2 Bed Terraced House, Refurb/BRRR, Barnstaple, EX32 8JD, £160,000

2 Ceramic Terrace, Barnstaple, Devon, EX32 8JD - 3 views - 2 months ago

Refurb/BRRR
Planning
ROI: 3%
~68 m²
+5 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£27,830

Bridging Loan Interest

£4,200

Total Cash In

£82,980

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£142,911

Mortgage (After Refinance)

£107,184

Mortgage LTV

75%

Cash Left In

£82,980

Equity

£35,728

Rent Range

£625 - £1,100

Rent Estimate

£863

Running Costs/mo

£639

Cashflow/mo

£224

Cashflow/yr

£2,686

ROI

3%

Gross Yield

6%













Local Rents

22 rents from £625/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85009/230.06 mi-2
£95011/230.07 mi-2
£80001/240.07 mi-2
£1,10011/230.07 mi-2
£1,10011/230.09 mi-2
£1,10009/240.09 mi-2
£92504/240.13 miQueen Street, Barnstaple2
£92505/240.13 miQueen Street, Barnstaple2
£79502/250.13 mi-2
£92504/240.14 miQueen Street, Barnstaple2
£92503/240.2 miRegent House, Queens Street2
£80003/240.24 miAshleigh Road, Barnstaple, EX322
£72504/240.26 miBarnstaple2
£67504/240.3 miDoone House, Barnstaple, Devon2
£69504/240.31 miLoverings Court, Barnstaple, EX312
£97510/230.37 mi-2
£69503/240.4 miBoutport Street, Barnstaple, Devon, EX312
£82512/230.48 mi-2
£85012/240.48 mi-2
£62504/240.51 miNewport Road, Barnstaple, Devon2
£87503/240.59 miWalton Way, Barnstaple2
£85004/240.61 miPilton Quayside, Barnstaple2

Local Area Statistics

Population in EX32

23,896

Population in Barnstaple

48,982

Town centre distance

0.25 miles away

Nearest school

0.20 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+33%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £160,000

March 12, 2025

Floor Plans

Description

  • A TERRACED PROPERTY IN NEED OF MODERNISATION +
  • 2 Bedrooms +
  • Spacious Lounge with bay window +
  • Well-proportioned Dining Room +
  • Dual aspect Kitchen +
  • Upstairs Shower Room +
  • Suntrap courtyard garden +
  • Situated within close proximity to Barnstaple Town Centre, offering easy access to amenities +
  • No onward chain +
  • This property is a blank canvas - perfect for those looking to create a home tailored to their own tastes & style +

A 2 Bedroom terraced property ideally situated within close proximity to Barnstaple Town Centre, offering easy access to all local amenities. Available for sale with no onward chain, the home is in need of full modernisation, providing a fantastic opportunity for those looking to put their own stamp on a property.

The Ground Floor features a spacious Lounge with a bay window to the front, allowing for plenty of natural light. A well-proportioned Dining Room includes a feature gas fire and storage space under the stairs. The dual aspect fitted Kitchen is equipped with a modern electric oven and hob, along with fitted wall and floor units, and provides access to a low-maintenance, south-facing courtyard.

Upstairs, an open landing presents potential for further development, with scope to extend into the loft space, subject to planning permission. The First Floor also boasts a large, airy Shower Room to the rear, complete with a 3-piece white suite, including a walk-in shower enclosure, a WC and hand basin. Two spacious double Bedrooms complete this level.

Outside, the rear of the property features a suntrap courtyard with raised planters and a dry storage box, offering a private outdoor space. This property is a blank canvas - perfect for those looking to create a home tailored to their own tastes and style.

Barnstaple Town Centre, the historic and regional centre of North Devon, is surrounded by beautiful countryside and some of the area’s best beaches. As the commercial centre of the region, the town centre offers a variety of banking, schooling and recreational facilities including a theatre, cinema, leisure centre, restaurants and the North Devon District Hospital. The vibrant town combines modern shopping amenities with a bustling market atmosphere.

The A361 North Devon Link Road provides convenient access to the M5 motorway network and beyond. Exmoor National Park and North Devon’s famous surfing beaches at Croyde, Putsborough, Saunton (also with Championship golf course) and Woolacombe are all within about half an hour by car. The nearest International airports are at Bristol and Exeter.

Directions
On foot from our Office on Boutport Street, follow the road towards Barnstaple Bus Station on Queen Street. Bypass the Barnstaple Bus Station on your right hand side and cross over at the traffic lights onto Trinity Street. This will lead to a group of properties called Ceramic Terrace located on your right hand side. Number 2 will be found towards the end of the row on your right hand side with a numberplate clearly displayed and For Sale board clearly displayed in the window.

Agent Details

Bond Oxborough Phillips, Barnstaple

01271 371234

Next Steps?

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