Meddon Street, Bideford, EX39
MC

Meddon Street, Bideford, EX39

By McGowan Housing

£ 280,000

Reviews

2 out of 5 stars

McGowan Housing says ..

HMO | Buy-to-Let Opportunity | Tenants Currently Situated | 5 Bedroom End of Terrace house | Good Condition | Convenient Local Transport Links | Prime Rental Location Within Bideford

Property Oracle says ..

This five-bedroom end-of-terrace house in Bideford, Devon, presents a mixed investment opportunity. Its key strengths lie in its location, being relatively close to several schools and potentially within reasonable distance of the town center and its amenities. The five bedrooms offer significant potential for rental income, particularly as a House of Multiple Occupancy (HMO), as suggested by the listing.

However, the property’s condition is a significant drawback. The photographs reveal a cluttered and somewhat dilapidated interior requiring substantial refurbishment, which includes the kitchen and bathrooms. The lack of information regarding the property’s total square footage prevents a precise calculation of the price per square foot, which is crucial for a comprehensive market evaluation. The limited external space is another factor to consider.

Overall, while the number of bedrooms and potential for rental income are attractive, any potential buyer should be prepared for significant renovation costs. A thorough survey and professional valuation are essential before proceeding with any purchase. The current list price needs to be carefully considered against the projected renovation costs, potential rental income, and the prevailing market values for comparable properties in Bideford, after factoring in refurbishment expenses.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
6
Land
1
Bedrooms
5
Bathrooms
1

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
236,000.00 £
Decreased by 21.21 %
from 299,515.00 £
Average area rental value
913.00 £/mo
Increased by 21.90 %
from 749.00 £/mo
Est rental Yield
4.64 %
Increased by 54.67 %
from 3.00 %
Crime Rate
15.00 %
Unchanged by 0.00 %
from 15.00 %

Agent Activity

  • McGowan Housing created the listing.

Nearby Schools

NameTypeOfstedDistance
West Croft SchoolCommunity SchoolRequires improvement0.50 KM
St Mary'S Church Of England Primary SchoolVoluntary Controlled SchoolGood1.12 KM
Kingsley SchoolOther Independent School1.23 KM
Bideford CollegeAcademy Sponsor LedRequires improvement1.24 KM
Bideford Bay Children'S CentreChildren's Centre1.36 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Providence Row £ 310,00000.00 KM
Silver Street £ 188,75000.00 KM
Market Place £ 60,00000.00 KM
Old Town £ 105,00000.00 KM
Tower Street £ 000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Meddon Street, Bideford, EX39 £ 280,000BUY4 / 100.00 KM
Meddon Street, Bideford, Devon, EX39 £ 205,000BUY5 / 100.01 KM
Meddon Street,Bideford,EX39 2EQ £ 158,000BUY6 / 100.01 KM
Hyfield Place, Bideford £ 165,000BUY5 / 100.06 KM
Victoria Grove, Bideford £ 195,000BUYUnknown0.08 KM

Nearby Properties

AddressPriceDistance
42 Meddon Street £ 170,0000.00 KM
69 Meddon Street £ 92,5000.00 KM
79 Meddon Street £ 132,5000.00 KM
66 Meddon Street £ 155,0000.01 KM
45 Meddon Street £ 167,0000.01 KM