3 Bed Semi-Detached House, Cash/Bridging Only, Glasgow, G73 2NQ, £225,000

Milrig Road, Rutherglen, Glasgow, G73 2NQ - 3 views - 8 months ago

Sold STC
Cash
ROI: 3%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£87.5K - £415K

 

 

Square Metres

~93 m²

Value Estimate

£210,250

 

 

End Value (After Refurb)

£163,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£36,047

Bridging Loan Interest

£5,906

Total Cash In

£107,903

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£163,000

Mortgage (After Refinance)

£122,250

Mortgage LTV

75%

Cash Left In

£107,903

Equity

£40,750

Rent Range

£825 - £1,395

Rent Estimate

£1,007

Running Costs/mo

£731

Cashflow/mo

£276

Cashflow/yr

£3,315

ROI

3%

Gross Yield

5%

Local Sold Prices

32 sold prices from £87.5K to £415K, average is £173K.

PriceDateDistanceAddressBeds 
£165K11/210.12 mi166, Landemer Drive, Rutherglen, Glasgow, Lanark G73 2TD3
£201.2K04/210.21 mi30, Millburn Avenue, Rutherglen, Glasgow, Lanark G73 2AR3
£135K09/210.22 mi45, Quarryknowe, Rutherglen, Glasgow, Lanark G73 2RN3
£125K02/210.22 mi9, Quarryknowe, Rutherglen, Glasgow, Lanark G73 2RN3
£151K05/210.25 mi52, Clincarthill Road, Rutherglen, Glasgow, Lanarkshire G73 2LQ3
£142K02/210.49 mi31, Mossgiel Avenue, Rutherglen, Glasgow, Lan G73 4LL3
£245K03/210.5 mi152, Stonelaw Road, Rutherglen, Glasgow, Lanark G73 3PB3
£126.8K10/210.55 mi120, Carrick Road, Rutherglen, Glasgow, Lanarkshire G73 4PQ3
£87.5K07/210.56 mi14, Penman Avenue, Rutherglen, Glasgow, Lanark G73 1HP3
£415K07/210.57 mi13, Albert Drive, Rutherglen, Glasgow, Lanarkshire G73 3RT3
£330K07/210.58 mi27, Stonelaw Drive, Rutherglen, Glasgow, Lanarkshire G73 3PA3
£191K10/210.61 mi28, Caledonia Avenue, Rutherglen, Glasgow, Lanark G73 1DJ3
£171K06/210.63 mi21, Ardmory Place, Glasgow G42 0BS3
£340K04/210.64 mi2, Buchanan Drive, Rutherglen, Glasgow, Lanarkshire G73 3PE3
£160K06/210.65 mi11, Eastcroft, Rutherglen, Glasgow, Lanarkshire G73 3AH3
£226.1K08/210.68 mi231, Stonelaw Road, Rutherglen, Glasgow, Lanarkshire G73 3RJ3
£183K10/210.7 mi34, Bowhouse Drive, Glasgow G45 0NB3
£175K01/210.7 mi72, Bowhouse Drive, Glasgow G45 0NB3
£200K11/210.74 mi91, Limeside Avenue, Rutherglen, Glasgow, Lanarkshire G73 3TU3
£312K12/210.75 mi26, Stirling Drive, Rutherglen, Glasgow, Lanarkshire G73 4JH3
£290K03/210.78 mi21, Greystone Avenue, Rutherglen, Glasgow, Lanarkshire G73 3SN3
£205K11/210.79 mi13, Carlyle Terrace, Rutherglen, Glasgow, Lanarkshire G73 1BE3
£280K09/210.85 mi53, Kingsbridge Drive, Glasgow G44 4JR3
£215.5K08/210.86 mi239, Kings Park Avenue, Glasgow G44 4HZ3
£106K12/210.88 mi5, Laurieston Way, Rutherglen, Glasgow, Lanark G73 4DZ3
£146.1K02/210.92 mi5, Kerrycroy Avenue, Glasgow, Gla G42 0AA3
£145K06/210.95 mi48, Scarrel Gardens, Glasgow, Gla G45 0DN3
£145K06/210.95 mi48, Scarrel Gardens, Glasgow G45 0DN3
£160K03/210.96 mi78, Farme Castle Court, Rutherglen, Glasgow, Lanarkshire G73 1AD3
£138.5K09/210.97 mi78, Woodend Road, Rutherglen, Glasgow, Lanarkshire G73 4DY3
£120K11/210.97 mi98, Woodend Road, Rutherglen, Glasgow, Lanarkshire G73 4DY3
£269.3K08/210.98 mi44, East Kilbride Road, Rutherglen, Glasgow, Lanarkshire G73 5EB3

Local Rents

15 rents from £825/mo to £1.4K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,10005/240.21 miCityford Drive, Rutherglen, G73 2QS3
£85004/240.24 miGreenhill Street, Rutherglen, G73 2LH3
£85004/240.24 miGreenhill Street, Rutherglen, G73 2LH3
£85004/240.4 miRutherglen, Chapel Street, G73 1JL - Furnished3
£85012/240.41 mi-3
£85004/240.41 mi294 Kingsbridge Drive Rutherglen G73 2BBN3
£1,10012/240.44 mi-3
£1,35011/240.48 mi-3
£1,35004/240.49 mi12 Mauchline Wynd, Rutherglen, Glasgow, G733
£95005/240.54 mi-3
£95005/240.54 miCorlaich Avenue Toryglen, Glasgow, G423
£99512/240.54 mi-3
£82504/240.56 miCroftend Avenue, Glasgow, G443
£95004/240.58 miCastlemilk Road,Glasgow,G443
£1,39505/240.61 mi-3

Local Area Statistics

 

 

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+5%

Property History

Listed for £225,000

August 12, 2024

Floor Plans

Description

  • Three Bedroom Semi Detached Villa +
  • Ample Storage +
  • Rarely Available +
  • Gas Central Heating & Double Glazing +
  • Driveway and Good Sized Gardens +

Presenting to the market this rarely available three bedroom Semi Detached Villa. Likely to appeal to many, especially the first or second time purchaser. Early viewing highly recommended.

Sitting in a peaceful position and set back from the road, this lovely semi detached villa is brought to the market in walk in condition and provides spacious accommodation throughout.
Milrig is close to local amenities for day to day requirements with further amenities and shopping in Main Street Rutherglen and Burnside. Local schooling is within walking distance as is transport links with local bus routes locally and Rutherglen train station is within walking distance with services into city centre and beyond.

Good sized driveway, garage base, easily maintained front garden, fabulous private gardens to the rear, an abundance of storage and recently installed bathroom are just some of the attributes of this fine property on offer.

Accommodation comprises; door to good sized entrance hallway with storage cupboard and recently installed and beautiful bathroom off which comprises bath with waterfall shower over, wc, vanity wash hand basin and heated chrome towel rail. Door off hallway leads into the front facing and good sized lounge which provides a wonderful area for relaxation and has ample room for dining table and chairs. Door off the lounge leads into the breakfasting kitchen which has a range of wall and base units, cooker and oven with extractor hood over. The kitchen looks out over the good sized rear gardens. There is a small utility area off with good sized pantry. Door leads out to the expansive rear gardens.
Upstairs are three double bedrooms all with integrated storage cupboards and further storage off the upper landing. Finally, there is gas central heating, double glazing and an abundance of storage. Externally there is driveway to accommodate multiple cars, garage base, easily maintained gardens and private and good sized gardens to the rear.

Energy Efficiency Rating - Band C
Council Tax Band - C

Hallway 4.65m (15' 3")
Lounge 4.10m (13' 5") x 3.97m (13' 0")
Kitchen 3.05m (10' 0") x 3.00m (9' 10")
Family Bathroom 2.00m (6' 7") x 1.80m (5' 11")
Bedroom 1 4.00m (13' 1") x 3.10m (10' 2")
Bedroom 2 3.46m (11' 4") x 3.00m (9' 10")
Bedroom 3 3.40m (11' 2") x 2.95m (9' 8")
Proof and source of Funds/Anti Money Laundering.
Under the HMRC Anti Money Laundering legislation, all offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds. This may include evidence of bank statements/funding source, mortgage or confirmation from a solicitor the purchaser has the funds to conclude the transaction.
All individuals involved in the transaction are required to produce proof of identity and proof of address. This is acceptable either as original or certified documents.

1. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
2. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
3. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 4. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Austin Beck, Burnside

0141 673 4598

Next Steps?

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