/250.76 mi-3
£1,85010/240.78 miBrightside Avenue, TW183
£1,85010/240.79 miBrightside Avenue, Staines-upon-Thames, Surrey, TW183
£2,20010/240.79 mi-3
£2,30010/240.88 miWorple Avenue, Staines-upon-Thames, Surrey, TW183
£2,75010/240.88 mi-3
£2,80010/240.91 mi-3
£3,50010/240.93 miFerry Lane, Staines, Surrey, TW183
£2,40010/240.95 mi-3
£2,20011/240.95 mi-3
£2,35003/251.03 mi-3
£2,30002/241.07 mi-3
£1,59010/241.08 miKenilworth Gardens, Staines-Upon-Thames, Surrey, TW183
£2,20004/251.08 mi-3
£2,30010/241.09 mi-3
£1,80010/241.14 miShaftesbury Crescent, Staines-Upon-Thames3
£2,50002/251.15 mi-3
£2,25010/241.21 miEgham3

Local Area Statistics

Population in TW18

25,458

Population in Staines

41,638

Town centre distance

0.94 miles away

Nearest school

0.70 miles away

Nearest train station

1.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £750,000

May 31, 2024

Floor Plans

Description

  • Riverside Property +
  • 3 Bedrooms +
  • 2 Bathrooms +
  • Conservatory +
  • Located on a Private Road +
  • 75ft Mooring +
  • Double Length Garage +
  • Summer house and Garden shed +

We are pleased to offer to the market this opportunity to purchase a Riverside home covering 1666 sqft, with the potential for modernisation, refurbishment or a new build project, subject to the usual consents. The present accommodation has a good sized lounge, kitchen breakfast room and River reception room, together with 3 bedrooms, 2 bathrooms, one as an ensuite and a conservatory. 

The property is centrally positioned on a large secluded plot accessed from the private road and leading down to the River Thames and 75 ft private mooring. There is ample off street parking for numerous vehicles, together with a double length garage, summer house and garden shed. 

The property is found forming part of a popular private road, with access to woodland walks open to the residents of the road. Situated on the Surrey bank side, being mid-way between the towns of Chertsey and Staines, both of which have an array of shopping facilities from the Two Rivers Shopping Centre in Staines to the antique shops of Chertsey. Staines Station connects into London Waterloo with journey time approx. 35 minutes and the motorway network is available via the M25 at J13. 

There is an excellent choice in schooling at both primary and secondary levels, in the state and private sectors including the renowned ACS International School. Sporting venues abound with many water-based activities along the river and various local reservoirs including rowing, water skiing and fishing by licence.

Agent Details

Absolute Homes, Staines

01784 918970

Next Steps?

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