2 Bed Flat, Single Let, Alloa, FK10 4LR, £60,000

10 PARADISE LANE, KINCARDINE, ALLOA, FK10 4LR - 1 views - 6 months ago

Sold STC

BTL

ROI: 25%

~68 m²

+9 photos

ValuationFair Value

Sold Prices	£60K - £192.1K

Square Metres	~68.11 m²
Value Estimate	£60,246£60,246

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£15,000£15,000
Stamp Duty & Legal Fees	£3,000£3,000
Total Cash In	£18,000£18,000

Cash Out
Rent Range	£795 - £3,990£795 - £3,990
Rent Estimate	£728
Running Costs/mo	£353£353
Cashflow/mo	£375£375
Cashflow/yr	£4,499£4,499
ROI	25%25%
Gross Yield	15%15%

Local Sold Prices

7 sold prices from £60K to £192.1K, average is £100K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£118K	02/21	0.08 mi	34, Keith Street, Kincardine, Alloa, Ffe FK10 4NB	-	-	2	Flat
£62K	03/21	0.45 mi	28, Priory Square, Kincardine, Alloa, Fife FK10 4PF	-	-	2	Flat
£192.1K	03/21	1.79 mi	21, Banks View, Airth, Falkirk, Stirlingshire FK2 8PZ	-	-	2	Flat
£120K	10/21	2.2 mi	14, Kennet Village, Alloa, Clackmannanshire FK10 4DP	-	-	2	Flat
£70K	10/21	2.8 mi	4, Craigrie Terrace, Clackmannan, Clackmannanshire FK10 4ER	-	-	2	Flat
£100K	11/21	2.87 mi	8a, Hetherington Drive, Clackmannan, Clackmannanshire FK10 4HQ	-	-	2	Flat
£60K	10/21	2.95 mi	8, Manse Terrace, Clackmannan FK10 4JZ	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£3,990	02/25	0.1 mi	-	3	Semi-Detached House
£795	04/24	0.1 mi	Mercer Street, Kincardine, Alloa	2	Bungalow
£3,600	02/25	0.25 mi	-	2	Semi-Detached House
£2,000	03/24	1.22 mi	Windyhill Farm Tulliallan, Alloa	6	Detached House
£1,800	04/24	1.22 mi	Windyhill Farm Tulliallan, Alloa	6	Detached House
£1,050	04/24	1.9 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 £60,000

September 26, 2024

Floor Plans

Description

Jennifer Grant would like to welcome to Paradise Lane, Kincardine, Alloa - a charming location that offers the perfect blend of comfort and convenience. This delightful flat boasts 1 reception room, 2 cosy bedrooms, and 1 bathroom, providing a snug and welcoming living space.

With 473 sq ft of space, this property is ideal for those seeking a cosy yet manageable home. Situated in the heart of Kincardine, you'll find yourself surrounded by the warmth of the community and the convenience of local amenities.

For families, the proximity to great local schools makes this flat an excellent choice. Whether you're a first-time buyer looking to step onto the property ladder or an investor seeking a promising opportunity, this property offers both comfort and potential. Don't miss out on the chance to make this lovely flat your own in the heart of Kincardine.

Agent Details

McIntyre Properties, Dundee

01382 919450

Next Steps?

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

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