3 Bed Semi-Detached House, Refurb/BRRR, Newcastle upon Tyne, NE12 9RN, £140,000
22 Station Road, Forest Hall, NE12 9AD - 3 views - 2 months ago
Sold STC
Refurb/BRRR
ROI: 9%
61 m²





+6 photos
ValuationOvervalued
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £35,000 |
Stamp Duty & Legal Fees | £5,400 |
Refurb Costs | £23,549 |
Bridging Loan Interest | £3,675 |
Total Cash In | £69,374 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £137,000 |
Mortgage (After Refinance) | £102,750 |
Mortgage LTV | 75% |
Cash Left In | £69,374 |
Equity | £34,250 |
Rent Range | £825 - £2,400 |
Rent Estimate | £1,200 |
Running Costs/mo | £688 |
Cashflow/mo | £512 |
Cashflow/yr | £6,143 |
ROI | 9% |
Gross Yield | 10% |
Local Rents
35 rents from £825/mo to £2.4K/mo, average is £1.1K/mo.
Local Area Statistics
Population in NE12 | 34,654 |
Population in Newcastle upon Tyne | 381,037 |
Town centre distance | 4.25 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.31 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +24% |
Sales demand | Seller's market |
Capital growth (5yrs) | +9% |
Property History
Listed for £140,000
January 18, 2025
Description
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