5 Bed Detached House, Cash/Bridging Only, Herne Bay, CT6 8SJ, £450,000





ValuationFair Value
Sold Prices | £140K - £762.5K |
Sold Prices/m² | £2.2K/m² - £5.3K/m² |
| |
Square Metres | ~254.18 m² |
Price/m² | £1.8K/m² |
Value Estimate | £454,500 |
| |
End Value (After Refurb) | £942,203 |
Uplift in Value | +109% |
You could potentially get back more cash than you put into this deal. All your cash out plus £97,255 extra. See the breakdown |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £112,500 |
Stamp Duty & Legal Fees | £24,700 |
Refurb Costs | £121,134 |
Bridging Loan Interest | £11,813 |
Total Cash In | £271,897 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Estimated Sale Price | £942,203 |
Agent Fees (1%) | £9,422 |
Bridging Loan | £337,500 |
Bridging Loan Interest | £11,813 |
Flip Profit | £323,384 |
Local Sold Prices
29 sold prices from £140K to £762.5K, average is £525K. £2.2K/m² to £5.3K/m², average is £3.5K/m².
Local Rents
16 rents from £1.3K/mo to £3K/mo, average is £1.6K/mo.
Local Area Statistics
Population in ct6 | 38,589 |
Population in Herne Bay | 38,592 |
Town centre distance | 0.94 miles away |
Nearest school | 0.40 miles away |
Nearest train station | 0.36 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +2% |
Sales demand | Balanced market |
Capital growth (5yrs) | +21% |
Property History
Price changed to £450,000
November 8, 2024
Price changed to £475,000
October 23, 2024
Listed for £500,000
May 21, 2024
Floor Plans



Description
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