3 Bed Semi-Detached House, Refurb/BRRR, Haddington, EH41 3PG, £155,000

5 Haldane Avenue, Haddington, East Lothian, EH41 3PG - 3 views - 3 months ago

Under Offer
Refurb/BRRR
ROI: 8%
~93 m²
+3 photos

ValuationFair Value

Sold Prices£157.5K - £310K

 

 

Square Metres

~93 m²

Value Estimate

£157,500

 

 

End Value (After Refurb)

£148,634

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£38,000

Bridging Loan Interest

£4,069

Total Cash In

£88,419

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£148,634

Mortgage (After Refinance)

£111,475

Mortgage LTV

75%

Cash Left In

£88,419

Equity

£37,158

Rent Range

£775 - £4,000

Rent Estimate

£1,322

Running Costs/mo

£749

Cashflow/mo

£573

Cashflow/yr

£6,877

ROI

8%

Gross Yield

10%

Local Sold Prices

13 sold prices from £157.5K to £310K, average is £204.9K.

PriceDateDistanceAddressBeds 
£200K06/210.14 mi81, Davidson Terrace, Haddington, East Lothian EH41 3BG3
£204.9K08/210.24 mi52, Caponflat Crescent, Haddington, East Lothian EH41 3AR3
£189.2K05/210.39 mi8, Lydgait Gardens, Haddington, East Lothian EH41 3DB3
£209.1K07/210.43 mi22, Princess Mary Road, Haddington, East Lothian EH41 3NJ3
£225.5K03/210.54 mi25a, Gateside Avenue, Haddington, East Lothian EH41 3SE3
£210.2K06/210.65 mi14, Dunbar Road, Haddington, Eln EH41 3PW3
£305K07/210.67 mi58, Long Cram, Haddington, Eln EH41 4NS3
£195K07/210.67 mi25, Artillery Park, Haddington, East Lothian EH41 3PZ3
£157.5K02/210.89 mi33, Abbots View, Haddington, Eln EH41 3QH3
£163K04/210.92 mi69, Riverside Drive, Haddington, East Lothian EH41 3QW3
£310K03/211.05 mi20, Nungate Gardens, Haddington, East Lothian EH41 4EE3
£295K02/211.2 mi15, Amisfield Park, Haddington, Eln EH41 4QE3
£192K01/212.66 mi20, Glebe Crescent, Athelstaneford, North Berwick, East Lothian EH39 5BG3

Local Rents

19 rents from £775/mo to £4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£98004/240.51 miClerkington Walk, Haddington, East Lothian, EH412
£82510/240.58 mi-1
£1,50001/240.63 mi-3
£1,20002/240.64 mi-3
£1,25003/240.65 miCHALYBEATE, Haddington, East Lothian, EH412
£1,60007/240.69 mi-4
£77502/240.69 mi-2
£1,25005/240.71 miArthurs Way, EH413
£1,35004/240.74 miArthurs Way, Haddington, East Lothian, EH413
£1,30001/250.74 mi-3
£85005/240.85 miHays Walk, Haddington, East Lothian, EH411
£1,45003/240.85 miHays Walk, Haddington, East Lothian, EH413
£82503/240.85 miDavids Way, Haddington, East Lothian, EH411
£1,17505/240.88 miHays Walk, Haddington, East Lothian, EH412
£1,35004/240.89 mi-3
£1,35004/240.89 miTyne Court, Haddington, EH413
£4,00005/241.15 miLennoxlove Estate, Haddington, EH415
£99509/241.37 mi-2
£1,10002/242.31 mi-1

Local Area Statistics

 

 

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £155,000

January 30, 2025

Floor Plans

Description

  • Semi-detached house in Haddington +
  • Exciting renovation opportunity +
  • Entrance porch and hall with storage and WC +
  • Generous, south-facing open-plan living and dining room +
  • Kitchen with pantry and garden access +
  • Three bedrooms (one with built-in storage) +
  • Bright bathroom +
  • Good-sized front and rear garden +

Open Viewing Saturday 1st from 9am to 11am and on Sunday 2nd from 2pm to 4pm.

Situated on an established street on the edge of Haddington, this semi-detached house accommodates a large reception room, a kitchen, three bedrooms, a bathroom, and a separate WC, plus good-sized front and rear gardens and off-street parking. The house is in need of complete refurbishment, however, this creates an exciting opportunity for the new owner to create a modern home suited to their own taste and requirements.

The home is sure to appeal to a wealth of buyers and is ideally situated for the varied amenities that Haddington has to offer. These include shops (including several major supermarkets, well-known high street stores, and a wealth of independent retailers), schools at primary and secondary levels, including an independent school, excellent sports, leisure, fitness, entertainment, and cultural venues, lovely open spaces, and transport links connecting across the county and further afield.

Extras: Various freestanding kitchen appliances will be included in the sale. Please note, no warranties or guarantees shall be provided for the appliances.

Agent Details

Gilson Gray LLP, East Lothian

01620 672926

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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