3 Bed Semi-Detached House, Refurb/BRRR, Woking, GU22 0EX, £550,000

Wych Hill, Woking, Surrey, GU22 0EX - 7 months ago

Refurb/BRRR
~111 m²
+6 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£54,337

Bridging Loan Interest

£14,438

Total Cash In

£240,724

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£583,433

Mortgage (After Refinance)

£437,574

Mortgage LTV

75%

Cash Released

£25,074

Cash Left In

£215,650

Equity

£145,858

Rent Range

£1,500 - £4,000

Rent Estimate

£2,110

Running Costs/mo

£2,265

Cashflow/mo

£-155

Cashflow/yr

£-1,863

Gross Yield

5%













Local Rents

34 rents from £1.5K/mo to £4K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,90012/240.12 mi-3
£2,10004/240.16 miWoking3
£2,75002/240.24 mi-3
£2,45004/240.24 mi-3
£2,75004/240.24 mi-3
£4,00004/240.24 mi-3
£2,20012/240.24 mi-3
£2,00012/240.24 mi-3
£2,65012/240.24 mi-3
£1,75004/240.27 miWoking, Surrey, GU223
£2,10001/250.29 mi-3
£1,85004/240.33 miHanover court3
£1,85004/240.34 miWoking3
£2,10012/240.35 miMidhope Gardens, Woking, GU223
£1,50004/240.36 miHook Heath3
£1,80010/240.36 mi-3
£2,10004/240.38 miBarnsbury, Woking3
£1,85004/240.39 miWoking3
£1,75004/240.39 miBadgers Close, Woking, Surrey, GU213
£2,00012/240.4 mi-3
£2,00004/240.4 miYork Road, Woking, GU223
£2,00004/240.41 miWoking, Surrey, GU223
£1,80004/240.42 miWoking3
£2,15004/240.45 miLaburnum Road, Woking, Surrey, GU223
£2,15004/240.45 miLaburnum Road, Woking, Surrey, GU223
£1,95012/230.46 mi-3
£2,00003/240.48 mi-3
£1,80004/240.48 miWoking, Surrey3
£1,85012/230.49 mi-3
£1,75004/240.5 miWoking3
£1,90004/240.53 miEverlands Close, Woking, GU223
£2,75004/240.56 miBlackness Lane, Woking, GU223
£2,50004/240.6 miSycamore Avenue, Woking, Surrey, GU223
£1,70004/240.62 miSt. Johns Road, Woking3

Local Area Statistics

Population in GU22

33,068

Population in Woking

107,738

Town centre distance

0.37 miles away

Nearest school

0.40 miles away

Nearest train station

0.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+69%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £550,000

June 11, 2024

Floor Plans

Description

Positioned in a sought-after location, this semi-detached house boasts three well-appointed bedrooms, making it the perfect family home. The property features a good size rear garden, along with convenient off-street parking and a garage for added convenience. Modernisation is required internally with accommodation offering a spacious living area and good size kitchen.
Located in a peaceful residential area, this property is located close to local amenities and transport links. Don't miss out on the opportunity to make this lovely house your new home. Contact us today to arrange a viewing.
Woking has a thriving town centre offering extensive shopping, dining and leisure facilities including The New Victoria Theatre & Cinema, and the Lightbox Gallery. For golfers there is a choice of clubs including, Woking Golf Club (one of the oldest in the U.K. founded in 1893), Westhill, Hoebridge, Worplesdon, Chobham and Foxhills (including spa and hotel). Both the Basingstoke Canal and the River Wey are close by for walking, cycling and fishing (permit required), whilst nearby Chobham Common is a National Nature Reserve.
The area is well served by both state and private schools including: Goldsworth Primary, Hoe Bridge, St Andrews, Greenfield, Halstead, Woking High School, St Dunstan’s, Hoe Valley and St John the Baptist School.

Agent Details

Seymours Estate Agents, Woking

01483 967171

Next Steps?

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