3 Bed Flat, Glasgow, G12 8BY £275,000

1/2, 6 Cresswell Street, Glasgow, G12 8BY - 3 views - a year ago

Sold STC

ROI: 5%

~116 m²

ValuationUndervalued

Sold Prices	£226K - £950K
Sold Prices/m²	£2.1K/m² - £6.4K/m²

Square Metres	~116 m²
Price/m²	£2.4K/m²
Value Estimate	£335,500£335,500
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£68,750£68,750
Stamp Duty & Legal Fees	£18,700£18,700
Total Cash In	£87,450£87,450

Cash Out
Rent Range	£1,600 - £2,550£1,600 - £2,550
Rent Estimate	£1,600
Running Costs/mo	£1,199£1,199
Cashflow/mo	£401£401
Cashflow/yr	£4,808£4,808
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £226K to £950K, average is £372K. £2.1K/m² to £6.4K/m², average is £3.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£280.1K	02/25	0.06 mi	4, Flat B/1, Vinicombe Street, Glasgow G12 8BG	£3,458	81	3	Flat
£320K	08/25	0.08 mi	Flat 3/1, 10, Kersland Street, Glasgow G12 8BL	-	-	3	Flat
£348K	06/25	0.09 mi	Flat 3/1, 2, Kersland Street, Glasgow G12 8BL	£2,740	127	3	Flat
£530K	08/24	0.16 mi	14, Grosvenor Terrace, Glasgow G12 0TB	£4,046	131	3	Flat
£340K	05/25	0.16 mi	Flat 2/1, 34, Glasgow Street, Glasgow G12 8JR	£2,194	155	3	Flat
£299.1K	09/24	0.22 mi	30, Huntly Gardens, Glasgow G12 9AX	£4,399	68	3	Flat
£900K	02/25	0.27 mi	17, Flat G/00, Kew Terrace, Glasgow G12 0TE	£4,348	207	3	Flat
£470K	02/25	0.33 mi	8, Dundonald Road, Glasgow G12 9LJ	£3,154	149	3	Flat
£275K	03/23	0.33 mi	9, Flat 0/1, Great George Street, Glasgow G12 8PD	£3,438	80	3	Flat
£331.2K	04/23	0.36 mi	16, Flat 1/1, Elie Street, Glasgow G11 5HG	£3,216	103	3	Flat
£345.3K	08/25	0.37 mi	Flat 3/1, 41, Clouston Street, Glasgow G20 8QP	-	-	3	Flat
£615.2K	11/21	0.38 mi	42, Clouston Street, Glasgow G20 8QX	-	-	3	Flat
£368K	06/25	0.39 mi	Flat 1/1, 68, Kelvin Drive, Glasgow G20 8QN	£5,576	66	3	Flat
£425K	02/23	0.41 mi	8, Flat 2/2, Kirklee Quadrant, Glasgow G12 0TS	£3,864	110	3	Flat
£360K	06/25	0.41 mi	Block B Flat 1/2, 25, Mingarry Street, Glasgow G20 8NS	-	-	3	Flat
£291K	02/23	0.43 mi	35, Flat 2/2, Havelock Street, Glasgow G11 5HA	£2,124	137	3	Flat
£450K	03/23	0.45 mi	40, Flat 1/1, Lawrence Street, Glasgow G11 5HD	£3,571	126	3	Flat
£525K	05/25	0.46 mi	4b, Prince Albert Road, Glasgow G12 9JX	£3,596	146	3	Flat
£290K	05/25	0.47 mi	Flat 1/2, 74, Sanda Street, Glasgow G20 8PS	£3,766	77	3	Flat
£226K	04/23	0.47 mi	419, Flat 1/1, Great Western Road, Glasgow G4 9JA	£2,690	84	3	Flat
£460K	05/21	0.47 mi	10a, Princes Terrace, Glasgow G12 9JP	-	-	3	Flat
£415K	05/21	0.49 mi	4b, Prince Albert Road, Glasgow G12 9JX	-	-	3	Flat
£795K	09/22	0.52 mi	10, Flat 1/1, Partickhill Road, Glasgow G11 5BL	£5,196	153	3	Flat
£655K	02/25	0.56 mi	19, Flat 1/1, Park Terrace, Glasgow G3 6BY	£4,517	145	3	Flat
£275K	02/25	0.57 mi	18, Flat 1/1, Barrington Drive, Glasgow G4 9DT	£2,835	97	3	Flat
£675K	09/24	0.57 mi	17, Flat 2/2, Park Terrace, Glasgow G3 6BY	£4,530	149	3	Flat
£520K	12/24	0.57 mi	16, Park Terrace, Glasgow G3 6BY	£3,114	167	3	Flat
£477K	05/25	0.58 mi	Flat 3/1, 182, Hyndland Road, Glasgow G12 9ER	£3,756	127	3	Flat
£370K	01/25	0.59 mi	5, Flat 2/2, Barrington Drive, Glasgow G4 9DS	£3,058	121	3	Flat
£270K	06/25	0.6 mi	Flat 2/1, 15, Hyndland Street, Glasgow G11 5QE	£3,034	89	3	Flat
£585K	06/21	0.6 mi	3a, Cleveden Drive, Glasgow G12 0SB	-	-	3	Flat
£356K	05/25	0.61 mi	Flat 3, 79, Wilton Street, Glasgow G20 6RD	£3,123	114	3	Flat
£410K	04/23	0.61 mi	145, Flat 3/2, Hyndland Road, Glasgow G12 9JA	£3,361	122	3	Flat
£355K	02/25	0.62 mi	40, Flat 0/2, Caird Drive, Glasgow G11 5DT	£4,080	87	3	Flat
£243K	04/23	0.62 mi	9, Flat 0/2, Holyrood Quadrant, Glasgow G20 6HH	£2,826	86	3	Flat
£386K	08/25	0.62 mi	Flat 3/1, 6, Woodlands Drive, Glasgow G4 9EH	-	-	3	Flat
£235K	05/25	0.62 mi	Flat 1/2, 21, Fordyce Street, Glasgow G11 5PG	£3,219	73	3	Flat
£333.5K	01/23	0.63 mi	23, Flat 2/2, Woodlands Drive, Glasgow G4 9DN	£2,851	117	3	Flat
£950K	10/21	0.63 mi	13, Park Circus, Glasgow G3 6AX	-	-	3	Flat
£720K	06/25	0.63 mi	Flat 3/2, 15, Park Quadrant, Glasgow G3 6BF	£6,372	113	3	Flat
£230K	04/23	0.63 mi	98, Flat 3/1, Raeberry Street, Glasgow G20 6EG	£2,738	84	3	Flat
£340.1K	06/25	0.64 mi	Flat 3, 11, Napiershall Street, Glasgow G20 6HQ	£3,270	104	3	Flat
£385K	02/23	0.64 mi	140, Flat 3/2, Hyndland Road, Glasgow G12 9PN	£3,500	110	3	Flat
£374K	02/25	0.64 mi	67, Flat 3/2, Gardner Street, Glasgow G11 5BZ	£3,066	122	3	Flat
£400K	02/25	0.65 mi	23, Flat 1/1, Radnor Street, Glasgow G3 7UA	£2,941	136	3	Flat
£535K	05/23	0.66 mi	9, Flat 2/2, Clarence Drive, Glasgow G12 9QL	£4,213	127	3	Flat
£299K	05/25	0.66 mi	Flat 1/2, 45, Kirkland Street, Glasgow G20 6SX	£2,670	112	3	Flat
£750K	08/25	0.66 mi	Flat 3/2, 31, Napiershall Street, Glasgow G20 6EZ	-	-	3	Flat
£500K	05/25	0.67 mi	Flat 3/1, 11, Falkland Street, Glasgow G12 9PY	£3,704	135	3	Flat
£340K	01/25	0.69 mi	23, Flat 2/2, Dunearn Street, Glasgow G4 9ED	£3,091	110	3	Flat

Local Rents

50 rents from £1.6K/mo to £2.5K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,150	06/25	0 mi	Cresswell Street, Hillhead, Glasgow, G12	3	Flat
£2,400	06/25	0 mi	Cresswell Street, Hillhead, Glasgow, G12	3	Flat
£2,100	05/24	0.02 mi	Cranworth Street, Glasgow, G12	3	Flat
£1,850	05/25	0.02 mi	Cranworth Street, Hillhead, Glasgow, G12	3	Flat
£2,195	04/24	0.03 mi	Kersland Street, Glasgow, G12	3	Flat
£2,100	06/25	0.03 mi	B/R, 24 Kersland Street	3	Flat
£1,800	07/25	0.03 mi	32A Kersland Street, Glasgow, G12 8BX	3	Flat
£2,400	05/24	0.04 mi	Vinicombe Street, Hillhead, Glasgow, G12	3	Flat
£2,400	05/25	0.04 mi	Vinicombe Street, Hillhead, Glasgow, G12	3	Flat
£2,550	07/25	0.04 mi	Vinicombe Street, Hillhead, Glasgow, G12	3	Flat
£1,800	11/25	0.04 mi	Kersland Street, Glasgow	3	Flat
£2,000	04/24	0.05 mi	Kersland Street, Hillhead, Glasgow, G12	3	Flat
£1,600	04/24	0.05 mi	Kersland Street Flat 2/1, Hillhead, Glasgow, G12 8BT	3	Flat
£2,100	07/25	0.05 mi	Kersland Street, Hillhead, Glasgow, G12	3	Flat
£2,025	06/25	0.05 mi	Kersland Street, Hillhead, Glasgow, G12	3	Flat
£1,749	10/25	0.06 mi	Vinicombe Street, Hillhead, Glasgow, G12	3	Flat
£1,995	04/24	0.06 mi	Kersland Street, Hillhead, Glasgow	3	Flat
£2,100	10/25	0.07 mi	Cresswell Street, Hillhead, G12	3	Flat
£2,100	10/25	0.07 mi	-	3	Flat
£2,200	09/25	0.07 mi	-	3	Flat
£2,200	09/25	0.07 mi	Cresswell Street, Glasgow, G12	3	Flat
£2,085	05/25	0.08 mi	Cecil Street, Glasgow, G12	3	Flat
£1,875	04/24	0.08 mi	Cecil Street, Glasgow, G12	3	Flat
£1,875	04/24	0.08 mi	-	3	Flat
£2,085	05/25	0.08 mi	-	3	Flat
£2,250	06/25	0.08 mi	Kersland Street, Hillhead, Glasgow, G12	3	Flat
£1,900	09/25	0.08 mi	-	3	Flat
£2,250	08/25	0.08 mi	Cecil Street, Hillhead, Glasgow, G12	3	Flat
£1,600	07/25	0.09 mi	Byres Road, Glasgow, G12	3	Flat
£1,710	02/25	0.09 mi	-	3	Flat
£2,040	06/25	0.09 mi	Byres Road, Glasgow, G12	3	Flat
£2,400	07/25	0.09 mi	-	3	Flat
£2,400	06/25	0.09 mi	Great George Street, Glasgow, G12	3	Flat
£1,875	08/25	0.1 mi	-	3	Flat
£2,050	08/25	0.1 mi	-	3	Flat
£2,025	08/25	0.1 mi	-	3	Flat
£1,875	07/25	0.1 mi	Great George Street, Glasgow, G12	3	Flat
£2,100	07/25	0.1 mi	Great George Street, Glasgow, G12	3	Flat
£2,025	08/25	0.1 mi	Great George Street, Glasgow, G12	3	Flat
£2,200	07/25	0.1 mi	Great George Street, Glasgow, G12	3	Flat
£2,150	07/25	0.11 mi	-	3	Flat
£2,050	09/25	0.12 mi	-	3	Flat
£2,100	08/25	0.12 mi	Alfred Terrace, Hillhead, Glasgow, G12	3	Flat
£2,000	08/25	0.12 mi	Alfred Terrace, Hillhead, Glasgow, G12	3	Flat
£1,795	10/25	0.13 mi	Grosvenor Crescent Lane, Dowanhill, Glasgow, G12 9AB	3	Flat
£1,995	11/25	0.13 mi	Roxburgh Street, Glasgow, G12	3	Flat
£1,895	06/25	0.13 mi	2 Buckingham Street, G12	3	Flat
£1,600	04/24	0.13 mi	Roxburgh Street, Flat 1/1 , Dowanhill, Glasgow, G12 9BH	3	Flat
£2,000	07/25	0.13 mi	-	3	Flat
£2,000	07/25	0.13 mi	Alfred Terrace, Glasgow, G12	3	Flat

Local Area Statistics


Rental demand	Balanced marketBalanced market
Rental growth (12m)	+8%+8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+28%+28%

Property History

Listed for £275,000

August 26, 2024

Floor Plans

Description

Three Bedroom +
First Floor Apartment +
Four Bedroom HMO License +
Previously Rented at £2400 PCM +
Spacious Accommodation +
Central West End Location +
Minutes From Glasgow University & Byres Road +

Situated within the heart of the West End, minutes from Byres Road, Ashton Lane and Glasgow University, lies this spacious first floor three bedroom sandstone apartment. The property will appeal to the investment market as it has a four bedroom HMO license.

This substantial tenement apartment hosts a large and welcoming reception hallway which provides a large walk in cupboard, a sizeable front facing lounge with large bay windows which provide an abudance of natural light, three very generously sized double bedrooms, kitchen and family bathroom. The property has the added benefit of gas central heating and communal gardens to the rear.

Hillhead is located within the heart of Glasgow's West End and provides an abundance of amenities within walking distance. The property is located just minutes from Glasgow University, Hillhead underground and Byres Road which provides regular bus services. The location is extremely popular with students and young professionals.

Agent Details

Fred Estate Agents, Motherwell

01698 538991

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

Local Rents