2 Bed Bungalow, Refurb/BRRR, Virginia Water, GU25 4BX, £525,000

The Lane, Virginia Water, Surrey, GU25 4BX - 1 views - 7 months ago

Under Offer
Refurb/BRRR
~86 m²
+5 photos

ValuationOvervalued

Sold Prices£281K - £675K
Sold Prices/m²£3.6K/m² - £8.8K/m²

 

 

Square Metres

~85.90 m²
Price/m²£6.1K/m²

Value Estimate

£498,671

 

 

End Value (After Refurb)

£516,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£41,200

Refurb Costs

£42,119

Bridging Loan Interest

£13,781

Total Cash In

£230,100

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£516,250

Mortgage (After Refinance)

£387,188

Mortgage LTV

75%

Cash Left In

£230,100

Equity

£129,063

Rent Range

£1,250 - £2,395

Rent Estimate

£1,840

Running Costs/mo

£2,001

Cashflow/mo

£-161

Cashflow/yr

£-1,935

Gross Yield

4%

Local Sold Prices

51 sold prices from £281K to £675K, average is £382K. £3.6K/m² to £8.8K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£495K03/230.26 mi330, Stroude Road, Virginia Water, Surrey GU25 4DB2
£432K02/210.26 mi360, Stroude Road, Virginia Water, Surrey GU25 4DB2
£462K12/210.49 mi5, Irvine Place, Virginia Water, Surrey GU25 4DQ2
£388K04/210.51 mi22, The Orchard, Virginia Water, Surrey GU25 4DT2
£425K08/220.51 mi24, The Orchard, Virginia Water, Surrey GU25 4DT2
£300K11/210.87 mi6, Bourne Meadow, Egham, Surrey TW20 8QH2
£465K10/230.93 miBeggars Roost, Green Road, Thorpe, Egham, Surrey TW20 8QS2
£400K03/230.97 mi9, Western Avenue, Egham, Surrey TW20 8QB2
£675K08/211.05 miElter Cottage, Christchurch Road, Virginia Water, Surrey GU25 4PT2
£675K08/211.05 miElter Cottage, Christchurch Road, Virginia Water, Surrey GU25 4PT2
£365K10/231.32 mi29, Warwick Avenue, Egham, Surrey TW20 8LW2
£380K10/231.32 mi7, Warwick Avenue, Egham, Surrey TW20 8LW2
£300K12/201.33 mi78, Warwick Avenue, Egham, Surrey TW20 8LT2
£380.8K08/231.33 mi64, Warwick Avenue, Egham, Surrey TW20 8LT2
£380.8K08/231.33 mi64, Warwick Avenue, Egham, Surrey TW20 8LT2
£380K03/211.35 mi37, Larksfield, Englefield Green, Egham, Surrey TW20 0RB2
£365K05/211.36 mi107, The Crescent, Egham, Surrey TW20 9PN2
£440K12/221.36 mi57, Clarence Street, Egham, Surrey TW20 9QY2
£437.5K04/231.37 mi7, Thorncroft, Englefield Green, Egham, Surrey TW20 0SB2
£427.5K01/231.37 mi40, The Crescent, Egham, Surrey TW20 9PH2
£355K01/211.43 mi13, South Road, Englefield Green, Egham, Surrey TW20 0RL2
£355K03/231.43 mi4a, South Road, Englefield Green, Egham, Surrey TW20 0RL2
£320.5K04/231.43 mi7, North Street, Egham, Surrey TW20 9RP2
£395K09/231.43 mi5, North Street, Egham, Surrey TW20 9RP2
£430K01/241.44 mi65, Larksfield, Englefield Green, Egham, Surrey TW20 0RA2
£442.5K03/231.46 mi38, Rusham Road, Egham, Surrey TW20 9LP2
£325K04/211.46 mi130, Warwick Avenue, Egham, Surrey TW20 8LS2
£362K12/221.46 mi113, Warwick Avenue, Egham, Surrey TW20 8LR2
£410K09/231.46 mi95, Warwick Avenue, Egham, Surrey TW20 8LR2
£378K05/211.46 mi7, Alexandra Road, Englefield Green, Egham, Surrey TW20 0RP2
£472K10/231.47 mi27, Harvest Road, Englefield Green, Egham, Surrey TW20 0QS2
£375K08/231.49 mi12, Ravenfield, Englefield Green, Egham, Surrey TW20 0TW2
£365K11/201.49 mi14, Ravenfield, Englefield Green, Egham, Surrey TW20 0TW2
£382K02/211.49 mi29, Fitzrobert Place, Egham, Surrey TW20 9JS2
£380K08/231.49 mi10, Fitzrobert Place, Egham, Surrey TW20 9JS2
£400K09/231.49 mi21, Fitzrobert Place, Egham, Surrey TW20 9JS2
£305K12/201.49 mi15, Fitzrobert Place, Egham, Surrey TW20 9JS2
£330K03/241.49 mi2, Albert Road, Englefield Green, Egham, Surrey TW20 0RQ2
£380K01/211.49 mi43, Alexandra Road, Englefield Green, Egham, Surrey TW20 0RR2
£281K08/231.49 mi21b, Queens Road, Egham, Surrey TW20 9RS2
£417.5K02/211.49 mi25, North Street, Egham, Surrey TW20 9QX2
£344.5K01/211.49 mi12, Derwent Road, Egham, Surrey TW20 8JP2
£325K03/211.49 mi33, Derwent Road, Egham, Surrey TW20 8JP2
£395K04/241.49 mi32, Derwent Road, Egham, Surrey TW20 8JP2
£355K05/211.52 mi108, Warwick Avenue, Egham, Surrey TW20 8LS2
£382K02/211.52 mi29, Fitzrobert Place, Egham, Surrey TW20 9JS2
£350K12/201.53 mi13, Middle Hill, Egham, Surrey TW20 0JQ2
£385K02/231.54 mi4, Stoneylands Road, Egham, Surrey TW20 9QR2
£425K04/231.56 miSpring Time, Middle Hill, Egham, Surrey TW20 0JL2
£425K03/211.58 mi50a, Victoria Street, Englefield Green, Egham, Surrey TW20 0QX2
£500K03/231.58 mi13, Limes Road, Egham, Surrey TW20 9QT2

Local Rents

35 rents from £1.3K/mo to £2.4K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,65004/240.18 miStroude Road, Virginia Water, Surrey, GU252
£2,39504/240.21 miHolloway Drive, Virginia Water, Surrey, GU252
£2,39512/240.21 miGillespie House, Holloway Drive, Virginia Water, Surrey, GU252
£2,39504/240.21 miGillespie House, Virginia Water2
£2,39505/240.21 miVirginia Park Virginia Water GU252
£2,39504/240.21 miGillespie House, Holloway Drive, Virginia Water2
£2,25004/240.22 miVirginia Water, Surrey, GU252
£1,85004/240.23 miVirginia Water, Surrey, GU252
£2,25004/240.23 miVirginia Water, Surrey2
£2,39504/240.23 miGillespie House, Holloway Drive, Virginia Water, Surrey, GU252
£2,05004/240.24 miThe Grange, Holloway Drive, Virginia Water, GU25 4ST2
£2,39512/240.25 miVirginia Water, Surrey, GU252
£2,39512/240.29 miGillespie House, Virginia Water2
£1,55004/240.4 miTrotsworth Court, Christchurch Road, Virginia Water, Surrey, GU252
£1,45004/240.4 miTrotsworth Court, Virginia Water, GU252
£1,45005/240.4 miTrotsworth Court, Virginia Water, GU252
£1,45004/240.4 miChristchurch Road, Virginia Water2
£1,50004/240.41 miVirginia Water, Surrey, GU252
£1,50004/240.44 miChristchurch Road, Virginia Water, Surrey, GU252
£2,25004/240.45 miPalmerstone Court, St Ann's Park, Virginia Water GU25 4TF2
£1,45004/250.46 mi-2
£1,40004/240.47 miStation Parade, Virginia Water, Surrey, GU252
£1,35004/240.48 miVirginia Water, Surrey2
£1,60003/240.49 miIrvine Place, Virginia Water, Surrey, GU252
£1,45004/240.49 miIrvine Place, Virginia Water, GU25 4DQ2
£1,55001/250.49 mi-2
£2,20002/250.49 mi-2
£1,25002/250.49 mi-2
£1,50004/240.5 miVirginia Water, Surrey, GU252
£1,85004/240.5 miVirginia Water, Surrey2
£1,85004/240.5 miThe Orchard, Virginia Water, GU252
£1,85005/240.5 mi-2
£1,35005/240.52 miVirginia Water2
£1,35012/240.52 miVirginia Water2
£1,99004/250.53 mi-2

Local Area Statistics

Population in GU25

5,712

Town centre distance

1.01 miles away

Nearest school

0.60 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-45%

Sales demand

Buyer's market

Capital growth (5yrs)

-7%

Property History

Listed for £525,000

September 20, 2024

Floor Plans

Description

  • Detached bungalow convenient for Virginia Water Station +
  • Situated on the fringes of Virginia Water village +
  • Potential to extend subject to planning +
  • No onward chain +
  • Driveway parking +
  • EPC Rating = E +

A detached bungalow conveniently situated for Virginia Water village and station.

Description

Fern Cottage is a detached bungalow situated on the fringes of Virginia Water village with potential to extend (STPP) and offered for sale with no onward chain.

The accommodation is in need of some updating and comprises a spacious entrance hall, a sitting room, kitchen and dining room with doors opening to the rear garden. There are two double bedrooms and a family bathroom.

Outside, to the front there is driveway parking for several cars and access to the rear garden which is mainly laid to lawn with a patio area, mature trees and shrub borders.

Location

Fern Cottage is situated on the fringes of Virginia Water Village with its shops for day to day needs, restaurants and mainline station providing services to London (Waterloo) approximately 0.8 miles.

By road Virginia Water is convenient for Sunningdale approximately 4.3 miles, Ascot approximately 6.1 miles, Windsor approximately 7.2 miles, Camberley approximately 10.8 miles, Guildford approximately 14.8 miles, Heathrow Airport approximately 6.3 miles, M3 (junction 3) approximately 7.9 miles, M25 (junction 13) approximately 7.7 miles. Al distances are approximate.

There are a number of renowned schools in the area including Papplewick, LVS, Hall Grove, Bishopsgate, Trumps Green Infant School, Christchurch C of E School, The Marist Schools and St John’s Beaumont. Eton and Wellington colleges area accessible as are the international options of TASIS and ACS Egham.

Sporting facilities in the area include golf at Sunningdale, Wentworth, Swinley Forest and The Royal Berkshire, racing at Ascot and Windsor and polo at Smith's Lawn.

Highlights of the local calendar include Royal Ascot, the annual PGA Championship at Wentworth Gold Club and the Cartier International Polo at Smith’s Lawn.

The picturesque Virginia Water Lake and Savill Gardens are both accessible, with horse riding, walking and cycling at Chobham Common and Windsor Great Park.

Health clubs in the area include Coworth Park, Pennyhill Park Health Club & Spa, Wentworth Club and the MacDonald Berystede.

Theatres and cinemas in the area include Cineworld Bracknell, New Victoria Theatre Woking, Yvonne Arnaud Theatre Guildford and Theatre Royal Windsor.

Square Footage: 924 sq ft

Additional Info

Services: The property had mains gas, water, drainage and electric.

Tenure: Freehold

Local Authority: Runnymede Borough Council

Tax Band: E

Fixtures and Fittings: All items of fixtures and fittings, including carpets, curtains/blinds, light fittings and kitchen equipment are specifically excluded unless mentioned.

Energy Performance: A copy of the full Energy Performance Certificate is available upon request.

Viewing: Strictly by appointment with Savills.

Agent Details

Savills, Sunningdale

01344 595565

Next Steps?

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