2 Bed Flat, Single Let, Dunoon, PA23 8LF, £100,000

Marine Parade, Kirn, Dunoon, Argyll and Bute, PA23 8LF - 1 views - a year ago

Auction
BTL
ROI: 6%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£42K - £335K

 

 

Square Metres

~68.11 m²

Value Estimate

£93,250

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,200

 

 

Cash Out

 

Rent Range

£500 - £1,500

Rent Estimate

£600

Running Costs/mo

£453

Cashflow/mo

£148

Cashflow/yr

£1,770

ROI

6%

Gross Yield

7%

Local Sold Prices

21 sold prices from £42K to £335K, average is £83.3K.

PriceDateDistanceAddressBeds 
£63K07/210.25 mi84, Fairhaven, Kirn, Dunoon, Argyll PA23 8NS2
£66K10/210.28 mi59, Fairhaven, Kirn, Dunoon, Argyll PA23 8NR2
£335K12/210.35 mi155, Dhailling Lodge Guest House, Alexandra Parade, Dunoon PA23 8AW2
£83.3K05/210.41 mi61, Ardenslate Road, Kirn, Dunoon, Argyll PA23 8NL2
£70K01/210.51 mi6, Rossmount, Queen Street, Dunoon, Argyll PA23 8AP2
£95K12/210.53 mi75, Dixon Avenue, Kirn, Dunoon, Argyll PA23 8JA2
£91K04/210.57 mi28a, Pilot Street, Dunoon, Argyll PA23 8BY2
£72K02/210.95 mi177e Ashton View, Edward Street, Dunoon, Arg PA23 7PH2
£105K07/210.96 miTower House 7a, Hanover Street, Dunoon, Argyll PA23 7AB2
£73K01/210.97 mi136a, Alexander Street, Dunoon, Argyll PA23 7PY2
£55K05/211.02 mi2a, Hill Street, Dunoon, Arg PA23 7AN2
£60.5K03/211.02 mi4a, Hill Street, Dunoon, Argyll PA23 7AN2
£115K06/211.05 mi164, John Street, Dunoon, Argyll PA23 7BJ2
£115K06/211.05 mi164, John Street, Dunoon, Argyll PA23 7BJ2
£112K08/211.08 mi88, Eleanor House, Edward Street, Dunoon, Arg PA23 7AS2
£91.5K02/211.09 mi18b, Auchamore Road, Dunoon, Arg PA23 7DY2
£105K06/211.1 mi5, Victoria Road, Dunoon, Argyll PA23 7EA2
£72K10/211.1 mi13, Victoria Road, Dunoon, Argyll PA23 7EA2
£74K08/211.11 mi14, Cromwell Street, Dunoon, Argyll PA23 7AU2
£42K12/211.21 mi6a, Belmont Lane, Dunoon, Argyll PA23 7JA2
£230K10/211.45 mi18, Kilbride Avenue, Dunoon, Argyll PA23 7LH2

Local Rents

30 rents from £500/mo to £1.5K/mo, average is £688/mo.

RentDateDistanceAddressBeds 
£1,24506/240.2 miKirn Brae, Dunoon, PA234
£1,15007/240.2 miKirn Brae, Dunoon, Argyll & Bute, PA234
£1,14508/240.2 miBraeside, Kirn Brae, Dunoon, Argyll & Bute, PA234
£1,14509/240.2 miKirn Brae, Dunoon, PA234
£60012/240.23 mi-2
£62506/240.23 miVictoria Crescent, Kirn, Dunoon, PA232
£62506/240.23 miVictoria Crescent, Kirn, Dunoon, PA232
£60007/240.23 miVictoria Crescent, Kirn, Dunoon, PA232
£70012/230.5 mi-3
£67510/240.5 mi-3
£65009/240.8 mi-2
£57511/230.83 mi-2
£75006/240.9 mi-2
£75006/240.9 mi-2
£65001/251.08 mi-2
£1,20002/241.2 mi-3
£55010/231.89 mi-2
£55008/241.89 mi-2
£55007/241.89 miFerguslie Street, Dunoon, PA232
£80010/231.9 mi-2
£1,15006/242.03 mi-2
£1,19503/242.03 mi-2
£59506/242.09 miFinbracken, Sandbank, Dunoon2
£1,40006/242.2 miEdinburgh Drive, Gourock3
£1,50006/242.2 miEdinburgh Drive, Gourock3
£77511/232.32 mi-2
£60011/242.43 mi-1
£60011/242.43 mi-1
£50006/242.44 miDunrobin Drive, Gourock, Gourock, PA191
£1,20007/242.47 miDunrobin Drive, Gourock, PA192

Local Area Statistics

Population in Dunoon

12,620

Town centre distance

1.25 miles away

Nearest school

0.40 miles away

Nearest train station

3.72 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+47%

Property History

Listed for £100,000

May 31, 2024

Floor Plans

Description

  • Being Sold via Secure Sale Online Bidding. Terms & Conditions Apply. +
  • Ground Floor Main Door Flat +
  • Neutrally Decorated & Great Living Accommodation +
  • Two Double Bedrooms +
  • Currently Tenanted at £600 PCM +

A two bedroom main door flat in a converted hotel originally built in 1837 with views of the Firth of Clyde and benefitting from having an existing tenant on a fixed-term agreement for 12 months. The tenant is currently paying £600 per calendar month.

The accommodation comprises entrance vestibule which leads into a large bright & airy lounge with feature bay window to the front. An internal hall leads to all further apartments. The dining kitchen is a fantastic size with a range of wall & floor-standing units & appliances, there is also ample space for a dining table & chairs. Both bedrooms are a great size with ample space for freestanding furniture, the master bed benefits from a large en-suite. Completing the accommodation is the large 3-piece bathroom with mains shower above the bath, has a heated towel rail & tiled. There is also a cellar with a storge unit and a front garden.

A truly remarkable property & will attract lots of attention from a variety of buyers but would make a great serviced accommodation (subject to consent) with Dunoon being a high tourist area. The property also benefits from allocated & off-street parking. This is an excellent opportunity & one not to be missed to avoid disappointment.

Dunoon has a number of local amenities including a cinema, supermarkets, restaurants, bars, primary & secondary schools, library, Post Office, doctor's surgeries, veterinary clinic & leisure centre. A regular local bus service operates, there are bus & coach services to popular regions across the West of Scotland. Regular passenger ferry services operate from Dunoon Pier to Gourock with regular bus & train connections to Glasgow Central railway station.

Council Tax Band: C
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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