5 Bed Terraced House, Refurb/BRRR, Morecambe, LA3 1SH, £130,000





ValuationOvervalued
Sold Prices | £81.5K - £670K |
Sold Prices/m² | £622/m² - £2.5K/m² |
| |
Square Metres | ~142.20 m² |
Price/m² | £914/m² |
Value Estimate | £124,098 |
| |
End Value (After Refurb) | £173,225 |
Uplift in Value | +33% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £32,500 |
Stamp Duty & Legal Fees | £5,100 |
Refurb Costs | £57,492 |
Bridging Loan Interest | £3,413 |
Total Cash In | £100,254 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £173,225 |
Mortgage (After Refinance) | £129,919 |
Mortgage LTV | 75% |
Cash Released | £32,419 |
Cash Left In | £67,835 |
Equity | £43,306 |
Rent Range | £750 - £1,550 |
Rent Estimate | £957 |
Running Costs/mo | £753 |
Cashflow/mo | £204 |
Cashflow/yr | £2,451 |
ROI | 2% |
Gross Yield | 9% |
Local Sold Prices
22 sold prices from £81.5K to £670K, average is £210K. £622/m² to £2.5K/m², average is £953/m².
Local Rents
20 rents from £750/mo to £1.6K/mo, average is £925/mo.
Local Area Statistics
Population in LA3 | 24,587 |
Population in Morecambe | 50,836 |
Town centre distance | 0.94 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.64 miles away |
| |
Rental growth (12m) | -2% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +31% |
Property History
Listed for £130,000
July 5, 2024
Sold for £80,000
2011
Sold for £20,000
2002
Floor Plans

Description
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