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

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Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£3,300£3,300
Total Cash In	£20,800£20,800

Cash Out
Rent Range	£450 - £825£450 - £825
Rent Estimate	£450
Running Costs/mo	£329£329
Cashflow/mo	£121£121
Cashflow/yr	£1,455£1,455
ROI	7%7%
Gross Yield	8%8%

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Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£450	12/24	0 mi	Linden Terrace, Gainsborough	2	Terraced House
£540	12/24	0.01 mi	-	2	Terraced House
£595	11/24	0.03 mi	-	2	Terraced House
£495	12/24	0.04 mi	-	2	Terraced House
£575	12/24	0.11 mi	Furleys Wharf, Gainsborough	2	Flat
£700	11/24	0.14 mi	-	2	Terraced House
£540	12/24	0.14 mi	Lewis Street, Gainsborough	2	Terraced House
£495	10/24	0.21 mi	-	2	Terraced House
£550	12/24	0.22 mi	Bridge Street, Gainsborough, DN21	2	Flat
£600	12/24	0.23 mi	Granary Wharf, Gainsborough	2	Flat
£595	02/25	0.24 mi	-	2	Terraced House
£495	12/24	0.38 mi	Marshalls Court, Gainsborough	2	Flat
£825	10/23	0.42 mi	-	2	Terraced House
£500	12/24	0.43 mi	Lea Place	2	Flat
£525	12/24	0.48 mi	Tennyson Street, Gainsborough	2	Terraced House
£650	12/24	0.52 mi	Tower Street, Gainsborough	2	Terraced House
£495	12/24	0.54 mi	Carlisle Mews, Gainsborough	2	Flat
£550	11/24	0.58 mi	-	2	Flat
£500	10/23	0.58 mi	-	2	Flat

Local Area Statistics

Population in DN21	36,96936,969
Population in Gainsborough	37,06637,066
Town centre distance	0.55 miles away0.55 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.36 miles away0.36 miles away

Rental demand	Landlord's marketLandlord's market
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+20%+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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