3 Bed Terraced House, Refurb/BRRR, Bideford, EX39 4AG, £265,000

6 Salterns Terrace, Bideford, Devon, EX39 4AG - 6 months ago

Refurb/BRRR
~96 m²
+14 photos

ValuationOvervalued

Sold Prices£110K - £390K
Sold Prices/m²£1.4K/m² - £4.6K/m²

 

 

Square Metres

~95.70 m²
Price/m²£2.8K/m²

Value Estimate

£213,118

 

 

End Value (After Refurb)

£255,847

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£15,200

Refurb Costs

£38,796

Bridging Loan Interest

£6,956

Total Cash In

£128,952

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£255,847

Mortgage (After Refinance)

£191,885

Mortgage LTV

75%

Cash Left In

£128,952

Equity

£63,962

Rent Range

£700 - £975

Rent Estimate

£874

Running Costs/mo

£994

Cashflow/mo

£-120

Cashflow/yr

£-1,444

Gross Yield

4%

Local Sold Prices

50 sold prices from £110K to £390K, average is £202.5K. £1.4K/m² to £4.6K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£350K04/210.09 miBur-que, Old Barnstaple Road, Bideford, Devon EX39 4AJ3
£293.3K03/210.09 miHelios, Old Barnstaple Road, Bideford, Devon EX39 4AJ3
£390K09/210.12 miEnglyn, Westview Avenue, Bideford, Devon EX39 4AL3
£305K08/230.18 mi46, East Ridge View, Bideford, Devon EX39 4RS3
£240K03/230.18 mi22, East Ridge View, Bideford, Devon EX39 4RS3
£250K04/210.19 mi1, Ian Hay Close, Bideford, Devon EX39 4RL3
£233K06/210.24 mi21, Pollards Place, Bideford, Devon EX39 4FE3
£260K03/230.25 mi14, Chudleigh Avenue, Bideford, Devon EX39 4AT3
£250K06/210.28 mi63, Biddiblack Way, Bideford, Devon EX39 4AY3
£179.9K08/210.28 mi4, Railway Terrace, Bideford, Devon EX39 4BB3
£192.5K11/200.3 mi3, Chapel Park Close, Bideford, Devon EX39 4FD3
£237.5K04/230.3 mi22, Fort Terrace, Bideford, Devon EX39 4BJ3
£182K11/200.32 mi7, Boards Court, Bideford, Devon EX39 4FJ3
£195K08/210.32 mi20, Boards Court, Bideford, Devon EX39 4FJ3
£340K12/220.33 mi3, Park Avenue, Bideford, Devon EX39 2QH3
£175K04/230.34 mi18, Brookfield Street, Bideford, Devon EX39 4ER3
£145K07/210.34 mi25, Brookfield Street, Bideford, Devon EX39 4ER3
£185K06/210.34 mi19, Heathfield Road, Bideford, Devon EX39 4BU3
£165K08/210.34 mi16, Heathfield Road, Bideford, Devon EX39 4BU3
£218K12/220.35 mi12, The Strand, Bideford, Devon EX39 2NB3
£199K11/200.35 mi7, The Strand, Bideford, Devon EX39 2NB3
£177.5K03/210.38 mi28, Torridge Mount, Bideford, Devon EX39 4EL3
£165K09/210.38 mi85, Clifton Street, Bideford, Devon EX39 4EX3
£188K11/200.4 mi1, Sentry Corner, Bideford, Devon EX39 4BW3
£165K02/210.42 mi35, Sentry Corner, Bideford, Devon EX39 4BP3
£240K07/230.43 mi1, Wellbrook Terrace, Bideford, Devon EX39 2BG3
£185.5K01/210.43 mi78, Sentry Corner, Bideford, Devon EX39 4BS3
£200K11/200.43 mi73, Sentry Corner, Bideford, Devon EX39 4BS3
£270K02/230.48 mi5, Myrtle Grove, Bideford, Devon EX39 3HZ3
£185K12/200.49 mi7, Victoria Grove, Bideford, Devon EX39 2DN3
£110K01/210.49 mi21, Victoria Grove, Bideford, Devon EX39 2DN3
£170K08/230.49 mi11, Barton Tors, Bideford, Devon EX39 4EY3
£165K01/210.52 mi47, Churchill Road, Bideford, Devon EX39 4HG3
£235K08/230.53 mi25, Broadlands, Bideford, Devon EX39 4QL3
£340K09/210.54 mi2, Rectory Park, Bideford, Devon EX39 3AJ3
£315K03/210.54 mi21, Rectory Park, Bideford, Devon EX39 3AJ3
£165K11/200.54 mi32, Elm Grove, Bideford, Devon EX39 3JF3
£203K02/210.54 mi63, Elm Grove, Bideford, Devon EX39 3JF3
£225K01/210.54 mi42, Elm Grove, Bideford, Devon EX39 3JF3
£178K01/210.55 mi110, Meddon Street, Bideford, Devon EX39 2EW3
£250K03/230.55 mi99, Devonshire Park, Bideford, Devon EX39 5JF3
£255K07/230.55 mi84, Devonshire Park, Bideford, Devon EX39 5JF3
£165K11/200.55 miTrehurst, Kingsley Road, Bideford, Devon EX39 2LH3
£202K01/210.55 mi4, Meadowville Road, Bideford, Devon EX39 3LD3
£132.1K02/230.57 mi2, Westcombe Lane, Bideford, Devon EX39 3JQ3
£135K06/210.57 mi23, Old Town, Bideford, Devon EX39 3BH3
£216K12/200.57 mi16, North View Avenue, Bideford, Devon EX39 3LH3
£245K02/230.58 mi2, Elmdale Road, Bideford, Devon EX39 3LF3
£322.5K06/210.58 mi82, Riverside Court, Bideford, Devon EX39 2RY3
£220K04/230.59 mi6, Alver Green, Bideford, Devon EX39 4DL3

Local Rents

14 rents from £700/mo to £975/mo, average is £870/mo.

RentDateDistanceAddressBeds 
£81503/240.17 miGrange Bungalows, Bideford, Devon3
£89003/240.21 miEast Ridge View, Bideford, Devon3
£85004/240.29 miBrigade House, Bideford, EX393
£85005/240.29 mi-3
£85005/240.29 mi-3
£95004/240.32 miTorridge Mount, Bideford3
£95004/240.32 miTorridge Mount, Bideford3
£97503/240.33 miTorridge Mount, Bideford3
£80003/240.38 miHigh Street, Bideford, Devon, EX393
£90009/230.42 mi-3
£95003/240.45 miPitt Lane, Bideford3
£83503/240.5 miMyrtle Grove, Bideford, Devon3
£70007/230.56 mi-3
£89504/240.58 miDevonshire Park, Bideford, Devon, EX393

Local Area Statistics

Population in EX39

37,175

Town centre distance

0.44 miles away

Nearest school

0.50 miles away

Nearest train station

7.05 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 £265,000

November 12, 2024

Listed for £275,000

October 8, 2024

Floor Plans

Description

  • Breathtaking estuary views from the balcony, bedrooms, and living room. +
  • Period terrace property in a prime, sought-after location. +
  • 3 well-proportioned bedrooms, with the third offering direct balcony access. +
  • 2 ground floor reception rooms for versatile living and entertaining. +
  • Spacious kitchen/diner perfect for family meals and gatherings. +
  • Upstairs shower room and a convenient ground floor WC. +
  • Part-paved, part-lawned rear garden, ideal for outdoor relaxation. +
  • Large off-road parking space accessed via a rear lane. +
  • Additional on-street parking available at the front of the property. +
  • Sold fully furnished and offered with no onward chain. +

This period terrace property offers breathtaking estuary views from its balcony, bedrooms, and living room, making it a rare find. While in need of modernisation, it holds incredible potential to become a charming home in a prime location.

The property features 2 ground floor reception rooms, a spacious kitchen/diner, and 3 well-proportioned bedrooms. The third bedroom provides direct access to the balcony, allowing you to enjoy the stunning views. A shower room upstairs and a convenient ground floor WC add to the home's practicality.

Outside, the part-paved, part-lawned rear garden offers a peaceful retreat. A unique feature is the large off-road parking space accessed from a rear lane, plus additional on-street parking.

Sold fully furnished and available with no onward chain, this home presents a fantastic opportunity for those seeking a property in a highly desirable location.

East-The-Water is a suburb of Bideford that, as the name describes, is on the eastern bank of the River Torridge to the main town. It operates fairly independently as it has its own shops, community hall and a well-regarded primary school. East-The-Water was once the mining heart of North Devon, with the unique form of coal, Bideford Black, sourced from the area all the way to the sea. Chudleigh Fort and park is close by and commands great views of Bideford and the old bridge. When you need to be practical, one of the towns largest supermarkets is also very close by on foot.

In the wider area, Bideford boasts a host of pubs, restaurants, a weekly cinema and various sporting clubs to join/follow. It has many open spaces to explore as well as pleasant river walks along the River Torridge or by the working Quay. Bideford also supports a raft of interesting independent shops and small businesses in its narrow streets. Check out the Pannier Market and Market Place shops for its array of craft and farm food stores.

East-The-Water is within short driving distance of the Atlantic Highway (A39) that is the main feeder route across the region leading to Wadebridge in Cornwall to the south-west and to the M5 by Tiverton in the east. A bus service provides access to North Devon's capital, Barnstaple. Bus users can also reach Westward Ho!, Bideford, Braunton, Appledore, Croyde and Ilfracombe.

Directions
From Bideford Quay proceed over the Old Bideford Bridge. Upon reaching the mini roundabout, turn left signposted Barnstaple. Proceed along this road passing Wooda Surgery on your left hand side. Proceed up the hill to where Saltrens Terrace will be situated on your right hand side with number 6 displaying a numberplate.

Agent Details

Bond Oxborough Phillips, Bideford

01237 479999

Next Steps?

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