2 Bed Bungalow, Refurb/BRRR, Warrington, WA4 6BL, £265,000

Gainsborough Road WA4 6BL - 1 views - a month ago

Refurb/BRRR

~68 m²

+12 photos

ValuationOvervalued

Sold Prices	£100K - £300K
Sold Prices/m²	£1.2K/m² - £4.1K/m²

Square Metres	~68.11 m²
Price/m²	£3.9K/m²
Value Estimate	£153,000£153,000

End Value (After Refurb)	£240,000£240,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£66,250£66,250
Stamp Duty & Legal Fees	£9,900£9,900
Refurb Costs	£28,856£28,856
Bridging Loan Interest	£6,956£6,956
Total Cash In	£113,712£113,712

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£240,000£240,000
Mortgage (After Refinance)	£180,000£180,000
Mortgage LTV	75%75%
Cash Left In	£113,712£113,712
Equity	£60,000£60,000
Rent Range	£550 - £1,500£550 - £1,500
Rent Estimate	£949
Running Costs/mo	£960£960
Cashflow/mo	£-11£-11
Cashflow/yr	£-130£-130
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £100K to £300K, average is £200K. £1.2K/m² to £4.1K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£151K	04/21	0.1 mi	359, Wilderspool Causeway, Warrington WA4 6RU	-	-	2	Semi-Detached House
£202K	08/21	0.1 mi	361, Wilderspool Causeway, Warrington WA4 6RU	-	-	2	Semi-Detached House
£235K	11/21	0.25 mi	1, Wordsworth Avenue, Warrington WA4 6AN	£3,917	60	2	Semi-Detached House
£244K	10/23	0.25 mi	18, Wordsworth Avenue, Warrington WA4 6AN	£3,813	64	2	Semi-Detached House
£200K	09/21	0.26 mi	10, Burgess Avenue, Warrington WA4 6QZ	£2,920	69	2	Semi-Detached House
£200K	05/21	0.26 mi	22, Copeland Road, Warrington WA4 6DF	£3,279	61	2	Semi-Detached House
£185K	12/22	0.26 mi	23, Wordsworth Avenue, Warrington WA4 6AN	-	-	2	Semi-Detached House
£156K	03/21	0.26 mi	116, Greenalls Avenue, Warrington WA4 6RJ	£1,950	80	2	Terraced House
£180K	01/21	0.26 mi	17, Astley Close, Warrington WA4 6RB	£3,462	52	2	Semi-Detached House
£250K	10/23	0.28 mi	45, Gainsborough Road, Warrington WA4 6BP	£4,098	61	2	Semi-Detached House
£200K	06/23	0.28 mi	26, Copeland Road, Warrington WA4 6DF	-	-	2	Semi-Detached House
£230K	11/20	0.34 mi	3, Gaskell Street, Stockton Heath, Warrington WA4 2UN	£3,239	71	2	Terraced House
£220K	01/21	0.36 mi	16, Roman Road, Stockton Heath, Warrington WA4 6DX	£2,895	76	2	Terraced House
£220K	01/21	0.36 mi	16, Roman Road, Stockton Heath, Warrington WA4 6DX	£2,895	76	2	Terraced House
£210K	11/20	0.36 mi	15, Roman Road, Stockton Heath, Warrington WA4 6DX	£2,360	89	2	Terraced House
£220K	01/21	0.36 mi	16, Roman Road, Stockton Heath, Warrington WA4 6DX	£2,895	76	2	Terraced House
£268K	03/24	0.36 mi	14, Egerton Street, Stockton Heath, Warrington WA4 6DT	£3,350	80	2	Terraced House
£227.5K	05/21	0.36 mi	36, Egerton Street, Stockton Heath, Warrington WA4 6DT	£2,880	79	2	Terraced House
£170K	04/24	0.36 mi	22, Egerton Street, Stockton Heath, Warrington WA4 6DT	£1,993	85	2	Terraced House
£300K	05/24	0.36 mi	36, Egerton Street, Stockton Heath, Warrington WA4 6DT	£3,797	79	2	Terraced House
£137.3K	12/23	0.36 mi	10, Priory Street, Warrington WA4 6PZ	£1,330	103	2	Terraced House
£163.5K	02/24	0.37 mi	30, Manx Road, Warrington WA4 6AJ	£2,477	66	2	Bungalow
£182K	11/20	0.37 mi	38, Manx Road, Warrington WA4 6AJ	£2,141	85	2	Semi-Detached House
£207.5K	12/20	0.38 mi	30, Leonard Street, Stockton Heath, Warrington WA4 2UP	-	-	2	Terraced House
£185K	08/21	0.38 mi	16, Leonard Street, Stockton Heath, Warrington WA4 2UP	£3,491	53	2	Terraced House
£200K	11/20	0.38 mi	17, Leonard Street, Stockton Heath, Warrington WA4 2UP	£2,974	67	2	Terraced House
£154.5K	06/23	0.39 mi	98, St Marys Street, Latchford, Warrington WA4 1BH	-	-	2	Terraced House
£244K	04/21	0.39 mi	16, London Road, Stockton Heath, Warrington WA4 6HN	-	-	2	Terraced House
£280K	07/23	0.4 mi	14, Gibson Street, Stockton Heath, Warrington WA4 2UQ	£3,351	84	2	Terraced House
£242.3K	02/21	0.4 mi	26, Gaskell Street, Stockton Heath, Warrington WA4 2UN	£2,991	81	2	Terraced House
£226K	11/20	0.4 mi	69, Gaskell Street, Stockton Heath, Warrington WA4 2UN	£2,723	83	2	Terraced House
£228K	05/21	0.4 mi	16, Gaskell Street, Stockton Heath, Warrington WA4 2UN	£2,234	102	2	Terraced House
£234K	02/21	0.4 mi	32, Gaskell Street, Stockton Heath, Warrington WA4 2UN	£2,753	85	2	Terraced House
£250K	07/23	0.4 mi	55, Gaskell Street, Stockton Heath, Warrington WA4 2UN	-	-	2	Terraced House
£272K	01/23	0.4 mi	29, Pike Street, Stockton Heath, Warrington WA4 2UJ	£3,406	80	2	Terraced House
£137K	11/23	0.41 mi	37, Marbury Street, Warrington WA4 1BW	£1,851	74	2	Terraced House
£126K	11/20	0.41 mi	40, Marbury Street, Latchford, Warrington WA4 1BW	£1,881	67	2	Terraced House
£126K	05/21	0.43 mi	17, Oldham Street, Latchford, Warrington WA4 1ES	£1,750	72	2	Terraced House
£100K	07/23	0.43 mi	7, Hughes Street, Latchford, Warrington WA4 1BQ	-	-	2	Terraced House
£190K	11/20	0.44 mi	32, Gainsborough Road, Warrington WA4 6BZ	£3,167	60	2	Semi-Detached House
£183.5K	04/21	0.44 mi	14, Gainsborough Road, Warrington WA4 6BZ	-	-	2	Semi-Detached House
£120.5K	10/21	0.44 mi	46, Oldham Street, Latchford, Warrington WA4 1ER	£1,944	62	2	Terraced House
£293K	12/22	0.44 mi	75, Gaskell Street, Stockton Heath, Warrington WA4 2UN	£2,931	100	2	Terraced House
£280K	04/23	0.44 mi	3, Ellison Street, Stockton Heath, Warrington WA4 2UL	-	-	2	Terraced House
£145K	01/23	0.44 mi	58, Oldham Street, Latchford, Warrington WA4 1ER	-	-	2	Terraced House
£137.5K	03/23	0.45 mi	46, Oldham Street, Latchford, Warrington WA4 1ER	£2,218	62	2	Terraced House
£142K	07/23	0.45 mi	102, Oldham Street, Latchford, Warrington WA4 1EX	£1,972	72	2	Terraced House
£126K	09/23	0.46 mi	33, Cumberland Street, Latchford, Warrington WA4 1HB	£2,337	54	2	Terraced House
£108K	09/23	0.46 mi	20, Cumberland Street, Latchford, Warrington WA4 1HB	£1,800	60	2	Terraced House
£125K	11/20	0.47 mi	14, Canterbury Street, Latchford, Warrington WA4 1BU	£1,202	104	2	Terraced House

Local Rents

29 rents from £550/mo to £1.5K/mo, average is £900/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	12/24	0.06 mi	-	2	Flat
£825	10/24	0.08 mi	Priestly Court	2	Flat
£895	10/24	0.1 mi	Parkgate Court, Wilderspool Causeway, Warrington	2	Flat
£800	10/24	0.15 mi	Egremont Court, Wilderspool Causeway, Warrington, Cheshire, WA4	2	Flat
£800	10/24	0.15 mi	Egremont Court, Wilderspool Causeway, Warrington, WA4	2	Flat
£950	10/24	0.23 mi	Irwell Road, Warrington	2	Flat
£1,100	10/24	0.26 mi	Wordsworth Avenue, Warrington, Cheshire, WA4	2	Flat
£1,100	10/24	0.26 mi	Greenalls Avenue, Warrington	2	Terraced House
£1,150	10/24	0.35 mi	Manx Road, Warrington	2	Flat
£1,100	10/24	0.37 mi	Egerton Street, Stockton Heath, Warrington	2	Terraced House
£890	10/24	0.38 mi	Leonard Street,Stockton Heath,Warrington,WA4	2	Terraced House
£850	10/24	0.38 mi	London Road, Stockton Heath, Warrington, Cheshire, WA4	2	Flat
£950	10/24	0.4 mi	Pike Street, Stockton Heath	2	Flat
£550	02/25	0.43 mi	-	2	Terraced House
£1,000	10/24	0.44 mi	Ellison Street, Stockton Heath, Warrington, WA4 2UL	2	Terraced House
£1,050	10/24	0.44 mi	Lulworth Place, Warrington, WA4 6FG	2	Flat
£1,100	02/25	0.45 mi	-	2	Terraced House
£875	10/24	0.47 mi	Emperor Court, Walton Locks, Warrington	2	Flat
£1,000	10/24	0.47 mi	Emperor Court, Warrington, WA4 6FH	2	Flat
£900	10/24	0.47 mi	Bevan Court, Dunlop Street, Latchford	2	Flat
£750	10/24	0.48 mi	Cumberland Street, Warrington, Cheshire, WA4	2	Terraced House
£750	10/24	0.5 mi	Oxford Street, Warrington	2	Terraced House
£750	12/23	0.51 mi	-	2	Terraced House
£825	10/24	0.52 mi	Knutsford Road,Latchford,Warrington,WA4	2	Terraced House
£950	10/24	0.53 mi	Imperial Court, Walton Locks, Warrington, WA4	2	Flat
£1,100	10/24	0.57 mi	Bridgewater Mews Stockton Heath WA4 6LF	2	Flat
£850	10/24	0.58 mi	Knutsford Road, Warrington, Cheshire, WA4	2	Flat
£1,300	10/24	0.58 mi	The Chapel, Chapel Lane, Stockton Heath, Warrington	2	Flat
£865	10/24	0.62 mi	Rivers Edge, Warrington, WA1	2	Flat

Local Area Statistics

Population in WA4	46,99746,997
Population in Warrington	215,344215,344
Town centre distance	1.99 miles away1.99 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.94 miles away0.94 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+28%+28%

Property History

Listed for £265,000

February 14, 2025

Floor Plans

Description

2 Bedroom True Bungalow +
Detached Garage +
Substantial Sized Plot +
Favourable Position +
Potential For Modernisation +
Conservatory +
Early Viewing Advised +
No Chain Delay +

A spacious true bungalow occupying a favourable position on Gainsborough Road and offering an excellent opportunity for modernisation. Features briefly include; entrance hall, lounge, kitchen diner, conservatory, two good size bedrooms and a spacious bathroom. Outside there are substantial gardens to three sides, driveway parking & detached garage. Early Viewing Essential. No Chain Delay With This Sale. Viewing By prior appointment through our Stockton Heath office on 01925-398343.

Note All measurements are approximate. No appliances or central heating systems referred to within these particulars have been tested and therefore their working order cannot be verified. Floor plans are for guide purposes only and all dimensions are approximate and are not to be used for room and furniture planning.

Agents Notes Tenure: Freehold

Council Tax Band: C

Local Authority: Warrington Borough Council.

EPC Rating: D

Agent Details

Adams Estate Agents, Stockton Heath

01925 361697

Next Steps?

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