2 Bed Terraced House, Refurb/BRRR, Hayle, TR27 4LR, £185,000

Higher Church Street, Hayle, Cornwall, TR27 4LR - 3 views - 17 days ago

Refurb/BRRR

ROI: 8%

~68 m²

+16 photos

ValuationFair Value

Sold Prices	£129.9K - £385K
Sold Prices/m²	£2.1K/m² - £7K/m²

Square Metres	~68.11 m²
Price/m²	£2.7K/m²
Value Estimate	£188,700£188,700

End Value (After Refurb)	£195,660£195,660
Uplift in Value	+6%+6%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£46,250£46,250
Stamp Duty & Legal Fees	£10,450£10,450
Refurb Costs	£29,720£29,720
Bridging Loan Interest	£4,856£4,856
Total Cash In	£93,026£93,026

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£195,660£195,660
Mortgage (After Refinance)	£146,745£146,745
Mortgage LTV	75%75%
Cash Released	£7,995£7,995
Cash Left In	£85,031£85,031
Equity	£48,915£48,915
Rent Range	£795 - £2,700£795 - £2,700
Rent Estimate	£1,534
Running Costs/mo	£938£938
Cashflow/mo	£596£596
Cashflow/yr	£7,149£7,149
ROI	8%8%
Gross Yield	10%10%

Local Sold Prices

50 sold prices from £129.9K to £385K, average is £235.3K. £2.1K/m² to £7K/m², average is £3.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£215K	12/20	0.04 mi	14, Bodriggy Street, Hayle, Cornwall TR27 4NB	£3,359	64	2	Terraced House
£237K	04/24	0.04 mi	17, St Johns Street, Hayle, Cornwall TR27 4LL	£3,118	76	2	Terraced House
£270K	02/23	0.05 mi	14, Bodriggy Street, Hayle, Cornwall TR27 4NB	£4,219	64	2	Terraced House
£195K	07/21	0.07 mi	53, St Johns Street, Hayle, Cornwall TR27 4LN	£3,980	49	2	Terraced House
£275K	12/22	0.07 mi	76, St Johns Street, Hayle, Cornwall TR27 4LN	£4,583	60	2	Terraced House
£270K	10/20	0.07 mi	46, St Johns Street, Hayle, Cornwall TR27 4LN	£2,842	95	2	Terraced House
£180K	03/23	0.07 mi	37, St Johns Street, Hayle, Cornwall TR27 4LN	£3,158	57	2	Terraced House
£210K	10/22	0.08 mi	6, Chapel Lane, Hayle, Cornwall TR27 4LS	-	-	2	Terraced House
£265K	04/23	0.1 mi	79a, Fore Street, Hayle, Cornwall TR27 4DX	£3,841	69	2	Terraced House
£233.5K	09/23	0.12 mi	6, Prospect Place, Hayle, Cornwall TR27 4LT	-	-	2	Terraced House
£260K	04/24	0.12 mi	21, Rounders Rise, Hayle, Cornwall TR27 4FF	£4,063	64	2	Terraced House
£178K	06/21	0.15 mi	6, Hillcrest Road, Hayle, Cornwall TR27 4NR	-	-	2	Detached House
£250K	11/22	0.15 mi	79, Fore Street, Hayle, Cornwall TR27 4DX	£3,828	65	2	Terraced House
£187K	08/21	0.16 mi	81, Fore Street, Hayle, Cornwall TR27 4DX	£2,833	66	2	Terraced House
£185.1K	03/21	0.16 mi	102, Commercial Road, Hayle, Cornwall TR27 4DJ	£2,403	77	2	Terraced House
£165K	04/21	0.19 mi	27, Trelawney Place, Hayle, Cornwall TR27 4LF	£2,146	77	2	Semi-Detached House
£265.5K	12/23	0.2 mi	39, Long Croft Crescent, Hayle, Cornwall TR27 4FT	£3,739	71	2	Semi-Detached House
£180K	12/20	0.22 mi	30, Prospect Place, Hayle, Cornwall TR27 4LU	£2,250	80	2	Detached House
£255K	01/23	0.22 mi	32, Prospect Place, Hayle, Cornwall TR27 4LU	-	-	2	Detached House
£165K	05/21	0.23 mi	17, Bowling Green Court, Hayle, Cornwall TR27 4RP	£2,500	66	2	Terraced House
£275K	08/22	0.23 mi	Chy-lowen, Humphry Davy Lane, Hayle, Cornwall TR27 4AR	£3,884	71	2	Semi-Detached House
£226K	11/23	0.23 mi	6, Bowling Green Court, Hayle, Cornwall TR27 4RP	£3,511	64	2	Semi-Detached House
£278K	05/23	0.24 mi	48, Commercial Road, Hayle, Cornwall TR27 4DH	-	-	2	Terraced House
£335K	09/23	0.24 mi	15, Dracaena Avenue, Hayle, Cornwall TR27 4LZ	£4,926	68	2	Detached House
£173K	05/21	0.28 mi	13, Mount Pleasant, Hayle, Cornwall TR27 4LD	£2,084	83	2	Terraced House
£200K	03/21	0.3 mi	21, Commercial Road, Hayle, Cornwall TR27 4DE	£2,519	79	2	Terraced House
£215K	12/23	0.33 mi	11, Cornubia Close, Hayle, Cornwall TR27 4RL	£3,772	57	2	Semi-Detached House
£179.9K	07/21	0.35 mi	15, Ellis Close, Hayle, Cornwall TR27 4SA	£3,157	57	2	Terraced House
£156.5K	02/21	0.36 mi	20, Chy Kensa Close, Hayle, Cornwall TR27 4RR	£2,795	56	2	Terraced House
£208.5K	05/21	0.4 mi	6, Phillack Hill, Phillack, Hayle, Cornwall TR27 5AD	£3,475	60	2	Terraced House
£287.5K	12/22	0.41 mi	36, Hayle Terrace, Hayle, Cornwall TR27 4BT	-	-	2	Terraced House
£255K	04/21	0.41 mi	42, Hayle Terrace, Hayle, Cornwall TR27 4BT	-	-	2	Terraced House
£185K	06/21	0.42 mi	43, St Georges Road, Hayle, Cornwall TR27 4AL	-	-	2	Detached House
£129.9K	12/20	0.43 mi	41, Bay View Terrace, Hayle, Cornwall TR27 4JY	£2,203	59	2	Semi-Detached House
£255K	08/21	0.43 mi	19, Caroline Row, Hayle, Cornwall TR27 4EQ	£3,592	71	2	Terraced House
£197.5K	01/21	0.43 mi	19, Caroline Row, Hayle, Cornwall TR27 4EQ	£2,782	71	2	Terraced House
£245K	06/23	0.43 mi	35, Caroline Row, Hayle, Cornwall TR27 4EQ	£2,526	97	2	Terraced House
£385K	10/20	0.46 mi	21, Ventonleague Hill, Hayle, Cornwall TR27 4EH	£3,812	101	2	Detached House
£215K	03/23	0.49 mi	12, Nanpusker Close, Angarrack, Hayle, Cornwall TR27 5LG	-	-	2	Semi-Detached House
£240K	12/20	0.5 mi	2, Gwel Tek, Phillack, Hayle, Cornwall TR27 4QN	£4,898	49	2	Detached House
£220K	02/23	0.5 mi	6, Penwithian Close, Hayle, Cornwall TR27 4PD	-	-	2	Semi-Detached House
£350K	11/22	0.51 mi	23, Forth An Tewennow, Phillack, Hayle, Cornwall TR27 4QE	£5,738	61	2	Detached House
£327K	06/22	0.51 mi	13, Forth An Tewennow, Phillack, Hayle, Cornwall TR27 4QE	£6,957	47	2	Semi-Detached House
£310K	04/24	0.52 mi	6, Amal An Avon, Phillack, Hayle, Cornwall TR27 4QD	£4,921	63	2	Bungalow
£212.5K	05/23	0.53 mi	2, West Terrace, Hayle, Cornwall TR27 4JS	£4,167	51	2	Terraced House
£310K	10/23	0.53 mi	3, Chy An Dowr, Hayle, Cornwall TR27 4QH	£5,326	58	2	Detached House
£315K	07/23	0.54 mi	20, Beverley Crescent, Hayle, Cornwall TR27 4PU	-	-	2	Detached House
£230K	04/23	0.54 mi	9, Beverley Crescent, Hayle, Cornwall TR27 4PU	£4,792	48	2	Semi-Detached House
£256K	03/21	0.55 mi	7, Gwarth An Dre, Hayle, Cornwall TR27 4QJ	£3,821	67	2	Semi-Detached House
£325K	06/21	0.56 mi	2, Gwarth An Dre, Hayle, Cornwall TR27 4QJ	£5,804	56	2	Detached House

Local Rents

13 rents from £795/mo to £2.7K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£795	12/24	0.11 mi	-	2	Flat
£795	10/24	0.11 mi	-	2	Flat
£850	12/24	0.13 mi	-	2	Flat
£1,100	10/24	0.21 mi	Hayle. TR27 4FT	2	Flat
£950	12/24	0.35 mi	-	2	Terraced House
£950	10/24	0.35 mi	-	2	Terraced House
£950	12/24	0.35 mi	-	2	Terraced House
£950	10/24	0.52 mi	Station Hill, Hayle	2	Flat
£2,400	11/23	0.56 mi	-	2	Flat
£2,400	11/23	0.56 mi	-	2	Flat
£2,700	02/24	0.56 mi	-	2	Flat
£2,400	01/24	0.56 mi	-	2	Flat
£2,700	04/24	0.56 mi	-	2	Flat

Local Area Statistics

Population in TR27	14,77614,776
Town centre distance	0.48 miles away0.48 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.53 miles away0.53 miles away

Rental growth (12m)	+9%+9%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+43%+43%