2 Bed Flat, Refurb/BRRR, Paisley, PA3 4TR, £59,995

Cluny Drive, Paisley, Renfrewshire, PA3 4TR - 4 views - 6 months ago

Under Offer
Refurb/BRRR
ROI: 12%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£43K - £136.5K

 

 

Square Metres

~68.11 m²

Value Estimate

£52,375

 

 

End Value (After Refurb)

£63,000

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£14,999

Stamp Duty & Legal Fees

£3,000

Refurb Costs

£26,658

Bridging Loan Interest

£1,575

Total Cash In

£47,982

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£63,000

Mortgage (After Refinance)

£47,250

Mortgage LTV

75%

Cash Released

£2,254

Cash Left In

£45,728

Equity

£15,750

Rent Range

£695 - £1,050

Rent Estimate

£863

Running Costs/mo

£389

Cashflow/mo

£474

Cashflow/yr

£5,682

ROI

12%

Gross Yield

17%

Local Sold Prices

49 sold prices from £43K to £136.5K, average is £82K.

PriceDateDistanceAddressBeds 
£62.5K09/210.08 mi20, Marjory Drive, Paisley, Renfrewshire PA3 4TB2
£62K02/210.09 mi118, Netherhill Road, Paisley, Renfrewshire PA3 4SB2
£62K07/210.1 mi142, Netherhill Road, Paisley, Renfrewshire PA3 4SB2
£75K04/210.11 mi19, Belmont Road, Paisley, Renfrewshire PA3 4TT2
£85K08/210.13 mi120, Gallowhill Road, Paisley, Renfrewshire PA3 4TY2
£63K05/240.16 mi86, Netherhill Road, Paisley, Renfrewshire PA3 4RW2
£120K02/240.18 mi59, Barshaw Drive, Paisley, Renfrewshire PA1 3UA2
£127.2K02/210.18 mi129, Arkleston Road, Paisley PA1 3TY2
£136.5K07/210.18 mi109, Arkleston Road, Paisley, Renfrewshire PA1 3TY2
£68K06/210.19 mi101, Netherhill Road, Paisley, Renfrewshire PA3 4RN2
£120K09/210.2 mi26, Barshaw Drive, Paisley, Renfrewshire PA1 3SG2
£75K10/210.2 mi36, Bruce Road, Paisley PA3 4SJ2
£53.5K04/240.2 mi20, Bruce Road, Paisley, Renfrewshire PA3 4SJ2
£43K10/210.24 mi101, Greenlaw Crescent, Paisley PA1 3RT2
£100K07/210.3 mi17, Greenlaw Crescent, Paisley, Renfrewshire PA1 3RS2
£108K10/210.3 mi8, Greenlaw Crescent, Paisley, Renfrewshire PA1 3RS2
£92K04/210.31 mi125, Ellon Way, Paisley, Renfrewshire PA3 4BQ2
£103K07/210.32 mi119, Ellon Way, Paisley, Ren PA3 4BQ2
£125K09/210.32 mi32, Arniston Way, Paisley, Renfrewshire PA3 4BZ2
£82K12/210.34 mi38, Netherhill Road, Paisley, Renfrewshire PA3 4RQ2
£106K03/210.39 mi71, Whitehaugh Avenue, Paisley, Renfrewshire PA1 3SS2
£115K02/210.39 miFlat 5, Arthur Allison Hall, Whitehaugh Avenue, Paisley, Renfrew PA1 3SS2
£92K04/210.4 mi81, Kelburne Oval, Paisley, Ren PA1 3ST2
£135K10/210.4 mi23, Whitehaugh Drive, Paisley PA1 3PG2
£115.3K07/210.43 mi25, Kelburne Oval, Paisley, Renfrewshire PA1 3SU2
£62K12/210.44 mi140, Renfrew Road, Paisley PA3 4BN2
£91K12/210.44 mi82, Kelburne Oval, Paisley, Renfrewshire PA1 3SX2
£100K10/210.44 mi64, Kelburne Oval, Paisley PA1 3SX2
£67K01/210.46 mi3, Glencairn Road, Paisley, Renfrewshire PA3 4LN2
£65K04/240.47 mi1, Glencairn Road, Paisley, Renfrewshire PA3 4LN2
£66K04/210.51 mi194/1, Renfrew Road, Paisley, Renfrewshire PA3 4BP2
£74K05/210.65 mi9l, Cyril Street, Paisley, Renfrewshire PA1 1RW2
£70K04/210.77 mi9, Lawn Street, Paisley PA1 1HA2
£135K11/210.78 mi7/1, Barshaw Place, Paisley, Renfrewshire PA1 3HJ2
£58K05/240.81 miFlat A, 24, Inchinnan Road, Paisley, Renfrewshire PA3 2RA2
£105K06/210.81 mi14, Millstream Court, Paisley PA1 1RR2
£82K04/210.82 mi102, Anchor Drive, Paisley PA1 1LH2
£83K04/210.84 mi31c, Cockels Loan, Renfrew, Renfrewshire PA4 0PA2
£90K07/210.84 mi34, Anchor Avenue, Paisley, Renfrewshire PA1 1LD2
£94.6K07/210.84 mi26, Anchor Avenue, Paisley, Renfrewshire PA1 1LD2
£94K10/210.84 mi55, Millstream Court, Paisley PA1 1RG2
£90K01/210.84 mi15, Millstream Court, Paisley, Renfrew PA1 1RG2
£69K08/210.85 mi36c, Vanguard Way, Renfrew, Ren PA4 0LP2
£76K07/210.86 mi21, Albion Street, Paisley, Renfrewshire PA3 2EL2
£50.1K02/210.87 mi5b, Viking Way, Renfrew, Ren PA4 0NJ2
£72K10/210.88 mi43, Laighpark View, Paisley, Ren PA3 2PE2
£66K06/210.88 mi9, Laighpark View, Paisley, Renfrewshire PA3 2PE2
£75.1K05/240.88 mi4, Laighpark View, Paisley, Renfrewshire PA3 2PE2
£75K11/210.89 mi14a, Viscount Avenue, Renfrew PA4 0LF2

Local Rents

35 rents from £695/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£69502/250.07 mi-2
£80006/240.08 miMarjory Drive, Paisley2
£80006/240.14 miNetherhill Road, Paisley2
£70006/240.14 miBruce Road, Renfrew2
£99505/240.16 mi-2
£97502/250.16 mi-2
£75006/240.17 miClaud Road, Paisley, PA32
£85012/240.17 mi-2
£80003/250.18 mi-2
£82501/250.23 mi-2
£80003/250.27 mi-2
£79508/240.3 miGreenlaw Crescent, Paisley, PA12
£97502/250.38 mi-2
£97503/250.38 mi-2
£70006/240.39 mi-2
£95001/250.41 mi-2
£95012/240.41 mi-2
£95001/250.41 mi-2
£99506/240.42 miBrabloch Park, Paisley2
£81002/250.43 mi-2
£85006/240.43 miBrabloch Park, Paisley2
£95006/240.43 mi-2
£90006/240.49 mi-2
£90006/240.49 mi-2
£1,05003/240.49 miGreenlaw Avenue, Paisley, Renfrewshire, PA12
£1,00006/240.49 miGreenlaw Avenue, Paisley2
£95006/240.49 miGreenlaw Avenue, Paisley, Renfrewshire, PA12
£80006/240.5 miGlasgow Road, Paisley2
£75003/250.55 mi-2
£87506/240.57 mi-2
£87502/250.57 mi-2
£79506/240.61 miCrossflat Crescent, Paisley2
£82007/240.61 miCrossflat Crescent, Paisley2
£79503/250.62 mi-2
£89507/240.62 miGlasgow Road, Paisley, Renfrewshire, PA12

Local Area Statistics

Population in Paisley

86,381

Town centre distance

1.20 miles away

Nearest school

0.20 miles away

Nearest train station

0.84 miles away

 

 

Rental growth (12m)

+59%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £59,995

September 17, 2024

Floor Plans

Description

  • 2 bedroom first floor flat located in popular Cluny Drive, Gallowhill, Paisley +
  • Modernisation and upgrade required with excellent potential +
  • Generous front facing lounge +
  • Separate kitchen to rear +
  • 2 bedrooms +
  • Shower room +
  • Gas central heating +
  • Rear shared drying green with section of garden +
  • On-street parking +
  • Ideal for a range of buyers, early viewing is advised +

ELLE MARIE PROPERTY presents to the market this 2- bedroom, first floor flat located in popular Cluny Drive, Gallowhill, Paisley. The property requires a degree of upgrade and modernisation throughout with excellent potential comprising generous front facing lounge, separate rear facing kitchen, 2 double bedrooms, shower room and entrance hall with built-in storage. Externally, there is a rear shared drying green and parking is on-street.

EPC Rating: C

Dimensions:

Lounge: 12'4"x13'8"
Kitchen: 8'1"x9'5"
Bedroom 1: 12'4"x12'2"
Bedroom 2: 7'8"x11'9"
Shower Room: 6'8"x4'7"

These property details are set out as a general outline only and do not constitute any part of an Offer or Contract. The photographs are for illustrative purposes only. Any services, equipment, fittings or central heating systems have not been tested and no warranty is given as to their working order. Fixtures, fittings and other items are not included unless specifically described. All measurements are approximate and for guidance only.

Agent Details

Elle Marie Property, Paisley

0141 673 4439

Next Steps?

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