3 Bed Semi-Detached House, Refurb/BRRR, Ross-on-Wye, HR9 5JU, £325,000
26 Merrivale Crescent, Ross-on-Wye, Herefordshire HR9 5JU - 3 views - 7 months ago
Sold STC
Refurb/BRRR
~93 m²





+14 photos
ValuationOvervalued
Sold Prices | £160K - £475K |
Sold Prices/m² | £2K/m² - £7.1K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £3.5K/m² |
Value Estimate | £270,759 |
| |
End Value (After Refurb) | £300,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £81,250 |
Stamp Duty & Legal Fees | £14,700 |
Refurb Costs | £37,686 |
Bridging Loan Interest | £8,531 |
Total Cash In | £143,917 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £300,000 |
Mortgage (After Refinance) | £225,000 |
Mortgage LTV | 75% |
Cash Left In | £143,917 |
Equity | £75,000 |
Rent Range | £421 - £3,500 |
Rent Estimate | £1,011 |
Running Costs/mo | £1,160 |
Cashflow/mo | £-149 |
Cashflow/yr | £-1,784 |
Gross Yield | 4% |
Local Sold Prices
22 sold prices from £160K to £475K, average is £278.5K. £2K/m² to £7.1K/m², average is £3.1K/m².
Local Rents
48 rents from £421/mo to £3.5K/mo, average is £850/mo.
Local Area Statistics
Population in hr9 | 20,936 |
Town centre distance | 0.55 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 11.65 miles away |
| |
Rental growth (12m) | +61% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +26% |
Property History
Listed for £325,000
October 3, 2024
Floor Plans

Description
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