2 Bed Bungalow, Refurb/BRRR, Bideford, EX39 3AZ, £280,000

8 Laurel Avenue, Bideford, Devon, EX39 3AZ - 3 views - 10 months ago

Refurb/BRRR
~61 m²
+16 photos

ValuationOvervalued

Sold Prices£124K - £345K
Sold Prices/m²£1.5K/m² - £5.2K/m²

 

 

Square Metres

~61 m²
Price/m²£4.6K/m²

Value Estimate

£157,250

 

 

End Value (After Refurb)

£274,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£24,729

Bridging Loan Interest

£7,350

Total Cash In

£114,929

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£274,000

Mortgage (After Refinance)

£205,500

Mortgage LTV

75%

Cash Left In

£114,929

Equity

£68,500

Rent Range

£580 - £2,500

Rent Estimate

£734

Running Costs/mo

£1,023

Cashflow/mo

£-289

Cashflow/yr

£-3,469

Gross Yield

3%

Local Sold Prices

50 sold prices from £124K to £345K, average is £208.1K. £1.5K/m² to £5.2K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£220K07/210 mi57, Laurel Avenue, Bideford, Devon EX39 3AZ2
£166.5K03/210 mi29, Laurel Avenue, Bideford, Devon EX39 3AZ2
£215K11/210.05 mi78, Moreton Park Road, Bideford, Devon EX39 3BB2
£220K01/230.05 mi88, Moreton Park Road, Bideford, Devon EX39 3BB2
£177K02/210.17 mi24, Brennacott Road, Bideford, Devon EX39 3EZ2
£224K07/230.17 mi25, Brennacott Road, Bideford, Devon EX39 3EZ2
£225K02/230.24 mi5, Chestnut Drive, Bideford, Devon EX39 3HH2
£185K09/210.24 mi6, Chestnut Drive, Bideford, Devon EX39 3HH2
£150K07/230.24 mi42, Hawthorn Park, Bideford, Devon EX39 3DT2
£215K06/230.27 mi38, Pynes Lane, Bideford, Devon EX39 3ED2
£177.5K12/200.27 mi14, Beech Bank, Bideford, Devon EX39 3HG2
£205K09/210.28 mi1, High Park Close, Bideford, Devon EX39 3HJ2
£214K06/230.29 mi57, Buckland Close, Bideford, Devon EX39 5AG2
£239.9K03/210.3 mi13, Gate Field Road, Bideford, Devon EX39 3QX2
£185.5K07/230.3 mi7, Lombard Close, Bideford, Devon EX39 3HQ2
£205K07/230.3 mi9, High Park Close, Bideford, Devon EX39 3HJ2
£282.5K06/210.3 mi4, Dursley Way, Bideford, Devon EX39 3PZ2
£260K06/230.3 mi7, Dursley Way, Bideford, Devon EX39 3PZ2
£270.5K03/210.31 mi12a, Quarry Close, Bideford, Devon EX39 3RA2
£207.5K03/230.32 mi14, Clovelly Gardens North, Bideford, Devon EX39 3DL2
£215K11/210.33 mi20, Harlseywood, Bideford, Devon EX39 3FB2
£180K08/210.33 mi19, Harlseywood, Bideford, Devon EX39 3FB2
£300K02/230.33 mi10, Bridge Plats Way, Bideford, Devon EX39 3PY2
£230K03/210.34 mi18, Water Park Road, Bideford, Devon EX39 3RB2
£210K02/210.34 mi4, Short Close, Bideford, Devon EX39 3QL2
£248K03/230.34 mi12, Short Close, Bideford, Devon EX39 3QL2
£345K11/220.4 mi14, Stanbridge Park, Bideford, Devon EX39 3RS2
£187.5K07/230.4 mi88, Clovelly Road, Bideford, Devon EX39 3DG2
£238K12/200.43 mi22, Lane Field Road, Bideford, Devon EX39 3QY2
£290K07/230.47 mi1, Malvern Way, Bideford, Devon EX39 3RQ2
£165K05/230.49 mi116, Clovelly Road, Bideford, Devon EX39 3BY2
£277K11/210.52 mi11, Kenwith View, Bideford, Devon EX39 3RH2
£155K02/210.53 mi23, Geneva Place, Bideford, Devon EX39 3BS2
£190K12/220.53 mi18, Geneva Place, Bideford, Devon EX39 3BS2
£180K12/220.53 mi17, Coronation Road, Bideford, Devon EX39 3DA2
£159.9K12/200.54 mi11, Marland Terrace, Bideford, Devon EX39 3BZ2
£192K03/230.54 mi4, Marland Terrace, Bideford, Devon EX39 3BZ2
£160K02/230.55 miThe Old Barber Shop, 3, Clovelly Road, Bideford, Devon EX39 3BU2
£220K05/210.57 mi12, Milton Place, Bideford, Devon EX39 3BN2
£222K04/230.57 mi11, Milton Place, Bideford, Devon EX39 3BN2
£135K06/230.6 mi1, Trafalgar Place, Bideford, Devon EX39 3BJ2
£208.8K12/220.65 mi98, Meddon Street, Bideford, Devon EX39 2EW2
£148K11/200.65 mi98, Meddon Street, Bideford, Devon EX39 2EW2
£124K12/210.65 mi84, Meddon Street, Bideford, Devon EX39 2EW2
£210K07/230.67 mi65, Lime Grove, Bideford, Devon EX39 3JN2
£146.5K04/210.69 mi4, Model Terrace, Bideford, Devon EX39 2EP2
£195K05/210.7 mi56, Elm Grove, Bideford, Devon EX39 3JF2
£195K07/230.71 mi10, Victoria Grove, Bideford, Devon EX39 2DN2
£295K02/210.71 mi18, Middleton Road, Bideford, Devon EX39 3LU2
£165K09/210.72 mi51, Victoria Gardens, Bideford, Devon EX39 2BA2

Local Rents

32 rents from £580/mo to £2.5K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£85008/230.01 mi-2
£90003/250.01 mi-2
£69505/240.29 miHigh Park Close, Bideford, Devon2
£75004/240.51 miGeneva Place, Bideford2
£72503/240.6 mi2 bedroom Coach House, Rowe Close, Bideford2
£64003/240.68 miMeddon Street, Bideford, Devon2
£75004/240.69 miMarlen Court, Bideford, Devon2
£82504/240.73 miSams Close, Bideford, EX392
£2,50011/240.76 mi-2
£2,50002/250.76 mi-2
£72505/240.79 miSilver Street, Bideford, EX392
£69504/240.8 miPannier Mews, Bideford, Devon2
£69512/230.82 mi-2
£58004/240.83 miManchester House, Bideford, Devon2
£64004/240.85 miColdharbour, Bideford, Devon2
£75001/250.86 mi-2
£75012/240.86 mi-2
£62504/240.86 miColdharbour, Bideford2
£70010/230.87 mi-2
£72510/230.87 mi-2
£85001/250.88 mi-2
£87503/250.89 mi-2
£85005/240.91 mi-2
£85005/240.91 mi-2
£80004/240.91 miBrigade House, Bideford, EX392
£85004/240.91 miBrigade House, Bideford, EX392
£72510/240.92 mi-2
£89504/241.1 miClifton Street, Bideford2
£65010/231.23 mi-2
£75504/241.23 mi-2
£72509/241.23 mi-2
£71504/251.23 mi-2

Local Area Statistics

Population in EX39

37,175

Town centre distance

0.81 miles away

Nearest school

0.30 miles away

Nearest train station

8.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £280,000

June 11, 2024

Sold for £231,500

2021

Floor Plans

Description

  • Large Sunny Garden +
  • Beautiful Sitting Room with Log Burner +
  • Newly Fitted Kitchen +
  • Newly Fitted Bathroom +
  • Two Large Double Bedrooms +
  • Parking +
  • Garage +
  • Quiet Location +
  • Move Straight In +

Welcome to Number Eight Laurel Avenue, Bideford  This wonderful two double bedroom bungalow can be found on the quiet cul de sac of Laurel Avenue. This wonderful property has gone through a full renovation over the past three years which has resulted in this being a perfect bungalow.  With large sunny aspect garden, plenty of parking and a garage this is a definite must see. Viewings are strictly with the agent only.   Overview  As soon as you walk today Number Eight Laurel Avenue you are welcomed into a bright and light hall with newly fitted interior wooden doors with beautiful black handles. The property has been decorated beautifully with newly fitted flooring throughout. To the left of the hall are the two large double bedrooms.  The second bedroom overlooks the front of the property and is large enough for a large double bed as well as all of your bedroom furniture. The room is fitted with a large UPVC double glazed window which soaks the bedroom with natural light. The master bedroom overlooks the rear of the property and has wonderful views out onto the rear garden. The vendors have mentioned how they enjoy waking up to bird song as the garden is full of wildlife. The master bedroom is also fitted with large wardrobes along one of the walls.  Within the hall there is a storage cupboard which is perfect for hiding away the ironing board and hoover. The family shower room can be found to the rear of the hall. This newly fitted family shower room is a true delight. The wood effect luxury aqua panelling truly sets this bathroom apart. With Triton black rainfall shower head and full glass shower screen completes the walk in shower perfectly. Within the shower room there is also a W/C, hand wash basin with black mixer tap as well as heated towel rail and large privacy glazed window.  Following through the hall you enter the bright and welcoming sitting room. The sitting room is flooded with natural light through the large UPVC double glazed window. The sitting room itself is large enough for all of your family furniture and is a true delight. The newly fitted log burner with slate hearth and oak mantle really does make this a special space. The sitting room opens up effortlessly and welcomes you into number eight Laurel Avenues kitchen.  The newly fitted navy kitchen with brushed silver handles has been designed flawlessly. The kitchen has been fitted with a four ring gas hob, extractor fan over as well as an eye level Hotpoint oven. There is plenty of space within the kitchen for a dishwasher as well as a space for a large American fridge/freezer. The wood effect grey brushed work surfaces flows effortlessly around the kitchen and have even has an integrated breakfast bar to one side of the kitchen. This could easily be removed if you were looking to replace this with a small dining table and chairs. The kitchen has views over the wonderful rear garden and there is also a rear door leading you out to the garden.  Garage, Garden and Parking  If you are looking for a smaller property but not wanting to miss out on a larger garden then this is the one for you. The garden is vast and over three tiers. The tiers are not steep and the access is easy with a slight slope to one side for anyone who may struggle with steps. The mature garden is full of wonderful shrubs, flowers and mature trees which is truly a gardeners paradise. There is access into the store which can be found on the back of the garage. This handy space is fitted with light, power and water and currently holds the washing machine and tumble dryer. The garage also holds power and lighting with a manual door to the front.  To the front of the property there is plenty of parking and there is also an option to increase your parking if you were not wanting the front lawn.  Agent Notes  Freehold  Services: Mains gas, electric and water Boiler- 3 years old  Newly fitted kitchen and bathrooms. UPVC Double Glazing Throughout  The exterior door, interior doors and all flooring is also newly fitted. The property has also been re-wired throughout  Viewings are strictly with the agent only

Agent Details

Daisy Layland LTD, North Devon

01237 871189

Next Steps?

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