2 Bed Terraced House, Refurb/BRRR, Glasgow, G20 6JA, £235,000

Tillie Street, Kelvinside, Glasgow, G20 6JA - 3 views - 3 months ago

Under Offer
Refurb/BRRR
ROI: 6%
~68 m²
+17 photos

ValuationOvervalued

Sold Prices£70K - £538.5K

 

 

Square Metres

~68.11 m²

Value Estimate

£176,750

 

 

End Value (After Refurb)

£226,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Refurb Costs

£26,658

Bridging Loan Interest

£6,169

Total Cash In

£101,577

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£226,250

Mortgage (After Refinance)

£169,688

Mortgage LTV

75%

Cash Left In

£101,577

Equity

£56,563

Rent Range

£825 - £4,250

Rent Estimate

£1,542

Running Costs/mo

£1,035

Cashflow/mo

£507

Cashflow/yr

£6,079

ROI

6%

Gross Yield

8%

Local Sold Prices

50 sold prices from £70K to £538.5K, average is £133.5K.

PriceDateDistanceAddressBeds 
£395.5K12/210.08 mi11, Yarrow Gardens Lane, Glasgow G20 6RZ2
£138K03/210.74 mi27, Monar Street, Glasgow G22 5EQ2
£165K02/210.91 mi28, Whitworth Drive, Ruchill, Glasgow G20 9JG2
£170.2K11/211.04 mi5, Parkbrae Gate, Glasgow G20 9PJ2
£162.3K07/211.05 mi4, Parkbrae Drive, Glasgow G20 9PN2
£238.6K09/211.06 mi23, Carfrae Street, Glasgow G3 8SA2
£130K07/211.3 mi6, Strachur Place, Glasgow G22 6PU2
£70K12/211.32 mi145, Broadholm Street, Glasgow G22 6SN2
£152.1K04/211.33 mi120, Walnut Road, Glasgow G22 6HB2
£122.5K05/211.33 mi46, Strachur Crescent, Glasgow G22 6RE2
£145K12/201.33 mi44, Strachur Crescent, Glasgow, Gla G22 6RE2
£132K04/211.33 mi95, Mclaren Crescent, Glasgow G20 0LD2
£538.5K03/211.35 mi47, Strachur Crescent, Glasgow G22 0BN2
£136K08/211.37 mi17, Strachur Grove, Glasgow G22 6PY2
£130K09/211.37 mi2, Strachur Grove, Glasgow, Gla G22 6PY2
£137K07/211.37 mi14, Strachur Grove, Glasgow G22 6PY2
£107.5K11/211.47 mi29, Skirsa Street, Glasgow G23 5AJ2
£205K04/211.48 mi36, Tibbermore Road, Glasgow G11 7QG2
£385K12/211.48 mi10, Endfield Avenue, Glasgow G12 0JX2
£167.8K05/211.56 mi24, Craigiehall Place, Glasgow G51 1TN2
£165K04/211.59 mi126, Millhouse Drive, Glasgow G20 0UF2
£183.5K11/211.59 mi158, Millhouse Drive, Glasgow G20 0UF2
£155K11/211.59 mi100, Millhouse Drive, Glasgow G20 0UF2
£165K02/211.65 mi26, Millhouse Drive, Glasgow G20 0UE2
£136K11/211.65 mi122, Paisley Road West, Glasgow, Gla G51 1JT2
£160K06/211.65 mi13, Millhouse Drive, Glasgow G20 0UE2
£170K08/211.68 mi32, Millhouse Crescent, Glasgow G20 0UD2
£250K12/211.71 mi104, Weymouth Drive, Glasgow G12 0EN2
£155K03/211.76 mi12, Broughton Drive, Glasgow G23 5JZ2
£85K10/211.77 mi29, Torogay Street, Glasgow G22 7RA2
£84K12/211.79 mi31, Torogay Street, Glasgow G22 7RA2
£78K03/211.79 mi63, Torogay Street, Glasgow G22 7RA2
£90.1K09/211.79 mi89, Torogay Street, Glasgow G22 7RA2
£80K03/211.8 mi26, Egilsay Place, Glasgow G22 7NX2
£87.5K02/211.81 mi15, Egilsay Street, Glasgow, Gla G22 7PE2
£88K03/211.82 mi19, Hillswick Crescent, Glasgow G22 7PR2
£110K04/211.84 mi52, Hillswick Crescent, Glasgow G22 7PS2
£84K09/211.84 mi3, Longay Street, Glasgow G22 7PD2
£93K01/211.84 mi5, Longay Place, Glasgow G22 7PB2
£105.6K08/211.87 mi76, Egilsay Street, Glasgow G22 7RG2
£85.8K10/211.89 mi14, Shieldaig Road, Glasgow G22 7PN2
£96.3K06/211.89 mi108, Shieldaig Road, Glasgow G22 7PN2
£95K11/211.9 mi184, Torogay Street, Glasgow G22 7EG2
£110K06/211.91 mi11, Ronay Street, Glasgow G22 7RF2
£91.2K06/211.92 mi54, Harhill Street, Glasgow G51 3NT2
£96.5K10/211.95 mi131, Mingulay Street, Glasgow G22 7ED2
£103K07/211.95 mi113, Mingulay Street, Glasgow G22 7ED2
£165.6K03/211.97 mi31, Pencaitland Place, Glasgow G23 5ND2
£90K01/211.97 mi39, Pencaitland Place, Glasgow, Gla G23 5ND2
£135K12/211.99 mi20, Abercorn Place, Glasgow G23 5BL2

Local Rents

50 rents from £825/mo to £4.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10004/240.08 miNorth Woodside Road, North Kelvinside2
£1,40004/240.1 miRaeberry Street, North Kelvinside2
£1,18004/240.1 mi-2
£1,18004/240.1 miNorth Woodside Road, Glasgow, G202
£1,27004/240.12 miHerbert Street, Kelvinbridge, Glasgow, G202
£92504/240.12 mi25 Herbert Street, Glasgow, G202
£1,20003/250.12 mi-2
£1,24012/240.14 mi-2
£1,16504/240.14 mi-2
£1,39504/240.15 miLansdowne Crescent, Kelvinbridge, Glasgow, G202
£1,49512/240.15 miLansdowne Crescent, Kelvinbridge, Glasgow, G202
£1,39512/240.15 mi-2
£1,30004/240.15 miBelmont Street, Hillhead, Glasgow, G122
£1,20004/240.15 miBelmont Street, West End, Glasgow, G122
£3,83004/240.16 mi-2
£4,25001/250.16 mi-2
£1,27503/250.17 mi-2
£1,44004/240.17 miLyndhurst Gardens, North Kelvinside, Glasgow, G202
£1,27504/240.17 miDryburgh Gardens, North Kelvinside, Glasgow, G202
£1,52004/240.18 miDalmally Street, North Kelvinside, Glasgow, G202
£1,30003/250.18 mi-2
£1,10004/240.18 mi-2
£1,10004/240.18 miNapiershall, Glasgow, G202
£1,20004/240.19 miNapiershall Street, Woodlands, Glasgow, G202
£99505/240.19 mi-2
£1,19512/240.19 mi-2
£1,29504/240.19 mi2 bed unfurnished at Holyrood Crescent, G20 6HJ2
£1,35012/240.19 mi-2
£1,25004/240.2 miGreat Western Road, Kelvinbridge, Glasgow, G42
£1,50004/240.2 mi-2
£1,19004/240.21 miMaryhill Road, Glasgow - Available NOW!2
£1,40004/240.21 miBelmont Crescent, Glasgow, G122
£1,45004/240.22 miMontague Street, Woodlands, Glasgow, G42
£1,20004/240.23 miMontague Street,Glasgow,G42
£1,20003/250.23 mi-2
£1,35005/240.24 mi-2
£1,40012/240.24 mi-2
£1,10011/240.24 mi-2
£1,64502/240.24 mi-2
£1,50001/250.24 mi-2
£1,50004/240.25 miBarrington Drive, Woodlands2
£1,50004/240.25 miWest Princes Street, Kelvinbridge, Glasgow, G42
£1,50004/240.25 mi-2
£1,10004/240.26 miFergus Drive, North Kelvinside2
£1,00004/240.26 miWest Princes Street, Woodlands2
£82504/240.26 miSeamore Street, St Georges Cross2
£1,20002/250.26 mi-2
£1,50004/240.27 miBarrington Drive, Woodlands2
£3,83004/240.27 mi-2
£3,83004/240.27 miBank Street, Glasgow, G122

Local Area Statistics

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £235,000

January 15, 2025

Floor Plans

Description

  • Rarely Available +
  • Two Bedrooms +
  • Conservatory +
  • Close Motorway Links +
  • Sought After Location +
  • Gas central heating +
  • Double Glazing +
  • Excellent Storage +
  • Fantastic Amenities +
  • Mid Terraced +

This is an exceptional opportunity to acquire a rarely available two-bedroom mid-terrace family home located in a popular and particularly convenient residential pocket. Situated in the highly popular Kelvinbridge area this impressive property occupies a quiet West End location yet is exceptionally well placed to take advantage of an enviable selection of local amenities on Great Western Road and Byres Road together with excellent transport links and easy access to The University of Glasgow and The Botanic Gardens.

The property requires a small degree of modernisation however the accommodation in full comprises; a warm and welcoming entrance hallway which leads to the spacious living room. There is a large storage cupboard under the staircase which could also be converted into a downstairs w/c. The kitchen is rear-facing and includes wall and floor-mounted units with a large window overlooking the rear conservatory and garden grounds. The bright and airy conservatory is of a good size and allows access to the garden.

Stairs lead to the upper landing where you are greeted by two double bedrooms, both with integrated storage space and a good-sized shower room comprising a three-piece suite.

Kelvinbridge is fast becoming a West End hotspot with a wide array of independent shops, cafes, bars and restaurants catering for day to day needs and excellent transport links by road and Underground into the City and beyond. Ideally located for a number of amenities including Glasgow Botanic Gardens, Kelvingrove Park, Kelvingrove Art Gallery, nearby Byres Road and Great Western Road offer a variety of shops, bars, restaurants, café and boutiques. Nearby Kelvinbridge Underground provides access to Glasgow's surrounding areas and Glasgow City Centre.

Council Tax Band: D
Tenure: Freehold

Agent Details

Batchelor's Estate Agents, Glasgow

0141 280 2858

Next Steps?

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

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