3 Bed Flat, Refurb/BRRR, South Shields, NE33 4RG, £65,000





ValuationFair Value
Sold Prices | £35K - £112K |
Sold Prices/m² | £479/m² - £1.4K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £699/m² |
Value Estimate | £65,000 |
| |
End Value (After Refurb) | £94,807 |
Uplift in Value | +46% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £16,250 |
Stamp Duty & Legal Fees | £3,150 |
Refurb Costs | £35,501 |
Bridging Loan Interest | £1,706 |
Total Cash In | £58,357 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £94,807 |
Mortgage (After Refinance) | £71,105 |
Mortgage LTV | 75% |
Cash Released | £22,355 |
Cash Left In | £36,002 |
Equity | £23,702 |
Rent Range | £550 - £3,300 |
Rent Estimate | £801 |
Running Costs/mo | £476 |
Cashflow/mo | £325 |
Cashflow/yr | £3,894 |
ROI | 7% |
Gross Yield | 15% |
Local Sold Prices
29 sold prices from £35K to £112K, average is £72.5K. £479/m² to £1.4K/m², average is £893/m².
Local Rents
28 rents from £550/mo to £3.3K/mo, average is £658/mo.
Local Area Statistics
Population in NE33 | 27,262 |
Population in South Shields | 79,432 |
Town centre distance | 0.71 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.16 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +19% |
Sales demand | Seller's market |
Capital growth (5yrs) | +8% |
Property History
Listed for £65,000
April 24, 2024
Description
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