3 Bed Bungalow, Refurb/BRRR, Bideford, EX39 3AX, £267,500

41 Moreton Park Road, Bideford, Devon, EX39 3AX - 6 months ago

Refurb/BRRR
~111 m²
+18 photos

ValuationFair Value

Sold Prices£120K - £336K
Sold Prices/m²£1.6K/m² - £5K/m²

 

 

Square Metres

~110.70 m²
Price/m²£2.4K/m²

Value Estimate

£266,415

 

 

End Value (After Refurb)

£286,155

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,875

Stamp Duty & Legal Fees

£15,450

Refurb Costs

£44,877

Bridging Loan Interest

£7,022

Total Cash In

£135,974

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£286,155

Mortgage (After Refinance)

£214,616

Mortgage LTV

75%

Cash Released

£13,991

Cash Left In

£121,983

Equity

£71,539

Rent Range

£700 - £975

Rent Estimate

£875

Running Costs/mo

£1,089

Cashflow/mo

£-214

Cashflow/yr

£-2,571

Gross Yield

4%

Local Sold Prices

50 sold prices from £120K to £336K, average is £233K. £1.6K/m² to £5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£255K09/210.03 mi13, Moreton Avenue, Bideford, Devon EX39 3AY3
£183K12/200.12 mi61, Moreton Park Road, Bideford, Devon EX39 3BB3
£165.5K04/210.13 mi58, Pynes Lane, Bideford, Devon EX39 3EE3
£250K05/230.13 mi40, Pynes Lane, Bideford, Devon EX39 3EE3
£145K11/200.13 mi83, Pynes Lane, Bideford, Devon EX39 3EE3
£183K07/230.13 mi83, Pynes Lane, Bideford, Devon EX39 3EE3
£215K07/210.15 mi22, Moreton Park Road, Bideford, Devon EX39 3AU3
£120K11/200.16 mi1, Hawthorn Park, Bideford, Devon EX39 3DT3
£295K12/220.2 mi1, Moreton Park Road, Bideford, Devon EX39 3AU3
£255K06/210.22 mi14, Little Meadow Way, Bideford, Devon EX39 3QZ3
£247K07/230.23 mi27, Buckland Close, Bideford, Devon EX39 5AG3
£235K11/210.26 mi27, Meadow Park, Bideford, Devon EX39 3HD3
£212K01/210.27 mi147, Moreton Park Road, Bideford, Devon EX39 3HB3
£210K03/210.27 mi19, Meadow Park, Bideford, Devon EX39 3HD3
£310K04/230.27 mi46, Meadow Park, Bideford, Devon EX39 3HD3
£199K08/210.28 mi22, Hamilton Close, Bideford, Devon EX39 3DS3
£270K12/220.28 mi15, Hamilton Close, Bideford, Devon EX39 3DS3
£194K10/200.28 mi2, Capern Road, Bideford, Devon EX39 3DY3
£175K04/210.28 mi1, Capern Road, Bideford, Devon EX39 3DY3
£250K03/210.29 mi15, Quarry Close, Bideford, Devon EX39 3RA3
£260K12/200.3 mi19, Gate Field Road, Bideford, Devon EX39 3QX3
£273K12/200.3 mi14, Gate Field Road, Bideford, Devon EX39 3QX3
£178.3K06/210.3 mi5, Waterloo Terrace, Bideford, Devon EX39 3DJ3
£135K02/210.3 mi4, Waterloo Terrace, Bideford, Devon EX39 3DJ3
£180K06/210.3 mi59, Royston Road, Bideford, Devon EX39 3AW3
£183K02/210.3 mi54, Royston Road, Bideford, Devon EX39 3AW3
£190K01/230.31 mi80, Clovelly Road, Bideford, Devon EX39 3DG3
£174K05/230.31 mi75, Clovelly Road, Bideford, Devon EX39 3DG3
£233K06/230.33 mi15, Ashley Terrace, Bideford, Devon EX39 3AL3
£185K11/200.33 mi9, Ashley Terrace, Bideford, Devon EX39 3AL3
£237K03/210.38 mi45, Water Park Road, Bideford, Devon EX39 3RB3
£164.5K09/210.39 mi4, Montague Place, Bideford, Devon EX39 3BX3
£233K11/200.4 mi10, Valley View, Bideford, Devon EX39 3RF3
£275K08/210.4 mi30, Oaklands, Bideford, Devon EX39 3HW3
£250K11/200.4 mi4, Oaklands, Bideford, Devon EX39 3HW3
£261.5K08/210.4 mi58, Oaklands, Bideford, Devon EX39 3HW3
£240K03/210.4 mi58, Oaklands, Bideford, Devon EX39 3HW3
£270K01/230.4 mi45, Oaklands, Bideford, Devon EX39 3HW3
£162K07/230.43 mi8, Coronation Road, Bideford, Devon EX39 3DA3
£336K04/230.44 mi1, Field End, Bideford, Devon EX39 3SH3
£326K07/230.44 mi11, Warren View, Bideford, Devon EX39 3RX3
£272.5K02/210.45 mi10, Godborough View, Bideford, Devon EX39 3RT3
£305K06/210.46 mi11, Little Field, Bideford, Devon EX39 3RP3
£239.9K09/210.46 mi6, Milton Place, Bideford, Devon EX39 3BN3
£199.9K03/210.46 mi23, Milton Place, Bideford, Devon EX39 3BN3
£158K12/200.46 mi2a, Milton Place, Bideford, Devon EX39 3BN3
£140K04/210.47 mi21, Old Town, Bideford, Devon EX39 3BH3
£285K07/210.5 mi58, Water Park Road, Bideford, Devon EX39 3RN3
£135K06/210.52 mi23, Old Town, Bideford, Devon EX39 3BH3
£262K05/210.54 mi18, Kenwith View, Bideford, Devon EX39 3RH3

Local Rents

15 rents from £700/mo to £975/mo, average is £890/mo.

RentDateDistanceAddressBeds 
£89503/240.26 miStrathmore Court, Bideford3
£83503/240.64 miMyrtle Grove, Bideford, Devon3
£70007/230.65 mi-3
£95003/240.67 miPitt Lane, Bideford3
£89504/240.67 miDevonshire Park, Bideford, Devon, EX393
£90009/230.68 mi-3
£80003/240.72 miHigh Street, Bideford, Devon, EX393
£85005/240.81 mi-3
£85005/240.81 mi-3
£85004/240.81 miBrigade House, Bideford, EX393
£97503/240.98 miTorridge Mount, Bideford3
£95004/240.99 miTorridge Mount, Bideford3
£95004/240.99 miTorridge Mount, Bideford3
£81503/241.05 miGrange Bungalows, Bideford, Devon3
£89003/241.16 miEast Ridge View, Bideford, Devon3

Local Area Statistics

Population in EX39

37,175

Town centre distance

0.70 miles away

Nearest school

0.20 miles away

Nearest train station

8.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Price changed to £267,500

January 27, 2025

Listed for £275,000

September 25, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • THREE BEDROOM DETACHED CHALET STYLE BUNGALOW +
  • OPEN PLAN LOUNGE DINING ROOM +
  • MODERN FITTED KITCHEN +
  • DOES REQUIRE SOME MODERNISATION +
  • ENCLOSED REAR GARDEN +
  • GARAGE WITH OFF ROAD PARKING +
  • WITHIN CLOSE PROXIMITY OF LOCAL AMENETIES AND TOWN CENTRE +

This three-bedroom detached home can be found on Moreton Park Road within walking distance to Bideford Town Centre and local amenities and is being sold as a no onward chain. Newly decorated and carpeted this property is ready to move into and make it a lovely home.

From the front door a small porchway opens directly into the main central hallway with doors that lead to all principal rooms and with wooden stairs that ascend to the first floor. There is a light and airy dual aspect lounge which is highly functional in that it has plenty of space for living room furniture and family dining room table and chairs. This is an ideal space to sit and relax and the end of the day or to socialise with family and friends.

To the rear of the property there is a modern, fitted kitchen which has been freshly painted and tiled with enough space for free-standing cooker, fridge /freezer and washing appliances. There is also a rear door which gives access to the back garden.

On the ground floor you will find two double bedrooms overlooking the front and rear of the property respectively, with the large of the two having the benefit of fitted wardrobes. To complete the downstairs there is a family bathroom with a bath with shower over, WC and wash hand basin.

To the first floor there is a further double bedroom which has eaves storage and access to the loft space, whilst it enjoys elevated views over Bideford

To the outside the spacious rear enclosed garden can be enjoyed over multiple levels including an area of hardstanding that adjoins the rear of the property with steps rising to an upper level that enjoys a larger patio area allowing space for outside tables and chairs. There is a level lawned area which is bordered by mature trees, shrubs and bushes. From the rear a useful side entrance gives access to the front of the property which enjoys a useful front green lawn, garage and off-road parking.

To the outside the spacious rear enclosed garden can be enjoyed over multiple levels including an area of hardstanding that adjoins the rear of the property with steps rising to an upper level that enjoys a larger patio area allowing space for outside tables and chairs. There is a level lawned area which is bordered by mature trees, shrubs and bushes. From the rear a useful side entrance gives access to the front of the property which enjoys a useful front green lawn, garage and off-road parking.
From Bideford Quay proceed up the High Street turning left at the top. Take the first right onto Abbotsham Road and continue along for a short distance. Turn left just after Bideford College, and the property can be found on your left hand side.

Agent Details

Webbers Property Services, Bideford

01237 871237

Next Steps?

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