5 Bed Terraced House, Refurb/BRRR, Bideford, EX39 1PX, £200,000

15 & 16 Pitt Hill, Appledore, Devon EX39 1PX - 1 views - 3 months ago

Under Offer

Refurb/BRRR

~136 m²

+16 photos

ValuationFair Value

Sold Prices	£170K - £970K
Sold Prices/m²	£1.1K/m² - £4.2K/m²

Square Metres	~135.50 m²
Price/m²	£1.5K/m²
Value Estimate	£200,000£200,000

End Value (After Refurb)	£474,164£474,164
Uplift in Value	+137%+137%
You could potentially get back more cash than you put into this deal. All your cash out plus £82,492 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£11,200£11,200
Refurb Costs	£54,931£54,931
Bridging Loan Interest	£5,250£5,250
Total Cash In	£123,131£123,131

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£474,164£474,164
Agent Fees (1%)	£4,742£4,742
Bridging Loan	£150,000£150,000
Bridging Loan Interest	£5,250£5,250
Flip Profit	£196,292£196,292

Local Sold Prices

29 sold prices from £170K to £970K, average is £450K. £1.1K/m² to £4.2K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£947.5K	03/23	0.18 mi	4, Odun Place, Appledore, Bideford, Devon EX39 1QP	£4,209	225	5	Detached House
£682K	07/23	0.27 mi	22, Meeting Street, Appledore, Bideford, Devon EX39 1RJ	-	-	5	Terraced House
£312K	08/21	0.8 mi	10, Churchill Way, Northam, Bideford, Devon EX39 1DF	£2,943	106	5	Semi-Detached House
£970K	06/21	0.88 mi	Little Hill South, Anstey Way, Instow, Bideford, Devon EX39 4JQ	-	-	5	Semi-Detached House
£450K	03/21	1.31 mi	Cluden Lodge, Cluden Road, Northam, Bideford, Devon EX39 3QF	£2,250	200	5	Semi-Detached House
£536K	05/23	1.43 mi	3, Witten Gardens, Northam, Bideford, Devon EX39 3RE	£3,350	160	5	Detached House
£607.4K	06/21	1.45 mi	Northam Cottage, Limers Lane, Northam, Bideford, Devon EX39 2RG	-	-	5	Detached House
£650K	03/21	1.54 mi	41, Bay View Road, Northam, Bideford, Devon EX39 1BH	£1,982	328	5	Detached House
£600K	12/20	1.54 mi	Greenbank, Daddon Hill, Northam, Bideford, Devon EX39 3PW	£3,141	191	5	Detached House
£533.5K	05/21	1.87 mi	Brookfield, Silford Road, Northam, Bideford, Devon EX39 3PR	£2,430	220	5	Detached House
£440K	01/21	1.93 mi	18, Kenwith Road, Bideford, Devon EX39 3NW	£1,447	304	5	Detached House
£570K	06/21	1.97 mi	20, Atlantic Way, Westward Ho, Bideford, Devon EX39 1HX	£2,808	203	5	Detached House
£420K	11/22	2.21 mi	28, Westcombe Lane, Bideford, Devon EX39 3JQ	£3,256	129	5	Semi-Detached House
£660K	02/21	2.24 mi	2, Cornborough Road, Westward Ho, Bideford, Devon EX39 1AA	£1,579	418	5	Detached House
£410K	10/21	2.33 mi	42, East Ridge View, Bideford, Devon EX39 4RS	-	-	5	Detached House
£220K	05/21	2.33 mi	57, High Street, Bideford, Devon EX39 2AN	-	-	5	Terraced House
£689.1K	10/22	2.39 mi	Mount Pleasant, Honestone Street, Bideford, Devon EX39 2DH	£2,883	239	5	Semi-Detached House
£355K	02/21	2.4 mi	29, Thornton Close, Bideford, Devon EX39 3ND	£2,518	141	5	Terraced House
£325K	03/21	2.41 mi	31, Abbotsham Road, Bideford, Devon EX39 3AF	£1,072	303	5	Terraced House
£450K	12/20	2.41 mi	6, Maine Close, Bideford, Devon EX39 3RR	£3,020	149	5	Detached House
£170K	11/21	2.43 mi	2a, Buttgarden Street, Bideford, Devon EX39 2AU	£1,206	141	5	Terraced House
£595K	12/22	2.45 mi	12, Abbotsham Road, Bideford, Devon EX39 3AQ	£2,960	201	5	Semi-Detached House
£499.9K	06/21	2.47 mi	Kingsdown, 10, Abbotsham Road, Bideford, Devon EX39 3AQ	-	-	5	Semi-Detached House
£365K	10/22	2.47 mi	59, Abbotsham Road, Bideford, Devon EX39 3AQ	£1,859	196	5	Semi-Detached House
£272K	02/21	2.51 mi	113, Abbotsham Road, Bideford, Devon EX39 3AP	£1,609	169	5	Terraced House
£313.9K	01/21	2.69 mi	47, Clovelly Road, Bideford, Devon EX39 3DF	£1,902	165	5	Terraced House
£270K	04/21	2.69 mi	39, Clovelly Road, Bideford, Devon EX39 3DF	£1,508	179	5	Terraced House
£287.5K	11/20	2.76 mi	7, Catshole Lane, Bideford, Devon EX39 3DQ	£1,629	176	5	Detached House
£452.5K	04/23	2.77 mi	71, Clovelly Road, Bideford, Devon EX39 3DG	£3,352	135	5	Terraced House

Local Rents

11 rents from £860/mo to £1.6K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	05/24	0.06 mi	Odun Terrace, Appledore	3	Terraced House
£975	05/24	0.26 mi	Factory Ope, Appledore	3	Terraced House
£1,300	04/24	0.26 mi	Meeting Street	3	Flat
£1,500	05/24	0.26 mi	Meeting Street, Bideford	4	House
£1,300	05/24	0.5 mi	Irsha Street, Appledore, Bideford	4	Terraced House
£1,550	04/24	0.74 mi	Kiln Close Lane, Instow, Bideford	4	Detached House
£1,300	04/24	0.77 mi	JH Taylor Drive, Northam, Bideford, Devon, EX39	4	Detached House
£860	03/24	0.91 mi	Windsor Road, Bideford	3	Flat
£860	04/24	0.93 mi	Windsor Road, Bideford	3	House
£925	07/24	0.94 mi	-	3	Terraced House
£975	03/24	1.16 mi	-	3	Detached House

Local Area Statistics

Population in EX39	37,17537,175
Town centre distance	2.51 miles away2.51 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	6 miles away6 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £200,000

January 9, 2025

Floor Plans

Description

A RARE OPPORTUNITY +
TWO CONNECTING COTTAGES REQUIRING RENOVATION +
CAN BE EASILY SPLIT INTO 2 COTTAGES +
COURTYARD GARDENS TO THE REAR +
VARIOUS OUTDOOR SHEDS/STORE +
SMALL AREA FOR POTENTIAL PARKING TO THE FRONT +
OFFERED FOR SALE WITH VACANT POSSESSION +
SITUATED IN A POPULAR ELEVATED AREA OF THE VILLAGE +
WITHIN EASY REACH TO OTHER NEAR BY VILLAGES +

A rare opportunity to obtain two connecting Appledore cottages requiring renovation - in a popular elevated area of the village. The properties, although connected are very easily split into two cottages - each with two reception rooms, basic ground floor kitchen and bathroom facilities and two generous first floor bedrooms. There are courtyard gardens to the rear and a small range of various outdoor sheds/store. To the front is a small area for potential off-road parking.

The properties are being offered for sale with vacant possession.

Services: Mains electric, water and drainage connected.
Energy Performance Certificate: tbc
Council Tax Banding: 15: B 16: B

Agent Details

Harding and Co, Bideford

01237 871006

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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