5 Bed Terraced House, Refurb/BRRR, Torquay, TQ1 3BG, £260,000





ValuationUndervalued
Sold Prices | £195K - £850K |
Sold Prices/m² | £998/m² - £5.7K/m² |
| |
Square Metres | ~178.28 m² |
Price/m² | £1.5K/m² |
Value Estimate | £277,750 |
BMV | 1% |
| |
End Value (After Refurb) | £329,823 |
Uplift in Value | +20% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £65,000 |
Stamp Duty & Legal Fees | £10,700 |
Refurb Costs | £72,275 |
Bridging Loan Interest | £6,825 |
Total Cash In | £156,550 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £329,823 |
Mortgage (After Refinance) | £247,367 |
Mortgage LTV | 75% |
Cash Released | £52,367 |
Cash Left In | £104,182 |
Equity | £82,456 |
Rent Range | £535 - £2,100 |
Rent Estimate | £1,255 |
Running Costs/mo | £1,302 |
Cashflow/mo | £-47 |
Cashflow/yr | £-560 |
Gross Yield | 6% |
Local Sold Prices
41 sold prices from £195K to £850K, average is £410K. £998/m² to £5.7K/m², average is £2.3K/m².
Local Rents
31 rents from £535/mo to £2.1K/mo, average is £1.2K/mo.
Local Area Statistics
Population in TQ1 | 31,207 |
Population in Torquay | 65,319 |
Town centre distance | 0.93 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.80 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | -3% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +21% |
Property History
Price changed to £260,000
February 8, 2025
Listed for £275,000
January 14, 2025
Floor Plans

Description
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