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5 Bed HMO, Cleethorpes, DN35 7RN £110,000
521E93 Brereton Avenue, Cleethorpes, DN35 7RN - a year ago
Sold STC
HMO
Outside Article 4
ROI: 28%
93 m²
ValuationUndervalued
| Sold Prices | £105K - £600K |
| Sold Prices/m² | £701/m² - £4.2K/m² |
| |
Square Metres | 93 m² |
| Price/m² | £1.2K/m² |
Value Estimate | £132,856 |
| BMV | 21% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £27,500 |
Stamp Duty & Legal Fees | £6,700 |
Total Cash In | £34,200 |
| |
Cash Out | |
Room Rate | £415 |
Gross Rent | £2,075 |
Running Costs/mo | £1,280 |
Cashflow/mo | £795 |
Cashflow/yr | £9,545 |
ROI | 28% |
Gross Yield | 23% |
Local Sold Prices
26 sold prices from £105K to £600K, average is £322.5K. £701/m² to £4.2K/m², average is £1.5K/m².
Local Area Statistics
Population in DN35 | 34,526 |
Population in Cleethorpes | 34,530 |
Town centre distance | 1.38 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.42 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +24% |
Sales demand | Balanced market |
Capital growth (5yrs) | +23% |
Property History
Listed for £110,000
August 29, 2024
Floor Plans
Description
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