3 Bed Detached House, Refurb/BRRR, Staines, TW18 2LJ, £750,000

Penton Road, Staines-upon-Thames, TW18 2LJ - 7 months ago

Refurb/BRRR
~111 m²
+8 photos

ValuationOvervalued

Sold Prices£320K - £840K
Sold Prices/m²£4.3K/m² - £10.7K/m²

 

 

Square Metres

~111.30 m²
Price/m²£6.7K/m²

Value Estimate

£586,581

 

 

End Value (After Refurb)

£702,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£48,700

Refurb Costs

£58,881

Bridging Loan Interest

£19,688

Total Cash In

£316,519

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£702,500

Mortgage (After Refinance)

£526,875

Mortgage LTV

75%

Cash Left In

£316,519

Equity

£175,625

Rent Range

£850 - £4,500

Rent Estimate

£2,590

Running Costs/mo

£2,733

Cashflow/mo

£-143

Cashflow/yr

£-1,720

Gross Yield

4%

Local Sold Prices

51 sold prices from £320K to £840K, average is £485K. £4.3K/m² to £10.7K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£515K02/240 mi104, Penton Road, Staines-upon-thames, Surrey TW18 2LJ3
£423.5K02/210.05 mi27, St Olaves Close, Staines, Surrey TW18 2LH3
£420K09/210.05 mi23, St Olaves Close, Staines-upon-thames, Surrey TW18 2LH3
£540K02/210.13 mi77, Avondale Avenue, Staines, Surrey TW18 2NG3
£740K02/230.14 mi65, Penton Road, Staines-upon-thames, Surrey TW18 2LB3
£695K06/210.16 mi38, Penton Avenue, Staines, Surrey TW18 2ND3
£490K06/210.16 mi8, Meadway, Staines-upon-thames, Surrey TW18 2PP3
£450K11/220.19 mi55, Garrick Close, Staines-upon-thames, Surrey TW18 2PH3
£490K06/210.2 mi8, Meadway, Staines-upon-thames, Surrey TW18 2PP3
£685K10/230.21 mi6, Carlyle Road, Staines-upon-thames, Surrey TW18 2PU3
£650K12/230.21 mi8, Carlyle Road, Staines-upon-thames, Surrey TW18 2PU3
£595K12/200.21 mi84b, Thames Side, Staines, Surrey TW18 2HF3
£618K12/200.21 mi26, Wheatsheaf Lane, Staines-upon-thames, Surrey TW18 2PE3
£343K12/220.22 mi121, Avondale Avenue, Staines-upon-thames, Surrey TW18 2NE3
£380K03/210.23 mi29, Garrick Close, Staines, Surrey TW18 2PQ3
£398K04/210.23 mi19, Garrick Close, Staines, Surrey TW18 2PQ3
£420K09/220.23 mi28, Garrick Close, Staines-upon-thames, Surrey TW18 2PQ3
£515K05/210.24 mi19, Ruskin Road, Staines, Surrey TW18 2PX3
£465K01/210.27 mi39, Wheatsheaf Lane, Staines-upon-thames, Surrey TW18 2PG3
£475K12/200.29 mi144, Laleham Road, Staines, Surrey TW18 2NX3
£840K05/210.35 miRutomi, Temple Gardens, Staines-upon-thames, Surrey TW18 3NQ3
£490K12/200.37 mi66, Commercial Road, Staines-upon-thames, Surrey TW18 2QL3
£470K04/230.38 mi18, Commercial Road, Staines-upon-thames, Surrey TW18 2QL3
£582K11/200.38 mi7, Grosvenor Road, Staines, Surrey TW18 2RN3
£705K06/210.38 mi17, Grosvenor Road, Staines, Surrey TW18 2RN3
£485K06/210.4 mi7b, Riverfield Road, Staines-upon-thames, Surrey TW18 2EE3
£425K05/210.41 mi50, Parkside Place, Staines, Surrey TW18 2QZ3
£580K10/230.42 miCrofters, Green Lane, Staines-upon-thames, Surrey TW18 3LX3
£510K06/230.45 mi47, Chertsey Lane, Staines-upon-thames, Surrey TW18 3LA3
£500K04/210.45 mi99, Grosvenor Road, Staines-upon-thames, Surrey TW18 2RP3
£425K07/210.45 mi3, Clyve Way, Staines, Surrey TW18 3LB3
£450K08/230.45 mi15, Clyve Way, Staines-upon-thames, Surrey TW18 3LB3
£445K10/230.49 mi46, Langley Road, Staines-upon-thames, Surrey TW18 2EH3
£445K10/230.49 mi46, Langley Road, Staines-upon-thames, Surrey TW18 2EH3
£640K06/210.5 mi52, Knightsbridge Crescent, Staines-upon-thames, Surrey TW18 2QR3
£542.5K06/210.51 mi48, Knightsbridge Crescent, Staines-upon-thames, Surrey TW18 2QR3
£430K06/210.51 mi22, Westbourne Road, Staines, Surrey TW18 1HF3
£601K03/230.52 mi204, Staines Road, Staines-upon-thames, Surrey TW18 2RT3
£430K06/210.53 mi22, Westbourne Road, Staines, Surrey TW18 1HF3
£435K03/210.53 mi58, Nursery Gardens, Staines, Surrey TW18 1ET3
£390K06/210.53 mi28, Edgell Road, Staines, Surrey TW18 2ES3
£490K12/200.53 mi26, Westbourne Road, Staines, Surrey TW18 1HF3
£382K11/200.54 mi62, Nursery Gardens, Staines-upon-thames, Surrey TW18 1ET3
£390K11/200.54 mi40, Nursery Gardens, Staines-upon-thames, Surrey TW18 1ET3
£402.5K06/210.54 mi60, Nursery Gardens, Staines-upon-thames, Surrey TW18 1ET3
£510K05/230.54 mi38, Nursery Gardens, Staines-upon-thames, Surrey TW18 1ET3
£405.5K06/210.55 mi99, Nursery Gardens, Staines, Surrey TW18 1EL3
£472.5K08/230.55 mi111, Nursery Gardens, Staines-upon-thames, Surrey TW18 1EL3
£320K02/230.56 mi78b, Gresham Road, Staines-upon-thames, Surrey TW18 2AE3
£540K02/230.57 mi7, Beehive Road, Staines-upon-thames, Surrey TW18 2AH3
£712K12/220.57 mi236, Worple Road, Staines-upon-thames, Surrey TW18 1HE3

Local Rents

44 rents from £850/mo to £4.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,25001/250.12 mi-3
£2,00010/240.17 mi-3
£4,50010/240.36 miRiverside, Staines-Upon-Thames3
£2,00010/240.44 mi-3
£2,57510/240.47 miPark Avenue, Staines-Upon-Thames, Middlesex, TW183
£4,50001/250.54 mi-3
£2,25003/250.67 mi-3
£2,35003/250.67 mi-3
£2,30010/240.78 miWorple Avenue, Staines-upon-Thames, Surrey, TW183
£2,75010/240.78 mi-3
£2,40010/240.8 mi-3
£2,20011/240.8 mi-3
£2,50002/250.8 mi-3
£2,20010/240.87 mi-3
£1,85010/240.87 miBrightside Avenue, TW183
£1,85010/240.87 miBrightside Avenue, Staines-upon-Thames, Surrey, TW183
£2,30002/240.89 mi-3
£2,20004/250.91 mi-3
£2,25010/240.96 miEgham3
£4,35010/240.97 mi-3
£4,35010/240.97 mi-3
£4,35001/250.97 mi-3
£3,65004/250.97 mi-3
£1,59010/240.99 miKenilworth Gardens, Staines-Upon-Thames, Surrey, TW183
£3,00010/241 miFairfield Avenue, Staines, Surrey, TW183
£3,00010/241 miKooky Staines, Fairfield Avenue, Staines, TW183
£2,30010/241.01 miRoundway, Egham, TW203
£2,30010/241.01 mi-3
£2,20004/251.07 mi-3
£1,85004/251.08 mi-3
£85004/251.1 mi-3
£1,85004/251.11 mi-3
£1,69511/241.11 mi-3
£1,70010/241.11 miWaters Drive, Staines-Upon-Thames, Middlesex, TW183
£2,30010/241.12 mi-3
£2,20010/241.13 mi-3
£2,80010/241.16 mi-3
£2,30002/251.17 mi-3
£2,50001/241.18 mi-3
£2,10003/251.18 mi-3
£2,45010/241.19 miLondon Road, Staines-upon-Thames, Surrey, TW183
£2,12010/241.2 mi-3
£2,10003/251.2 mi-3
£1,80010/241.22 miShaftesbury Crescent, Staines-Upon-Thames3

Local Area Statistics

Population in TW18

25,458

Population in Staines

41,638

Town centre distance

0.62 miles away

Nearest school

0.40 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £750,000

September 20, 2024

Sold for £385,000

2014

Floor Plans

Description

  • Three-Bedroom Detached House +
  • Requiring Modernisation Throughout +
  • Potential To Extend STPP +
  • Attached Garage +
  • Off-Street Parking +
  • Large Rear Garden +
  • Large Reception Room And Dining Room +
  • Downstairs WC +
  • Gas Central Heating +
  • No Onward Chain +

A rarely available three-bedroom detached house situated on this popular tree-lined road in Staines. Requiring modernisation throughout, the property is conveniently situated for the River Thames and the many local surrounding amenities. The accommodation briefly comprises of entrance hallway, three bedrooms, large reception room, dining room, kitchen, landing, first floor bathroom and downstairs WC. Occupying approximately 95 square meters of internal living space, the property further boasts gas central heating, attached garage, off-street parking, large rear garden and potential to extend STPP. No onward chain. Sole Agent.

Agent Details

S J Smith Estate Agents, Staines

01784 771179

Next Steps?

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