3 Bed Flat, Single Let, Saltcoats, KA21 5PZ, £69,995

Cunninghame Road, Saltcoats, Ayrshire, KA21 5PZ - 6 months ago

BTL

ROI: 20%

~93 m²

+11 photos

ValuationOvervalued

Sold Prices	£20K - £212K

Square Metres	~93 m²
Value Estimate	£56,500£56,500

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,499£17,499
Stamp Duty & Legal Fees	£3,300£3,300
Total Cash In	£20,799£20,799

Cash Out
Rent Range	£575 - £895£575 - £895
Rent Estimate	£725
Running Costs/mo	£384£384
Cashflow/mo	£341£341
Cashflow/yr	£4,095£4,095
ROI	20%20%
Gross Yield	12%12%

Local Sold Prices

26 sold prices from £20K to £212K, average is £78.8K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£68.1K	10/21	0.19 mi	97, Canal Street, Saltcoats, Ayrshire KA21 5JB	-	-	3	Flat
£101K	11/21	0.23 mi	4, Gladstone Road, Saltcoats, Ayrshire KA21 5LD	-	-	3	Flat
£70K	03/21	0.31 mi	164, High Road, Saltcoats KA21 5QP	-	-	3	Flat
£70K	04/21	0.32 mi	14, Barnett Crescent, Saltcoats, Ayrshire KA21 5JP	-	-	3	Flat
£125.8K	07/21	0.43 mi	14, Cuninghame Drive, Stevenston, Ayrshire KA20 4AB	-	-	3	Flat
£69.5K	02/21	0.44 mi	21, Springvale Court, Saltcoats KA21 5LY	-	-	3	Flat
£212K	01/21	0.45 mi	17, Kennedy Road, Saltcoats, Ayr KA21 5SF	-	-	3	Flat
£135K	06/21	0.47 mi	83, Argyle Road, Saltcoats, Ayrshire KA21 5NE	-	-	3	Flat
£20K	05/21	0.49 mi	12a, Bradshaw Street, Saltcoats, Ayrshire KA21 5HR	-	-	3	Flat
£63K	09/21	0.53 mi	39, Adams Avenue, Saltcoats, Ayrshire KA21 6AN	-	-	3	Flat
£135K	10/21	0.68 mi	13, Eglinton Place, Saltcoats, Ayrshire KA21 5DQ	-	-	3	Flat
£122K	01/21	0.7 mi	11, Winton Street, Saltcoats, Ayr KA21 5BN	-	-	3	Flat
£65.5K	03/21	0.7 mi	22, West Park Court, Moorpark Road West, Stevenston, Ayrshire KA20 3JU	-	-	3	Flat
£65K	08/21	0.73 mi	38, Sidney Street, Saltcoats, Ayrshire KA21 5DD	-	-	3	Flat
£30K	12/21	0.73 mi	13, Grange Court, Stevenston, Ayrshire KA20 3DW	-	-	3	Flat
£60K	01/21	0.79 mi	8, Alexander Place, Stevenston, Ayr KA20 3AE	-	-	3	Flat
£87.5K	10/21	0.98 mi	17, South Crescent Road, Ardrossan, Ayrshire KA22 8EA	-	-	3	Flat
£206K	12/20	0.98 mi	21, South Crescent Road, Ardrossan, Ayrshire KA22 8EA	-	-	3	Flat
£155K	03/21	1.08 mi	13, South Crescent Road, Ardrossan, Ayrshire KA22 8DY	-	-	3	Flat
£53K	09/21	1.18 mi	5, Alexander Avenue, Stevenston, Ayrshire KA20 4BE	-	-	3	Flat
£40K	07/21	1.37 mi	2, Morrison Court, Stevenston, Ayrshire KA20 4JS	-	-	3	Flat
£185K	02/21	1.5 mi	17, Hawkhill Drive, Stevenston, Ayr KA20 3DF	-	-	3	Flat
£48.5K	01/21	1.55 mi	24a, Montgomerie Street, Ardrossan, Ayr KA22 8EQ	-	-	3	Flat
£107K	01/21	1.64 mi	80, Mariners View, Ardrossan, Ayr KA22 8BH	-	-	3	Flat
£125K	12/20	1.68 mi	12, Rozelle, North Crescent Road, Ardrossan, Ayrshire KA22 8LZ	-	-	3	Flat
£207K	03/21	1.99 mi	33, Ardneil Court, Ardrossan, Ayrshire KA22 7NQ	-	-	3	Flat

Local Rents

15 rents from £575/mo to £895/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£575	07/24	0.52 mi	Harbour Street, Saltcoats, Ayrshire, KA21	3	Flat
£680	10/24	0.59 mi	-	3	Terraced House
£680	08/24	0.59 mi	Ailsa Drive, Stevenston, KA20	3	Terraced House
£680	09/24	0.59 mi	Ailsa Drive, Stevenston, KA20	3	Terraced House
£795	04/24	0.63 mi	Saughtree Avenue, Saltcoats, KA21	3	Terraced House
£695	07/24	0.77 mi	Ashdale Avenue, Saltcoats	3	Semi-Detached House
£895	08/24	0.79 mi	Davaar Road, Saltcoats, KA21 6HB	3	Semi-Detached House
£750	09/23	0.81 mi	-	3	Semi-Detached House
£750	09/23	0.81 mi	-	3	Semi-Detached House
£750	06/24	0.84 mi	56 Corrie Crescent, Saltcoats, KA21 6JN	3	Terraced House
£600	04/24	0.87 mi	Ellisland Place, Saltcoats, Ayrshire, KA21	3	Semi-Detached House
£650	04/24	0.89 mi	Corrie Crescent, Saltcoats	3	Semi-Detached House
£850	10/24	0.89 mi	-	3	Semi-Detached House
£850	10/24	0.89 mi	-	3	Semi-Detached House
£850	04/24	0.91 mi	Carey Road, Saltcoats, Ayrshire, KA21	3	Terraced House

Local Area Statistics

Population in Saltcoats	12,77512,775
Town centre distance	0.46 miles away0.46 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.42 miles away0.42 miles away

Rental growth (12m)	-14%-14%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+50%+50%

Property History

Listed for £69,995

October 30, 2024

Description

RARELY AVAILABLE +
THREE BEDROOMS +
HIGH END FINSIH +
CLOSE TO BEACH AND SHOPS +
BUY - TO - LET +

The accommodation comprises on the upper floor a welcoming entrance hallway with storage, a lounge which has been finished with dark wooden laminate, a beautiful modern kitchen with integrated appliances, a five-ring gas hob, and fan oven. There are three generous-sized bedrooms and a beautiful modern fitted family bathroom with shower.

This property offers a fantastic opportunity for those looking to downsize, first-time buyers or investors alike with a rental income of £725 pcm.

Saltcoats offers a range of local amenities including schools at primary and secondary levels, Saltcoats leisure centre, train stations, bus routes, supermarkets, and a variety of local shops.

Lounge: 3'59 x 4'59
Kitchen: 2'36 x 4'62
Bedroom 1: 2'36 x 4'53
Bedroom 2: 2'99 x 3'
Bathroom 3: 3'12 x 3'37
Bathroom: 1.82 x 1.57

Agent Details

MacKenzie Way, Ayrshire

01294 442335

Next Steps?

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

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