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.

PriceDateDistanceAddressBeds 
£160K03/230.1 mi5, Pitt Court, Appledore, Bideford, Devon EX39 1PU2
£267.5K04/210.22 mi1, Market Street, Appledore, Bideford, Devon EX39 1PW2
£252K10/200.23 mi31, Staddon Road, Appledore, Bideford, Devon EX39 1RF2
£362.5K06/210.23 mi41, Staddon Road, Appledore, Bideford, Devon EX39 1RF2
£270K12/220.23 mi3, Gibbs Lane, Appledore, Bideford, Devon EX39 1PR2
£281K08/230.23 mi29, Staddon Road, Appledore, Bideford, Devon EX39 1RF2
£310K10/210.43 mi90, Irsha Street, Appledore, Bideford, Devon EX39 1RY2
£530K07/230.49 mi3, Irsha Street, Appledore, Bideford, Devon EX39 1RZ2
£400K06/230.49 mi28, Irsha Street, Appledore, Bideford, Devon EX39 1RZ2
£395K12/210.62 miMiddlecott, Bridge Lane, Instow, Bideford, Devon EX39 4JD2
£377.5K07/230.68 miSmugglers Cottage, Marine Parade, Instow, Bideford, Devon EX39 4JJ2
£170K03/210.73 mi53, Kimberley Park, Northam, Bideford, Devon EX39 1GQ2
£380.3K03/230.75 miHove To, Lane End, Instow, Bideford, Devon EX39 4LB2
£180K07/210.75 mi16, Kimberley Park, Northam, Bideford, Devon EX39 1GG2
£319.1K03/210.78 mi6, White House Close, Instow, Bideford, Devon EX39 4NB2
£235K12/200.8 mi56, J H Taylor Drive, Northam, Bideford, Devon EX39 1TU2
£230K01/210.8 mi54, J H Taylor Drive, Northam, Bideford, Devon EX39 1TU2
£600K01/230.81 miLundy View, Millards Hill, Instow, Bideford, Devon EX39 4JS2
£285K05/210.85 mi7, Daneshay, Northam, Bideford, Devon EX39 1DG2
£227K12/220.88 mi3, Lily Close, Northam, Bideford, Devon EX39 1EH2
£222K07/230.98 mi5, Oakfield Terrace, Northam, Bideford, Devon EX39 1DS2
£310K12/210.98 mi12, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£205K11/200.98 mi9, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£205K11/200.98 mi9, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£230K05/210.98 mi6, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£240K02/230.99 mi25, King Alfred Crescent, Northam, Bideford, Devon EX39 1UE2
£215K11/220.99 miLaurel Cottage, 3a, North Street, Northam, Bideford, Devon EX39 1DH2
£147.5K03/211 mi4, Causeway Close, Northam, Bideford, Devon EX39 1SN2
£170K01/211 mi44, Cross Street, Northam, Bideford, Devon EX39 1BX2

Local Rents

51 rents from £550/mo to £1.8K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£1,30005/240.07 miOdun Terrace, Appledore3
£81505/240.19 miThe Quay, Appledore, Bideford2
£65004/240.22 miBude Street, Appledore, Bideford1
£65004/240.22 miBude Street, Appledore, Bideford1
£97505/240.23 miFactory Ope, Appledore3
£1,30004/240.25 miMeeting Street3
£1,50005/240.25 miMeeting Street, Bideford4
£95005/240.28 miVernons Lane, Appledore, Bideford, EX392
£75004/240.31 miMyra Court, Irsha Street, Appledore2
£1,30005/240.52 miIrsha Street, Appledore, Bideford4
£1,55004/240.71 miKiln Close Lane, Instow, Bideford4
£85004/240.72 miKimberley Park, Bideford, Devon2
£1,30004/240.79 miJH Taylor Drive, Northam, Bideford, Devon, EX394
£86003/240.94 miWindsor Road, Bideford3
£86004/240.96 miWindsor Road, Bideford3
£92507/240.97 mi-3
£80005/240.98 miNorth Street, Bideford, Devon2
£82504/241.1 miFore Street, Bideford, Devon2
£75005/241.18 miCarnegie North, Clevelands Park, Northam, Bideford, EX392
£75005/241.18 miCarnegie North, Clevelands Park, Northam, Bideford, EX392
£97503/241.19 mi-3
£77510/231.31 mi-2
£1,75004/251.37 mi-3
£64004/241.44 miKala Fair, Westward Ho2
£95003/241.45 mi-2
£95006/241.45 mi-2
£85005/241.52 mi-2
£85004/241.52 miRidgeway Court, Westward Ho, EX392
£85004/241.62 miRiverside Court, Bideford, Devon2
£1,10004/241.69 miGolf Links Road, Westward Ho, Bideford2
£65010/231.76 mi-2
£75504/241.76 mi-2
£72509/241.76 mi-2
£71504/251.76 mi-2
£1,35006/241.86 mi-3
£95003/241.92 miSpringfield Terrace, Westward Ho Bideford3
£72510/241.97 mi-2
£60010/231.99 mi-1
£62505/241.99 miCleveland Terrace, Kingsley Road, Westward Ho!1
£85010/242 mi-2
£1,15003/242.04 miYelland3
£55005/242.11 miAtlantic Way, Westward Ho!, Devon1
£65006/242.15 mi-1
£65006/242.17 mi-1
£58004/242.18 miManchester House, Bideford, Devon2
£75005/242.18 miWatkins Way, Bideford, EX392
£77503/242.19 miBiddiblack Way, Bideford, Devon2
£1,37504/242.21 miRogers Crescent, Bideford, Devon4
£70007/232.21 mi-3
£59509/232.21 mi-1
£62504/242.22 miColdharbour, Bideford2

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

  • Cosy Semi-Detached Bungalow +
  • Far-Reaching Estuary Views +
  • A Wonderful Refurbishment Opportunity +
  • Comfortable Lounge +
  • Kitchen/Diner +
  • Well-Fitted Shower Room +
  • Wraparound Gardens +
  • Much Sought-After Location +
  • Short Walk To Appledore Quay +
  • To Book Your Viewing, Quote Ref: JF0919 +

TO BOOK YOUR VIEWING, WHEN CALLING PLEASE QUOTE REF: JF0919 WELCOME HOME Tucked away within this quiet cul-de-sac and just a short walk from Appledore's vibrant quayside, this cosy 2 bedroom semi-detached bungalow is perfectly placed within the village, and enjoys far reaching estuary views. The property has been well-maintained and is presented immaculately throughout, however some further modernisation is also required. There are also delightful wrap around gardens that extend at the rear. In all, this charming bungalow presents a wonderful opportunity to those seeking their first home or an easy to run property within this much sought-after position.  STEP INSIDE With steps down from the road, the bungalow opens to a comfortable sitting room with an attractive gas coal effect fire with display recesses either side. The accommodation then opens to a kitchen/diner at the rear, 2 bedrooms and a well-fitted shower room. The kitchen is fitted with a range of work surfaces comprising a stainless steel sink and drainer with drawers and cupboards below and matching wall units over, spaces for appliances including a cooker, fridge & freezer, plumbing for a washing machine, wall-mounted gas boiler and door to outside. The shower room is fitted with a white suite comprising a shower, low-level W.C, wash basin and chrome heated towel rail.  **OUTSIDE & PARKING ** The property enjoys delightful wrap around lawned gardens with attractive flower beds and borders. There is side access to the rear where there is a useful store, lawned garden and a level patio. On-road parking is available on a first come, first served basis. It is felt that there is potential to create off-road parking, subject to the necessary planning consents (buyers will need to make their own enquiries).   LOCATION Nestled along the estuary of the River Torridge, Appledore exudes quintessential charm with its narrow streets, colourful fishermen’s cottages, and panoramic views of the rugged North Devon coastline. This picturesque village, now arguably one of North Devon's most sought-after coastal locations, is steeped in maritime heritage and boasts a rich history of shipbuilding and fishing, evident in its bustling quayside adorned with cafés, galleries, award-winning restaurants and the pedestrian ferry to Instow in the summer months. The village also holds a number of events throughout the year including the Arts & Crafts festival and internationally renowned Book Festival. Residents and visitors can simply soak in the atmosphere of this idyllic coastal retreat. With stunning coastal walks, panoramic views, and a vibrant atmosphere, Appledore is one of North Devon’s choice coastal locations along with the nearby villages of Westward Ho!, with it's glorious sandy beach, and Instow, with a riverside beach, popular with families and dog walkers alike.   The port town of Bideford provides a wider range of facilities including a number of locally owned and operated shops and bistros, banks, a post office, secondary schooling and supermarket shopping. There is access to the Tarka Trail, perfect for walkers and cyclists, connecting from Torrington to Barnstaple and beyond. From here, the A39 provides a convenient route to Barnstaple, with High Street shopping and the Tarka rail line to Exeter in the South. The A39 links up with the A361 to Tiverton, where there is a direct rail connection to London Paddington. To the West of Bideford, and further along the A39 is Bude, the gateway to the North Cornwall coast.  USEFUL INFORMATION

  • Services: All mains connected. Gas-fired central heating.
  • Tenure: Freehold
  • EPC: C
  • Council Tax: Band A
  • Local Authority: Torridge District Council
  • Sellers Position: No Onward Chain! VIEWINGS By appointment only with the sole selling agent.  NORTH DEVON    Where the rugged coastline meets rolling countryside. With its charming villages, nestled among lush green landscapes, and renowned beaches attracting surfers and sun-seekers alike, North Devon offers an unparalleled lifestyle. Whether you’re drawn to the vibrant culture, the tranquil beauty, or the rich maritime heritage, there’s something for everyone. With a diverse range of properties, from quaint cottages and luxury coastal homes to grand country estates, North Devon promises not just a place to live, but a way of life.                                                                 AGENTS NOTE Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate, and photographs provided for guidance only.

Agent Details

eXp UK, South West

03304 609968

Next Steps?

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