This property was removed from Dealsourcr.
3 Bed Terraced House, Refurb/BRRR, Grimsby, DN32 9NH, £85,000
ValuationFair Value
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £21,250 |
Stamp Duty & Legal Fees | £3,750 |
Refurb Costs | £41,840 |
Bridging Loan Interest | £2,231 |
Total Cash In | £70,822 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £113,643 |
Mortgage (After Refinance) | £85,232 |
Mortgage LTV | 75% |
Cash Released | £21,482 |
Cash Left In | £49,340 |
Equity | £28,411 |
Rent Range | £495 - £1,970 |
Rent Estimate | £627 |
Running Costs/mo | £501 |
Cashflow/mo | £126 |
Cashflow/yr | £1,518 |
ROI | 2% |
Gross Yield | 9% |
Local Rents
51 rents from £495/mo to £2K/mo, average is £625/mo.
Local Area Statistics
Population in DN32 | 29,050 |
Population in Grimsby | 124,581 |
Town centre distance | 0.91 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.82 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +5% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +6% |
Property History
Listed for £85,000
April 22, 2024
Floor Plans
Description
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