6 Bed Detached House, Planning Permission, Dunoon, PA23 7UA, £305,000

Toward, Dunoon, Argyll and Bute, PA23 7UA - 7 months ago

Sold STC
Auction
Planning
ROI: 7%
~186 m²
+58 photos

Valuation

Sold Prices£315K - £360K

 

 

Square Metres

~186 m²

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£76,250

Stamp Duty & Legal Fees

£19,200

Total Cash In

£95,450

 

 

Cash Out

 

Rent Range

£1,950 - £1,950

Rent Estimate

£1,950

Running Costs/mo

£1,363

Cashflow/mo

£587

Cashflow/yr

£7,043

ROI

7%

Gross Yield

8%

Local Sold Prices

2 sold prices from £315K to £360K, average is £337.5K.

PriceDateDistanceAddressBeds 
£315K12/212.87 mi1, Albany Road, Rothesay, Isle Of Bute, Bute PA20 9JX4
£360K10/212.99 mi18, St Clair, Craigmore Road, Rothesay, Isle Of Bute, Bute PA20 9LB4

Local Rents

2 rents from £1.9K/mo to £1.9K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,95007/240.55 miShorehouse, Toward, Dunoon, PA234
£1,95008/240.55 mi-4

Local Area Statistics

Population in Dunoon

12,620

Town centre distance

5.97 miles away

Nearest school

0.90 miles away

Nearest train station

3.44 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+47%

Property History

Listed for £305,000

September 12, 2024

Floor Plans

Description

Set within extensive, private grounds and occupying a genuine shore front position on the banks of the River Clyde, Beechgrove House, a character filled detached villa boasting uninterrupted views offers a stunning layout of accommodation which although in need of upgrading throughout offers incredible potential. The versatile layout, perfect for growing families, comprises a reception hall with feature staircase and stained glass window, 4 main public rooms with feature ceiling cornice, a large dining kitchen, home office, laundry room, 6/7 bedrooms, shower room and bathroom. Garage. The mature garden grounds offer extensive lawn sections and scope for further outbuildings, potential development plots and a long driveway leads in from the main road. Oil central heating. Partial double glazing.
The property is located approximately 6 miles from the main town of Dunoon where there is a host of amenities, supermarket shopping and leisure facilities. Dunoon is the main resort on the beautiful Cowal Peninsula and is known as the maritime gateway to the Loch Lomond & Trossachs National Park and is also the stage for the famous Cowal Highland Gathering each year.
Travelling to Dunoon from Glasgow is straightforward with public transport available to Gourock on the West Coast where a ferry will take cars and foot passengers across. It is extremely rare for a property of this size and in such a unique location to be available and early viewing is strongly advised.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Settle within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Slater Hogg & Howison, Greenock

01475 603717

Next Steps?

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