3 Bed Terraced House, Refurb/BRRR, Glasgow, G14 9EA, £295,000

121 Earlbank Avenue, Scotstoun, G14 9EA, Glasgow - 6 views - 5 months ago

Under Offer
Refurb/BRRR
ROI: 8%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£140K - £576.8K

 

 

Square Metres

~93 m²

Value Estimate

£253,250

 

 

End Value (After Refurb)

£86,938

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£12,300

Refurb Costs

£36,400

Bridging Loan Interest

£7,744

Total Cash In

£131,944

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£86,938

Mortgage (After Refinance)

£65,203

Mortgage LTV

75%

Cash Left In

£131,944

Equity

£21,734

Rent Range

£950 - £2,750

Rent Estimate

£1,413

Running Costs/mo

£574

Cashflow/mo

£839

Cashflow/yr

£10,065

ROI

8%

Gross Yield

6%

Local Sold Prices

43 sold prices from £140K to £576.8K, average is £392K.

PriceDateDistanceAddressBeds 
£310K04/210.02 mi133, Earlbank Avenue, Glasgow G14 9EA3
£476.4K09/210.04 mi25, Verona Avenue, Glasgow G14 9EB3
£425K05/210.05 mi113, Earlbank Avenue, Glasgow G14 9DY3
£310K10/210.07 mi62, Queen Victoria Drive, Glasgow G14 9DJ3
£329K09/210.08 mi1440, Dumbarton Road, Glasgow G14 9DP3
£475K06/210.12 mi40, Verona Avenue, Glasgow G14 9EP3
£462.5K06/210.13 mi92, Norse Road, Glasgow G14 9EF3
£390.1K07/210.13 mi86, Norse Road, Glasgow G14 9EF3
£431K02/210.15 mi105, Danes Drive, Glasgow G14 9EW3
£382.7K03/210.15 mi12, Ormiston Avenue, Glasgow G14 9EZ3
£350.1K04/210.16 mi130, Danes Drive, Glasgow G14 9BH3
£449K10/210.16 mi49, Earlbank Avenue, Glasgow G14 9HA3
£444K07/210.18 mi66, Norse Road, Glasgow G14 9HT3
£495.5K06/210.21 mi35, Duncan Avenue, Glasgow G14 9HS3
£477.5K07/210.22 mi38, Duncan Avenue, Glasgow G14 9HS3
£408.8K11/210.22 mi59, Danes Drive, Glasgow G14 9HX3
£388.9K02/210.22 mi67, Danes Drive, Glasgow, Gla G14 9HX3
£250K03/210.23 mi3, Northland Avenue, Glasgow G14 9BN3
£347K04/210.24 mi13, Vancouver Road, Glasgow G14 9HJ3
£477.2K08/210.25 mi11, Vancouver Road, Glasgow G14 9HJ3
£433.1K05/210.28 mi39, Danes Drive, Glasgow G14 9HY3
£213.3K02/210.29 mi6, Danes Crescent, Glasgow G14 9AG3
£445K11/210.3 mi18, Lennox Avenue, Glasgow G14 9HG3
£420K02/210.33 mi77, Lennox Avenue, Glasgow, Gla G14 9HQ3
£305.8K10/210.45 mi22, Westland Drive, Glasgow G14 9NT3
£140K01/210.46 mi9, Ardsloy Place, Glasgow G14 0XH3
£448.3K07/210.48 mi64, Westland Drive, Glasgow G14 9PE3
£178K11/210.53 mi119, Kintillo Drive, Glasgow G13 3RW3
£468.3K12/210.53 mi81, Victoria Park Drive North, Glasgow G14 9PJ3
£260K02/210.54 mi169, Jordanhill Drive, Glasgow, Gla G13 1UQ3
£300K01/210.69 mi68, Mitre Road, Glasgow, Gla G14 9LL3
£275.2K02/210.7 mi176, Westland Drive, Glasgow, Gla G14 9JL3
£365K12/210.72 mi183, Westland Drive, Glasgow G14 9JQ3
£425K07/210.74 mi40, Victoria Park Drive North, Glasgow G14 9NL3
£483.1K12/210.75 mi66, Chamberlain Road, Glasgow G13 1SN3
£544.9K12/210.76 mi12, Eastcote Avenue, Glasgow G14 9JT3
£246.5K10/210.79 mi28, Craggan Drive, Glasgow G14 0EW3
£262.3K07/210.79 mi16, Craggan Drive, Glasgow G14 0EW3
£165K12/210.83 mi68, Holehouse Drive, Glasgow G13 3AR3
£576.8K10/210.86 mi98, Munro Road, Glasgow G13 1SG3
£273.5K10/210.94 mi89, Holehouse Drive, Glasgow G13 3TF3
£412.5K07/210.95 mi432, Crow Road, Glasgow G11 7DY3
£392K12/210.95 mi436, Crow Road, Glasgow G11 7DY3

Local Rents

16 rents from £950/mo to £2.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,60003/240.13 mi-3
£1,50011/240.14 mi-3
£1,35001/250.14 mi-3
£1,10004/240.15 miEsslemont Avenue, Glasgow, G143
£99503/250.19 mi-3
£95004/240.21 mi-3
£99501/240.22 mi-3
£95012/240.22 mi-3
£1,20001/250.22 mi-3
£1,35004/240.3 miSouthbrae Drive, Jordanhill, Glasgow, G13 1TT3
£1,55004/240.3 miSouthbrae Drive , Jordanhill, Glasgow, G13 1TT3
£99512/230.36 mi-3
£1,19503/250.36 mi-3
£1,10004/240.38 miSouthbrae Drive, Glasgow3
£2,75004/240.44 miTraining Drive, Glasgow, G133
£2,20005/240.53 miNormal Avenue, Flat 2/1, Jordanhill, Glasgow, G13 1FJ3

Local Area Statistics

 

 

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+34%

Property History

Listed for £295,000

November 28, 2024

Sold for £87,000

2010

Sold for £190,277

2004

Floor Plans

Description

Description
121 Earlbank Avenue is a five apartment, blonde sandstone mid terrace villa in a charming, tree lined street in the ever-popular Scotstoun area, with a south facing rear garden.

The generous family accommodation, which is in need of some upgrading and decoration, is entered through a front vestibule into a reception hall with storage cupboard off, large bay window lounge with feature fireplace, dining room, fitted kitchen and small porch, which provides access to the rear, south facing garden. Upstairs, there are three bedrooms, with the principal boasting a bay window, a family bathroom, and access to a loft attic.

The property benefits from double glazing, gas central heating and front and rear gardens.

EER Band: C
Local Area
The Scotstoun Conservation Area offers superb local amenities, including nursery, pre-school, primary and secondary education, both within the private and state sectors. The renowned Scotstoun Leisure Centre, home to Glasgow Warriors, offers a wide range of sporting facilities and Victoria Park is also close at hand.

There are a wide range of shops catering for day-to-day needs within the area, along with a choice of restaurants and coffee houses. For commuters, there is a choice of railway stations and regular bus links on the main road arteries providing excellent commuting to the City Centre via the Clydeside Expressway and to the south of the city via the Clyde Tunnel.

Directions

From Corum's office on Hyndland Road, head south and turn right at the traffic lights on Clarence Drive. At the end of Clarence Drive, turn right onto Crow Road then immediate left onto Broomhill Drive. At the roundabout, take the fourth exit onto the A814 slip road. Keep left onto Victoria Park Drive South and straight through the roundabout onto Dumbarton Road. Turn right onto Verona Avenue, then first left onto Earlbank Avenue where number 121 will be found on the left hand side.

Agent Details

Corum, West End

0141 673 4501

Next Steps?

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