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2 Bed Terraced House, Refurb/BRRR, Leicester, LE4 5BN, £240,000
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.
Local Rents
33 rents from £847/mo to £1.3K/mo, average is £1.1K/mo.
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
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