2 Bed Flat, Single Let, Glasgow, G72 0LB, £84,995

Burnside Crescent, Blantyre, G72 0LB - 1 views - 3 months ago

BTL
ROI: 10%
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£26K - £103K

 

 

Square Metres

~68.11 m²

Value Estimate

£69,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,249

Stamp Duty & Legal Fees

£3,750

Total Cash In

£24,999

 

 

Cash Out

 

Rent Range

£575 - £925

Rent Estimate

£613

Running Costs/mo

£408

Cashflow/mo

£205

Cashflow/yr

£2,457

ROI

10%

Gross Yield

9%

Local Sold Prices

22 sold prices from £26K to £103K, average is £61K.

PriceDateDistanceAddressBeds 
£71K12/210.27 mi168, Glasgow Road, Hamilton, Lanarkshire ML3 0QZ2
£45K03/210.32 mi57, Auchintibber Court, Blantyre, Glasgow, Lanark G72 0YW2
£43K11/210.36 mi261, Glasgow Road, Hamilton ML3 0QG2
£68K10/210.4 mi22, Crawford Street, Hamilton ML3 0QH2
£55K04/210.57 mi39, Holyrood Street, Hamilton, Lanarkshire ML3 0NG2
£50K05/210.61 mi40, George Court, Hamilton, Lanarkshire ML3 9HG2
£62K12/210.63 mi9, George Court, Hamilton ML3 0NX2
£59.5K01/210.68 mi50, King Street, Hamilton, Lanarkshire ML3 9JH2
£26K01/210.69 mi99, Kelvin Gardens, Hamilton, Lanarkshire ML3 9NR2
£60K09/210.69 mi54, Roseberry Place, Hamilton, Lanarkshire ML3 9EP2
£36.3K08/210.69 mi46, Kelvin Gardens, Hamilton, Lanarkshire ML3 9NP2
£67K05/210.7 mi7, Boswell Drive, Blantyre, Glasgow, Lanarkshire G72 0BJ2
£75K09/210.73 mi134, Victoria Street, Blantyre, Glasgow, Lanark G72 0EF2
£66.5K07/210.74 mi8, Livingstone Street, Hamilton ML3 9LW2
£70K08/210.75 mi53, Shawburn Street, Hamilton, Lanarkshire ML3 9DU2
£67K07/210.79 mi104, Kenilworth Crescent, Hamilton ML3 9LT2
£64K04/210.83 mi4, Mayfield Road, Hamilton, Lanarkshire ML3 9LN2
£57.6K05/210.85 mi60, Marswood Green, Hamilton, Lanarkshire ML3 9EE2
£70K10/210.85 mi47, Gordon Road, Hamilton, Lanarkshire ML3 9LG2
£35K09/210.89 mi186, Station Road, Blantyre, Glasgow, Lanarkshire G72 9BT2
£50K11/210.91 mi159, Hill Street, Hamilton, Lanarkshire ML3 9LJ2
£103K12/210.91 mi40, William Street, Hamilton, Lanarkshire ML3 9AX2

Local Rents

13 rents from £575/mo to £925/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£87511/240.01 mi-2
£69510/230.27 mi-2
£60012/240.52 mi-2
£65005/240.53 miGeorge Street, Hamilton, South Lanarkshire, ML32
£72511/230.54 mi-2
£75012/240.54 mi-2
£85005/240.57 mi-2
£85005/240.58 mi-2
£85005/240.58 mi-2
£92503/250.58 mi-2
£87512/240.58 mi-2
£69506/240.58 miCopperwood Court, Hamilton2
£57512/230.59 mi-2

Local Area Statistics

 

 

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £84,995

January 22, 2025

Floor Plans

Description

  • Fantastic First Time Buy +
  • Equally Suited To Rental Investment +
  • Huge Loft With Conversion Potential Subject To Consents +
  • Big Back Garden & Driveway +
  • 2 Large Double Bedrooms +
  • Bright & Spacious Lounge +
  • Modern Kitchen & Shower Room +
  • Gas Central Heating +
  • Double Glazing +
  • Upper Flat In Highly Popular Location - Ideal For Commuting +

Hello, are you a first time buyer or a landlord looking for a big 2 bedroom upper flat in a highly popular area of Blantyre?
Would you like your property to be well placed for commuting with quick access to the East Kilbride Expressway, and local public transport links close by?
What about a property which offers spacious accommodation throughout, and a bright, airy living space, as well as a huge loft space which could be converted subject to obtaining appropriate consents?
How would you like a bright lounge presented in neutral decor with contrasting feature wall, a feature fireplace with electric burner style fire and uplighter wall lights?
Would you be looking for a generous kitchen with a range of modern floor and wall mounted units, light wood worktops, tiled splashback and plenty of space for freestanding white goods?
What about two great size double bedrooms with built in wardrobes, maximising available floorspace for all of your bedroom furniture?
How would you like a recently upgraded shower room, with corner mounted shower cubicle & electric shower, low level WC and pedestal sink, bound with a mix of tile & modern wetwall paneling?
Would you like a big garden to the rear and side of the property, as well as the rare benefit of a driveway for your car?
If so, Igloo has what you're looking for!

For more information or to arrange a viewing on this excellent starter or investment property, call us today!

FULL HOME REPORT AND MORTGAGE VALUATION
The home report information pack includes :
1. Single Survey and Mortgage Valuation -This gives information about the properties current condition, and any problems it has and how urgently they need attention. A generic mortgage valuation report is included which potential buyers can take to their lenders to assist in the arrangement of their mortgage.
2. Energy Performance Certificate : This report will show how "green" the property is and will rate the home A-G for energy efficiency (similar to how fridges and freezers are rated). The report will recommend how to improve the property's energy efficiency.
3. Property Questionnaire : This is completed by the seller, and it shows who the gas and electricity supplier are, the parking arrangements, council tax band, and other useful general information.
A copy of this full report can be made available to any genuinely interested buyers of this property on request.

Where floor plans are used, these are intended for guidance purposes only. Measurements of doors, windows, rooms and any other items are approximate and no responsibility is taken for any error, omission or mis-statement.

Agent Details

Igloo, Hamilton

01698 533984

Next Steps?

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