3 Bed Semi-Detached House, Refurb/BRRR, Egham, TW20 8HW, £375,000

16 Park Avenue, Egham, TW20 8HW - 3 views - 10 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~89 m²
+7 photos

ValuationFair Value

Sold Prices£334K - £580K
Sold Prices/m²£3.5K/m² - £7.3K/m²

 

 

Square Metres

~89.27 m²
Price/m²£4.2K/m²

Value Estimate

£382,500

 

 

End Value (After Refurb)

£436,206

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£44,155

Bridging Loan Interest

£9,844

Total Cash In

£168,199

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£436,206

Mortgage (After Refinance)

£327,154

Mortgage LTV

75%

Cash Released

£45,904

Cash Left In

£122,295

Equity

£109,051

Rent Range

£1,995 - £4,350

Rent Estimate

£2,471

Running Costs/mo

£1,877

Cashflow/mo

£594

Cashflow/yr

£7,124

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £334K to £580K, average is £448.5K. £3.5K/m² to £7.3K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£460K03/230.01 mi24, Park Avenue, Egham, Surrey TW20 8HW3
£520K01/230.02 mi73a, Park Avenue, Egham, Surrey TW20 8HL3
£435K10/230.02 mi85, Park Avenue, Egham, Surrey TW20 8HL3
£525K01/210.04 mi83, Park Avenue, Egham, Surrey TW20 8HL3
£460K08/230.05 mi50, South Avenue, Egham, Surrey TW20 8HQ3
£365K05/210.06 mi23, South Avenue, Egham, Surrey TW20 8HG3
£492.5K07/230.09 mi64, Ayebridges Avenue, Egham, Surrey TW20 8HT3
£433K02/230.11 mi71, Ayebridges Avenue, Egham, Surrey TW20 8HT3
£450K11/210.11 mi30, Park Avenue, Egham, Surrey TW20 8HJ3
£415K06/210.12 mi52a, Park Avenue, Egham, Surrey TW20 8HN3
£523K06/230.14 mi50, Ayebridges Avenue, Egham, Surrey TW20 8HS3
£428K03/210.14 miSelwyn, Medlake Road, Egham, Surrey TW20 8HU3
£490K11/220.15 mi69, Wavendene Avenue, Egham, Surrey TW20 8JZ3
£475K05/210.16 mi10, Oak Avenue, Egham, Surrey TW20 8HH3
£447K01/210.16 mi8, Oak Avenue, Egham, Surrey TW20 8HH3
£420K10/230.17 mi7, Harcourt Close, Egham, Surrey TW20 8BJ3
£334K06/210.17 mi12, Harcourt Close, Egham, Surrey TW20 8BJ3
£390K03/210.17 mi1, Harcourt Close, Egham, Surrey TW20 8BJ3
£387.5K11/210.17 mi27, Langton Way, Egham, Surrey TW20 8DS3
£415K12/200.19 mi29, Huntingfield Way, Egham, Surrey TW20 8DU3
£430K12/220.19 mi15, Harcourt Close, Egham, Surrey TW20 8BJ3
£407.5K12/220.19 mi20, Harcourt Close, Egham, Surrey TW20 8BJ3
£470K10/230.19 mi78, Wavendene Avenue, Egham, Surrey TW20 8JY3
£430K06/210.19 mi50, Wavendene Avenue, Egham, Surrey TW20 8JY3
£437K03/210.19 mi36, Wavendene Avenue, Egham, Surrey TW20 8JY3
£430K03/230.21 mi49, Langton Way, Egham, Surrey TW20 8DZ3
£465K12/230.22 mi18, Ashleigh Avenue, Egham, Surrey TW20 8LA3
£475K04/240.22 mi58, Ashleigh Avenue, Egham, Surrey TW20 8LA3
£475K08/230.23 mi49, Wavendene Avenue, Egham, Surrey TW20 8JX3
£452.5K02/240.23 mi29, Wavendene Avenue, Egham, Surrey TW20 8JX3
£465K05/210.23 mi45, Wavendene Avenue, Egham, Surrey TW20 8JX3
£470K11/230.23 mi40, Barons Way, Egham, Surrey TW20 8EA3
£535K12/220.25 mi31, Barons Way, Egham, Surrey TW20 8EA3
£360K03/210.25 mi58, Huntingfield Way, Egham, Surrey TW20 8DT3
£540K09/220.26 mi120, Thorpe Lea Road, Egham, Surrey TW20 8BL3
£550K11/230.27 mi125, Warwick Avenue, Egham, Surrey TW20 8LR3
£482K01/230.27 mi7, Huntingfield Way, Egham, Surrey TW20 8DY3
£580K03/230.29 mi59, Glebe Road, Egham, Surrey TW20 8BU3
£430K10/230.29 mi6, Clandon Avenue, Egham, Surrey TW20 8LP3
£475K02/210.29 mi10, Clandon Avenue, Egham, Surrey TW20 8LP3
£415K02/210.29 mi119, Thorpe Lea Road, Egham, Surrey TW20 8HB3
£381K11/210.29 mi116, Warwick Avenue, Egham, Surrey TW20 8LS3
£459K11/230.29 mi124, Warwick Avenue, Egham, Surrey TW20 8LS3
£398K01/230.29 mi104, Warwick Avenue, Egham, Surrey TW20 8LS3
£392K10/200.3 mi24, Clandon Avenue, Egham, Surrey TW20 8LP3
£450K09/230.3 mi20, Glebe Road, Egham, Surrey TW20 8BT3
£445K06/210.3 mi32, Glebe Road, Egham, Surrey TW20 8BT3
£420K03/210.3 mi18, Glebe Road, Egham, Surrey TW20 8BT3
£370K05/210.31 mi14, Lacey Close, Egham, Surrey TW20 8DX3
£510K02/230.32 mi135, Pooley Green Road, Egham, Surrey TW20 8AW3

Local Rents

14 rents from £2K/mo to £4.3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,25010/240.02 miEgham3
£2,12010/240.25 mi-3
£2,10003/250.25 mi-3
£2,30002/240.28 mi-3
£2,20004/250.29 mi-3
£4,35010/240.32 mi-3
£4,35010/240.32 mi-3
£4,35001/250.32 mi-3
£3,65004/250.32 mi-3
£2,30010/240.39 mi-3
£2,30010/240.39 miRoundway, Egham, TW203
£1,99510/240.41 miSurrey, TW203
£2,30002/250.46 mi-3
£2,50002/250.57 mi-3

Local Area Statistics

Population in TW20

24,536

Population in Egham

24,931

Town centre distance

0.84 miles away

Nearest school

0.30 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-32%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £375,000

June 24, 2024

Floor Plans

Description

  • THREE BEDROOMS +
  • SLIGHT MODERNISATION REQUIRED +
  • SIDE ACCESS +
  • REAR GARDEN +
  • THROUGH LOUNGE +
  • DOWNSTAIRS BATHROOM +
  • POTENTIAL TO EXTEND SUBJECT TO CONSENT +
  • GOOD SCHOOLS LOCALLY +
  • TOWN CENTRE CLOSE BY +
  • GOOD PUBLIC TRANSPORT LINKS +

Alpha Residential are pleased to present to the market this three-bedroom Semi-Detached house situated within a popular residential road in Egham.

The property offers a spacious through lounge leading onto a galley style kitchen, with access to a ground floor bathroom and a side conservatory. There are TWO double bedrooms on the first floor with a third bedroom sitting off of the back bedroom which could be converted to an en-suite bathroom or nursery. The property has a good sized mature garden. There is also the potential to extend at ground floor level subject to consent.

The property is currently having a new roof installed.

Locally, there are plenty of shops within walking distance, good schools close by as well as both Egham & Staines town centres being a short distance away. Contact us now to book your viewing slot.

Agent Details

Alpha Residential, Egham

01784 918808

Next Steps?

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