3 Bed Terraced House, Refurb/BRRR, Bideford, EX39 4HG, £175,000

Churchill Road, Bideford, EX39 4HG - 3 months ago

Sold STC
Refurb/BRRR
~93 m²
+7 photos

ValuationFair Value

Sold Prices£110K - £390K
Sold Prices/m²£1.4K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£178,500

 

 

End Value (After Refurb)

£229,293

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£37,702

Bridging Loan Interest

£4,594

Total Cash In

£94,245

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£229,293

Mortgage (After Refinance)

£171,970

Mortgage LTV

75%

Cash Released

£40,720

Cash Left In

£53,526

Equity

£57,323

Rent Range

£700 - £1,100

Rent Estimate

£875

Running Costs/mo

£912

Cashflow/mo

£-37

Cashflow/yr

£-438

Gross Yield

6%

Local Sold Prices

49 sold prices from £110K to £390K, average is £200K. £1.4K/m² to £4.6K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£220K03/230.09 mi11, Goaman Road, Bideford, Devon EX39 4HB3
£210K01/230.1 mi8, Gammaton Road, Bideford, Devon EX39 4DG3
£196.5K01/210.16 mi70, Fulford Close, Bideford, Devon EX39 4DX3
£205K03/210.16 mi60, Fulford Close, Bideford, Devon EX39 4DX3
£190K01/210.16 mi19, Fulford Close, Bideford, Devon EX39 4DX3
£230K09/210.16 mi28, Tennacott Heights, Bideford, Devon EX39 4DH3
£170K08/230.2 mi11, Barton Tors, Bideford, Devon EX39 4EY3
£202K08/230.22 mi12, Monks Close, Bideford, Devon EX39 4DN3
£251K12/220.24 mi13, Trent Close, Bideford, Devon EX39 4DW3
£185.5K01/210.26 mi78, Sentry Corner, Bideford, Devon EX39 4BS3
£200K11/200.26 mi73, Sentry Corner, Bideford, Devon EX39 4BS3
£165K01/210.26 mi47, Churchill Road, Bideford, Devon EX39 4HG3
£220K04/230.27 mi6, Alver Green, Bideford, Devon EX39 4DL3
£165K02/210.28 mi35, Sentry Corner, Bideford, Devon EX39 4BP3
£225K06/210.28 mi20, Abbots Drive, Bideford, Devon EX39 4DB3
£188K11/200.3 mi1, Sentry Corner, Bideford, Devon EX39 4BW3
£235K08/230.34 mi25, Broadlands, Bideford, Devon EX39 4QL3
£165K09/210.34 mi85, Clifton Street, Bideford, Devon EX39 4EX3
£185K06/210.37 mi19, Heathfield Road, Bideford, Devon EX39 4BU3
£165K08/210.37 mi16, Heathfield Road, Bideford, Devon EX39 4BU3
£182K11/200.4 mi7, Boards Court, Bideford, Devon EX39 4FJ3
£195K08/210.4 mi20, Boards Court, Bideford, Devon EX39 4FJ3
£237.5K04/230.4 mi22, Fort Terrace, Bideford, Devon EX39 4BJ3
£175K04/230.44 mi18, Brookfield Street, Bideford, Devon EX39 4ER3
£145K07/210.44 mi25, Brookfield Street, Bideford, Devon EX39 4ER3
£260K03/230.47 mi14, Chudleigh Avenue, Bideford, Devon EX39 4AT3
£177.5K03/210.47 mi28, Torridge Mount, Bideford, Devon EX39 4EL3
£192.5K11/200.5 mi3, Chapel Park Close, Bideford, Devon EX39 4FD3
£250K04/210.51 mi1, Ian Hay Close, Bideford, Devon EX39 4RL3
£305K08/230.51 mi46, East Ridge View, Bideford, Devon EX39 4RS3
£240K03/230.51 mi22, East Ridge View, Bideford, Devon EX39 4RS3
£179.9K08/210.52 mi4, Railway Terrace, Bideford, Devon EX39 4BB3
£250K06/210.57 mi63, Biddiblack Way, Bideford, Devon EX39 4AY3
£390K09/210.6 miEnglyn, Westview Avenue, Bideford, Devon EX39 4AL3
£233K06/210.61 mi21, Pollards Place, Bideford, Devon EX39 4FE3
£350K04/210.67 miBur-que, Old Barnstaple Road, Bideford, Devon EX39 4AJ3
£293.3K03/210.67 miHelios, Old Barnstaple Road, Bideford, Devon EX39 4AJ3
£240K07/230.71 mi1, Wellbrook Terrace, Bideford, Devon EX39 2BG3
£250K03/230.73 mi99, Devonshire Park, Bideford, Devon EX39 5JF3
£255K07/230.73 mi84, Devonshire Park, Bideford, Devon EX39 5JF3
£216K04/210.83 mi23, Soloman Drive, Bideford, Devon EX39 5XY3
£185K12/200.87 mi7, Victoria Grove, Bideford, Devon EX39 2DN3
£110K01/210.88 mi21, Victoria Grove, Bideford, Devon EX39 2DN3
£178K01/210.92 mi110, Meddon Street, Bideford, Devon EX39 2EW3
£162K07/230.97 mi8, Coronation Road, Bideford, Devon EX39 3DA3
£135K06/210.97 mi23, Old Town, Bideford, Devon EX39 3BH3
£199K11/200.98 mi7, The Strand, Bideford, Devon EX39 2NB3
£218K12/220.98 mi12, The Strand, Bideford, Devon EX39 2NB3
£140K04/211 mi21, Old Town, Bideford, Devon EX39 3BH3

Local Rents

16 rents from £700/mo to £1.1K/mo, average is £893/mo.

RentDateDistanceAddressBeds 
£95004/240.47 miTorridge Mount, Bideford3
£95004/240.47 miTorridge Mount, Bideford3
£1,10004/250.48 mi-3
£97503/240.48 miTorridge Mount, Bideford3
£89003/240.48 miEast Ridge View, Bideford, Devon3
£81503/240.55 miGrange Bungalows, Bideford, Devon3
£89504/240.72 miDevonshire Park, Bideford, Devon, EX393
£85004/240.76 miBrigade House, Bideford, EX393
£85005/240.76 mi-3
£85005/240.76 mi-3
£80003/240.89 miHigh Street, Bideford, Devon, EX393
£90009/230.93 mi-3
£95003/240.98 miPitt Lane, Bideford3
£83503/241.03 miMyrtle Grove, Bideford, Devon3
£70007/231.13 mi-3
£89503/241.15 miStrathmore Court, Bideford3

Local Area Statistics

Population in EX39

37,175

Town centre distance

0.74 miles away

Nearest school

0.30 miles away

Nearest train station

7.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £175,000

January 17, 2025

Floor Plans

Description

  • Renovation Project +
  • 3 Good Size Bedrooms +
  • 2 Living Areas +
  • Gas Fired Central Heating (Ideal Combi Boiler) +
  • uPVC Double Glazing +
  • Adjoining Brick Built Store +
  • South Facing Rear Garden +
  • Recent New Timber Fencing +
  • Potential to Create Off Parking +
  • No Onward Chain +

No49 presents a great opportunity for those with trade skills or previous development experience whilst an early completion would possible should a purchase be time sensitive.

Although refurbishment is required, the property benefits from gas central heating via an Ideal combination boiler, together with uPVC double glazed windows and doors.

The ground floor comprises of an open plan hall & dining area which opens separately into the lounge and kitchen areas. There is a useful ground floor cloakroom WC whilst from the rear porch is a useful brick built storage room.

Stairs with half landing rise to the first floor and to 3 good sized bedrooms and family bathroom. Two of the bedrooms will accommodate a double bed whilst having space for or to create built-in wardrobes.

Externally, the rear garden is enclosed with recently replaced timber fencing with lawn and patio areas. The frontage to the house is a good size which neighbouring properties have utilised to create off road parking.

Services: All mains services are connected
Energy Performance Certificate: C (72)
Council Tax: BAND A (£1,598.57 per annum)

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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