3 Bed Semi-Detached House, Refurb/BRRR, Bideford, EX39 3HW, £270,000

Oaklands, Bideford, EX39 3HW - 3 views - 4 months ago

Refurb/BRRR
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£120K - £336K
Sold Prices/m²£1.6K/m² - £5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.9K/m²

Value Estimate

£226,382

 

 

End Value (After Refurb)

£282,135

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£37,702

Bridging Loan Interest

£7,088

Total Cash In

£124,339

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£282,135

Mortgage (After Refinance)

£211,601

Mortgage LTV

75%

Cash Released

£9,101

Cash Left In

£115,238

Equity

£70,534

Rent Range

£535 - £3,900

Rent Estimate

£850

Running Costs/mo

£1,072

Cashflow/mo

£-222

Cashflow/yr

£-2,660

Gross Yield

4%

Local Sold Prices

50 sold prices from £120K to £336K, average is £234K. £1.6K/m² to £5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£270K01/230.01 mi45, Oaklands, Bideford, Devon EX39 3HW3
£275K08/210.01 mi30, Oaklands, Bideford, Devon EX39 3HW3
£250K11/200.01 mi4, Oaklands, Bideford, Devon EX39 3HW3
£261.5K08/210.01 mi58, Oaklands, Bideford, Devon EX39 3HW3
£240K03/210.01 mi58, Oaklands, Bideford, Devon EX39 3HW3
£212K01/210.15 mi147, Moreton Park Road, Bideford, Devon EX39 3HB3
£210K03/210.16 mi19, Meadow Park, Bideford, Devon EX39 3HD3
£310K04/230.16 mi46, Meadow Park, Bideford, Devon EX39 3HD3
£235K11/210.16 mi27, Meadow Park, Bideford, Devon EX39 3HD3
£183K12/200.28 mi61, Moreton Park Road, Bideford, Devon EX39 3BB3
£247K07/230.42 mi27, Buckland Close, Bideford, Devon EX39 5AG3
£255K09/210.43 mi13, Moreton Avenue, Bideford, Devon EX39 3AY3
£165.5K04/210.44 mi58, Pynes Lane, Bideford, Devon EX39 3EE3
£250K05/230.44 mi40, Pynes Lane, Bideford, Devon EX39 3EE3
£145K11/200.44 mi83, Pynes Lane, Bideford, Devon EX39 3EE3
£183K07/230.44 mi83, Pynes Lane, Bideford, Devon EX39 3EE3
£120K11/200.46 mi1, Hawthorn Park, Bideford, Devon EX39 3DT3
£215K07/210.53 mi22, Moreton Park Road, Bideford, Devon EX39 3AU3
£233K11/200.55 mi10, Valley View, Bideford, Devon EX39 3RF3
£199K08/210.56 mi22, Hamilton Close, Bideford, Devon EX39 3DS3
£270K12/220.56 mi15, Hamilton Close, Bideford, Devon EX39 3DS3
£255K06/210.57 mi14, Little Meadow Way, Bideford, Devon EX39 3QZ3
£237K03/210.57 mi45, Water Park Road, Bideford, Devon EX39 3RB3
£260K12/200.59 mi19, Gate Field Road, Bideford, Devon EX39 3QX3
£273K12/200.59 mi14, Gate Field Road, Bideford, Devon EX39 3QX3
£295K12/220.59 mi1, Moreton Park Road, Bideford, Devon EX39 3AU3
£250K03/210.61 mi15, Quarry Close, Bideford, Devon EX39 3RA3
£190K01/230.62 mi80, Clovelly Road, Bideford, Devon EX39 3DG3
£174K05/230.62 mi75, Clovelly Road, Bideford, Devon EX39 3DG3
£178.3K06/210.62 mi5, Waterloo Terrace, Bideford, Devon EX39 3DJ3
£135K02/210.62 mi4, Waterloo Terrace, Bideford, Devon EX39 3DJ3
£305K06/210.63 mi11, Little Field, Bideford, Devon EX39 3RP3
£194K10/200.63 mi2, Capern Road, Bideford, Devon EX39 3DY3
£175K04/210.63 mi1, Capern Road, Bideford, Devon EX39 3DY3
£285K07/210.67 mi58, Water Park Road, Bideford, Devon EX39 3RN3
£180K06/210.69 mi59, Royston Road, Bideford, Devon EX39 3AW3
£183K02/210.69 mi54, Royston Road, Bideford, Devon EX39 3AW3
£272.5K02/210.71 mi10, Godborough View, Bideford, Devon EX39 3RT3
£233K06/230.72 mi15, Ashley Terrace, Bideford, Devon EX39 3AL3
£185K11/200.72 mi9, Ashley Terrace, Bideford, Devon EX39 3AL3
£326K07/230.73 mi11, Warren View, Bideford, Devon EX39 3RX3
£336K04/230.75 mi1, Field End, Bideford, Devon EX39 3SH3
£164.5K09/210.77 mi4, Montague Place, Bideford, Devon EX39 3BX3
£162K07/230.77 mi8, Coronation Road, Bideford, Devon EX39 3DA3
£262K05/210.77 mi18, Kenwith View, Bideford, Devon EX39 3RH3
£282.5K01/210.77 mi21, Four Acres, Bideford, Devon EX39 3RW3
£140K04/210.85 mi21, Old Town, Bideford, Devon EX39 3BH3
£239.9K09/210.85 mi6, Milton Place, Bideford, Devon EX39 3BN3
£199.9K03/210.85 mi23, Milton Place, Bideford, Devon EX39 3BN3
£158K12/200.85 mi2a, Milton Place, Bideford, Devon EX39 3BN3

Local Rents

52 rents from £535/mo to £3.9K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£69505/240.1 miHigh Park Close, Bideford, Devon2
£3,90002/240.26 mi-4
£85008/230.33 mi-2
£90003/250.33 mi-2
£82504/240.5 miSams Close, Bideford, EX392
£89503/240.55 miStrathmore Court, Bideford3
£72503/240.78 mi2 bedroom Coach House, Rowe Close, Bideford2
£75004/240.79 miGeneva Place, Bideford2
£75004/240.89 miMarlen Court, Bideford, Devon2
£64003/240.94 miMeddon Street, Bideford, Devon2
£65011/230.95 mi-1
£65009/240.95 mi-1
£89504/240.97 miDevonshire Park, Bideford, Devon, EX393
£83503/241.04 miMyrtle Grove, Bideford, Devon3
£62504/241.04 mi-1
£65006/241.05 mi-1
£65005/241.05 miHonestone Street, Bideford, EX391
£2,50002/251.05 mi-2
£2,50011/241.05 mi-2
£59509/231.05 mi-1
£69504/241.05 miPannier Mews, Bideford, Devon2
£70007/231.06 mi-3
£72505/241.06 miSilver Street, Bideford, EX392
£95003/241.06 miPitt Lane, Bideford3
£90009/231.07 mi-3
£60002/241.08 mi-1
£65002/241.09 mi-1
£53504/241.09 miSt Marys Flats, Bideford, Devon1
£59512/231.1 mi-1
£69512/231.1 mi-2
£80003/241.1 miHigh Street, Bideford, Devon, EX393
£58004/241.13 miManchester House, Bideford, Devon2
£75001/251.14 mi-2
£72510/231.14 mi-2
£70010/231.14 mi-2
£75012/241.14 mi-2
£64004/241.14 miColdharbour, Bideford, Devon2
£85001/251.15 mi-2
£87503/251.15 mi-2
£62504/241.16 miColdharbour, Bideford2
£85005/241.18 mi-2
£85005/241.18 mi-3
£85005/241.18 mi-2
£85005/241.18 mi-3
£85004/241.18 miBrigade House, Bideford, EX393
£85004/241.18 miBrigade House, Bideford, EX392
£80004/241.18 miBrigade House, Bideford, EX392
£65009/241.18 mi-1
£65009/241.18 mi-1
£65002/251.18 mi-1
£56004/241.21 miThe Mews, Bideford1
£72510/241.23 mi-2

Local Area Statistics

Population in EX39

37,175

Town centre distance

1.05 miles away

Nearest school

0.60 miles away

Nearest train station

8.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £270,000

December 12, 2024

Floor Plans

Description

  • 3 Bedrooms (2 Double) +
  • Lounge +
  • Kitchen/Diner +
  • uPVC Double Glazing +
  • Gas Fired Central Heating +
  • Enclosed Side & Rear Gardens +
  • Garage & Off Road Parking +
  • Well Established & Popular Location +
  • Some General Updating Required +
  • No Onward Going Chain +

Oaklands is a popular residential area which is conveniently located with schools & the local amenities being within easy reach, making this an ideal starter or family home.

No42 requires some general modernisation but will be found in good condition, having been well maintained, and benefits from uPVC double glazing & gas central heating.

Entering via a useful porch, a useful area to remove coats & shoes, the accommodation features a comfortable lounge with feature fireplace together with kitchen/diner, including a range of cupboards & drawers with ample space for appliances and dining furniture.

From the first floor landing are 3 bedrooms, 2 being double rooms, with each having built-in wardrobes. The well maintained bathroom is in good order and includes a useful airing cupboard, which in some neighbouring houses has made way to accommodate a separate shower enclosure.

The property has the benefit of gardens to both the side and rear, each with large patios whilst the side area lends itself to further landscaping or opportunity for a lawn.

The garage has power & light connected with useful overhead storage.

Services: All mains services are connected
Energy Performance Certificate: C (69)
Council Tax: BAND C (£2131.43 per annum)

NO ONWARD GOING CHAIN

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Notice
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

Regency Estate Agents, Bideford

01237 422433

Next Steps?

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