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3 Bed Detached House, Refurb/BRRR, Warminster, BA12 9DB, £450,000

East Street, Warminster, BA12 9DB - 1 views - 3 months ago

Refurb/BRRR
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£172.5K - £650K
Sold Prices/m²£2.2K/m² - £5.5K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£279,810

 

 

End Value (After Refurb)

£448,125

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£37,922

Bridging Loan Interest

£11,813

Total Cash In

£188,685

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£448,125

Mortgage (After Refinance)

£336,094

Mortgage LTV

75%

Cash Left In

£188,685

Equity

£112,031

Rent Range

£675 - £2,295

Rent Estimate

£1,066

Running Costs/mo

£1,634

Cashflow/mo

£-568

Cashflow/yr

£-6,811

Gross Yield

3%

Local Sold Prices

51 sold prices from £172.5K to £650K, average is £265K. £2.2K/m² to £5.5K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£435K11/220.1 mi56, Plants Green, Warminster, Wiltshire BA12 9NW3
£315K01/230.11 mi2, Beckford Close, Warminster, Wiltshire BA12 9LW3
£235K11/200.13 mi2, Beavens Court, Warminster, Wiltshire BA12 9BS3
£500K08/210.14 mi16, East End Avenue, Warminster, Wiltshire BA12 9NF3
£650K11/220.14 mi4, Smallbrook Road, Warminster, Wiltshire BA12 9LN3
£385K06/210.16 mi31, Plants Green, Warminster, Wiltshire BA12 9NN3
£450K08/230.16 mi22, Plants Green, Warminster, Wiltshire BA12 9NN3
£361.5K11/230.16 mi8, Plants Green, Warminster, Wiltshire BA12 9NN3
£225K03/210.2 mi28, Highbury Park, Warminster, Wiltshire BA12 9JF3
£225K03/210.2 mi28, Highbury Park, Warminster, Wiltshire BA12 9JF3
£237.5K03/210.26 mi37, Imber Road, Warminster, Wiltshire BA12 0BN3
£350K04/230.26 mi38, Imber Road, Warminster, Wiltshire BA12 0BN3
£325K03/230.3 mi6, Prestbury Drive, Warminster, Wiltshire BA12 9LB3
£340K02/210.3 mi11, Copheap Lane, Warminster, Wiltshire BA12 0BG3
£225K09/230.33 mi27, North Row, Warminster, Wiltshire BA12 9AD3
£290K11/220.35 mi33, Morley Field, Warminster, Wiltshire BA12 0BU3
£510K11/200.37 mi28, The Downlands, Warminster, Wiltshire BA12 0BD3
£295K04/230.37 mi9, Stuart Green, Warminster, Wiltshire BA12 9NU3
£375K05/230.4 mi15, Willow Crescent, Warminster, Wiltshire BA12 9LH3
£239.1K10/200.4 mi57, Barley Close, Warminster, Wiltshire BA12 9LX3
£245K11/200.4 mi37, Barley Close, Warminster, Wiltshire BA12 9LX3
£250K02/210.4 mi54, Barley Close, Warminster, Wiltshire BA12 9LX3
£310K11/220.41 mi12, Ferris Mead, Warminster, Wiltshire BA12 9PZ3
£230K12/200.42 mi52, Ferris Mead, Warminster, Wiltshire BA12 9PZ3
£220K05/210.42 mi28, Ferris Mead, Warminster, Wiltshire BA12 9PZ3
£240K11/200.42 mi29, Damask Way, Warminster, Wiltshire BA12 9PX3
£202K04/210.42 mi24, Portway, Warminster, Wiltshire BA12 8QD3
£172.5K08/210.42 mi36a, Portway, Warminster, Wiltshire BA12 8QD3
£285K09/230.42 mi36a, Portway, Warminster, Wiltshire BA12 8QD3
£265K03/210.43 mi73, St Johns Road, Warminster, Wiltshire BA12 9LZ3
£278K06/210.43 mi45, Prestbury Drive, Warminster, Wiltshire BA12 9LF3
£237K07/210.44 mi14, Beech Grove, Warminster, Wiltshire BA12 0AB3
£330K11/220.44 mi4, Beech Grove, Warminster, Wiltshire BA12 0AB3
£280K11/230.44 mi7, Beech Grove, Warminster, Wiltshire BA12 0AB3
£253K04/210.45 mi41, Portway, Warminster, Wiltshire BA12 8QQ3
£240K12/200.45 mi28, Sambourne Gardens, Warminster, Wiltshire BA12 8LS3
£223K06/210.45 mi102, Portway, Warminster, Wiltshire BA12 8QF3
£250K02/210.46 mi102, Prestbury Drive, Warminster, Wiltshire BA12 9LE3
£265K04/210.46 mi58, Prestbury Drive, Warminster, Wiltshire BA12 9LE3
£242K12/200.46 mi29, Copheap Rise, Warminster, Wiltshire BA12 0AR3
£300K12/200.46 mi4, Glebe Field, Warminster, Wiltshire BA12 9PS3
£330K06/210.46 mi36, Damask Way, Warminster, Wiltshire BA12 9PP3
£365K06/230.46 mi41, Damask Way, Warminster, Wiltshire BA12 9PP3
£182K02/210.46 mi21, George Street Place, Warminster, Wiltshire BA12 8SD3
£250K06/230.46 mi20, George Street Place, Warminster, Wiltshire BA12 8SD3
£325K04/230.47 mi8, Newport, Warminster, Wiltshire BA12 8RH3
£350K09/230.47 mi15, Newport, Warminster, Wiltshire BA12 8RH3
£242.5K03/210.49 mi13, Upper Marsh Road, Warminster, Wiltshire BA12 9PJ3
£217K02/240.5 mi71, Portway, Warminster, Wiltshire BA12 0AA3
£215K04/210.51 mi8, Thames Close, Warminster, Wiltshire BA12 9QB3
£243K05/210.51 mi15, Thames Close, Warminster, Wiltshire BA12 9QB3

Local Rents

30 rents from £675/mo to £2.3K/mo, average is £913/mo.

RentDateDistanceAddressBeds 
£87511/230.06 mi-2
£87511/230.06 mi-2
£92512/240.06 miImber Road, Warminster2
£77512/240.13 miImber Road, Warminster2
£75012/240.26 miMarket Place, Warminster2
£67511/230.32 mi-1
£95010/230.34 mi-2
£67510/240.52 mi-1
£85012/240.53 miSilver Street, Warminster, Wiltshire, BA122
£90012/240.63 miThe Teasels, Warminster, Wiltshire, BA123
£89501/250.64 mi-2
£1,10012/240.65 miThe Beeches, Warminster3
£1,15012/240.65 miThe Beeches, Warminster, BA123
£75012/230.69 mi-2
£97506/240.69 mi-2
£70004/250.69 mi-1
£2,29506/240.75 mi-4
£85012/240.76 miPepper Place, Warminster2
£82512/240.76 miPepper Place, Warminster2
£82512/240.76 miPepper Place, Warminster2
£1,75012/240.77 miBramley Close, Warminster4
£1,45001/250.81 mi-3
£92512/240.87 miWest Street, Warminster2
£80012/240.98 mi-2
£1,25012/241 mi-3
£1,27507/241.19 mi-3
£1,25012/242.09 mi-3
£1,20012/242.09 mi-3
£1,25012/242.21 miSutton Veny, Warminster3
£1,50001/252.48 mi-3

Links

Local Area Statistics

Population in BA12

28,537

Town centre distance

0.46 miles away

Nearest school

0.10 miles away

Nearest train station

0.28 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £450,000

January 16, 2025

Floor Plans

Description

  • Individual Detached Victorian Cottage +
  • Ripe for renovation with scope for development (STPP) +
  • Located close to the Town Centre +
  • Cloakroom, Sitting Room with open fire +
  • Large Conservatory, Dining Room +
  • Kitchen/Diner & Conservatory +
  • Spacious Bathroom & 3 Bedrooms +
  • Garage & Parking, Large Established Walled Gardens +
  • Electric Night Store Heating +
  • Sealed-unit Double Glazing. +

Located close to the Town Centre and ripe for renovation this individual Detached Victorian Cottage stands in .44 Acre plot with scope for residential development (STPP)
Spacious Hall, Cloakroom, Sitting Room with open fire, Large Conservatory, Dining Room, Kitchen/Diner & Conservatory, First Floor Landing, Spacious Bathroom & 3 Bedrooms, Garage & Parking, Large Established Walled Gardens, Electric Night Store Heating & Sealed-unit Double Glazing.

Agent Details

Davis & Latcham Estate Agents, Warminster

01985 802945

Next Steps?

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

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