5 Bed Detached House, Refurb/BRRR, SY7 0NJ, £330,000

Adforton, Leintwardine, Craven Arms, Shropshire, SY7 0NJ - 2 views - 2 months ago

Sold STC

Refurb/BRRR

Planning

~178 m²

+14 photos

ValuationFair Value

Sold Prices	£304K - £820K
Sold Prices/m²	£2.2K/m² - £3.5K/m²

Square Metres	~178.28 m²
Price/m²	£1.9K/m²
Value Estimate	£330,000£330,000

End Value (After Refurb)	£479,562£479,562
Uplift in Value	+45%+45%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£82,500£82,500
Stamp Duty & Legal Fees	£15,100£15,100
Refurb Costs	£72,080£72,080
Bridging Loan Interest	£8,663£8,663
Total Cash In	£180,092£180,092

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£479,562£479,562
Agent Fees (1%)	£4,796£4,796
Bridging Loan	£247,500£247,500
Bridging Loan Interest	£8,663£8,663
Flip Profit	£47,174£47,174

Local Sold Prices

4 sold prices from £304K to £820K, average is £464K. £2.2K/m² to £3.5K/m², average is £3.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£304K	07/23	0.54 mi	6, Orchard Close, Adforton, Craven Arms, Herefordshire SY7 0NH	£3,494	87	4	Semi-Detached House
£518K	03/21	1.36 mi	Mansefield, High Street, Leintwardine, Craven Arms, Herefordshire SY7 0LB	£3,386	153	4	Terraced House
£820K	01/23	2.35 mi	7, Bury Court Park, Wigmore, Leominster, Herefordshire HR6 9US	-	-	4	Detached House
£410K	04/21	2.81 mi	5, Sitwell Close, Bucknell, Shropshire SY7 0DD	£2,181	188	4	Detached House

Local Rents

3 rents from £775/mo to £1.2K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	02/25	0.84 mi	-	3	Bungalow
£775	11/24	2.32 mi	-	2	Semi-Detached House
£1,100	09/24	2.4 mi	Burrington, Shropshire	3	Detached House

Local Area Statistics

Population in SY7	11,16011,160
Nearest school	1.60 miles away1.60 miles away
Nearest train station	2.84 miles away2.84 miles away

Rental growth (12m)	+16%+16%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+35%+35%

Property History

Listed for £330,000

February 5, 2025

Floor Plans

Description

Set on a generous plot of just under three quarters of an acre this double fronted detached character five bedroom home. In need of total renovation. A fantastic opportunity with potential for further development subject to the necessary planning permissions. Council Tax Band E.

Agent Details

McCartneys LLP, Ludlow

01584 708413

Next Steps?

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