4 Bed Detached House, Refurb/BRRR, Louth, LN11 7PZ, £300,000
Hobbiton Church End North Somercotes Louth LN11 7PZ - 2 views - a year ago
Refurb/BRRR
~163 m²





+10 photos
ValuationFair Value
Sold Prices | £248.5K - £365K |
Sold Prices/m² | £1.6K/m² - £3.2K/m² |
| |
Square Metres | ~163.30 m² |
Price/m² | £1.8K/m² |
Value Estimate | £306,000 |
| |
End Value (After Refurb) | £390,988 |
Uplift in Value | +30% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £75,000 |
Stamp Duty & Legal Fees | £12,700 |
Refurb Costs | £66,201 |
Bridging Loan Interest | £7,875 |
Total Cash In | £163,526 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £390,988 |
Mortgage (After Refinance) | £293,241 |
Mortgage LTV | 75% |
Cash Released | £68,241 |
Cash Left In | £95,285 |
Equity | £97,747 |
Rent Range | £550 - £750 |
Rent Estimate | £698 |
Running Costs/mo | £1,381 |
Cashflow/mo | £-683 |
Cashflow/yr | £-8,201 |
Gross Yield | 3% |
Local Sold Prices
10 sold prices from £248.5K to £365K, average is £297.5K. £1.6K/m² to £3.2K/m², average is £1.9K/m².
Local Rents
8 rents from £550/mo to £750/mo, average is £623/mo.
Local Area Statistics
Population in LN11 | 28,179 |
Population in Louth | 28,197 |
Town centre distance | 7.81 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 11.12 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +12% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +9% |
Property History
Listed for £300,000
October 20, 2023
Floor Plans
