3 Bed Terraced House, Refurb/BRRR, Glasgow, G74 2AJ, £135,000

Glen Carron, St Leonards, East Kilbride, G74 2AJ - 6 views - 5 months ago

Under Offer
Refurb/BRRR
ROI: 5%
~93 m²
+6 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£36,345

Bridging Loan Interest

£3,544

Total Cash In

£80,639

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,000

Mortgage (After Refinance)

£101,250

Mortgage LTV

75%

Cash Left In

£80,639

Equity

£33,750

Rent Range

£695 - £1,200

Rent Estimate

£984

Running Costs/mo

£639

Cashflow/mo

£345

Cashflow/yr

£4,144

ROI

5%

Gross Yield

9%













Local Rents

10 rents from £695/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£90003/240.1 mi-3
£90002/250.1 mi-3
£70004/240.12 miLoch Assynt, East Kilbride, South Lanarkshire, G743
£69504/240.14 miLoch Assynt, East Kilbride, South Lanarkshire, G743
£85011/230.25 mi-3
£92504/240.36 miGlen Doll, Glasgow, G743
£90004/240.47 miAngus Avenue, East Kilbride, South Lanarkshire, G743
£1,20010/240.57 mi-3
£1,20001/250.57 mi-3
£1,20005/240.57 miColonsay, East Kilbride, Glasgow, G743

Local Area Statistics

 

 

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+3%

Property History

Listed for £135,000

October 30, 2024

Floor Plans

Description

  • Requiring modernisation +
  • Lock up garage +
  • Ample parking to rear +
  • Electric heating +
  • UPVC double-glazing +
  • Shower room with electric shower +
  • Regular bus services +
  • Close to high regarded primary and secondary schools +
  • Convenient for Town Centre, Village & Kingsgate Retail Park +

This three-bedroom mid terraced villa although requiring modernisation, has a lock up garage to rear and in an area very popular with families.

It comprises on the ground level of the hallway with ample storage, spacious lounge, and dining kitchen overlooking the rear garden.

The upper level comprises of three well-proportioned bedrooms with ample storage, shower room with electric shower and fixed glass screen, and the loft can be accessed from the upper landing.

The front garden is laid to lawn. The rear garden is laid to lawn with a timber decked patio, it is surrounded by timber perimeter fencing with gate leading to the garage and parking area.

The council tax band is C
Location
The property is within St Leonards convenient for Blacklaw and St Hilary's Primary Schools, and Calderglen and St Andrew's and St Bride's High Schools. East Kilbride Town Centre, Village, Kingsgate Retail Park, and sports and recreational facilities are easily accessible from the area. The town also offers bus and rail services connecting to Glasgow City Centre and other destinations in and around the central belt.

Agent Details

Joyce Heeps Homes, East Kilbride

01355 201330

Next Steps?

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