3 Bed Terraced House, Refurb/BRRR, Swindon, SN2 2JP, £190,000

Bourne Road, Swindon, SN2 2JP - 3 views - a month ago

Auction
Refurb/BRRR
ROI: 4%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£170K - £485K
Sold Prices/m²£1.5K/m² - £5.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£193,800

 

 

End Value (After Refurb)

£258,070

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Refurb Costs

£38,000

Bridging Loan Interest

£4,988

Total Cash In

£99,138

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£258,070

Agent Fees (1%)

£2,581

Bridging Loan

£142,500

Bridging Loan Interest

£4,988

Flip Profit

£13,852

Local Sold Prices

50 sold prices from £170K to £485K, average is £249K. £1.5K/m² to £5.1K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£219K08/230.03 mi112, Bourne Road, Swindon SN2 2JW3
£235K01/240.07 mi58, Bolingbroke Road, Swindon SN2 2JU3
£218K12/230.12 mi19, Bolingbroke Road, Swindon SN2 2LB3
£210K04/230.13 mi89, Montrose Close, Swindon SN2 2JS3
£251K10/230.13 mi77, Montrose Close, Swindon SN2 2JS3
£245K04/230.13 mi33, Montrose Close, Swindon SN2 2JR3
£233.5K03/210.15 mi18, Ridgeway Close, Swindon SN2 2LA3
£235K03/240.16 mi12b, Manor Crescent, Moredon, Swindon SN2 2LF3
£235K06/210.16 mi40, Manor Crescent, Swindon, Thamesdown SN2 2LF3
£350K06/230.18 mi109, Moredon Road, Swindon SN2 2JG3
£325K12/220.18 mi119, Moredon Road, Swindon SN2 2JG3
£217K09/230.19 mi20, Clapham Close, Moredon, Swindon SN2 2FN3
£247K03/210.24 mi20, Pembroke Gardens, Swindon SN25 3EW3
£257K05/230.26 mi1a, Pembroke Gardens, Swindon SN25 3EN3
£220K06/210.27 mi13, North Leaze Close, Swindon SN2 2JJ3
£355K06/210.28 mi139, Cheney Manor Road, Swindon SN2 2NY3
£340K10/210.3 mi60, Church Walk South, Swindon SN2 2JE3
£222K07/210.3 mi4, Church Walk South, Swindon SN2 2JE3
£257K03/210.3 mi31, Church Walk South, Swindon SN2 2JE3
£380K06/230.3 mi13, Church Walk South, Swindon SN2 2JE3
£325K01/230.3 mi24, Church Walk South, Swindon SN2 2JE3
£260K06/240.3 mi4, Church Walk South, Swindon SN2 2JE3
£400K12/220.3 mi23, Church Walk South, Swindon SN2 2JE3
£485K03/240.3 mi218, Cheney Manor Road, Swindon SN2 2NZ3
£321K03/210.3 miHighmount, 32, Church Walk South, Swindon SN2 2JE3
£220K06/210.32 mi34, Wickdown Avenue, Swindon SN25 3DY3
£207K11/210.33 mi10, Coombe Road, Swindon SN25 3DZ3
£182K02/210.33 mi44, Coombe Road, Swindon SN25 3DZ3
£195K03/210.33 mi30, Coombe Road, Swindon SN25 3DZ3
£177K11/200.33 mi47, Cheddar Road, Swindon SN25 3HE3
£265K06/230.35 mi16, Brooklands Avenue, Swindon SN2 2PB3
£267K03/230.35 mi18, Brooklands Avenue, Swindon SN2 2PB3
£325K06/210.36 mi245, Cheney Manor Road, Swindon SN2 2PE3
£194K09/230.36 mi69, Elborough Road, Swindon SN2 2LP3
£202K07/210.38 mi15, Lulworth Road, Swindon SN25 3HF3
£215K12/200.4 mi16, Vicarage Road, Swindon SN2 1JG3
£275K10/210.41 mi15, Church Walk North, Swindon SN25 3DH3
£305K11/200.41 mi34, Vicarage Road, Swindon SN2 1JQ3
£260K07/210.41 mi85, Mulberry Grove, Swindon SN2 1JD3
£177.5K02/210.42 mi76, Abbey View Road, Moredon, Swindon SN25 3EG3
£175K01/210.42 mi3, Baydon Close, Swindon SN25 3DP3
£275K05/210.43 mi22, Church Walk North, Swindon SN25 3DJ3
£185K05/210.44 mi11, Barton Road, Swindon SN25 3EU3
£170K08/210.45 mi100, Cheney Manor Road, Swindon SN2 2NR3
£325K02/240.45 mi7, Somerset Road, Swindon SN2 1NE3
£196K04/240.46 mi205, Beech Avenue, Swindon SN2 1LN3
£285K10/230.46 mi6, Little Avenue, Swindon SN2 1NL3
£312K07/230.47 mi97, Avonmead, Greenmeadow, Swindon SN25 3PA3
£266K01/210.47 mi103, Avonmead, Greenmeadow, Swindon SN25 3PA3
£322.5K05/230.47 mi117, Avonmead, Greenmeadow, Swindon SN25 3PA3

Local Rents

18 rents from £1.1K/mo to £2.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,45009/240.05 miBolingbroke Road, Swindon3
£1,50009/240.1 miMoredon Road, Moredon, SN23
£1,40007/240.13 mi-3
£2,50009/240.16 mi-3
£2,60009/240.16 mi-3
£1,30001/250.18 mi-3
£1,32509/240.27 miBates Way, SWINDON3
£1,40009/240.28 mi-3
£1,20009/240.28 mi-3
£1,40009/240.28 miCheney Manor Road, Swindon, SN23
£1,37509/240.32 mi-3
£1,35010/240.4 mi-3
£1,35009/240.47 miSomerset Road, Swindon3
£1,15009/240.47 mi-3
£1,19502/250.47 mi-3
£1,15009/240.47 miElborough Road, SWINDON3
£1,08309/240.48 miThe Street, Swindon, Wiltshire, SN253
£1,44504/240.57 mi-3

Local Area Statistics

Population in SN2

41,193

Population in Swindon

211,186

Town centre distance

1.33 miles away

Nearest school

0.20 miles away

Nearest train station

1.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £190,000

February 3, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +

  • Subject to an undisclosed Reserve Price +

  • Buyers fees apply +

  • NO ONWARD CHAIN +

  • Three bedroom home +

  • Perfect renovation opportunity +

  • Non-standard construction-Easi form +

  • Moredon area North Swindon +

SUMMARY
This charming THREE BEDROOM SEMI-DETACHED HOME is offered to the market with the added benefit of NO ONWARD CHAIN. TWO RECEPTION ROOMS. The property has a large ENCLOSED REAR GARDEN.

DESCRIPTION
This charming three-bedroom, semi-detached home is offered to the market with the added benefit of NO ONWARD CHAIN making it an ideal choice for a straightforward move. The property is of non-standard construction which provides an opportunity for those seeking a project or wishing to explore renovation options to suit modern tastes. The ground floor is comprised of an entrance porch ideal for storing coats and shoes, which leads into a spacious entrance hall. From here, you'll find two generously-sized reception rooms. The lounge is a comfortable space, perfect for relaxing or entertaining, while the separate dining room offers an ideal area for family meals or hosting guests. Both rooms feature ample natural light, contributing to a bright and welcoming atmosphere throughout the home. The kitchen is located to the rear of the property including integral appliances and a conservatory leading to the rear garden. On the first floor, the property features three well-proportioned bedrooms and family bathroom completing the upstairs. Externally the home has external large rear garden.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Ground Floor Accommodation 

Entrance Porch  
Double glazed window to the front aspect. Double glazed windows to all areas. Access to entrance hall.

Entrance Hall 
Access to lounge, kitchen and cloakroom.

Cloakroom 
Two piece suite comprising of Low Level wc and wash hand basin.

Lounge 13' 3" x 12' 6" ( 4.04m x 3.81m )
Triple glazed window to the front aspect. Double doors to the dining room. Gas fire place. Radiator.

Dining Room 10' 1" x 8' 11" ( 3.07m x 2.72m )
Doors leading to the kitchen and double glazed sliding doors to the conservatory.

Kitchen 10' 2" x 9' 6" ( 3.10m x 2.90m )
Double glazed window to the rear aspect. Access to the dining room and hall. Double glazed door to the side leading to the rear garden. Fully fitted kitchen with a range of base and wall mounted units comprising of cupboards and drawers. Space and plumbing for washing machine. One and a half sink with drainer and mixer tap. Integrated oven, cooker hood and electric hob. Partially tiled to water sensitive areas.

Conservatory 16' x 8' ( 4.88m x 2.44m )
Double glazed window to all areas.

First Floor Accommodation 

First Floor Landing 
Access to all bedrooms and family bathroom

Bedroom One 11' 6" x 11' 3" MAX narrowing to 9' 2" ( 3.51m x 3.43m MAX narrowing to 2.79m )
Triple glazed window to the front aspect. Radiator.

Bedroom Two 11' 2" x 10' 2" ( 3.40m x 3.10m )
Triple glazed window to the rear aspect. Radiator.

Bedroom Three 8' 6" x 8' 4" ( 2.59m x 2.54m )
Triple glazed window to the front aspect. Radiator.

Bathroom 
Obscure double glazed window to the side aspect. Three piece suite comprising of Low Level WC, wash hand basin and shower.

External Features 

Garden 
Fenced boundaries. Shed. Greenhouse. Mainly laid to lawn.

Agent Note 
Please note this is a non-standard construction Easi-form

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Swindon (North)

01793 540170

Next Steps?

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