4 Bed Detached House, Refurb/BRRR, Carnforth, LA5 8JG, £650,000
Town End, Bolton Le Sands, LA5 8JG - 5 months ago
Sold STC
Refurb/BRRR
~287 m²





+43 photos
ValuationFair Value
Sold Prices | £208K - £552.5K |
Sold Prices/m² | £1.8K/m² - £3.9K/m² |
| |
Square Metres | ~287.26 m² |
Price/m² | £2.3K/m² |
Value Estimate | £663,000 |
| |
End Value (After Refurb) | £738,099 |
Uplift in Value | +14% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £162,500 |
Stamp Duty & Legal Fees | £56,200 |
Refurb Costs | £116,042 |
Bridging Loan Interest | £17,063 |
Total Cash In | £353,554 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £738,099 |
Mortgage (After Refinance) | £553,574 |
Mortgage LTV | 75% |
Cash Released | £66,074 |
Cash Left In | £287,480 |
Equity | £184,525 |
Rent Range | £600 - £2,500 |
Rent Estimate | £931 |
Running Costs/mo | £2,513 |
Cashflow/mo | £-1,582 |
Cashflow/yr | £-18,981 |
Gross Yield | 2% |
Local Sold Prices
22 sold prices from £208K to £552.5K, average is £392.5K. £1.8K/m² to £3.9K/m², average is £2.2K/m².
Local Rents
50 rents from £600/mo to £2.5K/mo, average is £885/mo.
Local Area Statistics
Population in LA5 | 16,353 |
Population in Carnforth | 29,230 |
Town centre distance | 2.72 miles away |
Nearest school | 0.40 miles away |
Nearest train station | 2.21 miles away |
| |
Rental growth (12m) | -26% |
Sales demand | Balanced market |
Capital growth (5yrs) | +19% |
Property History
Listed for £650,000
November 15, 2024
Floor Plans



Description
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