3 Bed Terraced House, Refurb/BRRR, Barnstaple, EX32 7AB, £250,000

Yeo Vale Road, Barnstaple, Devon, EX32 7AB - 1 views - 3 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£136K - £325K
Sold Prices/m²£1.2K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£209,607

 

 

End Value (After Refurb)

£238,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£38,000

Bridging Loan Interest

£6,563

Total Cash In

£118,313

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£238,500

Mortgage (After Refinance)

£178,875

Mortgage LTV

75%

Cash Left In

£118,313

Equity

£59,625

Rent Range

£730 - £2,500

Rent Estimate

£1,295

Running Costs/mo

£1,024

Cashflow/mo

£271

Cashflow/yr

£3,248

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £136K to £325K, average is £206.5K. £1.2K/m² to £3.4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£215K01/210.01 mi18, Yeo Vale Road, Barnstaple, Devon EX32 7AB3
£325K05/230.02 mi8, Haldene Terrace, Barnstaple, Devon EX32 7AQ3
£260K03/230.06 mi3, Granville Avenue, Barnstaple, Devon EX32 7AH3
£202K05/210.06 mi14, Granville Avenue, Barnstaple, Devon EX32 7AH3
£215K06/210.07 mi14, Coronation Street, Barnstaple, Devon EX32 7AY3
£190K01/210.07 mi4, Margrove Terrace, Barnstaple, Devon EX32 7AD3
£180K03/210.09 mi31, Coronation Street, Barnstaple, Devon EX32 7AZ3
£230K06/210.1 mi12, Warwick Terrace, Barnstaple, Devon EX32 7AR3
£203K12/200.12 mi16, King Edward Street, Barnstaple, Devon EX32 7BE3
£200K07/210.12 mi22, King Edward Street, Barnstaple, Devon EX32 7BE3
£248K10/210.14 mi3, St Georges Terrace, Barnstaple, Devon EX32 7AP3
£200K04/210.14 mi25, Carlyle Avenue, Barnstaple, Devon EX32 7AL3
£220K11/200.14 mi3, Carlyle Avenue, Barnstaple, Devon EX32 7AL3
£195K09/210.18 mi41, Carrington Terrace, Barnstaple, Devon EX32 7AF3
£241K07/230.18 mi44, Carrington Terrace, Barnstaple, Devon EX32 7AF3
£283K02/230.18 mi43, Carrington Terrace, Barnstaple, Devon EX32 7AF3
£182.5K05/210.19 mi16, Vicarage Lawn, Barnstaple, Devon EX32 7BW3
£170K01/210.2 mi5, Wimborne Terrace, Barnstaple, Devon EX32 7AN3
£228K09/210.22 mi22, Rolle Street, Barnstaple, Devon EX31 1JN3
£195K03/210.22 mi5, Rolle Street, Barnstaple, Devon EX31 1JN3
£210K08/210.22 mi27, Fair View, Barnstaple, Devon EX31 1JS3
£170K03/230.22 mi48, Fair View, Barnstaple, Devon EX31 1JS3
£136K12/200.26 mi10, Lower Gaydon Street, Barnstaple, Devon EX32 7DW3
£150K01/210.26 mi20, Fair View, Barnstaple, Devon EX31 1JR3
£202K02/210.27 mi9, Richmond Street, Barnstaple, Devon EX32 7DP3
£180K07/210.27 mi15, Richmond Street, Barnstaple, Devon EX32 7DP3
£164.5K12/200.27 mi2, Richmond Street, Barnstaple, Devon EX32 7DP3
£187.5K08/210.27 mi16, Richmond Street, Barnstaple, Devon EX32 7DP3
£180K02/210.28 mi9, Grosvenor Street, Barnstaple, Devon EX32 7DT3
£250K05/230.28 mi30, St Marys Road, Barnstaple, Devon EX32 7EY3
£235K01/230.28 mi37, St Marys Road, Barnstaple, Devon EX32 7EY3
£160K11/220.29 mi65, The Rock, Barnstaple, Devon EX31 1PN3
£281K10/220.29 mi35, Greenmeadow Drive, Barnstaple, Devon EX31 4HT3
£221K11/220.31 mi53, Bicton Street, Barnstaple, Devon EX32 7EA3
£282K10/220.31 mi7, Priory Close, Barnstaple, Devon EX31 1QX3
£193.3K01/210.33 mi27, Pottington Road, Barnstaple, Devon EX31 1JH3
£165K12/200.33 mi11, Pottington Road, Barnstaple, Devon EX31 1JH3
£235K09/210.33 mi36a, Bicton Street, Barnstaple, Devon EX32 7EA3
£200.1K02/210.34 mi26, Pottington Road, Barnstaple, Devon EX31 1JH3
£300K03/210.34 mi15, Ladywell, Barnstaple, Devon EX31 1QT3
£148K07/230.34 mi37, Sunflower Road, Barnstaple, Devon EX32 7DU3
£195K11/220.34 mi31, Sunflower Road, Barnstaple, Devon EX32 7DU3
£271.1K09/210.34 mi29, Nursery End, Barnstaple, Devon EX31 1RA3
£266K07/230.34 mi24, Nursery End, Barnstaple, Devon EX31 1RA3
£215K02/210.35 mi5, Abbey Road, Barnstaple, Devon EX31 1QY3
£288K04/230.35 mi27, Abbey Road, Barnstaple, Devon EX31 1QY3
£230K04/230.36 mi10, Priory Gardens, Barnstaple, Devon EX31 1PT3
£210K07/210.37 mi27, Charles Dart Crescent, Barnstaple, Devon EX32 7EB3
£180K06/230.4 mi15, Belmont Road, Barnstaple, Devon EX32 7HF3
£217K03/230.4 mi8, Belmont Road, Barnstaple, Devon EX32 7HF3

Local Rents

12 rents from £730/mo to £2.5K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£95004/240.06 miGranville Avenue, Barnstaple, Devon, EX323
£78505/240.27 mi-3
£78505/240.27 mi-3
£2,50001/250.28 mi-3
£2,50002/250.28 mi-3
£1,50002/250.28 mi-3
£1,20009/240.28 mi-3
£73005/240.34 miBoutport Street, Barnstaple, Devon3
£1,00010/240.38 mi-3
£92503/240.64 miMartin Road, Barnstaple, Devon, EX323
£1,35005/240.93 miWestfield Avenue, Barnstaple, Devon3
£80011/241 mi-3

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Price changed to £250,000

April 1, 2025

Listed for £260,000

February 11, 2025

Floor Plans

Description

  • THREE DOUBLE BEDROOM TERRACED HOUSE +
  • MODERNISATION REQUIRED +
  • GAS FIRED CENTRAL HEATING +
  • LEVEL WALK TO TOWN +
  • DOUBLE GLAZING +
  • GARAGE TO THE REAR +
  • 2 BATHROOMS +
  • NO CHAIN +

This 3-bedroom terraced property presents a fantastic opportunity for those looking to create their ideal home with some updating and modernisation. Situated just a short, level walk from the town centre, this property enjoys a prime position with an abundance of nearby amenities, including shops, schools, and public transport links. Available with no onward chain.

The ground floor accommodation comprises of a spacious lounge that features a large bay window, filling the room with natural light. Adjacent is the well-sized dining room, offering ample space for family meals or social gatherings. At the rear of the dining room is a sun room that opens out to the garden area, creating a tranquil spot to enjoy the outdoors year-round. The kitchen, which, while in need of some updating, offers great potential. Off the kitchen is an inner lobby that leads through to a 3-piece suite bathroom, providing essential amenities on the ground floor for convenience.

Moving upstairs, the property boasts two large double bedrooms and a further double room. There is also a 3-piece suite shower room.

One of the standout features of this property is the large rear garage, which benefits from vehicular access, providing secure off-road parking and additional storage space. This is a rare and highly sought-after asset in this area. While the property does require some updating throughout, it is brimming with potential to become a lovely home in a fantastic location.
From Barnstaple town centre take the A39 as if heading for Lynton. At Pilton Causeway, turn right into Yeo Vale Road and follow the road for a short distance and No. 8 will be found on the right hand side displaying a Webbers for sale board.

Agent Details

Webbers Property Services, Barnstaple

01271 443477

Next Steps?

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