Latest Valuation
£105,000
Yield
10%
Selling Agent
Sourced Manchester Central

23% BMV – 4 Bed BTL Investment Opportunity

Great Yarmouth Town Centre
Guide Price
£80,000

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Key Features

  • 23% Below Market Value
  • Great Yarmouth Town Centre
  • 10% Yield
  • £25K Profit on Current Market Value
  • 4 Bedrooms
  • Refurbished and Modernised

The Property

This discounted investment opportunity consists of a 4 bedroom, end-of-terrace house in Great Yarmouth town centre. Since 2015, the house has been rewired, gas connected and new central heating installed, wooden windows replaced for UPVC, new shower room, new kitchen, layout altered to make three of the four bedrooms private, the loft has been insulated.

The property benefits from 2 reception rooms and a back yard.

Vacant possession upon completion.

Great buy-to-let opportunity.

The floorplan was before the alterations, the difference now is the opening from the kitchen to the diner has been widened, the bathroom door has been moved to make room for the sink. Upstairs, there is now a corridor, which makes bedroom 2 private and at the end of the corridor is a door to bedroom 3.

Vacant possession
Achievable rent: £8,320 pa
Yield: 10%
Profit: £25,000
Sourcing fee: £4,000

Planning Information

N/A

The Plan

Our suggested plan for this property is to purchase it and sell for a profit in years to come, while benefitting from the great rental yield and profit from current market value.

Vacant possession
Discount: 23%
Achievable rent: £8,320 pa
Yield: 10%
Sourcing fee: £4,000

The Location

The average price for property in Great Yarmouth stood at £208,424 in May 2020. This is a fall of 0.13% in the last three months (since February 2020) and fall of 0.52% since 12 months ago.

In terms of property types, flats in Great Yarmouth sold for an average of £108,096 and terraced houses for £140,815.

Average estimated value for a house in NR30

£208,424

Below is a comparable - 3 Bed terraced on the same street which sold for £107k in 2007.

https://nethouseprices.com/house-prices/nr301nn

4 Bed Terraced Renovated sold for 140k. Jan 2020.

https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=66574734&sale=56724011&country=england

4 Bed Terraced Renovated, 169k Jan 2020.

https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=66574734&sale=56724011&country=england