3 Bed Terraced House, Refurb/BRRR, Ayr, KA7 3DS, £120,000

75 Lochlea Drive, Ayr, KA7 3DS - 4 views - 2 months ago

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

ValuationFair Value

Sold Prices£92.6K - £330K

 

 

Square Metres

~93 m²

Value Estimate

£120,000

 

 

End Value (After Refurb)

£118,781

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£36,240

Bridging Loan Interest

£3,150

Total Cash In

£75,940

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£118,781

Mortgage (After Refinance)

£89,086

Mortgage LTV

75%

Cash Left In

£75,940

Equity

£29,695

Rent Range

£550 - £1,200

Rent Estimate

£879

Running Costs/mo

£567

Cashflow/mo

£312

Cashflow/yr

£3,744

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £92.6K to £330K, average is £175K.

PriceDateDistanceAddressBeds 
£155K05/240.03 mi35, Glenriddel Road, Ayr, Ayrshire KA7 3HA3
£142.5K12/210.07 mi14, Glenconner Road, Ayr, Ayrshire KA7 3HE3
£210K04/240.12 mi29, St. Phillans Avenue, Ayr, Ayrshire KA7 3DD3
£150K06/210.17 mi1, Orchard Place, Ayr, Ayrshire KA7 3ER3
£130K10/210.2 mi72, Cunningham Crescent, Ayr, Ayrshire KA7 3JB3
£111.8K03/210.2 mi11, Souter Place, Ayr KA7 3EF3
£280K06/240.26 mi11, St. Phillans Avenue, Ayr, Ayrshire KA7 3BZ3
£120K12/210.28 mi44, Armour Drive, Ayr, Ayrshire KA7 3JX3
£315K06/210.3 mi19, Meadowpark Drive, Ayr, Ayrshire KA7 2LH3
£175K02/240.3 mi13, Meadowpark Drive, Ayr, Ayrshire KA7 2LH3
£112K05/240.35 mi144, Caledonia Road, Ayr, Ayrshire KA7 3HR3
£295.1K01/210.36 mi5, Belmont Avenue, Ayr KA7 2JN3
£285K09/210.36 mi29, Meadowpark, Ayr, Ayrshire KA7 2LW3
£196K04/240.37 mi8, Holmston Drive, Ayr, Ayrshire KA7 3JP3
£181K02/240.39 mi2, Morton Avenue, Ayr, Ayrshire KA7 2NQ3
£282.5K08/240.39 mi9, Inverkar Road, Ayr KA7 2JS3
£186.4K05/240.4 mi22, Morton Avenue, Ayr, Ayrshire KA7 2NH3
£330K06/240.41 mi4, Laburnum Road, Ayr, Ayrshire KA7 3JS3
£167K05/210.44 mi10, Masonhill Road, Ayr KA7 3NX3
£325K10/210.45 mi11, Craigston Avenue, Ayr, Ayrshire KA7 3JW3
£286K08/240.46 mi76, Forehill Road, Ayr KA7 3JR3
£94K02/240.47 mi13, Peggieshill Road, Ayr, Ayrshire KA7 3RE3
£163K02/210.51 mi59, Alder Bank, Ayr KA7 3NU3
£175K05/240.51 mi26, Alder Bank, Ayr, Ayrshire KA7 3NU3
£178.5K05/240.53 mi48, Ballantine Drive, Ayr, Ayrshire KA7 2RG3
£134.5K03/210.54 mi2, Craigie Way, Ayr, Ayrshire KA8 0HJ3
£108K07/210.54 mi6, Highfield Road, Ayr, Ayrshire KA7 3SF3
£235K02/240.54 mi10, Allenfield Road, Ayr, Ayrshire KA7 3JN3
£126K10/210.54 mi23, Southfield Park, Ayr, Ayrshire KA7 2NU3
£115.7K04/210.54 mi21, Southfield Park, Ayr KA7 2NU3
£144K03/210.56 mi14, Sycamore Crescent, Ayr, Ayrshire KA7 3NS3
£188K05/210.56 mi43, Sycamore Crescent, Ayr KA7 3NS3
£200K03/210.57 mi6, Greentree Park, Ayr, Ayrshire KA7 3SU3
£195K02/240.61 mi84, St. Leonards Road, Ayr, Ayrshire KA7 2PU3
£124K07/210.61 mi147, Craigie Way, Ayr, Ayrshire KA8 0HH3
£120K01/210.61 mi155, Craigie Way, Ayr KA8 0HH3
£146.8K08/210.63 mi55, James Campbell Road, Ayr KA8 0RX3
£115K11/210.63 mi2a, James Campbell Road, Ayr, Ayrshire KA8 0RX3
£107K08/240.63 mi10, James Campbell Road, Ayr KA8 0RX3
£92.6K12/200.63 mi49, James Campbell Road, Ayr KA8 0RX3
£220K08/210.63 mi63, Maple Drive, Ayr, Ayrshire KA7 3QP3
£240.3K07/210.64 mi11, Poplar Way, Ayr, Ayrshire KA7 3PQ3
£178K01/210.64 mi12, Spruce Park, Ayr KA7 3PL3
£200.1K01/210.65 mi8, Ivy Place, Ayr KA7 3PJ3
£170K05/240.65 mi44, Craigie Road, Ayr, Ayrshire KA8 0EZ3
£140K12/210.65 mi37, Fenwickland Avenue, Ayr, Ayrshire KA7 3QB3
£183.5K04/240.66 mi62, Cedar Road, Ayr, Ayrshire KA7 3PG3
£245K06/210.67 mi28, Hawthorn Drive, Ayr, Ayrshire KA7 3TB3
£251.1K09/210.67 mi14, Fothringham Road, Ayr, Ayrshire KA8 0EY3
£145K08/240.68 mi16, Lymburn Place, Ayr KA8 0RT3

Local Rents

16 rents from £550/mo to £1.2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85005/240.03 miGlenriddel Road, Ayr, South Ayrshire, KA73
£89505/240.31 miLarghill Lane, Ayr, South Ayrshire, KA73
£1,20004/240.51 miForest Way, Ayr, Ayrshire, KA73
£79506/240.54 miSouthfield Park, Ayr, South Ayrshire, KA73
£80003/240.6 mi-3
£1,10005/240.65 miBeresford Terrace, Ayr3
£70001/240.72 mi-3
£80007/230.72 mi-3
£85004/240.73 mi58B Alloway Street3
£65001/250.92 mi-3
£1,00001/240.93 mi-3
£1,00009/240.93 mi-3
£80005/240.94 miAYR - Bankfield Park 3
£55002/250.99 mi-3
£85005/241.07 miFort Street, Ayr, Ayrshire, KA7 1DG3
£89504/241.09 mi1A Cassillis Street, Ayr, KA7 1DN3

Local Area Statistics

Population in Ayr

66,386

Town centre distance

0.62 miles away

Nearest school

0.30 miles away

Nearest train station

0.57 miles away

 

 

Rental growth (12m)

-19%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £120,000

January 14, 2025

Floor Plans

Description

Description
Discover the exciting potential of 75 Lochlea Drive, a spacious three bedroom end terrace villa situated in a popular Ayr location. While the property requires modernisation, it offers a fantastic opportunity to create your dream home, blending its existing character with your personal style.

Inside, the spacious reception hall sets the tone for the generous layout. The ground floor features a bright front facing lounge, a modern shower room, and a generous fitted kitchen with convenient access to the rear garden. Upstairs, three well-proportioned bedrooms offer flexible living space, complemented by an attic with a drop-down ladder, ideal for additional storage.

Outside, the rear garden impresses with a large patio area, offering plenty of potential for outdoor entertaining or relaxation. A private driveway and garage complete the property.

With its excellent location and scope for transformation, this property is perfect for buyers seeking to add value and make their mark. Early viewing is highly recommended.

EER - E Local Area
Lochlea Drive links Castlehill Road and Forehill Road and is set within walking distance of first class primary and secondary schooling, the amenities of the town centre and excellent transport links.

Ayr has all the amenities one would expect from a large coastal market town, including schools, shops, restaurants and bars, transport links to Glasgow and beyond, supermarkets and leisure facilities. The A77/M77 road network allows swift commuting via car or bus to surrounding districts and Prestwick International Airport is only around 8 miles distant.
Directions
From our office in Beresford Terrace, continue around the one way system and take the second exit at the roundabout onto Castlehill Road. At the first set of traffic lights turn left into Lochlea Drive and Number 75 can be found on the left hand side.

Agent Details

Corum, Ayr

01292 431247

Next Steps?

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