2 Bed Flat, Refurb/BRRR, Glasgow, G66 2HX, £49,995

Hillhead Road, Kirkintilloch, G66 2HX - 2 views - 2 months ago

Sold STC
Cash
Refurb/BRRR
ROI: 9%
~68 m²
+11 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,499

Stamp Duty & Legal Fees

£2,700

Refurb Costs

£26,720

Bridging Loan Interest

£1,312

Total Cash In

£44,981

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£65,589

Mortgage (After Refinance)

£49,192

Mortgage LTV

75%

Cash Released

£11,696

Cash Left In

£33,286

Equity

£16,397

Rent Range

£595 - £850

Rent Estimate

£723

Running Costs/mo

£370

Cashflow/mo

£353

Cashflow/yr

£4,236

ROI

9%

Gross Yield

17%













Local Rents

20 rents from £595/mo to £850/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£75004/240.07 mi29 John Street, Kirkintilloch, G66 2HE2
£69512/240.14 mi-2
£59503/230.22 mi-2
£85002/250.23 mi-2
£62504/240.32 miLionbank, Kirkintilloch2
£72512/240.32 miLion Bank, Kirkintilloch2
£70012/240.35 miElm Bank, Kirkintilloch2
£85004/240.37 miWillowbank Gardens, Kirkintilloch, Glasgow2
£65001/250.4 mi-2
£75004/240.41 mi9 Freelands Place2
£75004/240.42 mi33 Broomfield Walk, Kirkintilloch, G66 3AH2
£75004/240.46 miCowgate, Kirkintilloch, G662
£69512/240.52 miFlat 1/1, 16 Loch Road, Kirkintilloch, G66 3EF2
£75004/230.54 mi-2
£79512/240.54 miRose Street , Kirkintilloch, Glasgow2
£69504/240.55 miThistle Street, Kirkintilloch, Glasgow2
£65004/240.55 miKerr Street, Kirkintilloch, Glasgow, G66 1LF2
£75004/240.57 miQueen Street, Kirkintilloch, Glasgow2
£70004/240.59 miDonaldson Street, Kirkintilloch, Glasgow, G66 1XB2
£72512/240.61 mi-2

Local Area Statistics

 

 

Rental growth (12m)

-6%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £49,995

January 28, 2025

Description

  • Ground Floor Flat +
  • In need of Improvements/Works +
  • Great Opportunity for Cash Investor +
  • Lounge/Dining +
  • Kitchen +
  • Two Bedrooms +
  • Bathroom +
  • Gardens to Front & Rear +
  • Double Glazing +
  • Walking Distance of Local Amenities +

Spacious ground floor two bedroom apartment in need or renovation/upgrade, located within the commuter town of Kirkintilloch. This property is being Sold as Seen and is a fabulous opportunity for a Cash Buyer Investor/DIY enthusiast wishing to showcase their skills.

Access to the property is gained via communal gate, steps and pathway. The main entrance door is the first door on the right handside. On entering the property, you gain access to a hallway, with doors opening onto the lounge, kitchen, bedroom and bathroom. Within the hallway there is cupboard housing the boiler as well as offering storage space.

Well-proportioned lounge located to the front of the property, with brick effect fireplace. Ample space for sofa, table and chairs if required. Windows offering natural light into the lounge area. Door opens onto bedroom two.

Fitted kitchen with wall and base units. Sink and drainer. Electric cooker. Window overlooking the front garden. The kitchen would benefit from being replaced with a new kitchen.

Spacious master bedroom, which is located to the rear of the property, has ample space for a king size bed and free-standing furniture. Fitted wardrobe and cupboard. Window overlooking garden area.

Bedroom two is accessed from the lounge and offers ample space for a double bed and free-standing bedroom furniture. Window overlooking rear garden.

The bathroom, which is located at the side of the building, currently has a bath, wc and basin. The bathroom would benefit from being replaced with a new bathroom suite and a new floor.

Externally you will find garden areas to front and rear, both accessed via communal pathway.

ADDITIONAL INFORMATION -
The property form suitable security for mortgage purposes, subject to individual lenders policies on the essential repairs detailed in the Home Report. If this property is of interest to you and you require a mortgage, please can you confirm with your lender that they will lend on this property prior to viewing.

EPC - D

Council Tax - B

Viewings Strictly by appointment

360 Video walk through & Home Report available on request.

Kirkintilloch offers a wide range of amenities including cafes, bars, restaurants, banks, shops, beauticians, hairdresser/barbers, supermarkets, medical centres, chemists, library, post office and schooling. Marina and Woodhead Park. Access to good bus and rail transport links to Glasgow, with Lenzie Train Station being approx. 2.2 miles from the property.

Agent Details

Harley Estate Agents, Covering Scotland

07938 566969

Next Steps?

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