3 Bed Semi-Detached House, Refurb/BRRR, Leicester, LE4 8GH, £240,000

Winster Drive, Thurmaston, LE4 8GH - 1 views - 7 months ago

Sold STC
Refurb/BRRR
~107 m²
+4 photos

ValuationFair Value

Sold Prices£117K - £550K
Sold Prices/m²£1.2K/m² - £4.3K/m²

 

 

Square Metres

~107.10 m²
Price/m²£2.2K/m²

Value Estimate

£242,400

 

 

End Value (After Refurb)

£286,430

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£42,291

Bridging Loan Interest

£6,300

Total Cash In

£118,741

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£286,430

Mortgage (After Refinance)

£214,823

Mortgage LTV

75%

Cash Released

£34,823

Cash Left In

£83,919

Equity

£71,608

Rent Range

£450 - £1,500

Rent Estimate

£1,129

Running Costs/mo

£1,141

Cashflow/mo

£-12

Cashflow/yr

£-144

Gross Yield

6%

Local Sold Prices

50 sold prices from £117K to £550K, average is £243.8K. £1.2K/m² to £4.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£300K12/220.08 mi6, Methuen Avenue, Thurmaston, Leicester, Leicestershire LE4 8FS3
£256K08/210.08 mi32, Methuen Avenue, Thurmaston, Leicester, Leicestershire LE4 8FS3
£200K07/210.08 mi14, Methuen Avenue, Thurmaston, Leicester LE4 8FS3
£195K08/210.11 mi5, Canal Street, Thurmaston, Leicester, Leicestershire LE4 8AA3
£158K06/230.17 mi13, Unicorn Street, Thurmaston, Leicester, Leicestershire LE4 8AW3
£223.2K06/210.17 mi19, Unicorn Street, Thurmaston, Leicester, Leicestershire LE4 8AW3
£370K04/230.19 mi2, Forest Avenue, Thurmaston, Leicester, Leicestershire LE4 8AD3
£230K11/200.19 mi13, Forest Avenue, Thurmaston, Leicester, Leicestershire LE4 8AD3
£296K01/230.19 mi4, Forest Avenue, Thurmaston, Leicester, Leicestershire LE4 8AD3
£225K01/230.31 mi9, Church Lane, Thurmaston, Leicester, Leicestershire LE4 8DR3
£200K03/210.41 mi19, Thorpe Field Drive, Thurmaston, Leicester, Leicestershire LE4 8GU3
£200K01/210.41 mi14, Thorpe Field Drive, Thurmaston, Leicester, Leicestershire LE4 8GU3
£239K07/230.42 mi28, Brook Street, Thurmaston, Leicester, Leicestershire LE4 8DA3
£312K07/210.42 mi67, Church Hill Road, Thurmaston, Leicester, Leicestershire LE4 8DF3
£285K03/230.45 mi52, Barkby Thorpe Lane, Thurmaston, Leicester, Leicestershire LE4 8GS3
£182K11/200.47 mi87, Thorpe Field Drive, Thurmaston, Leicester, Leicestershire LE4 8GW3
£220.5K12/200.48 mi19, Dovedale Road, Thurmaston, Leicester, Leicestershire LE4 8NA3
£240K11/210.5 mi20, Brackenfield Way, Thurmaston, Leicester, Leicestershire LE4 8GT3
£161K11/200.5 mi26, Brackenfield Way, Thurmaston, Leicester, Leicestershire LE4 8GT3
£283K01/210.52 mi59, Church Street, Thurmaston, Leicester, Leicestershire LE4 8DQ3
£212K01/210.54 mi140, Dovedale Road, Thurmaston, Leicester, Leicestershire LE4 8ND3
£217K11/200.61 mi8, Lyndale Close, Thurmaston, Leicester, Leicestershire LE4 8JL3
£163K11/200.61 mi80, Parkdale Road, Thurmaston, Leicester, Leicestershire LE4 8JR3
£197K02/210.62 mi39, Ivydale Road, Thurmaston, Leicester, Leicestershire LE4 8NF3
£280K11/210.7 mi162, Humberstone Lane, Thurmaston, Leicester, Leicestershire LE4 8HG3
£273K04/210.71 mi51, Fosse Way, Syston, Leicester, Leicestershire LE7 1NF3
£250K04/210.72 mi4, Ashmead Crescent, Birstall, Leicester, Leicestershire LE4 4GS3
£300K12/230.74 mi1020, Melton Road, Syston, Leicester, Leicestershire LE7 2NN3
£254K02/210.74 mi54, Lambourne Road, Birstall, Leicester, Leicestershire LE4 4FX3
£289K05/230.75 mi66, Fosse Way, Syston, Leicester, Leicestershire LE7 1NE3
£245K04/230.76 mi17, Westdown Drive, Thurmaston, Leicester, Leicestershire LE4 8HU3
£250K06/210.77 mi55, Allington Drive, Birstall, Leicester, Leicestershire LE4 4FD3
£245K04/210.78 mi12, Manor Road, Thurmaston, Leicester, Leicestershire LE4 8AG3
£290K02/230.78 mi1, Russett Way, Birstall, Leicester, Leicestershire LE4 4GX3
£255K03/230.78 mi14, Hartshorn Close, Thurmaston, Leicester, Leicestershire LE4 8LL3
£280K04/230.8 mi24, Bruxby Street, Syston, Leicester, Leicestershire LE7 1NB3
£237K01/210.8 mi24, Bruxby Street, Syston, Leicester, Leicestershire LE7 1NB3
£275K12/200.8 mi88, Barkby Lane, Syston, Leicester, Leicestershire LE7 2BB3
£270K06/230.81 mi37, Roundhill Close, Syston, Leicester, Leicestershire LE7 1PP3
£252.5K05/210.85 mi7, Thomson Close, Leicester LE4 7SX3
£290K05/210.85 mi14, Thomson Close, Leicester LE4 7SX3
£242.5K08/210.86 mi65, Blenheim Road, Birstall, Leicester, Leicestershire LE4 4FP3
£225K05/210.86 mi16, Dalby Avenue, Birstall, Leicester, Leicestershire LE4 4FQ3
£225K05/210.86 mi16, Dalby Avenue, Birstall, Leicester, Leicestershire LE4 4FQ3
£117K07/200.86 mi19a, Lambourne Road, Birstall, Leicester, Leicestershire LE4 4FW3
£345.7K06/230.87 mi3, Southdown Drive, Thurmaston, Leicester, Leicestershire LE4 8HS3
£220K05/210.9 mi151, Trevino Drive, Leicester LE4 7TR3
£220K12/200.92 mi182, Trevino Drive, Leicester LE4 7TR3
£550K03/210.93 mi3, Riverside Mews, Wanlip, Leicester, Leicestershire LE7 4PH3
£220K11/200.93 mi34, Haddon Close, Syston, Leicester, Leicestershire LE7 1HZ3

Local Rents

41 rents from £450/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,00005/240.07 miAlexandra Street, Thurmaston, Leicester3
£1,10005/240.09 miMelton Road, Thurmaston, LE43
£95005/240.1 miAlexandra Street, Leicester, LE43
£1,20005/240.16 miMargaret Close, Thurmaston, Leicester3
£1,30012/240.31 mi-3
£1,09505/240.48 miDovedale Road, Thurmaston, Leicester3
£1,09505/240.57 miLonsdale Road, Thurmaston, Leicester, LE43
£1,09512/240.57 mi-3
£1,19505/240.7 miHumberstone Lane3
£1,19505/240.7 miHumberstone Lane, Thurmaston, LEICESTER3
£1,25005/240.72 miWorcester Avenue, Birstall, LE43
£90005/240.76 miMonarch Close, Birstall, LE43
£55012/240.77 mi-3
£45001/250.77 mi-3
£1,25005/240.78 mi-3
£1,50001/250.78 mi-3
£1,40012/240.89 mi-3
£90012/240.89 mi-3
£1,30005/240.97 miWindmill Avenue, Birstall LE4 4JJ3
£1,30005/240.97 miColby Road, Thurmaston, LE43
£1,40001/250.98 mi-3
£1,19505/240.98 miSpinney Close3
£90012/240.99 miWolsey Way, Syston3
£1,20012/240.99 mi-3
£1,20005/240.99 miHerricks Avenue, Leicester, LE43
£1,30005/241.07 miLawn Avenue, Leicester, LE43
£1,27512/241.07 mi-3
£97512/241.07 miWolsey Way, Syston, LE7 1NP3
£1,29512/241.09 mi-3
£1,20012/241.13 mi-3
£99512/241.14 mi-3
£99512/241.14 miSt Columba Way, Leicester, LE73
£1,19505/241.14 miTrevino Drive, Leicester3
£1,50012/241.17 mi-3
£97505/241.18 miWren Close, Syston3
£1,09505/241.18 miThe Meadway, Birstall, Leicester3
£1,20001/251.19 mi-3
£1,15002/241.19 mi-3
£1,30012/241.19 mi-3
£87505/241.21 miSt. Peters Street, Syston, Leicester3
£1,10012/241.23 mi-3

Local Area Statistics

Population in LE4

96,921

Population in Leicester

565,124

Town centre distance

4.13 miles away

Nearest school

0.30 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £240,000

June 14, 2024

Floor Plans

Description

  • Extended Semi Detached Home +
  • Three Bedrooms +
  • Replaced Central Heating Boiler (Fitted 2021) +
  • Incredible Potential For Renovation & Extension (Subject to Consent) +
  • Within Walking Distance to Watermead Country Park +
  • Available With No Upward Chain +
  • Mature Rear Garden With Two Outbuildings +
  • Tenure - Freehold / Tax Band B +
  • EPC Rating D +
  • Viewings Strictly By Appointment Only! +

Extended to the rear, this three bedroom semi detached home offers swift access to Leicester and transport links as well as being within walking distance to local schooling and an array of shops available at Thurmaston Shopping Centre. Boasting incredible potential for renovation and further extensions subject to necessary consent, the accommodation boasts a replaced central heating boiler (Fitted 2021) and in more detail comprises of an entrance lobby, lounge, dining area open with the kitchen featuring a skylight, garden room, downstairs shower room and further reception room/potential downstairs bedroom. Upstairs are three bedrooms. There is a driveway to the front with gated access leading to a larger than normal mature lawned garden featuring two outbuildings. Available with no upward chain, an early viewing is highly recommended. EPC rating: D. Tenure: Freehold,

Agent Details

Newton Fallowell, Syston

0116 344 0110

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪