6 Bed Terraced House, Refurb/BRRR, Morecambe, LA3 1TU, £179,950





ValuationFair Value
Sold Prices | £180K - £620K |
Sold Prices/m² | £1K/m² - £2.3K/m² |
| |
Square Metres | ~186 m² |
Price/m² | £967/m² |
Value Estimate | £179,950 |
| |
End Value (After Refurb) | £243,378 |
Uplift in Value | +35% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £44,988 |
Stamp Duty & Legal Fees | £6,599 |
Refurb Costs | £75,200 |
Bridging Loan Interest | £4,724 |
Total Cash In | £133,260 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £243,378 |
Mortgage (After Refinance) | £182,534 |
Mortgage LTV | 75% |
Cash Released | £47,571 |
Cash Left In | £85,688 |
Equity | £60,845 |
Rent Range | £750 - £1,550 |
Rent Estimate | £978 |
Running Costs/mo | £976 |
Cashflow/mo | £2 |
Cashflow/yr | £22 |
ROI | 0% |
Gross Yield | 7% |
Local Sold Prices
10 sold prices from £180K to £620K, average is £298K. £1K/m² to £2.3K/m², average is £1.3K/m².
Local Rents
21 rents from £750/mo to £1.6K/mo, average is £950/mo.
Local Area Statistics
Population in LA3 | 24,587 |
Population in Morecambe | 50,836 |
Town centre distance | 1.20 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.87 miles away |
| |
Rental growth (12m) | -2% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +31% |
Property History
Price changed to £179,950
September 25, 2024
Listed for £185,000
May 16, 2024
Floor Plans

Description
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