2 Bed Flat, Refurb/BRRR, Ayr, KA7 4FF, £375,000

The Finnieston - Seafield House, KA7 4FF - 8 months ago

Sold STC
Refurb/BRRR
~68 m²
+47 photos

ValuationOvervalued

Sold Prices£65K - £485K

 

 

Square Metres

~68.11 m²

Value Estimate

£144,000

 

 

End Value (After Refurb)

£345,050

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£26,541

Bridging Loan Interest

£9,844

Total Cash In

£150,585

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£345,050

Mortgage (After Refinance)

£258,788

Mortgage LTV

75%

Cash Left In

£150,585

Equity

£86,263

Rent Range

£440 - £1,800

Rent Estimate

£724

Running Costs/mo

£1,243

Cashflow/mo

£-519

Cashflow/yr

£-6,229

Gross Yield

2%

Local Sold Prices

20 sold prices from £65K to £485K, average is £122.5K.

PriceDateDistanceAddressBeds 
£120K01/210.27 mi21 Gartferry Court, Racecourse Road, Ayr KA7 2UY2
£485K04/240.29 mi34, Racecourse Road, Ayr, Ayrshire KA7 2UY2
£85K05/240.48 mi22, Carrick Gardens, Ayr, Ayrshire KA7 2RT2
£98K10/210.48 mi24, Carrick Gardens, Ayr, Ayrshire KA7 2RT2
£125K04/210.48 mi8, Carrick Gardens, Ayr KA7 2RT2
£151K08/210.54 mi5, Bellevue Road, Ayr, Ayrshire KA7 2SA2
£172.5K08/210.59 mi2a, St. Leonards Wynd, Ayr, Ayrshire KA7 2PA2
£132.5K07/210.59 mi10d, St. Leonards Wynd, Ayr KA7 2PA2
£241.5K08/210.62 mi18, Bellevue Crescent, Ayr KA7 2DR2
£295K02/240.67 mi99, Fairfield Park, Ayr, Ayrshire KA7 2AU2
£180.1K04/240.7 mi9, North Doon Place, Ayr, Ayrshire KA7 4DH2
£100.3K05/210.83 mi53b, Castlehill Road, Ayr, Ayrshire KA7 2JB2
£65K05/210.92 miFlat 33, Kyle Court, Smith Street, Ayr KA7 3AW2
£72.5K05/210.92 miFlat 39, Kyle Court, Smith Street, Ayr KA7 3AW2
£83K01/210.94 mi74c, Kyle Street, Ayr KA7 1RZ2
£85K10/210.94 mi72a, Kyle Street, Ayr, Ayrshire KA7 1RZ2
£82.5K08/240.94 mi74b, Kyle Street, Ayr KA7 1RZ2
£88K04/210.97 mi3b, Cassillis Street, Ayr, Ayrshire KA7 1DN2
£130K01/210.98 mi1, Holmston Gardens, Ayr KA7 3AS2
£135K01/211 mi9 A, Millbrae Court, Ayr KA7 3GT2

Local Rents

35 rents from £440/mo to £1.8K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£1,80010/240.09 mi-2
£82503/250.28 mi-2
£89504/240.59 miSt. Leonards Wynd, Ayr, Ayrshire, KA72
£69504/240.75 miSt. Leonards Road, Ayr, Ayrshire, KA72
£75004/240.8 miBarns Crescent, Ayr, Ayrshire, KA72
£65004/240.84 miDalblair Road, Ayr, KA7 1UQ2
£60005/240.86 mi45A Burns Statue Square, Ayr, South Ayrshire, KA72
£90007/240.88 mi-2
£45703/250.89 mi-2
£44010/230.9 mi-2
£62505/240.94 miKyle Street, Ayr, South Ayrshire, KA72
£72503/240.98 miHolmston Gardens, Ayr, Ayrshire, KA72
£77502/250.98 mi-2
£77510/230.98 mi-2
£62510/230.99 mi-2
£67509/240.99 mi-2
£75004/241 miEllisland Square, Ayr, KA72
£62504/241 miAnderson Crescent, Ayr, Ayrshire, KA72
£57503/251.02 mi-2
£49504/241.02 miSmith Street, Ayr, KA72
£1,00012/241.02 mi-2
£57507/241.04 mi-2
£57508/241.04 mi-2
£80002/241.07 mi-2
£59504/241.08 mi20C Burnbank Road, Ayr, KA7 3QN2
£60012/231.08 mi-2
£70005/241.09 miAnnfield Glen Road, Ayr, Ayrshire, KA72
£85004/241.11 miCathcart Street, Ayr2
£67504/241.14 miAYR - Academy Street2
£67504/241.14 miAcademy Street, Ayr, Ayrshire, KA72
£55002/251.15 mi-2
£72509/231.15 mi-2
£80010/241.15 mi-2
£80005/241.18 mi6 Castle Square, Ayr, KA7 4JN2
£75005/241.24 mi48 Glendale Crescent, Ayr, KA7 3SB2

Local Area Statistics

Population in Ayr

66,386

Town centre distance

0.96 miles away

Nearest school

0.90 miles away

Nearest train station

0.92 miles away

 

 

Rental growth (12m)

-19%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £375,000

July 19, 2024

Floor Plans

Description

  • ***** LAST UNIT REMAINING***** Winner Of The Finest Renovation & Conversion Award In The Whole Of Scotland At The Prestigious Herald Property Awards 2023. +
  • The Epitome Of Luxurious Living Nestled Conveniently Between Trump Turnberry Resort & Royal Troon Golf Club +
  • Partial Sea Views Overlooking The Firth Of Clyde & Isle Of Arran Making The Most Of Ayrshire's Most Spectacular Sunsets Which Really Need To Be Seen To Be Believed +
  • ***** FULL VIDEO WALK THROUGH VIDEO TOUR WITH BUILDING HISTORY & DRONE FOOTAGE AVAILABLE ON THIS ADVERT ***** +
  • ***** VIRTUAL FLOOR PLAN WALK ABOUT TOUR AVAILABLE TO BE VIEWED HERE TOO ***** +

* LAST UNIT REMAINING*Montgreenan Property Group are honoured to present Seafield House to the market.

Undoubtedly one of Scotland’s most prestigious & luxurious residential developments. Bringing back to life a home that was designed & built by one of Scotland's greatest engineers, Sir William Arrol, who is remembered proudly on our national bank notes.The rich history & overall story of this magnificent building is truly one for ages & must be heard & seen to be believed. Full details of this can be viewed on the attached video tour.

The Finnieston - the epitome of opulence, its wow factor is sure to delight even the most discerning of purchasers.

Perfect pied-à-terre for international jet-setters looking to obtain a rare an exclusive gem on the golf course abundant Ayrshire Coast, as well as down-sizers, executives & anyone looking to obtain a rare, ultra swanky & luxurious abode.

From the moment you step into the The Finnieston's hallway & open plan kitchen / living / dining area your mind is completely blown!

Not only due to the incredible attention to detail of high quality fixtures & fittings, such as Neptune kitchen with lifetime guarantee, silestone work-surface & NEFF integrated appliances, but the hit of natural light flooding through the extensive casement windows to your senses is truly magical.

The Finnieston also offers partials sea views over the Firth of Clyde & Isle of Arran. These magnificent sunsets which we are truly blessed with here on the Ayrshire Coast really must to be seen to be believed.

The master suite comes complete with sumptuous Porcelanosa ensuite shower room & useful walk in wardrobe.

A ultra luxurious Porcelanosa bathroom with shower over bath & very well proportioned 2nd double bedroom completes this exquisite 1st floor accommodation.

To fully appreciate the refinement & decadence of this magnificent apartment early viewing is essential!

Agent Details

Montgreenan Property Group, Ayrshire

01292 431290

Next Steps?

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