2 Bed Semi-Detached House, Refurb/BRRR, Durham, DH6 5BW, £55,000





ValuationUndervalued
Sold Prices | £48.5K - £123.5K |
Sold Prices/m² | £538/m² - £1.8K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £808/m² |
Value Estimate | £56,650 |
BMV | 3% |
| |
End Value (After Refurb) | £85,726 |
Uplift in Value | +56% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £13,750 |
Stamp Duty & Legal Fees | £2,850 |
Refurb Costs | £26,163 |
Bridging Loan Interest | £1,444 |
Total Cash In | £45,957 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £85,726 |
Mortgage (After Refinance) | £64,294 |
Mortgage LTV | 75% |
Cash Released | £23,044 |
Cash Left In | £22,913 |
Equity | £21,431 |
Rent Range | £450 - £3,250 |
Rent Estimate | £867 |
Running Costs/mo | £461 |
Cashflow/mo | £406 |
Cashflow/yr | £4,868 |
ROI | 11% |
Gross Yield | 19% |
Local Sold Prices
23 sold prices from £48.5K to £123.5K, average is £79K. £538/m² to £1.8K/m², average is £1K/m².
Local Rents
50 rents from £450/mo to £3.3K/mo, average is £715/mo.
Local Area Statistics
Population in DH6 | 33,466 |
Population in Durham | 124,445 |
Town centre distance | 3.59 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 4 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +11% |
Sales demand | Seller's market |
Capital growth (5yrs) | +9% |
Property History
Listed for £55,000
November 12, 2024
Floor Plans

Description
Similar Properties
Like this property? Maybe you'll like these ones close by too.