2 Bed Flat, Single Let, Glasgow, G72 7ET, £104,995

57 STRATHCLYDE GARDENS, Cambuslang, Glasgow, South Lanarkshire G72 7ET - 3 views - 8 months ago

Sold STC
BTL
ROI: 7%
~79 m²
+8 photos

ValuationOvervalued

Sold Prices£43K - £200K

 

 

Square Metres

~79.30 m²

Value Estimate

£97,500

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,249

Stamp Duty & Legal Fees

£4,350

Total Cash In

£30,599

 

 

Cash Out

 

Rent Range

£650 - £900

Rent Estimate

£650

Running Costs/mo

£478

Cashflow/mo

£172

Cashflow/yr

£2,063

ROI

7%

Gross Yield

7%

Local Sold Prices

25 sold prices from £43K to £200K, average is £95K.

PriceDateDistanceAddressBeds 
£97K08/210 mi40, Strathclyde Drive, Rutherglen, Glasgow, Lanarkshire G73 2TG2
£79.3K12/210.07 mi19, Barony Grove, Cambuslang, Glasgow, Lanarkshire G72 7EU2
£78K12/210.07 mi21, Barony Grove, Cambuslang, Glasgow, Lanarkshire G72 7EU2
£78K12/210.07 mi20, Barony Grove, Cambuslang, Glasgow, Lanarkshire G72 7EU2
£78K10/210.07 mi18, Barony Grove, Cambuslang, Glasgow, Lanarkshire G72 7EU2
£100K08/210.43 mi25, Clyde Place, Cambuslang, Glasgow, Lanark G72 7QT2
£105K11/210.44 mi2, Clyde Place, Cambuslang, Glasgow, Lanarkshire G72 7QT2
£90K10/210.44 mi34, Overton Road, Cambuslang, Glasgow, Lanark G72 7QR2
£76.1K10/210.66 mi65, Helmsdale Court, Cambuslang, Glasgow G72 7YR2
£89K10/210.94 mi12, Lockhart Drive, Cambuslang, Glasgow, Lanark G72 7RU2
£161.3K09/211.13 mi28, Croft Road, Cambuslang, Glasgow, Lanarkshire G72 8LB2
£117K05/211.14 mi36, Westfarm Court, Cambuslang, Glasgow, Lanarkshire G72 7TU2
£118K03/211.15 mi47, Croft Gardens, Cambuslang, Glasgow, Lanarkshire G72 8HQ2
£115K04/211.15 mi1, Croft Gardens, Cambuslang, Glasgow, Lanarkshire G72 8HQ2
£43K12/211.19 mi1 2/1, Vicarland Road, Cambuslang, Glasgow, Lanarkshire G72 8LJ2
£98K05/211.28 mi4a, Vicarland Place, Cambuslang, Glasgow, Lanarkshire G72 8QE2
£95K05/211.45 mi6, Kirk Mews, Cambuslang, Glasgow, Lanarkshire G72 8HY2
£73K02/211.58 mi84, Western Road, Cambuslang, Glasgow, Lan G72 8EG2
£200K04/211.62 miFlat 4, Douglas Tower, Regents Gate, Bothwell, Glasgow, Lanarkshire G71 8FE2
£102K10/211.66 mi48, Gardenside Crescent, Glasgow, Lan G32 8DU2
£187K10/211.87 mi116, Kylepark Drive, Uddingston, Glasgow, Lanarkshire G71 7DE2
£67K05/211.93 mi7, Boswell Drive, Blantyre, Glasgow, Lanarkshire G72 0BJ2
£70.5K05/211.99 mi10, Glen Etive Place, Rutherglen, Glasgow, Lanarkshire G73 5PA2
£65K12/211.99 mi17, Glen Etive Place, Rutherglen, Glasgow, Lanark G73 5PA2
£165K06/212 mi36, Loancroft Gate, Uddingston, Glasgow, Lanarkshire G71 7HN2

Local Rents

20 rents from £650/mo to £900/mo, average is £763/mo.

RentDateDistanceAddressBeds 
£90001/250 mi-2
£82504/240 miStrathclyde Gardens, Glasgow, G722
£85004/240.18 miMedlar Court, Cambuslang2
£75004/240.31 miCastle Chimmins Avenue, Cambuslang, Glasgow, G722
£65012/240.45 miHamilton Road, Glasgow, G722
£69912/240.5 miMill Road, Cambuslang, G722
£75004/240.5 mi19 Gateside Avenue, Cambuslang2
£69512/240.53 mi14 Mill Road 2
£80002/250.56 mi-2
£79504/240.72 miHamilton Road, Cambuslang, G722
£65001/240.79 mi-2
£72512/240.79 mi-2
£85012/240.9 miLeighton Court, Cambuslang2
£75004/240.92 miHugh Murray Grove, Cambuslang, Glasgow, G722
£78012/231.07 mi-2
£77512/241.1 mi-2
£77512/241.1 miCairns Road, Cambuslang, Glasgow, G722
£69504/241.11 miCairns Road, Cambuslang, G722
£72512/241.13 miCroft Road , Glasgow, G72 8LB2
£79512/241.14 miWestfarm Court, Glasgow, G722

Local Area Statistics

 

 

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £104,995

September 4, 2024

Floor Plans

Description

  • Buy-to-Let Investment Property +
  • Tenanted & Fully Compliant +
  • Home Report : £105,000 +
  • 2 Bedrooms +
  • Current Rental £800pm +
  • Current Yield 9.1% +
  • EPC Rating: B +
  • 82 sq m +
  • Unfurnished Let +
  • No Buyer Fees +

Tenanted 2 bedroom buy-to-let property investment in Cambuslang. This first floor property is located within a modern development with the accommodating comprising an entrance hall, open plan living room/kitchen, double bedroom with en-suite shower room, 2nd bedroom, utility cupboard, and bathroom with WC. The property benefits from gas central heating, double glazing, residents parking, and is fully compliant for the rental market. The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the tenant has been resident since September 2023 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £9,600 representing an immediate yield of 9.1%. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £105K and the property has an EWS1. The factoring charge is approximately £250-£300 per quarter. Cambuslang is located just south of the River Clyde and about six miles southeast of the centre of Glasgow. The property is approximately a 25 minutes drive from George Square or 20 minutes train journey from Kirkhill Station.

Agent Details

Portolio, Edinburgh

020 3907 3640

Next Steps?

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