3 Bed Terraced House, Refurb/BRRR, Newcastle upon Tyne, NE16 4PZ, £265,000
5 Cornmoor Gardens, Newcastle Upon Tyne, NE16 4PZ - 3 views - 2 months ago
Refurb/BRRR
~93 m²





+21 photos
ValuationOvervalued
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £66,250 |
Stamp Duty & Legal Fees | £9,900 |
Refurb Costs | £35,600 |
Bridging Loan Interest | £6,956 |
Total Cash In | £120,456 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £279,592 |
Mortgage (After Refinance) | £209,694 |
Mortgage LTV | 75% |
Cash Released | £10,944 |
Cash Left In | £109,512 |
Equity | £69,898 |
Rent Range | £650 - £1,300 |
Rent Estimate | £935 |
Running Costs/mo | £1,081 |
Cashflow/mo | £-146 |
Cashflow/yr | £-1,749 |
Gross Yield | 4% |
Local Rents
15 rents from £650/mo to £1.3K/mo, average is £850/mo.
Local Area Statistics
Population in NE16 | 25,637 |
Population in Newcastle upon Tyne | 381,037 |
Town centre distance | 4.98 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 1.56 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | -3% |
Sales demand | Balanced market |
Capital growth (5yrs) | +33% |
Property History
Listed for £265,000
January 22, 2025
Floor Plans

Description
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