2 Bed Flat, Single Let, Ardrossan, KA22 8EH, £45,000

Glasgow Street, Ardrossan, Ayrshire, KA22 8EH - a year ago

Sold STC
BTL
ROI: 20%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£25K - £130K

 

 

Square Metres

~68.11 m²

Value Estimate

£43,625

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£2,550

Total Cash In

£13,800

 

 

Cash Out

 

Rent Range

£475 - £1,100

Rent Estimate

£495

Running Costs/mo

£260

Cashflow/mo

£235

Cashflow/yr

£2,825

ROI

20%

Gross Yield

13%

Local Sold Prices

49 sold prices from £25K to £130K, average is £66K.

PriceDateDistanceAddressBeds 
£62K06/210.06 mi93b, Glasgow Street, Ardrossan, Ayrshire KA22 8ER2
£37.5K12/200.06 mi93b, Glasgow Street, Ardrossan, Ayrshire KA22 8ER2
£50K05/210.08 mi10c, Montgomerie Street, Ardrossan, Ayrshire KA22 8EG2
£25K03/210.09 mi12d, Glasgow Street, Ardrossan, Ayr KA22 8EL2
£105K04/210.14 mi106, Mariners View, Ardrossan KA22 8BH2
£110K08/210.14 mi113, Mariners View, Ardrossan, Ayrshire KA22 8BH2
£110K08/210.14 mi63, Mariners View, Ardrossan KA22 8BH2
£98K12/200.14 mi112, Mariners View, Ardrossan, Ayr KA22 8BH2
£76.3K09/210.17 mi1, St. Johns Place, Ardrossan, Ayrshire KA22 8HN2
£90K08/210.21 mi6, Bath Square, Ardrossan, Ayrshire KA22 8DP2
£130K11/210.22 mi16, Mariners View, Ardrossan, Ayrshire KA22 8BF2
£89K06/210.22 mi42, Mariners View, Ardrossan, Ayrshire KA22 8BF2
£110K02/210.22 mi22, Mariners View, Ardrossan, Ayr KA22 8BF2
£85K05/210.22 mi36, Mariners View, Ardrossan, Ayrshire KA22 8BF2
£100K02/210.22 mi12, Mariners View, Ardrossan, Ayr KA22 8BF2
£42K11/210.26 mi24c, Winton Street, Ardrossan, Ayrshire KA22 8JF2
£42K10/210.26 mi22c, Winton Street, Ardrossan, Ayrshire KA22 8JF2
£38K09/210.26 mi18c, Winton Street, Ardrossan, Ayrshire KA22 8JF2
£60K07/210.32 mi10c, Seton Street, Ardrossan, Ayr KA22 8JH2
£45K04/210.32 mi12a, Seton Street, Ardrossan, Ayrshire KA22 8JH2
£70K03/210.36 mi16, Kilmeny Court, Ardrossan, Ayrshire KA22 8DJ2
£66K12/210.36 mi14, Kilmeny Court, Ardrossan, Ayrshire KA22 8DJ2
£48.3K03/210.39 mi21a, Barrie Terrace, Ardrossan, Ayr KA22 8AZ2
£60K06/210.39 mi123, Barrie Terrace, Ardrossan, Ayrshire KA22 8AZ2
£35K12/200.39 mi67, Barrie Terrace, Ardrossan, Ayrshire KA22 8AZ2
£53K04/210.39 mi77, Barrie Terrace, Ardrossan, Ayrshire KA22 8AZ2
£60K05/210.39 mi67, Barrie Terrace, Ardrossan, Ayrshire KA22 8AZ2
£60K08/210.39 mi35, Barrie Terrace, Ardrossan, Ayrshire KA22 8AZ2
£35.5K02/210.4 mi96, Barrie Terrace, Ardrossan, Ayr KA22 8BA2
£55K11/210.44 mi20, Hunter Avenue, Ardrossan, Ayrshire KA22 8BD2
£88K11/210.47 mi8, Lauriston Court, Ardrossan, Ayrshire KA22 8AG2
£115K10/210.58 mi4, Kirkhall Gardens, Ardrossan, Ayrshire KA22 7BX2
£120K11/210.69 mi35, Montgomerie Crescent, Saltcoats, Ayrshire KA21 5BT2
£115K09/210.69 mi26, Montgomerie Crescent, Saltcoats, Ayr KA21 5BT2
£87K04/210.71 mi17, Dasher Gardens, Dalry Road, Ardrossan, Ayrshire KA22 7NN2
£95K09/210.71 mi8, Dasher Gardens, Ardrossan, Ayrshire KA22 7NN2
£93K05/210.71 mi14, Dasher Gardens, Ardrossan, Ayrshire KA22 7NN2
£100K12/210.71 mi17a, Seafield Court, Ardrossan, Ayrshire KA22 8NS2
£39K04/210.76 mi8, Stanley Road, Saltcoats, Ayrshire KA21 5BB2
£41.8K04/210.76 mi25, Stanley Road, Saltcoats, Ayrshire KA21 5BB2
£45.5K02/210.76 mi12, Ailsa Gardens, Ardrossan, Ayrshire KA22 7BW2
£65K12/210.82 mi2, Galloway Place, Saltcoats, Ayrshire KA21 5BD2
£64K07/210.82 mi8, Galloway Place, Saltcoats KA21 5BD2
£56K03/210.82 mi4, Arthurlie Place, Saltcoats, Ayrshire KA21 5BE2
£95K12/210.83 mi2, Burnfoot Lane, Ardrossan KA22 8NY2
£90K04/210.92 mi18b, Melbourne Road, Saltcoats, Ayrshire KA21 5BZ2
£48K04/210.92 mi114, Lambie Court, Saltcoats, Ayrshire KA21 5NB2
£103.5K06/210.94 mi16e, Winton Circus, Saltcoats, Ayrshire KA21 5DA2
£81.2K03/210.96 mi13a, Eglinton Place, Saltcoats, Ayrshire KA21 5BY2

Local Rents

23 rents from £475/mo to £1.1K/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£59504/240.06 miGlasgow Street, Ardrossan, KA222
£60005/240.06 miGlasgow Street, Ardrossan, KA222
£64504/240.06 mi-2
£64504/240.06 mi-2
£60006/240.06 mi-2
£1,10001/240.07 mi-2
£1,10001/240.07 mi-2
£57505/240.09 miHill Street, Ardrossan2
£57505/240.09 miHill Street, Ardrossan2
£50006/240.17 miSt. Johns Place,Ardrossan,KA222
£52506/230.17 mi-2
£52506/230.17 mi-2
£52506/230.17 mi-2
£49504/240.17 miSt. Johns Place, Ardrossan, Ayrshire, KA222
£49501/240.22 miWinton Court, Ardrossan, Ayrshire, KA222
£60004/240.22 miMariners View, Ardrossan, North Ayrshire, KA222
£55004/240.29 miWinton Street, Ardrossan, Ayrshire, KA222
£50004/240.32 mi'Seton Court', Seton Street, Ardrossan, Ayrshire, KA222
£55001/240.32 miCaledonia Crescent, Ardrossan, Ayrshire, KA222
£47507/230.38 mi-2
£47507/230.38 mi-2
£53002/250.38 mi-2
£63501/240.58 miBirch Terrace, Ardrossan, Ayrshire, KA222

Local Area Statistics

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £45,000

January 24, 2024

Sold for £33,500

2018

Floor Plans

Description

A two bedroom upper flat presented as a tenanted investment opportunity currently achieving £7,200 per annum located in the heart of Ardrossan boasting a lucrative 16% yield.

Placed within the first floor, the accommodation extends to entrance hall, lounge, kitchen, two bedrooms and three-piece bathroom suite.

Benefitting from gas central heating, double glazing and current tenants in-situ paying £600pcm / £7,200 per annum - a very lucrative 16% yield!

Glasgow Street is home to a range of local amenities, supermarkets, leisure facilities, doctors / dental surgeries all of which are within comfortable walking distance. Ardrossan ferry terminal with direct sailings to the isles of Arran and Campbeltown is also a short stroll from the property.

ROOM DIMENSIONS:

Lounge: 3'28 x 4'54
Kitchen: 4'48 x 2'66
Bedroom 1: 3'06 x 2'79
Bedroom 2: 2'99 x 2'78
Bathroom: 1'67 x 2'66

DISCLAIMER:

This property is being sold in its present condition and no warranty will be given to any purchaser with regard to the existence or condition of the services or any heating or other system within the property. Any intending purchasers will be required to accept the position as it exists since no testing of any services or systems can be allowed. No moveable items will be included in the sale.

Agent Details

MacKenzie Way, Ayrshire

01294 442335

Next Steps?

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