2 Bed Terraced House, Refurb/BRRR, Glasgow, G42 9XB, £160,000

11 Muirend Road, Glasgow G44 3QR - 3 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+20 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£26,512

Bridging Loan Interest

£4,200

Total Cash In

£78,462

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£160,000

Mortgage (After Refinance)

£120,000

Mortgage LTV

75%

Cash Left In

£78,462

Equity

£40,000

Rent Range

£750 - £1,700

Rent Estimate

£1,060

Running Costs/mo

£732

Cashflow/mo

£328

Cashflow/yr

£3,936

ROI

5%

Gross Yield

8%













Local Rents

50 rents from £750/mo to £1.7K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£85004/240.13 miCumming Drive, Glasgow, G422
£1,09504/240.16 miCumming Drive, Mount Florida2
£1,10004/240.17 miSomerville Drive, Mount Florida, G42 9BJ2
£1,20004/240.17 miSomerville Drive, Mount Florida, Glasgow G42 9BJ2
£95001/250.19 mi-2
£1,55002/250.25 mi-2
£1,29502/250.25 mi-2
£99501/250.28 mi-2
£1,05004/240.28 miEskdale Street, Glasgow, G422
£92504/240.28 miEskdale Street, Glasgow, G422
£89512/240.29 mi-2
£1,19502/250.31 mi-2
£95002/250.31 mi-2
£1,25004/240.32 miAlbert Road, Flat 0/1, Crosshill, Glasgow, G42 8DR2
£1,25004/240.32 miAlbert Road, Flat 0/1, Crosshill, Glasgow, G42 8DR2
£1,00005/240.33 mi-2
£89504/240.34 miAitkenhead Road, Croftfoot, Glasgow, G442
£1,30004/240.35 miCathkinview Road, Mount Florida, G42 9EL2
£1,00004/240.35 mi59 Boyd Street, Crosshill, Glasgow, G42 8AG2
£75010/230.37 mi-2
£85004/240.38 miBoyd Street, Govanhill2
£79512/240.4 mi-2
£79501/250.4 mi-2
£1,55010/230.4 mi-2
£79501/250.41 mi-2
£79502/250.41 mi-2
£1,05003/250.44 mi-2
£1,70010/230.44 mi-2
£82504/240.46 miHolmlea Road, Battlefield, Glasgow, G442
£92504/240.46 miHolmlea Road, Glasgow, G44 4BL2
£1,09504/240.49 miBrisbane Street, Shawlands2
£95002/250.49 mi-2
£99505/240.49 mi-2
£80010/230.51 mi-2
£95005/240.51 mi5 Morley Street, Battlefield, G42 9JA2
£97505/240.52 miLochleven Road, Battlefield, Glasgow, G422
£1,10004/240.52 miMorley Street, Battlefield, Glasgow, G422
£95001/250.52 mi-2
£1,20012/240.53 mi-2
£1,10004/240.53 mi-2
£1,25004/240.53 mi-2
£90005/240.53 miKings Park Road, Glasgow, G44 4SX2
£90004/240.54 mi61, Dixon Avenue Govanhill, Glasgow, G42 8EN2
£1,19503/240.54 mi-2
£1,19504/240.54 mi-2
£1,15004/240.54 miAnnette Street, Crosshill, Glasgow, G422
£79504/240.55 miKerrycroy Street, Toryglen, G42 0BD2
£90002/250.55 mi-2
£1,00005/240.55 miBattlefield Gardens, Battlefield, Glasgow, G422
£92504/240.55 miKingspark, Kingspark Road, G44 4SX - Unfurnished2

Local Area Statistics

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+88%

Property History

Listed for £160,000

November 5, 2024

Sold for £112,300

2011

Floor Plans

Description

  • Two Bedrooms +
  • Mid Terrace House +
  • Great Location +
  • Double Glazing +
  • Nearby Transport Links +
  • Private Garden +
  • Gas Central Heating +
  • Converted Loft +

Shanta Residential present to the market this great two bedroom, mid terrace, house in the popular area of Mount Florida. With some degree of modernisation required this flat is a great opportunity to buy a great home and really make it your own or as an investment. Found from the hallway, the spacious living room boasts large windows letting the natural light flood in. The kitchen has been well laid out with both wall and floor units offering great storage and working space. The kitchen provides access to the private back garden. Upstairs the property offers two spacious double rooms, the master of which features built in storage. The loft has also been converted creating extra storage space. The family size bathroom features three piece suite and tiling. The well maintained, private garden to the front offers a great space, ideal for sitting out and enjoying the sun. Prospecthill Road is situated within walking distance of an impressive number of local amenities and transport links. These include independent shops eateries and local businesses. It is just 9 minutes' walk from Mount Florida train station. Hampden Park, often used for concerts as well as major sporting events is just 5 minutes away. Situated a mere 3.4 miles from Glasgow City Centre, this property is in a great spot for an easy commute into the city centre. For Council tax purposes this property is band C. With its great location, walk in condition, gas central heating and gorgeous features we expect this property to be popular and would advise early viewing.

Agent Details

Shanta Residential, Glasgow

0141 255 2828

Next Steps?

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