3 Bed Semi-Detached House, Refurb/BRRR, Haddington, EH41 3DB, £240,000

18 Lydgait Gardens, Haddington, EH41 3DB - 2 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+20 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Refurb Costs

£38,000

Bridging Loan Interest

£6,300

Total Cash In

£119,250

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£226,250

Mortgage (After Refinance)

£169,688

Mortgage LTV

75%

Cash Left In

£119,250

Equity

£56,563

Rent Range

£775 - £4,000

Rent Estimate

£1,335

Running Costs/mo

£994

Cashflow/mo

£341

Cashflow/yr

£4,092

ROI

3%

Gross Yield

7%













Local Rents

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

RentDateDistanceAddressBeds 
£1,50001/240.24 mi-3
£1,20002/240.27 mi-3
£1,60007/240.3 mi-4
£77502/240.31 mi-2
£1,30001/250.36 mi-3
£82510/240.5 mi-1
£1,35004/240.51 mi-3
£1,35004/240.51 miTyne Court, Haddington, EH413
£1,25003/240.58 miCHALYBEATE, Haddington, East Lothian, EH412
£98004/240.61 miClerkington Walk, Haddington, East Lothian, EH412
£4,00005/240.91 miLennoxlove Estate, Haddington, EH415
£99509/240.98 mi-2
£1,25005/240.99 miArthurs Way, EH413
£1,35004/241.03 miArthurs Way, Haddington, East Lothian, EH413
£85005/241.06 miHays Walk, Haddington, East Lothian, EH411
£1,45003/241.06 miHays Walk, Haddington, East Lothian, EH413
£82503/241.08 miDavids Way, Haddington, East Lothian, EH411
£1,17505/241.09 miHays Walk, Haddington, East Lothian, EH412

Local Area Statistics

 

 

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £240,000

March 3, 2025

Floor Plans

Description

McEwan Fraser Legal is delighted to present this three-bedroom semi-detached family home, in East Lothian's popular town of Haddington.

Inside, the property benefits from modernisation by the present owners and briefly comprises a spacious living area which has a separate dining area. The living/dining area benefits from front to back windows and modern fittings whilst offering ample space for various freestanding furniture arrangements. The fully equipped kitchen fitted has a gas hob, fan oven, microwave dishwasher and freestanding washing machine and fridge freezer. The kitchen also provides access to the private rear garden.

The house has one main family bathroom on the first floor which is modern with a three-piece suite and there is a WC on the ground floor. There are three bedrooms on the first floor, ranging in size which all have built-in storage.

In addition, the property includes a driveway, garage, and free visitor parking and boasts modern uPVC double-glazed windows and gas central heating making for a warm and cost-effective home, year-round.

Electricity Supply: Scottish Power
Water Supply: Scottish Water
Sewerage: Local Authority
Broadband / Mobile Coverage: BT, Full 4G coverage

Agent Details

McEwan Fraser Legal, Edinburgh

0131 381 4292

Next Steps?

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

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