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3 Bed Semi-Detached House, Refurb/BRRR, Staines, TW18 1JL, £425,000

Hazel Grove, Staines, Surrey, TW18 1JL - 2 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+2 photos

ValuationFair Value

Sold Prices£340K - £712K
Sold Prices/m²£3.9K/m² - £11K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£425,000

 

 

End Value (After Refurb)

£488,724

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£49,200

Bridging Loan Interest

£11,156

Total Cash In

£191,056

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£488,724

Mortgage (After Refinance)

£366,543

Mortgage LTV

75%

Cash Released

£47,793

Cash Left In

£143,263

Equity

£122,181

Rent Range

£1,590 - £2,750

Rent Estimate

£2,351

Running Costs/mo

£2,017

Cashflow/mo

£334

Cashflow/yr

£4,002

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £340K to £712K, average is £455K. £3.9K/m² to £11K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£440K01/210.05 mi5, Hazel Grove, Staines-upon-thames, Surrey TW18 1JJ3
£510K06/210.05 mi20, Hurstdene Avenue, Staines, Surrey TW18 1JQ3
£565K03/210.05 mi34, Hurstdene Avenue, Staines-upon-thames, Surrey TW18 1JQ3
£595K08/230.05 mi46, Hurstdene Avenue, Staines-upon-thames, Surrey TW18 1JQ3
£515K11/200.06 mi9, Ash Grove, Staines, Surrey TW18 1JE3
£507.3K03/210.08 mi32, Templedene Avenue, Staines, Surrey TW18 1LP3
£543K09/230.08 mi48, Templedene Avenue, Staines-upon-thames, Surrey TW18 1LP3
£430K01/210.09 mi29, Ash Grove, Staines, Surrey TW18 1JE3
£540K07/210.1 mi24, Cherry Tree Avenue, Staines, Surrey TW18 1JF3
£455K03/210.1 mi18, Cherry Tree Avenue, Staines-upon-thames, Surrey TW18 1JF3
£450K04/210.1 mi17, Pavilion Gardens, Staines-upon-thames, Surrey TW18 1LS3
£528K06/210.1 mi47, Pavilion Gardens, Staines-upon-thames, Surrey TW18 1LS3
£575K05/230.14 mi122, Pavilion Gardens, Staines-upon-thames, Surrey TW18 1HW3
£360K11/200.18 mi100, Worple Road, Staines-upon-thames, Surrey TW18 1EQ3
£405K04/210.18 mi172, Worple Road, Staines-upon-thames, Surrey TW18 1EQ3
£455K02/230.18 mi48, Worple Avenue, Staines-upon-thames, Surrey TW18 1HX3
£480K09/210.18 mi74, Worple Avenue, Staines, Surrey TW18 1HX3
£400K03/210.18 mi2, Worple Avenue, Staines, Surrey TW18 1HX3
£390K06/210.19 mi86, Worple Road, Staines-upon-thames, Surrey TW18 1EG3
£425K04/210.21 mi27, The Glade, Staines, Surrey TW18 1ER3
£475K08/230.21 mi59, The Glade, Staines-upon-thames, Surrey TW18 1ER3
£452K11/200.21 mi16, Arnold Road, Staines-upon-thames, Surrey TW18 1LX3
£380K05/210.21 mi39, Worple Avenue, Staines, Surrey TW18 1HY3
£373.5K06/210.22 mi159, Elizabeth Avenue, Staines-upon-thames, Surrey TW18 1JN3
£650K07/230.22 mi97, Elizabeth Avenue, Staines-upon-thames, Surrey TW18 1JN3
£440K12/200.22 mi109, Brightside Avenue, Staines-upon-thames, Surrey TW18 1NH3
£440K11/210.22 mi35, Berryscroft Road, Staines, Surrey TW18 1ND3
£500K10/220.22 mi196, Kingston Road, Staines-upon-thames, Surrey TW18 1PE3
£425K03/210.23 mi86, Brightside Avenue, Staines, Surrey TW18 1NQ3
£420K04/210.23 mi135, Brightside Avenue, Staines, Surrey TW18 1NH3
£392.5K01/210.24 mi5, Fairlawns Close, Staines-upon-thames, Surrey TW18 1BP3
£425K02/210.25 mi179, Kingston Road, Staines, Surrey TW18 1PB3
£525K06/210.26 mi186, Commercial Road, Staines, Surrey TW18 2QS3
£340K03/210.27 mi32, Kenilworth Gardens, Staines, Surrey TW18 1DR3
£540K02/210.27 mi7, Homestead Road, Staines, Surrey TW18 2RD3
£545K03/230.27 mi17, Homestead Road, Staines-upon-thames, Surrey TW18 2RD3
£402.5K06/210.28 mi60, Nursery Gardens, Staines-upon-thames, Surrey TW18 1ET3
£382K11/200.28 mi62, Nursery Gardens, Staines-upon-thames, Surrey TW18 1ET3
£390K11/200.28 mi40, Nursery Gardens, Staines-upon-thames, Surrey TW18 1ET3
£510K05/230.28 mi38, Nursery Gardens, Staines-upon-thames, Surrey TW18 1ET3
£405.5K06/210.28 mi99, Nursery Gardens, Staines, Surrey TW18 1EL3
£472.5K08/230.28 mi111, Nursery Gardens, Staines-upon-thames, Surrey TW18 1EL3
£435K03/210.28 mi58, Nursery Gardens, Staines, Surrey TW18 1ET3
£415K03/210.29 mi36, Kenilworth Gardens, Staines-upon-thames, Surrey TW18 1DR3
£467.5K03/210.29 mi70, Petersfield Road, Staines, Surrey TW18 1DL3
£547.5K12/220.29 mi20, Worple Road, Staines-upon-thames, Surrey TW18 1EA3
£455K02/230.31 mi61, Brightside Avenue, Staines-upon-thames, Surrey TW18 1NF3
£542.5K06/210.32 mi48, Knightsbridge Crescent, Staines-upon-thames, Surrey TW18 2QR3
£712K12/220.32 mi236, Worple Road, Staines-upon-thames, Surrey TW18 1HE3
£490K12/200.33 mi26, Westbourne Road, Staines, Surrey TW18 1HF3

Local Rents

12 rents from £1.6K/mo to £2.8K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,30010/240.18 miWorple Avenue, Staines-upon-Thames, Surrey, TW183
£2,75010/240.18 mi-3
£2,25003/250.2 mi-3
£2,20010/240.2 mi-3
£1,85010/240.23 miBrightside Avenue, Staines-upon-Thames, Surrey, TW183
£1,85010/240.23 miBrightside Avenue, TW183
£1,59010/240.29 miKenilworth Gardens, Staines-Upon-Thames, Surrey, TW183
£2,30010/240.31 mi-3
£2,40010/240.35 mi-3
£2,20011/240.35 mi-3
£1,80010/240.46 miShaftesbury Crescent, Staines-Upon-Thames3
£2,20010/240.53 mi-3

Links

Local Area Statistics

Population in TW18

25,458

Population in Staines

41,638

Town centre distance

0.76 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £425,000

August 12, 2024

Description

  • Semi Detached Home +
  • Two Double Bedrooms +
  • Through Lounge/Dining Room +
  • Large Rear Garden +
  • Own Driveway +
  • Ample Off Street Parking +
  • No Onward Chain +
  • Scope To Extend (STPP) +

This semi detached home is located in a popular residential road within walking distance of local shops, schools and transport links. Offered for sale with no onward chain, the property features two double bedrooms, through lounge/dining room, large rear garden, own drive to detached garage and off street parking for 3 cars. The property requires renovation throughout and has the potential to be extended (stpp).

Agent Details

Seymours Estate Agents, Staines upon Thames

01784 913069

Next Steps?

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

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