4 Bed Detached House, Cash/Bridging Only, Glasgow, G33 6QA, £370,000

Gateside Road, Stepps, G33 6QA - 4 views - 5 months ago

Sold STC
Cash
Negative Equity
~129 m²
+22 photos

ValuationOvervalued

Sold Prices£130K - £580.3K

 

 

Square Metres

~129.26 m²

Value Estimate

£340,250

 

 

End Value (After Refurb)

£369,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£92,500

Stamp Duty & Legal Fees

£19,500

Refurb Costs

£50,400

Bridging Loan Interest

£9,713

Total Cash In

£173,863

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£369,000

Mortgage (After Refinance)

£276,750

Mortgage LTV

75%

Cash Left In

£173,863

Equity

£92,250

Rent Range

£575 - £2,750

Rent Estimate

£1,031

Running Costs/mo

£1,379

Cashflow/mo

£-348

Cashflow/yr

£-4,180

Gross Yield

3%

Local Sold Prices

21 sold prices from £130K to £580.3K, average is £291.8K.

PriceDateDistanceAddressBeds 
£280.3K11/210.5 mi29, Kirkwood Avenue, Stepps, Glasgow G33 6GD4
£290K02/210.65 mi4, Honeywell Avenue, Stepps, Glasgow G33 6HS4
£291.2K11/210.85 mi31, Ballaig Crescent, Stepps, Glasgow G33 6NR4
£281K10/211.01 mi58, Belhaven Park, Muirhead, Glasgow G69 9FB4
£310K09/211.06 mi16, Lochearnhead Road, Glasgow G33 6LH4
£150K04/211.13 mi8, Friarscourt Road, Chryston, Glasgow G69 9NN4
£130K09/211.34 mi179, Tillycairn Road, Glasgow G33 5HE4
£302.5K04/211.37 mi14, Heatherbank Avenue, Glasgow G69 8EQ4
£220.5K05/211.45 mi14, Craigievar Street, Glasgow G33 5DL4
£412.8K09/211.69 mi24, Netherhouse Avenue, Lenzie, Glasgow G66 5NG4
£316K06/211.69 mi56, Netherhouse Avenue, Lenzie, Glasgow G66 5NG4
£268K04/211.69 mi6, Avenue End Gate, Glasgow G33 3UJ4
£580.3K02/241.79 mi1, Glenbank Road, Kirkintilloch, Glasgow G66 5AG4
£220K08/211.84 mi60, Scalloway Road, Gartcosh, Glasgow G69 8LH4
£372.5K11/211.84 mi110, Scalloway Road, Gartcosh, Glasgow G69 8LH4
£291.8K11/211.92 mi213, Lochend Road, Gartcosh, Glasgow G69 8BE4
£360K04/241.94 mi60, Cortmalaw Crescent, Glasgow G33 1TB4
£278K04/211.94 mi62, Cortmalaw Crescent, Glasgow G33 1TB4
£348.5K03/211.95 mi7, Foxes Grove, Kirkintilloch, Glasgow, Dunbartonshire G66 5BN4
£332K02/241.95 mi28, Foxes Grove, Kirkintilloch, Glasgow, Dunbartonshire G66 5BN4
£300K04/241.96 mi7, Craigenbay Crescent, Kirkintilloch, Glasgow, Dunbartonshire G66 5JW4

Local Rents

51 rents from £575/mo to £2.8K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£1,09509/230.22 mi-2
£1,55010/240.44 mi-3
£1,55008/230.46 mi-3
£1,00004/240.5 miNicolson Court, Stepps, Glasgow, G332
£85012/240.52 mi-1
£99504/240.55 miDorlin Road, Stepps, Glasgow, G332
£1,95011/240.66 mi-4
£1,95009/240.66 mi-4
£2,75012/240.72 miHoneywell Drive, Stepps, Glasgow6
£87510/230.74 mi-2
£97509/240.74 mi-2
£60009/231.01 mi-1
£65011/241.01 mi-1
£72506/241.04 mi-2
£85012/241.16 miDunalastair Drive, Millerston, Glasgow, G332
£65012/241.23 mi138 Dunalastair Drive, Glasgow, G33 6NU1
£90010/231.3 mi-2
£99503/251.34 mi-2
£79512/241.37 mi-2
£85009/241.38 mi-2
£75004/241.39 miRiggside Road, Craigend2
£75004/241.39 miRiggside Road, Craigend2
£69512/241.39 miRiggside Road, Craigend2
£62509/231.39 mi-1
£1,87503/251.4 mi-4
£1,80004/241.44 mi-3
£69907/231.44 mi-1
£1,40004/241.45 miCroftcroighn Drive, Glasgow3
£1,15012/241.47 miMillbrae Avenue, Chryston, G693
£57504/241.48 miPorchester Street,Glasgow,G332
£89502/241.49 mi-2
£89511/241.49 mi-2
£1,75012/241.54 miAnne Crescent, Lenzie, Glasgow3
£82510/231.54 mi-2
£1,40004/241.56 miFindochty Street, Garthamlock3
£1,25012/241.56 miFindochty Street, Garthamlock3
£85007/241.58 mi-2
£85012/241.58 mi-2
£1,67512/241.58 mi-3
£87512/241.59 mi-2
£87512/241.59 mi-2
£87511/241.6 mi-2
£1,35002/251.67 mi-3
£65004/241.68 miGartloch Road, Garthamlock, Glasgow, G331
£95012/241.71 mi-2
£80011/241.71 mi-2
£89509/241.75 mi-2
£1,39512/241.75 miAuchinloch Road, Lenzie4
£79512/241.75 miHaystack Place, Lenzie2
£72504/241.75 miHaystack Place, Lenzie1
£1,19511/241.78 mi-3

Local Area Statistics

 

 

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Price changed to £370,000

January 8, 2025

Listed for £385,000

-62%

November 19, 2024

Sold for £624,995

2023

Floor Plans

Description

  • All 1's on the Home report +
  • Approximately 8 years NHBC remaining +
  • Contemporary decor throughout +
  • Upgraded finishes +
  • Family bathroom, 2 en-suites and downstairs WC +
  • Excellent commuter links +
  • Located in the desirable Earls Rise development within Stepps +
  • Close to many local amenities, sporting facilities and restaurants +

This exquisite 4-bedroom home by Cala offers the perfect blend of sleek contemporary design and welcoming warmth, ideal for modern family living. Situated in a peaceful development, Earls Rise in Stepps, surrounded by greenspace and the enchanting Bluebell Dell wildflower woodland, this home provides a tranquil retreat with excellent commuter links. The ground floor is designed for seamless flow and practicality. A wide entrance hall welcomes you, leading to a cloakroom with a large storage cupboard, pre-plumbed to accommodate a shower if desired. The spacious dining lounge is bathed in natural light, creating the perfect space for entertaining or relaxing. Adjacent is the kitchen and utility room, which exudes sophistication with charcoal grey and wood-tone cabinetry, Desert Silver Silestone worktops, and designer integrated appliances, including an induction hob, built-in oven, combi microwave, fridge-freezer, and dishwasher. The addition of a stylish wine fridge adds a touch of sophistication, ensuring your favourite bottles are perfectly stored and always ready to enjoy. The utility room has been enhanced with upgraded cabinets, providing dedicated pantry storage and a convenient, organised space for all laundry essentials. Additionally, both the kitchen and utility room cabinets now feature upgraded handles, adding to the sleek and functional design. From the utility room, step directly into the landscaped garden, complete with a paved patio—ideal for alfresco dining—and a convenient external tap. On the first floor, three generously sized bedrooms, all with fitted wardrobes, provide ample storage. The principal bedroom on this level benefits from a sleek en suite, while the family bathroom is finished to the highest standard, featuring full-height Porcelanosa tiling, a thermostatic shower over the bath, and chrome towel warmers. The top floor is a luxurious retreat, dedicated to the expansive main bedroom. With its own private entrance hall, fitted wardrobes, and a stylish en suite featuring premium Laufen designer sanitaryware and a glass shower enclosure, this space combines elegance and privacy. Throughout the home, thoughtful design elevates the living experience. Higher ceilings create a bright and airy atmosphere, while bi-fold doors from the lounge extend seamlessly to the garden, inviting the outdoors in. Energy-efficient features, including solar panels and PVCu double-glazed windows, ensure low-maintenance, sustainable living without compromising comfort. The exterior of the home is equally impressive, with a mono-block driveway, a turfed front garden, and an EV charging point, making this property perfect for eco-conscious buyers. Blending modern sophistication with homely charm, this exceptional property in Stepps offers the perfect balance of style, comfort, and practicality—all within a peaceful setting that celebrates nature. Don’t miss the chance to make this house your dream home. Wrights of Campsie offer a complimentary selling advice meeting, including a valuation of your home. Contact us to arrange. Services include, fully accompanied viewings, bespoke marketing such as home styling, lifestyle images, professional photography and poetic description. LOCATION SAT NAV REF G33 6QA. What 3 words: ///judges.horns.chins This property is ideally situated just off Cumbernauld Road in Stepps. Many local convenience stores can be found near by with more extensive shopping being found at the Robroyston shopping complex and Glasgow Fort only 7 miles away. Moreover, superb road links in close proximity ensure easy access to both Glasgow City Centre and the Central Belt motorway network within half a mile of the property. Nearby transport facilities include bus and rail links which facilitates commuting to Stirling, Edinburgh and Glasgow city centre which has a host of bars, restaurants, cinemas theatres, universities, hospitals, etc. There is schooling both at primary and secondary levels available. Easy access to Hogganfield Loch can be found via Cumbernauld Road. Proof and source of Funds/Anti Money Laundering Under the HMRC Anti Money Laundering legislation all offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds. This may include evidence of bank statements/funding source, mortgage, or confirmation from a solicitor the purchaser has the funds to conclude the transaction.

All individuals involved in the transaction are required to produce proof of identity and proof of address. This is acceptable either as original or certified documents.

EPC Rating: A

Agent Details

Wrights, Glasgow

0141 673 1558

Next Steps?

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