3 Bed Semi-Detached House, Refurb/BRRR, Wisbech, PE13 2EQ, £200,000

Clarkson Avenue, Wisbech, PE13 2EQ - 2 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+22 photos

ValuationOvervalued

Sold Prices£125K - £293K
Sold Prices/m²£1.2K/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£193,670

 

 

End Value (After Refurb)

£167,760

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£41,155

Bridging Loan Interest

£5,250

Total Cash In

£105,355

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£167,760

Mortgage (After Refinance)

£125,820

Mortgage LTV

75%

Cash Left In

£105,355

Equity

£41,940

Rent Range

£800 - £1,300

Rent Estimate

£972

Running Costs/mo

£739

Cashflow/mo

£233

Cashflow/yr

£2,800

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £125K to £293K, average is £214K. £1.2K/m² to £3.1K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£192K11/210.01 mi30, Clarkson Avenue, Wisbech, Cambridgeshire PE13 2EQ3
£190K03/230.07 mi49, Colvile Road, Wisbech, Cambridgeshire PE13 2ET3
£170K06/210.07 mi35, Colvile Road, Wisbech, Cambridgeshire PE13 2ET3
£190K09/210.07 mi70, Colvile Road, Wisbech, Cambridgeshire PE13 2ET3
£161.5K02/230.14 mi20, Colvile Road, Wisbech, Cambridgeshire PE13 2EL3
£250K02/240.14 mi86, Colvile Road, Wisbech, Cambridgeshire PE13 2EL3
£152K02/210.15 mi45, Cocketts Drive, Wisbech, Cambridgeshire PE13 2JS3
£195K11/230.15 mi13, Cocketts Drive, Wisbech, Cambridgeshire PE13 2JS3
£150K03/210.19 mi3, Staithe Road, Wisbech, Cambridgeshire PE13 3TF3
£215K04/210.19 mi1, Staithe Road, Wisbech, Cambridgeshire PE13 3TF3
£231K10/230.2 mi4, Turnpike Close, Wisbech, Cambridgeshire PE13 3UR3
£240K02/230.2 mi27, Bowthorpe Road, Wisbech, Cambridgeshire PE13 2DX3
£230K03/210.2 mi42, Bowthorpe Road, Wisbech, Cambridgeshire PE13 2DX3
£160K06/210.21 mi18, Tavistock Road, Wisbech, Cambridgeshire PE13 2DY3
£256K02/230.22 mi125, Norwich Road, Wisbech, Cambridgeshire PE13 2BD3
£213K03/210.22 mi33, Mount Drive, Wisbech, Cambridgeshire PE13 2BG3
£250K02/210.22 mi13, Mount Drive, Wisbech, Cambridgeshire PE13 2BG3
£231K02/210.23 mi46, Mount Drive, Wisbech, Cambridgeshire PE13 2BP3
£195K12/200.24 mi26, Wedgwood Drive, Wisbech, Cambridgeshire PE13 2DD3
£210K10/210.24 mi41, Wedgwood Drive, Wisbech, Cambridgeshire PE13 2DD3
£200K03/230.24 mi17, Wedgwood Drive, Wisbech, Cambridgeshire PE13 2DD3
£247.5K09/230.24 mi46, Wedgwood Drive, Wisbech, Cambridgeshire PE13 2DD3
£155K03/230.24 mi5, Verdun Road, Wisbech, Cambridgeshire PE13 2DU3
£245K09/230.24 mi86, Boyces Road, Wisbech, Cambridgeshire PE13 2JP3
£270K09/210.25 mi2, Rochford Walk, Wisbech, Cambridgeshire PE13 3SU3
£192K06/230.25 mi303, Norwich Road, Wisbech, Cambridgeshire PE13 3UJ3
£139.5K01/210.25 mi5, York Road, Wisbech, Cambridgeshire PE13 2EB3
£265K11/230.29 mi8, Salcott Drive, Wisbech, Cambridgeshire PE13 3SN3
£243K09/210.29 mi5, Sandringham Avenue, Wisbech, Cambridgeshire PE13 3ED3
£240K04/210.29 mi30, Sandringham Avenue, Wisbech, Cambridgeshire PE13 3ED3
£293K02/230.3 mi16, Bush Lane, Wisbech, Cambridgeshire PE13 2JW3
£211K03/210.3 mi12, Bush Lane, Wisbech, Cambridgeshire PE13 2JW3
£200K03/210.3 mi19, Bush Lane, Wisbech, Cambridgeshire PE13 2JW3
£240K12/200.31 mi22, Maldon Road, Wisbech, Cambridgeshire PE13 3SR3
£158.5K12/230.33 mi43, Ramnoth Road, Wisbech, Cambridgeshire PE13 2JA3
£185K04/230.33 mi128, Lynn Road, Wisbech, Cambridgeshire PE13 3DP3
£130K10/210.33 mi30, Prince Street, Wisbech, Cambridgeshire PE13 2AY3
£190K11/210.34 mi343, Norwich Road, Wisbech, Cambridgeshire PE13 3UQ3
£218K03/230.34 mi31, Sefton Avenue, Wisbech, Cambridgeshire PE13 3QN3
£220K03/230.34 mi48b, Sefton Avenue, Wisbech, Cambridgeshire PE13 3QN3
£145K07/240.34 mi13, Seabank Road, Wisbech, Cambridgeshire PE13 3UW3
£225K02/240.35 mi167, Lynn Road, Wisbech, Cambridgeshire PE13 3DH3
£275K09/210.35 mi107, Stow Road, Wisbech, Cambridgeshire PE13 3TQ3
£250K12/200.35 mi115, Stow Road, Wisbech, Cambridgeshire PE13 3TQ3
£217K01/210.36 mi14d, Money Bank, Wisbech, Cambridgeshire PE13 2JN3
£220K12/200.36 mi15, Fenland Road, Wisbech, Cambridgeshire PE13 3QB3
£220K09/230.37 mi162, Lynn Road, Wisbech, Cambridgeshire PE13 3EB3
£125K01/210.37 mi22, Marsh Walk, Wisbech, Cambridgeshire PE13 2DR3
£159K12/230.38 mi6, Legion Walk, Wisbech, Cambridgeshire PE13 2DS3
£240K01/210.38 mi3, Oakley Close, Wisbech, Cambridgeshire PE13 2JZ3

Local Rents

34 rents from £800/mo to £1.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£95001/250.04 mi-3
£87506/240.06 mi-3
£1,20006/240.08 miNorwich Road, Wisbech3
£92512/240.14 mi-3
£85012/240.16 mi-3
£85012/240.16 mi-3
£90012/240.17 mi-3
£1,15006/240.19 miHereward Road, Wisbech3
£1,30006/240.22 miNorwich Road, Wisbech3
£85006/240.24 mi-3
£1,30006/240.27 miTownshend Road, WISBECH3
£1,30006/240.27 miTownshend Road, PE133
£87506/240.33 miPrince Street, Wisbech3
£1,10006/240.37 miMarsh Walk, WISBECH3
£1,00006/240.4 miSt Augustines Road, WISBECH3
£87502/250.42 mi-3
£89506/240.43 miKOOREMAN AVENUE, Wisbech, PE133
£82509/240.43 mi-3
£89503/240.43 miMount Pleasant Road, Wisbech, Cambridgeshire, PE133
£85012/240.45 mi-3
£90003/250.45 mi-3
£90003/250.45 mi-3
£87501/250.46 mi-3
£80006/240.48 miChurch Terrace, Wisbech3
£1,05001/250.48 mi-3
£1,00006/240.51 miOakroyd Crescent, Wisbech3
£92506/240.51 miOakroyd Crescent, Wisbech3
£1,07509/240.52 mi-3
£90006/240.55 miWisbech3
£90006/240.57 miSt Peters Road, Wisbech, PE133
£94506/240.58 miCopperfields, Wisbech3
£1,00002/250.61 mi-3
£90012/240.61 mi-3
£95006/240.62 miGoddard Crescent, WISBECH3

Local Area Statistics

Population in PE13

35,179

Population in Wisbech

56,030

Town centre distance

0.23 miles away

Nearest school

0.20 miles away

Nearest train station

8.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Buyer's market

Capital growth (5yrs)

+19%

Property History

Listed for £200,000

January 3, 2025

Description

  • Semi Detached House with Original Features +
  • Sought After Town Centre Loaction +
  • In need of full refurbishment +
  • Three Bedrooms +
  • Three Reception Rooms +
  • Kitchen & first floor Bathroom +
  • Garage & Off road Parking +
  • Gardens and Outbuildings +
  • Gas Central Heating +
  • No Upward Chain +

Property Intro Established Semi Detached House located on the Sought After Clarkson Avenue in Wisbech. The property still holds original features although requires full refurbishment and offers Three Bedrooms, Three Reception Rooms, Kitchen and Bathroom. Outside offers large Garden, Garage and Off Road Parking. Offered with No Upward Chain. View today. Entrance Hallway Wooden panel door with stained glass window and surround, leads into the Entrance Hallway. Stairs leading off. Doors to Lounge and Dining Room. Lounge - 3.6m x 3.04m (11'9" x 9'11") Sash bay window to the front. Feature fireplace with wooden surround and mantle. Picture rail. Dining Room - 4.31m x 3.34m (14'1" x 10'11") Feature tiled fireplace with a tiled hearth. Door to the rear garden with side glazed panels. Radiator. Door through to the Breakfast Room. Breakfast Room - 2.76m x 2.42m (9'0" x 7'11") Sash window to side. Two radiators. Fireplace. Wooden panel door to the side. Door to Kitchen. Door to under stairs pantry cupboard with shelving, electric consumer unit and window to side. Kitchen - 4.31m x 2.6m (14'1" x 8'6") Double drainer sink unit. Range of base units and drawers below with preparation surface. Matching wall units. Glazed display units. Terracotta tiled floor. Wooden and glazed door to rear garden. Timber frame double glazed window to side. Radiator. Stairs and Landing Stairs lead onto the first floor landing with doors to all Bedrooms and Bathroom. Radiator. Window to side. Loft access. Gas fired boiler serving central heating and domestic hot water. Bedroom One - 3.61m x 3.03m (11'10" x 9'11") Two windows to front. Feature fireplace. Picture rail. Bedroom Two - 3.6m x 3.34m (11'9" x 10'11") Double glazed window to rear. Radiator. Picture rail. Feature fireplace. Bedroom Three - 2.78m x 2.43m (9'1" x 7'11") Double glazed window to rear. Bathroom - 2.13m x 1.65m (6'11" x 5'4") Three-piece bathroom suite comprising of roll top freestanding bath, with electric shower over, wash handbasin and high-level flush toilet. Tongue and groove to half height. Stained glass window to front. Radiator Outside The property is set back from the road with a gravel drive leading to the garage. Access to front and side entrances, gate to rear. The rear garden is enclosed by hedging and fencing, mainly laid to lawn with large variety of plants, flowers, shrubs and trees. Various outbuildings and fish pond. Services Mains gas, electricity, water and drainage. Possession Vacant possession upon completion. Viewings Please contact us to arrange a viewing. The Health and Safety of those viewing is the responsibility of the individual undertaking the viewing. Neither the Seller nor the Agent accept any responsibility for damage or injury to persons or property as a result of viewing and parties do so entirely at their own risk. Directions From our offices turn right into Nene Quay. At the roundabout take the second exit into Lynn Road. Turn right into Clarkson Avenue. The property can be found on the left hand side.

Agent Details

Maxey Grounds, Wisbech

01945 661540

Next Steps?

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