2 Bed Flat, Single Let, Alloa, FK10 4RW, £85,000

6 Roanhead Terrace, Toll Road, Kincardine, FK10 4RW, Alloa - 2 views - 6 months ago

Sold STC

BTL

ROI: 23%

~68 m²

+6 photos

ValuationOvervalued

Sold Prices	£62K - £192.1K

Square Metres	~68.11 m²
Value Estimate	£68,000£68,000

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£21,250£21,250
Stamp Duty & Legal Fees	£3,750£3,750
Total Cash In	£25,000£25,000

Cash Out
Rent Range	£795 - £3,990£795 - £3,990
Rent Estimate	£954
Running Costs/mo	£476£476
Cashflow/mo	£478£478
Cashflow/yr	£5,731£5,731
ROI	23%23%
Gross Yield	13%13%

Local Sold Prices

6 sold prices from £62K to £192.1K, average is £109K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£62K	03/21	0.23 mi	28, Priory Square, Kincardine, Alloa, Fife FK10 4PF	-	-	2	Flat
£118K	02/21	0.29 mi	34, Keith Street, Kincardine, Alloa, Ffe FK10 4NB	-	-	2	Flat
£192.1K	03/21	2.04 mi	21, Banks View, Airth, Falkirk, Stirlingshire FK2 8PZ	-	-	2	Flat
£120K	10/21	2.21 mi	14, Kennet Village, Alloa, Clackmannanshire FK10 4DP	-	-	2	Flat
£70K	10/21	2.86 mi	4, Craigrie Terrace, Clackmannan, Clackmannanshire FK10 4ER	-	-	2	Flat
£100K	11/21	2.92 mi	8a, Hetherington Drive, Clackmannan, Clackmannanshire FK10 4HQ	-	-	2	Flat

Local Rents

6 rents from £795/mo to £4K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,600	02/25	0.02 mi	-	2	Semi-Detached House
£3,990	02/25	0.16 mi	-	3	Semi-Detached House
£795	04/24	0.16 mi	Mercer Street, Kincardine, Alloa	2	Bungalow
£2,000	03/24	1.13 mi	Windyhill Farm Tulliallan, Alloa	6	Detached House
£1,800	04/24	1.13 mi	Windyhill Farm Tulliallan, Alloa	6	Detached House
£1,050	04/24	2.14 mi	High Street, Airth, Falkirk, FK2	3	Semi-Detached House

Local Area Statistics


Rental growth (12m)	+5%+5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+31%+31%

Property History

Listed for £85,000

September 19, 2024

Floor Plans

Description

Main door upper flat, 2 bedrooms +
Flexible layout +
Good storage +
Close to Town Centre +
Generous garden +
Gas central heating +
Double glazing +

There is an excellent internal layout which includes a reception hallway, lounge, kitchen, two double bedrooms and shower room.

Gas central heating and double glazed windows are installed and there is ample storage throughout.

Room sizes and accommodation

Lounge:- 4.58m x 3.61m (15'0 x 11'0)
Kitchen:- 3.36m x 3.35m (11'0 x 10'11)
Bedroom 1:- 3.65m x 3.90m (11'11 x 12'9)
Bedroom 2:- 2.57m x 3.91m (8'5 x 12'9)
Shower room:- 2.12m x 1.40m (6'11 x 4'7)

The property benefits from generous garden grounds to rear which are mainly laid to lawn. There is a timber garden shed and greenhouse.

Kincardine lies on the northern shores of the Firth of Forth. There are excellent amenities close by, such as shops, pubs, restaurants and an 18 hole golf course. Kincardine is ideal for commuting with easy access to both Kincardine Bridges and a fast motorway network to Edinburgh, Grangemouth, Stirling and Glasgow. Dunfermline City Centre is approximately 12 miles away.

This property is being sold in its present condition and no warranty will be given to any purchaser with regard to the existence or condition of the services or any heating or other system within the property.