3 Bed Terraced House, Refurb/BRRR, Barnstaple, EX32 7AJ, £240,000

5 Kingsley Avenue, Barnstaple, Devon, EX32 7AJ - 1 views - 10 months ago

Refurb/BRRR
ROI: 3%
87 m²
+8 photos

ValuationOvervalued

Sold Prices£130K - £325K
Sold Prices/m²£1.2K/m² - £3.4K/m²

 

 

Square Metres

87 m²
Price/m²£2.8K/m²

Value Estimate

£196,084

 

 

End Value (After Refurb)

£215,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£15,500

Refurb Costs

£35,548

Bridging Loan Interest

£6,300

Total Cash In

£119,098

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£215,000

Mortgage (After Refinance)

£161,250

Mortgage LTV

75%

Cash Left In

£119,098

Equity

£53,750

Rent Range

£730 - £2,500

Rent Estimate

£1,295

Running Costs/mo

£951

Cashflow/mo

£344

Cashflow/yr

£4,130

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £130K to £325K, average is £210K. £1.2K/m² to £3.4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£260K03/230.03 mi3, Granville Avenue, Barnstaple, Devon EX32 7AH3
£202K05/210.03 mi14, Granville Avenue, Barnstaple, Devon EX32 7AH3
£190K01/210.04 mi4, Margrove Terrace, Barnstaple, Devon EX32 7AD3
£200K04/210.05 mi25, Carlyle Avenue, Barnstaple, Devon EX32 7AL3
£220K11/200.05 mi3, Carlyle Avenue, Barnstaple, Devon EX32 7AL3
£248K10/210.06 mi3, St Georges Terrace, Barnstaple, Devon EX32 7AP3
£230K06/210.07 mi12, Warwick Terrace, Barnstaple, Devon EX32 7AR3
£325K05/230.07 mi8, Haldene Terrace, Barnstaple, Devon EX32 7AQ3
£215K01/210.09 mi18, Yeo Vale Road, Barnstaple, Devon EX32 7AB3
£195K09/210.09 mi41, Carrington Terrace, Barnstaple, Devon EX32 7AF3
£241K07/230.09 mi44, Carrington Terrace, Barnstaple, Devon EX32 7AF3
£283K02/230.09 mi43, Carrington Terrace, Barnstaple, Devon EX32 7AF3
£170K01/210.11 mi5, Wimborne Terrace, Barnstaple, Devon EX32 7AN3
£180K03/210.12 mi31, Coronation Street, Barnstaple, Devon EX32 7AZ3
£215K06/210.12 mi14, Coronation Street, Barnstaple, Devon EX32 7AY3
£203K12/200.15 mi16, King Edward Street, Barnstaple, Devon EX32 7BE3
£200K07/210.15 mi22, King Edward Street, Barnstaple, Devon EX32 7BE3
£250K05/230.2 mi30, St Marys Road, Barnstaple, Devon EX32 7EY3
£281K10/220.2 mi35, Greenmeadow Drive, Barnstaple, Devon EX31 4HT3
£235K01/230.21 mi37, St Marys Road, Barnstaple, Devon EX32 7EY3
£182.5K05/210.21 mi16, Vicarage Lawn, Barnstaple, Devon EX32 7BW3
£136K12/200.23 mi10, Lower Gaydon Street, Barnstaple, Devon EX32 7DW3
£202K02/210.24 mi9, Richmond Street, Barnstaple, Devon EX32 7DP3
£180K07/210.24 mi15, Richmond Street, Barnstaple, Devon EX32 7DP3
£164.5K12/200.24 mi2, Richmond Street, Barnstaple, Devon EX32 7DP3
£187.5K08/210.24 mi16, Richmond Street, Barnstaple, Devon EX32 7DP3
£221K11/220.24 mi53, Bicton Street, Barnstaple, Devon EX32 7EA3
£180K02/210.26 mi9, Grosvenor Street, Barnstaple, Devon EX32 7DT3
£235K09/210.27 mi36a, Bicton Street, Barnstaple, Devon EX32 7EA3
£160K11/220.28 mi65, The Rock, Barnstaple, Devon EX31 1PN3
£210K08/210.3 mi27, Fair View, Barnstaple, Devon EX31 1JS3
£170K03/230.3 mi48, Fair View, Barnstaple, Devon EX31 1JS3
£210K07/210.3 mi27, Charles Dart Crescent, Barnstaple, Devon EX32 7EB3
£148K07/230.3 mi37, Sunflower Road, Barnstaple, Devon EX32 7DU3
£195K11/220.3 mi31, Sunflower Road, Barnstaple, Devon EX32 7DU3
£228K09/210.31 mi22, Rolle Street, Barnstaple, Devon EX31 1JN3
£195K03/210.31 mi5, Rolle Street, Barnstaple, Devon EX31 1JN3
£180K06/230.32 mi15, Belmont Road, Barnstaple, Devon EX32 7HF3
£217K03/230.32 mi8, Belmont Road, Barnstaple, Devon EX32 7HF3
£130K09/210.34 mi59, Charles Dart Crescent, Barnstaple, Devon EX32 7ED3
£150K01/210.34 mi20, Fair View, Barnstaple, Devon EX31 1JR3
£271.1K09/210.35 mi29, Nursery End, Barnstaple, Devon EX31 1RA3
£266K07/230.35 mi24, Nursery End, Barnstaple, Devon EX31 1RA3
£300K03/210.35 mi15, Ladywell, Barnstaple, Devon EX31 1QT3
£282K10/220.35 mi7, Priory Close, Barnstaple, Devon EX31 1QX3
£230K04/230.35 mi10, Priory Gardens, Barnstaple, Devon EX31 1PT3
£300K03/210.36 mi10, Westaway Close, Barnstaple, Devon EX31 1RU3
£265K03/210.36 mi27, Westaway Close, Barnstaple, Devon EX31 1RU3
£202.5K08/210.36 mi15, Bicton Street, Barnstaple, Devon EX32 7DY3
£290K01/230.37 mi28, Westaway Close, Barnstaple, Devon EX31 1RU3

Local Rents

12 rents from £730/mo to £2.5K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£95004/240.03 miGranville Avenue, Barnstaple, Devon, EX323
£2,50001/250.24 mi-3
£2,50002/250.24 mi-3
£1,50002/250.24 mi-3
£1,20009/240.26 mi-3
£78505/240.28 mi-3
£78505/240.28 mi-3
£73005/240.38 miBoutport Street, Barnstaple, Devon3
£1,00010/240.4 mi-3
£92503/240.58 miMartin Road, Barnstaple, Devon, EX323
£80011/240.95 mi-3
£1,35005/241.01 miWestfield Avenue, Barnstaple, Devon3

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Price changed to £240,000

March 4, 2025

Price changed to £245,000

December 19, 2024

Listed for £250,000

June 14, 2024

Floor Plans

Description

  • A SPACIOUS MID-TERRACE PROPERTY WITH GARAGE +
  • 3 Bedrooms +
  • Presented in good condition but could do with some modernisation throughout +
  • Scope for extension into the loft space or at the rear of the property, subject to pp +
  • Open-plan, dual aspect Lounge / Diner +
  • Fitted Kitchen, Conservatory & Shower Room +
  • First Floor Cloakroom +
  • Low-maintenance, sunny aspect rear patio garden +
  • Single Garage +
  • No onward chain +

No Onward Chain 3-Bedroom Terraced - Vacant Possession

Situated in the sought after location of Yeo Vale is this spacious 3 Bedroom mid-terrace property which is presented in good condition but could do with some modernisation throughout.

The property, which is offered for sale with no onward chain, offers scope for extension into the loft space or at the rear of the property, subject to the necessary planning consents and comprises an open-plan, dual aspect Lounge / Diner, a fitted Kitchen, a Conservatory and Shower Room on the Ground Floor with 2 good size double Bedrooms, a single Bedroom and a Cloakroom on the First Floor.

There is a low-maintenance, sunny aspect patio at the rear of the property and a Single Garage can be accessed via a vehicular lane.

Barnstaple Town Centre, the historic and regional centre of North Devon, is surrounded by beautiful countryside and some of the area’s best beaches. As the commercial centre of the region, the town centre offers a variety of banking, schooling and recreational facilities including a theatre, cinema, leisure centre, restaurants and the North Devon District Hospital. The vibrant town combines modern shopping amenities with a bustling market atmosphere.

The A361 North Devon Link Road provides convenient access to the M5 motorway network and beyond. Exmoor National Park and North Devon’s famous surfing beaches at Croyde, Putsborough, Saunton (also with Championship golf course) and Woolacombe are all within about half an hour by car. The nearest International airports are at Bristol and Exeter.

Directions
From our Office on Boutport Street proceed onto Bear Street. Turn left onto Bicton Street. Proceed through the roundabout. Turn right onto Derby Road. Turn left onto St George's Road. Turn left into Kingsley Avenue. The property will be found on your left hand side with a numberplate clearly displayed.

Agent Details

Bond Oxborough Phillips, Barnstaple

01271 371234

Next Steps?

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