2 Bed Flat, Cash/Bridging Only, Alloa, FK10 4PT, £65,000

Kirk Street, Kincardine, Alloa, FK10 4PT - 9 months ago

Sold STC

Cash

ROI: 26%

~68 m²

+11 photos

ValuationOvervalued

Sold Prices	£60K - £192.1K

Square Metres	~68.11 m²
Value Estimate	£61,499£61,499

End Value (After Refurb)	£71,750£71,750
Uplift in Value	+10%+10%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£16,250£16,250
Stamp Duty & Legal Fees	£4,450£4,450
Refurb Costs	£27,190£27,190
Bridging Loan Interest	£1,706£1,706
Total Cash In	£51,346£51,346

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£71,750£71,750
Mortgage (After Refinance)	£53,813£53,813
Mortgage LTV	75%75%
Cash Released	£5,063£5,063
Cash Left In	£46,284£46,284
Equity	£17,938£17,938
Rent Range	£795 - £3,990£795 - £3,990
Rent Estimate	£1,696
Running Costs/mo	£583£583
Cashflow/mo	£1,113£1,113
Cashflow/yr	£13,351£13,351
ROI	26%26%
Gross Yield	31%31%

Local Sold Prices

7 sold prices from £60K to £192.1K, average is £100K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£118K	02/21	0.3 mi	34, Keith Street, Kincardine, Alloa, Ffe FK10 4NB	-	-	2	Flat
£62K	03/21	0.39 mi	28, Priory Square, Kincardine, Alloa, Fife FK10 4PF	-	-	2	Flat
£192.1K	03/21	1.94 mi	21, Banks View, Airth, Falkirk, Stirlingshire FK2 8PZ	-	-	2	Flat
£120K	10/21	2.06 mi	14, Kennet Village, Alloa, Clackmannanshire FK10 4DP	-	-	2	Flat
£70K	10/21	2.7 mi	4, Craigrie Terrace, Clackmannan, Clackmannanshire FK10 4ER	-	-	2	Flat
£100K	11/21	2.76 mi	8a, Hetherington Drive, Clackmannan, Clackmannanshire FK10 4HQ	-	-	2	Flat
£60K	10/21	2.86 mi	8, Manse Terrace, Clackmannan FK10 4JZ	-	-	2	Flat

Local Rents

6 rents from £795/mo to £4K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,990	02/25	0.15 mi	-	3	Semi-Detached House
£3,600	02/25	0.19 mi	-	2	Semi-Detached House
£795	04/24	0.21 mi	Mercer Street, Kincardine, Alloa	2	Bungalow
£2,000	03/24	1.01 mi	Windyhill Farm Tulliallan, Alloa	6	Detached House
£1,800	04/24	1.01 mi	Windyhill Farm Tulliallan, Alloa	6	Detached House
£1,050	04/24	2.06 mi	High Street, Airth, Falkirk, FK2	3	Semi-Detached House

Local Area Statistics


Rental growth (12m)	+5%+5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+31%+31%

Property History

Price changed to £65,000

February 24, 2025

Listed for £70,000

June 20, 2024

Floor Plans

Description

A well-proportioned two bedroom flat in the heart of Kincardine. Ideally situated close to the centre of the village and transport links. Boasting its own rear garden and a stunning modern shower room, this home will be popular with a wide range of buyers.

Enter via welcoming reception hallway into a generous lounge. The kitchen sits just off the lounge and has ample base and wall units with complementary work surfaces. Two good sized, double bedrooms and a modern shower room complete this charming home.

Warmth is provided by gas central heating and the house is double glazed. There are ample storage provisions throughout.

A private garden sits to the rear of the property, offering a place to sit and enjoy the better weather.

Please note this purchase is suitable for cash buyers only.

Agent Details

Slater Hogg & Howison, Falkirk

01324 465454

Next Steps?

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