2 Bed Terraced House, Single Let, Glasgow, G53 6LS, £50,000

Linnhead Drive, Glasgow, G53 6LS - 3 views - 7 months ago

BTL
ROI: 16%
~68 m²
+25 photos

ValuationUndervalued

Sold Prices£60K - £218K

 

 

Square Metres

~68.11 m²

Value Estimate

£60,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,700

Total Cash In

£15,200

 

 

Cash Out

 

Rent Range

£735 - £1,200

Rent Estimate

£475

Running Costs/mo

£271

Cashflow/mo

£204

Cashflow/yr

£2,445

ROI

16%

Gross Yield

11%

Local Sold Prices

37 sold prices from £60K to £218K, average is £140K.

PriceDateDistanceAddressBeds 
£60K11/210.15 mi11, Cleeves Road, Glasgow G53 6NQ2
£125.8K05/210.28 mi28, Elliston Drive, Priesthill, Glasgow G53 6UT2
£120K02/210.32 mi120, Ravenscraig Drive, Glasgow G53 6QG2
£142K04/210.46 mi49, Glenmuir Crescent, Glasgow G53 6QE2
£141.3K12/210.52 mi54, Peat Road, Glasgow G53 6DJ2
£150K11/210.55 mi15, Woodfoot Crescent, Glasgow G53 7ZS2
£133.5K02/240.6 mi55, Brentwood Drive, Glasgow G53 7UJ2
£118K11/210.6 mi447, Parkhouse Road, Glasgow G53 7YH2
£140K08/240.6 mi439, Parkhouse Road, Glasgow, Gla G53 7YH2
£140.5K06/210.62 mi60, Greenacres Drive, Glasgow G53 7BB2
£190.1K06/240.62 mi11, Greenacres Drive, Glasgow G53 7BB2
£119K03/210.62 mi15, Brentwood Avenue, Glasgow G53 7AD2
£177K05/240.63 mi9, Ben Glas Place, Glasgow G53 7PE2
£162.5K02/210.63 mi9, Ben Glas Place, Glasgow, Gla G53 7PE2
£150K03/210.66 mi2, Greenacres Way, Glasgow G53 7BG2
£123K05/240.66 mi20, Bruntsfield Gardens, Glasgow G53 7QJ2
£95K03/210.66 mi11, Bruntsfield Gardens, Glasgow G53 7QJ2
£145K02/210.7 mi4, Greenacres Court, Glasgow, Gla G53 7BF2
£141.5K05/210.71 mi28, Whitriggs Road, Glasgow G53 7LX2
£167.5K08/240.72 mi103, Kinarvie Road, Glasgow, Gla G53 7EA2
£135K08/240.72 mi10, Bruntsfield Avenue, Glasgow, Gla G53 7BQ2
£125K08/240.73 mi24, Langford Drive, Glasgow, Gla G53 7HU2
£140K02/240.73 mi17, Langford Drive, Glasgow G53 7HU2
£116.3K06/240.73 mi23, Langford Drive, Glasgow G53 7HU2
£122K07/210.76 mi71, Waukglen Place, Glasgow G53 7JD2
£120K11/210.76 mi37, Waukglen Place, Glasgow G53 7JD2
£180K07/210.77 mi39, Mulben Terrace, Glasgow, Gla G53 7LF2
£165K04/210.77 mi11, Kinarvie Crescent, Glasgow, Gla G53 7HA2
£125K10/210.77 mi23, Kinarvie Crescent, Glasgow G53 7HA2
£160.5K09/210.79 mi19, Kinarvie Terrace, Glasgow G53 7HB2
£171.6K08/210.81 mi24, Polquhap Road, Glasgow G53 7FL2
£218K02/240.83 mi75, Teasel Avenue, Glasgow G53 7UH2
£107K09/210.85 mi21, Mulben Place, Glasgow G53 7UP2
£145K09/210.9 mi3, Raeswood Place, Glasgow G53 7PQ2
£131.5K11/210.92 mi28, Blackstone Avenue, Glasgow G53 5DW2
£145.4K06/240.95 mi62, Raeswood Drive, Glasgow G53 7LB2
£66K08/210.99 mi39, Barberry Avenue, South Park Village, Glasgow G53 7YP2

Local Rents

25 rents from £735/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£99911/230.28 mi-2
£1,15004/240.29 mi272 Cleeves Quadrant, Glasgow, G532
£80011/230.49 mi-2
£1,05007/240.56 mi-2
£1,09504/240.56 mi-2
£1,15007/240.62 mi-2
£90004/240.66 miInvestment Way, Southside, Glasgow, G432
£90005/240.71 miNorthwood Close, Glasgow, G432
£77512/240.71 mi-2
£1,20012/230.72 mi-2
£1,19512/240.73 miLangford Drive, Glasgow, G532
£1,05011/230.77 mi-2
£1,20011/240.77 mi-2
£87512/240.81 mi-2
£87512/240.81 miFaskin Road, Glasgow, G532
£95004/240.88 miFlat 0/2, 1 National Drive, Pollokshaws, Glasgow, G43 1AW2
£85005/241.02 miDryad Street, Thornliebank, G46 8HB2
£1,00004/241.05 miWaukglen Avenue, Southpark Village, Glasgow, G532
£75004/241.06 mi-2
£1,00002/251.12 mi-2
£82501/241.13 mi-2
£1,20004/241.15 miInverewe Place, Deaconsbank, Glasgow, G46 8NU2
£73512/241.16 miMontfort Gate, Barrhead, G782
£87501/251.18 mi-2
£87504/241.24 mi-2

Local Area Statistics

 

 

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £50,000

August 28, 2024

Description

  • Buy-to-Let Opportunity +
  • 2 Bedrooms +
  • Lounge and Kitchen +
  • Three Piece Bathroom +
  • Likely to attract enquiries from Serious Investors & Developers. +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom mid-terraced house located in Glasgow,. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

This well-kept home features a 2 bedroom, 1 bathroom, a lounge and a kitchen.

Investment Details

It currently produces an annual gross income of £5,700 for both which could be increased by the new owner to a market rate of £10,800 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below. If you are interested, please call us.

Tenancy Details

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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