2 Bed Bungalow, Refurb/BRRR, Bideford, EX39 1ST, £295,000

11 BROADLANDS, NORTHAM, BIDEFORD, EX39 1ST - 4 views - 2 months ago

Sold STC
Refurb/BRRR
86 m²
+20 photos

ValuationFair Value

Sold Prices£142.5K - £427.5K
Sold Prices/m²£2.6K/m² - £5.1K/m²

 

 

Square Metres

86 m²
Price/m²£3.4K/m²

Value Estimate

£295,000

 

 

End Value (After Refurb)

£270,398

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£12,300

Refurb Costs

£34,864

Bridging Loan Interest

£7,744

Total Cash In

£130,408

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£270,398

Mortgage (After Refinance)

£202,798

Mortgage LTV

75%

Cash Left In

£130,408

Equity

£67,599

Rent Range

£640 - £1,100

Rent Estimate

£817

Running Costs/mo

£1,028

Cashflow/mo

£-211

Cashflow/yr

£-2,537

Gross Yield

3%

Local Sold Prices

48 sold prices from £142.5K to £427.5K, average is £228.5K. £2.6K/m² to £5.1K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£230K06/210.05 mi7, West Moor Way, Northam, Bideford, Devon EX39 1SP2
£310K12/210.07 mi12, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£205K11/200.07 mi9, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£205K11/200.07 mi9, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£230K05/210.07 mi6, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£212K02/210.16 mi1, Windsor Road, Northam, Bideford, Devon EX39 1EN2
£385K12/220.17 mi15, The Links, Northam, Bideford, Devon EX39 1LS2
£246K04/230.32 mi8, Commodore Close, Westward Ho, Bideford, Devon EX39 1UR2
£227K12/220.32 mi3, Lily Close, Northam, Bideford, Devon EX39 1EH2
£250K02/230.33 mi22, Britannia Way, Westward Ho, Bideford, Devon EX39 1UP2
£222K07/230.33 mi5, Oakfield Terrace, Northam, Bideford, Devon EX39 1DS2
£179K04/210.34 mi9, Ensign Court, Westward Ho, Bideford, Devon EX39 1UN2
£147.5K03/210.35 mi4, Causeway Close, Northam, Bideford, Devon EX39 1SN2
£142.5K04/210.41 mi15, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£160K06/230.41 mi23, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£145K10/200.41 mi18, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£150K09/210.41 mi13, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£180K07/210.41 mi16, Kimberley Park, Northam, Bideford, Devon EX39 1GG2
£316K09/210.42 mi4, Highfield, Northam, Bideford, Devon EX39 1BB2
£235K12/200.42 mi56, J H Taylor Drive, Northam, Bideford, Devon EX39 1TU2
£230K01/210.42 mi54, J H Taylor Drive, Northam, Bideford, Devon EX39 1TU2
£215K11/220.42 miLaurel Cottage, 3a, North Street, Northam, Bideford, Devon EX39 1DH2
£170K03/210.42 mi53, Kimberley Park, Northam, Bideford, Devon EX39 1GQ2
£215K03/230.43 mi3a, Cross Street, Northam, Bideford, Devon EX39 1BS2
£200K01/210.43 mi21, Cross Street, Northam, Bideford, Devon EX39 1BS2
£340K03/210.45 mi17, Lundy View, Northam, Bideford, Devon EX39 1BE2
£220K10/200.45 mi28, Shoreland Way, Westward Ho, Bideford, Devon EX39 1UD2
£285K05/210.45 mi7, Daneshay, Northam, Bideford, Devon EX39 1DG2
£166K11/210.46 mi485, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£197K07/230.46 mi551, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£185K03/230.46 mi527, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£175K03/230.46 mi498, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£165K07/210.46 mi543, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£170K01/210.47 mi44, Cross Street, Northam, Bideford, Devon EX39 1BX2
£361K12/220.49 mi23, Bay View Road, Northam, Bideford, Devon EX39 1AY2
£180K01/210.51 mi26, Castle Street, Northam, Bideford, Devon EX39 1AT2
£334K02/210.53 mi2, Fairlea Crescent, Northam, Bideford, Devon EX39 1BD2
£427.5K11/210.59 mi15, Green Gardens, Northam, Bideford, Devon EX39 3QG2
£305K03/210.62 mi15, Wren Close, Northam, Bideford, Devon EX39 1UU2
£232K10/200.62 mi19, Wren Close, Northam, Bideford, Devon EX39 1UU2
£245K04/210.66 mi43, Swanswood Gardens, Westward Ho, Bideford, Devon EX39 1HP2
£290K03/230.66 mi23, Swanswood Gardens, Westward Ho, Bideford, Devon EX39 1HP2
£317.5K05/210.66 miOldfield, Golf Links Road, Westward Ho, Bideford, Devon EX39 1HH2
£240K02/230.74 mi25, King Alfred Crescent, Northam, Bideford, Devon EX39 1UE2
£315K04/230.89 miLittle Melville, Heywood Road, Northam, Bideford, Devon EX39 3QB2
£281K08/230.97 mi29, Staddon Road, Appledore, Bideford, Devon EX39 1RF2
£252K10/200.98 mi31, Staddon Road, Appledore, Bideford, Devon EX39 1RF2
£362.5K06/210.98 mi41, Staddon Road, Appledore, Bideford, Devon EX39 1RF2

Local Rents

19 rents from £640/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£77510/230.37 mi-2
£64004/240.39 miKala Fair, Westward Ho2
£95003/240.41 mi-2
£95006/240.41 mi-2
£80005/240.41 miNorth Street, Bideford, Devon2
£85004/240.42 miKimberley Park, Bideford, Devon2
£82504/240.42 miFore Street, Bideford, Devon2
£85005/240.46 mi-2
£85004/240.46 miRidgeway Court, Westward Ho, EX392
£1,10004/240.63 miGolf Links Road, Westward Ho, Bideford2
£75005/240.65 miCarnegie North, Clevelands Park, Northam, Bideford, EX392
£75005/240.65 miCarnegie North, Clevelands Park, Northam, Bideford, EX392
£85010/240.95 mi-2
£65010/230.97 mi-2
£75504/240.97 mi-2
£72509/240.97 mi-2
£71504/250.97 mi-2
£75004/241.21 miMyra Court, Irsha Street, Appledore2
£81505/241.23 miThe Quay, Appledore, Bideford2

Local Area Statistics

Population in EX39

37,175

Town centre distance

2.15 miles away

Nearest school

0.10 miles away

Nearest train station

7.01 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £295,000

February 13, 2025

Floor Plans

Description

Detached two bed bungalow being well presented and sitting in a generous corner plot with a private rear garden, but in need of some general updating. Occupies a quiet cul de sac location on the edge of Northam village which offers a good range of facilities & amenities. Available with no onward chain.

Being part of the popular Burrows Park development within half mile of Northam village square with its selection of local shops and stores, Churches, Medical Centre, Dental Surgery, Library and indoor heated Swimming Pool and gym.

The village Junior and Infants Schools are close by as is the Northam Burrows Country Park which is the home of the Royal North Devon Golf Club and allows access to the Pebble Ridge and long sandy beach stretching for well over 1 mile from the nearby seaside resort of Westward Ho!

SERVICES: All mains connected. Gas central heating. uPVC double glazed windows.

TENURE: Freehold.

COUNCIL TAX BAND: C.

DIRECTIONS: From Bideford proceed to Northam village passing through the Torridge Bridge roundabout turning down into the centre opposite the War Memorial, upon reaching the Square continue straight past the Post Office into Sandymere Road which veers around to the left. Continue for approx. 300 metres taking the turning right into the Appledore Road and then first right into the Burrows Park development. Follow the road to the right and following the sign to Broadlands where the bungalow will be found on your right handside.

ACCOMMODATION (all measurements are approximate):

Covered entrance with uPVC double glazed door into:

ENTRANCE HALL: Radiator, fitted carpet plus shelved airing cupboard housing hot water tank. Hatch to loft.

KITCHEN: 4.93m x 2.65m. Work surface incorporating single drainer stainless steel sink unit, cooker and tiled splash back. Cupboards, drawers and matching wall units. Radiator & vinyl flooring. Wall mounted Vaillant gas boiler and uPVC door into the rear garden.

LIVING ROOM: 4.93m x 3.32m. Coal effect gas fire, radiator and fitted carpet. uPVC French doors into the rear garden.

BEDROOM 1: 3.55m x 3.26m (max). Radiator and fitted carpet.

BEDROOM 2: 2.84m x 2.69m (max). Radiator, fitted carpet and built in wardrobes.

SHOWER ROOM: shower cubicle with electric shower, low level WC, wash basin and fully tiled walls. Vinyl flooring. Shower point and radiator.

OUTSIDE: The property is positioned on an attractive corner plot with level lawn and mature shrubs and Palm trees. There is a driveway and GARAGE: 4.71m x 2.69m having a roller door, power and light. A pedestrian door and side gate lead into a fully enclosed rear garden with patio area, level lawn plus high hedge borders. Green house.

Agent Details

Brights, Bideford

01237 870486

Next Steps?

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