3 Bed Bungalow, Cash/Bridging Only, Glasgow, G73 3TB, £280,000

Southhill Avenue, Burnside, Glasgow, G73 3TB - 2 views - 3 months ago

Cash
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£65K - £415K

 

 

Square Metres

~93 m²

Value Estimate

£242,500

 

 

End Value (After Refurb)

£237,498

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£36,047

Bridging Loan Interest

£7,350

Total Cash In

£126,247

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£237,498

Mortgage (After Refinance)

£178,124

Mortgage LTV

75%

Cash Left In

£126,247

Equity

£59,375

Rent Range

£775 - £1,600

Rent Estimate

£905

Running Costs/mo

£943

Cashflow/mo

£-38

Cashflow/yr

£-458

Gross Yield

4%

Local Sold Prices

30 sold prices from £65K to £415K, average is £206K.

PriceDateDistanceAddressBeds 
£260K02/210.19 mi210, Brownside Road, Rutherglen, Glasgow G73 5BE3
£220K08/210.25 mi14, Fishescoates Avenue, Rutherglen, Glasgow, Lanarkshire G73 5DZ3
£290K03/210.28 mi21, Greystone Avenue, Rutherglen, Glasgow, Lanarkshire G73 3SN3
£269.3K08/210.29 mi44, East Kilbride Road, Rutherglen, Glasgow, Lanarkshire G73 5EB3
£157K10/210.33 mi43, Buckingham Drive, Rutherglen, Glasgow, Lan G73 3NH3
£275.1K09/210.34 mi189, Blairbeth Road, Rutherglen, Glasgow, Lanarkshire G73 5DJ3
£226.1K08/210.39 mi231, Stonelaw Road, Rutherglen, Glasgow, Lanarkshire G73 3RJ3
£200K11/210.42 mi91, Limeside Avenue, Rutherglen, Glasgow, Lanarkshire G73 3TU3
£340K04/210.43 mi2, Buchanan Drive, Rutherglen, Glasgow, Lanarkshire G73 3PE3
£330K07/210.52 mi27, Stonelaw Drive, Rutherglen, Glasgow, Lanarkshire G73 3PA3
£312K12/210.56 mi26, Stirling Drive, Rutherglen, Glasgow, Lanarkshire G73 4JH3
£245K03/210.56 mi152, Stonelaw Road, Rutherglen, Glasgow, Lanark G73 3PB3
£415K07/210.58 mi13, Albert Drive, Rutherglen, Glasgow, Lanarkshire G73 3RT3
£180K08/210.63 mi3, Library Gardens, Cambuslang, Glasgow, Lanark G72 8AL3
£162.5K09/210.66 mi31, Martyn Grove, Cambuslang, Glasgow, Lanarkshire G72 8FN3
£210K03/210.67 mi22, Manor Way, Rutherglen, Glasgow, Lanarkshire G73 4EP3
£333K03/210.68 mi23, Kincath Avenue, Rutherglen, Glasgow, Lanarkshire G73 4RP3
£202K08/210.71 mi17, Larchfield Drive, Rutherglen, Glasgow, Lanarkshire G73 4HA3
£220K03/210.76 mi43, Grenville Drive, Cambuslang, Glasgow, Lanarkshire G72 8DW3
£240K07/210.81 mi2, Islay Avenue, Rutherglen, Glasgow, Lanarkshire G73 5NH3
£138.5K09/210.85 mi78, Woodend Road, Rutherglen, Glasgow, Lanarkshire G73 4DY3
£120K11/210.85 mi98, Woodend Road, Rutherglen, Glasgow, Lanarkshire G73 4DY3
£65K07/210.86 mi1, Ryan Way, Fernhill Burnside, Rutherglen G73 4AQ3
£160K06/210.89 mi11, Eastcroft, Rutherglen, Glasgow, Lanarkshire G73 3AH3
£106K12/210.9 mi5, Laurieston Way, Rutherglen, Glasgow, Lanark G73 4DZ3
£191K10/210.94 mi28, Caledonia Avenue, Rutherglen, Glasgow, Lanark G73 1DJ3
£165K05/210.94 mi224, Trossachs Road, Rutherglen, Glasgow, Lanarkshire G73 5PQ3
£142K02/210.97 mi31, Mossgiel Avenue, Rutherglen, Glasgow, Lan G73 4LL3
£201.2K04/210.99 mi30, Millburn Avenue, Rutherglen, Glasgow, Lanark G73 2AR3
£151K05/211 mi52, Clincarthill Road, Rutherglen, Glasgow, Lanarkshire G73 2LQ3

Local Rents

12 rents from £775/mo to £1.6K/mo, average is £988/mo.

RentDateDistanceAddressBeds 
£1,35012/240.66 mi-3
£1,35012/240.66 miMcgahey Drive, Cambuslang, Glasgow, G723
£1,10012/240.7 mi-3
£87510/240.8 mi-3
£1,20010/230.88 miCuillins Road, Cathkin, Glasgow3
£85004/250.92 mi-3
£77512/241.05 mi-3
£1,60003/251.06 mi-3
£85004/241.08 miGreenhill Street, Rutherglen, G73 2LH3
£85004/241.08 miGreenhill Street, Rutherglen, G73 2LH3
£79504/251.15 mi-3
£1,10005/241.23 miCityford Drive, Rutherglen, G73 2QS3

Local Area Statistics

 

 

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+5%

Property History

Listed for £280,000

December 27, 2024

Floor Plans

Description

  • 3 Bedroom, Extended, Semi Detached Bungalow +
  • Located in Sought After Burnside Locale +
  • Conservatory +
  • Well Maintained Gardens to Front and Rear +
  • Double Glazing & Gas Central Heating +
  • Driveway, Garage with Power +

Presenting to the market this well maintained, extended, 3 bedroom, semi detached bungalow, which is likely to appeal to many, especially young couples, those with young families or perhaps those downsizing. Early viewing highly recommended.

Accommodation
Viewings Strictly by appointment only.

Sitting within a much sought after area in the heart of Burnside, this 1930s bungalow has been extended to the rear to form a conservatory which overlooks the beautifully maintained rear gardens.
Accommodation comprises; entrance door to porch with further door taking you into entrance hallway with all lower apartments off and stairs leading to upper rooms. The lounge is spacious with bay window and overlooks front gardens. The dining room faces the rear and has doors leading out to patio area and could be used as an additional bedroom or sitting room/snug. The breakfasting kitchen has a range of wall and base units, coordinating worktops and room for appliances. A door off the kitchen leads into the conservatory which can be used for dining, entertaining, family gatherings or an area for relaxation. The master bedroom is downstairs, front facing, spacious and has integrated storage. The shower room is modern in style with contemporary tiling, good sized walk in shower, low level wc and sink encased in vanity unit.
Upstairs are 2 further bedrooms with bedroom 3 featuring en suite wc. There is also storage off both bedrooms into eves. Completing the accommodation is gas central heating and double glazing. Externally, there are fabulous and well maintained gardens to the rear which are well stocked with mature shrubs and plants, slabbed patio area which is ideal for alfresco dining or drinks, lawn and easily maintained gardens to front, driveway and garage which has power.

Description
Southhill Avenue is a most desired street within Burnside and enjoys a peaceful location whilst being close to shops, supermarket, restaurants and independent shops on Stonelaw Drive. There are excellent transportation links with regular bus services locally and Burnside Train station within walking distance. Excellent schooling can be found at both primary and secondary levels and recreational facilities include bowling, rugby and tennis clubs. Finally the property is in close proximity to the motorway networks.

Energy Efficiency Rating Band D
Council Tax Band - Band E

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.

1. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
2. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
3. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 4. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Lounge 4.65m (15' 3") (Into Bay) x 3.65m (12' 0")
Dining Room 3.95m (13' 0") x 3.90m (12' 10")
Kitchen 4.30m (14' 1") x 2.15m (7' 1")
Bedroom 1 3.40m (11' 2") x 3.25m (10' 8")
Bedroom 2 4.70m (15' 5") x 3.00m (9' 10")
Bedroom 3 3.05m (10' 0") x 2.65m (8' 8")
En Suite WC 1.75m (5' 9") x 1.85m (6' 1")
Shower Room 2.40m (7' 10") x 1.65m (5' 5")
Conservatory 4.15m (13' 7") x 2.50m (8' 2")

Agent Details

Austin Beck, Burnside

0141 673 4598

Next Steps?

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

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