2 Bed Bungalow, Refurb/BRRR, FK5 4NF £198,000

28 Stirling Road, Larbert, Stirlingshire, FK5 4NF - 2 views - 10 months ago
Refurb/BRRR
ROI: 3%
66 m²
Property image

ValuationOvervalued

Sold Prices£87K - £347K
Sold Prices/m²£1.7K/m² - £3.4K/m²

 

 

Square Metres

66 m²
Price/m²£3K/m²

Value Estimate

£145,874

 

 

End Value (After Refurb)

£182,710

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£49,500

Stamp Duty & Legal Fees

£12,560

Refurb Costs

£25,832

Bridging Loan Interest

£5,198

Total Cash In

£94,840

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£182,710

Mortgage (After Refinance)

£137,032

Mortgage LTV

75%

Cash Left In

£94,840

Equity

£45,678

Rent Range

£450 - £3,495

Rent Estimate

£1,069

Running Costs/mo

£805

Cashflow/mo

£264

Cashflow/yr

£3,171

ROI

3%

Gross Yield

6%

Local Sold Prices

32 sold prices from £87K to £347K, average is £153.8K. £1.7K/m² to £3.4K/m², average is £2.2K/m².

Price
Date
Distance
Address
Beds
 
£212.3K04/250.13 mi28, Stirling Road, Larbert FK5 4NF2
£152.5K02/250.2 mi10, Union Place, Larbert FK5 4AD2
£152.5K02/250.2 mi10, Union Place, Larbert FK5 4AD2
£120K11/210.29 mi29, Forth Avenue, Larbert, Stirlingshire FK5 4NJ2
£247K12/210.31 mi17, Torlea Place, Larbert, Clackmannanshire FK10 1RL2
£170K06/250.32 mi35, Torlea Place, Larbert FK5 4QY2
£170K06/250.32 mi35, Torlea Place, Larbert FK5 4QY2
£122K12/210.41 mi39, Sir William Wallace Court, Larbert FK5 4GA2
£251.4K05/250.42 mi196, Muirhall Road, Larbert FK5 4RF2
£145K12/240.42 mi40, Sir William Wallace Court, Larbert FK5 4GA2
£145K12/240.42 mi40, Sir William Wallace Court, Larbert FK5 4GA2
£249.5K12/210.43 mi13, East Drive, Larbert, Stg FK5 3EL2
£112.8K02/230.44 mi26, Sir William Wallace Court, Larbert FK5 4GA2
£140K02/230.47 mi28, Sarti Terrace, Larbert FK5 4TD2
£170.6K07/210.56 mi7, Queens Drive, Larbert FK5 4BE2
£135K03/230.56 mi2, Valeview, Larbert FK5 3JE2
£347K08/250.57 mi51 Culcreuch, Beech Crescent, Larbert FK5 3EX2
£160K12/240.62 mi7, Queens Court, Larbert FK5 4BS2
£140K08/250.65 mi30, Valeview, Larbert FK5 3BX2
£87K06/210.66 mi47, Valeview, Stenhousemuir, Larbert FK5 3BX2
£136.5K12/240.67 mi47, Valeview, Larbert FK5 3BX2
£155.1K11/240.71 mi479, Main Street, Larbert FK5 4EX2
£197.5K12/240.71 mi28, Armour Mews, Larbert FK5 4FF2
£140K04/230.71 mi7, Mclaren Court, Larbert FK5 3DB2
£245K04/230.72 mi81, Stirling Road, Larbert FK5 4SQ2
£196K12/240.75 mi7, Elm Grove, Larbert FK5 3LP2
£158K12/240.77 mi64, Valeview, Stenhousemuir FK5 3BZ2
£168K07/250.86 mi72, Tryst Road, Stenhousemuir FK5 4QH2
£143.5K11/240.87 mi54, Tryst Road, Stenhousemuir FK5 4QH2
£210K05/230.87 mi110, Tryst Road, Larbert FK5 4QJ2
£150K09/210.98 mi21, Jamieson Avenue, Stenhousemuir, Larbert, Stirlingshire FK5 4TX2
£120K06/210.98 mi31, Jamieson Avenue, Stenhousemuir, Larbert, Stirlingshire FK5 4TX2

Local Rents

30 rents from £450/mo to £3.5K/mo, average is £810/mo.

Rent
Date
Distance
Address
Beds
 
£70008/250.12 miCampbell Drive, Larbert, Falkirk, FK52
£77504/240.14 mi-2
£85011/250.14 mi-2
£82005/250.14 mi-2
£89504/250.15 mi-2
£89506/250.15 mi-2
£89506/250.15 miPretoria Road, Larbert, FK52
£55008/250.21 miMain Street, Larbert, Falkirk, FK52
£1,35012/240.21 mi-2
£1,40002/250.21 mi-2
£1,10005/250.21 mi-2
£73008/250.25 miFlat 3, 1 Robert Breton Court2
£92508/250.25 miRobert Breton Court, Larbert, FK52
£92508/250.25 miRobert Breton Court, Larbert, FK52
£69506/240.26 mi-2
£49508/250.29 miMuirhall Road, Larbert2
£79505/250.29 mi-2
£3,49512/240.32 miFalcon Drive, Larbert, Stirlingshire, FK52
£1,29507/250.37 miSouth Broomage Avenue, Larbert, Stirlingshire, FK52
£75005/250.41 miSir William Wallace Court, Larbert2
£79506/250.41 miSir William Wallace Court, Larbert, FK52
£80007/250.41 miSir William Wallace Court, Larbert, Falkirk, FK52
£87508/250.41 miSir William Wallace Court, Larbert2
£85009/250.41 miSir William Wallace Court, Larbert, FK52
£69504/240.41 miSir William Wallace Court, Larbert, Stirlingshire, FK52
£67504/240.42 miSir William Wallace Court, Larbert, FK52
£59508/250.42 miSir William Wallace Court, Larbert, Stirlingshire, FK52
£45008/250.43 miSir William Wallace Court, Larbert2
£85006/250.49 miLarbert ,2
£47508/250.55 miELIZABETH AVENUE, Larbert, Stirlingshire, FK52

Local Area Statistics

 

 

Rental growth (12m)

-13%

Sales demand

Seller's market

Capital growth (5yrs)

+44%

Property History

Listed for £198,000

January 28, 2025

Floor Plans

Property image

Description

  • Rarely available, extended, semi-detached bungalow in need of general modernisation +
  • Bright and spacious lounge to the front boasting a feature bay window +
  • 2 double bedrooms +
  • Fitted breakfasting kitchen +
  • Sunroom to the rear overlooking the rear garden +
  • Shower room with electric corner shower +
  • Fully floored loft +
  • Gas central heating, double glazing and ample storage +
  • Literally a minutes' walk away from Larbert main street and train station +
  • Excellent motorway, bus and rail links to Glasgow, Edinburgh, Falkirk, Stirling & the North +

*CLOSING DATE MONDAY FEBRUARY 10th @ 2pm*

Gillespie Property are delighted to present this rarely available, extended, 2 bed semi-detached bungalow situated in a popular area. The home sits on a generous plot and has an abundance of potential both inside and out. Perfect for those looking to put the own stamp on the home!

Accommodation comprises: Entrance vestibule, welcoming hallway, generous lounge with a bay window to the front, 2 double bedrooms, shower room with electric shower, generous breakfasting kitchen with access to the fully floored loft via a cupboard and a bright sunroom off the kitchen to the rear overlooking the rear garden.

The home benefits from gas central heating, double glazing and excellent storage throughout.

Externally there is a mono-blocked driveway to the side accessed via a wrought iron fence and an area laid to lawn. To the rear the garden is fully enclosed with an abundance of potential.

The local area has a wide range of amenities including a Fitness Centre, Asda, 24-hour petrol station & shop, restaurants, takeaways, bars, specialist shops, a B & M garden store and a Tim Hortons coffee & bake shop drive-thru along with a further village main street with a good range of shops.

For schooling Larbert Village Primary School is within a few minutes walk and Larbert High School is just over a mile away. For further education Stirling University is a 10-15-minute drive away, Forth Valley College is within a 5-minute drive away along with a host of Colleges & Universities in Glasgow & Edinburgh.

Access to bus/train (Larbert Train Station being within a 2-3 minute walk)/motorway links heading to Glasgow, Edinburgh, Stirling, the North & Falkirk town centre are all close-by with a wider range of shops including the excellent Falkirk retail park.

Tax Band: D

EPC: D

Viewing

By appointment through Agent

Entry:

Negotiable.

Whilst these particulars are believed to be correct, they are not guaranteed by the selling agents and do not form part of any contract of sale

NO UPFRONT FEES when selling your home INCLUDING your HOME REPORT!
PAY NOTHING until your home is SOLD!

Agent Details

Gillespie Property, Stenhousemuir

01324 557776

Next Steps?

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