3 Bed Terraced House, Refurb/BRRR, Alloa, FK10 4PA, £96,000

13 Riverside Terrace, Kincardine, FK10 4PA - 31 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 25%
~93 m²
+2 photos

ValuationFair Value

Sold Prices£93.5K - £242K

 

 

Square Metres

~93 m²

Value Estimate

£97,875

 

 

End Value (After Refurb)

£95,938

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,000

Stamp Duty & Legal Fees

£4,080

Refurb Costs

£37,126

Bridging Loan Interest

£2,520

Total Cash In

£69,476

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£95,938

Mortgage (After Refinance)

£71,953

Mortgage LTV

75%

Cash Left In

£69,476

Equity

£23,984

Rent Range

£795 - £3,990

Rent Estimate

£2,206

Running Costs/mo

£761

Cashflow/mo

£1,445

Cashflow/yr

£17,340

ROI

25%

Gross Yield

28%

Local Sold Prices

14 sold prices from £93.5K to £242K, average is £165K.

PriceDateDistanceAddressBeds 
£242K10/210.17 mi9, George Street, Kincardine, Alloa, Fife FK10 4NR3
£195K04/210.18 mi28, Mercer Street, Kincardine, Alloa, Fife FK10 4NL3
£93.5K04/210.18 mi47, Dewar Avenue, Kincardine, Alloa, Fife FK10 4RR3
£165K12/210.26 mi30, High Street, Kincardine, Alloa, Fife FK10 4RJ3
£186K02/210.43 mi79, Kilbagie Street, Kincardine, Alloa, Ffe FK10 4QX3
£126.5K09/210.53 mi9, Tulliallan Terrace, Kincardine, Alloa, Fife FK10 4QA3
£111K04/210.53 mi41, Glebe Road, Kincardine, Alloa, Fife FK10 4QB3
£152.5K02/210.9 mi7, Broomknowe Drive, Kincardine, Alloa, Ffe FK10 4QL3
£165K07/212.1 mi44, Castle Avenue, Airth, Falkirk, Stirling FK2 8GA3
£240K11/212.4 mi5, Shierlaw Gardens, Airth, Falkirk FK2 8RB3
£180K09/212.79 mi26, Mannan Drive, Clackmannan FK10 4SU3
£155K07/212.8 mi1, Ladywood, Clackmannan, Clackmannanshire FK10 4SX3
£203K02/212.81 mi14, Laird's Drive, Chapelhill FK10 4EQ3
£151K06/212.86 mi10, Mercat Place, Clackmannan, Clackmannanshire FK10 4SS3

Local Rents

6 rents from £795/mo to £4K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£3,60002/250.12 mi-2
£79504/240.21 miMercer Street, Kincardine, Alloa2
£3,99002/250.25 mi-3
£2,00003/241.25 miWindyhill Farm Tulliallan, Alloa6
£1,80004/241.25 miWindyhill Farm Tulliallan, Alloa6
£1,05004/242.2 miHigh Street, Airth, Falkirk, FK23

Local Area Statistics

 

 

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £96,000

January 22, 2025

Description

  • SPACIOUS END TERRACED VILLA +
  • THREE DOUBLE BEDROOMS +
  • GENEROUSLY SIZED LOUNGE +
  • DINING KITCHEN +
  • BATHROOM +
  • FRONT & REAR GARDENS +
  • REQUIRES INTERNAL MODERNISATION & UPGRADES +

Three-bedroom end terraced villa ideally situated in Kincardine. This property provides an excellent opportunity for buyers looking to invest in a renovation project, as it does require internal upgrades and modernisation throughout. The property will be sold in its current condition.

Accommodation comprises of; an entrance vestibule with storage cupboard, a generously sized lounge, spacious dining kitchen, three double bedrooms and bathroom. The property benefits from front and rear gardens.

Kincardine is a former fishing village set on the banks of the River Forth. Located between the towns of Alloa and Dunfermline, the village offers plenty of local amenities for everyday needs including a Post Office, supermarket, a variety of eateries and local shops, library and local primary school. Kincardine is close to the road network providing easy access throughout Fife and Clackmannanshire with the Clackmannanshire and Kincardine Bridges providing access across the River Forth to Falkirk and onto the motorway network for the larger cities of Stirling, Glasgow, Edinburgh and Perth.

Agent Details

County Estates, Alloa

01259 235874

Next Steps?

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