3 Bed Terraced House, Refurb/BRRR, Bideford, EX39 3JE, £220,000

Elm Grove, Bideford, EX39 3JE - 1 views - 2 months ago

Refurb/BRRR
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£110K - £450K
Sold Prices/m²£1.4K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£210,805

 

 

End Value (After Refurb)

£226,382

Uplift in Value

+-8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£8,550

Refurb Costs

£37,702

Bridging Loan Interest

£5,775

Total Cash In

£108,777

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£226,382

Mortgage (After Refinance)

£169,786

Mortgage LTV

75%

Cash Released

£4,786

Cash Left In

£103,990

Equity

£56,595

Rent Range

£700 - £975

Rent Estimate

£874

Running Costs/mo

£902

Cashflow/mo

£-28

Cashflow/yr

£-339

Gross Yield

5%

Local Sold Prices

50 sold prices from £110K to £450K, average is £209.5K. £1.4K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£270K02/230.03 mi5, Myrtle Grove, Bideford, Devon EX39 3HZ3
£165K11/200.06 mi32, Elm Grove, Bideford, Devon EX39 3JF3
£203K02/210.06 mi63, Elm Grove, Bideford, Devon EX39 3JF3
£225K01/210.06 mi42, Elm Grove, Bideford, Devon EX39 3JF3
£132.1K02/230.1 mi2, Westcombe Lane, Bideford, Devon EX39 3JQ3
£340K09/210.1 mi2, Rectory Park, Bideford, Devon EX39 3AJ3
£315K03/210.1 mi21, Rectory Park, Bideford, Devon EX39 3AJ3
£185.5K06/210.12 mi42e, Lime Grove, Bideford, Devon EX39 3JN3
£199K11/200.16 mi7, The Strand, Bideford, Devon EX39 2NB3
£218K12/220.16 mi12, The Strand, Bideford, Devon EX39 2NB3
£216K12/200.17 mi16, North View Avenue, Bideford, Devon EX39 3LH3
£280K06/230.18 mi127, Lime Grove, Bideford, Devon EX39 3JW3
£330K03/210.22 mi4, Southbank Drive, Bideford, Devon EX39 3RJ3
£135K06/210.22 mi23, Old Town, Bideford, Devon EX39 3BH3
£250K02/210.22 mi30, North View Avenue, Bideford, Devon EX39 3LJ3
£110K01/210.23 mi21, Victoria Grove, Bideford, Devon EX39 2DN3
£185K12/200.24 mi7, Victoria Grove, Bideford, Devon EX39 2DN3
£239.9K09/210.25 mi6, Milton Place, Bideford, Devon EX39 3BN3
£199.9K03/210.25 mi23, Milton Place, Bideford, Devon EX39 3BN3
£158K12/200.25 mi2a, Milton Place, Bideford, Devon EX39 3BN3
£340K12/220.26 mi3, Park Avenue, Bideford, Devon EX39 2QH3
£202K01/210.26 mi4, Meadowville Road, Bideford, Devon EX39 3LD3
£178K01/210.26 mi110, Meddon Street, Bideford, Devon EX39 2EW3
£140K04/210.27 mi21, Old Town, Bideford, Devon EX39 3BH3
£170K03/210.27 mi1, Sunningdale Terrace, Bideford, Devon EX39 3LG3
£335K01/210.29 mi19, Middleton Road, Bideford, Devon EX39 3LU3
£245K02/230.29 mi2, Elmdale Road, Bideford, Devon EX39 3LF3
£400K03/230.31 mi1, Eton Close, Bideford, Devon EX39 3LX3
£165K11/200.32 miTrehurst, Kingsley Road, Bideford, Devon EX39 2LH3
£218K12/220.32 mi11, Alexandra Terrace, Bideford, Devon EX39 2PL3
£164.5K09/210.34 mi4, Montague Place, Bideford, Devon EX39 3BX3
£233K06/230.35 mi15, Ashley Terrace, Bideford, Devon EX39 3AL3
£185K11/200.35 mi9, Ashley Terrace, Bideford, Devon EX39 3AL3
£240K07/230.38 mi1, Wellbrook Terrace, Bideford, Devon EX39 2BG3
£180K06/210.39 mi59, Royston Road, Bideford, Devon EX39 3AW3
£183K02/210.39 mi54, Royston Road, Bideford, Devon EX39 3AW3
£162K07/230.41 mi8, Coronation Road, Bideford, Devon EX39 3DA3
£300K04/210.42 mi6, Glenburnie Road, Bideford, Devon EX39 2LW3
£265K11/200.45 mi33, Glenfield Road, Bideford, Devon EX39 2LU3
£280.5K02/210.45 mi4, Glenfield Road, Bideford, Devon EX39 2LU3
£250K03/230.46 mi99, Devonshire Park, Bideford, Devon EX39 5JF3
£255K07/230.46 mi84, Devonshire Park, Bideford, Devon EX39 5JF3
£194K10/200.48 mi2, Capern Road, Bideford, Devon EX39 3DY3
£175K04/210.48 mi1, Capern Road, Bideford, Devon EX39 3DY3
£216K04/210.48 mi23, Soloman Drive, Bideford, Devon EX39 5XY3
£295K12/220.5 mi1, Moreton Park Road, Bideford, Devon EX39 3AU3
£179.9K08/210.52 mi4, Railway Terrace, Bideford, Devon EX39 4BB3
£178.3K06/210.52 mi5, Waterloo Terrace, Bideford, Devon EX39 3DJ3
£135K02/210.52 mi4, Waterloo Terrace, Bideford, Devon EX39 3DJ3
£450K09/210.52 mi8, Orchard Rise, Bideford, Devon EX39 2RB3

Local Rents

14 rents from £700/mo to £975/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£83503/240.03 miMyrtle Grove, Bideford, Devon3
£95003/240.06 miPitt Lane, Bideford3
£70007/230.09 mi-3
£90009/230.11 mi-3
£80003/240.15 miHigh Street, Bideford, Devon, EX393
£85005/240.28 mi-3
£85005/240.28 mi-3
£85004/240.28 miBrigade House, Bideford, EX393
£89504/240.5 miDevonshire Park, Bideford, Devon, EX393
£81503/240.53 miGrange Bungalows, Bideford, Devon3
£97503/240.56 miTorridge Mount, Bideford3
£95004/240.57 miTorridge Mount, Bideford3
£95004/240.57 miTorridge Mount, Bideford3
£89503/240.59 miStrathmore Court, Bideford3

Local Area Statistics

Population in EX39

37,175

Town centre distance

0.36 miles away

Nearest school

0.30 miles away

Nearest train station

7.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Price changed to £220,000

March 20, 2025

Listed for £245,000

February 3, 2025

Floor Plans

Description

  • Guide Price £255,000 - £245,000 +
  • Mid Terrace House with No Onward Chain +
  • Abundance of Period & Character Features Throughout +
  • Opportunity for Modernisation +
  • Three Bedrooms & Large Attic Room +
  • Three Spacious Reception Rooms +
  • Contemporary Kitchen with Integral Appliances +
  • First Floor Bathroom & Ground Floor Shower Room +
  • Low-Maintenance Front Garden & Enclosed Rear Yard +
  • Short Walk to the Town Centre & Victoria Park +

INTERNAL: Entrance Porch - The front wooden entrance door opens to a small porch with original tiled flooring, a small cupboard housing the electric meter and consumer unit and a uPVC double glazed door to the hall. Entrance Hall - With carpeted flooring, a set of stairs to the first floor landing and a gas central heating radiator. Living Room - Offering generous space for furniture with a front aspect double glazed window with views of New Bridge and towards Instow, carpeted flooring, a feature fireplace housing a living flame gas fire with a decorative marble surround, mantelpiece and hearth, two recessed alcoves to either side with fitted storage, a radiator, decorative ceiling coving,  a picture rail and a set of bi-folding wooden glass paned doors to the: Sitting Room - Also accessed via the hall and providing ample space for furniture for various uses, with carpeted flooring, a feature closed fireplace with a surround and mantelpiece, two recessed alcoves to either side with fitted storage including a glass display cabinet to one side, a radiator, part decorative ceiling coving, a picture rail and open access to the: Kitchen/Diner - Fitted with a range of wall and base units with complementing worktops including a peninsula double width island and glass display cabinets, an inset one and a half sink basin with a drainer and mixer tap, an integrated set of appliances including two ovens, a grill and a countertop gas hob, space for further appliances and for a table and chairs for breakfast dining, a storage cupboard, a rear aspect double glazed window, a partly vaulted ceiling with two Velux skylight windows, vinyl tiled effect flooring, a radiator, ceiling spotlights and a door to the: Inner Hall - With vinyl flooring, space and plumbing for a washing machine, a door to the shower room and French wooden glass paned doors to the dining/family room. Shower Room - Comprising a low-level WC, a wash hand basin with an electric water heater, an inset shower enclosure with an electric shower and a glass door, a frosted side aspect double glazed window, carpeted flooring, vinyl flooring and tiled walls. Dining/Family Room - Providing ample space for furniture to suit various uses as a dining or family room, a study or a bedroom, with side aspect double glazed sash windows, vinyl flooring, a radiator, ceiling spotlights and a set of French uPVC double glazed doors to the rear garden. First Floor Landing - With carpeted flooring, stairs to the attic room with built-in storage beneath, a radiator and doors to the bedrooms and the bathroom. Bedroom One - Large double sized bedroom with a front aspect double glazed window with views of New Bridge, Estuary and Instow, carpeted flooring, a built-in storage cupboard with fitted shelves, a fitted wooden shelf unit, a radiator and a picture rail. Bedroom Two - Double sized bedroom with a rear aspect double glazed window, carpeted flooring, a built-in wardrobe with an overhead cupboard, a recessed alcove with fitted shelves and a radiator. Bedroom Three - Single sized bedroom with a rear aspect double glazed window, carpeted flooring, a wall-mounted gas combi boiler and a radiator. Bathroom - Comprising a push-button WC and a wash hand basin set into a vanity unit, a mirrored cabinet above, a panelled bath with an overhead shower and cladded splashbacks, a small frosted side aspect double glazed window, vinyl flooring and a radiator. Attic - Large space providing potential to be utilised for various uses or for conversion, ideally as a bedroom, play room or games room, with two Velux skylight windows, two smaller skylights, carpeted flooring, a built-in storage cupboard and eaves storage. EXTERNAL: To the front there is on-street parking and a set of steps leads up to low-maintenance paved yard and a pathway leading to the entrance, and to the rear is a further low-maintenance paved patio garden enclosed with country stone walling. LOCATION: The property is located in a sought after area on the western side of the port and the market town of Bideford with just a few minutes walk into the town centre which is home to a range of shops, amenities and facilities, as well the quayside and Victoria Park. There are also a range of local schools as well as excellent road and public transport links further afield. ADDITIONAL INFORMATION: Council Tax Band: A Local Authority: Torridge Early viewing is highly recommended due to the property being realistically priced. Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline 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. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

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