2 Bed Flat, Single Let, Dunoon, PA23 7TJ, £115,000

48 Shore Road, Innellan, Dunoon, Argyll and Bute, PA23 7TJ - 3 months ago

BTL
ROI: 9%
~78 m²
+17 photos

ValuationOvervalued

Sold Prices£62.5K - £277.4K

 

 

Square Metres

~78.32 m²

Value Estimate

£84,625

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Total Cash In

£35,700

 

 

Cash Out

 

Rent Range

£795 - £1,950

Rent Estimate

£795

Running Costs/mo

£538

Cashflow/mo

£257

Cashflow/yr

£3,080

ROI

9%

Gross Yield

8%

Local Sold Prices

12 sold prices from £62.5K to £277.4K, average is £140.5K.

PriceDateDistanceAddressBeds 
£131K06/210.36 mi74c, Shore Road, Innellan, Dunoon, Argyll PA23 7TR2
£168K12/232.24 mi4 Wemyss Court, Leapmoor Drive, Wemyss Bay, Renfrewshire PA18 6BF2
£165K11/212.27 mi8 Undercliff Court, Undercliff Road, Wemyss Bay, Renfrewshire PA18 6AL2
£277.4K07/232.36 mi4, Undercliff Road, Wemyss Bay, Renfrewshire PA18 6AQ2
£62.5K03/212.55 mi8, Ardgowan Road, Wemyss Bay, Renfrewshire PA18 6AT2
£125.6K10/212.58 miFlat 11, Cardell, Wemyss Bay Road, Wemyss Bay, Renfrewshire PA18 6AD2
£115K06/212.59 miFlat 16, Cardell, Wemyss Bay Road, Wemyss Bay, Ren PA18 6AD2
£92K01/242.6 mi3, Forbes Place, Wemyss Bay, Renfrewshire PA18 6AU2
£150K06/212.9 miFlat 18, Rothesay Court, Shore Road, Skelmorlie, Ayrshire PA17 5DY2
£120K11/232.91 miRothesay Court, Flat 3, Shore Road, Skelmorlie, Ayrshire PA17 5DY2
£226K07/212.91 mi14, Shore Road, Skelmorlie, Ayrshire PA17 5DY2
£150K10/232.91 miRothesay Court, Flat 6, Shore Road, Skelmorlie, Ayrshire PA17 5DY2

Local Rents

7 rents from £795/mo to £1.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,69508/242.2 miLeapmoor Drive, Wemyss Bay5
£1,95007/242.34 miShorehouse, Toward, Dunoon, PA234
£1,95008/242.34 mi-4
£1,20006/242.44 miCarron Road, Wemyss Bay, PA183
£89507/242.44 miWhiting Road, Wemyss Bay, PA183
£79507/242.44 miWhiting Road, Wemyss Bay, PA183
£79508/242.44 mi-3

Local Area Statistics

Population in Dunoon

12,620

Town centre distance

4.28 miles away

Nearest school

0.20 miles away

Nearest train station

2.86 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+47%

Property History

Price changed to £115,000

April 5, 2025

Listed for £120,000

January 10, 2025

Floor Plans

Description

  • Much Sought After Location +
  • Ground Floor Flat +
  • 2 Bedrooms +
  • Close to Local Amenities +
  • Gas Central Heating +
  • View to the Sea +
  • Council Tax Band - A +
  • EPC Rating - C +

48 Benvula is a bright spacious 2-bedroom ground floor flat with sea views presented in a lovely condition. The property is close to local amenities in the centre of Innellan with local bus services running to and from Dunoon which is 4 miles south of the flat.

The property is on the south side of Benvula Building with the main entrance opening up to a small porch area. From there, it opens up to a long hallway which runs the length of the flat with a large storage cupboard at the end of the hall. To the front of the property, with great views, are the living room and the main bedroom and to the rear is the second bedroom, shower room and kitchen which are accessed from 2 steps from the hallway. The hallway has laminate flooring and the décor is bright and fresh. A storage cupboard is located at the end of the hall and is ideal as storage and a place to hang coats and shoes. The living room is entered from a fully glazed door which allows plenty of light into the hallway and has 2 large windows looking out to the front of the property with views to the sea where you can watch the passing ships. The flooring is laminate and the décor is bright and neutral. The main bedroom is a large double bedroom and is also looking out to the front of the property with views to the sea and has a gray carpet and bright décor. The second bedroom is accessed up 2 steps and also a double bedroom and has a window looking out to the back of the property. The shower room is spacious consisting of a large shower cubicle with an electric shower, a toilet and wash hand basin both in white enamel. The walls are fully tiled in a peach-coloured tile. The kitchen is a good space with plenty of room for a table and chairs. There are plenty of wall mounted and floor mounted kitchen units for storage and has an integrated electric cooker and stainless steel sink unit. There is space for a fridge freezer and fittings for a washing machine. The Worcester central heating boiler is mounted in the kitchen.  A door way leads out to the back of the building where there is a storage out-building. Access to the side of the property can be made from here.

Innellan lies approximately 4 miles south of Dunoon on the Cowal Peninsula overlooking the Firth of Clyde and offers local facilities including Pub/restaurants, Post Office/Village Store all within a short walking distance of the flat. A full range of leisure and retails facilities are available within Dunoon as well as both primary and secondary schooling and also offers frequent passenger and vehicular ferry access to Gourock via both Argyll and Western Ferry terminals. Dunoon is also connected to Glasgow and beyond by road through the stunning location in the area of Loch Lomond and western Scotland. Dunoon draws strong tourist demand, especially for outdoor enthusiasts, with a wide range of outdoor pursuits on the doorstep including golf, walking, cycling, fishing and hill climbing. For sailors, the nearby Holy Loch Marina and Toward Sailing Club are a perfect base to explore the lower Clyde and Kyles of Bute.

Tenure – Freehold

Council Tax Band – A

EPC Rating - C

Agent Details

Scottish Property Centre, Argyll

01369 800338

Next Steps?

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