3 Bed Terraced House, Refurb/BRRR, Northallerton, DL6 3EF, £265,000

High Street, Swainby, Northallerton, North Yorkshire, DL6 3EF - 2 years ago

Refurb/BRRR
~93 m²
+6 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£36,800

Bridging Loan Interest

£6,956

Total Cash In

£121,656

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£287,857

Mortgage (After Refinance)

£215,893

Mortgage LTV

75%

Cash Released

£17,143

Cash Left In

£104,513

Equity

£71,964

Rent Range

£900 - £1,000

Rent Estimate

£965

Running Costs/mo

£1,113

Cashflow/mo

£-148

Cashflow/yr

£-1,771

Gross Yield

4%













Local Rents

4 rents from £900/mo to £1K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£1,00012/240 mi-2
£1,00003/250 mi-2
£90012/241.9 miArncliffe Hall Cottages, Ingleby Arncliffe, Northallerton, North Yorkshire, DL62
£99510/242.43 miEnterpen, Hutton Rudby, Yarm3

Local Area Statistics

Population in DL6

15,486

Population in Northallerton

31,557

Town centre distance

8.61 miles away

Nearest school

2.40 miles away

Nearest train station

6.54 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £265,000

May 12, 2023

Floor Plans

Description

  • End of terrace cottage +
  • Three bedrooms +
  • Enclosed garden +
  • Detached double garage and parking +
  • No onward chain +
  • Two reception rooms +
  • Oil central heating +
  • Kitchen open plan to dining area +
  • Cloakroom +
  • Village location +

This three bedroom character end of terrace cottage has been extended and benefits from no onward chain.
The interior requires some modernisation and offers well proportioned accommodation comprising; entrance porch, living room with open fireplace, dining area open plan to the kitchen with integrated appliances, rear porch with access and cupboard housing the oil boiler and a cloakroom.
On the first floor the master bedroom has an en suite shower, two further bedrooms, bathroom and a separate wc.
Externally the cottage benefits from an enclosed front garden with lawn and terrace and a sliding gate to create additional parking.
There is additional off street parking and a detached double garage with electric roller door.

Agent Details

roseberry newhouse, Stokesley

01642 065514

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪