2 Bed Flat, Single Let, FK5 4TZ £132,000

Mccormack Place, Larbert, FK5 4TZ - 5 views - a year ago

Sold STC

BTL

ROI: 4%

~78 m²

ValuationOvervalued

Sold Prices	£75K - £181K
Sold Prices/m²	£1.3K/m² - £2.8K/m²

Square Metres	~78 m²
Price/m²	£1.7K/m²
Value Estimate	£110,025£110,025

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£33,000£33,000
Stamp Duty & Legal Fees	£7,800£7,800
Total Cash In	£40,800£40,800

Cash Out
Rent Range	£450 - £1,050£450 - £1,050
Rent Estimate	£690
Running Costs/mo	£571£571
Cashflow/mo	£120£120
Cashflow/yr	£1,434£1,434
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £75K to £181K, average is £135K. £1.3K/m² to £2.8K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£144K	06/25	0.01 mi	Flat 7, 20, Mccormack Place, Larbert FK5 4TZ	£2,118	68	2	Flat
£148K	08/25	0.01 mi	Flat 6, 16, Mccormack Place, Larbert FK5 4TZ	-	-	2	Flat
£136.5K	12/24	0.02 mi	14, Flat 5, Mccormack Place, Larbert FK5 4TZ	£2,068	66	2	Flat
£137K	03/25	0.03 mi	Flat 1, 12, Mccormack Place, Larbert FK5 4TZ	£2,446	56	2	Flat
£143K	11/24	0.04 mi	10, Flat 2, Mccormack Place, Larbert FK5 4TZ	£2,648	54	2	Flat
£145.5K	07/25	0.04 mi	Flat 7, 8, Mccormack Place, Larbert FK5 4TZ	-	-	2	Flat
£127.5K	05/23	0.05 mi	24, Flat 2, Mccormack Place, Larbert FK5 4TZ	£2,277	56	2	Flat
£152K	08/25	0.05 mi	Flat 2, 24, Mccormack Place, Larbert FK5 4TZ	-	-	2	Flat
£134K	03/23	0.06 mi	5, Flat 9, Mccormack Place, Larbert FK5 4TU	£2,310	58	2	Flat
£172.5K	02/23	0.08 mi	10, Stance Place, Larbert FK5 4FA	£2,300	75	2	Flat
£165K	02/25	0.08 mi	14, Stance Place, Larbert FK5 4FA	£2,171	76	2	Flat
£160K	07/25	0.24 mi	Flat 9, 43, Tryst Park, Larbert FK5 4FN	-	-	2	Flat
£170K	07/25	0.25 mi	Flat 12, 3, Crown Crescent, Larbert FK5 4XP	-	-	2	Flat
£152K	07/25	0.25 mi	Flat 2, 9, Crookston Court, Larbert FK5 4XE	-	-	2	Flat
£140K	03/25	0.26 mi	Flat 3, 7, Crookston Court, Larbert FK5 4XE	-	-	2	Flat
£118K	04/23	0.26 mi	7, Flat 2, Crookston Court, Larbert FK5 4XE	£2,070	57	2	Flat
£180K	08/25	0.26 mi	Flat 9, 5, Crown Crescent, Larbert FK5 4XP	-	-	2	Flat
£170.5K	06/25	0.27 mi	Flat 5, 3, Endrick Court, Larbert FK5 4WN	£2,795	61	2	Flat
£135K	11/24	0.27 mi	5, Flat 6, Crookston Court, Larbert FK5 4XE	£2,177	62	2	Flat
£176K	12/24	0.27 mi	7, Flat 9, Crown Crescent, Larbert FK5 4XP	£2,347	75	2	Flat
£179.5K	04/25	0.28 mi	Flat 7, 11, Crown Crescent, Larbert FK5 4XP	£2,459	73	2	Flat
£175K	10/24	0.29 mi	9, Flat 15, Crown Crescent, Larbert FK5 4XP	£2,244	78	2	Flat
£181K	05/25	0.29 mi	Flat 13, 9, Crown Crescent, Larbert FK5 4XP	£2,479	73	2	Flat
£138K	05/25	0.29 mi	Flat 5, 4, Crookston Court, Larbert FK5 4XF	£2,379	58	2	Flat
£120K	03/23	0.29 mi	4, Flat 9, Crookston Court, Larbert FK5 4XF	£1,905	63	2	Flat
£140K	04/25	0.29 mi	Flat 5, 6, Crookston Court, Larbert FK5 4XF	£2,456	57	2	Flat
£175K	03/25	0.31 mi	Flat 9, 114, Crown Crescent, Larbert FK5 4XQ	£2,397	73	2	Flat
£179K	03/25	0.31 mi	Flat 4, 114, Crown Crescent, Larbert FK5 4XQ	-	-	2	Flat
£180K	05/25	0.31 mi	Flat 1, 114, Crown Crescent, Larbert FK5 4XQ	£2,466	73	2	Flat
£135K	11/24	0.32 mi	16, Flat 8, Crookston Court, Larbert FK5 4XF	£2,700	50	2	Flat
£105K	04/25	0.37 mi	85, Burnhead Road, Larbert FK5 4RJ	£1,567	67	2	Flat
£85K	03/23	0.41 mi	246, Muirhall Road, Larbert FK5 4RG	£1,288	66	2	Flat
£117.5K	10/24	0.48 mi	20, Queens Court, Larbert FK5 4BS	£2,136	55	2	Flat
£110K	10/21	0.49 mi	18, Queens Court, Stenhousemuir, Larbert, Stirlingshire FK5 4BS	-	-	2	Flat
£110K	03/23	0.49 mi	23, Queens Court, Larbert FK5 4BS	£1,864	59	2	Flat
£105K	05/23	0.51 mi	12, Rae Street, Larbert FK5 4QW	£1,265	83	2	Flat
£80K	12/21	0.52 mi	19, Balfour Crescent, Larbert FK5 4BB	-	-	2	Flat
£115K	04/25	0.53 mi	2, Jamieson Avenue, Larbert FK5 4TY	£2,255	51	2	Flat
£122K	05/23	0.53 mi	4, Jamieson Avenue, Larbert FK5 4TY	£2,392	51	2	Flat
£95K	03/25	0.56 mi	9, King Street, Larbert FK5 4HD	£1,418	67	2	Flat
£75K	12/24	0.56 mi	20, Sir William Wallace Court, Larbert FK5 4GA	£1,500	50	2	Flat
£93K	04/25	0.57 mi	23, Balfour Crescent, Larbert FK5 4BB	£1,388	67	2	Flat
£110K	07/25	0.57 mi	23, Balfour Crescent, Larbert FK5 4BB	-	-	2	Flat
£101.3K	08/25	0.57 mi	58, Sir William Wallace Court, Larbert FK5 4GA	-	-	2	Flat
£100K	08/25	0.57 mi	57, Sir William Wallace Court, Larbert FK5 4GA	-	-	2	Flat
£120K	06/25	0.57 mi	46a, King Street, Larbert FK5 4HE	£1,579	76	2	Flat
£90.5K	09/21	0.58 mi	8, Sir William Wallace Court, Larbert, Stirlingshire FK5 4GA	-	-	2	Flat
£83K	07/21	0.58 mi	3, Sir William Wallace Court, Larbert, Stirlingshire FK5 4GA	-	-	2	Flat
£84K	05/21	0.58 mi	361, Main Street, Stenhousemuir, Larbert, Stg FK5 4BL	-	-	2	Flat
£130.4K	06/25	0.58 mi	26, Balfour Crescent, Larbert FK5 4BA	£2,069	63	2	Flat

Local Rents

28 rents from £450/mo to £1.1K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£875	09/25	0 mi	McCormack Place, Kinnaird Village, Larbert, FK5	2	Flat
£850	06/25	0.05 mi	McCormack Place, Flat 3,Larbert	2	Flat
£1,050	09/25	0.08 mi	Stance Place, Larbert, FK5	2	Flat
£895	11/25	0.18 mi	Crookston Court, Larbert, FK5	2	Flat
£925	10/25	0.26 mi	Crown Crescent, Larbert, FK5	2	Flat
£925	04/24	0.26 mi	Larbert, Stirlingshire	2	Terraced House
£850	07/25	0.26 mi	Crookston Court, Larbert, Stirlingshire, FK5	2	Flat
£975	10/25	0.26 mi	Larbert, Stirlingshire	2	Terraced House
£925	07/25	0.26 mi	Crown Crescent, Larbert, Stirlingshire, FK5	2	Flat
£850	07/25	0.29 mi	Endrick Court, Larbert	2	Flat
£850	09/25	0.29 mi	Endrick Court, Larbert	2	Flat
£850	10/25	0.29 mi	Endrick Court, Larbert	2	Flat
£800	12/24	0.3 mi	-	2	Flat
£725	09/23	0.3 mi	-	2	Flat
£695	08/25	0.3 mi	Crookston Court, Flat 4,Larbert	2	Flat
£825	11/25	0.3 mi	Crookston Court, Larbert, FK5	2	Flat
£850	09/25	0.49 mi	Queens Court, Stenhousemuir, Larbert, FK5	2	Flat
£775	07/25	0.51 mi	Jamieson Avenue, Stenhousemuir, FK5	2	Terraced House
£450	08/25	0.57 mi	Sir William Wallace Court, Larbert	2	Flat
£595	08/25	0.57 mi	Sir William Wallace Court, Larbert, Stirlingshire, FK5	2	Flat
£675	04/24	0.58 mi	Sir William Wallace Court, Larbert, FK5	2	Flat
£750	05/25	0.58 mi	Sir William Wallace Court, Larbert	2	Flat
£795	06/25	0.58 mi	Sir William Wallace Court, Larbert, FK5	2	Flat
£800	07/25	0.58 mi	Sir William Wallace Court, Larbert, Falkirk, FK5	2	Semi-Detached House
£875	08/25	0.58 mi	Sir William Wallace Court, Larbert	2	Terraced House
£850	09/25	0.58 mi	Sir William Wallace Court, Larbert, FK5	2	Terraced House
£695	04/24	0.58 mi	Sir William Wallace Court, Larbert, Stirlingshire, FK5	2	Terraced House
£475	08/25	0.59 mi	ELIZABETH AVENUE, Larbert, Stirlingshire, FK5	2	Flat

Local Area Statistics


Rental growth (12m)	-13%-13%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+44%+44%

Property History

Listed for £132,000

December 13, 2024

Floor Plans

Description

Two Bedroom Ground Floor Apartment +
Located within sought after Kinnaird development +
Modern & Spacious Throughout +
Secure Door Entry System +
Close to all Local Amenities and Schools +
Ample owner and visitor parking +

Homes For You are delighted to present to the market this beautifully presented two-bedroom ground floor flat located within the popular Kinnaird Village development in Larbert. This move-in ready property boasts a bright and welcoming entrance hall, a spacious lounge featuring a charming bay window, and a modern kitchen complete with integrated appliances. The accommodation includes a stylish bathroom and two generously sized double bedrooms, one of which offers integrated double wardrobes. With ample storage throughout, the flat is designed for comfortable and practical living. Additional features include gas central heating, double glazing, and communal parking to the rear, complete with a convenient bike store. Larbert provides a host of excellent local amenities, well-regarded schools, and superb transport links by road and rail to all major destinations, making this property an ideal choice for a wide range of buyers. Early viewing is highly recommended!

Agent Details

Homes For You, Larbert

01324 374513

Next Steps?

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

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