3 Bed Terraced House, Refurb/BRRR, Morecambe, LA3 2PN, £290,000
Woborrow Road, Heysham, LA3 2PN - 5 views - 4 months ago
Sold STC
Refurb/BRRR
~93 m²





+23 photos
ValuationOvervalued
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £72,500 |
Stamp Duty & Legal Fees | £11,900 |
Refurb Costs | £37,600 |
Bridging Loan Interest | £7,613 |
Total Cash In | £131,363 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £267,500 |
Mortgage (After Refinance) | £200,625 |
Mortgage LTV | 75% |
Cash Left In | £131,363 |
Equity | £66,875 |
Rent Range | £775 - £950 |
Rent Estimate | £862 |
Running Costs/mo | £1,028 |
Cashflow/mo | £-166 |
Cashflow/yr | £-1,996 |
Gross Yield | 4% |
Local Rents
10 rents from £775/mo to £950/mo, average is £863/mo.
Local Area Statistics
Population in LA3 | 24,587 |
Population in Morecambe | 50,836 |
Town centre distance | 2.19 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 1.12 miles away |
| |
Rental growth (12m) | -2% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +31% |
Property History
Listed for £290,000
December 10, 2024
Sold for £273,000
2022
Sold for £205,000
2017
Sold for £25,000
1999
Floor Plans

Description
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