3 Bed Terraced House, Single Let, Gainsborough, DN21 5XS, £75,000

8 Capper Avenue, Hemswell Cliff, DN21 5XS - 5 views - 4 months ago

Sold STC

BTL

ROI: 10%

81 m²

+14 photos

ValuationUndervalued

Sold Prices	£60K - £470K
Sold Prices/m²	£340/m² - £2.7K/m²

Square Metres	81 m²
Price/m²	£926/m²
Value Estimate	£93,000£93,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£18,750£18,750
Stamp Duty & Legal Fees	£3,450£3,450
Total Cash In	£22,200£22,200

Cash Out
Rent Range	£550 - £1,100£550 - £1,100
Rent Estimate	£556
Running Costs/mo	£366£366
Cashflow/mo	£190£190
Cashflow/yr	£2,285£2,285
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

15 sold prices from £60K to £470K, average is £170K. £340/m² to £2.7K/m², average is £1.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£82.5K	03/23	0.05 mi	17, Bettesworth Road, Hemswell Cliff, Gainsborough, Lincolnshire DN21 5XW	£1,058	78	3	Semi-Detached House
£60K	03/21	0.07 mi	1, Louisberg Road, Hemswell Cliff, Gainsborough, Lincolnshire DN21 5XU	£822	73	3	Terraced House
£85K	03/23	0.07 mi	1, Louisberg Road, Hemswell Cliff, Gainsborough, Lincolnshire DN21 5XU	£1,164	73	3	Terraced House
£170K	03/21	1.15 mi	1, Church Street, Glentworth, Gainsborough, Lincolnshire DN21 5DG	£340	500	3	Semi-Detached House
£470K	01/23	1.31 mi	9, Weldon Road, Hemswell, Gainsborough, Lincolnshire DN21 5UF	-	-	3	Detached House
£235K	12/20	1.5 mi	12, Brook Street, Hemswell, Gainsborough, Lincolnshire DN21 5UJ	-	-	3	Detached House
£82.5K	08/21	2.51 mi	12, Rectory Lea, Fillingham, Gainsborough, Lincolnshire DN21 5GE	£927	89	3	Semi-Detached House
£225K	02/23	2.54 mi	6, Willingham Road, Fillingham, Gainsborough, Lincolnshire DN21 5BN	£2,557	88	3	Semi-Detached House
£170K	05/21	2.54 mi	12, Willingham Road, Fillingham, Gainsborough, Lincolnshire DN21 5BN	£1,840	92	3	Semi-Detached House
£207.5K	11/20	2.54 mi	4, Willingham Road, Fillingham, Gainsborough, Lincolnshire DN21 5BN	£2,075	100	3	Semi-Detached House
£345K	12/22	2.68 mi	Estate Yard Cottage, Archer Street, Bishop Norton, Market Rasen, Lincolnshire LN8 2BG	£2,695	128	3	Detached House
£85K	10/21	2.68 mi	1, Slates Cottages, Bishop Norton, Market Rasen, Lincolnshire LN8 2AY	-	-	3	Terraced House
£275K	01/21	2.74 mi	Middle View, Well Street, Bishop Norton, Market Rasen, Lincolnshire LN8 2AZ	£2,037	135	3	Detached House
£132.5K	11/23	2.79 mi	6, Eastfields, Bishop Norton, Market Rasen, Lincolnshire LN8 2BB	£1,634	81	3	Terraced House
£115K	07/23	2.79 mi	5, Eastfields, Bishop Norton, Market Rasen, Lincolnshire LN8 2BB	£1,420	81	3	Terraced House

Local Rents

8 rents from £550/mo to £1.1K/mo, average is £845/mo.

Rent	Date	Distance	Address	Beds	Type
£550	02/25	0.1 mi	-	3	Terraced House
£550	12/24	0.11 mi	Minden Place, Hemswell Cliff, Gainsborough	2	Flat
£560	12/24	0.11 mi	-	3	Terraced House
£795	12/24	0.11 mi	-	3	Terraced House
£1,100	12/24	0.12 mi	Wellington Way, Hemswell Cliff, DN21	3	Detached House
£1,000	12/24	0.12 mi	Wellington Way, DN21	3	Detached House
£895	12/24	0.13 mi	Wellington Way, Hemswell Cliff	3	Detached House
£935	05/24	1.56 mi	Danby Bungalow, LN8 2AP	3	Flat

Local Area Statistics

Population in DN21	36,96936,969
Population in Gainsborough	37,06637,066
Town centre distance	8.07 miles away8.07 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	6.20 miles away6.20 miles away

Rental demand	Landlord's marketLandlord's market
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+20%+20%

Property History

Listed for £75,000

November 20, 2024

Sold for £75,950

2003

Floor Plans

Description

Tidy three bedroom end terrace +
Viewing open days by appointment: Saturday 23rd, Wednesday 27th and Saturday 30th November +
Estimated rental value - £700.00 PCM +
Good size plot with parking and garage +

*NO ONWARD CHAIN* Vision Properties are delighted to offer this 3-bedroom end terrace property located on Capper Avenue in Hemswell Cliff. Priced to sell, this tidy three bedroom property includes; front lawn, porch access, large reception room, well presented kitchen, conservatory, three bedrooms, family bathroom, good size rear garden, parking for two cars to the rear and garage.

Estimated rental value - £700.00 PCM

Viewing open days by *appointment*: Saturday 23rd, Wednesday 27th and Saturday 30th November

Guide Price - £75,000-£100,000

Agent Details

Vision Properties, Leeds

0113 519 9046

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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ValuationUndervalued

CashflowsOpen in Analyser

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents