2 Bed Flat, Single Let, Glasgow, G72 7FN, £111,000

Silverbanks Court, Glasgow, G72 7FN - 1 views - a year ago

BTL
ROI: 6%
~69 m²
+26 photos

ValuationOvervalued

Sold Prices£40K - £220K

 

 

Square Metres

~68.60 m²

Value Estimate

£57,375

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,750

Stamp Duty & Legal Fees

£4,530

Total Cash In

£32,280

 

 

Cash Out

 

Rent Range

£649 - £1,595

Rent Estimate

£650

Running Costs/mo

£497

Cashflow/mo

£153

Cashflow/yr

£1,838

ROI

6%

Gross Yield

7%

Local Sold Prices

29 sold prices from £40K to £220K, average is £120K.

PriceDateDistanceAddressBeds 
£98.5K02/210.03 mi12, Silverbanks Road, Cambuslang, Glasgow, Lan G72 7FJ2
£110K07/210.06 mi42, Silverbanks Gait, Cambuslang, Glasgow G72 7FL2
£120K08/210.22 mi8, Whinfield Avenue, Cambuslang, Glasgow, Lanarkshire G72 7DH2
£210K10/210.55 mi57, Greystone Avenue, Rutherglen, Glasgow, Lanarkshire G73 3SW2
£95K05/210.67 mi6, Kirk Mews, Cambuslang, Glasgow, Lanarkshire G72 8HY2
£180K04/210.7 mi7c, Greystone Avenue, Rutherglen, Glasgow G73 3SN2
£145.5K09/210.7 mi155, Hamilton Road, Rutherglen, Glasgow, Lanarkshire G73 3BE2
£220K09/210.72 mi20, St. Ronans Drive, Rutherglen, Glasgow, Lanarkshire G73 3SP2
£96K04/210.72 mi21, Fishescoates Gardens, Burnside, Rutherglen G73 5NR2
£200K10/210.75 mi28, Scioncroft Avenue, Rutherglen, Glasgow, Lan G73 3HS2
£135K11/210.78 mi211, Blairbeth Road, Rutherglen, Glasgow, Lanark G73 5DN2
£190K11/210.81 mi82, Rosslyn Avenue, Rutherglen, Glasgow, Lanarkshire G73 3EY2
£142.5K05/210.82 mi5, Stewart Court, Rutherglen, Glasgow, Lanarkshire G73 3PP2
£172K03/210.84 mi98, Dryburgh Avenue, Rutherglen, Glasgow, Lanarkshire G73 3ET2
£62.5K08/210.84 mi28, Warriston Way, Rutherglen, Glasgow, Lanarkshire G73 5JB2
£58K08/210.87 mi26, Strathmore Gardens, Rutherglen, Glasgow, Lanarkshire G73 5JF2
£177K02/210.89 mi86, Dryburgh Avenue, Rutherglen, Glasgow G73 3ES2
£98K05/210.89 mi4a, Vicarland Place, Cambuslang, Glasgow, Lanarkshire G72 8QE2
£180K10/210.9 mi45, Snaefell Crescent, Rutherglen, Glasgow, Lanarkshire G73 5BY2
£102K10/210.93 mi48, Gardenside Crescent, Glasgow, Lan G32 8DU2
£40K05/210.93 mi89, Cruachan Road, Rutherglen, Glasgow, Lanarkshire G73 5HW2
£165K03/210.95 mi37, Dryburgh Avenue, Rutherglen, Glasgow, Lanarkshire G73 3EU2
£118K03/210.95 mi47, Croft Gardens, Cambuslang, Glasgow, Lanarkshire G72 8HQ2
£115K04/210.95 mi1, Croft Gardens, Cambuslang, Glasgow, Lanarkshire G72 8HQ2
£43K12/210.95 mi1 2/1, Vicarland Road, Cambuslang, Glasgow, Lanarkshire G72 8LJ2
£161.3K09/210.97 mi28, Croft Road, Cambuslang, Glasgow, Lanarkshire G72 8LB2
£134K09/210.97 mi2, Peveril Court, Rutherglen, Glasgow, Lanarkshire G73 4RE2
£46K09/210.97 mi91a, Ross Place, Rutherglen, Glasgow, Lanarkshire G73 5HB2
£55.5K05/210.99 mi55, Cruachan Road, Rutherglen, Glasgow, Lanarkshire G73 5HH2

Local Rents

43 rents from £649/mo to £1.6K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£77504/240.01 miSilverbanks Court, Glasgow2
£89501/240.03 mi-2
£85012/240.03 mi-2
£89502/250.18 mi-2
£80012/240.27 miBogleshole Road, Cambuslang2
£67504/240.54 miMain Street, Cambuslang, G722
£85012/240.61 mi-2
£82504/240.63 miMain Street, Cambuslang2
£69002/250.67 mi-2
£77504/240.72 miFishescoates Gardens, Glasgow, G732
£89504/250.73 mi-2
£75012/240.73 mi-2
£71104/240.77 miDukes Road, Glasgow, G732
£75012/240.8 miFreeneuk Lane, Cambuslang2
£1,59512/240.81 mi-2
£1,59512/240.81 miArthur Walk, Cambuslang, Glasgow, G722
£1,00001/240.88 mi-2
£75004/240.89 miRoss Place, Sprinhall2
£89505/240.91 miHighburgh Drive, Burnside, G73 3RZ2
£77511/230.91 mi-2
£75004/250.95 mi-2
£72512/240.97 miCroft Road , Glasgow, G72 8LB2
£1,18502/240.97 mi-2
£1,20005/240.97 mi-2
£70010/230.99 mi-2
£69504/241.04 miCairns Road, Cambuslang, G722
£85004/241.04 miWardlaw Drive, Rutherglen2
£85004/241.05 miWardlaw Drive , Rutherglen2
£77512/241.05 mi-2
£77512/241.05 miCairns Road, Cambuslang, Glasgow, G722
£95004/241.06 miMelrose Avenue, Rutherglen, G732
£95004/241.06 miMelrose Avenue, Rutherglen, Glasgow, G732
£78012/231.06 mi-2
£92502/251.07 mi-2
£75004/241.1 miCambuslang Road, Rutherglen, Glasgow, G732
£72504/241.15 miFlat 1/2 283 King Street Rutherglen G73 1DQ2
£75004/241.18 miHugh Murray Grove, Cambuslang, Glasgow, G722
£85001/251.19 mi-2
£89512/241.2 mi-2
£94003/251.2 mi-2
£90004/251.22 mi-2
£64903/241.23 mi-2
£65001/241.23 mi-2

Local Area Statistics

 

 

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £111,000

May 27, 2024

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers. +
  • 2 Bedrooms +
  • 2 Bathrooms +
  • Spacious Lounge and Kitchen +
  • Storage Room +
  • Parking +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

This is a 2-bedroom flat located in Glasgow. With valuable amenities in close proximity, rewarding rental returns and a tenant currently situated, this is a fantastic opportunity for investors looking to expand their portfolio!

The home features 2 bedrooms, 2 bathrooms with dedicated closet space, spacious lounge and kitchen, storage room, and parking.

Investment Details

It currently produces an annual gross income of £7,800 which could be increased by the new owner to a market rate of £10,512 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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