3 Bed Terraced House, Refurb/BRRR, Barnstaple, EX32 7ED, £199,950

Charles Dart Crescent, Barnstaple, North Devon, EX32 7ED - 1 views - 10 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~80 m²
+10 photos

ValuationOvervalued

Sold Prices£130K - £385K
Sold Prices/m²£1.2K/m² - £5K/m²

 

 

Square Metres

~80.44 m²
Price/m²£2.5K/m²

Value Estimate

£181,299

 

 

End Value (After Refurb)

£188,850

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£49,988

Stamp Duty & Legal Fees

£11,198

Refurb Costs

£32,868

Bridging Loan Interest

£5,249

Total Cash In

£101,052

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£188,850

Mortgage (After Refinance)

£141,637

Mortgage LTV

75%

Cash Left In

£101,052

Equity

£47,212

Rent Range

£730 - £2,500

Rent Estimate

£1,289

Running Costs/mo

£868

Cashflow/mo

£421

Cashflow/yr

£5,053

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £130K to £385K, average is £201K. £1.2K/m² to £5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£130K09/210.01 mi59, Charles Dart Crescent, Barnstaple, Devon EX32 7ED3
£210K07/210.05 mi27, Charles Dart Crescent, Barnstaple, Devon EX32 7EB3
£235K09/210.07 mi36a, Bicton Street, Barnstaple, Devon EX32 7EA3
£202.5K08/210.09 mi15, Bicton Street, Barnstaple, Devon EX32 7DY3
£180K06/230.1 mi15, Belmont Road, Barnstaple, Devon EX32 7HF3
£217K03/230.1 mi8, Belmont Road, Barnstaple, Devon EX32 7HF3
£221K11/220.1 mi53, Bicton Street, Barnstaple, Devon EX32 7EA3
£195K11/220.12 mi31, Sunflower Road, Barnstaple, Devon EX32 7DU3
£148K07/230.13 mi37, Sunflower Road, Barnstaple, Devon EX32 7DU3
£202K02/210.16 mi9, Richmond Street, Barnstaple, Devon EX32 7DP3
£180K07/210.16 mi15, Richmond Street, Barnstaple, Devon EX32 7DP3
£164.5K12/200.16 mi2, Richmond Street, Barnstaple, Devon EX32 7DP3
£187.5K08/210.16 mi16, Richmond Street, Barnstaple, Devon EX32 7DP3
£195K01/230.16 mi32, Poltimore Lawn, Barnstaple, Devon EX32 7HL3
£235K01/230.16 mi37, St Marys Road, Barnstaple, Devon EX32 7EY3
£385K09/210.16 mi17, Sunset Heights, Barnstaple, Devon EX32 8DH3
£310K03/210.16 mi36, Sunset Heights, Barnstaple, Devon EX32 8DH3
£307K06/210.16 mi8, Sunset Heights, Barnstaple, Devon EX32 8DH3
£250K05/230.16 mi30, St Marys Road, Barnstaple, Devon EX32 7EY3
£136K12/200.17 mi10, Lower Gaydon Street, Barnstaple, Devon EX32 7DW3
£160K02/210.17 mi35, Churchill Close, Barnstaple, Devon EX32 7HJ3
£180K02/210.18 mi9, Grosvenor Street, Barnstaple, Devon EX32 7DT3
£180K02/210.23 mi48, Long Meadow Drive, Barnstaple, Devon EX32 7RA3
£195K06/210.23 mi46, Long Meadow Drive, Barnstaple, Devon EX32 7RA3
£345K10/220.23 mi67, Chanters Hill, Barnstaple, Devon EX32 8DE3
£185K07/210.24 mi3, Martin Road, Barnstaple, Devon EX32 7EL3
£157K03/210.24 mi11, Martin Road, Barnstaple, Devon EX32 7EL3
£180K08/230.25 mi72, Lethaby Road, Barnstaple, Devon EX32 7HH3
£172K01/210.25 mi73, Lethaby Road, Barnstaple, Devon EX32 7HH3
£215K11/200.26 mi36, Fort Street, Barnstaple, Devon EX32 8BJ3
£380K11/220.27 mi1, Langarron Park, Barnstaple, Devon EX32 8BT3
£287K07/230.28 mi4, Weirside Way, Barnstaple, Devon EX32 7RB3
£195K09/210.29 mi41, Carrington Terrace, Barnstaple, Devon EX32 7AF3
£241K07/230.29 mi44, Carrington Terrace, Barnstaple, Devon EX32 7AF3
£283K02/230.29 mi43, Carrington Terrace, Barnstaple, Devon EX32 7AF3
£182.5K05/210.29 mi16, Vicarage Lawn, Barnstaple, Devon EX32 7BW3
£295K03/210.29 miJasmine House, Goodleigh Road, Barnstaple, Devon EX32 7EQ3
£170K01/210.31 mi5, Wimborne Terrace, Barnstaple, Devon EX32 7AN3
£165K03/210.32 mi3, Meteor Walk, Barnstaple, Devon EX32 7HY3
£250K07/230.32 mi43, Chanters Hill, Barnstaple, Devon EX32 8DW3
£203K12/200.33 mi16, King Edward Street, Barnstaple, Devon EX32 7BE3
£200K07/210.33 mi22, King Edward Street, Barnstaple, Devon EX32 7BE3
£200K04/210.33 mi25, Carlyle Avenue, Barnstaple, Devon EX32 7AL3
£220K11/200.33 mi3, Carlyle Avenue, Barnstaple, Devon EX32 7AL3
£190K01/210.33 mi4, Margrove Terrace, Barnstaple, Devon EX32 7AD3
£180K03/210.34 mi31, Coronation Street, Barnstaple, Devon EX32 7AZ3
£209K12/200.34 mi4, Silverwood Heights, Barnstaple, Devon EX32 7RJ3
£218K03/210.35 mi6, Britten Drive, Barnstaple, Devon EX32 8AQ3
£228K03/210.35 mi6, Grieg Drive, Barnstaple, Devon EX32 8AG3
£230K06/210.35 mi17, Grieg Drive, Barnstaple, Devon EX32 8AG3

Local Rents

11 rents from £730/mo to £2.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£2,50001/250.15 mi-3
£2,50002/250.15 mi-3
£1,50002/250.15 mi-3
£1,20009/240.17 mi-3
£92503/240.24 miMartin Road, Barnstaple, Devon, EX323
£78505/240.26 mi-3
£78505/240.26 mi-3
£95004/240.35 miGranville Avenue, Barnstaple, Devon, EX323
£1,00010/240.36 mi-3
£73005/240.4 miBoutport Street, Barnstaple, Devon3
£80011/240.62 mi-3

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £199,950

July 11, 2024

Floor Plans

Description

  • WATCH THE VIDEO TOUR +
  • Three bedroom terraced house +
  • In need of refurbishment +
  • Sitting room & kitchen/dining area +
  • Additional downstairs office/utility room +
  • Courtyard rear garden +
  • Driveway parking for two cars +
  • Short walking distance to the town centre +
  • No onward chain +
  • TO BOOK YOUR VIEWING, WHEN CALLING QUOTE REFERENCE: RY0585 +

Accommodation Stepping in through the front door is a spacious entrance hallway with a versatile space to the left-hand side. This room could easily be utilised as an office or even a small utility area. Stairs straight ahead in the hallway lead to the first floor, while the hall also bends round to the left where there is a spacious sitting room to the front aspect. To the rear of the property is a large kitchen/dining room with an abundance of built-in storage space under the stairs. Although in need of updating, this area presents a great deal of space for a family or those that entertain. A single door leads out to the courtyard garden. Currently, there is are fitted units with a stainless sink/drainer, an abundance of worktop space, while space is also provided for a washing machine, fridge/freezer and also a cooker. Heading upstairs to the first floor, there is a window on the landing that illuminates the space, and presents access to each of the three bedrooms and family bathroom. Both bedrooms one and two are substantial double rooms to the front aspect of the home, with also benefiting from some built-in storage. Bedroom three is a well single room to the rear elevation, while the bathroom comprises a WC, wash hand basin, and enclosed shower cubicle.  Outside & parking A hardstanding area to the front of the home provides for gated driveway parking for two cars. There are walled boundaries at each side, and a raised flower bed with a handful of steps leading up to the front door.  Access is provided to the rear garden internally through the kitchen door and also externally via a gate at the back. The courtyard style rear garden is an easy maintenance area with a strip of decking adjoining the back of the property. There is then a patio section making for a pleasant sun trap and a sociable seating space with a good degree of privacy. It is fenced at each side and also plays host to a large storage shed and another small patio section.  Location The property is located within a short stroll of the heart of Barnstaple's town centre, conveniently positioned for every day amenities. The town centre is accessible by foot within just a few minutes walk, along with numerous well known and independent high street shops, supermarkets, department stores, pubs, cafes, restaurants and leisure facilities. The popular sandy surfing beaches of Saunton, Croyde and Woolacombe are within around 20-30 minutes drive, as is the border of Exmoor National Park. Along the A361, Tiverton Parkway train station with fast services to London Paddington can be reached in approximately 45 minutes, as can the M5 network and beyond, also from Junction 27 at Tiverton. Other notable areas for further shopping include Exeter in around an hour's drive, and the Cornish border within about a 30-40 minute drive. Useful information

  • Heating - Gas central heating
  • Drainage - Mains
  • Windows - UPVC double glazed throughout
  • Council Tax - Tax band A
  • EPC - Current - C/69 / Potential - B/85
  • Seller's position - No onward chain

Agent Details

eXp UK, South West

03304 609968

Next Steps?

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