2 Bed Flat, Refurb/BRRR, Fleet, GU51 2XH, £220,000
Ellen Drive, Fleet, Hampshire, GU51 2XH - 3 months ago
Leasehold
Refurb/BRRR
ROI: 3%
~55 m²





+8 photos
ValuationOvervalued
Sold Prices | £161K - £300K |
Sold Prices/m² | £2.3K/m² - £4.5K/m² |
| |
Square Metres | ~54.70 m² |
Price/m² | £4K/m² |
Value Estimate | £194,917 |
| |
End Value (After Refurb) | £280,509 |
Uplift in Value | +28% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £55,000 |
Stamp Duty & Legal Fees | £12,200 |
Refurb Costs | £25,880 |
Bridging Loan Interest | £5,775 |
Total Cash In | £100,605 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Estimated Sale Price | £280,509 |
Agent Fees (1%) | £2,805 |
Bridging Loan | £165,000 |
Bridging Loan Interest | £5,775 |
Flip Profit | £12,100 |
Local Sold Prices
24 sold prices from £161K to £300K, average is £235K. £2.3K/m² to £4.5K/m², average is £3.8K/m².
Local Rents
24 rents from £900/mo to £2.5K/mo, average is £1.4K/mo.
Local Area Statistics
Population in GU51 | 23,352 |
Population in Fleet | 39,392 |
Town centre distance | 1.35 miles away |
Nearest school | 1.40 miles away |
Nearest train station | 0.40 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +9% |
Sales demand | Seller's market |
Capital growth (5yrs) | +5% |
Property History
Price changed to £220,000
March 20, 2025
Listed for £235,000
January 21, 2025
Floor Plans

Description
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