3 Bed Terraced House, Refurb/BRRR, Milnthorpe, LA7 7DF, £195,000

Summerville Road, Milnthorpe, LA7 7DF - a month ago

Refurb/BRRR
~93 m²
+11 photos

ValuationFair Value

Sold Prices£140K - £385K
Sold Prices/m²£1.9K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.1K/m²

Value Estimate

£195,000

 

 

End Value (After Refurb)

£252,203

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,050

Refurb Costs

£37,600

Bridging Loan Interest

£5,119

Total Cash In

£100,269

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£252,203

Mortgage (After Refinance)

£189,153

Mortgage LTV

75%

Cash Released

£42,903

Cash Left In

£57,366

Equity

£63,051

Rent Range

£595 - £1,650

Rent Estimate

£937

Running Costs/mo

£996

Cashflow/mo

£-59

Cashflow/yr

£-702

Gross Yield

6%

Local Sold Prices

41 sold prices from £140K to £385K, average is £226K. £1.9K/m² to £4.3K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£222K01/210 mi2, Summerville Road, Milnthorpe, Cumbria LA7 7DF3
£220K11/220 mi16, Summerville Road, Milnthorpe, Cumbria LA7 7DF3
£245K01/220.01 mi29, Summerville Road, Milnthorpe, Cumbria LA7 7DF3
£159.5K06/230.06 mi17, Wyndsore Avenue, Milnthorpe, Westmorland And Furness LA7 7DB3
£235K07/220.07 mi18, Wyndsore Avenue, Milnthorpe, Cumbria LA7 7DB3
£225K04/210.08 mi63, Ryleyfield Road, Milnthorpe, Cumbria LA7 7PU3
£227.5K04/220.09 mi91, Ryleyfield Road, Milnthorpe, Cumbria LA7 7PU3
£225K05/230.13 mi71, Ryleyfield Road, Milnthorpe, Westmorland And Furness LA7 7PT3
£150K01/210.13 mi86, Ryleyfield Road, Milnthorpe, Cumbria LA7 7PU3
£200K01/210.13 mi17, Ryleyfield Road, Milnthorpe, Cumbria LA7 7PT3
£242K11/210.13 miHarmony Barn, Harmony Hill, Milnthorpe, Cumbria LA7 7QA3
£242K11/210.13 miHarmony Barn, Harmony Hill, Milnthorpe, Cumbria LA7 7QA3
£240K05/210.13 mi1, Harmony Hill, Milnthorpe, Cumbria LA7 7QA3
£295K07/230.14 mi20, Hillcrest, Milnthorpe, Westmorland And Furness LA7 7RG3
£185K01/210.15 mi10, St Anthonys Hill, Milnthorpe, Cumbria LA7 7DU3
£289.9K04/230.16 mi8, Dallam Chase, Milnthorpe, Westmorland And Furness LA7 7DW3
£260K12/200.16 mi15, Dallam Chase, Milnthorpe, Cumbria LA7 7DW3
£245K09/220.18 mi23, Church Street, Milnthorpe, Cumbria LA7 7DX3
£178.5K11/210.19 mi3, Flowerden Court, Milnthorpe, Cumbria LA7 7BY3
£235K03/220.19 mi43, Church Street, Milnthorpe, Cumbria LA7 7DX3
£178.5K11/210.19 mi3, Flowerden Court, Milnthorpe, Cumbria LA7 7BY3
£360K10/200.2 miChesterfield House, 9, Chestnut Way, Milnthorpe, Cumbria LA7 7RB3
£295K11/210.2 mi58, Church Street, Milnthorpe, Cumbria LA7 7DZ3
£245K01/220.2 mi127, Church Street, Milnthorpe, Cumbria LA7 7DZ3
£150K03/210.21 mi1, Printers Mews, Milnthorpe, Cumbria LA7 7QY3
£203K12/220.25 mi33, Owlet Ash Fields, Milnthorpe, Cumbria LA7 7DA3
£164K09/210.29 mi16, Owlet Ash Fields, Milnthorpe, Cumbria LA7 7DA3
£140K04/210.29 mi40, Owlet Ash Fields, Milnthorpe, Cumbria LA7 7DA3
£164K09/210.29 mi16, Owlet Ash Fields, Milnthorpe, Cumbria LA7 7DA3
£220K12/220.29 mi15, Owlet Ash Fields, Milnthorpe, Cumbria LA7 7DA3
£210K09/220.3 mi97, Owlet Ash Fields, Milnthorpe, Cumbria LA7 7DR3
£169.9K02/210.32 mi24, Firs Road, Milnthorpe, Cumbria LA7 7QF3
£215K10/200.36 mi2, Dallam View, Milnthorpe, Cumbria LA7 7QX3
£218.6K07/220.38 mi13, Firs Close, Milnthorpe, Cumbria LA7 7QG3
£226K10/220.39 mi3, Firs Close, Milnthorpe, Westmorland And Furness LA7 7QG3
£341K02/230.71 mi35, Dugg Hill, Heversham, Milnthorpe, Cumbria LA7 7EF3
£275.5K07/220.72 mi33, Dugg Hill, Heversham, Milnthorpe, Cumbria LA7 7EF3
£315K09/220.82 mi4, Park House Drive, Heversham, Milnthorpe, Cumbria LA7 7EG3
£385K04/220.84 mi7, Park House Drive, Heversham, Milnthorpe, Cumbria LA7 7EG3
£246K01/210.93 miSt. Peters Cottage, Woodhouse Lane, Heversham, Milnthorpe, Cumbria LA7 7EW3
£365K01/210.93 miStonethwaite, Woodhouse Lane, Heversham, Milnthorpe, Cumbria LA7 7EW3

Local Rents

30 rents from £595/mo to £1.6K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85009/240.13 mi3 St. Anthonys Close, Milnthorpe1
£97511/230.2 mi-3
£60010/230.22 mi6 The Square, Milnthorpe, Cumbria, LA7 7QJ2
£59507/240.22 mi6 The Square, Milnthorpe, LA7 7QJ2
£65001/240.27 mi-2
£85007/240.31 mi80 Park Road, Milnthorpe, LA7 7AD3
£75002/240.33 mi-1
£88004/240.33 mi-1
£78007/240.33 mi-1
£1,20009/240.33 mi-1
£84010/240.33 mi-1
£75005/240.39 mi23 Bela Forge, Milnthorpe, Cumbria, LA7 7RE2
£80005/240.44 miMill Lane, Beetham Road, Milnthorpe, LA72
£1,45010/230.5 miParkside House, Milnthorpe, LA7 7AN4
£1,30004/240.53 mi-3
£75004/241.22 miWatersedge, Sanside, Milnthorpe2
£85009/241.27 miHerons Quay, Sandside, Milnthorpe, Cumbria, LA7 7HW2
£82507/241.3 miBeetham House, Beetham, Milnthorpe, Cumbria, LA72
£82508/241.3 miBeetham House, Beetham, Milnthorpe, Cumbria, LA72
£69504/241.32 miSandside, Milnthorpe, LA7 7HW2
£89504/241.33 miHerons Quay, Sandside, Milnthorpe, Cumbria, LA7 7HW2
£89508/241.33 miHerons Quay, Sandside, Milnthorpe, Cumbria, LA7 7HW2
£1,65005/241.42 miLeasgill, Milnthorpe, LA7 7FG4
£1,50010/231.43 miParsonage Farmhouse, Beetham, Milnthorpe, LA7 7AL4
£75005/241.53 mi3 Greenside Court, Hincaster2
£65007/241.53 mi2 Greenside Court, Hincaster1
£95005/241.54 miElmwood, Hincaster2
£1,30007/241.69 miStorth Road, Storth, Milnthorpe, Cumbria, LA73
£1,20004/242.3 miOrchard Cottage, Carr Bank road, Carr Bank, Cumbria LA7 7LB3
£1,10004/242.32 miCarr Bank Road, Carr Bank, Milnthorpe3

Local Area Statistics

Population in LA7

5,107

Town centre distance

0.27 miles away

Nearest school

0.10 miles away

Nearest train station

3.03 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £195,000

February 24, 2025

Floor Plans

Description

  • Three Bedroom Mid Terrace House +
  • Spacious Lounge with Feature Fireplace & Wood Burner +
  • Kitchen with Breakfast Bar & Separate Utility Room +
  • Modern Bathroom Suite +
  • Large Converted Loft Room +
  • Generous Low-Maintenance Garden with Decked Terrace +
  • Driveway Parking for Two Cars +
  • Opportunity for Refurbishment & Modernisation +
  • Close to Amenities, Schools & Road/Transport Links +
  • Guide Price £195,000 - £200,000 +

INTERNAL: Entrance Hall - The front entrance door opens to the hall, with the carpeted staircase leading up to the first floor landing, a radiator and a door to the lounge. Lounge - Offering generous space for furniture with a front aspect double glazed window, carpeted flooring, a feature fireplace housing a wood burning stove with a wood mantel and a tiled hearth, a radiator and a door to the kitchen. Kitchen/Diner - Fitted with a range of wall and base units with complementing worktops, a breakfast bar, an inset stainless steel sink basin with a drainer and mixer tap, space and plumbing for appliances, a rear aspect double glazed window, vinyl flooring, tiled splashbacks, a radiator and a door to the rear lobby. Rear Lobby - With a recessed store cupboard and doors to the utility room and to the side passageway.  Utility Room - L-shaped room providing space for storage and for appliances with plumbing for a washing machine/tumble dryer. First Floor Landing - With carpeted flooring and doors to the bedrooms, the bathroom and to the staircase leading up to the loft room. Bedroom One - Large double sized bedroom with a front aspect double glazed window, carpeted flooring and a radiator. Bedroom Two - Double sized bedroom with a front aspect double glazed window, carpeted flooring and a radiator. Bedroom Three - Single sized bedroom with a front aspect double glazed window, carpeted flooring and a radiator. Bathroom - Modern suite comprising a box fitted push button WC, a vanity unit fitted wash hand basin, a panelled bath with a wider shower area with an overhead shower and tinted glass screen, an obscure rear aspect double glazed window, built-in storage cupboards and tiled walls. Loft Room - Generous converted loft which can be used for a range of uses, with a vaulted ceiling, Velux skylight windows, carpeted flooring and eaves storage. EXTERNAL: To the front is a stove paved and chipped driveway providing off-road parking for two cars and there is a sheltered passageway leading to the rear lobby and the garden. To the rear is a generous low-maintenance garden which is mostly paved with an area of artificial lawn and a decked terrace. Early viewing is highly recommended due to the property being realistically priced. ADDITIONAL INFORMATION: Council Tax Band: B Local Authority: South Lakeland Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

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