3 Bed Detached House, Refurb/BRRR, Torrington, EX38 7JS, £200,000

Tor View, Ebberley, Torrington, Devon, EX38 7JS - 3 views - 6 months ago

Sold STC
Auction
Refurb/BRRR
Planning
ROI: 4%
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£200K - £400K
Sold Prices/m²£2.2K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£252,500
BMV1%

 

 

End Value (After Refurb)

£267,207

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£38,000

Bridging Loan Interest

£5,250

Total Cash In

£103,700

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£267,207

Mortgage (After Refinance)

£200,405

Mortgage LTV

75%

Cash Released

£50,405

Cash Left In

£53,295

Equity

£66,802

Rent Range

£750 - £3,200

Rent Estimate

£1,610

Running Costs/mo

£1,177

Cashflow/mo

£433

Cashflow/yr

£5,196

ROI

5%

Gross Yield

10%

Local Sold Prices

22 sold prices from £200K to £400K, average is £265K. £2.2K/m² to £4.8K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£322.5K04/211.48 mi2, Fairways Drive, High Bickington, Umberleigh, Devon EX37 9BY3
£400K04/221.48 mi13, Fairways Drive, High Bickington, Umberleigh, Devon EX37 9BY3
£220K04/211.73 mi22, Barton Meadow Road, High Bickington, Umberleigh, Devon EX37 9AN3
£200K03/211.73 mi8, Barton Meadow Road, High Bickington, Umberleigh, Devon EX37 9AN3
£272K11/211.75 mi2, Higher Meadow, High Bickington, Umberleigh, Devon EX37 9AW3
£250K06/221.76 mi17, Higher Meadow, High Bickington, Umberleigh, Devon EX37 9AW3
£345K12/221.76 miThe Village, Back Lane, High Bickington, Umberleigh, Devon EX37 9EW3
£330K11/211.76 miDragon Cottage, Mill Road, High Bickington, Umberleigh, Devon EX37 9AZ3
£230.5K10/221.76 mi15, Higher Meadow, High Bickington, Umberleigh, Devon EX37 9AW3
£400K04/221.77 miThe Meadow, Back Lane, High Bickington, Umberleigh, Devon EX37 9EW3
£215K01/211.79 mi3, Ridgeway Green, High Bickington, Umberleigh, Devon EX37 9EL3
£330K02/231.79 mi23, Fountain Fields, High Bickington, Umberleigh, Devon EX37 9AP3
£270K11/201.8 miNorth Green, North Road, High Bickington, Umberleigh, Devon EX37 9BB3
£307.6K09/221.8 mi38, Fountain Fields, High Bickington, Umberleigh, Devon EX37 9AP3
£250K07/221.81 mi34, Fountain Fields, High Bickington, Umberleigh, Devon EX37 9AP3
£238K04/221.81 mi2, Fountain Fields, High Bickington, Umberleigh, Devon EX37 9AP3
£260K01/231.81 mi29, Fountain Fields, High Bickington, Umberleigh, Devon EX37 9AP3
£325K05/231.81 mi15, Fountain Fields, High Bickington, Umberleigh, Devon EX37 9AP3
£200K11/201.81 mi6, Fountain Fields, High Bickington, Umberleigh, Devon EX37 9AP3
£240K05/231.81 mi51, Fountain Fields, High Bickington, Umberleigh, Devon EX37 9AP3
£235K12/211.81 mi49, Fountain Fields, High Bickington, Umberleigh, Devon EX37 9AP3
£275K11/221.82 mi30, Fountain Fields, High Bickington, Umberleigh, Devon EX37 9AP3

Local Rents

7 rents from £750/mo to £3.2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£90004/240.88 miYelland Cottage, Umberleigh, North Devon3
£1,50003/241.34 mi-3
£1,50003/241.34 mi-3
£1,70003/241.34 miRoborough, Winkleigh, EX193
£3,20004/241.54 miHigh Bickington, Atherington, Umberleigh5
£75002/251.79 mi-2
£75003/241.8 mi-1

Local Area Statistics

Population in EX38

8,260

Town centre distance

4.92 miles away

Nearest school

1.80 miles away

Nearest train station

3.46 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+34%

Property History

Price changed to £200,000

November 29, 2024

Listed for £250,000

October 2, 2024

Floor Plans

Description

  • 3 Bedroom Detached Property +
  • Garage +
  • Countryside Views +
  • Huge Plot! +
  • Blank Canvas +
  • Modern Method of Auction +
  • Subject to Reserve Price +
  • Buyer Fees Apply +
  • Sold by Modern Auction(T&Cs apply) +
  • Call now or Book Online 24/7 +

Welcome to Tor View, Ebberley—a charming 3-bedroom detached home set on a large plot with stunning views of the surrounding fields. This property offers a rare opportunity to create your dream home in a tranquil countryside setting, with a spacious blank canvas for customisation and renovation. The expansive driveway and garage provide ample parking and storage, while the home itself boasts character and potential, perfect for those looking to put their personal stamp on a property.

Entering through the west entrance, you arrive in the kitchen, which offers ample storage space and a comfortable layout for everyday cooking. Moving into the sitting room, you'll find additional under-stair storage and a large window that floods the space with natural light from the south-facing garden. The entrance hall provides a practical area to store coats and shoes, allowing easy navigation throughout the home.

The lounge is a spacious area, filled with natural light and featuring an old fireplace that could be restored to become a beautiful focal point. This would be ideal for family relaxation or entertaining guests, with large windows that overlook the garden. As you head upstairs, you'll discover three generously sized bedrooms, each offering plenty of space for freestanding furniture. A three-piece family bathroom is conveniently located on the north side of the property, providing easy access for all.

Outside, the property sits on an expansive plot, offering endless possibilities for extension or outdoor projects, subject to planning permissions. The surrounding fields provide breathtaking views, creating a peaceful retreat for homeowners. With its large driveway, garage, and vast potential for development, Tor View is a rare gem that promises to become a standout home with the right vision and care.

While the property does require significant work, it offers a fantastic opportunity for buyers to create a home tailored to their taste and needs. Whether you're looking to expand or simply enjoy the generous space on offer, this property is ripe for transformation. Come and explore the possibilities that await at this unique residence.

Ebberley, a quaint village nestled in the rolling countryside near Torrington, offers a peaceful and picturesque escape from busy life. Known for its stunning rural views and charming historical properties, the village is surrounded by lush fields and woodlands, ideal for nature lovers. Despite its tranquil setting, Ebberley is conveniently located just a short drive from the market town of Great Torrington, where residents can access shops, restaurants, and local amenities. With its close-knit community and proximity to North Devon's stunning coastlines, Ebberley provides the perfect blend of rural charm and convenience. What 3 Words ///absent.dumpling.leaps Additional Information: Mains electric and Water Oil Heating & Septic Tank Tenure - Freehold / Parking - Driveway & Garage / Garden - Wrap around majority South Facing / Nearest Shop - 5.9 Miles / Nearest School -5.8 miles / Nearest Pub (Golden Lion) - 3.3 miles  Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional."

Agent Details

EweMove, Covering North Devon

01271 443777

Next Steps?

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