3 Bed Terraced House, Refurb/BRRR, Gainsborough, DN21 1DD, £50,000
Sandsfield Lane , Gainsborough, DN21 1DD - 107 views - 3 months ago
Refurb/BRRR
Negative Equity
ROI: 6%
~93 m²





+3 photos
ValuationFair Value
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £12,500 |
Stamp Duty & Legal Fees | £2,700 |
Refurb Costs | £37,686 |
Bridging Loan Interest | £1,313 |
Total Cash In | £55,948 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £84,672 |
Mortgage (After Refinance) | £63,504 |
Mortgage LTV | 75% |
Cash Released | £26,004 |
Cash Left In | £29,944 |
Equity | £21,168 |
Rent Range | £575 - £945 |
Rent Estimate | £713 |
Running Costs/mo | £427 |
Cashflow/mo | £286 |
Cashflow/yr | £3,430 |
ROI | 6% |
Gross Yield | 17% |
Local Rents
14 rents from £575/mo to £945/mo, average is £688/mo.
Local Area Statistics
Population in DN21 | 36,969 |
Population in Gainsborough | 37,066 |
Town centre distance | 0.81 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.34 miles away |
| |
Rental demand | Landlord's market |
Sales demand | Balanced market |
Capital growth (5yrs) | +20% |
Property History
Listed for £50,000
-77%
December 23, 2024
Sold for £88,500
2010
Sold for £30,950
1996
Description
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