3 Bed Terraced House, Refurb/BRRR, Warminster, BA12 7JF, £435,000

55 The Rank, Warminster, Wiltshire, BA12 7JF - 2 views - 6 months ago

Refurb/BRRR
ROI: 8%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£250K - £440K
Sold Prices/m²£2.3K/m² - £6.3K/m²

 

 

Square Metres

~93 m²
Price/m²£4.7K/m²

Value Estimate

£403,093

 

 

End Value (After Refurb)

£371,519

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£108,750

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£37,922

Bridging Loan Interest

£11,419

Total Cash In

£184,541

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£371,519

Mortgage (After Refinance)

£278,639

Mortgage LTV

75%

Cash Left In

£184,541

Equity

£92,880

Rent Range

£1,775 - £3,000

Rent Estimate

£3,000

Running Costs/mo

£1,781

Cashflow/mo

£1,219

Cashflow/yr

£14,628

ROI

8%

Gross Yield

8%

Local Sold Prices

5 sold prices from £250K to £440K, average is £340K. £2.3K/m² to £6.3K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£440K02/230 mi59, The Rank, Maiden Bradley, Warminster, Wiltshire BA12 7JF3
£250K02/230.01 mi55, The Rank, Maiden Bradley, Warminster, Wiltshire BA12 7JF3
£337K02/210.1 mi36, Church Street, Maiden Bradley, Warminster, Wiltshire BA12 7HW3
£420K06/210.11 miThe Old School Cottage, High Street, Maiden Bradley, Warminster, Wiltshire BA12 7JG3
£340K06/212.37 miSawmill Cottage, The Street, Kilmington, Warminster, Wiltshire BA12 6RG3

Local Rents

3 rents from £1.8K/mo to £3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,77503/251.51 mi-3
£3,00012/241.82 miChurch Street, Horningsham4
£1,90002/252.27 mi-4

Local Area Statistics

Population in BA12

28,537

Town centre distance

5.71 miles away

Nearest school

1.90 miles away

Nearest train station

6.17 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £435,000

January 8, 2025

Listed for £450,000

October 2, 2024

Sold for £250,000

2023

Sold for £105,000

2001

Sold for £71,200

1995

Floor Plans

Description

  • Utterly charming period cottage +
  • Extensively renovated to a high standard +
  • Three bedrooms +
  • Family bathroom on first floor +
  • Ground floor shower room +
  • Kitchen/breakfast room with vaulted ceiling +
  • Sitting room with wood burner +
  • Family room with wood burner +
  • Front and rear gardens +
  • No onward chain +

This charming period end of terrace cottage is situated in the pleasant village of Maiden Bradley. It has been extensively upgraded to include renovation of the roof, new windows, re-wiring, re-plumbing, new flooring, and new heating.

Upon entering, there is an entrance porch with door through to a spacious and inviting living area with exposed beams, electric radiator, and a fireplace with wood burner - perfect for cozy evenings. There are doors off to the sitting room, kitchen/breakfast room, and stairs to first floor.

The dual aspect sitting room has windows to the front and side, exposed beams, electric radiator, and large fireplace with wood burner.

The kitchen/dining room has a vaulted ceiling, exposed beams and brickwork, and double French doors to rear garden, window to rear, and door to a Shower room. The kitchen has a range of base units, Belfast sink with mixer tap, wood effect laminate worksurfaces, an electric fan assisted oven, ceramic hob with tiled splashback, extractor hood, space and plumbing for a washing machine, and space for a refrigerator. The dining area has ample space for a generous sized table.

The shower room has windows to rear, a tiled shower enclosure, electric towel rail, WC, and a hand washbasin with tiled splashback.

The first floor has a landing with spotlights, access to an insulated roof space, and doors off the family bathroom, and the three bedrooms. The family bathroom has a window to rear, roll-top bath with shower attachment and tiled splashback, hand washbasin, WC, and electric towel rail. All bedrooms have a window to front, exposed beams, and electric radiator. The principal bedroom also has an original fireplace and storage cupboard.

Outside to the front is a garden with established trees, shrubs, and bushes. To the rear there is a garden with large terrace, lawned area, trees, and bushes.

The property benefits from high efficiency double-glazed windows throughout and a smart programable electric radiator system.

* Tenure: Freehold
* Council Tax Band: B
* Local Council: Wiltshire Council
* In a Conservation Area
* EPC: E
* Utilities and Similar: Mains electricity, mains water, and mains drainage
* No Onward Chain

Agent Details

Hunter French, Wincanton

01963 401325

Next Steps?

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