3 Bed Terraced House, Refurb/BRRR, Torrington, EX38 8NG, £160,000

12 Fore Street, Langtree, Torrington, Devon, EX38 8NG - 1 views - 6 months ago

Refurb/BRRR
Planning
ROI: 2%
59 m²
+13 photos

ValuationFair Value

Sold Prices£190K - £455K
Sold Prices/m²£1.1K/m² - £5K/m²

 

 

Square Metres

59 m²
Price/m²£2.7K/m²

Value Estimate

£160,000

 

 

End Value (After Refurb)

£183,103

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£24,108

Bridging Loan Interest

£4,200

Total Cash In

£79,258

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£183,103

Mortgage (After Refinance)

£137,328

Mortgage LTV

75%

Cash Released

£17,328

Cash Left In

£61,930

Equity

£45,776

Rent Range

£900 - £900

Rent Estimate

£900

Running Costs/mo

£772

Cashflow/mo

£128

Cashflow/yr

£1,534

ROI

2%

Gross Yield

7%

Local Sold Prices

14 sold prices from £190K to £455K, average is £320K. £1.1K/m² to £5K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£272K09/210.11 mi24a, Fore Street, Langtree, Torrington, Devon EX38 8NG3
£335K09/210.11 mi34, Fore Street, Langtree, Torrington, Devon EX38 8NG3
£240K12/211.19 mi8, Heathland View, Stibb Cross, Torrington, Devon EX38 8RB3
£255K05/221.19 mi10, Heathland View, Stibb Cross, Torrington, Devon EX38 8RB3
£325K09/211.28 mi27, Beech Road, Stibb Cross, Torrington, Devon EX38 8HZ3
£315K12/201.28 mi31, Beech Road, Stibb Cross, Torrington, Devon EX38 8HZ3
£342K03/231.28 mi9, Beech Road, Stibb Cross, Torrington, Devon EX38 8HZ3
£410K07/221.32 mi29, Beech Road, Stibb Cross, Torrington, Devon EX38 8HZ3
£195K03/231.54 mi1, Berry Cross, Langtree, Torrington, Devon EX38 8NT3
£333K02/211.82 miCaer Bryn, Hele Lane, Frithelstockstone, Torrington, Devon EX38 8JW3
£455K03/221.9 miTrelare, Church Lane, Frithelstockstone, Torrington, Devon EX38 8JL3
£230K11/222.64 mi3, Yarde Cottages, Peters Marland, Torrington, Devon EX38 8QA3
£190K03/212.64 mi14, Yarde Cottages, Peters Marland, Torrington, Devon EX38 8QA3
£370K07/232.7 mi5, Town Meadow, Little Torrington, Torrington, Devon EX38 8RD3

Local Rents

1 rents from £900/mo to £900/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£90004/241.8 miWest Ford Farm Cottage, Little Torrington, Devon3

Local Area Statistics

Population in EX38

8,260

Town centre distance

3.65 miles away

Nearest school

0.10 miles away

Nearest train station

10.37 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+34%

Property History

Price changed to £160,000

December 12, 2024

Listed for £175,000

October 7, 2024

Floor Plans

Description

  • 3 Bedrooms +
  • Out-Building +
  • Detached Garden +
  • On road parking +
  • Village Location +

A hidden gem situated on one of Langtree’s most desirable roads, nestled amongst the stunning period properties of Fore Street sits Number 12 standing proudly on its generous plot.
You will notice this beautiful home surrounded by traditional cottages. Of traditional construction and under a slate roof with rendered and colour washed elevations, number 12 has a lot more to offer inside!

The accommodation comprises a spacious living room faced with a feature stone fire place. With an impressive kitchen with work surfaces & fitted units and an open outlook to the rear court yard. On the First Floor are three bedrooms, two of them with front facing views.

A few paces away leads to a fantastic sized mature garden with a high degree of privacy and fully enclosed. Perfect for those alfresco dining evenings.

To the rear of number 12 is a great sized outbuilding perfect for all your hobbies, it lends itself as a gym, crafts room or workshops (subject to the relevant planning permissions) although it could benefit from some modernisation, it provides you the opportunity to really make it your own as a result.

Within just a few miles you have the Plough Arts Centre, Dartington Crystal and The Royal Horticultural society gardens "Rosemoor". Within a five minute drive you can find yourself on the Tarka trail, a footpath/cycle way mainly built on the bed of a disused railway where all the gradients are gentle. It winds its way through some stunning woodland along the course of the River Torridge past Beam Weir, where Henry Williamson’s Tarka the Otter was born, from which the trail gains its name. It continues past Bideford and along the coast to Barnstaple where it splits and one leg turns inland again following the portion of the railway which is still in use the other continues on the bed of the disused railway and onto Ilfracombe. Both Dartmoor and Exmoor national parks are within an hour’s drive away. The closest coastline is only a 12 mile drive and is very popular with surfers and body borders alike.

Directions
From Torrington take the A386 (New Street) towards Bideford and upon leaving the town turn left onto the B3227 signposted Langtree/Holsworthy. Stay on this road and upon entering Langtree Village, continue past the Green Dragon public house on your left hand side, and past Church Lane and property will be found on your right hand side with number plate and for sale board clearly displayed.

Agent Details

Bond Oxborough Phillips, Torrington

020 3869 5476

Next Steps?

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