7 Bed Detached House, Refurb/BRRR, Stockton-on-Tees, TS21 1AB, £1,090,000
ValuationOvervalued
| Sold Prices | £90K - £810K |
| Sold Prices/m² | £581/m² - £2.3K/m² |
| |
Square Metres | ~414.94 m² |
| Price/m² | £2.6K/m² |
Value Estimate | £894,088 |
| |
End Value (After Refurb) | £855,408 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £272,500 |
Stamp Duty & Legal Fees | £105,950 |
Refurb Costs | £159,283 |
Bridging Loan Interest | £28,613 |
Total Cash In | £568,096 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £855,408 |
Mortgage (After Refinance) | £641,556 |
Mortgage LTV | 75% |
Cash Left In | £568,096 |
Equity | £213,852 |
Rent Range | £695 - £1,950 |
Rent Estimate | £1,080 |
Running Costs/mo | £2,909 |
Cashflow/mo | £-1,829 |
Cashflow/yr | £-21,950 |
Gross Yield | 1% |
Local Sold Prices
6 sold prices from £90K to £810K, average is £477.5K. £581/m² to £2.3K/m², average is £2.2K/m².
Local Rents
15 rents from £695/mo to £1.9K/mo, average is £825/mo.
Local Area Statistics
Population in TS21 | 12,471 |
Population in Stockton-on-Tees | 149,709 |
Town centre distance | 1.94 miles away |
Nearest school | 0.50 miles away |
Nearest train station | 1.74 miles away |
| |
Rental growth (12m) | +40% |
Sales demand | Buyer's market |
Capital growth (5yrs) | -6% |
Property History
Price changed to £1,090,000
December 31, 2024
Price changed to £1,095,000
October 1, 2024
Listed for £1,200,000
April 19, 2023
Floor Plans
Description
Similar Properties
Like this property? Maybe you'll like these ones close by too.
