3 Bed Flat, Refurb/BRRR, South Shields, NE33 4RG, £79,950





ValuationUndervalued
Sold Prices | £35K - £112K |
Sold Prices/m² | £479/m² - £1.4K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £860/m² |
Value Estimate | £82,349 |
BMV | 3% |
| |
End Value (After Refurb) | £94,807 |
Uplift in Value | +19% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £19,988 |
Stamp Duty & Legal Fees | £5,198 |
Refurb Costs | £35,501 |
Bridging Loan Interest | £2,099 |
Total Cash In | £64,535 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £94,807 |
Mortgage (After Refinance) | £71,105 |
Mortgage LTV | 75% |
Cash Released | £11,143 |
Cash Left In | £53,392 |
Equity | £23,702 |
Rent Range | £550 - £3,300 |
Rent Estimate | £782 |
Running Costs/mo | £473 |
Cashflow/mo | £309 |
Cashflow/yr | £3,712 |
ROI | 6% |
Gross Yield | 12% |
Local Sold Prices
29 sold prices from £35K to £112K, average is £72.5K. £479/m² to £1.4K/m², average is £893/m².
Local Rents
27 rents from £550/mo to £3.3K/mo, average is £650/mo.
Local Area Statistics
Population in NE33 | 27,262 |
Population in South Shields | 79,432 |
Town centre distance | 0.72 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.15 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +19% |
Sales demand | Seller's market |
Capital growth (5yrs) | +8% |
Property History
Listed for £79,950
January 22, 2025
Description
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