3 Bed Terraced House, Refurb/BRRR, Bideford, EX39 1BX, £285,000

54 Cross Street, Northam, Bideford, EX39 1BX - 3 views - a month ago

Under Offer
Refurb/BRRR
Planning
114 m²
+12 photos

ValuationFair Value

Sold Prices£162K - £600K
Sold Prices/m²£1.7K/m² - £5.9K/m²

 

 

Square Metres

114 m²
Price/m²£2.5K/m²

Value Estimate

£285,000

 

 

End Value (After Refurb)

£347,797

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£17,200

Refurb Costs

£46,215

Bridging Loan Interest

£7,481

Total Cash In

£143,896

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£347,797

Mortgage (After Refinance)

£260,847

Mortgage LTV

75%

Cash Released

£47,097

Cash Left In

£96,799

Equity

£86,949

Rent Range

£550 - £1,750

Rent Estimate

£872

Running Costs/mo

£1,281

Cashflow/mo

£-409

Cashflow/yr

£-4,911

Gross Yield

4%

Local Sold Prices

50 sold prices from £162K to £600K, average is £307.8K. £1.7K/m² to £5.9K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£270K03/210.03 mi2, North East Street, Northam, Bideford, Devon EX39 1DJ3
£170K03/210.05 mi37, North Street, Northam, Bideford, Devon EX39 1DH3
£220K01/210.05 mi1, Burrough Road, Northam, Bideford, Devon EX39 1BU3
£190K01/210.08 mi26, Cross Street, Northam, Bideford, Devon EX39 1BS3
£206K12/200.08 mi18, Cross Street, Northam, Bideford, Devon EX39 1BS3
£265K06/230.08 mi18, Cross Street, Northam, Bideford, Devon EX39 1BS3
£349.5K06/230.16 mi22, Wren Close, Northam, Bideford, Devon EX39 1UU3
£420K02/210.16 mi27, Windmill Lane, Northam, Bideford, Devon EX39 1BZ3
£499.9K06/230.16 mi33, Windmill Lane, Northam, Bideford, Devon EX39 1BZ3
£293.5K11/210.17 mi12, Churchill Way, Northam, Bideford, Devon EX39 1DF3
£522K01/230.17 mi27, Windmill Lane, Northam, Bideford, Devon EX39 1BZ3
£162K06/210.19 mi52, Morwenna Park Road, Northam, Bideford, Devon EX39 1EU3
£189.9K04/230.19 mi58, Morwenna Park Road, Northam, Bideford, Devon EX39 1EU3
£181K12/220.19 mi115, Morwenna Park Road, Northam, Bideford, Devon EX39 1ET3
£210K03/210.19 mi27, Benson Drive, Northam, Bideford, Devon EX39 1UY3
£305.5K11/210.19 mi59, J H Taylor Drive, Northam, Bideford, Devon EX39 1TT3
£310.3K12/210.21 mi25, Amyas Way, Northam, Bideford, Devon EX39 1UT3
£220K10/200.21 mi9, Amyas Way, Northam, Bideford, Devon EX39 1UT3
£322.5K06/230.21 mi34, Amyas Way, Northam, Bideford, Devon EX39 1UT3
£370K02/230.23 mi39, J H Taylor Drive, Northam, Bideford, Devon EX39 1TT3
£199.5K03/210.23 mi21, Seaview Road, Northam, Bideford, Devon EX39 1EL3
£261K06/230.25 mi12, King Alfred Crescent, Northam, Bideford, Devon EX39 1UF3
£315K09/210.27 mi5, St Teresas Court, Northam, Bideford, Devon EX39 1EX3
£330K06/210.29 mi15, Mondeville Way, Northam, Bideford, Devon EX39 1DQ3
£343K11/210.29 mi11, Mondeville Way, Northam, Bideford, Devon EX39 1DQ3
£440K11/220.35 mi3, Great Burrow Rise, Northam, Bideford, Devon EX39 1TB3
£525K06/210.35 miStymie, Chope Road, Northam, Bideford, Devon EX39 3QE3
£310K02/210.38 mi28, Estuary View, Northam, Bideford, Devon EX39 1XZ3
£389.9K05/210.44 mi10, Lundy View, Northam, Bideford, Devon EX39 1BE3
£410K08/230.46 mi1, Vickers Ground, Northam, Bideford, Devon EX39 1SW3
£394.4K02/210.47 mi14, Tudor Close, Northam, Bideford, Devon EX39 3QD3
£289.5K02/210.48 mi2, Lansdowne Park, Northam, Bideford, Devon EX39 1TS3
£375K11/210.49 mi8, Broadlands, Northam, Bideford, Devon EX39 1ST3
£385K01/210.52 mi53, Goodwood Park Road, Northam, Bideford, Devon EX39 2RR3
£420K12/220.56 miWestward View House, Galleon Way, Westward Ho, Bideford, Devon EX39 1UJ3
£220K11/200.56 mi28, Galleon Way, Westward Ho, Bideford, Devon EX39 1UJ3
£225K06/210.56 mi34, Galleon Way, Westward Ho, Bideford, Devon EX39 1UJ3
£260K06/230.56 mi4, Galleon Way, Westward Ho, Bideford, Devon EX39 1UJ3
£285K06/230.56 mi34, Galleon Way, Westward Ho, Bideford, Devon EX39 1UJ3
£600K07/230.61 mi3, Lenwood Road, Northam, Bideford, Devon EX39 3PL3
£220K11/200.62 mi12, Commodore Close, Westward Ho, Bideford, Devon EX39 1UR3
£210K11/200.62 mi9, Commodore Close, Westward Ho, Bideford, Devon EX39 1UR3
£360K06/230.63 miHomecroft, Limers Lane, Northam, Bideford, Devon EX39 2RG3
£287.5K06/210.67 miWooda Barn, Wooda Road, Northam, Bideford, Devon EX39 1NB3
£340K12/200.69 mi2, Millennium Way, Westward Ho, Bideford, Devon EX39 1XN3
£335K02/210.74 miUandi, Broad Lane, Appledore, Bideford, Devon EX39 1ND3
£300K06/210.76 mi11, Hanson Park, Northam, Bideford, Devon EX39 3SA3
£330K11/220.76 mi9, Hanson Park, Northam, Bideford, Devon EX39 3SA3
£325K05/210.76 mi25, Coral Avenue, Westward Ho, Bideford, Devon EX39 1UW3
£245K06/210.81 mi30, The Fairways, Westward Ho, Bideford, Devon EX39 1TQ3

Local Rents

51 rents from £550/mo to £1.8K/mo, average is £815/mo.

RentDateDistanceAddressBeds 
£80005/240.06 miNorth Street, Bideford, Devon2
£82504/240.13 miFore Street, Bideford, Devon2
£97503/240.2 mi-3
£1,30004/240.22 miJH Taylor Drive, Northam, Bideford, Devon, EX394
£75005/240.22 miCarnegie North, Clevelands Park, Northam, Bideford, EX392
£75005/240.22 miCarnegie North, Clevelands Park, Northam, Bideford, EX392
£92507/240.26 mi-3
£86004/240.29 miWindsor Road, Bideford3
£86003/240.3 miWindsor Road, Bideford3
£85004/240.31 miKimberley Park, Bideford, Devon2
£77510/230.41 mi-2
£1,75004/250.5 mi-3
£64004/240.64 miKala Fair, Westward Ho2
£95003/240.66 mi-2
£95006/240.66 mi-2
£85005/240.74 mi-2
£85004/240.74 miRidgeway Court, Westward Ho, EX392
£65010/230.77 mi-2
£75504/240.77 mi-2
£72509/240.77 mi-2
£71504/250.77 mi-2
£85004/240.91 miRiverside Court, Bideford, Devon2
£1,10004/240.94 miGolf Links Road, Westward Ho, Bideford2
£1,30005/241.01 miOdun Terrace, Appledore3
£72510/241.01 mi-2
£60010/231.14 mi-1
£62505/241.15 miCleveland Terrace, Kingsley Road, Westward Ho!1
£85010/241.15 mi-2
£95003/241.15 miSpringfield Terrace, Westward Ho Bideford3
£81505/241.18 miThe Quay, Appledore, Bideford2
£65004/241.2 miBude Street, Appledore, Bideford1
£65004/241.2 miBude Street, Appledore, Bideford1
£1,30004/241.22 miMeeting Street3
£1,50005/241.22 miMeeting Street, Bideford4
£97505/241.22 miFactory Ope, Appledore3
£75004/241.24 miMyra Court, Irsha Street, Appledore2
£95005/241.27 miVernons Lane, Appledore, Bideford, EX392
£55005/241.28 miAtlantic Way, Westward Ho!, Devon1
£1,30005/241.32 miIrsha Street, Appledore, Bideford4
£59509/231.36 mi-1
£70007/231.36 mi-3
£58004/241.37 miManchester House, Bideford, Devon2
£62504/241.38 mi-1
£65006/241.41 mi-1
£1,05004/241.42 miCurlew Drive, Westward Ho!, Bideford, Devon, EX393
£65006/241.42 mi-1
£62504/241.43 miColdharbour, Bideford2
£64004/241.44 miColdharbour, Bideford, Devon2
£83503/241.45 miMyrtle Grove, Bideford, Devon3
£56004/241.46 miThe Mews, Bideford1
£95003/241.47 miPitt Lane, Bideford3

Local Area Statistics

Population in EX39

37,175

Town centre distance

1.75 miles away

Nearest school

0.30 miles away

Nearest train station

6.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £285,000

March 6, 2025

Floor Plans

Description

  • Georgian townhouse +
  • Set in the heart of the village +
  • 3 bedrooms +
  • Stunning views out to sea +
  • Stone outbuilding with potential +
  • No onward chain +
  • In need of modernisation +
  • Freehold +
  • Council tax band C +

A Georgian end of terrace townhouse which requires modernisation, benefiting from stunning countryside and sea views, a private rear garden and a two storey stone outbuilding. Being offered with no onward chain. EPC rating D.

Situation - The property is located in Northam village, offering a good range of amenities including health and dental centre, Post Office, newsagents, local shop, public house, place of worship, primary school, restaurant, public transport and leisure centre. The historic port and market town of Bideford sits on the banks of the River Torridge, only two miles away and offers a further range of amenities including shops, banks, butchers, cafes, bakeries, places of worship, pubs and restaurants. There is also schooling for all ages (public and private), five supermarkets and a retail park with an excellent range of well-known branded shops, cafes and factory outlets.

The coastal town of Westward Ho! is 1.6 miles away and benefits from a 3 mile long, safe and sandy beach that adjoins the Northam Burrows Country Park and the Royal North Devon Golf Club, which is reputed to be the oldest links course in England. There is also a good range of amenities for its size, as well as access to the South West Coast Path, which affords excellent walks with stunning vistas of the rugged North Devon coastline. The regional centre of Barnstaple is approximately nine miles away with all the area's main business, shopping and commercial venues as well as good transport opportunities via the A361 link road, which connects to the M5 motorway at junction 27 and the Tarka Line.

Description - Situated in the heart of Northam Village, Wellington House is a Georgian end of terrace townhouse which does require modernisation but retains many original features and offers an opportunity for somebody to 'stamp their mark' while also benefiting from some stunning countryside and sea views, a private rear garden and a two story stone outbuilding with plenty of potential and direct road access. Being offered with no onward chain.

Accommodation - Front door to inner porch and hallway with access to the sitting room with wood burner, dining room with fireplace and kitchen with fitted units, gas hob, inset sink, integrated oven, larder, space for white goods, WC and access to the garden.

On the first floor is the bathroom and two double bedrooms with build in wardrobes. The principal bedroom boasting fine views out to sea.

The second floor includes a good size bedroom/office which offers the best views in the house!

Outside - The rear garden is enclosed and a blank canvas for the next owner, with side access to a pedestrian lane, ideal for gardening/building equipment. At the end of the garden is access to the two stone outbuildings, one of which is two storey and benefits from other access via its garage doors which can be found on North East Street which is found at the end of the neighbouring pedestrian lane. This could have potential to covert to a studio/home office (subject to necessary planning permission).

Property Information - All mains connected.
Gas central heating.
According to Ofcom, Ultrafast broadband is available at the property and mobile signal is likely with EE, Vodaphone, O2 and Three. For further information please see the Ofcom website.

Agent Details

Stags, Bideford

01237 871232

Next Steps?

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