3 Bed Semi-Detached House, Refurb/BRRR, Halstead, CO9 4SJ, £350,000
Drury Lane, Ridgewell, Halstead, CO9 4SJ - 2 views - 3 months ago
Refurb/BRRR
~93 m²





+7 photos
ValuationOvervalued
Sold Prices | £215K - £615K |
Sold Prices/m² | £1.9K/m² - £4.9K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £3.8K/m² |
Value Estimate | £309,066 |
| |
End Value (After Refurb) | £327,584 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £87,500 |
Stamp Duty & Legal Fees | £16,700 |
Refurb Costs | £44,609 |
Bridging Loan Interest | £9,188 |
Total Cash In | £159,746 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £327,584 |
Mortgage (After Refinance) | £245,688 |
Mortgage LTV | 75% |
Cash Left In | £159,746 |
Equity | £81,896 |
Rent Range | £780 - £1,700 |
Rent Estimate | £1,207 |
Running Costs/mo | £1,285 |
Cashflow/mo | £-78 |
Cashflow/yr | £-937 |
Gross Yield | 4% |
Local Sold Prices
24 sold prices from £215K to £615K, average is £300K. £1.9K/m² to £4.9K/m², average is £3.4K/m².
Local Rents
7 rents from £780/mo to £1.7K/mo, average is £1.2K/mo.
Local Area Statistics
Population in CO9 | 25,162 |
Town centre distance | 8.08 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 8.75 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +41% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +4% |
Property History
Listed for £350,000
January 20, 2025
Floor Plans

Description
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