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

Sold Prices£37.5K - £200K
Sold Prices/m²£436/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£538/m²

Value Estimate

£50,500

 

 

End Value (After Refurb)

£84,672

Uplift in Value

+69%

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 Sold Prices

50 sold prices from £37.5K to £200K, average is £86K. £436/m² to £2.4K/m², average is £994/m².

PriceDateDistanceAddressBeds 
£70K03/230 mi108, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DD3
£112.5K05/230 mi178, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DD3
£53K03/230.02 mi16, Washington Street, Gainsborough, Lincolnshire DN21 1DR3
£117K08/210.03 mi133, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DB3
£118K12/200.03 mi135, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DB3
£100K12/220.03 mi135, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DB3
£73K01/210.07 mi49, Drake Street, Gainsborough, Lincolnshire DN21 1DF3
£53K04/210.07 mi18, Gordon Street, Gainsborough, Lincolnshire DN21 1DJ3
£37.5K07/210.07 mi53, Gordon Street, Gainsborough, Lincolnshire DN21 1DW3
£65K10/200.09 mi4, Bacon Street, Gainsborough, Lincolnshire DN21 1DQ3
£70K11/210.09 mi5, Darwin Street, Gainsborough, Lincolnshire DN21 1DL3
£95K02/230.09 mi9, Cromwell Street, Gainsborough, Lincolnshire DN21 1DH3
£60K02/210.1 mi8, Cromwell Street, Gainsborough, Lincolnshire DN21 1DH3
£58K09/210.1 mi5, Cromwell Street, Gainsborough, Lincolnshire DN21 1DH3
£127K01/230.1 mi5, St Andrews Court, Gainsborough, Lincolnshire DN21 1BD3
£78K09/210.11 mi107, Lea Road, Gainsborough, Lincolnshire DN21 1AB3
£65K07/210.11 mi101, Lea Road, Gainsborough, Lincolnshire DN21 1AB3
£83K09/210.11 mi163, Lea Road, Gainsborough, Lincolnshire DN21 1AB3
£80K12/200.14 mi38, Sandsfield Lane, Gainsborough, Lincolnshire DN21 1DA3
£58K02/210.15 mi15, Ashcroft Road, Gainsborough, Lincolnshire DN21 1LB3
£65K03/230.15 mi39, Ashcroft Road, Gainsborough, Lincolnshire DN21 1LB3
£39.5K07/210.2 mi8, Wellington Street, Gainsborough, Lincolnshire DN21 1BX3
£47.5K05/210.2 mi26, Wellington Street, Gainsborough, Lincolnshire DN21 1BX3
£60K07/230.25 mi47, Marlborough Street, Gainsborough, Lincolnshire DN21 1BT3
£47K12/200.26 mi12, Wheeldon Street, Gainsborough, Lincolnshire DN21 1BS3
£60K03/230.27 mi1, Prospect Terrace, Gainsborough, Lincolnshire DN21 1BP3
£135K07/230.28 mi2, King Street, Gainsborough, Lincolnshire DN21 1JS3
£158K12/200.29 mi25, Willoughby Chase, Gainsborough, Lincolnshire DN21 1GR3
£138K09/210.29 mi54, Willoughby Chase, Gainsborough, Lincolnshire DN21 1GR3
£160K02/230.29 mi18, Willoughby Chase, Gainsborough, Lincolnshire DN21 1GR3
£45K02/210.31 mi14, Britannia Terrace, Gainsborough, Lincolnshire DN21 1BL3
£160K07/210.33 mi34, Ravendale Road, Gainsborough, Lincolnshire DN21 1XA3
£165K01/210.33 mi53, Enderby Crescent, Gainsborough, Lincolnshire DN21 1XQ3
£170K12/200.34 mi129, Middlefield Lane, Gainsborough, Lincolnshire DN21 1QR3
£43K02/210.36 mi29, Linden Terrace, Gainsborough, Lincolnshire DN21 1JQ3
£118K06/230.41 mi6, Saracen Close, Gainsborough, Lincolnshire DN21 1PQ3
£85K11/200.42 mi30, Riseholme Road, Gainsborough, Lincolnshire DN21 1NJ3
£75K06/210.42 mi11, Riseholme Road, Gainsborough, Lincolnshire DN21 1NJ3
£186K08/210.44 mi5, Rothwell Close, Gainsborough, Lincolnshire DN21 1XN3
£158K10/200.44 mi6, Hainton Close, Gainsborough, Lincolnshire DN21 1UY3
£155K12/210.45 mi33, The Pines, Gainsborough, Lincolnshire DN21 1PW3
£150K07/210.45 mi62, The Pines, Gainsborough, Lincolnshire DN21 1PW3
£167K08/210.48 mi23, Foxby Lane, Gainsborough, Lincolnshire DN21 1PP3
£80K08/210.49 mi10, Aegir Close, Gainsborough, Lincolnshire DN21 1YP3
£87K08/210.49 mi11, Aegir Close, Gainsborough, Lincolnshire DN21 1YP3
£164K05/210.51 mi20, Middlefield Lane, Gainsborough, Lincolnshire DN21 1UU3
£200K07/230.58 mi3, Middlefield Lane, Gainsborough, Lincolnshire DN21 1TY3
£170K06/230.6 mi1, Claythorne Drive, Gainsborough, Lincolnshire DN21 1TZ3
£97K12/200.6 mi17, Pingle Close, Gainsborough, Lincolnshire DN21 1XR3
£100K02/210.62 mi12, Pilgrims Way, Gainsborough, Lincolnshire DN21 1ZB3

Local Rents

14 rents from £575/mo to £945/mo, average is £688/mo.

RentDateDistanceAddressBeds 
£75011/240.05 mi-3
£65001/250.06 mi-3
£65002/250.06 mi-3
£65003/250.08 mi-3
£75010/230.1 mi-3
£57512/240.21 miTrent Street, Gainsborough3
£60011/240.29 mi-3
£62503/250.34 mi-3
£76003/250.71 mi-3
£62512/240.76 miGlentham Road, Gainsborough3
£94512/240.76 mi-3
£80012/240.83 miParish Mews, Gainsborough, DN213
£77501/251.06 mi-3
£72512/241.22 mi-3

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

  • Investment Property +
  • Close To All Amenities +
  • Two Reception Rooms +
  • On-Street Parking +

Martin & Co are delighted to present this property to the open sales market.

Located upon Sandsfield Lane in Gainsborough this property benefits from its location as it is located within a close proximity to all local amenities, schools and surgeries.

The accommodation comprises of a kitchen, lounge/diner to the ground floor, to the first floor there are two bedrooms and a family bathroom, there are also stairs leading to the 2nd floor which hosts the attic room.

This property need a full renovation and viewings are highly recommended.

Agent Details

Martin & Co, Gainsborough

01427 800763

Next Steps?

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