2 Bed Semi-Detached House, Single Let, Ardrossan, KA22 7JN, £55,000

80 Lawson Drive, Ardrossan, KA22 7JN - 2 views - 7 months ago

Under Offer
BTL
ROI: 15%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£60K - £200.1K

 

 

Square Metres

~68.11 m²

Value Estimate

£60,000
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£2,850

Total Cash In

£16,600

 

 

Cash Out

 

Rent Range

£475 - £1,100

Rent Estimate

£495

Running Costs/mo

£291

Cashflow/mo

£204

Cashflow/yr

£2,450

ROI

15%

Gross Yield

11%

Local Sold Prices

40 sold prices from £60K to £200.1K, average is £88.6K.

PriceDateDistanceAddressBeds 
£70.5K03/210.1 mi23, Whitecraig Road, Ardrossan, Ayrshire KA22 7EF2
£70.5K09/210.12 mi55, Lawson Drive, Ardrossan, Ayrshire KA22 7JQ2
£87K07/210.16 mi77, Chapelhill Mount, Ardrossan, Ayr KA22 7LY2
£78K04/210.18 mi2, Burns Terrace, Ardrossan, Ayrshire KA22 7HX2
£85K07/210.23 mi70, Chapelhill Mount, Ardrossan, Ayrshire KA22 7LX2
£63K03/210.23 mi65, Chapelhill Mount, Ardrossan, Ayrshire KA22 7LX2
£76K01/210.24 mi10, Chapelhill Mount, Ardrossan, Ayrshire KA22 7LU2
£67.5K07/210.3 mi5, Central Avenue, Ardrossan, Ayrshire KA22 7DZ2
£81K12/200.31 mi60, Elm Park, Ardrossan, Ayrshire KA22 7DB2
£97K03/210.32 mi5, Greenacres, Ardrossan KA22 7PP2
£110.1K04/210.32 mi25, Greenacres, Ardrossan, Ayrshire KA22 7PP2
£117K10/210.32 mi7, Greenacres, Ardrossan, Ayrshire KA22 7PP2
£98K10/210.36 mi50, Rowanside Terrace, Ardrossan, Ayrshire KA22 7LJ2
£172.2K10/210.43 mi29, Montfode Court, Ardrossan, Ayrshire KA22 7NJ2
£160K04/210.43 mi24, Montfode Court, Ardrossan, Ayrshire KA22 7NJ2
£150K03/210.43 mi25, Montfode Court, Ardrossan, Ayrshire KA22 7NJ2
£81K08/210.48 mi7, Birch Terrace, Ardrossan, Ayrshire KA22 8PT2
£85K10/210.48 mi11, Harvey Gardens, Ardrossan, Ayrshire KA22 8LG2
£60K07/210.56 mi1, Kirkhall Gardens, Ardrossan, Ayrshire KA22 7BX2
£165K12/210.6 mi16, Caledonia Road, Ardrossan, Ayrshire KA22 8LE2
£90K01/210.6 mi22, Kirkhall Gardens, Ardrossan, Ayrshire KA22 7BX2
£148.1K09/210.62 mi20, Parkhouse Road, Ardrossan, Ayrshire KA22 8AL2
£200.1K08/210.64 mi45, Moffat Wynd, Saltcoats, Ayrshire KA21 6GA2
£127K05/210.67 mi14, Knock Jargon Court, Saltcoats, Ayrshire KA21 6HG2
£128K11/210.67 mi8, Knock Jargon Court, Saltcoats, Ayrshire KA21 6HG2
£150K12/210.67 mi10, Knock Jargon Court, Saltcoats KA21 6HG2
£162K08/210.7 mi17, Keir Hardie Drive, Ardrossan, Ayrshire KA22 8PA2
£130.1K02/210.73 mi51, Caledonia Crescent, Ardrossan, Ayr KA22 8LW2
£106K12/200.78 mi13, Horse Isle View, Ardrossan, Ayr KA22 8PD2
£95.5K04/210.78 mi28, Horse Isle View, Ardrossan, Ayrshire KA22 8PD2
£65K10/210.82 mi17, Pirnmill Road, Saltcoats, Ayrshire KA21 6DG2
£81K03/210.84 mi18, Cumbrae Road, Saltcoats, Ayrshire KA21 6EZ2
£87.3K06/210.84 mi15, Carey Road, Saltcoats, Ayrshire KA21 6EY2
£121K05/210.87 mi41, Meiklelaught Place, Saltcoats, Ayrshire KA21 6GR2
£117.3K07/210.9 mi56, Meikelaught Place, Saltcoats, Ayr KA21 6GS2
£73K02/210.92 mi4, Fleming Crescent, Saltcoats, Ayrshire KA21 6EF2
£85K11/210.93 mi18, Davaar Road, Saltcoats, Ayrshire KA21 6HB2
£85K12/210.93 mi10, Islay Crescent, Saltcoats, Ayrshire KA21 6HD2
£85.2K07/211 mi46, Carrick Avenue, Saltcoats, Ayrshire KA21 6DZ2
£74K12/211 mi26, Boyd Orr Road, Saltcoats, Ayrshire KA21 6EW2

Local Rents

55 rents from £475/mo to £1.1K/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£70006/240.1 mi-2
£70006/240.1 miMossgiel Rd, Ardrossan, KA222
£60011/240.14 mi-2
£60011/240.14 mi-2
£60011/240.14 mi-2
£57002/250.14 mi-2
£57003/250.14 mi-2
£65009/230.14 mi-2
£65009/230.14 mi-2
£65009/230.14 mi-2
£65009/230.14 mi-2
£70004/240.19 miChurchill Drive, Ardrossan, Ayrshire, KA222
£60001/240.36 miRowanside Terrace, Ardrossan, Ayrshire, KA222
£63501/240.48 miBirch Terrace, Ardrossan, Ayrshire, KA222
£47507/230.66 mi-2
£47507/230.66 mi-2
£53001/250.66 mi-2
£55001/240.73 miCaledonia Crescent, Ardrossan, Ayrshire, KA222
£50004/240.74 mi'Seton Court', Seton Street, Ardrossan, Ayrshire, KA222
£55004/250.78 mi-2
£55004/240.78 miWinton Street, Ardrossan, Ayrshire, KA222
£59504/240.82 miKilbrannan Avenue, Saltcoats, North Ayrshire2
£49504/240.88 miSt. Johns Place, Ardrossan, Ayrshire, KA222
£52506/230.89 mi-2
£52506/230.89 mi-2
£52506/230.89 mi-2
£50006/240.89 miSt. Johns Place,Ardrossan,KA222
£49501/240.91 miWinton Court, Ardrossan, Ayrshire, KA222
£62505/230.96 mi-2
£59504/250.97 mi-2
£70008/241 miBoyd Orr Road, Saltcoats, KA212
£55001/251 mi-2
£55001/251 mi-2
£57003/251.01 mi-2
£57003/251.02 mi-2
£57003/251.02 mi-2
£57003/251.02 mi-2
£65007/231.02 mi-2
£50001/241.1 mi-2
£50001/241.1 mi-2
£59504/241.11 miGlasgow Street, Ardrossan, KA222
£60005/241.11 miGlasgow Street, Ardrossan, KA222
£64504/241.11 mi-2
£64504/241.11 mi-2
£60006/241.11 mi-2
£1,10001/241.11 mi-2
£1,10001/241.11 mi-2
£60004/241.12 miMariners View, Ardrossan, North Ayrshire, KA222
£57505/241.14 miHill Street, Ardrossan2
£57505/241.14 miHill Street, Ardrossan2
£57506/241.21 mi-2
£57505/241.21 miDalry Road, Saltcoats, KA212
£60011/241.23 mi-2
£60011/241.23 mi-2
£60011/241.23 mi-2

Local Area Statistics

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £55,000

September 24, 2024

Sold for £45,000

2004

Floor Plans

Description

  • Popular Location +
  • Excellent Investor Opportunity +
  • Great Floor Space +
  • Private Gardens +
  • Driveway +
  • Close to Bus Route +
  • No Chain +

Welcome Homes is thrilled to bring this fantastic investment opportunity to the market.

The property requires refurbishment throughout but offers excellent floor space, private gardens and off street parking, with superb potential to improve.

The accommodation over two levels comprises on the ground floor a welcoming entrance hallway with understair storage, a bright lounge diner with window to the front and French doors to the rear garden, and a good sized kitchen. On the upper level there are 2 double bedrooms and a family bathroom.

Externally the property benefits from gardens to the front and rear. The rear garden is enclosed and laid with a paved patio, lawn and borders of mature trees and bushes. The front garden is chipped and well stocked with plants and trees and has a driveway leading to the rear of the property.

Lawson Drive is a popular residential area close to local shopping, green spaces and the bus route. This property once renovated will be perfect as a first home or as a rental investment.

DISCLAIMER: This property is being sold as seen in its current condition. No warranty is given to any purchaser in respect of the existence or condition of any systems or services, including the heating system. No testing of any systems or services has been carried out or will be carried out prior to sale. No moveable items are included in the sale. Any potential purchasers require to accept these conditions of sale.

DIMENSIONS:-

Lounge Diner: 5.66 x 3.16 m
Kitchen: 3.56 x 2.27 m
Bedroom 1: 4.63 x 2.72 m
Bedroom 2: 3.68 x 2.88 m
Bathroom: 1.83 x 1.80 m

COUNCIL TAX BAND A

Agent Details

Welcome Homes Ayrshire, Stevenston

01294 442350

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪