2 Bed Bungalow, Refurb/BRRR, Bideford, EX39 1PY, £200,000
18 Pitt Avenue, Appledore, Bideford, EX39 1PY - 5 months ago
Sold STC
Refurb/BRRR
~68 m²





+8 photos
ValuationFair Value
Sold Prices | £147.5K - £600K |
Sold Prices/m² | £1.8K/m² - £11.8K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £2.9K/m² |
Value Estimate | £200,000 |
| |
End Value (After Refurb) | £245,717 |
Uplift in Value | +23% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £50,000 |
Stamp Duty & Legal Fees | £11,200 |
Refurb Costs | £27,612 |
Bridging Loan Interest | £5,250 |
Total Cash In | £95,812 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £245,717 |
Mortgage (After Refinance) | £184,288 |
Mortgage LTV | 75% |
Cash Released | £34,288 |
Cash Left In | £61,524 |
Equity | £61,429 |
Rent Range | £550 - £1,750 |
Rent Estimate | £873 |
Running Costs/mo | £962 |
Cashflow/mo | £-89 |
Cashflow/yr | £-1,074 |
Gross Yield | 5% |
Local Sold Prices
29 sold prices from £147.5K to £600K, average is £252K. £1.8K/m² to £11.8K/m², average is £3.8K/m².
Local Rents
51 rents from £550/mo to £1.8K/mo, average is £825/mo.
Local Area Statistics
Population in EX39 | 37,175 |
Town centre distance | 2.52 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 5.96 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +5% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +21% |
Property History
Listed for £200,000
November 6, 2024
Floor Plans

Description
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