3 Bed Semi-Detached House, Refurb/BRRR, Ayr, KA8 0RG, £75,000

166 Westwood Avenue, Ayr, KA8 0RG - 4 views - 3 months ago

Under Offer
Refurb/BRRR
ROI: 5%
~93 m²
+4 photos

ValuationFair Value

Sold Prices£42K - £240K

 

 

Square Metres

~93 m²

Value Estimate

£76,500

 

 

End Value (After Refurb)

£70,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£36,047

Bridging Loan Interest

£1,969

Total Cash In

£61,966

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£70,250

Mortgage (After Refinance)

£52,688

Mortgage LTV

75%

Cash Left In

£61,966

Equity

£17,563

Rent Range

£375 - £1,200

Rent Estimate

£624

Running Costs/mo

£364

Cashflow/mo

£260

Cashflow/yr

£3,116

ROI

5%

Gross Yield

10%

Local Sold Prices

41 sold prices from £42K to £240K, average is £122K.

PriceDateDistanceAddressBeds 
£143K04/240.08 mi3, St. Catherine's Road, Ayr, Ayrshire KA8 0LW3
£125K02/240.09 mi16, Drummond Crescent, Ayr, Ayrshire KA8 0NN3
£134K06/210.1 mi1, Thornyflat Crescent, Ayr KA8 0NZ3
£140K01/210.1 mi9, Thornyflat Crescent, Ayr KA8 0NZ3
£139.5K10/210.16 mi43, Thornyflat Place, Ayr, Ayrshire KA8 0NE3
£157.5K08/240.16 mi26, Thornyflat Place, Ayr KA8 0NE3
£42K10/210.16 mi5, Fulshaw Crescent, Ayr KA8 0ND3
£120K08/240.22 mi80, Dalmilling Road, Ayr KA8 0PF3
£155.3K08/240.27 mi14, Sannox View, Ayr KA8 0PH3
£104.5K11/210.42 mi66, Westwood Avenue, Ayr KA8 0QR3
£100K02/240.44 mi48, Dalmilling Crescent, Ayr, Ayrshire KA8 0QJ3
£80K10/210.49 mi37, Glenmuir Place, Ayr KA8 9RN3
£90K05/210.49 mi25, Dalmilling Crescent, Ayr, Ayrshire KA8 0QL3
£115.5K10/210.49 mi27, Dalmilling Crescent, Ayr KA8 0QL3
£79.5K02/210.51 mi36, Glenmuir Road, Ayr KA8 9RE3
£95K02/210.53 mi11, Mainholm Road, Ayr KA8 0QG3
£131.5K11/210.53 mi47, Mainholm Road, Ayr KA8 0QN3
£145K04/240.53 mi29, Mainholm Road, Ayr, Ayrshire KA8 0QN3
£122K05/210.53 mi217, Whitletts Road, Ayr, Ayrshire KA8 0LA3
£140.2K09/210.57 mi29, Robertson Crescent, Ayr, Ayrshire KA8 0SN3
£106K02/210.57 mi65, Robertson Crescent, Ayr KA8 0SN3
£70K02/210.57 mi4, Braemar Square, Ayr KA8 9RJ3
£180K11/210.61 mi16, Braehead Avenue, Ayr, Ayrshire KA8 0JY3
£70K06/240.61 mi106, Ferguson Street, Ayr, Ayrshire KA8 9QT3
£100K08/240.61 mi106, Ferguson Street, Ayr KA8 9QT3
£121K12/210.64 mi90, Sloan Street, Ayr, Ayrshire KA8 9QX3
£146K08/210.64 mi189, Whitletts Road, Ayr, Ayrshire KA8 0JZ3
£110.5K11/210.64 mi209, Whitletts Road, Ayr, Ayrshire KA8 0JZ3
£120K04/240.66 mi16, Thomson Street, Ayr, Ayrshire KA8 9QA3
£95K03/210.66 mi13, Thomson Street, Ayr, Ayrshire KA8 9QB3
£96.5K11/210.68 mi108, Gould Street, Ayr, Ayrshire KA8 9QQ3
£118K04/240.68 mi92, Gould Street, Ayr, Ayrshire KA8 9QQ3
£170K03/210.68 mi25, Braehead Avenue, Ayr KA8 0JS3
£145K04/210.68 mi29, Braehead Avenue, Ayr, Ayrshire KA8 0JS3
£216K06/240.68 mi31, Braehead Avenue, Ayr, Ayrshire KA8 0JS3
£132K08/240.74 mi11, Lindsay Street, Ayr KA8 9QE3
£123K02/210.81 mi8, Churchill Crescent, Ayr KA8 0SG3
£205K11/210.84 mi23, Overmills Crescent, Ayr KA7 3LN3
£240K01/210.84 mi21, Overmills Crescent, Ayr KA7 3LN3
£124K07/210.99 mi147, Craigie Way, Ayr, Ayrshire KA8 0HH3
£120K01/210.99 mi155, Craigie Way, Ayr KA8 0HH3

Local Rents

50 rents from £375/mo to £1.2K/mo, average is £555/mo.

RentDateDistanceAddressBeds 
£77512/230.14 mi-3
£82504/240.16 miFulshaw Crescent, Ayr, South Ayrshire, KA83
£82510/230.3 mi-2
£89908/230.42 mi-3
£70009/240.42 mi-2
£89905/230.42 mi-3
£70002/250.44 mi-2
£52511/230.66 mi-1
£37504/230.92 mi-1
£80003/241 mi-3
£65007/231 mi-2
£69509/241 mi-2
£75004/241.04 miJames Campbell Road,Ayr,KA82
£55004/241.05 miWalker Road, Ayr, South Ayrshire, KA82
£55005/241.08 miLorien Court, Ayr, South Ayrshire, KA81
£55004/241.08 miLorien Court, Ayr, South Ayrshire, KA81
£42502/231.08 mi-1
£60004/241.09 miObree Avenue, Prestwick, South Ayrshire, KA92
£79504/241.09 mi97 Craigie Way, Ayr, KA8 0HW2
£49505/241.13 miForge Road, Ayr, Ayrshire, KA81
£1,20004/241.14 miPrestwick - Mcadam Court3
£47602/241.15 mi-2
£42503/241.16 miWest Sanquhar Road, Ayr1
£56004/241.16 mi17C West Sanquhar Rd Ayr KA8 9HP1
£67502/241.16 mi-2
£42509/231.18 mi-1
£82505/241.18 miShilliaw Drive, Prestwick, Ayrshire, KA93
£49504/241.2 miPaterson Street, Ayr, KA81
£80009/231.22 mi-3
£47505/241.24 miSt George's Road, Ayr, KA8 9HN1
£50003/241.31 mi-1
£50012/241.34 mi-1
£72012/231.34 mi-2
£65004/241.35 miHeathfield Road, South Ayrshire, KA82
£49504/241.39 miFarden Place, Prestwick, South Ayrshire, KA91
£52509/231.39 mi-1
£44012/231.41 mi-1
£49909/241.41 mi-2
£37506/241.42 miDuke Terrace, Ayr, South Ayrshire, KA81
£60005/241.43 miAYR - Maryfield Place2
£42505/231.44 mi-2
£55002/251.44 mi-3
£69510/241.45 mi-2
£50004/241.45 miCraigie Avenue, Ayr, South Ayrshire, KA82
£55004/241.45 miCraigie Avenue, Ayr, Ayrshire, KA82
£59504/241.45 miCraigie Avenue, Ayr, South Ayrshire, KA82
£59502/251.45 mi-2
£52901/241.45 mi-2
£55005/241.45 mi-2
£56310/241.45 mi-2

Local Area Statistics

Population in Ayr

66,386

Town centre distance

2.16 miles away

Nearest school

0.30 miles away

Nearest train station

1.54 miles away

 

 

Rental growth (12m)

-24%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £75,000

January 6, 2025

Floor Plans

Description

Description
The property requires extensive upgrading and modernisation throughout and due to the general condition has been classed as non-mortgageable although potential purchasers should consult their mortgage lender regarding potential mortgageability.

Benefits of the property include gas central heating, extensive cupboard and wardrobe space, large loft space accessed via a pull down ladder and predominant double glazing.

In summary the accommodation extends to, on the ground floor, a vestibule, reception hallway, rear facing lounge room, kitchen with door to the side of the property and dining room/fourth bedroom. Upstairs there are three further well proportioned bedrooms and a bathroom.

Externally there are good sized gardens to the front and rear with a driveway to the side which culminates in the detached garage. The garage is in a state of dis-repair but has a concrete base and a new garage could be erected by the buyer subject to any appropriate consents.

EER - E Local Area
Westwood Avenue is well placed for local amenities including schooling and shops. The location is around two miles from the centre of Ayr which provides a comprehensive range of amenities including supermarket and retail shopping, transport and recreational facilities. For the commuter there are excellent road and rail links to Glasgow and surrounding areas. Directions
From the Corum office in Beresford Terrace proceed round the one way system, veer left at the double roundabout and straight through the next roundabout onto Craigie Road. At the traffic lights turn right onto Whitletts Road, proceed past Tesco's on your right and continue to the traffic lights turning right onto Thornyflat Road which becomes Westwood Avenue. Number 166 is on the left.

Agent Details

Corum, Ayr

01292 431247

Next Steps?

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