3 Bed Terraced House, Refurb/BRRR, Torrington, EX38 8NG, £160,000
12 Fore Street, Langtree, Torrington, Devon, EX38 8NG - 1 views - 6 months ago
Refurb/BRRR
Planning
ROI: 2%
59 m²





+13 photos
ValuationFair Value
Sold Prices | £190K - £455K |
Sold Prices/m² | £1.1K/m² - £5K/m² |
| |
Square Metres | 59 m² |
Price/m² | £2.7K/m² |
Value Estimate | £160,000 |
| |
End Value (After Refurb) | £183,103 |
Uplift in Value | +14% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £40,000 |
Stamp Duty & Legal Fees | £9,200 |
Refurb Costs | £24,108 |
Bridging Loan Interest | £4,200 |
Total Cash In | £79,258 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £183,103 |
Mortgage (After Refinance) | £137,328 |
Mortgage LTV | 75% |
Cash Released | £17,328 |
Cash Left In | £61,930 |
Equity | £45,776 |
Rent Range | £900 - £900 |
Rent Estimate | £900 |
Running Costs/mo | £772 |
Cashflow/mo | £128 |
Cashflow/yr | £1,534 |
ROI | 2% |
Gross Yield | 7% |
Local Sold Prices
14 sold prices from £190K to £455K, average is £320K. £1.1K/m² to £5K/m², average is £3.6K/m².
Local Rents
1 rents from £900/mo to £900/mo, average is £900/mo.
Local Area Statistics
Population in EX38 | 8,260 |
Town centre distance | 3.65 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 10.37 miles away |
| |
Rental growth (12m) | -8% |
Sales demand | Balanced market |
Capital growth (5yrs) | +34% |
Property History
Price changed to £160,000
December 12, 2024
Listed for £175,000
October 7, 2024
Floor Plans
