2 Bed Flat, Refurb/BRRR, B5 7EL, £230,000
Sherlock Street, Birmingham, B5 7EL - 6 views - 5 months ago
Leasehold
Refurb/BRRR
ROI: 6%
~68 m²





+1 photos
ValuationOvervalued
Sold Prices | £30K - £500K |
Sold Prices/m² | £724/m² - £4.5K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £3.4K/m² |
Value Estimate | £146,942 |
| |
End Value (After Refurb) | £215,688 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £57,500 |
Stamp Duty & Legal Fees | £8,100 |
Refurb Costs | £26,792 |
Bridging Loan Interest | £6,038 |
Total Cash In | £100,179 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £215,688 |
Mortgage (After Refinance) | £161,766 |
Mortgage LTV | 75% |
Cash Left In | £100,179 |
Equity | £53,922 |
Rent Range | £1,150 - £3,500 |
Rent Estimate | £1,538 |
Running Costs/mo | £1,002 |
Cashflow/mo | £536 |
Cashflow/yr | £6,436 |
ROI | 6% |
Gross Yield | 8% |
Local Sold Prices
23 sold prices from £30K to £500K, average is £144.5K. £724/m² to £4.5K/m², average is £2K/m².
Local Rents
50 rents from £1.1K/mo to £3.5K/mo, average is £1.4K/mo.
Property History
Listed for £230,000
November 27, 2024
Floor Plans

Description
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