2 Bed Bungalow, Refurb/BRRR, Sidmouth, EX10 9LH, £400,000

61 Primley Road, Sidmouth, EX10 9LH - 3 views - 10 months ago

Under Offer
Refurb/BRRR
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£165K - £650K
Sold Prices/m²£2.9K/m² - £6.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£273,020

 

 

End Value (After Refurb)

£277,006

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£27,830

Bridging Loan Interest

£10,500

Total Cash In

£160,780

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£277,006

Mortgage (After Refinance)

£207,755

Mortgage LTV

75%

Cash Left In

£160,780

Equity

£69,252

Rent Range

£725 - £1,650

Rent Estimate

£1,037

Running Costs/mo

£1,093

Cashflow/mo

£-56

Cashflow/yr

£-673

Gross Yield

3%

Local Sold Prices

50 sold prices from £165K to £650K, average is £376K. £2.9K/m² to £6.3K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£530K10/220.01 mi62, Primley Road, Sidmouth, Devon EX10 9LH2
£485K03/210.15 mi10, Coulsdon Road, Sidmouth, Devon EX10 9JJ2
£482.5K09/220.15 mi25, Coulsdon Road, Sidmouth, Devon EX10 9JJ2
£450K12/200.17 mi5, Malden Close, Sidmouth, Devon EX10 9LT2
£310K08/230.18 miSt Martins Cottage, Sidford Road, Sidmouth, Devon EX10 9JG2
£382K11/200.18 mi38, Malden Road, Sidmouth, Devon EX10 9LS2
£345K02/210.2 mi3, St Martins Close, Sidmouth, Devon EX10 9JQ2
£480K11/220.24 mi30, Manstone Mead, Sidmouth, Devon EX10 9RX2
£540K06/230.27 mi10, Byeside Road, Sidmouth, Devon EX10 9NB2
£475K08/210.27 mi19, Byeside Road, Sidmouth, Devon EX10 9NB2
£650K01/210.28 mi38, Livonia Road, Sidmouth, Devon EX10 9JB2
£320K02/210.3 mi4, Newlands Close, Sidmouth, Devon EX10 9NW2
£365K12/200.31 mi8, Summerfield, Sidmouth, Devon EX10 9RY2
£215K02/210.31 mi17, Manstone Avenue, Sidmouth, Devon EX10 9TF2
£202K05/210.31 mi49, Manstone Avenue, Sidmouth, Devon EX10 9TF2
£199.9K01/210.35 mi157, Manstone Avenue, Sidmouth, Devon EX10 9TJ2
£199.9K01/210.35 mi157, Manstone Avenue, Sidmouth, Devon EX10 9TJ2
£305.1K09/220.35 mi23, Jubilee Gardens, Sidmouth, Devon EX10 9PX2
£525K10/220.38 mi1, Woolbrook Close, Sidmouth, Devon EX10 9UX2
£220K03/210.39 mi79, Manstone Avenue, Sidmouth, Devon EX10 9TG2
£370K12/200.39 mi39, Summerfield, Sidmouth, Devon EX10 9RY2
£246.5K11/220.41 mi56, Arcot Park, Sidmouth, Devon EX10 9HT2
£282K03/210.41 mi39, Fleming Avenue, Sidmouth, Devon EX10 9NH2
£320K01/210.42 mi18, Ashley Crescent, Sidmouth, Devon EX10 9UF2
£475K03/210.43 mi3, Bramble Close, Sidmouth, Devon EX10 9XY2
£321.2K05/230.45 mi23, Sid Park Road, Sidmouth, Devon EX10 9BW2
£280K12/200.46 mi11, Sid Park Road, Sidmouth, Devon EX10 9BW2
£552.5K12/220.46 mi8, Brookside, Sidmouth, Devon EX10 9UN2
£400K05/210.47 mi9a, Brookside, Sidmouth, Devon EX10 9UN2
£537K06/230.47 mi10, Brookside, Sidmouth, Devon EX10 9UN2
£346.5K03/230.47 mi70, Woolbrook Road, Sidmouth, Devon EX10 9XB2
£175K03/210.48 mi139, Temple Street, Sidmouth, Devon EX10 9BN2
£400K04/210.49 mi6, Stevens Lane, Sidmouth, Devon EX10 9UL2
£420K02/230.5 mi14, Brookside, Sidmouth, Devon EX10 9UN2
£550K07/210.52 mi2, Corefields, Sidford, Sidmouth, Devon EX10 9SG2
£476K05/210.52 mi8, Corefields, Sidford, Sidmouth, Devon EX10 9SG2
£445K02/210.53 mi4, Balfours, Sidmouth, Devon EX10 9EF2
£462.5K06/210.53 mi2, Balfours, Sidmouth, Devon EX10 9EF2
£282K03/230.53 mi134, Temple Street, Sidmouth, Devon EX10 9BN2
£455K06/210.54 mi2, Woolbrook Rise, Sidmouth, Devon EX10 9UB2
£620K10/220.54 mi3, Woolbrook Rise, Sidmouth, Devon EX10 9UB2
£525K07/230.54 mi15, Woolbrook Rise, Sidmouth, Devon EX10 9UB2
£255K07/230.54 mi123, Temple Street, Sidmouth, Devon EX10 9BH2
£270K02/230.55 mi13, Salters Meadow, Sidmouth, Devon EX10 9BL2
£390K12/220.55 mi11a, Ascerton Close, Sidmouth, Devon EX10 9BS2
£250K05/210.56 miPeace Haven, Church Street, Sidford, Sidmouth, Devon EX10 9RN2
£195K04/230.58 mi15, Chambers Close, Sidmouth, Devon EX10 9YL2
£165K03/210.6 mi9, School Street, Sidford, Sidmouth, Devon EX10 9PF2
£230K10/220.6 mi8, School Street, Sidford, Sidmouth, Devon EX10 9PF2
£485K01/210.62 mi43, Woolbrook Park, Sidmouth, Devon EX10 9DX2

Local Rents

15 rents from £725/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£79012/240.27 miRaleigh Close, Sidmouth2
£1,10012/240.31 miManstone Avenue, Sidmouth2
£1,15012/240.53 miAscerton Close, Sidmouth2
£75003/240.54 miTemple Street, Sidmouth, Devon, EX102
£1,27512/240.71 mi-2
£1,10012/240.78 miThe Laurels, Sidmouth, Devon2
£99512/240.83 mi-2
£95012/240.83 mi-2
£1,07502/250.83 mi-2
£80003/241.08 miThe Grooms, Russell Street 2
£1,50012/241.14 mi-2
£1,65003/251.19 mi-2
£1,15003/241.21 miConvent Road, Sidmouth2
£72512/241.23 miMarket Place, Sidmouth2
£1,20003/241.23 miFortfield Gardens, Sidmouth2

Local Area Statistics

Population in EX10

16,775

Town centre distance

0.44 miles away

Nearest school

0.10 miles away

Nearest train station

6.62 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Buyer's market

Capital growth (5yrs)

+23%

Property History

Listed for £400,000

July 3, 2024

Floor Plans

Description

A detached bungalow offered for sale with no on-going chain and now in need of modernisation and refurbishment, situated in a popular location close to the Byes and River Sid.

Agent Details

Harrison-Lavers & Potbury's, Sidmouth

01395 201030

Next Steps?

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