3 Bed Flat, Single Let, Beith, KA15 1AQ, £85,000

Eglinton Street, BEITH, KA15 1AQ - 1 views - 3 years ago

BTL

ROI: 11%

~93 m²

+6 photos

ValuationOvervalued

Sold Prices	£60K - £255K

Square Metres	~93 m²
Value Estimate	£64,500£64,500

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£21,250£21,250
Stamp Duty & Legal Fees	£3,750£3,750
Total Cash In	£25,000£25,000

Cash Out
Rent Range	£630 - £1,400£630 - £1,400
Rent Estimate	£650
Running Costs/mo	£416£416
Cashflow/mo	£234£234
Cashflow/yr	£2,813£2,813
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

12 sold prices from £60K to £255K, average is £112K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£127K	05/21	0.07 mi	62, Whang House, Eglinton Street, Beith KA15 1AQ	-	-	3	Flat
£68K	11/21	0.07 mi	44, Eglinton Street, Beith, Ayrshire KA15 1AQ	-	-	3	Flat
£90K	12/20	0.07 mi	36, Eglinton Street, Beith, Ayrshire KA15 1AQ	-	-	3	Flat
£61K	02/21	0.23 mi	26, Head Street, Beith, Ayrshire KA15 2EU	-	-	3	Flat
£255K	09/21	0.44 mi	6, Cuff Crescent, Beith, Ayrshire KA15 1LT	-	-	3	Flat
£135.5K	03/21	1.81 mi	14, Kersland Road, Glengarnock, Beith, Ayrshire KA14 3BA	-	-	3	Flat
£167K	05/21	1.89 mi	Lochview, East Lochhead, Kilbirnie Road, Lochwinnoch, Renfrewshire PA12 4DX	-	-	3	Flat
£84.8K	03/21	1.9 mi	29, Balgray Road, Barrmill, Beith, Ayrshire KA15 1HP	-	-	3	Flat
£190K	02/21	1.97 mi	4, Holms Road, Glengarnock, Beith, Ayrshire KA14 3AD	-	-	3	Flat
£60K	05/21	2.1 mi	5, Townhead, Kilbirnie, Ayrshire KA25 7AZ	-	-	3	Flat
£97K	08/21	2.11 mi	21, Eastern Crescent, Kilbirnie, Ayrshire KA25 6JH	-	-	3	Flat
£130K	03/21	2.54 mi	3, Greenhills, Barrmill, Beith, Ayrshire KA15 1HJ	-	-	3	Flat

Local Rents

11 rents from £630/mo to £1.4K/mo, average is £695/mo.

Rent	Date	Distance	Address	Beds	Type
£680	03/24	0 mi	-	3	Flat
£1,100	08/24	0 mi	-	3	Flat
£695	04/24	0.34 mi	-	3	Semi-Detached House
£680	12/24	0.38 mi	-	3	Terraced House
£630	06/24	0.41 mi	Acacia Drive, Beith, KA15	3	Terraced House
£630	02/24	0.41 mi	-	3	Terraced House
£630	07/24	0.41 mi	-	3	Terraced House
£695	09/24	0.41 mi	-	3	Terraced House
£695	08/24	0.41 mi	Sycamore Avenue, Beith, KA15	3	Terraced House
£900	06/24	0.53 mi	Cypress Avenue, Beith	3	Semi-Detached House
£1,400	04/24	0.6 mi	Spiers Avenue, Beith	3	Flat

Local Area Statistics

Population in Beith	7,6997,699
Town centre distance	1.02 miles away1.02 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.79 miles away1.79 miles away

Rental growth (12m)	-39%-39%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+29%+29%

Property History

Listed for £85,000

September 8, 2022

Description

Sapcious lounge +
Modern fitted kitchen +
3 Double bedrooms +
Bathroom +
En-suite shower room +
Gas central heating +
Double glazing +
Tenant £650 pcm +

This fantastically presented, upper 3 Bedroomed Duplex flat, entered via its own front door on the ground floor.

First floor, Spacious Lounge plus Dining Area, a modern Fitted Kitchen and a Superb Family Bathroom. Proceeding upstairs, you’ll find Three beautifully presented Bedrooms, one with a Master Ensuite Shower Room. Complete with gas central heating and double glazing.

The property is currently let to long-term tenant who keeps the property in great condition and is currently paying 650 PCM. The tenant is happy to stay should the new owners desire it.

A superb property, a superb investment!

The Home Report Valuation on this Property is £95,000

MUST BE VIEWED TO APPRECIATE

Agent Details

Quicksale Property Auctions Ltd, Glasgow

0141 673 9310

Next Steps?

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

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