2 Bed Flat, Refurb/BRRR, Feltham, TW14 8BJ, £180,000

227 Wooldridge Close Feltham TW14 8BJ - 1 views - 9 months ago

Leasehold
Refurb/BRRR
ROI: 7%
57 m²
+2 photos

ValuationFair Value

Sold Prices£80K - £347K
Sold Prices/m²£1.5K/m² - £6.1K/m²

 

 

Square Metres

57 m²
Price/m²£3.2K/m²

Value Estimate

£181,800

 

 

End Value (After Refurb)

£289,014

Uplift in Value

+61%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Refurb Costs

£30,155

Bridging Loan Interest

£4,725

Total Cash In

£91,830

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£289,014

Agent Fees (1%)

£2,890

Bridging Loan

£135,000

Bridging Loan Interest

£4,725

Flip Profit

£59,294

Local Sold Prices

28 sold prices from £80K to £347K, average is £271.8K. £1.5K/m² to £6.1K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£145.8K08/230 mi197, Wooldridge Close, Feltham, Greater London TW14 8BJ2
£268.5K08/220.03 mi39, Wooldridge Close, Feltham, Greater London TW14 8BF2
£285K02/230.04 mi161, Wooldridge Close, Feltham, Greater London TW14 8BH2
£260K10/220.05 mi44, Wooldridge Close, Feltham, Greater London TW14 8BF2
£80K08/210.42 mi24, Padbury Close, Bedfont, Feltham, Greater London TW14 8SW2
£347K11/220.47 mi60, Kilross Road, Feltham, Greater London TW14 8SA2
£280K07/220.58 mi185, Bedfont Close, Feltham, Greater London TW14 8LQ2
£215K03/210.61 mi424a, Staines Road, Feltham, Greater London TW14 8BS2
£267.5K11/210.65 miFlat 16, Edith Court, New Road, Bedfont, Feltham, Greater London TW14 8HF2
£260K08/220.71 mi36, Oak Way, Feltham, Greater London TW14 8AS2
£295K08/230.74 mi71, Oak Way, Feltham, Greater London TW14 8AT2
£275K02/210.74 mi24, Peninsular Close, Feltham, Greater London TW14 9SS2
£323K08/230.74 mi21, Peninsular Close, Feltham, Greater London TW14 9SS2
£285K02/210.74 mi73, Oak Way, Feltham, Greater London TW14 8AT2
£325K12/220.8 mi10, The Gardens, Feltham, Greater London TW14 9PW2
£287.5K06/210.8 mi184, Hatton Road, Feltham, Greater London TW14 9PY2
£320K11/220.81 mi321a, Bedfont Lane, Feltham, Greater London TW14 9SB2
£240K03/210.82 mi190, Redford Close, Feltham, Greater London TW13 4TF2
£240K01/210.82 mi193, Redford Close, Feltham, Greater London TW13 4TF2
£246K11/220.83 mi155, Redford Close, Feltham, Greater London TW13 4TE2
£258K08/210.85 mi421, Staines Road, Feltham, Greater London TW14 9HA2
£285K12/220.85 mi368, Redford Close, Feltham, Greater London TW13 4TL2
£250K07/210.86 mi294, Redford Close, Feltham, Greater London TW13 4TH2
£232K11/200.87 mi423, Redford Close, Feltham, Greater London TW13 4TN2
£315K08/230.89 mi9c, Reedsfield Road, Ashford, Surrey TW15 2HE2
£300K06/210.89 mi9b, Reedsfield Road, Ashford, Surrey TW15 2HE2
£220K10/230.9 mi23, The Clumps, Ashford, Greater London TW15 1AT2
£276K11/220.99 miFlat 115, Sienna Court, Elvedon Road, Feltham, Greater London TW13 4SG2

Local Rents

12 rents from £1.6K/mo to £2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,80012/240.03 mi-2
£1,80004/250.04 mi-2
£1,85011/240.04 mi-2
£1,85012/240.04 mi-2
£1,90010/240.17 mi-2
£2,00011/240.17 mi-2
£1,60012/240.33 mi-2
£1,65010/240.42 miLoxwood Close, Bedfont2
£1,65010/240.47 miKilross Road, Bedfont2
£1,95011/240.54 mi-2
£1,70004/250.56 mi-2
£1,65001/250.58 mi-2

Local Area Statistics

Population in TW14

27,980

Population in Feltham

64,101

Town centre distance

1.47 miles away

Nearest school

0.30 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £180,000

July 25, 2024

Floor Plans

Description

  • No Chain +
  • Two Bedrooms +
  • Open Plan Kitchen / Living +
  • In neeed of some updating +

PUBLIC NOTICE - 227 Wooldridge Close Feltham TW14 8BJ. we have received an offer of £190000.00. Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place. EPC Rating (C)

Sherwoods are delighted to offer this two bedroom 1st floor flat. The property is in need of some updating and offered with no chain. Further features include central heating, double glazed windows, security entrance system, fitted kitchen, and three piece bathroom suite.
Council Tax band D.

The vendor has informed us that the lease is 82 years and the Annual service charge is around £200.03 per month. We are awaiting confirmation of the tenure from the Vendors solicitors, and we advise that all interested parties should obtain verification and confirmation of the terms of the lease through their solicitor or surveyor.

Hall
Front door to communal hallway, two storage cupboards and doors to all rooms.

Lounge 4.77m (15' 8") x 3.08m (10' 1")
Rear aspect double glazed picture window to Juliet balcony, two single radiators.

Kitchen 2.78m (9' 1") x 1.72m (5' 8")
Range of floor and wall mounted units and drawers, roll top work surface, built-in oven with hob and pull-out extractor fan, inset sink and drainer unit, part tiled surround, space for washing machine and fridge freezer.

Bedroom 1 6.49m (21' 4") x 2.80m (9' 2")
Rear aspect double glazed picture window to Juliet balcony, built-in wardrobe, radiator.
Room narrows to 1.78m (5' 10")

Bedroom 2 3.52m (11' 7") x 2.07m (6' 9")
Rear aspect double glazed window, radiator.

Bathroom
Panel enclosed bath with shower attachment and screen, pedestal wash hand basin, low level WC, radiator, extractor fan.

We understand that the property is leasehold but have not yet been able to verify the terms and conditions of the lease. However, we are awaiting confirmation of the tenure from the Vendors solicitors and we advise that all interested parties should obtain verification and confirmation of the terms of the lease through their solicitor or surveyor.

Please note that it is not our company policy to test the services, heating systems and domestic appliances, therefore we cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor.

Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

Agent Details

Sherwoods Independent Estate Agents, Bedfont

020 3872 5307

Next Steps?

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