3 Bed Bungalow, Refurb/BRRR, GL7 6HY, £350,000





ValuationOvervalued
Sold Prices | £272K - £650K |
Sold Prices/m² | £3K/m² - £5.8K/m² |
| |
Square Metres | ~77.40 m² |
Price/m² | £4.5K/m² |
Value Estimate | £252,875 |
| |
End Value (After Refurb) | £358,750 |
Uplift in Value | +2% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £87,500 |
Stamp Duty & Legal Fees | £23,700 |
Refurb Costs | £31,377 |
Bridging Loan Interest | £9,188 |
Total Cash In | £153,515 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £358,750 |
Mortgage (After Refinance) | £269,063 |
Mortgage LTV | 75% |
Cash Released | £6,563 |
Cash Left In | £146,952 |
Equity | £89,688 |
Rent Range | £825 - £5,400 |
Rent Estimate | £1,993 |
Running Costs/mo | £1,540 |
Cashflow/mo | £453 |
Cashflow/yr | £5,440 |
ROI | 4% |
Gross Yield | 7% |
Local Sold Prices
21 sold prices from £272K to £650K, average is £393K. £3K/m² to £5.8K/m², average is £3.9K/m².
Local Rents
32 rents from £825/mo to £5.4K/mo, average is £1.5K/mo.
Local Area Statistics
Population in GL7 | 42,518 |
Nearest school | 0.20 miles away |
Nearest train station | 3.78 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | +18% |
Sales demand | Balanced market |
Capital growth (5yrs) | +18% |
Property History
Price changed to £350,000
January 31, 2025
Listed for £375,000
November 6, 2024
Floor Plans


Description
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