3 Bed Semi-Detached House, Refurb/BRRR, Egham, TW20 9PJ, £475,000

Spring Avenue, Egham, Surrey, TW20 9PJ - 3 views - 3 months ago

Sold STC

Refurb/BRRR

~93 m²

ValuationFair Value

Sold Prices	£360K - £1.3M
Sold Prices/m²	£4K/m² - £7.4K/m²

Square Metres	~93 m²
Price/m²	£5.1K/m²
Value Estimate	£484,500£484,500

End Value (After Refurb)	£481,909£481,909
Uplift in Value	+1%+1%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£118,750£118,750
Stamp Duty & Legal Fees	£26,700£26,700
Refurb Costs	£46,000£46,000
Bridging Loan Interest	£12,469£12,469
Total Cash In	£205,669£205,669

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£481,909£481,909
Mortgage (After Refinance)	£361,432£361,432
Mortgage LTV	75%75%
Cash Released	£5,182£5,182
Cash Left In	£200,487£200,487
Equity	£120,477£120,477
Rent Range	£1,650 - £2,200£1,650 - £2,200
Rent Estimate	£1,930
Running Costs/mo	£1,912£1,912
Cashflow/mo	£18£18
Cashflow/yr	£216£216
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £360K to £1.3M, average is £512.5K. £4K/m² to £7.4K/m², average is £5.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£527K	12/21	0.03 mi	52, Spring Avenue, Egham, Surrey TW20 9PL	-	-	3	Semi-Detached House
£555K	11/20	0.03 mi	4, Spring Avenue, Egham, Surrey TW20 9PL	£5,904	94	3	Semi-Detached House
£425K	04/21	0.04 mi	47, The Crescent, Egham, Surrey TW20 9PQ	£5,120	83	3	Semi-Detached House
£475K	05/23	0.05 mi	19, The Crescent, Egham, Surrey TW20 9PQ	£5,706	83	3	Semi-Detached House
£495K	09/21	0.08 mi	62, Clarence Street, Egham, Surrey TW20 9QY	£5,323	93	3	Semi-Detached House
£625K	12/20	0.09 mi	80, Clarence Street, Egham, Surrey TW20 9QY	£5,531	113	3	Semi-Detached House
£650K	05/24	0.09 mi	49, Clarence Street, Egham, Surrey TW20 9QY	£6,366	102	3	Semi-Detached House
£565K	09/23	0.09 mi	70, Clarence Street, Egham, Surrey TW20 9QY	£6,799	83	3	Semi-Detached House
£550K	02/23	0.1 mi	91, Spring Rise, Egham, Surrey TW20 9PR	-	-	3	Detached House
£487.5K	01/21	0.11 mi	8a, Clarence Street, Egham, Surrey TW20 9RW	£5,132	95	3	Semi-Detached House
£515K	12/20	0.11 mi	6, Clarence Street, Egham, Surrey TW20 9RW	£5,365	96	3	Semi-Detached House
£570K	05/21	0.11 mi	49, Clarence Street, Egham, Surrey TW20 9QY	£5,582	102	3	Semi-Detached House
£625K	10/23	0.14 mi	52, North Street, Egham, Surrey TW20 9RR	-	-	3	Terraced House
£618K	12/23	0.15 mi	15a, Clarence Street, Egham, Surrey TW20 9RL	-	-	3	Detached House
£402.5K	04/21	0.15 mi	16, Milton Road, Egham, Surrey TW20 9PF	£5,095	79	3	Terraced House
£590K	12/22	0.15 mi	11, Queens Road, Egham, Surrey TW20 9RT	£5,221	113	3	Semi-Detached House
£370K	02/21	0.15 mi	10, Milton Road, Egham, Surrey TW20 9PF	£4,568	81	3	Terraced House
£475K	10/23	0.16 mi	6, Ripley Avenue, Egham, Surrey TW20 9QZ	£6,463	74	3	Semi-Detached House
£390K	11/20	0.16 mi	17a, Windmill Shott, Egham, Surrey TW20 9SY	£6,393	61	3	Semi-Detached House
£450K	12/23	0.16 mi	17a, Windmill Shott, Egham, Surrey TW20 9SY	£7,377	61	3	Semi-Detached House
£635K	10/21	0.16 mi	7, Limes Road, Egham, Surrey TW20 9QT	£4,045	157	3	Detached House
£500K	11/22	0.17 mi	13, Milton Road, Egham, Surrey TW20 9PF	£6,320	79	3	Detached House
£500K	12/22	0.17 mi	11, Milton Road, Egham, Surrey TW20 9PF	£5,070	99	3	Semi-Detached House
£495K	02/21	0.18 mi	14, Rusham Road, Egham, Surrey TW20 9LR	£4,342	114	3	Semi-Detached House
£360K	09/23	0.18 mi	27, Queens Road, Egham, Surrey TW20 9RS	-	-	3	Semi-Detached House
£450K	04/21	0.18 mi	1, Danehurst Close, Egham, Surrey TW20 9PX	£5,625	80	3	Detached House
£620K	12/22	0.18 mi	30a, Queens Road, Egham, Surrey TW20 9RS	-	-	3	Detached House
£450K	01/21	0.19 mi	42c, Grange Road, Egham, Surrey TW20 9QP	£4,787	94	3	Semi-Detached House
£375K	03/23	0.19 mi	62, Nightingale Shott, Egham, Surrey TW20 9SX	£4,386	86	3	Terraced House
£455K	04/21	0.23 mi	31, Lynwood Avenue, Egham, Surrey TW20 9RE	-	-	3	Semi-Detached House
£465K	12/20	0.23 mi	48, Rusham Road, Egham, Surrey TW20 9LP	£4,559	102	3	Semi-Detached House
£456.5K	10/21	0.23 mi	54, Rusham Road, Egham, Surrey TW20 9LP	£6,087	75	3	Detached House
£730K	09/23	0.25 mi	42, Manor Way, Egham, Surrey TW20 9NG	-	-	3	Semi-Detached House
£670K	10/21	0.25 mi	44, Manor Way, Egham, Surrey TW20 9NG	-	-	3	Semi-Detached House
£673K	06/21	0.26 mi	43, Manor Way, Egham, Surrey TW20 9NQ	-	-	3	Semi-Detached House
£640K	01/21	0.26 mi	39, Manor Way, Egham, Surrey TW20 9NQ	£5,272	121	3	Semi-Detached House
£455K	03/21	0.31 mi	43, Moore Grove Crescent, Egham, Surrey TW20 9RH	-	-	3	Semi-Detached House
£425K	12/20	0.31 mi	27, Moore Grove Crescent, Egham, Surrey TW20 9RH	£5,519	77	3	Semi-Detached House
£815K	10/22	0.34 mi	13, The Retreat, Englefield Green, Egham, Surrey TW20 0JH	£6,626	123	3	Detached House
£380K	03/21	0.43 mi	42, School Lane, Egham, Surrey TW20 9LQ	£4,810	79	3	Terraced House
£520K	06/23	0.43 mi	9, The Grove, Egham, Surrey TW20 9QJ	£6,047	86	3	Semi-Detached House
£525K	04/21	0.43 mi	6, Fitzrobert Place, Egham, Surrey TW20 9JS	£4,646	113	3	Detached House
£830K	12/20	0.44 mi	Bestway, Middle Hill, Egham, Surrey TW20 0JL	£6,917	120	3	Detached House
£1.3M	06/23	0.44 mi	38, Middle Hill, Egham, Surrey TW20 0JL	-	-	3	Detached House
£600K	11/20	0.45 mi	Olivers Cottage, Middle Hill, Egham, Surrey TW20 0JJ	£4,959	121	3	Semi-Detached House
£510K	10/20	0.45 mi	21, Runnemede Road, Egham, Surrey TW20 9BE	£4,397	116	3	Detached House
£600K	06/23	0.48 mi	38, Crown Street, Egham, Surrey TW20 9BQ	£6,881	87	3	Semi-Detached House
£402K	06/23	0.48 mi	6, Crown Street, Egham, Surrey TW20 9BQ	-	-	3	Terraced House
£480K	06/21	0.49 mi	2, Crown Street, Egham, Surrey TW20 9BQ	-	-	3	Semi-Detached House
£578K	10/22	0.49 mi	9, Caddy Close, Egham, Surrey TW20 9JL	£6,964	83	3	Detached House

Local Rents

10 rents from £1.6K/mo to £2.2K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	10/24	0.14 mi	Spring Rise, Egham, Surrey, TW20	3	Flat
£1,800	10/24	0.21 mi	High Street, Egham, Surrey, TW20	3	Flat
£1,650	10/24	0.31 mi	Rusham Park Avenue, Egham, Surrey, TW20	3	Flat
£2,050	10/24	0.33 mi	-	3	Semi-Detached House
£1,850	10/24	0.34 mi	Woodhaw, Egham, Surrey, TW20	3	Detached House
£2,000	12/23	0.46 mi	-	3	Detached House
£1,950	10/24	0.46 mi	-	3	Detached House
£2,200	10/24	0.57 mi	South Road, Englefield Green, Egham, Surrey, TW20	3	Terraced House
£1,800	10/24	0.6 mi	19A Victoria Street, Englefield Green, Egham	3	Flat
£1,800	10/24	0.6 mi	Bindles, Victoria Street, Englefield Green, Egham	3	Detached House

Local Area Statistics

Population in TW20	24,53624,536
Population in Egham	24,93124,931
Town centre distance	0.53 miles away0.53 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.35 miles away0.35 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-32%-32%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £475,000

January 3, 2025

Floor Plans

Description

CENTRAL LOCATION +
OWN DRIVEWAY +
GARAGE +
THREE BEDROOMS +
POTENTIAL TO EXTEND AND LOFT CONVERT (S.T.L.A. APPROVAL) +
TWO RECEPTION ROOMS +
FIRST FLOOR BATHROOM +
SEPARATE WC +
APPROX 80FT EASTERLY FACING REAR GARDEN +
NO ONWARD CHAIN +

An excellent opportunity to acquire this three bedroom semi detached residence located within walking distance of Magna Square, High Street and mainline train station with own driveway and garage. The property is in need of updating throughout and offers great potential for extending and loft converting (STLA approval). Accommodation comprises entrance hallway, two reception rooms, kitchen, first floor bathroom, separate WC, approximate 80ft easterly facing rear garden. Further benefits include double glazing throughout, gas central heating and no onward chain.

Agent Details

Nevin and Wells Residential, Egham

01784 777975

Next Steps?

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