3 Bed Bungalow, Refurb/BRRR, Barnstaple, EX32 8DH, £365,000

40 SUNSET HEIGHTS, BARNSTAPLE, DEVON, EX32 8DH - 1 views - 5 months ago

Refurb/BRRR
ROI: 1%
103 m²
+14 photos

ValuationOvervalued

Sold Prices£125K - £385K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

103 m²
Price/m²£3.5K/m²

Value Estimate

£215,100

 

 

End Value (After Refurb)

£258,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£27,700

Refurb Costs

£42,086

Bridging Loan Interest

£9,581

Total Cash In

£172,367

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£258,000

Mortgage (After Refinance)

£193,500

Mortgage LTV

75%

Cash Left In

£172,367

Equity

£64,500

Rent Range

£730 - £2,500

Rent Estimate

£1,289

Running Costs/mo

£1,084

Cashflow/mo

£205

Cashflow/yr

£2,459

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £125K to £385K, average is £202.8K. £1.2K/m² to £3.9K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£385K09/210.04 mi17, Sunset Heights, Barnstaple, Devon EX32 8DH3
£310K03/210.04 mi36, Sunset Heights, Barnstaple, Devon EX32 8DH3
£307K06/210.04 mi8, Sunset Heights, Barnstaple, Devon EX32 8DH3
£202.5K08/210.07 mi15, Bicton Street, Barnstaple, Devon EX32 7DY3
£148K07/230.1 mi37, Sunflower Road, Barnstaple, Devon EX32 7DU3
£195K11/220.1 mi31, Sunflower Road, Barnstaple, Devon EX32 7DU3
£215K11/200.11 mi36, Fort Street, Barnstaple, Devon EX32 8BJ3
£380K11/220.14 mi1, Langarron Park, Barnstaple, Devon EX32 8BT3
£180K02/210.15 mi9, Grosvenor Street, Barnstaple, Devon EX32 7DT3
£130K09/210.15 mi59, Charles Dart Crescent, Barnstaple, Devon EX32 7ED3
£202K02/210.16 mi9, Richmond Street, Barnstaple, Devon EX32 7DP3
£180K07/210.16 mi15, Richmond Street, Barnstaple, Devon EX32 7DP3
£164.5K12/200.16 mi2, Richmond Street, Barnstaple, Devon EX32 7DP3
£187.5K08/210.16 mi16, Richmond Street, Barnstaple, Devon EX32 7DP3
£345K10/220.16 mi67, Chanters Hill, Barnstaple, Devon EX32 8DE3
£136K12/200.18 mi10, Lower Gaydon Street, Barnstaple, Devon EX32 7DW3
£235K09/210.18 mi36a, Bicton Street, Barnstaple, Devon EX32 7EA3
£210K07/210.2 mi27, Charles Dart Crescent, Barnstaple, Devon EX32 7EB3
£125K11/200.2 mi19, Pulchrass Street, Barnstaple, Devon EX32 8JS3
£200K12/210.2 mi18, Pulchrass Street, Barnstaple, Devon EX32 8JS3
£125K08/210.2 mi12, Pulchrass Street, Barnstaple, Devon EX32 8JS3
£221K11/220.21 mi53, Bicton Street, Barnstaple, Devon EX32 7EA3
£230K08/210.21 mi8, Ashleigh Road, Barnstaple, Devon EX32 8JX3
£180K06/230.25 mi15, Belmont Road, Barnstaple, Devon EX32 7HF3
£217K03/230.25 mi8, Belmont Road, Barnstaple, Devon EX32 7HF3
£315K04/210.26 miGlenavon, Barbican Lane, Barnstaple, Devon EX32 8LB3
£204K03/230.26 mi14, Trinity Street, Barnstaple, Devon EX32 8HX3
£145K06/210.26 mi20, Trinity Street, Barnstaple, Devon EX32 8HX3
£182.5K05/210.27 mi16, Vicarage Lawn, Barnstaple, Devon EX32 7BW3
£260K11/220.27 mi11, Barbican Road, Barnstaple, Devon EX32 9HW3
£165K05/210.28 mi8, Ceramic Terrace, Barnstaple, Devon EX32 8JD3
£185K07/210.28 mi3, Martin Road, Barnstaple, Devon EX32 7EL3
£157K03/210.28 mi11, Martin Road, Barnstaple, Devon EX32 7EL3
£235K01/230.28 mi37, St Marys Road, Barnstaple, Devon EX32 7EY3
£250K05/230.28 mi30, St Marys Road, Barnstaple, Devon EX32 7EY3
£330K07/230.29 mi9, Highfield Close, Barnstaple, Devon EX32 8LG3
£250K07/230.29 mi43, Chanters Hill, Barnstaple, Devon EX32 8DW3
£195K01/230.3 mi32, Poltimore Lawn, Barnstaple, Devon EX32 7HL3
£295K03/210.31 miJasmine House, Goodleigh Road, Barnstaple, Devon EX32 7EQ3
£160K02/210.32 mi35, Churchill Close, Barnstaple, Devon EX32 7HJ3
£203K12/200.33 mi16, King Edward Street, Barnstaple, Devon EX32 7BE3
£200K07/210.33 mi22, King Edward Street, Barnstaple, Devon EX32 7BE3
£218K03/210.34 mi6, Britten Drive, Barnstaple, Devon EX32 8AQ3
£310K02/210.34 mi15, Hayne Park, Barnstaple, Devon EX32 8DT3
£245K11/220.35 mi9, Lauderdale, Barnstaple, Devon EX32 8DU3
£180K03/210.35 mi31, Coronation Street, Barnstaple, Devon EX32 7AZ3
£185K07/210.36 mi2, Victoria Close, Barnstaple, Devon EX32 9HX3
£177K02/230.36 mi1, Victoria Close, Barnstaple, Devon EX32 9HX3
£228K03/210.36 mi6, Grieg Drive, Barnstaple, Devon EX32 8AG3
£230K06/210.36 mi17, Grieg Drive, Barnstaple, Devon EX32 8AG3

Local Rents

11 rents from £730/mo to £2.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,20009/240.15 mi-3
£2,50001/250.16 mi-3
£2,50002/250.16 mi-3
£1,50002/250.16 mi-3
£78505/240.19 mi-3
£78505/240.19 mi-3
£1,00010/240.24 mi-3
£92503/240.28 miMartin Road, Barnstaple, Devon, EX323
£73005/240.29 miBoutport Street, Barnstaple, Devon3
£95004/240.4 miGranville Avenue, Barnstaple, Devon, EX323
£80011/240.57 mi-3

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.42 miles away

Nearest school

0.10 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £365,000

November 21, 2024

Floor Plans

Description

  • DETACHED THREE BEDROOM BUNGALOW +
  • AMPLE OFF ROAD PARKING WITH A SINGLE GARAGE +
  • MODERN KITCHEN +
  • TWO SPACIOUS AND LIGHT LIVING ROOMS +
  • THREE BEDROOMS +
  • WET ROOM +
  • SOUTH FACING REAR GARDEN +
  • CLOSE TO AMENITIES AND FACILITIES +
  • A SHORT DRIVE OR WALK TO BARNSTAPLE TOWN CENTRE +
  • A MUST VIEW +

Chequers Estate Agents are delighted to present this three bedroom detached bungalow, situated within a sought after, edge of town location. Benefiting from an attractive plot, single garage and ample off road parking.

Chequers Estate Agents welcomes you to view 40 Sunset Heights, a detached, three bedroom bungalow, situated within a good size plot with ample parking. The property is approached via a driveway, that provides parking for four cars and a pathway leading to the front door. The property has been a much loved home but is in need of some updating.

The accommodation briefly comprises: a welcoming entrance hallway with level access to all the ground floor rooms. The hallway leads to a spacious and light living room. The kitchen has plenty of cupboard space and overlooks the rear garden. There is a further dining room with patio doors to the garden. There are two double bedrooms, a smaller single and as a wet room.

To the front is a large driveway providing off road parking for four cars. There is a beautiful mature garden to the rear, with attractive border. The garden is laid mainly to lawn with an area of patio perfect for alfresco dining.

Location - Barnstaple - Situated in the valley of the River Taw, Barnstaple is surrounded by beautiful countryside and has a variety of great shops, supermarkets, restaurants, schools and pubs. As well as those all important recreation facilities including a leisure centre, cinema, a pannier market, and a theatre. The A361 North Devon Link Road provides convenient access to the M5 Motorway. Further sandy beaches and coastal walks at Saunton, Croyde, Codden Hill and Woolacombe are within easy reach, as is Exmoor. Barnstaple Train Station is also within a short walk or drive.

Entrance Porch - 1.42m x 1.35m (4'8 x 4'5 ) - A useful porch with space for shoes and coats. Fitted carpet.

Entrance Hallway - A welcoming entrance hallway with level access to all internal rooms. Access to the loft which the current owners have previously had plans to convert however, no planning is in place, radiator, vinyl flooring.

Living Room - 4.62m x 4.19m (15'2 x 13'9 ) - A spacious and light living room with UPVC double glazed windows to side elevation. Radiator, vinyl flooring, UPVC double glazed patio doors to conservatory. Please note the wood burner will be taken and not included in the sale.

Conservatory - 4.37m x 2.31m (14'4 x 7'7 ) - UPVC double glazed windows and door overlooking and giving access to the garden. Radiator, vinyl flooring.

Kitchen - 3.56m x 3.18m (11'8 x 10'5 ) - A fitted grey gloss kitchen with UPVC double glazed windows overlooking the rear garden, inset single bowl sink inset into work surface with cupboard below. Integrated double eye level oven with electric hob, space and plumbing for washing machine, plenty of preparation space, vinyl flooring.

Dining Room - 4.37m x 3.25m (14'4 x 10'8 ) - UPVC double glazed doors to rear giving access to the garden, radiator, vinyl flooring.

Wet Room - 2.49m x 2.49m (8'2 x 8'2 ) - A walk in wet room with large shower in a fully tiled surround, W.C, wash hand basin. Two UPVC double glazed windows to side elevation, heated towel rail, tiled flooring.

Bedroom One - 3.45m x 3.68m (11'4 x 12'1 ) - A spacious double bedroom with two UPVC double glazed windows to front elevation. Radiator, vinyl flooring.

Bedroom Two - 3.71m x 3.25m (12'2 x 10'8 ) - A double bedroom with UPVC double glazed bay window to front elevation and window to side elevation, radiator, fitted carpet.

Bedroom Three - 2.64m x 3.25m (8'8 x 10'8 ) - UPVC double glazed window to side elevation, radiator, fitted carpet.

Garage - 5.56m x 3.20m (18'3 x 10'6 ) - Up and over door, UPVC double glazed window to side elevation, combi boiler.

Garden - To the front is a large driveway providing off road parking for four cars. There is a beautiful mature garden to the rear which is south facing, with attractive border. The garden is laid mainly to lawn with an area of patio perfect for alfresco dining.

Note - For clarification we wish to inform prospective purchasers that we have prepared these sales particulars as a general guide. Some photographs may have been taken using a wide angle lens. We have not carried out a detailed survey, nor tested the services, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. If there are important matters which are likely to affect your decision to buy, please contact us before viewing the property.

Agent Details

Chequers, Barnstaple

020 3870 5056

Next Steps?

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