3 Bed Flat, Refurb/BRRR, Glasgow, G51 4NA, £80,000

Cromdale Street, Glasgow, City of Glasgow, G51 4NA - 3 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 11%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£70K - £204K

 

 

Square Metres

~93 m²

Value Estimate

£80,750

 

 

End Value (After Refurb)

£75,188

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Refurb Costs

£36,200

Bridging Loan Interest

£2,100

Total Cash In

£63,650

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£75,188

Mortgage (After Refinance)

£56,391

Mortgage LTV

75%

Cash Left In

£63,650

Equity

£18,797

Rent Range

£845 - £1,250

Rent Estimate

£1,038

Running Costs/mo

£463

Cashflow/mo

£575

Cashflow/yr

£6,905

ROI

11%

Gross Yield

16%

Local Sold Prices

21 sold prices from £70K to £204K, average is £101K.

PriceDateDistanceAddressBeds 
£119K12/210.22 mi15, Drumoyne Place, Glasgow G51 4DQ3
£81.5K02/210.31 mi51, Greengairs Avenue, Glasgow, Gla G51 4LH3
£70K08/210.36 mi57, Kilmaurs Street, Glasgow G51 4UB3
£97K02/210.6 mi98, Ladykirk Drive, Glasgow, Gla G52 2NY3
£99K11/210.67 mi72, Belses Drive, Glasgow G52 2DJ3
£120.3K08/210.69 mi165, Kingsland Drive, Glasgow G52 2NQ3
£145K12/210.72 mi25, Moness Drive, Glasgow, Gla G52 1HB3
£157.3K03/210.72 mi55, Moness Drive, Glasgow G52 1ER3
£204K10/210.75 mi25, Corkerhill Road, Glasgow G52 1SG3
£101K08/210.79 mi28, Chirnside Road, Glasgow G52 2LL3
£78K02/210.79 mi44, Chirnside Road, Glasgow G52 2LL3
£110K11/210.8 mi169, Redpath Drive, Glasgow G52 2ER3
£122K10/210.88 mi69, Reston Drive, Glasgow G52 2LP3
£85K02/210.91 mi27, Bucklaw Terrace, Glasgow G52 3BP3
£80K02/210.93 mi32, Hartlaw Crescent, Glasgow, Gla G52 2JJ3
£102K04/210.93 mi46, Bucklaw Terrace, Glasgow G52 3BW3
£95K04/210.97 mi36, Renshaw Drive, Glasgow G52 2JN3
£100K11/210.99 mi95, Tarfside Avenue, Glasgow G52 3BH3
£92K06/210.99 mi49, Innerwick Drive, Glasgow G52 2HY3
£103.2K06/210.99 mi103, Kirriemuir Avenue, Glasgow G52 3DP3
£125K02/240.99 mi111, Kirriemuir Avenue, Glasgow G52 3DP3

Local Rents

10 rents from £845/mo to £1.3K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£95005/240.14 miMurroes Road, Linthouse, Glasgow, G513
£1,00004/240.29 mi133 Nimmo Drive, Glasgow, Lanarkshire, G513
£1,15004/240.37 miSkipness Drive, Glasgow3
£99505/240.4 mi-3
£1,15004/240.4 miCraigton Road, Glasgow, G513
£1,15004/240.4 miCraigton Road, Glasgow, G513
£99504/240.4 miCraigton Road, Glasgow, G513
£89511/240.46 mi-3
£84512/240.46 mi-3
£1,25004/240.54 mi6 Morar Road, Glasgow3

Local Area Statistics

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+93%

Property History

Listed for £80,000

October 23, 2024

Floor Plans

Description

  • upper cottage flat +
  • 3 double bedrooms +
  • reception room +
  • fitted kitchen +
  • 3-piece bathroom +
  • GCH/DG +
  • private garden space +
  • sought-after locale +
  • close to shops and amenities +

XXXX CLOSING DATE SET FOR THURSDAY 31ST OCTOBER AT 12 NOON XXXX

(Offers to be submitted in writing via solicitor).

Spacious 3-bedroom upper cottage flat, located in the desirable locale of Shieldhall on the Southside of Glasgow.

Will require a degree of modernisation, as reflected in the asking price.

Early viewings are advised. Home Report supplied upon request.

The property comprises carpeted stairway leading to upper landing with all apartments off; including large reception room forming to the front; fitted kitchen; three well-proportioned double bedrooms to the rear; and 3-piece bathroom with bathtub, wash-hand basin and W.C.

Further internal benefits include gas-central heating, double glazing and ample storage space.

Externally, the property offers front and rear private garden space, and communal drying green.

EPC Band – D Council Tax Band - C

Cromdale Street is conveniently located for a variety shops and amenities, including supermarkets, schools, Braehead Shopping Centre and Queen Elizabeth University Hospital.

There are nearby public transport services including bus links on Shieldhall Road that provide access to Glasgow City Centre, Braehead Shopping Centre and Glasgow’s West End.

For the commuter, the M8 and Clyde Tunnel are a short drive, allowing access to the City Centre and Glasgow Airport.

Mortgage Finance

Scottish Property Centre has an alliance with SPC Finance, a brokerage with a bespoke approach to funding. Through their relationships with retail, commercial and private banks they can assist with securing a mortgage to suit your circumstances. For further information contact our Glasgow office, on .

Agent Details

Scottish Property Centre, Glasgow

0141 673 7846

Next Steps?

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

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