2 Bed Bungalow, Refurb/BRRR, Bideford, EX39 1HP, £335,000

33 SWANSWOOD GARDENS, WESTWARD HO!, BIDEFORD, EX39 1HP - 5 months ago

Sold STC
Refurb/BRRR
~102 m²
+19 photos

ValuationFair Value

Sold Prices£142.5K - £427.5K
Sold Prices/m²£2.6K/m² - £5.1K/m²

 

 

Square Metres

~102 m²
Price/m²£3.3K/m²

Value Estimate

£341,700

 

 

End Value (After Refurb)

£341,269

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£41,350

Bridging Loan Interest

£8,794

Total Cash In

£160,344

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£341,269

Mortgage (After Refinance)

£255,951

Mortgage LTV

75%

Cash Released

£4,701

Cash Left In

£155,642

Equity

£85,317

Rent Range

£640 - £1,100

Rent Estimate

£815

Running Costs/mo

£1,249

Cashflow/mo

£-434

Cashflow/yr

£-5,214

Gross Yield

3%

Local Sold Prices

41 sold prices from £142.5K to £427.5K, average is £222K. £2.6K/m² to £5.1K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£245K04/210.02 mi43, Swanswood Gardens, Westward Ho, Bideford, Devon EX39 1HP2
£290K03/230.02 mi23, Swanswood Gardens, Westward Ho, Bideford, Devon EX39 1HP2
£317.5K05/210.11 miOldfield, Golf Links Road, Westward Ho, Bideford, Devon EX39 1HH2
£220K10/200.23 mi28, Shoreland Way, Westward Ho, Bideford, Devon EX39 1UD2
£166K11/210.26 mi485, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£197K07/230.26 mi551, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£185K03/230.26 mi527, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£175K03/230.26 mi498, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£165K07/210.26 mi543, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£142.5K04/210.27 mi15, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£160K06/230.27 mi23, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£145K10/200.27 mi18, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£150K09/210.27 mi13, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£179K04/210.33 mi9, Ensign Court, Westward Ho, Bideford, Devon EX39 1UN2
£246K04/230.34 mi8, Commodore Close, Westward Ho, Bideford, Devon EX39 1UR2
£250K02/230.34 mi22, Britannia Way, Westward Ho, Bideford, Devon EX39 1UP2
£340K03/210.48 mi17, Lundy View, Northam, Bideford, Devon EX39 1BE2
£385K12/220.51 mi15, The Links, Northam, Bideford, Devon EX39 1LS2
£316K09/210.54 mi4, Highfield, Northam, Bideford, Devon EX39 1BB2
£427.5K11/210.56 mi15, Green Gardens, Northam, Bideford, Devon EX39 3QG2
£361K12/220.57 mi23, Bay View Road, Northam, Bideford, Devon EX39 1AY2
£334K02/210.6 mi2, Fairlea Crescent, Northam, Bideford, Devon EX39 1BD2
£230K06/210.71 mi7, West Moor Way, Northam, Bideford, Devon EX39 1SP2
£212K02/210.72 mi1, Windsor Road, Northam, Bideford, Devon EX39 1EN2
£310K12/210.74 mi12, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£205K11/200.74 mi9, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£205K11/200.74 mi9, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£230K05/210.74 mi6, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£147.5K03/210.81 mi4, Causeway Close, Northam, Bideford, Devon EX39 1SN2
£180K01/210.81 mi26, Castle Street, Northam, Bideford, Devon EX39 1AT2
£222K07/230.82 mi5, Oakfield Terrace, Northam, Bideford, Devon EX39 1DS2
£215K03/230.82 mi3a, Cross Street, Northam, Bideford, Devon EX39 1BS2
£200K01/210.82 mi21, Cross Street, Northam, Bideford, Devon EX39 1BS2
£215K11/220.87 miLaurel Cottage, 3a, North Street, Northam, Bideford, Devon EX39 1DH2
£227K12/220.89 mi3, Lily Close, Northam, Bideford, Devon EX39 1EH2
£170K01/210.89 mi44, Cross Street, Northam, Bideford, Devon EX39 1BX2
£305K03/210.96 mi15, Wren Close, Northam, Bideford, Devon EX39 1UU2
£232K10/200.96 mi19, Wren Close, Northam, Bideford, Devon EX39 1UU2
£285K05/210.98 mi7, Daneshay, Northam, Bideford, Devon EX39 1DG2
£235K12/200.99 mi56, J H Taylor Drive, Northam, Bideford, Devon EX39 1TU2
£230K01/210.99 mi54, J H Taylor Drive, Northam, Bideford, Devon EX39 1TU2

Local Rents

18 rents from £640/mo to £1.1K/mo, average is £788/mo.

RentDateDistanceAddressBeds 
£1,10004/240.13 miGolf Links Road, Westward Ho, Bideford2
£85004/240.2 miRidgeway Court, Westward Ho, EX392
£85005/240.2 mi-2
£95003/240.26 mi-2
£95006/240.26 mi-2
£85010/240.28 mi-2
£64004/240.28 miKala Fair, Westward Ho2
£77510/230.49 mi-2
£65010/230.77 mi-2
£75504/240.77 mi-2
£72509/240.77 mi-2
£71504/250.77 mi-2
£82504/240.78 miFore Street, Bideford, Devon2
£80005/240.86 miNorth Street, Bideford, Devon2
£75005/240.92 miCarnegie North, Clevelands Park, Northam, Bideford, EX392
£75005/240.92 miCarnegie North, Clevelands Park, Northam, Bideford, EX392
£85004/241.04 miKimberley Park, Bideford, Devon2
£72510/241.13 mi-2

Local Area Statistics

Population in EX39

37,175

Town centre distance

2.08 miles away

Nearest school

0.70 miles away

Nearest train station

7.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £335,000

November 16, 2024

Floor Plans

Description

Detached two bed bungalow with distance estuary glimpses, a large level plot and an attractive, well kept south facing rear garden occupying a quiet cul de sac position not far from the centre of Westward Ho! The property is in need of modernising and updating. NO ONWARD CHAIN.

Gas centrally heated and uPVC double glazed detached bungalow with labour saving brick external elevations occupying a quiet cul de sac position, large level plot south facing at rear with distance estuary glimpses.

Originally built circa late 1960’s/early 1970 with tradition cavity brick and block main external wall construction retrospectively insulated plus cement rendered panel to the front and hanging tiled gable end all beneath a underfelted dual pitched and concrete tile covered main roof.

uPVC double glazed replacement windows and external doors (excepting to the rear of the conservatory), PVC fascias and rainwater goods.

Set upon a level plot with picket fence enclosed front garden and open single car length concrete driveway plus due south facing landscaped rear garden with summer house.

There are glimpses of the estuary and Bideford Bay.

The centre of the seaside of Westward Ho! is just over ¼ mile away with its traditional resort facilities, promenade, long sandy beach and miles of unspoilt Cliffside walks. The Royal North Devon Championship Golf Course is also nearby.

The neighbouring Northam village has an indoor heated swimming pool complex, Dental surgery, Medical centre, Library and Junior/Infants Schools.

The Port and Market town of Bideford is approx. 3 miles distant and the North Devon Link road within 2 miles. Regular bus services commute within the vicinity.

SERVICES: All mains connected. Gas fired central heating.

COUNCIL TAX: Band C.

TENURE: Freehold.

DIRECTIONS: From Bideford proceed as to Northam village but continue along the bypass as to Westward Ho! and along the Atlantic Way route. Some half way along take the turning right down into Beach Road and then first left into Swanswood Gardens. Continue around to the right and then take the left hand cul de sac where Number 33 will be found on the left.

ACCOMMODATION: (All measurements are approximate).

Fully enclosed ENTRANCE PORCH:

RECEPTION HALL: 2.01m x 1.63m (6’7” x 5’4”). Radiator.

CLOAKROOM: Refurbished with low level WC and vanity wash basin. Wall mounted metal cased electric consumer unit. Vinyl flooring and Aqua wall boarding.

LOUNGE/DINER: 6.36m x 4.04m (20’10” x 13’3”). Original tiled fireplace and hearth with coal effect gas fire. 2 Radiators. Fitted carpet. North facing picture window with glimpses to the sea and estuary.

INNER HALL: Hatch to roof space with foldaway access ladder.

SHOWER ROOM: 2.0m x 1.65m (6’6” x 5’4”). Refurbished with large walk in shower cubicle, combination vanity wash basin and low level WC. Radiator. Aquaboard lined walls. Vinyl flooring.

REAR BEDROOM 1: 4.02m x 3.64m plus door recess (13’2” x 11’11”). Radiator. Fitted carpet. South facing window overlooking garden.

REAR BEDROOM 2: 3.05m x 3.0m (10’ x 9’10”). Radiator. New fitted carpet. South facing window overlooking garden.

KITCHEN: (off reception hall) 2.67m x 2.62m extending to 3.28m (8’9” x 8’7” extending to 10’9”). Including built in larder cupboard and storage cupboard – including the Ideal Logic combination C30 gas central heating and hot water boiler (new 2021 with balance of 7 year warranty). Basic pine fronted cabinets and single drainer stainless steel sink unit. Wall serving hatch to lounge. Double radiator.

SIDE CONSERVATORY PASSAGE: 4.4m x 1.82m (14’5” x 5’11”). Front uPVC double glazed door with rear wood framed single glazed sliding door and screen to garden.

Connecting doors to:

GARAGE: 5.17m x 2.53m (17’ x 8’3”). Having metal up and over door. Power and light connected.

UTILITY: 2.24m x 2.51m (7’4” x 8’2”). Single drainer stainless steel sink unit. Storage cabinets.

EXTERNALLY: Level gardens with picket fenced enclosed lawn to the front, concrete driveway and gated side path to the due south facing and well enclosed rear garden, lawned with beds, bushes and small trees. Paved terracing and wooden summer house.

Overall plot approx. 36m (depth) x 13.4m (width) (118’ x 44’).

Agent Details

Brights, Bideford

01237 870486

Next Steps?

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