2 Bed Bungalow, Refurb/BRRR, Dunoon, PA23 7SF, £120,000

Arran Park, Innellan, Argyll and Bute, PA23 7SF - 5 months ago

Refurb/BRRR
ROI: 20%
~68 m²
+21 photos

ValuationOvervalued

Sold Prices£115K - £265K

 

 

Square Metres

~68.11 m²

Value Estimate

£97,750

 

 

End Value (After Refurb)

£124,375

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£26,658

Bridging Loan Interest

£3,150

Total Cash In

£68,758

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£124,375

Mortgage (After Refinance)

£93,281

Mortgage LTV

75%

Cash Released

£3,281

Cash Left In

£65,477

Equity

£31,094

Rent Range

£1,950 - £1,950

Rent Estimate

£1,950

Running Costs/mo

£799

Cashflow/mo

£1,151

Cashflow/yr

£13,816

ROI

20%

Gross Yield

20%

Local Sold Prices

2 sold prices from £115K to £265K, average is £190K.

PriceDateDistanceAddressBeds 
£115K04/210.44 mi7, Miller Avenue, Innellan, Dunoon, Argyll PA23 7SU2
£265K11/202.87 mi15, Undercliff Road, Wemyss Bay, Renfrewshire PA18 6AJ2

Local Rents

2 rents from £1.9K/mo to £1.9K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,95007/241.39 miShorehouse, Toward, Dunoon, PA234
£1,95008/241.39 mi-4

Local Area Statistics

Population in Dunoon

12,620

Town centre distance

5.12 miles away

Nearest school

0.80 miles away

Nearest train station

3.20 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+47%

Property History

Listed for £120,000

November 5, 2024

Floor Plans

Description

  • Semi Detached Bungalow +
  • Two Double Bedrooms +
  • Front and Back Gardens +
  • Large Sitting / Dining Room +
  • Sought After Location +
  • Perfect ‘Forever Home’ +

Two bed detached bungalow in a quiet, and sought after, cul-de-sac in the coastal village of Innellan, on the outskirts of Dunoon. 5 Arran Park benefits by a spacious, and front facing, sitting / dining room, kitchen, two double bedrooms, both of which look out to the back garden, and a shower room. Externally, front, side and generous back gardens further enhance the property as does the gas central heating, and good storage. Although in need of some internal modernisation, this would make an ideal forever home and will definitely generate a lot of interest so early viewing is highly recommended. The village of Innellan is approximately 5 miles from Dunoon and boasts a local shop / post office, pub / restaurant, many sports clubs including golf, tennis and bowling, an excellent primary school, church and village hall. Dunoon, Cowal’s capital town, boasts two supermarkets, local shops and hairdressers aplenty, several cafes, restaurants and take-aways, offering a range to suit all tastes and budgets, plenty of pubs, two leisure centres, numerous golf, bowling, tennis and sailing clubs, a two-screen cinema, a local museum and a concert venue. There are also ample schools, churches, medical surgeries, dentists, a hospital and a veterinary practice. In addition, there are two ferry links to Gourock with rail and coach links meaning that Glasgow city centre is little more than an hour away, with Glasgow International Airport, Braehead Shopping Centre and Greenock even closer. Accommodation
Sitting / Dining Room, Kitchen, Two Double Bedrooms and Shower Room Gardens and Driveway
5 Arran Park benefits by a neat front garden laid to lawn and a fully enclosed back garden which has lawn, shrubbery, a greenhouse and trees on the other side of the fence. A driveway to the side of the house is spacious enough for two cars. Dimensions
Sitting Room 6.15m x 4.95m / 20’3” x 16’3”
Kitchen 3.95m x 2.80m / 13’0” x 9’3”
Bedroom 1 4.25m x 4.25m / 14’0” x 14’0”
Bedroom 2 3.45m x 3.25m / 11’4” x 10’8”
Shower Room 2.00m x 1.80m / 6’7” x 5’11” Services
Mains Water
Mains Drainage
Gas Central Heating
Note: The services, white goods and electrical appliances have not been checked by the selling agents. Council Tax
5 Arran Park is in Council Tax Band C. Home Report
A copy of the Home Report is available by contacting Waterside Property Ltd. Viewings
Strictly by appointment with Waterside Property Ltd. Offers
Offers are to be submitted in Scottish legal terms to Waterside Property Ltd. EPC rating: C. Tenure: Freehold,

Agent Details

Waterside Property, Dunoon

01369 800329

Next Steps?

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