3 Bed Terraced House, Refurb/BRRR, Barnstaple, EX32 9EE, £170,000

Corporation Street, Barnstaple, EX32 9EE - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~104 m²
+2 photos

ValuationFair Value

Sold Prices£125K - £435K
Sold Prices/m²£1.5K/m² - £4.7K/m²

 

 

Square Metres

~103.80 m²
Price/m²£1.6K/m²

Value Estimate

£171,700

 

 

End Value (After Refurb)

£246,192

Uplift in Value

+45%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Refurb Costs

£42,413

Bridging Loan Interest

£4,463

Total Cash In

£101,725

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£246,192

Agent Fees (1%)

£2,462

Bridging Loan

£127,500

Bridging Loan Interest

£4,463

Flip Profit

£14,505

Local Sold Prices

50 sold prices from £125K to £435K, average is £215.5K. £1.5K/m² to £4.7K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£315K02/210.05 mi45, Clinton Road, Barnstaple, Devon EX32 9EA3
£335K09/210.05 mi14, South Street, Barnstaple, Devon EX32 9DT3
£278K05/210.05 mi8, South Street, Barnstaple, Devon EX32 9DT3
£330K01/230.05 mi38, Clinton Road, Barnstaple, Devon EX32 9EA3
£205K07/220.09 mi23, Church Grove, Barnstaple, Devon EX32 9DJ3
£125K02/230.1 mi28, Church Grove, Barnstaple, Devon EX32 9DJ3
£220K06/230.1 mi9, Church Grove, Barnstaple, Devon EX32 9DJ3
£199.9K11/200.12 mi10, Hughes Avenue, Barnstaple, Devon EX32 9LN3
£196K01/230.16 mi3, Cyprus Terrace, Barnstaple, Devon EX32 9JF3
£260K04/230.16 mi47, Cyprus Terrace, Barnstaple, Devon EX32 9JF3
£185K08/210.16 mi39, Orchard Road, Barnstaple, Devon EX32 9JQ3
£178K12/200.16 mi5, Orchard Road, Barnstaple, Devon EX32 9JQ3
£180K02/210.16 mi27, Orchard Road, Barnstaple, Devon EX32 9JQ3
£175K07/210.16 mi31, Orchard Road, Barnstaple, Devon EX32 9JQ3
£210K03/230.16 mi37, Orchard Road, Barnstaple, Devon EX32 9JQ3
£290K11/220.18 mi67, Victoria Street, Barnstaple, Devon EX32 9JE3
£174.6K11/220.19 mi20, Cyprus Terrace, Barnstaple, Devon EX32 9JG3
£205K12/220.21 mi24, Portland Street, Barnstaple, Devon EX32 9JL3
£435K03/230.22 mi5, Villa Close, Barnstaple, Devon EX32 9EX3
£194K09/210.23 mi40, Portland Street, Barnstaple, Devon EX32 9JL3
£185K04/210.23 mi44, Victoria Street, Barnstaple, Devon EX32 9JD3
£217K04/230.25 mi38, St Johns Lane, Barnstaple, Devon EX32 9DD3
£158.5K02/210.26 mi9, Gloster Road, Barnstaple, Devon EX32 9JS3
£186K04/210.26 mi11, Gloster Road, Barnstaple, Devon EX32 9JS3
£200K11/210.26 mi46, St Johns Lane, Barnstaple, Devon EX32 9DD3
£315K08/210.27 miCrestlyn, Broadmead Bungalows, Barnstaple, Devon EX32 9DB3
£270K04/210.28 mi6, Merrylees Drive, Barnstaple, Devon EX32 9DQ3
£180K06/230.29 mi4, Brookdale Terrace, Barnstaple, Devon EX32 9HZ3
£427.5K03/210.31 mi32, Chichester Road, Barnstaple, Devon EX32 9EH3
£420K08/230.33 mi9, Willow Tree Road, Barnstaple, Devon EX32 9ET3
£207K01/210.33 mi32, Shrubbery Close, Barnstaple, Devon EX32 9DG3
£243.5K11/200.33 mi33, Shrubbery Close, Barnstaple, Devon EX32 9DG3
£250K04/210.33 mi39, Shrubbery Close, Barnstaple, Devon EX32 9DG3
£227K02/230.33 mi19, Gloster Road, Barnstaple, Devon EX32 9JR3
£310K10/220.33 mi11, Shrubbery Close, Barnstaple, Devon EX32 9DG3
£263K07/230.34 mi43, Jordan Close, Barnstaple, Devon EX32 9DN3
£172K03/210.35 mi10, Victoria Lawn, Barnstaple, Devon EX32 9HU3
£184K12/200.35 mi9, Victoria Lawn, Barnstaple, Devon EX32 9HU3
£212K07/230.35 mi12, Victoria Lawn, Barnstaple, Devon EX32 9HU3
£214K05/230.35 mi29, Broadfield Road, Barnstaple, Devon EX32 9JW3
£225K06/230.35 mi22, Broadfield Road, Barnstaple, Devon EX32 9JW3
£150K05/210.36 mi7, Victoria Street, Barnstaple, Devon EX32 9HT3
£287.5K07/210.37 mi1, Style Close, Barnstaple, Devon EX32 9EL3
£185K07/210.38 mi2, Victoria Close, Barnstaple, Devon EX32 9HX3
£177K02/230.38 mi1, Victoria Close, Barnstaple, Devon EX32 9HX3
£290K11/200.38 mi1, Coppice Gate, Barnstaple, Devon EX32 9PD3
£327K12/220.4 mi39, Coppice Gate, Barnstaple, Devon EX32 9PD3
£308K05/210.42 mi13, Fairacre Avenue, Barnstaple, Devon EX32 9DF3
£310K02/210.43 mi15, Hayne Park, Barnstaple, Devon EX32 8DT3
£245K03/210.43 mi5, Cherry Arbour, Barnstaple, Devon EX32 9PB3

Local Rents

13 rents from £730/mo to £2.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£80011/240.53 mi-3
£1,00010/240.76 mi-3
£92503/240.78 miMartin Road, Barnstaple, Devon, EX323
£73005/240.81 miBoutport Street, Barnstaple, Devon3
£78505/240.85 mi-3
£78505/240.85 mi-3
£1,20009/240.86 mi-3
£2,50001/250.89 mi-3
£2,50002/250.89 mi-3
£1,50002/250.89 mi-3
£1,00004/241.09 miOak Tree Drive, Barnstaple3
£95004/241.12 miGranville Avenue, Barnstaple, Devon, EX323
£1,35005/241.21 miWestfield Avenue, Barnstaple, Devon3

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.88 miles away

Nearest school

0.10 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Price changed to £170,000

February 4, 2025

Listed for £185,000

January 29, 2025

Floor Plans

Description

  • Spacious Three-Bedroom Home +
  • Two Reception Rooms +
  • Modern Bathroom with Freestanding Tub +
  • Loft Conversion +
  • Potential to Add Value +
  • Well-Positioned Location +

Nestled in a sought-after location, this three-bedroom terraced home is a fantastic opportunity for buyers seeking space and potential. The property boasts two generous reception rooms, providing ample space for living and dining. The kitchen is well-sized and offers scope for modernisation to suit contemporary tastes.

The first floor accommodates two well-proportioned bedrooms, while the second floor benefits from a loft conversion, ideal for an additional bedroom, office, or storage space. The modern bathroom is a standout feature, complete with stylish tiling, a freestanding bathtub, and a separate shower unit.

Externally, the property benefits from a front garden and a rear yard, offering a low-maintenance outdoor area. Located within easy reach of transport links, schools, and local shops, this home is perfect for families and investors alike.

Council Tax Band: B

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You can secure this property with an optional reservation deposit of £2,500. This forms part of the property's total purchase price and is not an additional fee. The deposit draws up a legally binding exclusivity agreement which gives exclusive rights to purchase the property within an agreed timeframe.
The reservation deposit guarantees that the seller will remove their property from the market as soon as the offer is accepted and the deposit is paid. This means that the property is reserved for you, giving you time to complete the sale without the risk of being gazumped.
The fixed exclusivity period (typically 8-10 weeks) allows you to prepare financing, surveys and property searches with the confidence that you aren't wasting money on a sale that may fall through.
Speak to one of our property specialists about our reservation deposit scheme to find out more.

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These particulars, whilst believed to be accurate, are set out as a general outline and are only intended as guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. No person employed by SmoothSale has the authority to make or give any representation or warranty in respect of the property. Photographs are reproduced for general information and it must not be inferred that any item shown is included for sale with the property. Prospective purchasers are advised to inspect the property and commission an expert report where appropriate.

Agent Details

SmoothSale, Leeds

0117 463 2797

Next Steps?

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