2 Bed Terraced House, Refurb/BRRR, Leicester, LE4 5BN, £240,000

212 COOPER STREET, BELGRAVE, LEICESTER, LE4 5BN - 10 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£117K - £270K
Sold Prices/m²£975/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£196,700

 

 

End Value (After Refurb)

£240,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£26,896

Bridging Loan Interest

£6,300

Total Cash In

£103,346

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£240,000

Mortgage (After Refinance)

£180,000

Mortgage LTV

75%

Cash Left In

£103,346

Equity

£60,000

Rent Range

£847 - £1,250

Rent Estimate

£1,021

Running Costs/mo

£974

Cashflow/mo

£47

Cashflow/yr

£564

ROI

1%

Gross Yield

5%

Local Sold Prices

43 sold prices from £117K to £270K, average is £205K. £975/m² to £4.7K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£235K05/230.07 mi92, Bruin Street, Leicester LE4 5AY2
£225K05/230.07 mi112, Bruin Street, Leicester LE4 5AY2
£210K02/230.29 mi88, Down Street, Leicester LE4 6JE2
£205.5K05/210.35 mi103, Halkin Street, Leicester LE4 6JY2
£240K05/230.4 mi73, Acorn Street, Leicester LE4 6NB2
£210K08/210.42 mi15, Jeremy Close, Leicester LE4 5DX2
£205K01/230.42 mi38, Jeremy Close, Leicester LE4 5DX2
£203K06/230.49 mi10, Anchor Street, Leicester LE4 5PU2
£240K08/210.49 mi28, Flax Road, Leicester LE4 6QD2
£250K05/230.52 mi45, Checketts Close, Leicester LE4 5EU2
£195K05/210.52 mi51, Surrey Street, Leicester LE4 6FL2
£190K02/210.53 mi160, Surrey Street, Leicester LE4 6FH2
£245K01/230.53 mi162, Surrey Street, Leicester LE4 6FH2
£201K12/200.54 mi288, Harrison Road, Leicester LE4 6QL2
£145K12/200.56 mi60, Beaumanor Road, Leicester LE4 5QA2
£163K11/200.59 mi266, Abbey Lane, Leicester LE4 2AA2
£117K02/230.59 mi282, Abbey Lane, Leicester LE4 2AA2
£180K05/210.61 mi14, Marfitt Street, Leicester LE4 6RN2
£143K09/220.62 mi1, Russell Square, Leicester LE1 2DS2
£230K12/220.63 mi17, St Michaels Avenue, Leicester LE4 7AH2
£135K04/230.66 mi199, Beaumanor Road, Leicester LE4 5QE2
£145K04/210.66 mi187, Beaumanor Road, Leicester LE4 5QE2
£140K11/210.67 mi262, Beaumanor Road, Leicester LE4 5QB2
£256K05/230.68 mi78, Woodbridge Road, Leicester LE4 7RG2
£225K10/210.68 mi19, Berridge Lane, Leicester LE4 7QB2
£270K01/230.68 mi60, Highbury Road, Leicester LE4 6FT2
£140K09/210.68 mi60, Highbury Road, Leicester LE4 6FT2
£250K06/230.69 mi95, Woodbridge Road, Leicester LE4 7RJ2
£167K11/210.71 mi145, Harrington Street, Leicester LE4 6ET2
£245K02/230.76 mi23, Elsadene Avenue, Leicester LE4 7QT2
£205K10/210.77 mi228, Martin Street, Leicester LE4 6EU2
£265K10/210.77 mi41, Clarke Street, Leicester LE4 7NB2
£175K04/210.78 mi9, Abbey Drive, Leicester LE4 2AL2
£149K03/210.85 mi12, Farringdon Street, Leicester LE5 0EA2
£210K07/230.9 mi17, Galleywood Drive, Leicester LE4 0NH2
£244K12/220.91 mi36, Willow Brook Road, Leicester LE5 0FE2
£270K05/230.92 mi26, Rosedale Avenue, Leicester LE4 7AU2
£213K05/230.92 mi103, Jean Drive, Leicester LE4 0GE2
£200K09/210.93 mi141, Prestwold Road, Leicester LE5 0EZ2
£220K03/210.93 mi85, Prestwold Road, Leicester LE5 0EZ2
£175K11/200.95 mi123, Prestwold Road, Leicester LE5 0EZ2
£185K12/211 mi36, Hipwell Crescent, Leicester LE4 2DL2
£167.5K01/211 mi64, Helena Crescent, Leicester LE4 2HA2

Local Rents

33 rents from £847/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95012/240.02 mi-2
£1,00012/240.17 mi-2
£97505/240.19 miKensington Street, Leicester2
£90005/240.22 miCharles Bennion Walk, Leicester2
£1,20001/250.22 mi-2
£1,20012/240.23 mi-2
£1,25012/240.23 mi-2
£1,25012/240.23 mi-2
£1,19512/240.25 mi-2
£84705/240.26 miAbbey Meadows, Leicester, Leicestershire, LE42
£1,20001/250.26 mi-2
£1,20012/240.27 mi-2
£1,07512/240.3 mi-2
£1,05005/240.3 miRocket Studios, Leicester, LE42
£1,03012/240.31 mi-2
£1,00005/240.31 miHarrison Road, Leicester2
£99505/240.36 miBurfield Street, Leicester2
£1,17505/240.37 miAbbey Park Road, LEICESTER2
£1,00012/240.38 mi-2
£95005/240.43 miLeire Street, Leicester2
£85012/240.45 mi-2
£1,10012/240.47 mi-2
£1,10001/250.47 mi-2
£95005/240.48 miFlax Road, LEICESTER2
£87505/240.48 miBelgrave Avenue, Leicester2
£90001/250.49 mi-2
£90005/240.49 miVicarage Lane, Leicester2
£1,05012/240.5 mi-2
£97505/240.51 miAnchor Street, Belgrave, Leicester, LE42
£1,20012/240.53 mi-2
£1,10012/240.53 mi-2
£1,10012/240.53 mi-2
£1,05012/240.61 mi-2

Local Area Statistics

Population in LE4

96,921

Population in Leicester

565,124

Town centre distance

1.65 miles away

Nearest school

0.10 miles away

Nearest train station

1.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £240,000

March 28, 2024

Floor Plans

Description

  • Newly Renovated +
  • Two Bedrooms +
  • Terraced Home +
  • Two Reception Rooms +
  • Downstairs W/C +
  • Double Glazed +
  • Gas Powered Combination Boiler +
  • Freehold +
  • No Chain +
  • Ideal for First Time Buyer or Investors +

* NEWLY RENOVATED 2-BEDROOM TERRACED HOUSE - BELGRAVE - IDEAL FIRST TIME BUY OR INVESTMENT - NO CHAIN *

Presenting this newly renovated 2-bedroom terraced house in the highly sought-after Belgrave area, ideal for first-time buyers or investors. Upon entering, you're greeted by a front lounge leading seamlessly to a dining room, continuing through, you'll discover the newly fitted kitchen, providing a modern and functional space. Additionally the property features a W/C located on the ground floor.

Upstairs, the property features two generously sized bedrooms and a newly fitted bathroom. Noteworthy features include full double glazing, a gas-powered combination boiler, and brand-new flooring, enhancing the property's appeal and functionality.

Externally, a rear garden provides a private outdoor retreat. With its desirable location and recent renovations, this property presents an excellent opportunity for those seeking a comfortable and contemporary living space in the heart of Belgrave.

Lounge - 3.45 x 3.32 (11'3" x 10'10") - Carpeted flooring, radiator, double-glazed window facing the front aspect, leading to the sitting room

Sitting Room - 3.43 x 3.32 (11'3" x 10'10") - Carpeted flooring, store located under the stairs, stairs leading to the first floor, radiator, double glazed window facing the rear aspect, leading to the kitchen

Kitchen - 5.31 x 1.71 (17'5" x 5'7") - Tiled flooring, partially tiled walls, uPVC door leading to the garden, base and eye level units, gas-powered combination boiler, 2X double glazed window facing the side aspect, radiator, stainless steel sink.

W/C - Tiled walls, toilet.

First Floor -

Landing - Carpeted flooring, providing access to all rooms on the first floor and loft

Bedroom 1 - 3.46 x 3.37 (11'4" x 11'0") - Carpeted flooring, radiator, double glazed window facing the front aspect

Bedroom 2 - 3.42 x 2.90 (11'2" x 9'6") - Carpeted flooring, radiator, storage cupboard located over the stairs, double glazed window facing the rear aspect.

Bathroom - Vinyl flooring, radiator, toilet, wash hand basin, tiled walls, storage cupboard, polyvinyl bathtub, double glazed window facing the rear aspect.

Outside -

Freehold -

Council Tax Band - A -

Additional Information - Tenure: Freehold
EPC rating: D
Council Tax Band: A
Council Tax Rate: £1,457.01
Mains Gas: Yes
Mains Electricity: Yes
Mains Water: Yes
Mains Drainage: Yes
Broadband availability: Fibre

Agent Details

Seths Estate & Letting Agents, Leicester

0116 216 5283

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪