2 Bed Flat, Cash/Bridging Only, Consett, DH8 8TU, £69,950





ValuationUndervalued
Sold Prices | £34K - £280.8K |
Sold Prices/m² | £582/m² - £3.9K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1K/m² |
Value Estimate | £72,049 |
BMV | 3% |
| |
End Value (After Refurb) | £84,798 |
Uplift in Value | +21% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £17,488 |
Stamp Duty & Legal Fees | £4,698 |
Refurb Costs | £26,141 |
Bridging Loan Interest | £1,836 |
Total Cash In | £51,913 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £84,798 |
Mortgage (After Refinance) | £63,599 |
Mortgage LTV | 75% |
Cash Released | £11,136 |
Cash Left In | £40,776 |
Equity | £21,200 |
Rent Range | £475 - £750 |
Rent Estimate | £550 |
Running Costs/mo | £395 |
Cashflow/mo | £155 |
Cashflow/yr | £1,860 |
ROI | 4% |
Gross Yield | 9% |
Local Sold Prices
20 sold prices from £34K to £280.8K, average is £59.3K. £582/m² to £3.9K/m², average is £1.1K/m².
Local Rents
10 rents from £475/mo to £750/mo, average is £688/mo.
Local Area Statistics
Population in DH8 | 38,324 |
Population in Consett | 38,379 |
Town centre distance | 0.54 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 6.60 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | +9% |
Sales demand | Seller's market |
Capital growth (5yrs) | +14% |
Property History
Price changed to £69,950
December 6, 2024
Listed for £75,000
May 3, 2024
Floor Plans

Description
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