5 Bed Detached House, Refurb/BRRR, Wisbech, PE13 3AQ, £630,000

3 Park Avenue, Wisbech, Cambridgeshire, PE13 3AQ - 2 views - 4 months ago

Refurb/BRRR
Planning
~178 m²
+27 photos

ValuationOvervalued

Sold Prices£197K - £817.5K
Sold Prices/m²£1.3K/m² - £3.9K/m²

 

 

Square Metres

~178.28 m²
Price/m²£3.5K/m²

Value Estimate

£318,578

 

 

End Value (After Refurb)

£332,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£157,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£78,895

Bridging Loan Interest

£16,538

Total Cash In

£295,383

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£332,500

Mortgage (After Refinance)

£249,375

Mortgage LTV

75%

Cash Left In

£295,383

Equity

£83,125

Rent Range

£800 - £1,400

Rent Estimate

£1,026

Running Costs/mo

£1,264

Cashflow/mo

£-238

Cashflow/yr

£-2,859

Gross Yield

2%

Local Sold Prices

32 sold prices from £197K to £817.5K, average is £388.8K. £1.3K/m² to £3.9K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£250K06/210.18 mi94, Lynn Road, Wisbech, Cambridgeshire PE13 3DW5
£286K12/200.23 mi7, Clarkson Avenue, Wisbech, Cambridgeshire PE13 2EF5
£197K12/220.27 mi89, Norwich Road, Wisbech, Cambridgeshire PE13 2AU5
£340K12/200.28 mi18, Clarkson Avenue, Wisbech, Cambridgeshire PE13 2EG5
£410K03/230.28 mi18, Clarkson Avenue, Wisbech, Cambridgeshire PE13 2EG5
£565K11/220.33 mi39, Clarkson Avenue, Wisbech, Cambridgeshire PE13 2EH5
£325K12/200.36 mi20, Clarkson Avenue, Wisbech, Cambridgeshire PE13 2EQ5
£570K03/230.39 mi7, Old Convent Fields, Wisbech, Cambridgeshire PE13 1HT5
£280K11/210.45 mi39, Queens Road, Wisbech, Cambridgeshire PE13 2PE5
£510K11/220.7 mi8, Mayflower Road, Wisbech, Cambridgeshire PE13 2HR5
£236K03/210.81 mi9, Richmond Court, Wisbech, Cambridgeshire PE13 1LR5
£475K05/230.85 mi5, Brampton Close, Wisbech, Cambridgeshire PE13 1LU5
£702.5K11/231.02 mi4, Burrettgate Road, Wisbech, Norfolk PE14 7BN5
£290K09/211.08 mi68, Westmead Avenue, Wisbech, Cambridgeshire PE13 2SL5
£400K09/211.08 mi10, Westmead Avenue, Wisbech, Cambridgeshire PE13 2SL5
£350K01/231.1 mi1, Westry Close, Wisbech, Norfolk PE14 7BU5
£375K06/211.13 mi118, Barton Road, Wisbech, Cambridgeshire PE13 4TF5
£480K05/211.17 miOrchard View, Hunchback Lane, Wisbech, Norfolk PE14 7AQ5
£265K11/201.73 mi118, Leverington Common, Leverington, Wisbech, Cambridgeshire PE13 5BW5
£490K05/232.13 mi52, School Road, West Walton, Wisbech, Norfolk PE14 7ES5
£345K11/222.25 mi58, Salts Road, West Walton, Wisbech, Norfolk PE14 7EJ5
£400K08/212.25 mi46, Salts Road, West Walton, Wisbech, Norfolk PE14 7EJ5
£325K02/212.42 mi142, School Road, Walton Highway, Wisbech, Norfolk PE14 7DR5
£475K03/212.44 miThe Elders, Panswell Lane, Leverington, Wisbech, Cambridgeshire PE13 5JS5
£620K06/212.48 miFair View, Blunts Drove, Walton Highway, Wisbech, Norfolk PE14 7DH5
£620K05/232.57 mi2b, St Pauls Road North, Walton Highway, Wisbech, Norfolk PE14 7DN5
£625K03/212.78 miStation Farm, Station Road, Wisbech St Mary, Wisbech, Cambridgeshire PE13 4RY5
£817.5K09/212.8 mi166, Fridaybridge Road, Elm, Wisbech, Cambridgeshire PE14 0AU5
£312K06/212.88 miAbbeydale, Church Road, Wisbech St Mary, Wisbech, Cambridgeshire PE13 4RN5
£377.5K10/232.98 mi36, Churchfield Way, Wisbech St Mary, Wisbech, Cambridgeshire PE13 4SY5
£439.5K03/212.98 mi8, The Leam, Friday Bridge, Wisbech, Cambridgeshire PE14 0JA5
£277K12/202.98 mi61, Oxfield Drive, Gorefield, Wisbech, Cambridgeshire PE13 4LX5

Local Rents

43 rents from £800/mo to £1.4K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,00006/240.08 miSt Augustines Road, WISBECH3
£1,30006/240.13 miTownshend Road, PE133
£1,30006/240.13 miTownshend Road, WISBECH3
£1,20006/240.18 miLittle Church Street, Wisbech4
£1,20006/240.18 miLittle Church Street, Wisbech4
£1,05001/250.2 mi-3
£80006/240.22 miChurch Terrace, Wisbech3
£1,00006/240.24 miOakroyd Crescent, Wisbech3
£92506/240.24 miOakroyd Crescent, Wisbech3
£1,10006/240.24 miMarsh Walk, WISBECH3
£85012/240.27 mi-3
£85012/240.27 mi-3
£1,15006/240.27 miHereward Road, Wisbech3
£82509/240.28 mi-3
£90012/240.29 mi-3
£96006/240.3 mi-4
£89503/240.33 miMount Pleasant Road, Wisbech, Cambridgeshire, PE133
£95001/250.33 mi-3
£87502/250.33 mi-3
£87506/240.34 miPrince Street, Wisbech3
£1,15006/240.37 mi8 Kings Walk, Wisbech4
£1,20006/240.39 miNorwich Road, Wisbech3
£90006/240.39 miSt Peters Road, Wisbech, PE133
£87502/250.4 mi-3
£87506/240.4 mi-3
£90006/240.43 miSouth Brink, WISBECH3
£1,07509/240.46 mi-3
£92512/240.46 mi-3
£89506/240.46 miKOOREMAN AVENUE, Wisbech, PE133
£85012/240.48 mi-3
£90003/250.48 mi-3
£90003/250.48 mi-3
£85002/250.52 mi-3
£90012/240.53 mi-3
£95006/240.53 miGoddard Crescent, WISBECH3
£1,30006/240.55 miNorwich Road, Wisbech3
£1,15006/240.56 miBramley Road, Wisbech3
£85002/250.57 mi-3
£1,40006/240.57 miHarecroft Road, Wisbech4
£87510/240.58 mi-3
£90006/240.59 miElm Road, Wisbech3
£85006/240.61 mi-3
£92503/250.61 mi-3

Local Area Statistics

Population in PE13

35,179

Population in Wisbech

56,030

Town centre distance

0.59 miles away

Nearest school

0.30 miles away

Nearest train station

8.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Buyer's market

Capital growth (5yrs)

+19%

Property History

Price changed to £630,000

February 20, 2025

Listed for £650,000

November 22, 2024

Sold for £410,000

2015

Floor Plans

Description

  • Guide Price £685,000 - £650,000 +
  • Beautiful & Charming Detached Property Dating Back to the 1800's +
  • Modernised in Parts with Abundance of Character Features Throughout +
  • Five Double Bedrooms with Fitted Storage +
  • Two Spacious Reception Rooms & Orangery +
  • Modern Kitchen with Integral Appliances & Separate Utility Room +
  • Jack & Jill Bathroom, Two Shower Rooms & Cloakroom WC +
  • Extensive Cellar Space with Multiple Rooms & Conversion Potential (STPP) +
  • Driveway Parking, Garage & Beautifully Presented Rear Garden with Covered Veranda +
  • Located Opposite Wisbech Park Close to Amenities, Schools & Road/Transport Links +

Beautiful and charming detached property dating back to the late 1800's providing extensive and versatile accommodation across four storeys including an extensive cellar space, and boasts a combination of modern and traditional features throughout with the property having been renovated in parts whilst retaining an abundance of original period and character features, including sash and bay windows, feature fireplaces (to include a crafted red fireplace to the sitting room), well-maintained floorboards, decorative coving and ceiling rose. Some recent improvements include new rewiring, new plumbing, all replastered/skimmed walls and sanded floors. Internally the property comprises an entrance porch with a cloaks cupboard leading into a welcoming entrance hall, with sanded floorboards which runs through much of the property, a set of solid wood stairs to the first floor landing and access to the principle ground floor rooms. There are two large reception rooms each with front facing bay windows overlooking the park, feature period fireplaces, decorative coving and ceiling roses. The kitchen is accessed via a set of bi-folding doors from the dining room and has been refitted with a modern range of high gloss wall and base soft close units, complementing Resin worktops, a central breakfast island, a set of high spec integral appliances and a Rangemaster with an overhead extractor system, and features garden views and access to a rear hall leading to the orangery. There is a separate well-appointed utility room with fitted units, ample space for further storage and appliances, a pantry cupboard and a door to the garden. The orangery is a superb bright and spacious room with multiple windows to the side and rear aspects and the roof, featuring tiled flooring and lovey garden views. Completing the ground floor is a cloakroom WC and a side porch with access to the side external and to the cellar. To the first floor a bright and spacious landing provides storage space, stairs to the second floor and access to four of the bedrooms and the bathrooms. The master bedroom is the largest with a front aspect bay window overlooking the park, a range of fitted wardrobes and access to a five piece Jack and Jill bathroom which is also accessed off the landing and comprises a WC, His & Hers sink basins, a deep set bathtub with a handheld shower, and a separate shower enclosure. Bedroom two is also generously sized with park views, a fitted wardrobe, a feature fireplace and a modern en-suite shower room with stylish tiling. Bedroom three is another large double with a feature fireplace, garden views and a storage cupboard and bedroom five is a smaller double with a fitted wardrobe and garden views. There is a family shower room suite which would benefit from modernisation if desired. Bedroom four is located on the second floor and offers dual aspect views of the garden and park, a fitted wardrobe and eaves storage, with a store room also located off the landing which may have conversion potential (STPP). The accommodation also benefits from an extensive cellar providing ample storage space comprising of many rooms some of which include a boiler room, a workshop and a wine cellar, and provides excellent opportunity for further conversion and development to suit the new buyer's needs (subject to any relevant planning permissions). Externally and to the front there is a driveway providing off-road parking and giving access to a good sized garage with power and lighting, as well as on-street parking if required and a foregarden with mature hedgerows and a palm tree. To the rear is a generous permaculture garden which is mostly lawned with a raised terrace, a covered veranda providing a cosy sitting, dining or reading nook, outside lighting and an abundance of well-stocked plants, shrubs and mature trees to the boundary maintaining a high degree of privacy. The property is set on a good sized plot in a pleasant central setting adjacent from Wisbech Park and within easy reach of a range of shops, amenities, attractions and leisure facilities, excellent schools including Wisbech Grammar School, North Cambridgeshire Hospital and fantastic road and public transport links further afield. ADDITIONAL INFORMATION: Council Tax Band: F Local Authority: Fenland Early viewing is highly recommended due to the property being realistically priced.

Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

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