2 Bed Terraced House, Refurb/BRRR, Harrogate, HG1 4NR, £200,000

41 Burke Street, Harrogate, North Yorkshire, HG1 4NR - 2 views - 7 months ago

Sold STC
Refurb/BRRR
~90 m²
+5 photos

ValuationFair Value

Sold Prices£125K - £340K
Sold Prices/m²£1.8K/m² - £4.5K/m²

 

 

Square Metres

~90.40 m²
Price/m²£2.2K/m²

Value Estimate

£202,000

 

 

End Value (After Refurb)

£258,561

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£36,160

Bridging Loan Interest

£5,250

Total Cash In

£100,360

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£258,561

Mortgage (After Refinance)

£193,921

Mortgage LTV

75%

Cash Released

£43,921

Cash Left In

£56,439

Equity

£64,640

Rent Range

£700 - £2,760

Rent Estimate

£1,055

Running Costs/mo

£1,039

Cashflow/mo

£16

Cashflow/yr

£192

ROI

0%

Gross Yield

6%

Local Sold Prices

51 sold prices from £125K to £340K, average is £199.9K. £1.8K/m² to £4.5K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£231.5K06/230.06 mi22, Cecil Street, Harrogate, North Yorkshire HG1 4NP2
£215K06/240.06 mi38, Cecil Street, Harrogate, North Yorkshire HG1 4NP2
£190K12/200.07 mi6, Albany Avenue, Harrogate, North Yorkshire HG1 4NH2
£165K02/240.08 mi96, King Edwards Drive, Harrogate, North Yorkshire HG1 4HN2
£161.8K05/230.09 mi35, King Edwards Drive, Harrogate, North Yorkshire HG1 4HA2
£215K01/210.11 mi27, Albert Road, Harrogate, North Yorkshire HG1 4HX2
£290K08/240.11 mi19, Albert Road, Harrogate, North Yorkshire HG1 4HX2
£213K07/240.11 mi53, Albert Road, Harrogate, North Yorkshire HG1 4HX2
£188K10/230.12 mi52, Church Avenue, Harrogate, North Yorkshire HG1 4HG2
£163K11/230.15 mi14, Woodfield Avenue, Harrogate, North Yorkshire HG1 4LU2
£233K05/240.19 mi6, Charles Avenue, Harrogate, North Yorkshire HG1 4PE2
£240K05/240.19 mi36, Charles Avenue, Harrogate, North Yorkshire HG1 4PE2
£171.5K02/210.19 miDerry House, 96, Butler Road, Harrogate, North Yorkshire HG1 4PF2
£170K08/210.19 mi46, Butler Road, Harrogate, North Yorkshire HG1 4PF2
£151K11/210.19 mi12, Butler Road, Harrogate, North Yorkshire HG1 4PF2
£180.5K09/230.19 mi54, Butler Road, Harrogate, North Yorkshire HG1 4PF2
£340K09/210.19 mi7, Bilton Grove Avenue, Harrogate, North Yorkshire HG1 4HJ2
£193.5K07/240.2 mi9, Bilton Lane, Harrogate, North Yorkshire HG1 3DP2
£199.9K02/230.2 mi9, Unity Grove, Harrogate, North Yorkshire HG1 2AQ2
£280K06/230.21 mi7, Unity Grove, Harrogate, North Yorkshire HG1 2AQ2
£235K01/240.22 mi14, Skipton Street, Harrogate, North Yorkshire HG1 5JF2
£161K06/240.22 mi148, King Edwards Drive, Harrogate, North Yorkshire HG1 4HW2
£230K06/230.24 mi12, Dawson Terrace, Harrogate, North Yorkshire HG1 2AW2
£230K06/230.24 mi12, Dawson Terrace, Harrogate, North Yorkshire HG1 2AW2
£165K07/210.24 mi26, Willow Grove, Harrogate, North Yorkshire HG1 4HP2
£182.6K08/210.24 mi42, Willow Grove, Harrogate, North Yorkshire HG1 4HP2
£167K09/210.24 mi28, Willow Grove, Harrogate, North Yorkshire HG1 4HP2
£180K11/210.24 mi29, Willow Grove, Harrogate, North Yorkshire HG1 4HP2
£185K09/210.24 mi44, Willow Grove, Harrogate, North Yorkshire HG1 4HP2
£205K12/220.24 mi12, Willow Grove, Harrogate, North Yorkshire HG1 4HP2
£199K09/230.24 mi50, Willow Grove, Harrogate, North Yorkshire HG1 4HP2
£220K11/230.24 mi22, Willow Grove, Harrogate, North Yorkshire HG1 4HP2
£205K11/230.24 mi3, Willow Grove, Harrogate, North Yorkshire HG1 4HP2
£195K02/240.24 mi31, Willow Grove, Harrogate, North Yorkshire HG1 4HP2
£200K06/240.25 mi5, Roberts Square, Harrogate, North Yorkshire HG1 2AZ2
£155K11/200.25 mi7, Poplar Grove, Harrogate, North Yorkshire HG1 4PL2
£225K10/210.25 mi55a, Poplar Grove, Harrogate, North Yorkshire HG1 4PL2
£235K04/230.26 mi22, Bilton Drive, Harrogate, North Yorkshire HG1 2AH2
£176K06/210.27 mi24, Birch Grove, Harrogate, North Yorkshire HG1 4HR2
£143K01/230.27 mi4, Birch Grove, Harrogate, North Yorkshire HG1 4HR2
£125K09/230.27 mi48, Birch Grove, Harrogate, North Yorkshire HG1 4HR2
£197K05/240.27 mi17, Birch Grove, Harrogate, North Yorkshire HG1 4HR2
£188.5K06/210.27 mi24, Craven Street, Harrogate, North Yorkshire HG1 5JE2
£235K07/240.27 mi23, Craven Street, Harrogate, North Yorkshire HG1 5JE2
£320K11/210.27 mi13, Chestnut Grove, Harrogate, North Yorkshire HG1 4HS2
£200K07/230.28 mi17, Chatsworth Road, Harrogate, North Yorkshire HG1 5HX2
£238.6K09/210.3 mi40, Grove Park Avenue, Harrogate, North Yorkshire HG1 4BU2
£180K01/210.31 mi1, French Street, Harrogate, North Yorkshire HG1 4DA2
£239.9K05/210.31 mi6, Dixon Terrace, Harrogate, North Yorkshire HG1 2AP2
£235K05/240.31 mi45, Dixon Terrace, Harrogate, North Yorkshire HG1 2AP2
£270K03/210.31 mi190, Skipton Road, Harrogate, North Yorkshire HG1 3EZ2

Local Rents

50 rents from £700/mo to £2.8K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95004/240.06 miCecil Street, Harrogate, North Yorkshire2
£1,09504/240.11 miRawson Street, Harrogate, HG12
£97505/240.13 mi-2
£81004/240.17 mi-2
£89505/240.2 miButler Road, Harrogate, HG1 4PF2
£1,00004/240.21 miSkipton Street, Harrogate, North Yorkshire2
£92504/240.22 miKing Edwards Drive, HARROGATE2
£95005/240.24 miKings Road, Harrogate, HG12
£95005/240.24 miKings Road, Harrogate, HG12
£82504/240.24 miButler Road, Harrogate, North Yorkshire, HG12
£99505/240.25 miCraven Street, Harrogate, HG1 5JE2
£1,10005/240.25 miCraven Street, Harrogate, North Yorkshire, UK, HG12
£89505/240.25 miWillow Grove, Harrogate, North Yorkshire, HG12
£97505/240.26 miKings Road, Harrogate, HG12
£1,05005/240.26 miBilton Drive, Harrogate, HG12
£95004/240.27 mi-2
£85005/240.3 miCraven Street, Harrogate, North Yorkshire, HG1 5JE2
£79505/240.3 miGrove Park Avenue, Harrogate, North Yorkshire, HG12
£1,10004/240.34 miKings Road, Harrogate, North Yorkshire, UK, HG12
£85005/240.35 mi-2
£95004/240.36 miGrove Park Lane, Harrogate, North Yorkshire, HG12
£1,40004/240.37 miGrove Road, Harrogate, North Yorkshire, HG12
£1,75011/240.39 mi-2
£89505/240.39 miAshfield Road, Harrogate, HG1 5ES2
£92504/240.41 miCrab Lane, Harrogate2
£95004/240.41 miGrove Park Lane, Harrogate, North Yorkshire, HG12
£85005/240.43 miProvidence Terrace, Harrogate2
£1,20001/250.44 mi-2
£84504/240.44 miRegent Avenue, Harrogate2
£89504/240.44 miDene Park, HG1 4JY2
£2,50005/240.45 mi-2
£95004/240.45 mi-2
£2,76005/240.46 mi-2
£79504/240.47 miRegent Avenue,Harrogate,HG12
£1,20004/240.47 mi-2
£87504/240.48 mi-2
£89506/240.48 miKing's Road, Harrogate, North Yorkshire, HG1 5HH2
£90004/240.51 mi-2
£1,05004/240.52 miCornwall House, Portland Crescent, Harrogate, HG12
£99505/240.54 miMayfield Grove, Harrogate2
£90005/240.54 miMayfield Grove, Harrogate2
£1,90004/240.54 mi-2
£1,00005/240.54 miMansfield Court, Harrogate, HG12
£95004/240.55 mi-2
£1,30006/240.55 miGrove Park Terrace, Harrogate, North Yorkshire, HG12
£95004/240.55 miKings Road, Harrogate2
£70004/240.55 miNydd Vale Terrace, Harrogate, North Yorkshire, HG12
£95004/240.55 miDragon Parade, Harrogate2
£87501/250.56 mi-2
£90005/240.57 miMayfield Grove, Harrogate, North Yorkshire, HG12

Local Area Statistics

Population in HG1

34,461

Population in Harrogate

93,832

Town centre distance

1.10 miles away

Nearest school

0.20 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £200,000

June 18, 2024

Floor Plans

Description

A two-bedroom middle-of-terrace stone-built property providing spacious accommodation now in need of modernisation, situated in this convenient location well served by local amenities. The property has double glazing, but now offers buyers the opportunity to update and modernise the accommodation to suit their own requirements. On the ground floor there are two reception rooms and a kitchen, whilst upstairs there are two bedrooms, bathroom and separate shower room. To the rear of the property is an enclosed courtyard garden.

Burke Street is well served by local amenities and is just a short distance from Harrogate town centre. Offered for sale with no onward chain. 

GROUND FLOOR
ENTRANCE HALL

SITTING ROOM
A reception room with stone fireplace and bay window.

DINING ROOM
A further reception room with tiled fireplace.

KITCHEN
With a range of fitted units and space for appliances. Door leads to the garden.

FIRST FLOOR
BEDROOM 1
A double bedroom with fitted wardrobes.

BEDROOM 2
A further double bedroom with fitted wardrobes.

BATHROOM
With WC, washbasin and bath.

SHOWER ROOM
With step-in shower and fitted cupboard. 

OUTSIDE There is a closed rear courtyard garden, providing an outdoor sitting area with planted borders. Paved forecourt garden to the front.

Agent Details

Verity Frearson, Harrogate

01423 227831

Next Steps?

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