2 Bed Bungalow, Refurb/BRRR, Staines, TW18 2RW, £550,000

34 Grosvenor Road, Staines-upon-Thames, Surrey TW18 2RW - 4 views - 5 months ago

Sold STC
Refurb/BRRR
~68 m²
+13 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£8.1K/m²

Value Estimate

£374,610

 

 

End Value (After Refurb)

£536,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£36,033

Bridging Loan Interest

£14,438

Total Cash In

£222,420

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£536,250

Mortgage (After Refinance)

£402,188

Mortgage LTV

75%

Cash Left In

£222,420

Equity

£134,063

Rent Range

£1,300 - £2,450

Rent Estimate

£1,675

Running Costs/mo

£2,031

Cashflow/mo

£-356

Cashflow/yr

£-4,269

Gross Yield

4%

Local Sold Prices

50 sold prices from £180K to £613K, average is £390K. £2.3K/m² to £10.6K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£562.5K04/210.08 mi9, Grosvenor Road, Staines, Surrey TW18 2RN2
£180K03/210.09 mi24, Parkside Place, Staines, Surrey TW18 2QZ2
£360K06/210.13 mi36, Nursery Gardens, Staines, Surrey TW18 1ET2
£360K06/210.13 mi36, Nursery Gardens, Staines, Surrey TW18 1ET2
£410K11/220.14 mi51, Nursery Gardens, Staines-upon-thames, Surrey TW18 1EJ2
£368K10/200.14 mi41, Nursery Gardens, Staines-upon-thames, Surrey TW18 1EJ2
£330K11/200.14 mi3, Nursery Gardens, Staines-upon-thames, Surrey TW18 1EJ2
£415K09/230.16 mi30, The Glade, Staines-upon-thames, Surrey TW18 1ES2
£338K11/200.16 mi28, The Glade, Staines-upon-thames, Surrey TW18 1ES2
£380K12/230.16 mi12, Lansdowne Road, Staines-upon-thames, Surrey TW18 1HQ2
£420K05/230.17 mi6, Link Way, Staines-upon-thames, Surrey TW18 1EN2
£335K03/210.18 mi18, Stuart Way, Staines, Surrey TW18 1EP2
£373.5K02/240.18 mi12, Commercial Road, Staines-upon-thames, Surrey TW18 2QL2
£342.5K03/210.19 mi128, Worple Road, Staines, Surrey TW18 1EQ2
£405K11/200.22 mi132, Worple Road, Staines, Surrey TW18 1EQ2
£592K04/230.23 mi22, Florence Gardens, Staines-upon-thames, Surrey TW18 1HG2
£400K12/220.23 mi136, Worple Road, Staines-upon-thames, Surrey TW18 1EQ2
£485K10/220.23 mi202, Worple Road, Staines-upon-thames, Surrey TW18 1HE2
£355K08/230.23 mi7, Commercial Road, Staines-upon-thames, Surrey TW18 2QJ2
£475K11/210.27 mi3, Farm Road, Staines, Surrey TW18 2RB2
£500K09/210.37 miLansdowne, Pavilion Gardens, Staines, Surrey TW18 1LT2
£420K06/230.38 mi74, Wheatsheaf Lane, Staines-upon-thames, Surrey TW18 2LR2
£340K03/210.4 mi93, Laleham Road, Staines, Surrey TW18 2EB2
£450K09/210.41 mi10, Riverside Road, Staines, Surrey TW18 2LE2
£360K04/230.43 mi91, Laleham Road, Staines-upon-thames, Surrey TW18 2EB2
£338K01/240.43 mi97, Laleham Road, Staines-upon-thames, Surrey TW18 2EB2
£400K11/220.44 mi12, Langley Road, Staines-upon-thames, Surrey TW18 2EH2
£613K03/210.46 mi113, Thames Side, Staines, Surrey TW18 2HQ2
£492.5K03/230.47 mi31, Ash Grove, Staines-upon-thames, Surrey TW18 1JE2
£465K07/230.47 mi3, Ash Grove, Staines-upon-thames, Surrey TW18 1JE2
£345K01/210.48 mi12, Stainash Crescent, Staines, Surrey TW18 1AY2
£345K12/200.49 mi33, Chestnut Grove, Staines, Surrey TW18 1DB2
£496.3K12/230.5 mi30, Edgell Road, Staines-upon-thames, Surrey TW18 2ES2
£370K05/210.5 mi20, Edgell Road, Staines, Surrey TW18 2ES2
£575K04/210.5 miWoodpeckers, Riverside, Staines-upon-thames, Surrey TW18 3NH2
£565K04/230.51 mi4, Mayfield Gardens, Staines-upon-thames, Surrey TW18 3LG2
£500K10/210.52 mi71, Brightside Avenue, Staines, Surrey TW18 1NF2
£459K11/220.54 mi10, Budebury Road, Staines-upon-thames, Surrey TW18 2AX2
£328.5K02/210.56 mi4, Willowmead, Staines, Surrey TW18 2SH2
£365K08/210.56 mi12, Willowmead, Staines, Surrey TW18 2SH2
£377K05/230.56 mi12, Willowmead, Staines-upon-thames, Surrey TW18 2SH2
£373K02/210.57 mi1, Fenton Avenue, Staines, Surrey TW18 1DD2
£378K12/220.59 mi35, Northfield Road, Staines-upon-thames, Surrey TW18 2SP2
£592K12/200.59 miBroad View, Acacia Road, Staines-upon-thames, Surrey TW18 1BY2
£470K01/230.59 miBidart, Acacia Road, Staines-upon-thames, Surrey TW18 1BY2
£490K11/210.61 mi53, Chertsey Lane, Staines-upon-thames, Surrey TW18 3LA2
£350K04/210.63 mi19, Arnold Road, Staines, Surrey TW18 1LY2
£345K05/210.63 mi25, Kenilworth Gardens, Staines, Surrey TW18 1DW2
£430K09/230.63 mi33, Kenilworth Gardens, Staines-upon-thames, Surrey TW18 1DW2
£375K03/240.65 mi29, Laleham Road, Staines-upon-thames, Surrey TW18 2DS2

Local Rents

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

RentDateDistanceAddressBeds 
£1,60010/240.15 miLaleham Road, Staines-upon-Thames, TW182
£1,80010/240.16 mi-2
£1,80010/240.16 mi-2
£1,80010/240.16 mi-2
£1,65010/240.18 mi-2
£1,60010/240.35 miStaines, Surrey2
£1,30010/240.37 miWorple Road, Staines Upon Thames, TW182
£1,50010/240.39 miLaleham Road, Staines-upon-Thames, Surrey, TW182
£1,58004/250.4 mi-2
£1,50010/240.41 mi-2
£1,55012/240.41 mi-2
£1,70011/240.46 mi-2
£1,50004/250.46 mi-2
£2,00001/250.46 mi-2
£2,45010/240.49 mi-2
£1,45010/240.53 miEdgell Road, Staines-upon-Thames, Surrey, TW182
£1,75010/240.57 miStaines2
£1,69502/250.6 mi-2
£1,49502/250.61 mi-2

Local Area Statistics

Population in TW18

25,458

Population in Staines

41,638

Town centre distance

0.56 miles away

Nearest school

0.30 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Listed for £550,000

November 14, 2024

Floor Plans

Description

  • Detached Bungalow +
  • Two Bedrooms +
  • No Onward Chain +
  • Renovation Opportunity +
  • Large Plot +
  • Off-street Parking +

Spacious Chain-Free Two-Bedroom Detached Bungalow on Large Plot in Staines – Renovation Opportunity situated on a substantial plot in a desirable area of Staines, this chain-free two-bedroom detached bungalow offers excellent potential for those looking to renovate and make it their own.

Spacious Chain-Free two-bedroom detached bungalow on large plot in Staines – Renovation Opportunity. Situated on a substantial plot in a desirable area of Staines, this chain-free two-bedroom detached bungalow offers excellent potential for those looking to renovate and make it their own. The property features two well-sized bedrooms, a spacious living area, and a kitchen with dining space, all providing a solid foundation for modern updates. Outside, the large plot offers generous garden space and ample driveway parking. Ideal for investors or buyers seeking a renovation project, this property is a unique opportunity to create a custom home in a peaceful, convenient location. EPC Rating E
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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