3 Bed Bungalow, Refurb/BRRR, Cupar, KY15 7QA, £245,000

The Yard, Kingskettle, Cupar, KY15 7QA - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~125 m²
+15 photos

ValuationOvervalued

Sold Prices£95K - £275.2K

 

 

Square Metres

~125 m²

Value Estimate

£202,778

 

 

End Value (After Refurb)

£225,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£15,850

Refurb Costs

£51,061

Bridging Loan Interest

£6,431

Total Cash In

£136,342

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£225,500

Mortgage (After Refinance)

£169,125

Mortgage LTV

75%

Cash Left In

£136,342

Equity

£56,375

Rent Range

£550 - £1,595

Rent Estimate

£1,044

Running Costs/mo

£933

Cashflow/mo

£111

Cashflow/yr

£1,326

ROI

1%

Gross Yield

5%

Local Sold Prices

25 sold prices from £95K to £275.2K, average is £201.6K.

PriceDateDistanceAddressBeds 
£181.8K05/210.69 mi26, Station Road, Kingskettle, Cupar, Fife KY15 7PX3
£128.6K10/210.75 mi5, Station Road, Kingskettle, Cupar, Fife KY15 7PR3
£153.6K04/210.75 miThe Old Stable, Main Street, Kingskettle, Cupar, Fife KY15 7PN3
£224K06/210.76 mi1, South Street, Kingskettle, Cupar, Fife KY15 7PL3
£257.5K08/210.99 miBarpeta, Cross Keys, Freuchie, Cupar KY15 7JB3
£270K10/211.04 miParkside, East End, Freuchie, Cupar, Ffe KY15 7ET3
£275.2K12/211.04 miThane Croft, East End, Freuchie, Cupar, Fife KY15 7ET3
£150K07/211.33 mi3, Albany Crescent, Freuchie, Cupar, Fife KY15 7EH3
£245.5K03/211.33 miGamoe House, High Street, Freuchie, Cupar, Fife KY15 7EZ3
£201.6K01/211.43 mi29, Monkstown, Ladybank, Cupar, Ffe KY15 7JX3
£204K08/211.47 mi38, Commercial Road, Ladybank, Cupar KY15 7JS3
£255K04/241.53 mi7, Russell Gardens, Ladybank, Cupar, Fife KY15 7LT3
£185.6K10/211.62 mi32, Hill Street, Ladybank, Cupar, Fife KY15 7NP3
£147K06/211.67 mi4, Monks Moss, Ladybank, Cupar, Fife KY15 7NN3
£95K08/241.71 mi22, Roselea Gardens, Ladybank, Cupar, Ffe KY15 7NW3
£164.7K11/211.72 mi6, Pine Grove, Ladybank, Cupar, Fife KY15 7NL3
£173K07/211.76 mi2, Beech Avenue, Ladybank, Cupar, Fife KY15 7NG3
£165K08/211.78 mi31, Golf Street, Ladybank, Cupar, Fife KY15 7NT3
£162.5K06/212.34 mi5, Dowlas Court, Pitlessie, Cupar, Fife KY15 7SN3
£196K08/212.64 miWest End Cottage, West End, Star, Glenrothes, Fife KY7 6JZ3
£222K02/242.67 mi3, Braeview Crescent, Star, Glenrothes, Fife KY7 6LZ3
£254K04/212.72 mi16, Glengarry Court, Glenrothes, Ffe KY7 6NN3
£245K01/212.93 mi2 The Old Drill Hall, South Street, Falkland, Cupar, Ffe KY15 7AT3
£226.4K09/212.95 mi22, Viewforth, Markinch, Glenrothes, Fife KY7 6NY3
£235.5K06/212.95 mi15, Viewforth, Markinch, Glenrothes, Fife KY7 6NY3

Local Rents

9 rents from £550/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£55005/231.11 mi-1
£75004/241.28 miLindsay Place, KY152
£1,05003/251.44 mi-3
£1,40003/251.46 mi-4
£1,10004/241.51 miPitlessie Road, Ladybank, Cupar, KY153
£85003/241.54 miKY152
£1,59503/252.41 mi-4
£80002/252.44 mi-2
£1,30003/252.44 mi-4

Local Area Statistics

Population in Cupar

28,507

Town centre distance

8.06 miles away

Nearest school

0.60 miles away

Nearest train station

1.46 miles away

 

 

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+10%

Property History

Listed for £245,000

December 13, 2024

Floor Plans

Description

  • Detached three bedroom bungalow in quiet sought after location +
  • Brand new modern fitted kitchen & separate dining area +
  • Garden room with French doors to garden +
  • Three bedrooms (one ensuite) | Family Bathroom +
  • In need of some cosmetic improvement +
  • Gardens | Driveway | garage +

This charming detached bungalow is part of a small development of just three properties, offering a peaceful and exclusive living environment. The property boasts a beautiful countryside outlook to the front, providing a serene and picturesque setting.

Inside, you’ll find a brand new fitted kitchen and new internal doors, adding a fresh and modern touch to the home. The large living room window at the front allows plenty of natural light to flood the space, creating a bright and welcoming atmosphere. The kitchen is complemented by a separate dining area and an extension that provides a cosy sitting area, perfect for relaxing or entertaining guests.

The bungalow features three generous bedrooms, two of which come with built-in wardrobes, offering ample storage space. There is a family bathroom and an ensuite shower room, providing convenience and comfort for the household.

While some modernisation is required, the property offers great potential for customisation to suit your personal taste. Outside, there are gardens to the front and side, a garage, and a driveway, ensuring plenty of outdoor space and parking.

This property is ideal for those seeking a tranquil countryside lifestyle with the convenience of modern amenities.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

GLE240443/2

Agent Details

YOUR MOVE, Glenrothes

01592 802266

Next Steps?

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