2 Bed Bungalow, Refurb/BRRR, Leicester, LE4 3HG, £285,000

Lyngate Avenue, Birstall, LE4 3HG - a year ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+24 photos

ValuationOvervalued

Sold Prices£118K - £600K
Sold Prices/m²£1.5K/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.2K/m²

Value Estimate

£190,672

 

 

End Value (After Refurb)

£280,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Refurb Costs

£26,896

Bridging Loan Interest

£7,481

Total Cash In

£118,877

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£280,000

Mortgage (After Refinance)

£210,000

Mortgage LTV

75%

Cash Left In

£118,877

Equity

£70,000

Rent Range

£450 - £3,500

Rent Estimate

£1,278

Running Costs/mo

£1,151

Cashflow/mo

£127

Cashflow/yr

£1,529

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £118K to £600K, average is £184K. £1.5K/m² to £4.7K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£275K09/210.22 mi23, Ambergate Drive, Birstall, Leicester, Leicestershire LE4 3GD2
£205K03/210.27 mi57, Stonehill Avenue, Birstall, Leicester, Leicestershire LE4 4JF2
£228K07/230.28 mi25, Long Meadow Way, Birstall, Leicester, Leicestershire LE4 3NU2
£270K01/230.3 mi64, Stonehill Avenue, Birstall, Leicester, Leicestershire LE4 4JB2
£190K07/210.31 mi35, Windmill Avenue, Birstall, Leicester, Leicestershire LE4 4JL2
£240K06/230.33 mi7, Iris Avenue, Birstall, Leicester, Leicestershire LE4 4HP2
£200K09/210.42 mi71, Gwendolin Avenue, Birstall, Leicester, Leicestershire LE4 4HF2
£199K11/200.43 mi84, Wanlip Lane, Birstall, Leicester, Leicestershire LE4 4GF2
£159.5K12/200.44 mi23, Gwendolin Avenue, Birstall, Leicester, Leicestershire LE4 4HF2
£185K01/210.5 mi26, Keswick Close, Birstall, Leicester, Leicestershire LE4 4FS2
£260K06/230.5 mi15, Keswick Close, Birstall, Leicester, Leicestershire LE4 4FS2
£600K11/210.67 mi276, Birstall Road, Birstall, Leicester, Leicestershire LE4 4DH2
£375K06/210.72 mi269a, Birstall Road, Birstall, Leicester, Leicestershire LE4 4DJ2
£187K12/200.73 mi45, Front Street, Birstall, Leicester, Leicestershire LE4 4DQ2
£171K09/210.93 mi83, Glebelands Road, Leicester LE4 2WB2
£250K05/211.09 mi19, Roman Road, Birstall, Leicester, Leicestershire LE4 4BB2
£183K12/221.11 mi110, Benskins Oval, Leicester LE4 2HT2
£162K06/211.14 mi118, Benskins Oval, Leicester LE4 2HT2
£178K04/231.17 mi19, Perseverance Road, Birstall, Leicester, Leicestershire LE4 4AU2
£171K12/201.2 mi346, Thurcaston Road, Leicester LE4 2RD2
£162.5K10/201.2 mi20, East Road, Birstall, Leicester, Leicestershire LE4 4AJ2
£330K02/241.21 mi34, Leicester Road, Thurcaston, Leicester, Leicestershire LE7 7JG2
£202K03/211.21 mi263, Thurcaston Road, Leicester LE4 2RF2
£185K06/231.22 mi11, Eden Gardens, Leicester LE4 2HW2
£169K04/231.22 mi23, Taverners Road, Leicester LE4 2HZ2
£155K02/211.23 mi669, Melton Road, Thurmaston, Leicester, Leicestershire LE4 8ED2
£185K08/211.24 mi61, Astill Drive, Leicester LE4 2PB2
£155.5K04/231.27 mi812, Melton Road, Thurmaston, Leicester, Leicestershire LE4 8BE2
£173K11/201.27 mi845, Melton Road, Thurmaston, Leicester, Leicestershire LE4 8EE2
£175K04/211.27 mi851, Melton Road, Thurmaston, Leicester, Leicestershire LE4 8EE2
£207K02/231.27 mi843, Melton Road, Thurmaston, Leicester, Leicestershire LE4 8EE2
£166K06/231.27 mi17, Tedworth Green, Leicester LE4 2NG2
£185K04/231.28 mi8, Durban Road, Leicester LE4 2LZ2
£170K05/211.28 mi5, Durban Road, Leicester LE4 2LZ2
£163K11/201.3 mi41, Humberstone Lane, Thurmaston, Leicester, Leicestershire LE4 8HJ2
£170K04/211.3 mi39, Humberstone Lane, Thurmaston, Leicester, Leicestershire LE4 8HJ2
£168K12/201.31 mi17, Margaret Close, Thurmaston, Leicester, Leicestershire LE4 8GL2
£150K12/201.32 mi4, Belgrave Boulevard, Leicester LE4 2JA2
£302K12/221.33 mi16, Maple Road, Thurmaston, Leicester, Leicestershire LE4 8AJ2
£242K12/221.35 mi53, Wayside Drive, Thurmaston, Leicester, Leicestershire LE4 8JX2
£285K03/231.35 mi18, Maple Road, Thurmaston, Leicester, Leicestershire LE4 8AJ2
£180K03/231.36 mi24, Belgrave Boulevard, Leicester LE4 2JB2
£257K05/231.36 mi16, Thomson Close, Leicester LE4 7SX2
£175K11/211.39 mi49, Woodstock Road, Leicester LE4 2HJ2
£118K03/211.41 mi22, Wheatland Road, Leicester LE4 2NH2
£170K02/231.42 mi63, Woodstock Road, Leicester LE4 2HL2
£168K12/201.42 mi13, Spencer Avenue, Thurmaston, Leicester, Leicestershire LE4 8JW2
£167.5K01/211.43 mi64, Helena Crescent, Leicester LE4 2HA2
£205K07/231.43 mi28, Halifax Drive, Leicester LE4 2GT2
£125K02/211.43 mi36, Halifax Drive, Leicester LE4 2GT2

Local Rents

50 rents from £450/mo to £3.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,29512/240.04 mi-3
£1,29505/240.04 miLyngate Avenue, Birstall, Leicester, LE43
£1,35005/240.1 miLittle Connery Leys, Birstall3
£1,10012/240.14 mi-3
£1,10005/240.16 miCastlegate Avenue, Birstall, LE43
£1,25005/240.18 mi-3
£90012/240.2 mi-1
£1,30005/240.22 miBarngate Close, Leicester LE4 3GF3
£1,20012/240.27 mi-3
£1,10005/240.27 miHeathgate Close, Birstall3
£1,09505/240.28 miThe Meadway, Birstall, Leicester3
£85005/240.28 miGifford Close, Leicester, LE42
£1,20005/240.29 miSpinney Rise3
£72505/240.29 mi-1
£72505/240.3 miLong Roses Way, Birstall, Leicester, LE41
£1,45001/250.31 mi-4
£1,95012/240.34 mi-4
£1,85012/240.34 mi-4
£1,78012/240.34 mi-4
£1,95005/240.34 miBirstall, Birstall, LE44
£1,85005/240.34 miBirstall, Birstall, LE44
£1,50005/240.34 miLong Swath Way, Birstall, LEICESTER4
£1,30005/240.36 miWindmill Avenue, Birstall LE4 4JJ3
£1,35005/240.37 mi-4
£1,39505/240.37 miHallam Avenue, Birstall, 3
£70005/240.37 miStonehill Avenue, Birstall, LEICESTER, Leicestershire, LE41
£1,22505/240.42 miOakfield Avenue, Birstall, Leicester3
£1,05005/240.43 miBriargate Drive, Birstall LE4 3JA3
£1,29512/240.45 mi-3
£1,32505/240.48 miBarn Owl Road, Leicester3
£1,35001/250.55 mi-4
£1,40001/250.55 mi-4
£1,27512/240.55 mi-3
£1,30005/240.55 miLawn Avenue, Leicester, LE43
£90005/240.56 miMonarch Close, Birstall, LE43
£62505/240.6 miSibson Road, Birstall1
£95001/250.6 mi-3
£1,25005/240.61 miWorcester Avenue, Birstall, LE43
£55012/240.66 mi-3
£45001/250.66 mi-3
£1,79512/240.67 mi-4
£2,50005/240.69 miBirstall Road, Birstall, LE45
£2,50005/240.72 miBirstall Road, Birstall, Leicester LE4 4DJ5
£1,90005/240.74 miThe Granary 35 Rectory Road, Wanlip, Leicestershire4
£89505/240.82 mi-1
£2,95012/240.82 mi-5
£2,95010/240.82 mi-5
£3,50005/240.82 miNether Hall Lane, Birstall, Leicester, LE46
£2,95012/240.82 mi-5
£1,50012/240.84 mi-3

Local Area Statistics

Population in LE4

96,921

Population in Leicester

565,124

Town centre distance

3.86 miles away

Nearest school

0.30 miles away

Nearest train station

2.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £285,000

February 16, 2024

Floor Plans

Description

  • Birstall +
  • No Chain! +
  • 2 Double Bedrooms +
  • Large Lounge +
  • Conservatory +
  • Bathroom +
  • Garden +
  • Driveway +
  • Garage +
  • Virtual Tour Available +

Fair-Way Properties are pleased to offer this 2-bedroom detached bungalow located in the popular village of Birstall. The property is in a sought-after location due to it being located towards the bottom of the Gates estate within walking distance of 3 bus stops and is ideal for modernisation. The L shaped property benefits from a large reception room with dual aspect views, a UPVC conservatory overlooking the garden, and a good size kitchen. The property also benefits from 2 double bedrooms featuring built-in wardrobes and a family bathroom. To the front of the property, there is a block paved driveway with parking for up to 3 cars. To the side of the property behind a wooden gate there is a paved driveway providing further parking for up to 3 more cars that also leads to a freestanding single garage. To the rear of the property, there is a mature and established garden that is set around a central gravelled area. There is also a greenhouse located in the corner behind the garage. The property benefits from double glazing and also features gas central heating throughout.

Hallway: 4.10m x 3.20m (13'5" x 10'6"), The hallway provides access to all the main rooms of the property including the kitchen, lounge, two bedrooms and bathroom. It can be accessed via the main entrance through an aluminium door with a matching window either side. It also benefits from a gas central heating radiator and a storage cupboard.

Lounge: 3.40m x 6.70m (11'2" x 21'12"), The lounge can be accessed either from the hallway or through the double glazed sliding patio door from the conservatory. It benefits from a UPVC double glazed window overlooking the drive, 2 gas central heating radiators, an electric fire, and a serving hatch through to the kitchen.

Conservatory: 2.80m x 2.00m (9'2" x 6'7"), The conservatory benefits from UPVC double glazed windows, a polycarbonate roof, and a sliding double glazed patio door.

Kitchen: 4.90m x 2.90m (16'1" x 9'6"), The kitchen benefits from a range of base and wall units and a matching breakfast bar. There is a ceramic electric hob, with a visor extractor hood above, and a single built in electric oven. There are also spaces for a freestanding dishwasher, a freestanding fridge/freezer and a freestanding washing machine inside the pantry that also houses a modern combination gas boiler. The kitchen also features a UPVC double glazed window, an aluminium door to the rear driveway and 2 gas central heating radiators.

Bedroom 1: 3.65m x 3.65m (11'12" x 11'12"), Bedroom 1 is located to the front of the property with built-in wardrobes and cupboards on both sides of the room including a dressing table and 2 bedside tables. There is also a large UPVC double glazed window and a gas central heating radiator.

Bedroom 2: 4.00m x 3.00m (13'1" x 9'10"), Bedroom 2 is located to the middle of the property between the bathroom and kitchen. It benefits from built-in wardrobes either side of a space for a single bed with built-in cupboards overhead and bedside tables either side. There is also a large UPVC double glazed window and a gas central heating radiator.

Bathroom: 1.70m x 2.80m (5'7" x 9'2"), The bathroom has a matching pompadour coloured suite comprising of a bath with a mixer tap with shower hose, a wash hand basin with a matching pedestal, a bidet, and a matching toilet with a wooden seat. There are 2 UPVC double glazed windows both with privacy glass, and a gas central heating towel radiator.

Outside: To the front of the property, there is a block paved driveway with parking for up to 3 cars. To the side of the property behind a wooden gate there is a paved driveway providing further parking for up to 3 more cars that also leads to a freestanding single garage. To the rear of the property, there is a mature and established garden that is set around a central gravelled area. There is a greenhouse located in the corner behind the garage.

Council Tax: Band D

Agents Notes:
1: Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Fair-Way Properties has not tested any apparatus, equipment, fixtures, fittings or services and it is in the buyer's interest to check the working condition of any appliances.
6: Fair-Way Properties has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Fair-Way Properties, Birstall

0116 497 6794

Next Steps?

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