3 Bed Flat, Refurb/BRRR, Glasgow, G43 1BY, £89,995

Hillside Road, Glasgow, G43 1BY 1 - 5 months ago

Sold STC
Cash
Refurb/BRRR
ROI: 10%
~112 m²
+5 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,499

Stamp Duty & Legal Fees

£3,900

Refurb Costs

£43,456

Bridging Loan Interest

£2,362

Total Cash In

£73,967

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£96,000

Mortgage (After Refinance)

£72,000

Mortgage LTV

75%

Cash Released

£4,504

Cash Left In

£69,463

Equity

£24,000

Rent Range

£795 - £2,695

Rent Estimate

£1,168

Running Costs/mo

£554

Cashflow/mo

£614

Cashflow/yr

£7,373

ROI

10%

Gross Yield

16%













Local Rents

30 rents from £795/mo to £2.7K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£99512/230.1 mi-3
£99502/240.1 mi-3
£89504/240.1 mi-3
£99503/250.1 mi-3
£89504/240.1 miBrownhill Road, Glasgow, G433
£79504/240.12 miBrownhill Road, Mansewood, Glasgow3
£99504/240.14 miWindhill Crescent, Mansewood, Glasgow, G433
£90004/240.18 miBarmill Road, Glasgow3
£89505/240.18 miParkneuk Road, Glasgow, Glasgow City, G433
£85004/240.21 miThornliebank, Barmill Road, G43 1EQ - Unfurnished3
£1,40005/240.22 miAlder Road, Other, East Renfrewshire, G433
£80002/240.23 mi-3
£1,00009/230.25 mi-3
£1,40001/250.26 mi-3
£99504/240.26 mi-3
£99508/240.26 mi-3
£95003/250.26 mi-3
£99504/240.26 miNethercairn Road, Glasgow, G433
£1,60003/240.28 mi-3
£82504/240.29 miBonnyrigg Drive, Glasgow, G433
£2,10002/240.42 mi-3
£1,19204/240.42 mi-3
£1,15008/240.42 mi-3
£1,19204/240.42 miPentland Road, Glasgow, G433
£89504/240.42 miAuldburn Place, Mansewood, Glasgow3
£1,10004/240.48 mi-3
£1,70004/240.49 miSherwood Drive, Thornliebank, G46 7DH3
£1,10010/230.52 mi-3
£2,69504/240.53 miEastwoodhill Grove, Giffnock, Glasgow, East Renfrewshire, G463
£1,35004/240.59 miMerrycroft Avenue, Giffnock, Glasgow, G46 6DA3

Local Area Statistics

 

 

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £89,995

October 17, 2024

Floor Plans

Description

  • Spacious Accommodation Throughout +
  • 3 Double Bedrooms +
  • Sought After Location +
  • Timber Double Glazing +
  • Gas Central Heating +
  • Private Gardens +

CASH PURCHASE ONLY

Situated in a popular pocket of Mansewood in the desirable South Side of Glasgow, this larger styled three bedroom upper cottage flat offers spacious accommodation throughout. Due to its non-traditional construction known as Orlit this property is available as a CASH PURCHASE ONLY. This property will be a lovely home once it has been internally upgraded.

Accommodation comprises entrance vestibule leading to upper reception hallway with useful storage. The front facing lounge is bright and airy and there is ample room for dining if desired. The kitchen is a good size and is in need of modernisation.

Furthermore there are three well proportioned double bedrooms with plenty of space for freestanding furniture. Completing the interior is a good sized family bathroom.

Glazing
This property benefits from Double Glazing.

Heating
This property benefits from Gas Central Heating.

Gardens
This property benefits from Private and Communal Well Tended Gardens.

Accommodation Sizes (All sizes are approximate)
Lounge 15' 8" x 11' 4" ( 4.78m x 3.45m )
Kitchen 11' 8" x 9' 3" ( 3.56m x 2.82m )
Bedroom One 16' 1" x 8' 9" ( 4.90m x 2.67m )
Bedroom Two 13' x 9' 9" ( 3.96m x 2.97m )
Bedroom Three 10' x 9' 4" ( 3.05m x 2.84m )
Bathroom 7' 8" x 4' 8" ( 2.34m x 1.42m )

Area
Hillside Road is set within a highly sought after area of Glasgow. Excellent local amenities together with Silverburn Shopping Centre which is a short distance away. Giffnock and Shawlands also offer an array of shopping, restaurants, cafes and bars. Primary and secondary school education is also a short distance away. Excellent transport links are exceptionally close at hand. Motorway access is within easy reach.

Early Viewing Advised!!

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Agent Details

Patch Property, Renfrewshire

0141 673 5672

Next Steps?

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