2 Bed Terraced House, Refurb/BRRR, Bideford, EX39 2PN, £135,000

2 Glendale Terrace, Bideford, EX39 2PN - 2 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
Planning
83 m²
+4 photos

ValuationFair Value

Sold Prices£92K - £315K
Sold Prices/m²£1.4K/m² - £4.8K/m²

 

 

Square Metres

83 m²
Price/m²£1.6K/m²

Value Estimate

£135,000

 

 

End Value (After Refurb)

£221,697

Uplift in Value

+64%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£33,648

Bridging Loan Interest

£3,544

Total Cash In

£77,941

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£221,697

Agent Fees (1%)

£2,217

Bridging Loan

£101,250

Bridging Loan Interest

£3,544

Flip Profit

£40,289

Local Sold Prices

50 sold prices from £92K to £315K, average is £189K. £1.4K/m² to £4.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£200K02/210.21 mi23, Chanters Road, Bideford, Devon EX39 2QN2
£295K04/210.23 mi6, Northdown Drive, Bideford, Devon EX39 3LW2
£295K02/210.25 mi18, Middleton Road, Bideford, Devon EX39 3LU2
£215K06/230.28 mi51, Lime Grove, Bideford, Devon EX39 3JL2
£193K12/200.29 mi70a, Hanson Park, Northam, Bideford, Devon EX39 3SB2
£270K06/210.29 miBrackens, First Raleigh, Bideford, Devon EX39 3NJ2
£230K06/230.29 miTibu, First Raleigh, Bideford, Devon EX39 3NJ2
£210K07/230.32 mi65, Lime Grove, Bideford, Devon EX39 3JN2
£195K05/210.33 mi56, Elm Grove, Bideford, Devon EX39 3JF2
£143K01/210.4 mi22, Lower Gunstone, Bideford, Devon EX39 2DE2
£240K04/230.4 mi17, Riverside Close, Bideford, Devon EX39 2RX2
£165K09/210.51 mi51, Victoria Gardens, Bideford, Devon EX39 2BA2
£141K02/210.52 mi2, Chapel Street, Bideford, Devon EX39 2JZ2
£220K05/210.54 mi12, Milton Place, Bideford, Devon EX39 3BN2
£222K04/230.54 mi11, Milton Place, Bideford, Devon EX39 3BN2
£195K07/230.54 mi10, Victoria Grove, Bideford, Devon EX39 2DN2
£135K06/230.55 mi1, Trafalgar Place, Bideford, Devon EX39 3BJ2
£146.5K04/210.55 mi4, Model Terrace, Bideford, Devon EX39 2EP2
£125K05/210.56 mi3, Hyfield Place, Bideford, Devon EX39 2DW2
£208.8K12/220.57 mi98, Meddon Street, Bideford, Devon EX39 2EW2
£148K11/200.57 mi98, Meddon Street, Bideford, Devon EX39 2EW2
£124K12/210.57 mi84, Meddon Street, Bideford, Devon EX39 2EW2
£188K09/210.57 mi10, Pannier Mews, Bideford, Devon EX39 2DT2
£130K08/210.57 mi13, Silver Street, Bideford, Devon EX39 2DY2
£93K03/210.57 mi29, Silver Street, Bideford, Devon EX39 2DY2
£112K11/200.57 mi9, Silver Street, Bideford, Devon EX39 2DY2
£92K03/210.57 miMews Cottage, Silver Street, Bideford, Devon EX39 2DY2
£155K02/210.58 mi23, Geneva Place, Bideford, Devon EX39 3BS2
£190K12/220.58 mi18, Geneva Place, Bideford, Devon EX39 3BS2
£128K02/210.59 mi45, Meddon Street, Bideford, Devon EX39 2EQ2
£151K09/210.6 mi8a, Meddon Street, Bideford, Devon EX39 2EF2
£188K07/230.6 mi43, Meddon Street, Bideford, Devon EX39 2EF2
£315K04/230.61 miLittle Melville, Heywood Road, Northam, Bideford, Devon EX39 3QB2
£160K02/230.61 miThe Old Barber Shop, 3, Clovelly Road, Bideford, Devon EX39 3BU2
£215K06/230.61 mi24, Lower Meddon Street, Bideford, Devon EX39 2BJ2
£215K11/210.62 mi20, Harlseywood, Bideford, Devon EX39 3FB2
£180K08/210.62 mi19, Harlseywood, Bideford, Devon EX39 3FB2
£130K08/210.64 mi27, Bull Hill, Bideford, Devon EX39 2BH2
£148K06/210.65 mi27, Barnstaple Street, Bideford, Devon EX39 4AE2
£295K07/230.66 mi10, Vinegar Hill, Bideford, Devon EX39 4AF2
£195K01/230.66 mi7, Kingsley Terrace, Bideford, Devon EX39 2BQ2
£159.9K12/200.67 mi11, Marland Terrace, Bideford, Devon EX39 3BZ2
£192K03/230.67 mi4, Marland Terrace, Bideford, Devon EX39 3BZ2
£165K05/230.67 mi116, Clovelly Road, Bideford, Devon EX39 3BY2
£282.5K06/210.69 mi4, Dursley Way, Bideford, Devon EX39 3PZ2
£260K06/230.69 mi7, Dursley Way, Bideford, Devon EX39 3PZ2
£260K12/210.7 mi1, Grange Bungalows, Bideford, Devon EX39 4AW2
£180K12/220.7 mi17, Coronation Road, Bideford, Devon EX39 3DA2
£270.5K03/210.72 mi12a, Quarry Close, Bideford, Devon EX39 3RA2
£111.5K12/200.72 mi18a, Torrington Street, Bideford, Devon EX39 4DP2

Local Rents

22 rents from £580/mo to £2.5K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£58004/240.26 miManchester House, Bideford, Devon2
£62504/240.34 miColdharbour, Bideford2
£64004/240.35 miColdharbour, Bideford, Devon2
£72510/240.39 mi-2
£2,50011/240.4 mi-2
£2,50002/250.4 mi-2
£85004/240.42 miRiverside Court, Bideford, Devon2
£69512/230.44 mi-2
£75012/240.44 mi-2
£75001/250.45 mi-2
£85001/250.53 mi-2
£85005/240.53 mi-2
£85005/240.53 mi-2
£80004/240.53 miBrigade House, Bideford, EX392
£85004/240.53 miBrigade House, Bideford, EX392
£87503/250.54 mi-2
£72505/240.55 miSilver Street, Bideford, EX392
£70010/230.55 mi-2
£72510/230.55 mi-2
£64003/240.57 miMeddon Street, Bideford, Devon2
£75004/240.58 miGeneva Place, Bideford2
£69504/240.59 miPannier Mews, Bideford, Devon2

Local Area Statistics

Population in EX39

37,175

Town centre distance

0.65 miles away

Nearest school

0.30 miles away

Nearest train station

7.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £135,000

February 5, 2025

Floor Plans

Description

  • House For Improvement +
  • 2 Reception Rooms +
  • 2 Bedrooms (potential for 3) +
  • Some PVC Double Glazing +
  • Gardens to front and rear. +
  • Unrestricted On Road Parking to Front +
  • Level Walk to Nearby Amenities +
  • Popular Residential Area. +
  • For Sale By Auction (unless sold prior) +

For sale by public auction on the 28th March 2025 (unless sold prior) is this period 2 bedroomed and 2 reception roomed terraced house (with potential to provide 3 bedrooms subject to planning permission) with front and rear gardens, in need of complete modernisation and improvement. A RARE OPPORTUNITY!!!

Phillips Smith and Dunn Estate Agents are delighted to be able to offer to the market for sale by auction (unless sold prior) on Friday 28th March 2025 at 3pm at Portmore Golf Park, Landkey, Barnstaple EX32 9LB this mid terraced 2 storey 2 bedroomed and 2 reception roomed period house which has the ability to provide 3 bedrooms (subject to planning permission), and which is in need of extensive renovation and refurbishment. The house benefits from some PVC double glazing, and once remodelled and refurbished, would provide the ability to become a delightful family residence! This type of property is a rarity in the market, and your early inspection is advised to avoid disappointment!!
PRICE GUIDE: The price guide is an indication of the sellers minimum expectation. This is not necessarily the figure at which the property will sell, and may change at any time prior to the auction.
RESERVE: The property will be offered subject to a reserve (the figure below which the auctioneer cannot sell during the auction). This figure is confidential but will be set within the guide range of no more than 10% above the auction guide. The auctioneer reserves the right to bid on behalf of the vendors, or withdraw the property from auction in the event of it not reaching this reserve figure.
BUYERS ADMINISTRATION FEE: In addition to the normal deposit to buy, the successful bidder will also be required to pay a Buyers Administration Fee of £750 + VAT. This is to be paid by separate cheque.
MONEY LAUNDERING: The successful bidder must produce documentation to confirm their name and residential address, and if you are the successful bidder, copies will be taken for our refernce and kept on file.
SPECIAL CONDITIONS OF SALE: The particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale, but in the case of any inconsistencies the provisions of the latter shall prevail. If not attached to these sale particulars, copies of the Special Conditions of Sale shall be obtained from the vendors solicitors or the auctioneers.
Purchasers must make their own enquiries prior to the auction
LOCAL AUTHORITY; Torridge District Council, Riverbank House, Bideford, EX39 2QG .
SOLICITOR: Slee Blackwell Alexandra House The Quay Bideford EX39 2QG FAO Liam Harris

Entrance Porch And Hall -

Sitting Room - 3.45m + bay window x 3.12m (11'4" + bay window x 1 -

Dining Room - 3.58m x 3.25m (11'9" x 10'8") -

Kitchen - 3.00m x 2.64m maximum (9'10 x 8'8" maximum) -

Utility - 1.63m x 1.52m (5'4" x 5') -

First Floor Landing -

Bedroom 1 - 4.22m x 3.45m (13'10" x 11'4") -

Bedroom 2 - 3.10m x 2.44m (10'2" x 8') -

Bathroom - 3.00m x 2.62m (9'10 x 8'7") -

Briefly the accommodation comprises of to the ground floor an entrance porch and hall, sitting room with a bay window, dining room, kitchen, and a utility room. To the first floor is a landing, 2 bedrooms (the front bedroom having the potential to split into 2 rooms, subject to planning permission), and a large bathroom.

Externally, to the front of the house is a garden area, along with unrestricted on road parking. To the rear is an enclosed garden area, with a former external WC, and rear pedestrian access.

Bideford is a popular town and a working port, located on the banks of the River Torridge, and has a good selection of amenities including a range of shops, schooling for all ages, and leisure amenities. The Tarka Trail, a popular walking and cycling route passes through the town, and provides stunning views of the river and countryside. The A39/Atlantic Highway provides easy access to Barnstaple, North Devon's Regional Centre, housing the areas main shopping, business and commercial venues

Agent Details

Phillips, Smith & Dunn, Bideford

01237 871383

Next Steps?

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