3 Bed Bungalow, Refurb/BRRR, Northallerton, DL7 8FD, £305,000

5 Honeysuckle Close, Northallerton, DL7 8FD - 6 months ago

Refurb/BRRR
~89 m²
+19 photos

ValuationOvervalued

Sold Prices£170K - £385K
Sold Prices/m²£1.9K/m² - £5.3K/m²

 

 

Square Metres

~88.82 m²
Price/m²£3.4K/m²

Value Estimate

£245,353

 

 

End Value (After Refurb)

£287,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£76,250

Stamp Duty & Legal Fees

£19,200

Refurb Costs

£35,468

Bridging Loan Interest

£8,006

Total Cash In

£140,675

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£287,500

Mortgage (After Refinance)

£215,625

Mortgage LTV

75%

Cash Left In

£140,675

Equity

£71,875

Rent Range

£700 - £1,400

Rent Estimate

£873

Running Costs/mo

£1,093

Cashflow/mo

£-220

Cashflow/yr

£-2,640

Gross Yield

3%

Local Sold Prices

50 sold prices from £170K to £385K, average is £240K. £1.9K/m² to £5.3K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£250K09/200.03 mi21, Honeysuckle Close, Northallerton, North Yorkshire DL7 8FD3
£234.9K02/230.05 mi19, Grassington Avenue, Northallerton, North Yorkshire DL7 8SY3
£192K07/210.07 mi32, Helmsley Way, Northallerton, North Yorkshire DL7 8SX3
£263K05/230.1 mi7, Penhill Court, Northallerton, North Yorkshire DL7 8ST3
£287.5K11/220.13 mi12, Coverham Close, Northallerton, North Yorkshire DL7 8SS3
£225K10/200.14 mi18, Thistle Close, Northallerton, North Yorkshire DL7 8FF3
£225K09/210.18 mi17, Bransdale Avenue, Romanby, Northallerton, North Yorkshire DL7 8FY3
£209.9K12/200.18 mi29, Bransdale Avenue, Romanby, Northallerton, North Yorkshire DL7 8FY3
£249K06/210.2 mi14, Hambleton Avenue, Northallerton, North Yorkshire DL7 8SW3
£257.5K02/210.2 mi24, Hambleton Avenue, Northallerton, North Yorkshire DL7 8SW3
£239.9K04/210.2 mi9, Hambleton Avenue, Northallerton, North Yorkshire DL7 8SW3
£333.5K04/230.2 mi20, Hambleton Avenue, Northallerton, North Yorkshire DL7 8SW3
£275K05/230.24 mi27, Boroughbridge Road, Northallerton, North Yorkshire DL7 8BG3
£228K11/200.24 mi16, Farndale Avenue, Northallerton, North Yorkshire DL7 8SN3
£349K06/210.3 mi15, Harewood Chase, Romanby, Northallerton, North Yorkshire DL7 8FX3
£210K03/230.31 mi14, Bilsdale Close, Romanby, Northallerton, North Yorkshire DL7 8FT3
£324K12/200.31 mi19, Lees Lane, Northallerton, North Yorkshire DL7 8DA3
£330K09/220.35 mi30, Broomfield Avenue, Northallerton, North Yorkshire DL7 8RG3
£170K01/230.38 mi28, The Fairway, Northallerton, North Yorkshire DL7 8BB3
£217.5K08/220.38 mi32, The Fairway, Northallerton, North Yorkshire DL7 8BB3
£265K01/210.38 mi39, The Close, Northallerton, North Yorkshire DL7 8BL3
£335K09/220.38 mi24, Broomfield Avenue, Northallerton, North Yorkshire DL7 8RG3
£235K05/230.39 mi84, Crestbrooke, Northallerton, North Yorkshire DL7 8YS3
£187K12/200.4 mi24, St James Road, Northallerton, North Yorkshire DL7 8HH3
£175K02/210.4 mi26, St James Road, Northallerton, North Yorkshire DL7 8HH3
£200K12/200.44 mi41, St James Drive, Northallerton, North Yorkshire DL7 8XL3
£234.9K07/220.44 mi52, Crestbrooke, Northallerton, North Yorkshire DL7 8YR3
£315K02/210.45 mi4, St Pauls Close, Northallerton, North Yorkshire DL7 8YN3
£195K12/210.46 mi33, Ainderby Gardens, Northallerton, North Yorkshire DL7 8GU3
£240K04/210.47 mi14, Crestbrooke, Northallerton, North Yorkshire DL7 8YR3
£225K05/230.48 mi17, Manor Green, Northallerton, North Yorkshire DL7 8BA3
£275K07/230.48 mi7, Thornley Avenue, Northallerton, North Yorkshire DL7 8RF3
£300K05/230.48 mi19, Thornley Avenue, Northallerton, North Yorkshire DL7 8RF3
£240K01/210.49 mi5, Mulgrave Drive, Northallerton, North Yorkshire DL7 8RS3
£289.9K06/210.5 mi64, Normanby Road, Northallerton, North Yorkshire DL7 8RW3
£235K05/230.5 mi44, Normanby Road, Northallerton, North Yorkshire DL7 8RW3
£219.5K09/210.51 mi45, Cleveland Drive, Northallerton, North Yorkshire DL7 8RU3
£250K09/220.51 mi5, Cleveland Drive, Northallerton, North Yorkshire DL7 8RU3
£385K05/230.51 mi3, Cleveland Drive, Northallerton, North Yorkshire DL7 8RU3
£187.5K10/200.52 mi12, St Paulinus Drive, Northallerton, North Yorkshire DL7 8JE3
£191K04/210.52 mi18, Ormesby Crescent, Northallerton, North Yorkshire DL7 8RP3
£227K08/210.52 mi2, Ormesby Crescent, Northallerton, North Yorkshire DL7 8RP3
£240K12/220.54 mi15, Ormesby Crescent, Northallerton, North Yorkshire DL7 8RP3
£188K01/210.56 mi14, Racecourse Lane, Northallerton, North Yorkshire DL7 8RD3
£285K12/220.57 mi112, Thirsk Road, Northallerton, North Yorkshire DL6 1PL3
£280K01/230.57 mi68, Thirsk Road, Northallerton, North Yorkshire DL6 1PL3
£250K09/210.57 mi5, Racecourse Lane, Northallerton, North Yorkshire DL7 8QZ3
£345K11/220.59 mi36, Racecourse Lane, Northallerton, North Yorkshire DL7 8RL3
£285K11/200.62 mi55, The Green, Romanby, Northallerton, North Yorkshire DL7 8NL3
£292.5K12/200.62 mi35, South Parade, Northallerton, North Yorkshire DL7 8SG3

Local Rents

10 rents from £700/mo to £1.4K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£80012/240.25 miFarndale Avenue, Northallerton3
£80012/240.25 miFarndale Avenue, Northallerton3
£82503/240.38 mi-3
£1,40012/240.68 miHatfield Road, Northallerton3
£1,10012/240.81 miMerchants Place, Northallerton, North Yorkshire, DL73
£70012/240.9 mi-3
£70008/240.9 mi-3
£80012/240.94 miGreenhill Crescent, Northallerton3
£70002/231.21 mi-3
£90012/241.24 miGoosecroft Lane, Northallerton3

Local Area Statistics

Population in DL7

16,065

Population in Northallerton

31,557

Town centre distance

1.05 miles away

Nearest school

0.40 miles away

Nearest train station

0.45 miles away

 

 

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Price changed to £305,000

January 15, 2025

Price changed to £310,000

December 26, 2024

Listed for £320,000

September 18, 2024

Floor Plans

Description

  • GARAGE +
  • GARDENS TO REAR +
  • THREE BEDROOMS +
  • CHAIN FREE +
  • OFF ROAD PARKING +
  • QUIET RESIDENTIAL AREA +

BEAUTIFULLY PRESENTED THREE BEDROOM DETAHCED BUNGALOW.

5 honeysuckle is an attractive 3 bedroom detached bungalow in a popular residential area of Northallerton. The property is well presented with scope for modernisation and boasts a driveway leading to a detached garage with an electric door and a well maintained rear garden with patio area and shed. The kitchen has light oak base and wall cupboards with glass display cabinets and granite effect worksurfaces. There is space and plumbing for a washing machine, fridge and currently houses a four ring Beko Gas Hob and electric oven beneath. The two double bedrooms are a good size and over look the attractive rear garden. The bathroom boasts a separate shower cubicle and bath. The living room is a great size with a feature electric fire place and plenty of space for a dining room table and a lovely bay window with a display ledge.

VIEWING
By appointment through the Agents – Northallerton Estate Agency – Tel. no. (01609) – 771959.

TENURE
Freehold with Vacant Possession on completion.

SERVICES
Mains water, gas, electric and drainage.

NYCC COUNCIL TAX BAND - D

Agent Details

Northallerton Estate Agency, Northallerton

01609 716730

Next Steps?

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