3 Bed Terraced House, Refurb/BRRR, Bideford, EX39 4HB, £210,000

7 Goaman Road, Bideford, Devon, EX39 4HB - 3 views - 7 months ago

Refurb/BRRR
~77 m²
+8 photos

ValuationOvervalued

Sold Prices£110K - £390K
Sold Prices/m²£1.4K/m² - £4.6K/m²

 

 

Square Metres

~76.50 m²
Price/m²£2.7K/m²

Value Estimate

£164,688

 

 

End Value (After Refurb)

£208,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£31,013

Bridging Loan Interest

£5,513

Total Cash In

£98,275

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£208,750

Mortgage (After Refinance)

£156,563

Mortgage LTV

75%

Cash Left In

£98,275

Equity

£52,188

Rent Range

£700 - £1,100

Rent Estimate

£875

Running Costs/mo

£847

Cashflow/mo

£28

Cashflow/yr

£332

ROI

0%

Gross Yield

5%

Local Sold Prices

48 sold prices from £110K to £390K, average is £203.5K. £1.4K/m² to £4.6K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£220K03/230.02 mi11, Goaman Road, Bideford, Devon EX39 4HB3
£210K01/230.02 mi8, Gammaton Road, Bideford, Devon EX39 4DG3
£196.5K01/210.08 mi70, Fulford Close, Bideford, Devon EX39 4DX3
£205K03/210.08 mi60, Fulford Close, Bideford, Devon EX39 4DX3
£190K01/210.08 mi19, Fulford Close, Bideford, Devon EX39 4DX3
£230K09/210.11 mi28, Tennacott Heights, Bideford, Devon EX39 4DH3
£202K08/230.15 mi12, Monks Close, Bideford, Devon EX39 4DN3
£251K12/220.17 mi13, Trent Close, Bideford, Devon EX39 4DW3
£170K08/230.18 mi11, Barton Tors, Bideford, Devon EX39 4EY3
£220K04/230.19 mi6, Alver Green, Bideford, Devon EX39 4DL3
£225K06/210.2 mi20, Abbots Drive, Bideford, Devon EX39 4DB3
£185.5K01/210.23 mi78, Sentry Corner, Bideford, Devon EX39 4BS3
£200K11/200.23 mi73, Sentry Corner, Bideford, Devon EX39 4BS3
£165K02/210.25 mi35, Sentry Corner, Bideford, Devon EX39 4BP3
£235K08/230.26 mi25, Broadlands, Bideford, Devon EX39 4QL3
£188K11/200.27 mi1, Sentry Corner, Bideford, Devon EX39 4BW3
£165K01/210.29 mi47, Churchill Road, Bideford, Devon EX39 4HG3
£185K06/210.32 mi19, Heathfield Road, Bideford, Devon EX39 4BU3
£165K08/210.32 mi16, Heathfield Road, Bideford, Devon EX39 4BU3
£165K09/210.34 mi85, Clifton Street, Bideford, Devon EX39 4EX3
£182K11/200.39 mi7, Boards Court, Bideford, Devon EX39 4FJ3
£195K08/210.39 mi20, Boards Court, Bideford, Devon EX39 4FJ3
£237.5K04/230.39 mi22, Fort Terrace, Bideford, Devon EX39 4BJ3
£175K04/230.44 mi18, Brookfield Street, Bideford, Devon EX39 4ER3
£145K07/210.44 mi25, Brookfield Street, Bideford, Devon EX39 4ER3
£192.5K11/200.45 mi3, Chapel Park Close, Bideford, Devon EX39 4FD3
£260K03/230.45 mi14, Chudleigh Avenue, Bideford, Devon EX39 4AT3
£250K04/210.47 mi1, Ian Hay Close, Bideford, Devon EX39 4RL3
£305K08/230.48 mi46, East Ridge View, Bideford, Devon EX39 4RS3
£240K03/230.48 mi22, East Ridge View, Bideford, Devon EX39 4RS3
£177.5K03/210.49 mi28, Torridge Mount, Bideford, Devon EX39 4EL3
£250K06/210.52 mi63, Biddiblack Way, Bideford, Devon EX39 4AY3
£179.9K08/210.52 mi4, Railway Terrace, Bideford, Devon EX39 4BB3
£233K06/210.56 mi21, Pollards Place, Bideford, Devon EX39 4FE3
£390K09/210.56 miEnglyn, Westview Avenue, Bideford, Devon EX39 4AL3
£350K04/210.63 miBur-que, Old Barnstaple Road, Bideford, Devon EX39 4AJ3
£293.3K03/210.63 miHelios, Old Barnstaple Road, Bideford, Devon EX39 4AJ3
£240K07/230.73 mi1, Wellbrook Terrace, Bideford, Devon EX39 2BG3
£250K03/230.76 mi99, Devonshire Park, Bideford, Devon EX39 5JF3
£255K07/230.76 mi84, Devonshire Park, Bideford, Devon EX39 5JF3
£216K04/210.87 mi23, Soloman Drive, Bideford, Devon EX39 5XY3
£185K12/200.89 mi7, Victoria Grove, Bideford, Devon EX39 2DN3
£110K01/210.9 mi21, Victoria Grove, Bideford, Devon EX39 2DN3
£178K01/210.94 mi110, Meddon Street, Bideford, Devon EX39 2EW3
£199K11/200.97 mi7, The Strand, Bideford, Devon EX39 2NB3
£218K12/220.97 mi12, The Strand, Bideford, Devon EX39 2NB3
£340K12/220.98 mi3, Park Avenue, Bideford, Devon EX39 2QH3
£135K06/210.99 mi23, Old Town, Bideford, Devon EX39 3BH3

Local Rents

16 rents from £700/mo to £1.1K/mo, average is £893/mo.

RentDateDistanceAddressBeds 
£1,10004/250.4 mi-3
£89003/240.45 miEast Ridge View, Bideford, Devon3
£95004/240.48 miTorridge Mount, Bideford3
£95004/240.48 miTorridge Mount, Bideford3
£97503/240.49 miTorridge Mount, Bideford3
£81503/240.53 miGrange Bungalows, Bideford, Devon3
£85004/240.76 miBrigade House, Bideford, EX393
£85005/240.76 mi-3
£85005/240.76 mi-3
£89504/240.76 miDevonshire Park, Bideford, Devon, EX393
£80003/240.89 miHigh Street, Bideford, Devon, EX393
£90009/230.94 mi-3
£95003/240.99 miPitt Lane, Bideford3
£83503/241.04 miMyrtle Grove, Bideford, Devon3
£70007/231.13 mi-3
£89503/241.19 miStrathmore Court, Bideford3

Local Area Statistics

Population in EX39

37,175

Town centre distance

0.76 miles away

Nearest school

0.20 miles away

Nearest train station

7.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £210,000

September 2, 2024

Floor Plans

Description

  • A CHARMING END-TERRACE PROPERTY +
  • 3 Bedrooms +
  • Spacious yet cosy Living Room +
  • Well-sized Kitchen / Diner & Utility Room +
  • Upstairs Bathroom +
  • Wrap-around garden +
  • In need of updating but move in ready +
  • Large, open green area - ideal for tossing a ball with the dog or for kids to play in clear view of the house +

This charming property benefits greatly from its end-terrace position. If the well-sized, wrap-around garden wasn't enough outdoor space, to the fore of the property is a large, open green area dividing the terraces, ideal for tossing a ball with the dog or for kids to play in clear view of the house.

Whilst the interior is in need of updating - certain features, such as the large fireplace and chimney breast, and wood-panelled Bathroom give a cosy retro feel to the property, which is perfectly move in ready.

Through a door from the entrance way is a spacious yet cosy Living Room with a bay window to the front and a large fireplace. This room leads on to the well-sized Kitchen / Diner and a Utility Room to the back door. Going upstairs leads to a wood-panelled and well-lit Bathroom, the Master Bedroom and the second and third Bedrooms.

East-The-Water is a suburb of Bideford that, as the name describes, is on the eastern bank of the River Torridge to the main town. It operates fairly independently as it has its own shops, community hall and a well-regarded primary school. East-The-Water was once the mining heart of North Devon, with the unique form of coal, Bideford Black, sourced from the area all the way to the sea. Chudleigh Fort and park is close by and commands great views of Bideford and the old bridge. When you need to be practical, one of the towns largest supermarkets is also very close by on foot.

In the wider area, Bideford boasts a host of pubs, restaurants, a weekly cinema and various sporting clubs to join/follow. It has many open spaces to explore as well as pleasant river walks along the River Torridge or by the working Quay. Bideford also supports a raft of interesting independent shops and small businesses in its narrow streets. Check out the Pannier Market and Market Place shops for its array of craft and farm food stores.

East-The-Water is within short driving distance of the Atlantic Highway (A39) that is the main feeder route across the region leading to Wadebridge in Cornwall to the south-west and to the M5 by Tiverton in the east. A bus service provides access to North Devon's capital, Barnstaple. Bus users can also reach Westward Ho!, Bideford, Braunton, Appledore, Croyde and Ilfracombe.

Directions
From Bideford Quay, with the River Torridge on your left hand side, proceed over the Old Bideford Bridge. At the mini roundabout proceed straight across and uphill. Upon reaching the next roundabout, take the right hand turning onto Gammaton Road. Take the third right hand turning onto Chubb Road. Take the first left hand turning onto Goaman Road to where number 7 will be situated on your left hand side with a numberplate and For Sale notice clearly displayed.

Agent Details

Bond Oxborough Phillips, Bideford

01237 479999

Next Steps?

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