3 Bed Flat, Refurb/BRRR, Glasgow, G12 9QZ, £409,000

27 Falkland Street, Hyndland, Glasgow, G12 9QZ - 5 views - 6 months ago

Under Offer
Refurb/BRRR
ROI: 4%
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£70K - £996K

 

 

Square Metres

~93 m²

Value Estimate

£277,649

 

 

End Value (After Refurb)

£310,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£102,250

Stamp Duty & Legal Fees

£21,420

Refurb Costs

£36,287

Bridging Loan Interest

£10,736

Total Cash In

£172,443

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£310,000

Mortgage (After Refinance)

£232,500

Mortgage LTV

75%

Cash Left In

£172,443

Equity

£77,500

Rent Range

£1,150 - £3,350

Rent Estimate

£2,042

Running Costs/mo

£1,397

Cashflow/mo

£645

Cashflow/yr

£7,738

ROI

4%

Gross Yield

6%

Local Sold Prices

44 sold prices from £70K to £996K, average is £172.1K.

PriceDateDistanceAddressBeds 
£415K05/210.18 mi4b, Prince Albert Road, Glasgow G12 9JX3
£460K05/210.19 mi10a, Princes Terrace, Glasgow G12 9JP3
£345K10/210.24 mi5e, Hughenden Gardens, Glasgow G12 9XW3
£678.7K06/210.25 mi53a, Partickhill Road, Glasgow, Gla G11 5AB3
£301.8K06/210.45 mi30, Huntly Gardens, Glasgow G12 9AX3
£370K03/210.51 mi9, Dowanside Road, Glasgow G12 9YB3
£585K06/210.52 mi3a, Cleveden Drive, Glasgow G12 0SB3
£605K07/210.62 mi3, Hatfield Drive, Glasgow G12 0XZ3
£221K02/210.63 mi14, 35 Chesterfield Court, Dorchester Place, Glasgow, Gla G12 0BW3
£270K09/210.67 mi1300, 85 Whittingehame Court, Great Western Road, Glasgow G12 0BH3
£234.1K09/210.67 mi1300, 98 Whittingehame Court, Great Western Road, Glasgow G12 0BH3
£165K04/210.75 mi59, Broomhill Drive, Glasgow G11 7AJ3
£615.2K11/210.81 mi42, Clouston Street, Glasgow G20 8QX3
£100K12/210.81 mi46u, Melvaig Place, Glasgow G20 8EZ3
£101K04/210.99 mi89, Kelvindale Road, Glasgow G20 8JU3
£285.3K03/210.99 mi2, Cowan Street, Glasgow G12 8PF3
£82K10/211.18 mi65, Cumlodden Drive, Maryhill, Glasgow G20 0JJ3
£950K10/211.24 mi13, Park Circus, Glasgow G3 6AX3
£310K07/211.27 mi4, 3/1, Kelvingrove Street, Glasgow G3 7RX3
£996K04/211.27 mi28 Flat G 0/1, Park Circus, Glasgow G3 6AP3
£655.1K06/211.35 mi12, Lynedoch Place, Glasgow G3 6AB3
£168K12/211.41 mi120e, Southbrae Drive, Glasgow G13 1TZ3
£600K10/211.43 mi1, Somerset Place, Glasgow G3 7JT3
£190K05/211.49 mi2a, Dungoyne Street, Glasgow G20 0BA3
£174.3K07/211.52 mi84, Copland Road, Glasgow G51 2RT3
£143.1K06/211.52 mi111a, North Woodside Road, Glasgow G20 7UZ3
£245K07/211.53 mi33a, West Princes Street, Glasgow G4 9BS3
£140K09/211.54 mi24, Woodhouse Street, Glasgow G13 1AR3
£81.5K02/211.6 mi51, Greengairs Avenue, Glasgow, Gla G51 4LH3
£319.3K04/211.66 mi1 1/1, Old Farm Road, Bearsden, Glasgow, Gla G61 1QA3
£125K03/211.73 mi9, Cedric Place, Glasgow G13 2EG3
£155K02/211.73 mi6c, Braid Square, Glasgow, Gla G4 9YB3
£70K08/211.74 mi57, Kilmaurs Street, Glasgow G51 4UB3
£114K10/211.76 mi41, Shafton Road, Glasgow G13 2NJ3
£115K04/211.76 mi28, Baldric Road, Glasgow G13 3QJ3
£155K04/211.77 mi17c, Braid Square, Glasgow G4 9YG3
£85K04/211.79 mi129, Erradale Street, Glasgow G22 6PQ3
£130.5K03/211.81 mi118, Kestrel Road, Glasgow G13 3RA3
£119K12/211.83 mi15, Drumoyne Place, Glasgow G51 4DQ3
£170K02/211.84 mi13, Walmer Crescent, Glasgow G51 1AT3
£91.2K11/211.87 mi114, Hillend Road, Glasgow G22 6PF3
£100K12/211.87 mi112, Hillend Road, Glasgow G22 6PF3
£88K08/211.87 mi111, Hillend Road, Glasgow G22 6PF3
£80K11/211.89 mi63, Eynort Street, Glasgow G22 6PH3

Local Rents

51 rents from £1.1K/mo to £3.4K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,70004/240.03 miHyndland Road,Glasgow,G123
£1,79504/240.07 miHyndland Road, Hyndland, Glasgow3
£2,00004/240.1 miClarence Drive, Hyndland3
£1,80005/240.13 mi-3
£2,39504/240.14 miFlat 3, 58 Queensborough Gardens, Hyndland, Glasgow G12 9TU3
£2,08504/240.17 miAirlie Street, Hyndland, Glasgow, G123
£2,10005/240.2 mi-3
£1,29504/240.22 miPartickhill Road, Glasgow, G113
£1,70002/240.23 mi-3
£1,90004/240.23 miNorth Gardner Street, Hyndland3
£2,00004/240.23 miNorth Gardner Street, Partickhill3
£1,80004/240.23 miNorth Gardner Street, Partickhill3
£2,30004/240.24 miHayburn Lane, Glasgow, G123
£2,30005/240.24 mi-3
£2,30005/240.24 miHayburn Lane, Glasgow, G123
£2,10004/240.25 miHayburn Lane, Hyndland, Glasgow3
£1,39504/240.27 miHughenden Gardens, Glasgow, G123
£1,39503/240.27 mi-3
£2,30005/240.27 miKensington Road, Glasgow, G123
£2,30005/240.27 mi-3
£1,50004/250.27 mi-3
£1,45004/240.28 miHighburgh Road , Flat 0/1, Hyndland , Glasgow , G12 9EN3
£2,10012/240.29 mi-3
£1,95005/240.3 mi-3
£1,95005/240.3 miHayburn Crescent - Hmo, Glasgow, G113
£1,80004/240.33 miCaird Drive, Dowanhill, Glasgow, G113
£1,32002/250.34 mi-3
£1,95004/240.35 miWhite Street, Glasgow, G113
£2,75003/250.36 mi-3
£3,35004/240.37 miDundonald Road, Dowanhill, Glasgow, G123
£3,35004/240.37 miDundonald Road, Dowanhill, Glasgow, G123
£1,49504/240.38 miCaird Drive Partick3
£2,25004/240.39 miWhite Street, Hyndland, Glasgow, G113
£2,25004/240.39 miWhite Street, Hyndland, Glasgow, G113
£1,15004/240.4 mi6 Lowther Terrace,Glasgow,G123
£2,75004/240.41 miBelhaven Terrace, Glasgow, G123
£2,75005/240.41 miBelhaven Terrace, Glasgow3
£2,75004/240.41 miBelhaven Terrace, Glasgow, G123
£2,50001/250.42 mi-3
£1,99503/240.43 mi-3
£2,09504/250.43 mi-3
£1,80004/240.44 mi-3
£1,80003/250.44 mi-3
£2,25004/240.44 miAthole Gardens, Hillhead, Glasgow, G123
£2,10004/240.46 miStunning 3 Bed Licenced HMO @ Dowanhill St, G113
£2,10004/240.47 miFortrose Street, Glasgow, G11 5NU3
£2,13012/240.47 miFordyce Street, Glasgow, G113
£1,80004/240.49 miDumbarton Road, Glasgow3
£1,99504/250.49 mi-3
£1,99505/240.49 miDumbarton Road, Partick, Glasgow, G113
£1,75004/240.49 miDowanside Road, Dowanhill, Glasgow, G123

Local Area Statistics

 

 

Rental demand

Balanced market

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £409,000

October 17, 2024

Sold for £350,000

2012

Sold for £228,500

2002

Floor Plans

Description

##CLOSING DATE SET FOR WEDNESDAY 23RD OCTOBER AT 12.00PM ## Set within one of Hyndland’s most desirable streets, this spacious three-bedroom, elevated ground-floor flat is a rare find. Main door flats like this one seldom come to the market, offering a unique opportunity with its own private entrance, giving it the feel of a West End house rather than an apartment. This charming property benefits from a private south-westerly facing garden, perfect for enjoying afternoon and evening sunlight, adding to the appeal of its sought-after location. The flat retains a sense of privacy, with its private 'hedged' front garden. The accommodation, while in need of modernisation, offers a fantastic blank canvas for new owners to create their dream home. Inside, the layout includes a welcoming entrance vestibule with double storm doors, leading to a spacious reception hallway with ample storage. The bright, bay-windowed living room at the front of the property offers a spacious and inviting area for both relaxation and entertaining, while the large dining kitchen at the rear is complemented by a pantry and a convenient utility/storage cupboard located off the hallway. There are three generously sized double bedrooms, each offering flexibility for various layouts. A family bathroom completes the internal accommodation. The property also boasts a modern gas central heating system, ensuring warmth and efficiency. Original period features such as detailed cornice work add to the character of this beautiful home, which also has the advantage of well-maintained communal gardens to the rear. Parking is available on-street via permit, providing convenient access for residents. Falkland Street is ideally positioned for the many amenities of Hyndland and the wider West End, with easy access to Hyndland Road, Clarence Drive, and Byres Road. Excellent transport links, including nearby Hyndland Railway Station, provide quick access to Glasgow City Centre, the M8 motorway network, and Glasgow Airport. With its combination of charm, potential, and enviable location—along with the rare advantage of its own main door entrance—early viewing is highly recommended to fully appreciate what this exceptional property has to offer.

Agent Details

Yates Hellier, Glasgow

0141 248 8726

Next Steps?

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