2 Bed Terraced House, Potential PLO/LOA, Gainsborough, DN21 1JQ, £70,000

37 Linden Terrace, Gainsborough, Lincolnshire, DN21 1JQ - 10 views - 2 years ago

Negative Equity
ROI: 7%
68 m²
+3 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Total Cash In

£20,800

 

 

Cash Out

 

Rent Range

£450 - £825

Rent Estimate

£450

Running Costs/mo

£329

Cashflow/mo

£121

Cashflow/yr

£1,455

ROI

7%

Gross Yield

8%













Local Rents

19 rents from £450/mo to £825/mo, average is £540/mo.

RentDateDistanceAddressBeds 
£45012/240 miLinden Terrace, Gainsborough2
£54012/240.01 mi-2
£59511/240.03 mi-2
£49512/240.04 mi-2
£57512/240.11 miFurleys Wharf, Gainsborough2
£70011/240.14 mi-2
£54012/240.14 miLewis Street, Gainsborough2
£49510/240.21 mi-2
£55012/240.22 miBridge Street, Gainsborough, DN212
£60012/240.23 miGranary Wharf, Gainsborough2
£59502/250.24 mi-2
£49512/240.38 miMarshalls Court, Gainsborough2
£82510/230.42 mi-2
£50012/240.43 miLea Place2
£52512/240.48 miTennyson Street, Gainsborough2
£65012/240.52 miTower Street, Gainsborough2
£49512/240.54 miCarlisle Mews, Gainsborough2
£55011/240.58 mi-2
£50010/230.58 mi-2

Local Area Statistics

Population in DN21

36,969

Population in Gainsborough

37,066

Town centre distance

0.55 miles away

Nearest school

0.40 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £70,000

-7%

August 14, 2023

Sold for £75,000

2008

Sold for £40,000

2007

Floor Plans

Description

  • TWO BEDROOM PLUS ATTIC +
  • TENANT IN SITU +
  • TERRACE PROPERTY +
  • YIELD OF 7.7% +
  • CURRENT RENT £450PCM +
  • IDEAL INVESTMENT PROPERTY +
  • COUNCIL TAX BAND A +

*PHOTOS PRIOR TO CURRENT TENANCY* TWO BEDROOM PLUS ATTIC ROOM TERRACE PROPERTY  / TOWN CENTRE LOCATION / KITCHEN  / DOWNSTAIRS BATHROOM /  YARD REAR GARDEN / TENANT IN SITU  /  INVESTMENT OPPORTUNITY  /  YIELD OF 7.7%  /   EPC rating: D. Tenure: Freehold,

Agent Details

Lovelle Estate Agency, Gainsborough

01427 800738

Next Steps?

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