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2 Bed Terraced House, Refurb/BRRR, Harrogate, HG3 5EA, £300,000
ValuationOvervalued
Sold Prices | £157.5K - £575K |
Sold Prices/m² | £2K/m² - £4.8K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £4.4K/m² |
Value Estimate | £191,250 |
| |
End Value (After Refurb) | £287,500 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £75,000 |
Stamp Duty & Legal Fees | £12,700 |
Refurb Costs | £26,798 |
Bridging Loan Interest | £7,875 |
Total Cash In | £124,123 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £287,500 |
Mortgage (After Refinance) | £215,625 |
Mortgage LTV | 75% |
Cash Left In | £124,123 |
Equity | £71,875 |
Rent Range | £850 - £3,250 |
Rent Estimate | £1,742 |
Running Costs/mo | £1,267 |
Cashflow/mo | £475 |
Cashflow/yr | £5,702 |
ROI | 5% |
Gross Yield | 7% |
Local Sold Prices
19 sold prices from £157.5K to £575K, average is £232.8K. £2K/m² to £4.8K/m², average is £3K/m².
Local Rents
18 rents from £850/mo to £3.3K/mo, average is £1.6K/mo.
Local Area Statistics
Population in HG3 | 26,331 |
Population in Harrogate | 93,832 |
Town centre distance | 9.89 miles away |
Nearest school | 0.50 miles away |
Nearest train station | 9.60 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +28% |
Sales demand | Balanced market |
Property History
Listed for £300,000
April 10, 2024
Floor Plans
Description
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