3 Bed Terraced House, Refurb/BRRR, Renfrew, PA4 8NH, £120,000

Craigielea Road, Renfrew, Renfrewshire, PA4 8NH - 3 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£110K - £275K

 

 

Square Metres

~93 m²

Value Estimate

£123,124
BMV3%

 

 

End Value (After Refurb)

£109,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£36,400

Bridging Loan Interest

£3,150

Total Cash In

£76,100

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£109,375

Mortgage (After Refinance)

£82,031

Mortgage LTV

75%

Cash Left In

£76,100

Equity

£27,344

Rent Range

£795 - £1,200

Rent Estimate

£910

Running Costs/mo

£544

Cashflow/mo

£366

Cashflow/yr

£4,394

ROI

6%

Gross Yield

9%

Local Sold Prices

36 sold prices from £110K to £275K, average is £193.5K.

PriceDateDistanceAddressBeds 
£135.1K02/240.14 mi94, Craigielea Road, Renfrew, Renfrewshire PA4 8NJ3
£185K10/210.21 mi32, Robertson Close, Renfrew PA4 8NA3
£220K08/210.26 mi84, Nethergreen Wynd, Renfrew, Renfrewshire PA4 8HS3
£160.5K10/210.29 mi54, Kirklands, Renfrew PA4 8HR3
£220K05/240.3 mi98, Nethergreen Wynd, Renfrew, Renfrewshire PA4 8HS3
£190K07/210.3 mi139, Nethergreen Crescent, Renfrew, Renfrewshire PA4 8HU3
£128.5K10/210.34 mi9, Elm Avenue, Renfrew, Renfrewshire PA4 9AN3
£210K07/210.37 mi50, Urquhart Crescent, Renfrew, Renfrewshire PA4 0SP3
£230K05/240.37 mi3, Urquhart Crescent, Renfrew, Renfrewshire PA4 0SP3
£120K08/210.41 mi117, Kirklandneuk Road, Renfrew, Renfrewshire PA4 9DH3
£144.3K11/210.41 mi14, North Lodge Road, Renfrew, Renfrewshire PA4 9AP3
£195K04/240.45 mi64, Sandy Road, Renfrew, Renfrewshire PA4 0BU3
£247.5K02/240.49 mi32, Broadloan, Renfrew, Renfrewshire PA4 0SB3
£260K08/240.5 mi127, Sandy Road, Renfrew, Ren PA4 0BX3
£240.5K11/210.5 mi127, Sandy Road, Renfrew, Renfrewshire PA4 0BX3
£128.5K12/210.6 mi12, Simons Crescent, Renfrew PA4 8TE3
£265K06/210.62 mi48, Brora Drive, Renfrew, Ren PA4 0XA3
£222K09/210.65 mi27a, Bleasdale Road, Renfrew, Renfrewshire PA4 8ZJ3
£200K03/210.65 mi8, Crofton Avenue, Renfrew, Renfrewshire PA4 8ZD3
£235K11/210.66 mi26, Andrew Avenue, Renfrew, Renfrewshire PA4 8ZB3
£127.5K09/210.69 mi24, Lang Avenue, Renfrew PA4 0DF3
£272.5K08/240.7 mi2, Esk Avenue, Renfrew, Ren PA4 0UL3
£136.5K05/210.71 mi234, Sandy Road, Renfrew, Renfrewshire PA4 0LH3
£253.4K10/210.74 mi26, Almond Avenue, Renfrew, Ren PA4 0UP3
£255K06/210.76 mi14, Earn Avenue, Renfrew, Renfrewshire PA4 0UX3
£179K07/210.8 mi45, Merlinford Drive, Renfrew PA4 8XP3
£125K09/210.81 mi4, Hercules Way, Renfrew PA4 0NN3
£110K05/210.82 mi3, Anson Way, Renfrew, Renfrewshire PA4 0ND3
£120K01/210.82 mi32, Britannia Way, Renfrew PA4 0LQ3
£275K08/240.83 mi56, King George Park Avenue, Renfrew, Ren PA4 0AP3
£130K06/210.85 mi27, Elizabethan Way, Renfrew, Ren PA4 0LY3
£192K11/210.9 mi57, Leander Crescent, Renfrew, Renfrewshire PA4 0XB3
£210K08/210.9 mi3, King George Place, Renfrew PA4 0AX3
£230.5K06/210.91 mi18, Gleniffer Road, Renfrew, Renfrewshire PA4 0RE3
£181K01/210.99 mi53, Wright Street, Renfrew, Ren PA4 8AU3
£190.6K03/211 mi49, Wright Street, Renfrew, Renfrewshire PA4 8AU3

Local Rents

12 rents from £795/mo to £1.2K/mo, average is £858/mo.

RentDateDistanceAddressBeds 
£89512/240.15 miRannoch Drive, Renfrew, Renfrewshire, PA43
£1,00012/240.18 miAranthrue Crescent, Renfrew, PA4 9BH3
£1,20012/240.41 mi-3
£85006/240.41 miHouston Street, Renfrew, PA43
£1,05006/240.43 miSunart Avenue, Renfrew3
£85002/240.44 mi-3
£84012/240.51 miHigh Street, Renfrew3
£86512/240.51 miHigh Street, Renfrew3
£85006/240.51 mi-3
£85006/240.51 miMillburn Road, Renfrew, PA43
£87512/240.52 miStation Road, Renfrew3
£79506/240.56 miEdward Avenue, Renfrew3

Local Area Statistics

Population in Renfrew

23,262

Town centre distance

6.93 miles away

Nearest school

0.10 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

-5%

Property History

Listed for £120,000

December 6, 2024

Floor Plans

Description

  • MID TERRACE VILLA +
  • 3 BEDROOMS +
  • LOUNGE & DINING KITCHEN +
  • NESTLED NEXT DOOR TO ROBERTSON PARK +
  • BACK AND FRONT GARDENS +
  • CLOSE TO LOCAL SCHOOLS +

Nestled in a cul de sac on the edge of Robertson Park is this spacious Mid Terrace Villa at Craigielea Road. The three bedroom home is next door to the park making it ideal for families, dog walkers and anyone who cherishes the outdoors.

The accommodation comprises: Hallway with ample storage space under the stairs; spacious Lounge; Dining Kitchen; three well-appointed Bedrooms; and a tiled Bathroom fitted with a white suite and an electric shower.

Internally the property is slightly dated in style but has endless potential for modernisation and personalisation. The specification includes a system of warm air heating and is double glazed.

There is back garden with access to parking at the rear. The garden is split with a patio and some lawn.

Renfrew Town Centre is a short distance away and offers a wide variety of amenities, including shops, bars, restaurants and regular bus services. Braehead is also close at hand for a wider variety of retail and leisure amenities. The M8 Network is accessible at both ends of the town for journeys to Glasgow City Centre and further afield.

Internal inspection highly recommended.

Agent Details

Walker Laird, Renfrew

0141 673 2142

Next Steps?

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