2 Bed Terraced House, Refurb/BRRR, Barnstaple, EX31 2AZ, £180,000

1 Clifton Street, Sticklepath, Barnstaple, EX31 2AZ - 2 views - 2 months ago

Refurb/BRRR
ROI: 2%
80 m²
+7 photos

ValuationUndervalued

Sold Prices£92K - £345K
Sold Prices/m²£1.4K/m² - £5.6K/m²

 

 

Square Metres

80 m²
Price/m²£2.3K/m²

Value Estimate

£185,400
BMV3%

 

 

End Value (After Refurb)

£174,667

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£32,508

Bridging Loan Interest

£4,725

Total Cash In

£90,583

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£174,667

Mortgage (After Refinance)

£131,000

Mortgage LTV

75%

Cash Left In

£90,583

Equity

£43,667

Rent Range

£695 - £1,100

Rent Estimate

£884

Running Costs/mo

£743

Cashflow/mo

£141

Cashflow/yr

£1,696

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £92K to £345K, average is £197.5K. £1.4K/m² to £5.6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£140K03/210.01 mi17, Clifton Street, Sticklepath, Barnstaple, Devon EX31 2AZ2
£189.9K04/230.01 mi6, Clifton Street, Sticklepath, Barnstaple, Devon EX31 2AZ2
£185K12/220.34 mi28, Litchdon Street, Barnstaple, Devon EX32 8ND2
£157K04/210.4 mi18, Salem Street, Barnstaple, Devon EX32 8JF2
£185K11/220.46 mi8, Western Terrace, Barnstaple, Devon EX31 1JG2
£163K06/230.46 mi12, Western Terrace, Barnstaple, Devon EX31 1JG2
£185K06/210.5 mi4, Vicarage Lawn, Barnstaple, Devon EX32 7BW2
£340K09/210.53 mi14, Andrew Road, Barnstaple, Devon EX31 3AE2
£132.5K07/210.54 mi14, Barbican Road, Barnstaple, Devon EX32 9HW2
£195K08/220.54 mi7, Barbican Road, Barnstaple, Devon EX32 9HW2
£171.5K01/210.56 mi39, Gloster Road, Barnstaple, Devon EX32 9JR2
£200K03/210.56 mi18, Gloster Road, Barnstaple, Devon EX32 9JR2
£160K01/210.57 mi43, Charles Street, Barnstaple, Devon EX32 7BG2
£169.4K02/210.57 mi26, Charles Street, Barnstaple, Devon EX32 7BG2
£170K04/210.57 mi34, Charles Street, Barnstaple, Devon EX32 7BG2
£155.5K09/210.57 mi14, Gaydon Street, Barnstaple, Devon EX32 7DN2
£205K01/230.57 mi3, Grosvenor Street, Barnstaple, Devon EX32 7DT2
£310K03/230.58 mi5, Elizabeth Drive, Barnstaple, Devon EX31 3AJ2
£155K12/220.58 mi1, Higher Maudlin Street, Barnstaple, Devon EX32 7BJ2
£185K12/200.6 mi34, Richmond Street, Barnstaple, Devon EX32 7DP2
£92K12/200.6 mi8, Lower Gaydon Street, Barnstaple, Devon EX32 7DW2
£167K10/210.61 mi8, Richmond Street, Barnstaple, Devon EX32 7DP2
£229.9K11/200.61 miSutherlea, Barbican Lane, Barnstaple, Devon EX32 8LB2
£242K01/230.66 mi1, Brookdale Terrace, Barnstaple, Devon EX32 9HZ2
£230K12/210.67 mi7, Pilton Quay, Barnstaple, Devon EX31 1PB2
£165K06/230.67 mi6, Pilton Street, Barnstaple, Devon EX31 1PE2
£165K06/230.67 mi6, Pilton Street, Barnstaple, Devon EX31 1PE2
£220K12/200.69 mi73, Chanters Hill, Barnstaple, Devon EX32 8DD2
£203K12/200.69 mi68, Chanters Hill, Barnstaple, Devon EX32 8DD2
£125K05/230.71 mi26, Cyprus Terrace, Barnstaple, Devon EX32 9JG2
£202K07/230.71 miHamditch, Abyssinia Terrace, Barnstaple, Devon EX32 9BH2
£180K11/200.71 mi71a, Newport Road, Barnstaple, Devon EX32 9BG2
£214K12/220.71 mi14, Newport Road, Barnstaple, Devon EX32 9BG2
£182.5K03/210.73 mi7, Carlyle Avenue, Barnstaple, Devon EX32 7AL2
£189K04/230.73 mi17, Cyprus Terrace, Barnstaple, Devon EX32 9JF2
£275K11/220.73 mi1, Firs Grove, Barnstaple, Devon EX32 8BX2
£314K02/230.75 mi4, Ravelin Manor Road, Barnstaple, Devon EX32 8BY2
£285K04/230.76 mi103, Chanters Hill, Barnstaple, Devon EX32 8DQ2
£259.5K05/230.76 mi59, Chanters Hill, Barnstaple, Devon EX32 8DQ2
£257.5K06/230.76 mi102, Chanters Hill, Barnstaple, Devon EX32 8DQ2
£223K05/230.76 mi5, St Marys Road, Barnstaple, Devon EX32 7EY2
£245K12/200.77 mi40, Lynhurst Avenue, Sticklepath, Barnstaple, Devon EX31 2ER2
£180K05/230.78 mi26, Pilton Street, Barnstaple, Devon EX31 1PJ2
£217K11/200.8 mi7, Chanters Hill, Barnstaple, Devon EX32 8DN2
£220K07/210.81 mi12, Chanters Hill, Barnstaple, Devon EX32 8DN2
£270K12/220.81 mi24, Chanters Hill, Barnstaple, Devon EX32 8DN2
£197.5K10/220.83 mi81a, Pilton Street, Barnstaple, Devon EX31 1PQ2
£302.5K04/230.83 miLongbrook, Bickington Road, Sticklepath, Barnstaple, Devon EX31 2HB2
£345K08/230.84 mi3, Raleigh Heights, Barnstaple, Devon EX31 1ND2
£207.5K01/230.84 mi20, Greenmeadow Drive, Barnstaple, Devon EX31 4HT2
£225K02/210.85 mi40, Chanters Hill, Barnstaple, Devon EX32 8DW2

Local Rents

17 rents from £695/mo to £1.1K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£1,10011/230.27 mi-2
£1,10009/240.27 mi-2
£79502/250.28 mi-2
£80001/240.3 mi-2
£95011/230.3 mi-2
£85009/230.3 mi-2
£1,10011/230.37 mi-2
£92504/240.39 miQueen Street, Barnstaple2
£92504/240.39 miQueen Street, Barnstaple2
£92505/240.39 miQueen Street, Barnstaple2
£92503/240.39 miRegent House, Queens Street2
£75004/240.41 miOld Sticklepath Hill, Sticklepath, EX312
£69504/240.47 miLoverings Court, Barnstaple, EX312
£69503/240.49 miBoutport Street, Barnstaple, Devon, EX312
£97510/230.49 mi-2
£72504/240.53 miBarnstaple2
£80003/240.6 miAshleigh Road, Barnstaple, EX322

Local Area Statistics

Population in EX31

25,086

Population in Barnstaple

48,982

Town centre distance

0.25 miles away

Nearest school

0.50 miles away

Nearest train station

0.13 miles away

 

 

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £180,000

February 27, 2025

Floor Plans

Description

  • Two bedrooms +
  • Converted loft +
  • Storage +
  • Convenient Location +

A 2 bedroom end of terrace property in a convenient location with character and scope for further modernisation.

Nestled in a convenient location, this delightful two-bedroom end-of-terrace house blends period charm with more modern comfort with further potential. There are fireplaces, and tasteful decor that enhances its unique appeal.

The inviting living space features a cozy lounge and dining area leading to a well-appointed kitchen with ample storage and worktop space, comprising a range of base and wall level cupboards. Further to this you shall also find a utility area with direct access to the rear courtyard garden. Upstairs, two generously sized bedrooms offer plenty of natural light, while a stylish family bathroom completes the accommodation.
There is a further converted loft also, with head space, fitted storage and skylight.

The property is not far from the A361 North Devon link road, provides easy access to Tiverton and the M5 motorway (Junction 27) with mainline Intercity rail links available at Tiverton Parkway (London, Paddington approx. 2 hours) and international airports at Exeter and Bristol.

Barnstaple, the historic and regional centre of North Devon affords a more extensive range of commercial, educational and recreational facilities benefiting from a variety of banking, schooling, a theatre, cinema, leisure centre and restaurants, combining modern shopping amenities with a bustling market atmosphere. Further popular sandy beaches of Westward Ho!, Saunton, Croyde and Woolacombe are within easy reach. The cathedral city of Exeter with its university, airport, inter-rail and motorway links is just some 45 miles in distance.

The property comprises a good sized, low maintenance courtyard garden with lean-to and rear access.

Agent Details

Greenslade Taylor Hunt, Barnstaple

01271 444387

Next Steps?

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