3 Bed Terraced House, Refurb/BRRR, Bideford, EX39 4LZ, £225,000

5 Venn Close, Instow, Devon, EX39 4LZ - 3 views - 5 months ago

Sold STC
Refurb/BRRR
~87 m²
+3 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£35,403

Bridging Loan Interest

£5,906

Total Cash In

£107,259

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£363,875

Agent Fees (1%)

£3,639

Bridging Loan

£168,750

Bridging Loan Interest

£5,906

Flip Profit

£84,227













Local Rents

21 rents from £650/mo to £1.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,35005/240.5 mi-3
£1,55004/240.68 miKiln Close Lane, Instow, Bideford4
£1,15003/240.68 miYelland3
£95005/241.12 miVernons Lane, Appledore, Bideford, EX392
£97505/241.15 miFactory Ope, Appledore3
£65004/241.18 miBude Street, Appledore, Bideford1
£65004/241.18 miBude Street, Appledore, Bideford1
£81505/241.19 miThe Quay, Appledore, Bideford2
£1,50005/241.21 miMeeting Street, Bideford4
£1,30004/241.21 miMeeting Street3
£75004/241.24 miMyra Court, Irsha Street, Appledore2
£1,30005/241.35 miIrsha Street, Appledore, Bideford4
£1,30005/241.38 miOdun Terrace, Appledore3
£85004/242.09 miKimberley Park, Bideford, Devon2
£1,30004/242.16 miJH Taylor Drive, Northam, Bideford, Devon, EX394
£1,27504/242.28 miTaw Meadow Crescent, Fremington, Barnstaple, Devon, EX313
£86003/242.31 miWindsor Road, Bideford3
£86004/242.34 miWindsor Road, Bideford3
£92507/242.34 mi-3
£80005/242.35 miNorth Street, Bideford, Devon2
£82504/242.46 miFore Street, Bideford, Devon2

Local Area Statistics

Population in EX39

37,175

Town centre distance

3.60 miles away

Nearest school

0.10 miles away

Nearest train station

4.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £225,000

September 4, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • THREE BEDROOMS +
  • END TERRACE +
  • RURAL & SEASIDE VIEWS +
  • ENCLOSED REAR GARDEN +
  • IDEAL INVESTMENT OPPURTUNITY +
  • WALKING DISTANCE TO LOCAL AMENITIES AND BEACHFRONT +

5 Venn Close is situated in the sought-after village of Instow and is offered with no onward chain. In need of complete re-decoration this property would make somebody a lovely, family home and give someone the opportunity to put a personal stamp on it. Whilst being within walking distance of Instow’s sandy beach and all local amenities.

Entering the property into the hallway there is access to the large living room, which is light and airy and which has dual aspect windows flooding the room with natural light. There is a focal point fireplace and plenty of room for sizeable furniture, giving true potential.

From the hallway there is access to the dining room which again has potential to knock through to the kitchen and have an open plan kitchen / diner/. The kitchen plenty of space for base and eye level units and adjacent to this is a downstairs toilet and store room which potentially could be turned into a utility room.

Stairs ascend to the first floor where there are two doubles and a single bedroom, with the rear bedroom having fantastic views over the wonderful, Devon countryside and coastal views over the sea. Completing this floor is the wet room which comprises of a shower, WC and wash handbasin

To the outside there are front and rear gardens which are laid to lawn and have mature shrubs and trees.
Driving from Bideford town on the A39, take the left filter lane just after crossing the new bridge across the River Torridge and follow the signs to Instow. The main road through the village is called Anstey Way. Continuing on Anstey Way you will head past the Royal Marines military base and the layby until there is a right-hand turn onto Rectory Lane. Head halfway up the hill and you will find the property on the right hand side

Agent Details

Webbers Property Services, Bideford

01237 871237

Next Steps?

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