3 Bed Detached House, Refurb/BRRR, Gainsborough, DN21 5UQ, £120,000
20 Church Street, Gainsborough, Lincolnshire, DN21 5UQ - 4 views - 8 months ago
Sold STC
Refurb/BRRR
Planning
Negative Equity
ROI: 2%
86 m²
ValuationOvervalued
| Sold Prices | £60K - £470K |
| Sold Prices/m² | £340/m² - £1.2K/m² |
| |
Square Metres | 86 m² |
| Price/m² | £1.4K/m² |
Value Estimate | £80,823 |
| |
End Value (After Refurb) | £155,155 |
Uplift in Value | +29% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £30,000 |
Stamp Duty & Legal Fees | £4,800 |
Refurb Costs | £34,849 |
Bridging Loan Interest | £3,150 |
Total Cash In | £74,549 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £155,155 |
Mortgage (After Refinance) | £116,366 |
Mortgage LTV | 75% |
Cash Released | £26,366 |
Cash Left In | £48,183 |
Equity | £38,789 |
Rent Range | £550 - £1,100 |
Rent Estimate | £821 |
Running Costs/mo | £669 |
Cashflow/mo | £152 |
Cashflow/yr | £1,823 |
ROI | 2% |
Gross Yield | 8% |
Local Sold Prices
6 sold prices from £60K to £470K, average is £127.5K. £340/m² to £1.2K/m², average is £940/m².
Local Rents
7 rents from £550/mo to £1.1K/mo, average is £795/mo.
Local Area Statistics
Population in DN21 | 36,969 |
Population in Gainsborough | 37,066 |
Town centre distance | 6.83 miles away |
Nearest school | 1.50 miles away |
Nearest train station | 5.40 miles away |
| |
Rental demand | Landlord's market |
Sales demand | Balanced market |
Capital growth (5yrs) | +20% |
Property History
Listed for £120,000
-17%
July 9, 2024
Sold for £140,000
2022
Floor Plans
