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Burton Christchurch

South East

£475,000
Listed on 19/09/2024

Property Details

Bedrooms
2
Type
Detached house
Area
955 sqft

Description

This detached bungalow presents a valuable opportunity for renovation and investment, situated on an expansive plot that offers the potential for further extension and modernization (subject to planning permission). The property features two generously sized double bedrooms, each benefiting from abundant natural light through UPVC double-glazed windows, providing pleasant views over the Avon Valley. The entrance hall provides access to various areas of the home, featuring a hatch to the loft space and ample storage solutions, including an airing cupboard. The primary bedroom offers space for wardrobes alongside a built-in vanity unit. The second bedroom is a dual-aspect room that includes built-in wardrobes, enhancing storage options. The bathroom consists of essential fittings, including a low flush WC and a bath with a wall-mounted shower. There’s also a separate WC for convenience. The sitting room is particularly inviting due to its dual aspect and features a brick fireplace with an inset electric gas fire, serving as an attractive focal point. This space connects seamlessly with the kitchen/dining area, which contains essential appliances and workspace while maintaining the potential to be transformed into a modern culinary hub. A side conservatory adds extra living space, extending into the secluded rear garden—a feature characterized by both patio and lawn areas bordered by mature trees and hedges that provide privacy. With some clearing of vegetation, this garden could be significantly enhanced in size. Externally, this property boasts a large driveway capable of accommodating multiple vehicles alongside a carport and single garage equipped with power and light. The front garden offers stunning valley views, while access to the side gate leads directly to the tranquil rear garden oasis. With vacant possession available and no onward chain, this bungalow is ideally positioned for those looking to invest in real estate with significant potential for enhancement in both living quality and value.

Investment Analysis

(BH23 area)

Above Market Value

This property is priced +15.9% above area average per sq ft

+15.9%
This Property
£497/sq ft
Area Average
£429/sq ft
Avg Rent (weekly)
£306
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£450,770
10% above area average per sq ft
Potential ROI
-13.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (BH23)

Area prices are rising by +3.8% over the last 12 months
3 year growth: 0.5%
5 year growth: 16.0%
Investment Disclaimer: Analysis based on BH23 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Burton Christchurch
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,740
Based on a loan of £356,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE