4 Bed Bungalow, Refurb/BRRR, Egham, TW20 8QJ, £1,250,000

Hurst Lane, Egham, Surrey, TW20 8QJ - 1 views - 7 months ago

Refurb/BRRR

ROI: 1%

~129 m²

+5 photos

ValuationOvervalued

Sold Prices	£475K - £2.2M
Sold Prices/m²	£3.6K/m² - £8.8K/m²

Square Metres	~129.26 m²
Price/m²	£9.7K/m²
Value Estimate	£640,411£640,411

End Value (After Refurb)	£1,050,000£1,050,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£312,500£312,500
Stamp Duty & Legal Fees	£104,950£104,950
Refurb Costs	£63,934£63,934
Bridging Loan Interest	£32,813£32,813
Total Cash In	£515,946£515,946

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£1,050,000£1,050,000
Mortgage (After Refinance)	£787,500£787,500
Mortgage LTV	75%75%
Cash Left In	£515,946£515,946
Equity	£262,500£262,500
Rent Range	£2,150 - £9,250£2,150 - £9,250
Rent Estimate	£4,851
Running Costs/mo	£4,271£4,271
Cashflow/mo	£580£580
Cashflow/yr	£6,955£6,955
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

49 sold prices from £475K to £2.2M, average is £935K. £3.6K/m² to £8.8K/m², average is £5.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£545K	07/21	0.08 mi	Timbers, Hurst Lane, Egham, Surrey TW20 8QJ	-	-	4	Terraced House
£685K	06/21	0.3 mi	387, Stroude Road, Virginia Water, Surrey GU25 4BY	£4,053	169	4	Semi-Detached House
£745K	11/22	0.31 mi	1, The Lane, Virginia Water, Surrey GU25 4BX	-	-	4	Semi-Detached House
£990K	08/22	0.41 mi	21, Pinel Close, Virginia Water, Surrey GU25 4SP	£6,018	165	4	Terraced House
£950K	07/22	0.41 mi	16, Pinel Close, Virginia Water, Surrey GU25 4SP	£5,975	159	4	Terraced House
£1.0M	03/21	0.41 mi	Wharfedale, Luddington Avenue, Virginia Water, Surrey GU25 4DF	£5,366	191	4	Detached House
£1.1M	01/22	0.41 mi	5, Pinel Close, Virginia Water, Surrey GU25 4SP	-	-	4	Terraced House
£910K	06/22	0.41 mi	2, Pinel Close, Virginia Water, Surrey GU25 4SP	£5,723	159	4	Terraced House
£925K	06/21	0.41 mi	13, Pinel Close, Virginia Water, Surrey GU25 4SP	£5,539	167	4	Terraced House
£935K	07/23	0.41 mi	15, Pinel Close, Virginia Water, Surrey GU25 4SP	£5,807	161	4	Terraced House
£923K	06/21	0.44 mi	31, Chapel Square, Virginia Water, Surrey GU25 4SZ	£5,879	157	4	Terraced House
£950K	03/23	0.44 mi	24, Chapel Square, Virginia Water, Surrey GU25 4SZ	£6,041	157	4	Terraced House
£580K	12/20	0.44 mi	Waterside, Green Road, Egham, Surrey TW20 8QW	£4,567	127	4	Semi-Detached House
£925K	06/21	0.45 mi	13, Pinel Close, Virginia Water, Surrey GU25 4SP	£5,539	167	4	Terraced House
£1.0M	03/22	0.46 mi	21, Cypress Court, Virginia Water, Surrey GU25 4TB	-	-	4	Terraced House
£1.6M	08/21	0.46 mi	26, Holloway Drive, Virginia Water, Surrey GU25 4SY	-	-	4	Terraced House
£1.1M	03/21	0.47 mi	3, Sandy Lane, Virginia Water, Surrey GU25 4TA	£4,889	225	4	Terraced House
£1.4M	11/21	0.47 mi	33, Holloway Drive, Virginia Water, Surrey GU25 4SY	£6,448	221	4	Terraced House
£991.5K	10/21	0.48 mi	31, Holloway Drive, Virginia Water, Surrey GU25 4SY	£6,120	162	4	Terraced House
£1.0M	11/22	0.48 mi	31, Holloway Drive, Virginia Water, Surrey GU25 4SY	£6,451	162	4	Terraced House
£975K	05/21	0.48 mi	1, Holloway Drive, Virginia Water, Surrey GU25 4SY	£5,769	169	4	Terraced House
£930K	10/20	0.48 mi	6, Holloway Drive, Virginia Water, Surrey GU25 4SY	£5,284	176	4	Terraced House
£1.4M	11/21	0.48 mi	33, Holloway Drive, Virginia Water, Surrey GU25 4SY	£6,448	221	4	Terraced House
£975K	05/21	0.48 mi	1, Holloway Drive, Virginia Water, Surrey GU25 4SY	£5,769	169	4	Terraced House
£955K	06/21	0.48 mi	5, Cypress Court, Virginia Water, Surrey GU25 4TB	£5,753	166	4	Terraced House
£980K	12/21	0.51 mi	16, Cypress Court, Virginia Water, Surrey GU25 4TB	£4,828	203	4	Terraced House
£970K	01/21	0.56 mi	7, Trotsworth Avenue, Virginia Water, Surrey GU25 4AL	£8,584	113	4	Detached House
£1.2M	02/21	0.56 mi	9, Trotsworth Avenue, Virginia Water, Surrey GU25 4AL	£5,320	219	4	Detached House
£905K	06/21	0.57 mi	Meadowside, The Drive, Virginia Water, Surrey GU25 4BP	£4,905	184	4	Semi-Detached House
£905K	06/21	0.57 mi	Meadowside, The Drive, Virginia Water, Surrey GU25 4BP	£4,905	184	4	Semi-Detached House
£475K	04/21	0.59 mi	3, Bourne Meadow, Egham, Surrey TW20 8QH	£4,439	107	4	Semi-Detached House
£647.5K	02/23	0.6 mi	Brackley, Rosemary Lane, Egham, Surrey TW20 8QE	-	-	4	Semi-Detached House
£1.3M	01/23	0.6 mi	The Hollies, Sandhills Lane, Virginia Water, Surrey GU25 4BW	£5,586	237	4	Detached House
£650K	06/21	0.6 mi	Shelton, Rosemary Lane, Egham, Surrey TW20 8QE	£4,248	153	4	Detached House
£1.6M	04/23	0.62 mi	15, Gorse Hill Lane, Virginia Water, Surrey GU25 4AJ	-	-	4	Detached House
£642.5K	08/21	0.66 mi	10, Western Avenue, Egham, Surrey TW20 8QB	£3,991	161	4	Detached House
£800K	01/21	0.67 mi	22, Western Avenue, Egham, Surrey TW20 8QB	£4,000	200	4	Semi-Detached House
£1.9M	10/22	0.71 mi	Fair Ways, Heath Rise, Virginia Water, Surrey GU25 4AX	-	-	4	Detached House
£525K	09/23	0.73 mi	9, Fleetway, Egham, Surrey TW20 8UA	£5,412	97	4	Semi-Detached House
£1.4M	07/21	0.86 mi	Carron, Christchurch Road, Virginia Water, Surrey GU25 4RW	£7,143	189	4	Detached House
£1.4M	12/20	0.9 mi	Hunters Moon, Morella Close, Virginia Water, Surrey GU25 4AT	£8,144	167	4	Detached House
£2.2M	05/21	0.9 mi	11, Nuns Walk, Virginia Water, Surrey GU25 4RT	£7,237	304	4	Terraced House
£675K	08/21	0.92 mi	11, Bourne Road, Virginia Water, Surrey GU25 4EX	£8,810	77	4	Semi-Detached House
£675K	08/21	0.92 mi	11, Bourne Road, Virginia Water, Surrey GU25 4EX	£8,810	77	4	Terraced House
£705K	06/21	0.94 mi	10, Trumpsgreen Avenue, Virginia Water, Surrey GU25 4EW	£5,301	133	4	Semi-Detached House
£705K	06/21	0.94 mi	10, Trumpsgreen Avenue, Virginia Water, Surrey GU25 4EW	£5,301	133	4	Semi-Detached House
£825K	11/20	0.94 mi	6, Trumpsgreen Avenue, Virginia Water, Surrey GU25 4EW	£5,000	165	4	Semi-Detached House
£660K	07/21	0.95 mi	14, Bourne Road, Virginia Water, Surrey GU25 4EX	£3,626	182	4	Semi-Detached House
£705K	10/21	0.97 mi	Tiverton, Lyne Close, Virginia Water, Surrey GU25 4EA	-	-	4	Detached House

Local Rents

34 rents from £2.1K/mo to £9.3K/mo, average is £5K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,500	10/24	0.09 mi	Egham, Surrey, TW20	5	Flat
£3,250	03/25	0.15 mi	-	4	Bungalow
£2,150	05/24	0.29 mi	Stroude Road, Virginia Water, Surrey, GU25	3	Semi-Detached House
£3,950	04/24	0.3 mi	Stroude Road Virginia Water GU25	4	Detached House
£2,150	05/24	0.31 mi	Virginia Water, Surrey, GU25	3	Semi-Detached House
£5,500	04/24	0.33 mi	Virginia Water, Surrey, GU25	5	Detached House
£5,000	12/24	0.41 mi	Virginia Park, Surrey	4	Terraced House
£5,500	04/24	0.41 mi	Luddington Avenue Virginia Water GU25	5	Detached House
£5,500	04/24	0.41 mi	Luddington Avenue, Virginia Water, Surrey, GU25	5	Detached House
£4,500	05/24	0.41 mi	Pinel Close, Virginia Park, Virginia Water, Surrey, GU25 4SP	4	Terraced House
£4,000	04/24	0.43 mi	Lambly Hill, Virginia Water, GU25	4	Detached House
£4,000	03/24	0.43 mi	-	4	Detached House
£3,800	04/24	0.44 mi	Chapel Square, Virginia Water, GU25	3	Flat
£5,000	04/24	0.47 mi	Sandy Lane, St. Ann's Park, Virginia Water, Surrey GU25 4TA	4	Terraced House
£5,000	04/24	0.47 mi	Sandy Lane, St Ann's Park, Virginia Water, GU25 4TA	5	Terraced House
£5,000	04/24	0.47 mi	Virginia Water, Surrey	5	Terraced House
£4,250	04/24	0.47 mi	St Anns Park, Virginia Water	5	Flat
£6,000	04/24	0.48 mi	Virginia Park, Virginia Water	3	Flat
£4,950	04/24	0.48 mi	Crossland House, Holloway Drive, Virginia Park, GU25 4SY	5	Terraced House
£3,750	04/24	0.48 mi	Virginia Park Virginia Water GU25	4	House
£4,250	04/24	0.49 mi	Cypress Court, St Ann's Park, Virginia Water GU25 4TB	4	Terraced House
£7,000	04/24	0.51 mi	Aspen Court, St Ann's Park, Virginia Water, GU25 4TD	5	Detached House
£3,900	10/24	0.54 mi	Thorpe Green, Egham	4	Detached House
£7,000	04/24	0.54 mi	St. Ann's Park, GU25 4TG	5	Detached House
£9,250	04/24	0.55 mi	Trotsworth Avenue, Wentworth Estate, GU25	4	Detached House
£2,325	04/24	0.55 mi	Sandhills Lane, Virginia Water, Surrey, GU25	3	Semi-Detached House
£9,250	04/24	0.56 mi	Trotsworth Avenue, Wentworth, Virginia Water, Surrey, GU25 4AN	4	Detached House
£7,000	03/24	0.56 mi	Ridgeway, St Ann's Park, Virginia Water, GU25 4TE	6	Detached House
£5,950	04/24	0.57 mi	Lime Tree Walk, Virginia Park, Surrey, GU25 4SW	4	Detached House
£5,000	04/24	0.57 mi	Lime Tree Walk, Virginia Park	4	Detached House
£5,500	04/24	0.57 mi	Lime Tree Walk, Virginia Park, GU25	4	Detached House
£5,500	05/24	0.57 mi	Lime Tree Walk, Virginia Park, GU25	4	Detached House
£2,325	04/24	0.58 mi	Sandhills Lane, Virginia Water, Surrey, GU25	3	Semi-Detached House
£2,325	04/24	0.59 mi	Virginia Water, Surrey, GU25	3	Semi-Detached House

Local Area Statistics

Population in TW20	24,53624,536
Population in Egham	24,93124,931
Town centre distance	0.93 miles away0.93 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	0.66 miles away0.66 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-32%-32%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £1,250,000

September 17, 2024

Description

FOUR BEDROOM BUNGALOW +
CURRENT LIVERY BUSINESS +
2.33 ACRE PLOT +
SECLUDED RURAL LOCATION +
STABLES/WORKSHOPS/GARAGES +
SINGLE TRACK LANE +
CLOSE TO THORPE GREEN +
ONE MILE FROM STATION +
BETWIXT EGHAM & VIRGINIA WATER +
IN NEED OF RENOVATION +

Positioned on a 2.33 acre plot, a large four bedroom detached bungalow in need of renovation. The plot consists of a current livery business with stables, workshops, double garage and additional stables. This property is approached off a single-track lane and is ideal for Equestrian use or secluded living as a small- holding. Access to Egham High Street, Virginia Water and Thorpe Green is close at hand. Royal Windsor Great Park and the M25/Heathrow are a short drive away.

Agent Details

Nevin and Wells Residential, Egham

01784 777975

Next Steps?

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

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