3 Bed Terraced House, Refurb/BRRR, Warminster, BA12 7HW, £265,000

43 Church Street, Maiden Bradley, BA12 7HW - 4 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~178 m²
+17 photos

ValuationFair Value

Sold Prices£250K - £440K
Sold Prices/m²£2.3K/m² - £6.3K/m²

 

 

Square Metres

~178.47 m²
Price/m²£1.5K/m²

Value Estimate

£267,650

 

 

End Value (After Refurb)

£627,391

Uplift in Value

+137%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£72,773

Bridging Loan Interest

£6,956

Total Cash In

£157,629

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£627,391

Agent Fees (1%)

£6,274

Bridging Loan

£198,750

Bridging Loan Interest

£6,956

Flip Profit

£264,738

Local Sold Prices

5 sold prices from £250K to £440K, average is £340K. £2.3K/m² to £6.3K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£337K02/210.01 mi36, Church Street, Maiden Bradley, Warminster, Wiltshire BA12 7HW3
£250K02/230.1 mi55, The Rank, Maiden Bradley, Warminster, Wiltshire BA12 7JF3
£440K02/230.1 mi59, The Rank, Maiden Bradley, Warminster, Wiltshire BA12 7JF3
£420K06/210.13 miThe Old School Cottage, High Street, Maiden Bradley, Warminster, Wiltshire BA12 7JG3
£340K06/212.33 miSawmill Cottage, The Street, Kilmington, Warminster, Wiltshire BA12 6RG3

Local Rents

3 rents from £1.8K/mo to £3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,77503/251.56 mi-3
£3,00012/241.86 miChurch Street, Horningsham4
£1,90002/252.3 mi-4

Local Area Statistics

Population in BA12

28,537

Town centre distance

5.73 miles away

Nearest school

1.90 miles away

Nearest train station

6.19 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £265,000

July 23, 2024

Floor Plans

Description

  • Three double bedrooms +
  • Mid terraced character cottage +
  • In need of complete renovation +
  • Extension potential (STPP) +
  • Two allocated off road parking spaces +
  • Council Tax Band B and Freehold +

43 Church Street is a handsome looking, mid terraced, three-bedroom cottage set in the popular village of Maiden Bradley and is approx. 6 miles from the thriving market town of Frome. Requiring total renovation, this is an exciting and rare opportunity. Upon entering through the front door there is a useful porch area, which gives access to the breakfast room at the rear of the property, whilst to the right-hand side there is the main hallway, from which there is access to the ground floor living space and a stairway leading to the first-floor accommodation. To the right-hand side of the hallway a generously sized living room has plenty of natural light and a feature fireplace. Further down the hallway, there is the dining room which has additional built-in storage and plenty of space for a table and chairs. The bathroom is also on the ground floor, which is fitted with a three-piece white suite, including a bath, a W.C., and a low-level wash hand basin. The kitchen at the rear of the property is fitted with a range of wall and base units, an integrated oven and an electric hob, where potential buyers may like the opportunity to put their stamp on the home. Beyond the kitchen is a very useful extra space that could be used as a potential utility area. The breakfast room requires extensive modernisation but could be made into a welcoming space. On the first floor the landing gives access to three bedrooms, which are generous in size, with bedrooms one and two being situated at the front and bedroom three located at the rear of the property. OUTSIDE There is a small front garden and the mature rear garden is a good size, with room for two car parking spaces at the very end of the garden. ADDITIONAL INFORMATION Electric heating, mains water, electricity and drainage are all connected. Proposed detailed architectural plans are available for a full renovation and extension of the property. LOCATION The vibrant towns of Frome (approx. 6 miles) and Bruton (approx. 9 miles) are nearby and offer a range of restaurants, pubs and shops. Maiden Bradley has a thriving village pub, The Bradley Hare, which has recently been refurbished and The Bradley Pantry, the village grocery and coffee shop, is open 7 days a week. Direct trains from both Warminster and Westbury arrive in London in under 2 hours.

Agent Details

Cooper & Tanner, Frome

01373 481067

Next Steps?

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