2 Bed Terraced House, Refurb/BRRR, Warminster, BA12 8BU, £185,000

The Heathlands, Warminster, BA12 8BU - 2 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£155K - £328K
Sold Prices/m²£2.1K/m² - £6.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£190,550
BMV3%

 

 

End Value (After Refurb)

£224,514

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£27,773

Bridging Loan Interest

£4,856

Total Cash In

£87,380

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£224,514

Mortgage (After Refinance)

£168,385

Mortgage LTV

75%

Cash Released

£29,635

Cash Left In

£57,744

Equity

£56,128

Rent Range

£750 - £975

Rent Estimate

£1,062

Running Costs/mo

£934

Cashflow/mo

£128

Cashflow/yr

£1,536

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £155K to £328K, average is £222.5K. £2.1K/m² to £6.4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£225K06/230.06 mi4, Chestnut Tree Gardens, Warminster, Wiltshire BA12 8FD2
£248K12/200.14 mi6, Ludlow Close, Warminster, Wiltshire BA12 8BJ2
£178K10/200.18 mi18a, King Street, Warminster, Wiltshire BA12 8DG2
£252K01/230.2 mi19, Maddocks Hill, Warminster, Wiltshire BA12 8DJ2
£328K11/220.2 mi1, Maddocks Hill, Warminster, Wiltshire BA12 8DJ2
£257.5K08/230.2 mi20, Maddocks Hill, Warminster, Wiltshire BA12 8DJ2
£185K06/210.2 mi10, Maddocks Hill, Warminster, Wiltshire BA12 8DJ2
£210K09/230.22 mi42, Chapel Street, Warminster, Wiltshire BA12 8BZ2
£190K03/210.22 mi21 - 22, Chapel Street, Warminster, Wiltshire BA12 8BZ2
£210K10/210.22 mi13b, Brook Street, Warminster, Wiltshire BA12 8DN2
£293K11/230.23 mi28, King Lane, Warminster, Wiltshire BA12 8DH2
£159K04/210.26 mi34, Fore Street, Warminster, Wiltshire BA12 8DD2
£155K04/210.26 mi36, Fore Street, Warminster, Wiltshire BA12 8DD2
£285K11/230.27 mi6a, Hillwood Lane, Warminster, Wiltshire BA12 9QF2
£223K11/230.27 mi5, Bread Street, Warminster, Wiltshire BA12 8DE2
£197K06/230.27 mi7, Bread Street, Warminster, Wiltshire BA12 8DE2
£210K11/220.3 mi55, Brook Street, Warminster, Wiltshire BA12 8DW2
£285K06/230.31 mi31, Broadway, Warminster, Wiltshire BA12 8EB2
£226K11/230.33 mi18, Marsh Street, Warminster, Wiltshire BA12 9PG2
£155K10/200.34 mi119, Alcock Crest, Warminster, Wiltshire BA12 8NF2
£260K02/230.34 mi40, Alcock Crest, Warminster, Wiltshire BA12 8NE2
£250K09/210.37 mi17, Wylye Road, Warminster, Wiltshire BA12 9PE2
£260K08/230.38 mi14, Thornhill Road, Warminster, Wiltshire BA12 8EE2
£212K01/210.38 mi16, Thornhill Road, Warminster, Wiltshire BA12 8EE2
£184.6K03/210.39 mi33, Deverill Road, Warminster, Wiltshire BA12 9QN2
£173K02/210.39 mi25, Middleton Close, Warminster, Wiltshire BA12 8JT2
£255K03/210.4 mi58, Thornhill Road, Warminster, Wiltshire BA12 8EF2
£253K04/210.4 mi23, Thornhill Road, Warminster, Wiltshire BA12 8EF2
£225K03/210.41 mi29, Melrose Avenue, Warminster, Wiltshire BA12 8EG2
£250K03/240.41 mi10, Broxburn Road, Warminster, Wiltshire BA12 8EX2
£178.5K05/210.42 mi39, The Beeches, Warminster, Wiltshire BA12 8LD2
£181K11/210.43 mi127, Alcock Crest, Warminster, Wiltshire BA12 8NA2
£225K10/230.46 mi86, Lower Marsh Road, Warminster, Wiltshire BA12 9QA2
£223K03/210.48 mi54, Wylye Road, Warminster, Wiltshire BA12 9PU2
£158K02/210.49 mi65, Pound Street, Warminster, Wiltshire BA12 8NW2
£190K07/230.5 mi83, Westleigh, Warminster, Wiltshire BA12 8NJ2
£280K05/230.51 mi5, Bourne Close, Warminster, Wiltshire BA12 9PT2
£290K01/240.52 mi12, Upper Marsh Road, Warminster, Wiltshire BA12 9PJ2
£235K07/230.53 mi59, Pound Street, Warminster, Wiltshire BA12 8NN2
£198K08/230.53 mi57, Pound Street, Warminster, Wiltshire BA12 8NN2
£175K01/210.56 mi71, The Teasels, Warminster, Wiltshire BA12 8NU2
£190K03/210.58 mi30, Ruskin Drive, Warminster, Wiltshire BA12 8HS2
£222K11/220.59 mi59, West Street, Warminster, Wiltshire BA12 8JZ2
£200K08/210.59 mi85, West Street, Warminster, Wiltshire BA12 8JZ2
£200K06/210.59 mi119, West Street, Warminster, Wiltshire BA12 8JZ2
£176K10/230.59 mi71, West Street, Warminster, Wiltshire BA12 8JZ2
£252K11/220.59 mi85, West Street, Warminster, Wiltshire BA12 8JZ2
£231.5K12/230.59 mi91, West Street, Warminster, Wiltshire BA12 8JZ2
£215K04/230.6 mi23, Damask Way, Warminster, Wiltshire BA12 9PX2
£235K08/210.6 mi20, Damask Way, Warminster, Wiltshire BA12 9PX2

Local Rents

12 rents from £750/mo to £975/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£92512/240.59 miWest Street, Warminster2
£75012/230.63 mi-2
£97506/240.63 mi-2
£89501/250.67 mi-2
£80012/240.68 mi-2
£85012/240.77 miSilver Street, Warminster, Wiltshire, BA122
£75012/240.9 miMarket Place, Warminster2
£95010/230.94 mi-2
£87511/230.99 mi-2
£87511/230.99 mi-2
£92512/241.05 miImber Road, Warminster2
£77512/241.13 miImber Road, Warminster2

Local Area Statistics

Population in BA12

28,537

Town centre distance

0.69 miles away

Nearest school

0.50 miles away

Nearest train station

1.12 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £185,000

October 10, 2024

Floor Plans

Description

  • Terraced House +
  • Kitchen/dining room +
  • Sitting Room +
  • Two Bedrooms +
  • Bathroom +
  • Separate Cloakroom +
  • In need of modernisation and improvement +
  • Driveway Parking +
  • Rear Garden +
  • Close to open countryside +

This two bedroom mid terrace property is in need of updating and is a good size. It offers driveway parking and a rear garden. It is located on the outskirts of the town and is close to open countryside.  The accommodation comprises entrance hall, sitting room, kitchen/breakfast room, two bedrooms, separate bathroom & separate cloakroom.  There is a garden at the back which offers a small area of artificial grass and a patio, a garden shed and gated access at the back.

Agent Details

Cooper & Tanner, Warminster

01985 802980

Next Steps?

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