2 Bed Terraced House, Refurb/BRRR, Harrogate, HG1 4QA, £180,000

18 Albert Place, Harrogate, North Yorkshire, HG1 4QA - 10 months ago

Sold STC
Refurb/BRRR
85 m²
+14 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£34,000

Bridging Loan Interest

£4,725

Total Cash In

£92,075

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£242,924

Agent Fees (1%)

£2,429

Bridging Loan

£135,000

Bridging Loan Interest

£4,725

Flip Profit

£13,419













Local Rents

17 rents from £695/mo to £975/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£80005/240.03 miCamwal Terrace, Starbeck2
£80005/240.03 miCamwal Terrace, Starbeck2
£85005/240.04 mi-2
£85005/240.04 mi-2
£85005/240.04 mi-2
£85005/240.04 miCamwal Terrace, Harrogate, HG12
£85004/240.04 miCamwal Terrace, Harrogate, HG1 4PZ2
£77505/240.11 miSpa Terrace, Harrogate, HG2 7JH2
£97501/250.18 mi-2
£95005/240.19 miRegent Mount, Harrogate, North Yorkshire, HG12
£92512/240.23 mi-2
£92506/240.23 miDiamond Place, Harrogate, HG12
£85005/240.24 miMillfield Glade, Harrogate, North Yorkshire, HG22
£90004/240.26 mi-2
£69504/240.27 mi-2
£81004/240.28 miAvenue Street, Harrogate, North Yorkshire, UK, HG22
£81006/240.28 miAvenue Street, Harrogate, North Yorkshire, HG22

Local Area Statistics

Population in HG1

34,461

Population in Harrogate

93,832

Town centre distance

1.56 miles away

Nearest school

0.10 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £180,000

March 26, 2024

Sold for £128,000

2005

Sold for £104,500

2004

Sold for £39,000

1998

Floor Plans

Description

  • NO ONWARD CHAIN +
  • TWO DOUBLE BEDROOMS +
  • NOW IN NEED OF MODERNISATION +
  • QUIET RESIDENTIAL CUL-DE-SAC +
  • STONE'S THROW FROM AMENITIES AND STARBECK TRAIN STATION +

Offered for sale with no onward chain, this spacious two bedroom terraced home now in need of modernisation is conveniently located just a stone’s throw from a range of amenities and Starbeck Train Station. Benefitting from over 900 square feet of internal accommodation, the house opens via an entrance hall into a light and airy open plan living space consisting of a bay fronted sitting room and dining room large enough to accommodate a substantial table. To the rear elevation there is a fitted kitchen and useful separate utility room. An access door opens out to the private and enclosed courtyard garden. To the first floor, a split level landing branches firstly onto a large house bathroom with a separate shower enclosure, then up to two well proportioned double bedrooms.

EPC Rating: E

Agent Details

Myrings Estate Agents, Harrogate

01423 227715

Next Steps?

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