2 Bed Terraced House, Refurb/BRRR, Staines, TW18 1JP, £394,000

Elizabeth Avenue, Staines-Upon-Thames., Surrey, TW18 1JP - 6 months ago

Refurb/BRRR

ROI: 1%

~78 m²

+4 photos

ValuationFair Value

Sold Prices	£330K - £592K
Sold Prices/m²	£4.2K/m² - £9.1K/m²

Square Metres	~77.70 m²
Price/m²	£5.1K/m²
Value Estimate	£394,000£394,000

End Value (After Refurb)	£369,238£369,238

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£98,500£98,500
Stamp Duty & Legal Fees	£28,100£28,100
Refurb Costs	£41,106£41,106
Bridging Loan Interest	£10,343£10,343
Total Cash In	£179,798£179,798

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£369,238£369,238
Mortgage (After Refinance)	£276,928£276,928
Mortgage LTV	75%75%
Cash Left In	£179,798£179,798
Equity	£92,309£92,309
Rent Range	£1,300 - £2,450£1,300 - £2,450
Rent Estimate	£1,684
Running Costs/mo	£1,511£1,511
Cashflow/mo	£173£173
Cashflow/yr	£2,080£2,080
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £330K to £592K, average is £395K. £4.2K/m² to £9.1K/m², average is £5.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£450K	09/23	0.06 mi	72, Charles Road, Staines-upon-thames, Surrey TW18 1JX	-	-	2	Semi-Detached House
£390K	10/23	0.08 mi	49, Edinburgh Drive, Staines-upon-thames, Surrey TW18 1PJ	-	-	2	Terraced House
£435K	02/23	0.1 mi	70, Shaftesbury Crescent, Staines-upon-thames, Surrey TW18 1QW	£4,223	103	2	Terraced House
£350K	04/21	0.15 mi	19, Arnold Road, Staines, Surrey TW18 1LY	-	-	2	Semi-Detached House
£410.6K	12/22	0.18 mi	52, Gloucester Crescent, Staines-upon-thames, Surrey TW18 1PS	£6,416	64	2	Terraced House
£365K	01/21	0.18 mi	104, Gloucester Crescent, Staines, Surrey TW18 1PS	£5,794	63	2	Semi-Detached House
£355K	03/21	0.18 mi	72, Gloucester Crescent, Staines-upon-thames, Surrey TW18 1PS	£5,726	62	2	Terraced House
£395K	06/21	0.23 mi	257, Kingston Road, Ashford, Surrey TW15 3SQ	-	-	2	Semi-Detached House
£435K	03/23	0.27 mi	98, Kingston Crescent, Ashford, Surrey TW15 3NE	-	-	2	Semi-Detached House
£420K	04/21	0.29 mi	33, Celia Crescent, Ashford, Surrey TW15 3NW	-	-	2	Semi-Detached House
£390K	07/23	0.32 mi	61, Celia Crescent, Ashford, Surrey TW15 3NP	-	-	2	Semi-Detached House
£400K	08/21	0.34 mi	201, Woodthorpe Road, Ashford, Surrey TW15 3NJ	£5,479	73	2	Semi-Detached House
£385K	08/21	0.36 mi	12, Warwick Avenue, Staines, Surrey TW18 1DP	£6,638	58	2	Semi-Detached House
£492.5K	03/23	0.36 mi	31, Ash Grove, Staines-upon-thames, Surrey TW18 1JE	-	-	2	Semi-Detached House
£465K	07/23	0.36 mi	3, Ash Grove, Staines-upon-thames, Surrey TW18 1JE	-	-	2	Semi-Detached House
£500K	10/21	0.37 mi	71, Brightside Avenue, Staines, Surrey TW18 1NF	-	-	2	Semi-Detached House
£500K	09/21	0.41 mi	Lansdowne, Pavilion Gardens, Staines, Surrey TW18 1LT	£7,353	68	2	Detached House
£345K	12/20	0.43 mi	33, Chestnut Grove, Staines, Surrey TW18 1DB	£5,103	68	2	Terraced House
£345K	05/21	0.44 mi	25, Kenilworth Gardens, Staines, Surrey TW18 1DW	£6,389	54	2	Terraced House
£430K	09/23	0.44 mi	33, Kenilworth Gardens, Staines-upon-thames, Surrey TW18 1DW	£5,774	74	2	Terraced House
£373K	02/21	0.5 mi	1, Fenton Avenue, Staines, Surrey TW18 1DD	£5,110	73	2	Terraced House
£395K	12/23	0.51 mi	59, Ferndale Road, Ashford, Surrey TW15 3PP	£6,077	65	2	Terraced House
£350.5K	12/20	0.51 mi	30, Ferndale Road, Ashford, Surrey TW15 3PJ	£5,842	60	2	Semi-Detached House
£485K	06/21	0.54 mi	1, Townsend Road, Ashford, Surrey TW15 3PR	£4,369	111	2	Detached House
£400K	12/22	0.55 mi	136, Worple Road, Staines-upon-thames, Surrey TW18 1EQ	£7,199	56	2	Semi-Detached House
£405K	11/20	0.55 mi	132, Worple Road, Staines, Surrey TW18 1EQ	£5,260	77	2	Terraced House
£342.5K	03/21	0.59 mi	128, Worple Road, Staines, Surrey TW18 1EQ	£6,111	56	2	Terraced House
£592K	12/20	0.6 mi	Broad View, Acacia Road, Staines-upon-thames, Surrey TW18 1BY	-	-	2	Detached House
£470K	01/23	0.6 mi	Bidart, Acacia Road, Staines-upon-thames, Surrey TW18 1BY	£5,165	91	2	Semi-Detached House
£365K	06/21	0.61 mi	57, Marlborough Road, Ashford, Surrey TW15 3PZ	£4,345	84	2	Terraced House
£352.5K	03/21	0.61 mi	28, Adelaide Road, Ashford, Surrey TW15 3LJ	£4,965	71	2	Terraced House
£415K	07/23	0.62 mi	39, Warwick Road, Ashford, Surrey TW15 3PQ	-	-	2	Semi-Detached House
£415K	09/23	0.62 mi	30, The Glade, Staines-upon-thames, Surrey TW18 1ES	£7,411	56	2	Semi-Detached House
£338K	11/20	0.62 mi	28, The Glade, Staines-upon-thames, Surrey TW18 1ES	£6,259	54	2	Semi-Detached House
£485K	10/22	0.63 mi	202, Worple Road, Staines-upon-thames, Surrey TW18 1HE	£7,027	69	2	Detached House
£420K	05/23	0.63 mi	6, Link Way, Staines-upon-thames, Surrey TW18 1EN	£7,778	54	2	Semi-Detached House
£410K	11/22	0.65 mi	51, Nursery Gardens, Staines-upon-thames, Surrey TW18 1EJ	-	-	2	Terraced House
£368K	10/20	0.65 mi	41, Nursery Gardens, Staines-upon-thames, Surrey TW18 1EJ	£5,935	62	2	Semi-Detached House
£330K	11/20	0.65 mi	3, Nursery Gardens, Staines-upon-thames, Surrey TW18 1EJ	£5,893	56	2	Semi-Detached House
£360K	06/21	0.65 mi	36, Nursery Gardens, Staines, Surrey TW18 1ET	£5,294	68	2	Semi-Detached House
£360K	06/21	0.65 mi	36, Nursery Gardens, Staines, Surrey TW18 1ET	£5,294	68	2	Semi-Detached House
£335K	03/21	0.65 mi	18, Stuart Way, Staines, Surrey TW18 1EP	£4,467	75	2	Terraced House
£342.5K	01/21	0.66 mi	138, Woodthorpe Road, Ashford, Surrey TW15 3LH	£5,112	67	2	Terraced House
£345K	04/23	0.66 mi	134, Woodthorpe Road, Ashford, Surrey TW15 3LH	-	-	2	Terraced House
£475K	11/21	0.66 mi	3, Farm Road, Staines, Surrey TW18 2RB	£7,787	61	2	Semi-Detached House
£380K	12/23	0.68 mi	12, Lansdowne Road, Staines-upon-thames, Surrey TW18 1HQ	-	-	2	Semi-Detached House
£378K	12/22	0.69 mi	35, Northfield Road, Staines-upon-thames, Surrey TW18 2SP	-	-	2	Semi-Detached House
£592K	04/23	0.69 mi	22, Florence Gardens, Staines-upon-thames, Surrey TW18 1HG	£9,070	65	2	Detached House
£345K	01/21	0.69 mi	12, Stainash Crescent, Staines, Surrey TW18 1AY	£6,273	55	2	Terraced House
£465K	11/21	0.7 mi	26, Tennyson Road, Ashford, Surrey TW15 2LN	-	-	2	Semi-Detached House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,750	10/24	0.1 mi	Laleham	2	Flat
£2,000	01/25	0.34 mi	-	2	Semi-Detached House
£2,450	10/24	0.42 mi	-	2	Flat
£1,750	10/24	0.5 mi	Staines	2	Terraced House
£1,300	10/24	0.62 mi	Worple Road, Staines Upon Thames, TW18	2	Flat
£1,700	10/24	0.67 mi	-	2	Flat
£1,650	10/24	0.72 mi	Fordbridge Road, Ashford	2	Flat
£1,800	10/24	0.79 mi	-	2	Flat
£1,800	10/24	0.79 mi	-	2	Flat
£1,800	10/24	0.79 mi	-	2	Flat
£1,450	10/24	0.8 mi	Stanwell Road	2	Flat
£1,600	10/24	0.81 mi	Laleham Road, Staines-upon-Thames, TW18	2	Flat
£1,650	10/24	0.96 mi	-	2	Flat
£1,795	04/25	0.99 mi	-	2	Flat
£1,700	11/24	1.01 mi	-	2	Flat
£1,500	04/25	1.01 mi	-	2	Flat
£1,800	10/24	1.04 mi	Staines-upon-Thames, Surrey, TW18	2	Flat
£1,625	10/24	1.05 mi	Pullmans Place, Staines, Middlesex, TW18	2	Terraced House
£1,650	01/25	1.05 mi	-	2	Flat
£1,600	12/24	1.07 mi	-	2	Flat
£1,600	02/24	1.07 mi	-	2	Flat
£1,600	10/24	1.07 mi	Staines, Surrey	2	Flat
£1,800	02/25	1.07 mi	-	2	Flat
£1,600	10/24	1.07 mi	-	2	Flat
£1,600	10/24	1.07 mi	-	2	Flat
£1,600	12/24	1.07 mi	-	2	Flat
£1,650	02/25	1.07 mi	-	2	Flat
£1,500	04/25	1.08 mi	-	2	Flat
£1,750	04/25	1.08 mi	-	2	Flat
£1,600	10/24	1.09 mi	Elmcroft Drive, Ashford	2	Flat
£1,500	10/24	1.09 mi	Kingston Road, Staines, TW18	2	Flat
£1,500	10/24	1.09 mi	St. James Court, 58-60 Kingston Road, Staines-upon-Thames, Surrey, TW18	2	Flat
£1,450	10/24	1.1 mi	Edgell Road, Staines-upon-Thames, Surrey, TW18	2	Terraced House
£1,500	10/24	1.11 mi	Laleham Road, Staines-upon-Thames, Surrey, TW18	2	Flat
£1,695	02/25	1.12 mi	-	2	Flat
£1,650	02/25	1.13 mi	-	2	Flat
£1,675	04/25	1.14 mi	-	2	Flat
£1,695	10/24	1.15 mi	Kingston Road,Staines,TW18	2	Detached House
£2,200	02/25	1.16 mi	-	2	Detached House
£1,500	10/24	1.16 mi	-	2	Flat
£1,550	12/24	1.16 mi	-	2	Flat
£1,900	02/24	1.17 mi	-	2	Flat
£2,100	01/25	1.17 mi	-	2	Flat
£1,580	04/25	1.18 mi	-	2	Flat
£1,500	10/24	1.18 mi	Parkland Grove, ASHFORD	2	Flat
£1,700	10/24	1.23 mi	Farnell Road, Staines-Upon-Thames	2	Flat
£1,650	10/24	1.23 mi	Farnell Road, Staines-Upon-Thames, TW18	2	Terraced House
£1,650	04/25	1.23 mi	-	2	Terraced House
£1,750	03/25	1.24 mi	-	2	Flat
£1,495	02/25	1.24 mi	-	2	Flat

Local Area Statistics

Population in TW18	25,45825,458
Population in Staines	41,63841,638
Town centre distance	1.12 miles away1.12 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.10 miles away1.10 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+7%+7%

Property History

Listed for £394,000

November 1, 2024

Floor Plans

Description

No onward chain +
Two double bedrooms +
Requires renovation +
Popular location +
Large rear garden +
End of terrace +

We are acting in the sale of the above property and have received an offer of £400,000 on the above property.

Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place

Offered with no onward chain, this two bedroom house provides a great renovation project to create your perfect home.

Situated on the ever-popular residential Royal Estate the house is approximately five minutes’ drive from both Staines Station and Town Centre.

The ground floor accommodation consists of an L-shape living/dining room and a kitchen with access to the garden. Upstairs are two double bedrooms, a bathroom and separate W/C. To the rear is a large private garden and there is plenty of residents parking.

Agent Details

Stirling Ackroyd Sales, Staines

01784 779579

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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