3 Bed Terraced House, Single Let, Gainsborough, DN21 1BL, £40,000
Britannia Terrace, Gainsborough, DN21 1BL - 10 views - a month ago
BTL
ROI: 30%
~93 m²
ValuationUndervalued
History
Listed for £40,000
April 23, 2024
Sold for £20,500
2003
Sold for £13,500
2003
Floor Plans
Description
THREE BEDROOM +
MID-TERRACE +
IDEAL INVESTMENT +
NO ONWARD CHAIN +
COUNCIL TAX BAND A +
CALL NOW TO VIEW +
POTENTIAL RENTAL OF £425 PCM / POTENTIAL YIELD OF 12.75% / THREE BEDROOM / MID-TERRACE / IDEAL INVESTMENT / NO ONWARD CHAIN / COUNCIL TAX BAND A / CALL NOW TO VIEW /
EPC rating: F. Tenure: Freehold,
Agent Details
Lovelle Estate Agency, Gainsborough
01427 800738
Next Steps?
This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪
Stats
Population in DN21
37,066
Town centre distance
0.53 miles away
Nearest school
0.40 miles away
Nearest train station
0.34 miles away
Rental demand
Landlord's market
Rental growth (12m)
-5%
Sales demand
Buyer's market
Capital growth (5yrs)
+14%
Cashflows
Cash In
Deposit (25%)
£10,000
Stamp duty & legals
£1,200
Total cash in
£11,200
Cash Out
Rent range
£575 - £945
Rent estimate
£531
Running costs/mo
£251
Cashflow/mo
£280
Cashflow/yr
£3,360
ROI
30%
Gross yield
16%
Local Rents
12 rents
Rent
Date
Distance
Address
Beds
Type
£575
11/23
0.2 mi
Trent Street, Gainsborough
3
Terraced House
£750
10/23
0.41 mi
-
3
Semi-Detached House
£945
12/23
0.46 mi
-
3
Semi-Detached House
£800
02/24
0.52 mi
Parish Mews, Gainsborough, DN21
3
Terraced House
£625
01/24
0.83 mi
Glentham Road, Gainsborough
3
Flat
£725
12/23
0.92 mi
-
3
Terraced House
£625
11/23
0.98 mi
-
3
Semi-Detached House
£750
02/24
1.07 mi
Wentworth Close, Gainsborough
3
Flat
£795
03/24
1.09 mi
-
3
Terraced House
£900
01/24
1.17 mi
-
3
Semi-Detached House
£625
09/23
1.17 mi
-
3
Semi-Detached House
£725
02/24
1.19 mi
The Avenue, Gainsborough, DN21 1EP
3
Terraced House
Sold prices
£37.5K - £200K
Sold prices/m²
£421/m² - £1,924/m²
Square metres
~93 m²
Price/m²
£430/m²
Value estimate
£49,600
BMV
24%
Local Sold Prices
50 sold prices
Price
Date
Distance
Address
Price/m²
m²
Beds
Type
£45K
02/21
0 mi
14, Britannia Terrace, Gainsborough, Lincolnshire DN21 1BL