Contact Us:

+44 (0)121 2859377

info@investingnorth.co.uk

SOLD
Brereton Avenue, Cleethorpes

 

Property Address:

 

SOLD - Brereton Avenue
Cleethorpes
DN357RA

 

Property Details:

 
  • Spacious 3 Bedroom property
  • Front and Back Garden
  • Large Through Lounge
  • Kitchen Diner
 

This is a good opportunity to buy a good 3 bedroom property in Cleethorpes, the property does require a scheme of works so there is a good opportunity to force the appreciation up and pull out most of your money.

 

Reason For Sale

 

other

Financial Information:

 
  • Cashflow: £116
  • Purchase Price: £50,000
  • Estimated Refurb: £14,000
  • Estimated Value after works: £85,000
  • Market Rental: £475
  • Sourcing Fee: £3,297
  • Project Management Fee: £1,400
 

Comparables

Comparable Sale

Brereton Avenue - Offers in the region of £89 950 - 3 bedroom terraced house for sale - Crofts

Brereton Avenue - £89 950 - 3 Bedroom Terraced - Jackson Green & Preston

Brereton Avenue - £75 000 - 3 Bedroom Terrrace - Pygott & Crone This property is in need of work!

Comparable Sold

150 Brereton Ave - 3 bedroom terrace - 24th May 2013 - £82 000

307 Brereton Ave - 3 bedroom terrace - 10th May 2013 - £90 000

308 Brerton Ave - Semi detached - 4th April 2014 - £139 950 I appreciate this is a semi and not a terrace but it gives you a good feel for what properties are fetching for in the immediate area

84 Elliston Street - Semi detached - 30th April 2013 - £85 000

Data from Zoopla

 

 

Comparable Let

Barcroft Street, Cleethorpes - £498pcm - 3 bedroom terrace

Elliston Street, Cleethorpes - £475pcm - 2 bedroom terrace

What do I do next?

  1. Carry out your own due diligence
  2. Contact us and pay £500 to reserve the property
  3. Complete and sign our sourcing agreement
  4. We will then instruct our team to commence the purchase on your behalf

We can assist you with the project management of the works and offer full management on the rental side

Regarding the cashflow calculation above, we have based this on 5% interest only mortgage at a 75% Loan to value, mortgage products change all the time so you will need to get independant advice


Contact Details:

 

Contact:

Alex Demianenko

Telephone:

+44 (0)121 285 9377

Email:

info@investingnorth.co.uk


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