5 Bed Detached House, Refurb/BRRR, Louth, LN11 8EN, £560,000
76 Kenwick Road Louth LN11 8EN - 1 views - a year ago
Refurb/BRRR
~204 m²





+38 photos
ValuationFair Value
Sold Prices | £151K - £635K |
Sold Prices/m² | £1.2K/m² - £2.4K/m² |
| |
Square Metres | ~204.29 m² |
Price/m² | £2.7K/m² |
Value Estimate | £551,444 |
| |
End Value (After Refurb) | £492,149 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £140,000 |
Stamp Duty & Legal Fees | £33,500 |
Refurb Costs | £82,818 |
Bridging Loan Interest | £14,700 |
Total Cash In | £272,768 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £492,149 |
Mortgage (After Refinance) | £369,112 |
Mortgage LTV | 75% |
Cash Left In | £272,768 |
Equity | £123,037 |
Rent Range | £750 - £1,400 |
Rent Estimate | £896 |
Running Costs/mo | £1,737 |
Cashflow/mo | £-841 |
Cashflow/yr | £-10,094 |
Gross Yield | 2% |
Local Sold Prices
7 sold prices from £151K to £635K, average is £540K. £1.2K/m² to £2.4K/m², average is £1.8K/m².
Local Rents
18 rents from £750/mo to £1.4K/mo, average is £850/mo.
Local Area Statistics
Population in LN11 | 28,179 |
Population in Louth | 28,197 |
Town centre distance | 1.17 miles away |
Nearest school | 0.70 miles away |
Nearest train station | 14.44 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +12% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +9% |
Property History
Listed for £560,000
May 14, 2024
Floor Plans

Description
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