3 Bed Semi-Detached House, Refurb/BRRR, Harwich, CO12 3NJ, £200,000

Harbour Crescent, Harwich, Essex, CO12 3NJ - 1 views - a month ago

Refurb/BRRR
ROI: 5%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£125K - £365K
Sold Prices/m²£1.3K/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£195,490

 

 

End Value (After Refurb)

£182,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Refurb Costs

£43,788

Bridging Loan Interest

£5,250

Total Cash In

£111,988

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£182,500

Mortgage (After Refinance)

£136,875

Mortgage LTV

75%

Cash Left In

£111,988

Equity

£45,625

Rent Range

£850 - £2,300

Rent Estimate

£1,365

Running Costs/mo

£863

Cashflow/mo

£502

Cashflow/yr

£6,020

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £125K to £365K, average is £202.3K. £1.3K/m² to £3.6K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£240K01/230.08 mi2, Main Road, Harwich, Essex CO12 3LZ3
£162K05/210.08 mi15, Station Road, Harwich, Essex CO12 3LY3
£150K10/200.14 mi51, Albemarle Street, Harwich, Essex CO12 3HN3
£170K06/210.15 mi46, Fernlea Road, Harwich, Essex CO12 3BW3
£172.5K06/230.16 mi37, Mayflower Avenue, Dovercourt, Harwich, Essex CO12 3NW3
£230K10/200.18 mi22, West Street, Harwich, Essex CO12 3DB3
£206K03/210.25 mi48, West Street, Harwich, Essex CO12 3DD3
£237.5K04/210.25 mi40, West Street, Harwich, Essex CO12 3DD3
£250K01/230.25 mi37a, West Street, Harwich, Essex CO12 3DD3
£265K04/230.25 mi38a, West Street, Harwich, Essex CO12 3DD3
£217K03/210.25 mi37a, West Street, Harwich, Essex CO12 3DD3
£150K07/230.27 mi9, Talbot Street, Harwich, Essex CO12 3JQ3
£160K11/200.28 mi32, Grafton Road, Harwich, Essex CO12 3BD3
£270K10/220.31 mi16b, Kings Head Street, Harwich, Essex CO12 3EE3
£185K01/210.34 mi4, Park Road, Harwich, Essex CO12 3BJ3
£125K05/210.37 mi30, Gwynne Road, Harwich, Essex CO12 3BG3
£180K07/210.37 mi31, Gwynne Road, Harwich, Essex CO12 3BG3
£150K10/200.39 mi43, Waddesdon Road, Harwich, Essex CO12 3BA3
£182.5K06/210.49 mi6, Station Road, Dovercourt, Harwich, Essex CO12 3AL3
£207K06/210.52 mi15, Nelson Road, Harwich, Essex CO12 3AH3
£172K12/200.52 mi20, Nelson Road, Harwich, Essex CO12 3AH3
£135K06/210.61 mi18, Hordle Street, Harwich, Essex CO12 3PZ3
£132.5K05/210.61 mi28, Hordle Street, Harwich, Essex CO12 3PX3
£187.5K08/210.62 mi2, Empire Road, Harwich, Essex CO12 3QA3
£160K08/230.62 mi15, Empire Road, Harwich, Essex CO12 3QA3
£174K12/200.62 mi21, Empire Road, Harwich, Essex CO12 3QA3
£270K01/210.66 miQuinta La Mere, Pattricks Lane, Harwich, Essex CO12 3QJ3
£175K02/210.69 mi39, Brooklyn Road, Harwich, Essex CO12 3QF3
£225K07/210.7 mi215, Main Road, Harwich, Essex CO12 3PJ3
£227K03/230.72 mi13, Brooklyn Road, Harwich, Essex CO12 3QE3
£220K04/210.72 mi28, Brooklyn Road, Harwich, Essex CO12 3QE3
£235K11/220.72 mi27, Brooklyn Road, Harwich, Essex CO12 3QE3
£242.5K12/220.72 mi37, Brooklyn Road, Harwich, Essex CO12 3QF3
£255K12/220.73 mi26, Brooklyn Road, Harwich, Essex CO12 3QE3
£225K07/210.74 mi44, Oakland Road, Harwich, Essex CO12 3QG3
£215K11/210.74 mi49, Oakland Road, Harwich, Essex CO12 3QG3
£215K04/210.76 mi6, Oakland Road, Harwich, Essex CO12 3QQ3
£195K03/210.76 mi23, Oakland Road, Harwich, Essex CO12 3QQ3
£235K11/210.79 mi18, Portland Avenue, Harwich, Essex CO12 3QN3
£147K10/200.79 mi11, Lee Road, Harwich, Essex CO12 3SJ3
£198.5K11/220.8 mi13, Portland Crescent, Harwich, Essex CO12 3QH3
£170K11/200.84 mi50, Lee Road, Harwich, Essex CO12 3SG3
£220K11/220.86 mi80, King Georges Avenue, Dovercourt, Harwich, Essex CO12 4AB3
£182K09/210.86 mi20, King Georges Avenue, Harwich, Essex CO12 4AG3
£181.5K02/210.87 mi19, King Georges Avenue, Harwich, Essex CO12 4AG3
£265K01/230.88 mi78, Lee Road, Harwich, Essex CO12 3SB3
£365K11/200.89 mi27, Fronks Road, Harwich, Essex CO12 3RJ3
£225K05/230.9 mi18, Second Avenue, Harwich, Essex CO12 3SQ3
£170K02/210.9 mi1, Second Avenue, Harwich, Essex CO12 3SQ3
£235K06/210.9 mi16, Second Avenue, Harwich, Essex CO12 3SQ3

Local Rents

16 rents from £850/mo to £2.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£2,20005/240.18 mi-3
£2,20012/240.18 miMaria Street, Harwich, CO123
£2,30012/240.18 miMaria Street, Harwich, CO123
£85012/240.19 miVansittart Street, HARWICH3
£90012/240.25 mi-3
£1,20012/240.52 miNelson Road, HARWICH3
£1,20012/240.52 miNelson Road, HARWICH3
£99512/240.59 mi-3
£1,25012/240.69 mi-3
£1,15012/240.69 miHillcrest Court3
£1,20012/240.76 miPortland Avenue, HARWICH3
£1,10012/240.79 miMain Road, Harwich, Essex, CO123
£1,30012/240.95 miMain Road, Harwich, Essex, CO123
£1,40012/241.08 mi-3
£1,40001/251.11 mi-3
£1,19512/241.17 miAshley Road, Dovercourt CO123

Local Area Statistics

Population in CO12

22,251

Town centre distance

1.75 miles away

Nearest school

0.30 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+27%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £200,000

March 6, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • SEA VIEWS +
  • OFF STREET PARKING +
  • Three Bedrooms +
  • Lounge/Diner +
  • Kitchen +
  • Bathroom +
  • Separate WC +
  • Garden +

Situated in an elevated position enjoying sea views is this THREE BEDROOM SEMI-DETACHED HOUSE. The property is in need of renovation but offers excellent potential. With a garden of approximately 75' there is plenty of scope to extend subject to planning.

The property also offeres NO ONWARD CHAIN and OFF ROAD PARKING to the side. Viewing is strongly recommended.

Agent Details

Harwich Village Homes, Harwich

01255 442116

Next Steps?

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