3 Bed Semi-Detached House, Refurb/BRRR, Leicester, LE4 0FH, £210,000

213 Anstey Lane, Leicester, LE4 0FH - 8 months ago

Refurb/BRRR
ROI: 3%
84 m²
+16 photos

ValuationOvervalued

Sold Prices£118.9K - £330K
Sold Prices/m²£1.7K/m² - £3.7K/m²

 

 

Square Metres

84 m²
Price/m²£2.5K/m²

Value Estimate

£187,000

 

 

End Value (After Refurb)

£208,118

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£33,170

Bridging Loan Interest

£5,513

Total Cash In

£100,432

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£208,118

Mortgage (After Refinance)

£156,089

Mortgage LTV

75%

Cash Left In

£100,432

Equity

£52,030

Rent Range

£900 - £1,600

Rent Estimate

£1,100

Running Costs/mo

£890

Cashflow/mo

£210

Cashflow/yr

£2,516

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £118.9K to £330K, average is £235K. £1.7K/m² to £3.7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£298K06/230 mi211, Anstey Lane, Leicester LE4 0FH3
£118.9K11/210.06 mi6, Silbury Road, Leicester LE4 0GW3
£235K07/210.09 mi154, Anstey Lane, Leicester LE4 0FD3
£300K09/210.09 mi156, Anstey Lane, Leicester LE4 0FD3
£205K07/210.11 mi36, Newstead Avenue, Leicester LE3 9TB3
£245K01/210.12 mi30, Courtenay Road, Leicester LE3 9TA3
£280K06/230.12 mi32, Courtenay Road, Leicester LE3 9TA3
£234K01/210.12 mi10, Avebury Avenue, Leicester LE4 0FN3
£225.5K09/210.13 mi8, Stoneleigh Way, Leicester LE3 9TD3
£187.5K03/210.14 mi16, Ranton Way, Leicester LE3 9TH3
£226K01/210.14 mi38, Ranton Way, Leicester LE3 9TH3
£302.5K09/210.15 mi20, Savernake Road, Leicester LE4 0GT3
£302K03/230.18 mi3, Mendip Avenue, Leicester LE4 0GH3
£288K06/230.18 mi5, Mendip Avenue, Leicester LE4 0GH3
£225K12/200.19 mi34, Avebury Avenue, Leicester LE4 0FP3
£235K03/230.19 mi23, Whitley Close, Leicester LE3 9TF3
£207K04/210.2 mi15, Wroxall Way, Leicester LE3 9TL3
£192K03/210.23 mi18, Combe Close, Leicester LE3 9TJ3
£299.9K06/230.23 mi12, Combe Close, Leicester LE3 9TJ3
£288K08/210.24 mi26, St Helens Drive, Leicester LE4 0GS3
£210K06/210.25 mi20, Brading Road, Leicester LE3 9BG3
£265K11/200.25 mi26, Brading Road, Leicester LE3 9BG3
£295K09/210.25 mi66, Anstey Lane, Leicester LE4 0FB3
£265K04/230.25 mi84, Anstey Lane, Leicester LE4 0FB3
£235K07/210.28 mi4, Mary Road, Leicester LE3 9BQ3
£205K12/200.3 mi83, Buckminster Road, Leicester LE3 9AT3
£290K06/230.31 mi90, Buckminster Road, Leicester LE3 9AS3
£212K05/210.32 mi40, Buckminster Road, Leicester LE3 9AS3
£165K03/210.33 mi14, Totland Road, Leicester LE3 9AL3
£295K01/230.33 mi59, Jean Drive, Leicester LE4 0GE3
£270K12/220.34 mi4, Minster Crescent, Leicester LE4 0JA3
£223K11/210.34 mi17, Stokes Drive, Leicester LE3 9BR3
£140K07/230.35 mi56, Jean Drive, Leicester LE4 0GD3
£280K04/230.35 mi76, Jean Drive, Leicester LE4 0GD3
£190K03/230.41 mi57, Groby Road, Leicester LE3 9EE3
£263K07/230.42 mi26, Burnham Drive, Leicester LE4 0HN3
£230K09/210.44 mi22, Cornwall Road, Leicester LE4 0BA3
£285K04/230.44 mi10, Cheltenham Road, Leicester LE4 0LB3
£173K11/200.45 mi24, Brian Road, Leicester LE4 0AY3
£330K02/230.46 mi40, Darlington Road, Leicester LE3 9BJ3
£224K03/210.46 mi20, Danbury Drive, Leicester LE4 0NN3
£230K06/210.46 mi30, Wiltshire Road, Leicester LE4 0JT3
£265K02/230.47 mi33, Brian Road, Leicester LE4 0AZ3
£249K04/230.48 mi23, Wylam Close, Leicester LE3 9BW3
£190K12/200.49 mi24, Great Meadow Road, Leicester LE4 0QA3
£220K05/210.49 mi10, Great Meadow Road, Leicester LE4 0QA3
£210.5K07/210.49 mi264, Blackbird Road, Leicester LE4 0AG3
£320K02/230.49 mi17, Shottens Close, Leicester LE4 0QB3
£220K03/210.52 mi25, Galleywood Drive, Leicester LE4 0NH3
£285K07/230.52 mi213, Blackbird Road, Leicester LE4 0AN3

Local Rents

15 rents from £900/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.1 mi-3
£1,00005/240.1 miNewstead Avenue, Leicester3
£1,60012/240.29 mi-3
£1,20001/250.32 mi-3
£1,60012/240.45 mi-3
£1,05005/240.49 mi-3
£1,20005/240.52 miBlackbird Road, Leicester, LE4 0AN3
£1,10005/240.53 mi-3
£1,20001/250.53 mi-3
£1,09505/240.54 mi-3
£97505/240.58 miBalfour Street, LE3, Woodgate, Leicester3
£90012/240.58 mi-3
£1,00005/240.59 miSheringham Road Leicester LE4 0JQ3
£1,05001/240.61 mi-3
£1,13012/240.62 mi-3

Local Area Statistics

Population in LE4

96,921

Population in Leicester

565,124

Town centre distance

1.69 miles away

Nearest school

0.10 miles away

Nearest train station

1.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £210,000

June 5, 2024

Sold for £148,000

2015

Sold for £57,000

2000

Description

  • GUIDE PRICE - £210,000 - £235,000 +
  • Three Bedroom Semi-Detached House +
  • Extension to the Rear +
  • Two Reception Rooms & Extended Area +
  • Good Sized Kitchen & Utility Room +
  • Front & Rear Raised Gardens +
  • Parking Area to Rear +
  • Close to Amenities, Good Schools & Road/Public Transport Links +
  • Easy Access into Leicester City Centre +
  • Opportunity for Further Modernisation +

A spacious refurbished three bedroom semi-detached property benefitting from an extension to the rear, providing great potential to suit first time buyers, families and investors, located in a pleasant residential area within easy access to Leicester City Centre, Beaumont Leys Shopping and the A46. Internally and to the ground floor there is an entrance porch leading to the hall with the staircase to the first floor landing, a spacious bay fronted lounge with a feature fireplace, a dining room with a feature fireplace opening to the rear extension with further space for furniture for a range of uses and a good sized kitchen with a utility area to the rear extension.  To the first floor there are two large double sized bedrooms, one of which is bay fronted with fitted wardrobes, a single bedroom and a family bathroom. Externally and to the front a set of stone steps lead up to the raised foregarden with mature plants, shrubs, hedges and trees, and to the rear is a hardstanding area with steps to a raised lawned garden with plant beds and shrubs which would benefit from being revamped, and there is also access to a parking area providing spacious off-road parking space. Early viewing is highly recommended due to the property being realistically priced. ADDITIONAL INFORMATION: Council Tax Band: C Local Authority: Leicester (city of)

Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

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