5 Bed HMO, Cleethorpes, DN35 7BD £115,000
522 Harrington Street, Cleethorpes - 21 views - 10 months ago
HMO
Outside Article 4
ROI: 29%
62 m²




ValuationOvervalued
| Sold Prices | £105K - £600K |
| Sold Prices/m² | £701/m² - £4.2K/m² |
| |
Square Metres | 62 m² |
| Price/m² | £1.9K/m² |
Value Estimate | £103,816 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £28,750 |
Stamp Duty & Legal Fees | £6,950 |
Total Cash In | £35,700 |
| |
Cash Out | |
Room Rate | £436 |
Gross Rent | £2,180 |
Running Costs/mo | £1,320 |
Cashflow/mo | £860 |
Cashflow/yr | £10,321 |
ROI | 29% |
Gross Yield | 23% |
Local Sold Prices
23 sold prices from £105K to £600K, average is £325K. £701/m² to £4.2K/m², average is £1.5K/m².
Local Area Statistics
Population in DN35 | 34,526 |
Population in Cleethorpes | 34,530 |
Town centre distance | 1.46 miles away |
Nearest school | 0.40 miles away |
Nearest train station | 0.35 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +24% |
Sales demand | Balanced market |
Capital growth (5yrs) | +23% |
Property History
Listed for £115,000
January 14, 2025
Floor Plans
Description
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