3 Bed Semi-Detached House, Refurb/BRRR, Cupar, KY15 7BA, £110,000

Back Dykes Terrace, Falkland, Cupar, KY15 7BA - 2 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£39.5K - £351.2K

 

 

Square Metres

~93 m²

Value Estimate

£108,375

 

 

End Value (After Refurb)

£120,000

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£37,989

Bridging Loan Interest

£2,888

Total Cash In

£74,627

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£120,000

Mortgage (After Refinance)

£90,000

Mortgage LTV

75%

Cash Released

£7,500

Cash Left In

£67,127

Equity

£30,000

Rent Range

£550 - £1,595

Rent Estimate

£936

Running Costs/mo

£582

Cashflow/mo

£354

Cashflow/yr

£4,246

ROI

6%

Gross Yield

10%

Local Sold Prices

38 sold prices from £39.5K to £351.2K, average is £179.5K.

PriceDateDistanceAddressBeds 
£150.3K07/210 mi7, Back Dykes Terrace, Falkland, Cupar, Fife KY15 7BA3
£185K05/240.05 mi46, Back Dykes Terrace, Falkland, Cupar, Fife KY15 7BB3
£157K04/210.11 mi9, Covenanter Court, Falkland, Cupar, Fife KY15 7DW3
£351.2K09/210.15 miBalmblae Cottage, Balmblae, Falkland, Cupar, Fife KY15 7BS3
£270.3K12/210.16 miHollyburn, West Port, Falkland, Cupar, Fife KY15 7BW3
£245K01/210.18 mi2 The Old Drill Hall, South Street, Falkland, Cupar, Ffe KY15 7AT3
£245.5K03/211.81 miGamoe House, High Street, Freuchie, Cupar, Fife KY15 7EZ3
£150K07/211.9 mi3, Albany Crescent, Freuchie, Cupar, Fife KY15 7EH3
£318.5K08/211.97 mi10, Chapel Road, Dunshalt, Cupar, Fife KY14 7EZ3
£172K03/212.02 mi3, Allan Park, Dunshalt, Cupar, Fife KY14 7HJ3
£170K08/212.06 mi11, The Wynd, Dunshalt, Cupar, Fife KY14 7HE3
£270K10/212.15 miParkside, East End, Freuchie, Cupar, Ffe KY15 7ET3
£275.2K12/212.15 miThane Croft, East End, Freuchie, Cupar, Fife KY15 7ET3
£257.5K08/212.24 miBarpeta, Cross Keys, Freuchie, Cupar KY15 7JB3
£179K05/242.5 mi44, Moidart Drive, Glenrothes, Fife KY7 6ET3
£270.1K11/212.5 mi8, Moidart Drive, Glenrothes KY7 6ET3
£237.1K11/212.55 mi17, Strathdon Park, Glenrothes, Fife KY6 3NS3
£180K01/212.55 mi5, Strathdon Park, Glenrothes, Ffe KY6 3NS3
£150K02/212.57 mi4, Benvane Road, Glenrothes, Fife KY6 3HJ3
£109K08/212.63 mi19, Banchory Green, Glenrothes, Fife KY7 6UA3
£195K02/242.64 mi25, Laggan Crescent, Glenrothes, Fife KY7 6FY3
£152K08/242.68 mi50, Elrick Park, Glenrothes, Ffe KY7 6UB3
£112.5K01/212.68 mi18, Colquhoun Avenue, Glenrothes, Ffe KY7 6FH3
£220K05/212.69 mi18, Balgeddie Gardens, Glenrothes, Fife KY6 3QR3
£153K04/212.7 mi3, Cash Feus, Strathmiglo, Cupar, Fife KY14 7QX3
£255K12/212.74 mi40, Demarco Drive, Glenrothes, Fife KY7 6FD3
£78K04/212.78 mi316, Tern Path, Glenrothes, Fife KY7 6TN3
£260.8K03/212.79 mi2, John Knox Gardens, Glenrothes, Fife KY7 6FJ3
£185K12/202.81 mi63, Cash Feus, Strathmiglo, Cupar, Ffe KY14 7QP3
£64.8K04/242.82 mi494, Heather Court, Glenrothes, Fife KY7 6TW3
£106K11/212.85 mi105, Aboyne Way, Glenrothes KY7 6UH3
£190K01/212.9 mi31, Cupar Road, Cupar KY14 7DD3
£142K12/212.93 mi13, Cupar Road, Auchtermuchty, Cupar, Fife KY14 7DQ3
£110K04/242.94 mi45, Dunlin Avenue, Glenrothes, Fife KY7 6TB3
£150K03/212.95 mi41, High Street, Auchtermuchty, Cupar, Fife KY14 7AP3
£170K05/212.98 mi9, East Back Dykes, Strathmiglo, Cupar, Fife KY14 7QG3
£245.5K09/212.98 mi22, Greenwell Park, Glenrothes, Fife KY6 3QH3
£39.5K02/212.99 mi6, Eden Grove, Strathmiglo, Cupar, Ffe KY14 7QZ3

Local Rents

4 rents from £550/mo to £1.6K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£1,59502/250.72 mi-4
£75004/241.88 miLindsay Place, KY152
£55005/232.04 mi-1
£85003/242.24 miKY152

Local Area Statistics

Population in Cupar

28,507

Town centre distance

10.97 miles away

Nearest school

0.30 miles away

Nearest train station

3.68 miles away

 

 

Rental growth (12m)

-22%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £110,000

August 13, 2024

Floor Plans

Description

Slater Hogg & Howison are pleased to present to the market this spacious 3-Bedroom semi-detached house located in the picturesque village of Falkland. The home requires full renovation and modernisation and would be an ideal project for investors and developers. Falkland offers excellent local amenities with shops, restaurants and bars close by as well as Falkland golf club and tennis club. Steeped in history the village was once a Royal Burgh and nearby Falkland Palace a Royal Palace of the Scottish Kings.
The accommodation comprises: Entrance hall, spacious living room with feature bay window, kitchen, dining room, upstairs are 3 good-sized bedrooms and completing the accommodation is the bathroom.
Externally the property has generous gardens which are laid to lawn.
Double glazing and gas central heating is included.
Sold as seen. Your attention is drawn to the fact that we have been unable to confirm whether certain items included with this property are in full working order. Any prospective purchasers must accept that the property is offered for sale on this basis.
EER Band D

Agent Details

Slater Hogg & Howison, Glenrothes

01592 802255

Next Steps?

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