2 Bed Flat, Single Let, Alloa, FK10 4LR, £65,000

Paradise Lane, Alloa, Kincardine, FK10 4LR - 2 views - 5 months ago

BTL
ROI: 17%
~68 m²
+1 photos

ValuationFair Value

Sold Prices£60K - £192.1K

 

 

Square Metres

~68.11 m²

Value Estimate

£64,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Total Cash In

£19,400

 

 

Cash Out

 

Rent Range

£795 - £3,990

Rent Estimate

£625

Running Costs/mo

£348

Cashflow/mo

£277

Cashflow/yr

£3,323

ROI

17%

Gross Yield

12%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£118K02/210.07 mi34, Keith Street, Kincardine, Alloa, Ffe FK10 4NB2
£62K03/210.45 mi28, Priory Square, Kincardine, Alloa, Fife FK10 4PF2
£192.1K03/211.79 mi21, Banks View, Airth, Falkirk, Stirlingshire FK2 8PZ2
£120K10/212.21 mi14, Kennet Village, Alloa, Clackmannanshire FK10 4DP2
£70K10/212.81 mi4, Craigrie Terrace, Clackmannan, Clackmannanshire FK10 4ER2
£100K11/212.87 mi8a, Hetherington Drive, Clackmannan, Clackmannanshire FK10 4HQ2
£60K10/212.95 mi8, Manse Terrace, Clackmannan FK10 4JZ2

Local Rents

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

RentDateDistanceAddressBeds 
£3,99002/250.1 mi-3
£79504/240.1 miMercer Street, Kincardine, Alloa2
£3,60002/250.25 mi-2
£2,00003/241.22 miWindyhill Farm Tulliallan, Alloa6
£1,80004/241.22 miWindyhill Farm Tulliallan, Alloa6
£1,05004/241.9 miHigh Street, Airth, Falkirk, FK23

Local Area Statistics

 

 

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £65,000

October 25, 2024

Sold for £26,000

2018

Sold for £20,000

2018

Sold for £34,000

2007

Description

  • BUY-TO-LET INVESTMENT OPPORTUNITY +
  • DAY ONE INCOME +
  • CURRENTLY TENANTED AT £625PCM (MARKET RENT) +
  • SETTLED TENANT +
  • HIGH RENTAL DEMAND +
  • 12.5% YIELD +
  • FULL RENTAL HISTORY +
  • £7,500 PER ANNUM IN INCOME +
  • SHORT WALK TO LOCAL AMENITIES +
  • LOVELY LOCAL AREA +

Smart Sales & Investments are delighted to present this exceptional two bedroom flat in the highly desirable area of Kincardine. This property offers an outstanding investment opportunity, and we invite you to explore our comprehensive Smart Investment Pack below, for detailed insights on maximising your potential return. The property features a spacious lounge, a well-equipped kitchen, a generously-sized family bathroom, and two comfortable double bedrooms. Local residents also benefit from traditional architecture, giving it a cozy, village-like feel.  With a sitting tenant already in place at market rent, this flat provides an immediate income stream from the moment of purchase. Investment Highlights:

  • Projected Annual Income: £6,500 (£625pcm)
  • Impressive Yield: 12.5% yield, significantly higher than the average in the area.
  • **Great Location: **Situated in a gorgeous, village-like area, sure to appeal to a wide audience of tenants.
  • Day One Income: Benefit from full market rent from date of purchase, with a settled tenant and fully rental history.  Currently generating solid returns in a high rental demand area! Don’t miss out on securing this lucrative investment! Smart Sales & Investments are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. EPC rating: D.

Agent Details

Smart Sales & Investments, Glasgow

0141 673 0463

Next Steps?

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