3 Bed Bungalow, Refurb/BRRR, SY7 0LA £300,000

Mill Lane, Leintwardine, Craven Arms, Herefordshire, SY7 0LA - 1 views - 9 months ago
Sold STC
Refurb/BRRR
~93 m²
Property image

ValuationOvervalued

Sold Prices£105K - £590K
Sold Prices/m²£1K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£262,611

 

 

End Value (After Refurb)

£295,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£40,400

Bridging Loan Interest

£7,875

Total Cash In

£146,225

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£295,000

Mortgage (After Refinance)

£221,250

Mortgage LTV

75%

Cash Left In

£146,225

Equity

£73,750

Rent Range

£600 - £1,600

Rent Estimate

£1,066

Running Costs/mo

£1,155

Cashflow/mo

£-89

Cashflow/yr

£-1,069

Gross Yield

4%

Local Sold Prices

37 sold prices from £105K to £590K, average is £240K. £1K/m² to £4K/m², average is £2.8K/m².

Price
Date
Distance
Address
Beds
 
£120K11/240.16 mi9, Watling Street, Leintwardine, Craven Arms, Herefordshire SY7 0LW3
£292K01/220.16 mi6, Watling Street, Leintwardine, Craven Arms, Herefordshire SY7 0LW3
£250K10/240.18 mi35, Watling Street, Craven Arms SY7 0LW3
£250K10/240.18 mi35, Watling Street, Craven Arms SY7 0LW3
£207.5K12/230.22 mi4, Rosemary, Leintwardine, Craven Arms, Herefordshire SY7 0LR3
£237K07/230.22 mi25, Rosemary, Leintwardine, Craven Arms, Herefordshire SY7 0LR3
£207.5K12/230.23 mi4, Rosemary, Craven Arms SY7 0LR3
£192K06/220.23 mi32, Rosemary, Leintwardine, Craven Arms, Herefordshire SY7 0LR3
£400K08/240.23 miRosemary House, Rosemary Lane, Craven Arms SY7 0LP3
£237K07/230.24 mi25, Rosemary, Craven Arms SY7 0LR3
£112.5K10/220.27 mi1, Middle Wardens, Leintwardine, Craven Arms, Herefordshire SY7 0NW3
£228.5K10/230.33 mi15, The Criftins, Leintwardine, Craven Arms, Herefordshire SY7 0NN3
£275K03/230.33 mi1, The Criftins, Leintwardine, Craven Arms, Herefordshire SY7 0NN3
£275K08/240.4 mi2, Kinton View, Dark Lane, Leintwardine SY7 0LJ3
£275K08/240.4 miKinton View, 2, Dark Lane, Leintwardine SY7 0LJ3
£385K12/232.32 miWarren Cottage, Bedstone SY7 0BE3
£272.5K07/232.74 mi24, Redlake Meadow, Bucknell, Shropshire SY7 0AY3
£230K04/232.74 mi12, Redlake Meadow, Bucknell, Shropshire SY7 0AY3
£237.5K07/232.74 mi7, Redlake Meadow, Bucknell, Shropshire SY7 0AY3
£252K01/242.74 mi15, Redlake Meadow, Bucknell, Shropshire SY7 0AY3
£252K01/242.75 mi15, Redlake Meadow, Bucknell SY7 0AY3
£250K03/252.75 mi1, Redlake Meadow, Bucknell SY7 0AY3
£250K03/252.75 mi1, Redlake Meadow, Bucknell SY7 0AY3
£190K07/242.77 mi6, Redlake Meadow, Bucknell SY7 0AY3
£190K07/242.77 mi6, Redlake Meadow, Bucknell SY7 0AY3
£237.5K07/232.77 mi7, Redlake Meadow, Bucknell SY7 0AY3
£210K01/232.85 mi5, Sitwell Terrace, Bucknell, Shropshire SY7 0DB3
£215K02/232.85 mi4, Sitwell Terrace, Bucknell, Shropshire SY7 0DB3
£590K09/242.89 miThe White Lodge, Dog Kennel Lane, Bucknell SY7 0AX3
£440K04/252.95 miBentley Cottage, Church Road, Craven Arms SY7 0PN3
£440K04/252.95 miBentley Cottage, Church Road, Craven Arms SY7 0PN3
£327.5K11/232.95 miOak Bank, Dog Kennel Lane, Bucknell, Shropshire SY7 0AX3
£105K11/232.96 mi22, Chestnut Meadow, Bucknell, Shropshire SY7 0AA3
£225K09/222.96 mi5, Church View, Clungunford, Craven Arms, Shropshire SY7 0PS3
£240K01/252.96 miKeepers Cottage, Church Road, Clungunford SY7 0PR3
£240K01/252.96 miKeepers Cottage, Church Road, Clungunford SY7 0PR3
£465K08/242.97 miSycamore Cottage, Church Road, Craven Arms SY7 0PN3

Local Rents

19 rents from £600/mo to £1.6K/mo, average is £875/mo.

Rent
Date
Distance
Address
Beds
 
£1,22510/250.16 miWatling Street, Leintwardine, Craven Arms, Herefordshire3
£60009/250.19 miWatling Street, Leintwardine, Craven Arms, Herefordshire1
£1,25011/250.24 miLeintwardine, Shropshire3
£85009/250.24 miLeintwardine, Shropshire2
£75007/250.26 miHigh Street, Leintwardine, Craven Arms3
£1,25005/250.33 miThe Criftins, Leintwardine, Craven Arms, Herefordshire4
£75011/250.38 miThe Criftins, Leintwardine2
£97511/250.39 miHigh Street, Leintwardine, Craven Arms, Herefordshire, SY73
£77510/241.08 mi-2
£85009/251.18 miBuckton, Leintwardine, Craven Arms2
£85007/251.18 miMillennium Cottage, Walford, Leintwardine, Craven Arms2
£1,20002/251.39 mi-3
£1,60011/251.39 mi-4
£69511/251.86 miBroadward, Clungunford, Craven Arms, Shropshire2
£1,10007/251.89 miPotlid Cottage, Bucknell, Herefordshire2
£1,00009/242.02 miThe Heath, Clungunford, Craven Arms, Herefordshire3
£87511/252.27 miNurses Cottage, Brampton Bryan, Bucknell, Shropshire3
£95011/252.27 miPound House, Brampton Bryan, Bucknell, Herefordshire2
£79509/252.4 miBedstone, Bucknell, Craven Arms2

Local Area Statistics

Population in SY7

11,160

Nearest school

0.30 miles away

Nearest train station

2.59 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £300,000

February 25, 2025

Floor Plans

Property image

Description

  • Stunning Riverside Setting +
  • Spacious three bed bungalow +
  • Wrap Around Garden +
  • Village Location +

Situated in the sought-after location of Leintwardine, this three-bedroom bungalow occupies a generous plot with outstanding views over the River Teme, where it meets the River Clun. The surrounding area is rich in wildlife, offering a peaceful setting for those looking to enjoy nature at its finest. While requiring modernisation, this property presents an excellent opportunity to create a stunning family home.

Entering through the front door, you step into a welcoming hallway, which serves as the central access point to all rooms. The space immediately provides a sense of the home’s layout, with doors leading off to the living areas, bedrooms, and bathroom.

To the left, the living room is an inviting space, bathed in natural light from the large picture window that perfectly frames the breathtaking river and countryside views. This well-proportioned room provides ample space for both seating and dining arrangements. A wood-burning stove is set into a feature wall, adding a charming focal point to the room.

A door from the living room leads through to the kitchen, which is fitted with a range of floor and wall-mounted units. The space is functional but offers plenty of scope for modernisation. With dual-aspect windows, the kitchen benefits from views to both the front and rear, making it a bright and airy space. A side door provides access to the garden, allowing for easy movement between indoor and outdoor areas.

Returning to the hallway, you will find the bedroom accommodation positioned to the right of the property. The master bedroom offers spectacular uninterrupted views over the river and rolling countryside beyond. Generously sized, this room benefits from built-in wardrobes, ensuring ample storage. The second and third bedrooms are both well-proportioned, suitable as double or spacious single rooms, making them ideal for family members, guests, or even a home office.

The family bathroom is fitted with a panelled bath, pedestal wash hand basin, and a separate shower cubicle. Adjacent to this, a separate WC provides additional convenience.

The generous garden wraps around the bungalow, with mature fruit trees and various seating areas designed for relaxation and enjoying the views. A pergola with established climbers provides a sheltered outdoor space, while the gently sloping garden leads towards the water’s edge, creating a peaceful retreat.

Currently, parking is on-road directly outside the property. However, there is potential to create a dedicated parking area within the grounds, subject to the necessary permissions.

Agent's Note
This property is located within a Scheduled Ancient Monument site, meaning any external alterations or planning applications will require approval from Historic England and the local planning authority.

Directions
From Ludlow, take the A49 north towards Craven Arms. After approximately 8 miles, turn left onto the B4367 towards Leintwardine. Continue for around 3 miles, then turn right onto the High Street in Leintwardine. Follow the road and turn left onto Mill Lane.

Agent Details

Nock Deighton, Ludlow

01584 708403

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪