2 Bed Terraced House, Refurb/BRRR, Harrogate, HG3 5EA, £300,000

Wilsill, Harrogate, HG3 5EA - 9 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+16 photos

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.

PriceDateDistanceAddressBeds 
£237.5K03/210.28 miThe Bungalow, Raikes View, Wilsill, Harrogate, North Yorkshire HG3 5EG2
£225K12/200.56 mi4, Albert Terrace, Glasshouses, Harrogate, North Yorkshire HG3 5QN2
£260K09/230.59 mi2, Low Fold, Glasshouses, Harrogate, North Yorkshire HG3 5QG2
£245K08/200.86 mi4, Zetland Terrace, Low Laithe, Harrogate, North Yorkshire HG3 4DB2
£182K08/230.88 mi2, Rose Cottages, Low Laithe, Harrogate, North Yorkshire HG3 4DA2
£176.5K04/230.93 mi1, Pudsey Terrace, Low Laithe, Harrogate, North Yorkshire HG3 4BY2
£351K09/221.43 mi4, The Green, Bewerley, Harrogate, North Yorkshire HG3 5HU2
£185K09/201.44 mi4, High Row, Summerbridge, Harrogate, North Yorkshire HG3 4BS2
£220K10/231.55 mi3, Back High Street, Pateley Bridge, Harrogate, North Yorkshire HG3 5JT2
£157.5K10/211.59 mi1, Bridgehouse Gate, Pateley Bridge, Harrogate, North Yorkshire HG3 5HG2
£250K09/201.61 mi2, Little King Street, Pateley Bridge, Harrogate, North Yorkshire HG3 5AU2
£232.8K11/211.62 mi2, Millfield Street, Pateley Bridge, Harrogate, North Yorkshire HG3 5AY2
£205K11/211.62 mi4, Millfield Street, Pateley Bridge, Harrogate, North Yorkshire HG3 5AY2
£575K01/231.74 miBruce Cottage, Top Wath Road, Pateley Bridge, Harrogate, North Yorkshire HG3 5PG2
£350K11/211.8 miBarn Croft, Grange Lane, Dacre Banks, Harrogate, North Yorkshire HG3 4EF2
£186K01/211.84 miSylvandell, Hartwith Avenue, Summerbridge, Harrogate, North Yorkshire HG3 4HT2
£260K12/221.84 miShawburn, Hartwith Avenue, Summerbridge, Harrogate, North Yorkshire HG3 4HT2
£227.5K05/231.84 miOakdale, Hartwith Avenue, Summerbridge, Harrogate, North Yorkshire HG3 4HT2
£290K06/211.94 mi1 Roseville Cottages, Oak Lane, Dacre Banks, Harrogate, North Yorkshire HG3 4EN2

Local Rents

18 rents from £850/mo to £3.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50004/240.51 mi-3
£2,50005/240.51 mi-2
£2,50005/240.51 mi-2
£2,00004/230.53 mi-2
£2,31004/240.98 miHarewell Lane, Dacre Banks, Harrogate, North Yorkshire, UK, HG34
£90010/231.44 mi-3
£85006/241.44 mi-3
£1,39511/231.5 miBishop Garth, Pateley Bridge, Harrogate, HG33
£97504/241.51 miKing Street, Pateley Bridge, Harrogate, North Yorkshire, UK, HG34
£3,00004/241.51 mi-4
£3,25007/241.51 mi-4
£1,99512/231.56 miPoppyfields, Summerbridge, Harrogate, HG35
£85004/241.58 miKing Street, Pateley Bridge3
£1,29501/251.72 mi-3
£99507/241.84 mi-3
£1,60004/241.97 miThe Crescent, Summerbridge, Harrogate5
£1,70012/241.99 miLow Wath Road, Pateley Bridge, Harrogate, North Yorkshire, UK, HG33
£1,30002/242.45 mi-1

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

  • CHARMING PERIOD COTTAGE WITH PICTURESQUE VIEWS OF ROLLING COUNTRYSIDE +
  • REQUIRES MODERNIZATION BUT OFFERS OVER 1100 SQUARE FEET OF INTERNAL ACCOMMODATION +
  • FEATURES INCLUDE A SIZEABLE GARDEN WITH A SIDE WALLED PADDOCK AND OFF-ROAD PARKING +
  • SHORT DRIVE OF A RANGE OF LOCAL AMENITIES +

This delightful period cottage boasts beautiful elevated views over rolling countryside. Now in need of some general modernisation, the property offers over 1100 square feet of accommodation and a sizeable garden including a side walled paddock and off road parking. The property was a former Barn for the nearby Farm converted in the 1960’s and split into two properties. The front door opens into a large reception room spanning the entire width of the house. Branching off to the right there is a fitted kitchen complete with a range of units. A rear entrance hall provides access into a useful storage cupboard, downstairs w/c and a staircase leading to the two double bedrooms both enjoying fantastic elevated views and the house bathroom on the first floor. To the left of the reception room is a sun room with a feature spiral staircase leading up to a room ideal as a home office/study. Externally there is an adjoining storage room perfect for garden furniture and equipment. The private gardens are primarily laid to lawn with stocked, colourful borders and various areas to sit and enjoy the sun throughout the day. The adjoining paddock provides an additional area for green fingered enthusiasts!

Agent Details

Myrings Estate Agents, Harrogate

01423 227715

Next Steps?

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