2 Bed Bungalow, Refurb/BRRR, Staines, TW18 2QL, £509,950

32 Commercial Road, Staines-upon-Thames, Surrey TW18 2QL - 6 months ago

Sold STC
Refurb/BRRR
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£180K - £613K
Sold Prices/m²£2.3K/m² - £10.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£7.5K/m²

Value Estimate

£371,087

 

 

End Value (After Refurb)

£490,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£127,488

Stamp Duty & Legal Fees

£29,496

Refurb Costs

£36,033

Bridging Loan Interest

£13,386

Total Cash In

£208,153

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£490,000

Mortgage (After Refinance)

£367,500

Mortgage LTV

75%

Cash Left In

£208,153

Equity

£122,500

Rent Range

£1,300 - £2,500

Rent Estimate

£1,717

Running Costs/mo

£1,895

Cashflow/mo

£-178

Cashflow/yr

£-2,132

Gross Yield

4%

Local Sold Prices

50 sold prices from £180K to £613K, average is £402.5K. £2.3K/m² to £10.6K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£373.5K02/240.01 mi12, Commercial Road, Staines-upon-thames, Surrey TW18 2QL2
£355K08/230.06 mi7, Commercial Road, Staines-upon-thames, Surrey TW18 2QJ2
£180K03/210.11 mi24, Parkside Place, Staines, Surrey TW18 2QZ2
£562.5K04/210.21 mi9, Grosvenor Road, Staines, Surrey TW18 2RN2
£340K03/210.22 mi93, Laleham Road, Staines, Surrey TW18 2EB2
£360K04/230.24 mi91, Laleham Road, Staines-upon-thames, Surrey TW18 2EB2
£338K01/240.24 mi97, Laleham Road, Staines-upon-thames, Surrey TW18 2EB2
£335K03/210.25 mi18, Stuart Way, Staines, Surrey TW18 1EP2
£400K11/220.25 mi12, Langley Road, Staines-upon-thames, Surrey TW18 2EH2
£475K11/210.27 mi3, Farm Road, Staines, Surrey TW18 2RB2
£360K06/210.27 mi36, Nursery Gardens, Staines, Surrey TW18 1ET2
£360K06/210.27 mi36, Nursery Gardens, Staines, Surrey TW18 1ET2
£420K05/230.27 mi6, Link Way, Staines-upon-thames, Surrey TW18 1EN2
£415K09/230.29 mi30, The Glade, Staines-upon-thames, Surrey TW18 1ES2
£338K11/200.29 mi28, The Glade, Staines-upon-thames, Surrey TW18 1ES2
£410K11/220.31 mi51, Nursery Gardens, Staines-upon-thames, Surrey TW18 1EJ2
£368K10/200.31 mi41, Nursery Gardens, Staines-upon-thames, Surrey TW18 1EJ2
£330K11/200.31 mi3, Nursery Gardens, Staines-upon-thames, Surrey TW18 1EJ2
£496.3K12/230.31 mi30, Edgell Road, Staines-upon-thames, Surrey TW18 2ES2
£370K05/210.31 mi20, Edgell Road, Staines, Surrey TW18 2ES2
£450K09/210.34 mi10, Riverside Road, Staines, Surrey TW18 2LE2
£342.5K03/210.34 mi128, Worple Road, Staines, Surrey TW18 1EQ2
£380K12/230.34 mi12, Lansdowne Road, Staines-upon-thames, Surrey TW18 1HQ2
£400K12/220.35 mi136, Worple Road, Staines-upon-thames, Surrey TW18 1EQ2
£405K11/200.35 mi132, Worple Road, Staines, Surrey TW18 1EQ2
£459K11/220.36 mi10, Budebury Road, Staines-upon-thames, Surrey TW18 2AX2
£420K06/230.38 mi74, Wheatsheaf Lane, Staines-upon-thames, Surrey TW18 2LR2
£565K04/230.39 mi4, Mayfield Gardens, Staines-upon-thames, Surrey TW18 3LG2
£592K04/230.41 mi22, Florence Gardens, Staines-upon-thames, Surrey TW18 1HG2
£485K10/220.41 mi202, Worple Road, Staines-upon-thames, Surrey TW18 1HE2
£345K01/210.42 mi12, Stainash Crescent, Staines, Surrey TW18 1AY2
£490K11/210.44 mi53, Chertsey Lane, Staines-upon-thames, Surrey TW18 3LA2
£375K03/240.46 mi29, Laleham Road, Staines-upon-thames, Surrey TW18 2DS2
£420K12/200.5 mi2, Richmond Crescent, Staines-upon-thames, Surrey TW18 2BX2
£370K11/230.5 mi1, Pullmans Place, Staines-upon-thames, Surrey TW18 4LD2
£500K09/210.51 miLansdowne, Pavilion Gardens, Staines, Surrey TW18 1LT2
£613K03/210.54 mi113, Thames Side, Staines, Surrey TW18 2HQ2
£345K12/200.54 mi33, Chestnut Grove, Staines, Surrey TW18 1DB2
£492.5K03/230.55 mi31, Ash Grove, Staines-upon-thames, Surrey TW18 1JE2
£465K07/230.55 mi3, Ash Grove, Staines-upon-thames, Surrey TW18 1JE2
£382.5K11/220.56 mi29, Manor Place, Staines-upon-thames, Surrey TW18 1AE2
£592K12/200.57 miBroad View, Acacia Road, Staines-upon-thames, Surrey TW18 1BY2
£470K01/230.57 miBidart, Acacia Road, Staines-upon-thames, Surrey TW18 1BY2
£373K02/210.59 mi1, Fenton Avenue, Staines, Surrey TW18 1DD2
£575K04/210.6 miWoodpeckers, Riverside, Staines-upon-thames, Surrey TW18 3NH2
£435K12/200.65 miThameside, Ferry Avenue, Staines-upon-thames, Surrey TW18 3LP2
£460K03/230.65 miThe Rowans, Ferry Avenue, Staines-upon-thames, Surrey TW18 3LP2
£275K10/230.65 mi29, George Street, Staines-upon-thames, Surrey TW18 4LB2
£345K05/210.66 mi25, Kenilworth Gardens, Staines, Surrey TW18 1DW2
£430K09/230.66 mi33, Kenilworth Gardens, Staines-upon-thames, Surrey TW18 1DW2

Local Rents

28 rents from £1.3K/mo to £2.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,65010/240.16 mi-2
£1,60010/240.18 miStaines, Surrey2
£1,50010/240.22 miLaleham Road, Staines-upon-Thames, Surrey, TW182
£1,50010/240.27 mi-2
£1,55012/240.27 mi-2
£1,70011/240.29 mi-2
£1,50004/250.29 mi-2
£1,58004/250.3 mi-2
£1,60010/240.32 miLaleham Road, Staines-upon-Thames, TW182
£1,80010/240.33 mi-2
£1,80010/240.33 mi-2
£1,80010/240.33 mi-2
£1,45010/240.34 miEdgell Road, Staines-upon-Thames, Surrey, TW182
£1,30010/240.36 miWorple Road, Staines Upon Thames, TW182
£1,49502/250.42 mi-2
£1,69502/250.42 mi-2
£1,80010/240.48 miStaines-upon-Thames, Surrey, TW182
£1,69512/240.49 mi-2
£2,00010/240.49 mi-2
£2,50012/240.49 mi-2
£1,62510/240.5 miPullmans Place, Staines, Middlesex, TW182
£2,45010/240.54 mi-2
£1,50010/240.54 miSt. James Court, 58-60 Kingston Road, Staines-upon-Thames, Surrey, TW182
£1,50010/240.54 miKingston Road, Staines, TW182
£1,50004/250.56 mi-2
£2,00001/250.56 mi-2
£1,75010/240.59 miStaines2
£1,69510/240.61 miKingston Road,Staines,TW182

Local Area Statistics

Population in TW18

25,458

Population in Staines

41,638

Town centre distance

0.38 miles away

Nearest school

0.10 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £509,950

October 21, 2024

Floor Plans

Description

  • Detached Bungalow +
  • Two Double Bedrooms +
  • Private Garden +
  • Driveway and Garage +
  • Modernisation Required +
  • Walking Distance Mainline Train Station +

CHAIN FREE Just a short walk from Staines Town Center and the Mainline Train Station, the location is as desirable as it is practical, a spacious detached bungalow set on a generous plot in a sought-after location, offers great potential for full modernisation

CHAIN FREE Just a short walk from Staines Town Center and the Mainline Train Station, the location is as desirable as it is practical, a spacious detached bungalow set on a generous plot in a sought-after location, offers great potential for full modernisation. The property features two spacious double bedrooms, a large living room, and a separate kitchen. It also has a private garden, driveway, and garage, with potential for further development, subject to the usual planning consents. Ideal for buyers or investors looking to create a custom home, this property offers significant value-adding opportunities. Viewing is highly recommended to appreciate the potential. EPC Rating D.
Spelthorne Borough Council, Council Tax Band F being £3,328.84 for 2024/25.

Agent Details

The Frost Partnership, Staines

01784 771404

Next Steps?

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