2 Bed Bungalow, Refurb/BRRR, SY7 0BA £120,000

12 Weston Road, Bucknell, Shropshire, SY7 0BA - 5 views - 10 months ago

Sold STC

Auction

Refurb/BRRR

ROI: 4%

~68 m²

+7 photos

ValuationFair Value

Sold Prices	£127K - £545K
Sold Prices/m²	£2.4K/m² - £6.1K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£122,400£122,400

End Value (After Refurb)	£198,500£198,500
Uplift in Value	+65%+65%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£4,800£4,800
Refurb Costs	£27,537£27,537
Bridging Loan Interest	£3,150£3,150
Total Cash In	£67,237£67,237

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£198,500£198,500
Agent Fees (1%)	£1,985£1,985
Bridging Loan	£90,000£90,000
Bridging Loan Interest	£3,150£3,150
Flip Profit	£39,278£39,278

Local Sold Prices

12 sold prices from £127K to £545K, average is £220K. £2.4K/m² to £6.1K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£200K	04/22	0.49 mi	2, Sitwell Terrace, Bucknell, Shropshire SY7 0DB	£2,653	75	2	Terraced House
£200K	09/24	0.55 mi	Skelmorlie, Dog Kennel Lane, Bucknell SY7 0AX	-	-	2	Semi-Detached House
£130K	06/21	0.57 mi	3, Tavern Flats, Bucknell, Shropshire SY7 0AU	-	-	2	Semi-Detached House
£200K	09/24	0.59 mi	Skelmorlie, Dog Kennel Lane, Bucknell, Shropshire SY7 0AX	£3,636	55	2	Bungalow
£240K	02/25	0.6 mi	1, Redlake Place, Bucknell SY7 0AG	£3,478	69	2	Bungalow
£240K	02/25	0.6 mi	1, Redlake Place, Bucknell SY7 0AG	-	-	2	Detached House
£310K	07/23	0.6 mi	4, Seabridge Meadow, Bucknell, Shropshire SY7 0AP	-	-	2	Detached House
£335K	11/22	0.6 mi	3, Seabridge Meadow, Bucknell, Shropshire SY7 0AP	£6,091	55	2	Detached House
£127.5K	05/22	0.62 mi	2, Bedstone Road, Bucknell, Shropshire SY7 0AQ	£2,406	53	2	Terraced House
£127K	09/21	0.63 mi	2, Mill Cottages, Bucknell, Shropshire SY7 0AR	-	-	2	Terraced House
£425K	02/24	0.67 mi	Hillside Cottage, Bridgend Lane To Little Mynd, Bucknell SY7 0AL	£3,899	109	2	Detached House
£545K	07/25	2.57 mi	Fold Cottage, Walford Farm Lane, Craven Arms SY7 0JT	-	-	2	Detached House

Local Rents

19 rents from £550/mo to £1.7K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£1,095	10/23	0.42 mi	-	4	Semi-Detached House
£550	08/25	0.44 mi	Tyndings, Bucknell, Shropshire	3	Terraced House
£725	08/25	0.5 mi	Sitwell Terrace, Bucknell, Shropshire	3	Terraced House
£575	07/25	0.5 mi	Sitwell Terrace, Bucknell, Shropshire	3	Terraced House
£850	08/25	0.58 mi	Bucknell, Shropshire	3	House
£1,000	04/24	0.58 mi	Knighton, Powys	4	Flat
£850	10/25	0.58 mi	Nr Knighton	3	Terraced House
£625	08/25	0.62 mi	Bucknell, Shropshire	3	Room
£625	07/25	0.62 mi	Bucknell, Shropshire	3	Room
£800	08/25	0.68 mi	Bucknell, Shropshire	3	Terraced House
£1,700	11/25	1.24 mi	Weston Farm, Bucknell, Nr Craven Arms, Shropshire	5	Detached House
£875	11/25	1.32 mi	Nurses Cottage, Brampton Bryan, Bucknell, Shropshire	3	Semi-Detached House
£950	11/25	1.32 mi	Pound House, Brampton Bryan, Bucknell, Herefordshire	2	Semi-Detached House
£1,600	11/25	1.35 mi	-	4	Detached House
£1,600	10/25	1.35 mi	Mynd, Bucknell, SY7	4	Detached House
£1,100	07/25	1.4 mi	Potlid Cottage, Bucknell, Herefordshire	2	Detached House
£795	09/25	1.91 mi	Bedstone, Bucknell, Craven Arms	2	Semi-Detached House
£850	09/25	2.13 mi	Buckton, Leintwardine, Craven Arms	2	Semi-Detached House
£850	07/25	2.47 mi	Millennium Cottage, Walford, Leintwardine, Craven Arms	2	Detached House

Local Area Statistics

Population in SY7	11,16011,160
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.38 miles away0.38 miles away

Rental growth (12m)	+13%+13%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £120,000

February 5, 2025

Description

2 Bedroom +
Detached +
In need of Modernisation +
Off-Road Parking +
EPC -TBC +
No Chain +

FOR SALE BY PUBLIC AUCTION - GUIDE PRICE £120,000 - £150,000. 2 Bedroom detached timber frame bungalow set in its own gardens and with off road parking with lovely rural views. Requires some modernisation. No Chain.

Agent Details

Pughs, Ledbury

01531 808791

Next Steps?

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

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