2 Bed Flat, Single Let, Glasgow, G33 4PX, £70,000

31 Burnett Rd, Glasgow G33 4PX - 7 months ago

Under Offer

BTL

ROI: 9%

~68 m²

ValuationOvervalued

Sold Prices	£39K - £320K

Square Metres	~68.11 m²
Value Estimate	£67,000£67,000

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£3,300£3,300
Total Cash In	£20,800£20,800

Cash Out
Rent Range	£575 - £1,050£575 - £1,050
Rent Estimate	£488
Running Costs/mo	£336£336
Cashflow/mo	£152£152
Cashflow/yr	£1,820£1,820
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £39K to £320K, average is £91.1K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£83K	07/21	0.19 mi	150, Barlanark Road, Glasgow G33 4UW	-	-	2	Flat
£98K	09/21	0.7 mi	28, Glen Road, Glasgow G32 0DJ	-	-	2	Flat
£91.3K	05/21	0.71 mi	27, Hermiston Avenue, Glasgow G32 0LU	-	-	2	Flat
£115K	09/21	0.78 mi	60, Hermiston Road, Glasgow G32 0DN	-	-	2	Flat
£79.6K	02/21	0.89 mi	69d, Budhill Avenue, Glasgow G32 0PG	-	-	2	Flat
£75K	12/21	0.94 mi	162c, Budhill Avenue, Glasgow G32 0PJ	-	-	2	Flat
£137K	05/21	0.95 mi	327, Ardgay Street, Glasgow G32 9BG	-	-	2	Flat
£110K	07/21	0.95 mi	95, Gatehouse Street, Glasgow G32 9DB	-	-	2	Flat
£67K	05/21	1.01 mi	31, 2/1, Porchester Street, Glasgow G33 5BN	-	-	2	Flat
£133K	11/21	1.02 mi	77, Killin Street, Glasgow G32 9AH	-	-	2	Flat
£109.2K	10/21	1.05 mi	299, Ardgay Street, Glasgow G32 9BQ	-	-	2	Flat
£110K	11/21	1.05 mi	15, Kippford Street, Glasgow G32 9BW	-	-	2	Flat
£39K	02/21	1.09 mi	5, Gardyne Street, Glasgow G34 9QQ	-	-	2	Flat
£85K	04/21	1.1 mi	4, 2/1, Fenella Street, Glasgow G32 7JT	-	-	2	Flat
£87.5K	10/21	1.1 mi	2, 0/2, Fenella Street, Glasgow G32 7JT	-	-	2	Flat
£92K	09/21	1.11 mi	270, Ardgay Street, Glasgow G32 9BD	-	-	2	Flat
£75K	02/21	1.11 mi	292, Ardgay Street, Glasgow G32 9BD	-	-	2	Flat
£320K	11/21	1.12 mi	10, Kenmuir Avenue, Glasgow, Lanarkshire G32 9LE	-	-	2	Flat
£110K	07/21	1.14 mi	44, Dunrod Street, Glasgow G32 9XH	-	-	2	Flat
£143K	11/21	1.17 mi	34, Queensby Road, Baillieston, Glasgow, Lanark G69 6PS	-	-	2	Flat
£127.3K	04/21	1.17 mi	174, Academy Street, Glasgow G32 9XE	-	-	2	Flat
£70.5K	02/21	1.17 mi	34, Borthwick Street, Glasgow G33 3UU	-	-	2	Flat
£91K	12/21	1.2 mi	9, Greenshields Road, Baillieston, Glasgow, Lanark G69 6DG	-	-	2	Flat
£91.1K	03/21	1.21 mi	208, Ardgay Street, Glasgow G32 9XG	-	-	2	Flat
£57.5K	12/20	1.22 mi	11, 0/2, Dubton Street, Glasgow G34 0NW	-	-	2	Flat
£85K	09/21	1.22 mi	32, Glenalmond Street, Glasgow G32 7UG	-	-	2	Flat
£108.3K	02/21	1.25 mi	182, Ardgay Street, Glasgow G32 9XF	-	-	2	Flat
£121.2K	05/21	1.25 mi	190, Ardgay Street, Glasgow G32 9XF	-	-	2	Flat
£80.4K	12/21	1.27 mi	137, Whitburn Street, Glasgow G32 6RD	-	-	2	Flat
£110K	09/21	1.29 mi	8, Flat 1/2, South Scott Street, Baillieston, Glasgow G69 7JA	-	-	2	Flat
£50K	09/21	1.3 mi	153, Culrain Street, Glasgow G32 7UD	-	-	2	Flat
£80K	05/21	1.3 mi	234, Haymarket Street, Glasgow G32 6QX	-	-	2	Flat
£100K	12/21	1.32 mi	317, Amulree Street, Glasgow G32 7SJ	-	-	2	Flat
£59K	11/21	1.34 mi	5, 2/2, Denmilne Path, Glasgow G34 0AA	-	-	2	Flat
£72.5K	11/21	1.35 mi	7, Greyfriars Street, Glasgow G32 6RJ	-	-	2	Flat
£67K	05/21	1.36 mi	201, Denmilne Street, Glasgow G34 9RH	-	-	2	Flat
£125K	06/21	1.36 mi	36b, Gilbertfield Street, Glasgow G33 3TG	-	-	2	Flat
£100K	08/21	1.37 mi	813, Carntyne Road, Glasgow G32 6LS	-	-	2	Flat
£92K	07/21	1.38 mi	57, South Scott Street, Baillieston, Glasgow, Lanarkshire G69 7JL	-	-	2	Flat
£135K	06/21	1.39 mi	169, 2/4, Hamilton Road, Glasgow, Lanark G32 9QT	-	-	2	Flat
£65K	03/21	1.39 mi	22, Lochdochart Road, Glasgow G34 0PZ	-	-	2	Flat
£92K	03/21	1.41 mi	12, Gilmerton Street, Glasgow, Gla G32 7SQ	-	-	2	Flat
£50K	11/20	1.46 mi	5, Finlarig Street, Glasgow G34 0PX	-	-	2	Flat
£40K	06/21	1.48 mi	17, Whitburn Street, Glasgow G32 6PG	-	-	2	Flat
£43.5K	10/21	1.48 mi	13, Whitburn Street, Glasgow G32 6PE	-	-	2	Flat
£73K	05/21	1.48 mi	43, Cardowan Road, Glasgow G32 6RT	-	-	2	Flat
£97.5K	08/21	1.53 mi	23, Arniston Street, Glasgow G32 6PF	-	-	2	Flat
£55.5K	04/21	1.54 mi	98, 2/1, Denmilne Street, Glasgow G34 0AH	-	-	2	Flat
£53K	04/21	1.54 mi	46, Denmilne Street, Glasgow G34 0AH	-	-	2	Flat
£120K	11/21	1.58 mi	250, Morningside Street, Glasgow G33 3AN	-	-	2	Flat

Local Rents

50 rents from £575/mo to £1.1K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£950	12/23	0.13 mi	-	2	Flat
£850	02/25	0.38 mi	-	2	Flat
£750	12/24	0.4 mi	Sandaig Road, Barlanark, Glasgow, G33 4SY	2	Flat
£900	11/24	0.4 mi	-	2	Flat
£750	12/24	0.69 mi	Baillieston Road, Mount Vernon, Glasgow, G32 0TG	2	Flat
£695	04/24	0.69 mi	Baillieston Road,Glasgow,G32	2	Flat
£795	04/24	0.69 mi	Crowlin Crescent, Springboig	2	Flat
£895	01/25	0.83 mi	-	2	Flat
£895	11/24	0.84 mi	-	2	Flat
£800	04/24	0.84 mi	1702, Shettleston Road, Glasgow, G32 9AW	2	Flat
£995	02/25	0.86 mi	-	2	Terraced House
£775	04/25	0.86 mi	-	2	Flat
£595	11/23	0.86 mi	-	2	Flat
£695	04/24	0.87 mi	Shettleston Road, Sandyhills, Glasgow, G32 9AN	2	Flat
£860	11/23	0.88 mi	-	2	Flat
£1,050	12/24	0.89 mi	-	2	Flat
£1,050	03/25	0.89 mi	-	2	Flat
£850	04/24	0.89 mi	Dodside Place, Sandyhills	2	Flat
£800	12/24	0.89 mi	Dodside Place, Sandyhills	2	Flat
£825	04/24	0.91 mi	Gatehouse Street, Sandyhills	2	Flat
£875	12/24	0.92 mi	-	2	Flat
£850	07/24	0.92 mi	-	2	Terraced House
£895	04/24	0.92 mi	-	2	Flat
£675	12/24	0.92 mi	-	2	Flat
£950	12/24	0.94 mi	-	2	Flat
£799	12/23	0.94 mi	-	2	Flat
£795	12/24	0.95 mi	-	2	Flat
£725	03/25	0.96 mi	-	2	Flat
£850	04/24	0.96 mi	Girthon Street, Glasgow, G32	2	Flat
£575	04/24	1.01 mi	Porchester Street,Glasgow,G33	2	Flat
£895	04/24	1.05 mi	Kippford Street, Sandyhills	2	Flat
£950	04/24	1.07 mi	Dalry Street, Glasgow, G32	2	Flat
£850	04/24	1.1 mi	Fenella Street, Shettleston	2	Flat
£875	12/24	1.1 mi	-	2	Flat
£795	04/24	1.1 mi	Fenella Street, Shettleston, Glasgow, G32	2	Flat
£895	04/25	1.12 mi	-	2	Flat
£895	11/24	1.12 mi	-	2	Flat
£995	04/25	1.13 mi	-	2	Semi-Detached House
£875	12/24	1.14 mi	-	2	Flat
£900	10/23	1.14 mi	-	2	Flat
£750	04/24	1.15 mi	Meadowwell Street, Bright & Spacious Unfurnished 2 Bedroom, Shettleston - Available 27/03/2024	2	Flat
£750	12/24	1.15 mi	Meadowwell Street, Spacious 2 Bed Unfurnished Apartment, Shettleston- Available 10/04/2024	2	Flat
£850	01/25	1.15 mi	-	2	Flat
£795	12/24	1.16 mi	Old Shettleston Road, Shettleston	2	Flat
£850	06/24	1.16 mi	-	2	Flat
£995	12/24	1.17 mi	-	2	Flat
£1,025	12/24	1.18 mi	-	2	Semi-Detached House
£999	03/25	1.18 mi	-	2	Semi-Detached House
£825	10/23	1.18 mi	-	2	Flat
£675	04/24	1.18 mi	Old Shettleston Road, Shettleston	2	Flat

Local Area Statistics


Rental growth (12m)	+21%+21%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+45%+45%

Property History

Listed for £70,000

September 2, 2024

Description

Tenanted Property +
Fantastic Investment Opportunity +
No Refurbishment Needed +
Private Parking +
Great Area +

Caledonia Sales are delighted to present 31 Burnett Rd, Glasgow G33 4PX.

Please note, this property is already tenanted and receiving a rental income of £488 P/M.

Market rent for this property is around £850, which gives a potential yield of 13.60%.

This flat is well presented, and offers two double bedrooms, kitchen, bathroom, living area, and plenty of storage options.

Externally the property benefits from communal garden grounds, residents parking with both allocated and visitors parking spaces.

The property is situated close to public transport routes and local shopping facilities. In addition, access to the M8 motorway network is within two mile making it an ideal location for commuters.