2 Bed Flat, Refurb/BRRR, Paisley, PA1 1LD, £64,999

32 Anchor Avenue, Paisley, PA1 1LD - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 18%
~68 m²
+14 photos

ValuationFair Value

Sold Prices£43K - £238.5K

 

 

Square Metres

~68.11 m²

Value Estimate

£63,813

 

 

End Value (After Refurb)

£63,998

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Refurb Costs

£26,658

Bridging Loan Interest

£1,706

Total Cash In

£49,514

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£63,998

Mortgage (After Refinance)

£47,998

Mortgage LTV

75%

Cash Left In

£49,514

Equity

£15,999

Rent Range

£650 - £3,050

Rent Estimate

£1,197

Running Costs/mo

£459

Cashflow/mo

£738

Cashflow/yr

£8,851

ROI

18%

Gross Yield

22%

Local Sold Prices

49 sold prices from £43K to £238.5K, average is £90K.

PriceDateDistanceAddressBeds 
£90K07/210.02 mi34, Anchor Avenue, Paisley, Renfrewshire PA1 1LD2
£94.6K07/210.02 mi26, Anchor Avenue, Paisley, Renfrewshire PA1 1LD2
£82K04/210.06 mi102, Anchor Drive, Paisley PA1 1LH2
£105K06/210.15 mi14, Millstream Court, Paisley PA1 1RR2
£94K10/210.15 mi55, Millstream Court, Paisley PA1 1RG2
£90K01/210.15 mi15, Millstream Court, Paisley, Renfrew PA1 1RG2
£74K05/210.17 mi9l, Cyril Street, Paisley, Renfrewshire PA1 1RW2
£91K12/210.39 mi82, Kelburne Oval, Paisley, Renfrewshire PA1 3SX2
£100K10/210.39 mi64, Kelburne Oval, Paisley PA1 3SX2
£115.3K07/210.4 mi25, Kelburne Oval, Paisley, Renfrewshire PA1 3SU2
£92K04/210.43 mi81, Kelburne Oval, Paisley, Ren PA1 3ST2
£115K02/210.47 miFlat 5, Arthur Allison Hall, Whitehaugh Avenue, Paisley, Renfrew PA1 3SS2
£106K03/210.47 mi71, Whitehaugh Avenue, Paisley, Renfrewshire PA1 3SS2
£135K10/210.5 mi23, Whitehaugh Drive, Paisley PA1 3PG2
£70K04/210.5 mi9, Lawn Street, Paisley PA1 1HA2
£55K04/210.52 mi50a, Saucelhill Terrace, Paisley, Renfrewshire PA2 6SZ2
£100K07/210.56 mi17, Greenlaw Crescent, Paisley, Renfrewshire PA1 3RS2
£108K10/210.56 mi8, Greenlaw Crescent, Paisley, Renfrewshire PA1 3RS2
£43K10/210.6 mi101, Greenlaw Crescent, Paisley PA1 3RT2
£120K09/210.62 mi26, Barshaw Drive, Paisley, Renfrewshire PA1 3SG2
£82K12/210.69 mi38, Netherhill Road, Paisley, Renfrewshire PA3 4RQ2
£138K02/240.7 mi10, Church Hill, Paisley, Renfrewshire PA1 2DA2
£120K02/240.7 mi59, Barshaw Drive, Paisley, Renfrewshire PA1 3UA2
£90K06/210.71 mi21, Stock Avenue, Paisley, Renfrewshire PA2 6AS2
£88.5K04/210.71 mi58, Stock Avenue, Paisley PA2 6AS2
£85K08/210.71 mi120, Gallowhill Road, Paisley, Renfrewshire PA3 4TY2
£66K10/210.72 mi10, Lylesland Court, Paisley, Renfrewshire PA2 6RR2
£70K11/210.72 mi3, Lylesland Court, Paisley, Renfrewshire PA2 6RR2
£75K04/210.74 mi19, Belmont Road, Paisley, Renfrewshire PA3 4TT2
£127.2K02/210.76 mi129, Arkleston Road, Paisley PA1 3TY2
£136.5K07/210.76 mi109, Arkleston Road, Paisley, Renfrewshire PA1 3TY2
£63K05/240.78 mi86, Netherhill Road, Paisley, Renfrewshire PA3 4RW2
£64K08/240.78 mi10d, Rowan Court, Paisley, Ren PA2 6NB2
£68K06/210.81 mi101, Netherhill Road, Paisley, Renfrewshire PA3 4RN2
£65K11/210.81 mi3e, Calside Court, Paisley, Renfrewshire PA2 6DS2
£82K08/210.81 mi73, Crags Avenue, Paisley, Renfrewshire PA2 6SG2
£161K05/210.82 mi20/1, Oakshaw Street East, Paisley, Renfrewshire PA1 2DD2
£88K03/210.82 mi42, Lochfield Drive, Paisley, Renfrewshire PA2 6SB2
£75K10/210.83 mi36, Bruce Road, Paisley PA3 4SJ2
£53.5K04/240.83 mi20, Bruce Road, Paisley, Renfrewshire PA3 4SJ2
£68K04/210.83 mi80b, Alice Street, Paisley, Renfrewshire PA2 6DZ2
£238.5K11/210.84 mi5, High Calside, Paisley, Renfrewshire PA2 6BY2
£101.3K05/210.87 mi17, Carriagehill Avenue, Paisley, Renfrewshire PA2 6LA2
£167.5K10/210.87 mi41, Marchbank Gardens, Paisley, Renfrewshire PA1 3JD2
£95K09/210.88 mi3, Lochfield Crescent, Paisley, Renfrewshire PA2 6QR2
£62K07/210.88 mi142, Netherhill Road, Paisley, Renfrewshire PA3 4SB2
£62K02/210.88 mi118, Netherhill Road, Paisley, Renfrewshire PA3 4SB2
£62.5K09/210.89 mi20, Marjory Drive, Paisley, Renfrewshire PA3 4TB2
£92K04/210.9 mi125, Ellon Way, Paisley, Renfrewshire PA3 4BQ2

Local Rents

51 rents from £650/mo to £3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,10006/240.04 mi-2
£65006/240.06 miAnchor Drive, Paisley, Renfrewshire, PA12
£1,40006/240.08 mi-2
£85006/240.09 mi-2
£65007/240.12 miSeedhill Road, Paisley, PA12
£89510/240.15 mi-2
£89510/240.15 mi-2
£79506/240.15 miMillstream Court, Paisley, Renfrewshire, PA12
£80008/240.15 miMillstream Court, Paisley2
£1,10006/240.16 mi-2
£1,07506/240.16 mi-2
£1,07506/240.16 mi-2
£1,07510/240.16 mi-2
£1,07501/250.16 mi-2
£1,05003/250.16 mi-2
£78006/240.17 mi-2
£69502/250.18 mi-2
£80010/240.18 mi-2
£1,30006/240.18 mi-2
£69506/240.21 miBank Street, Paisley, Renfrewshire, PA12
£3,05006/240.22 mi-2
£2,55006/240.22 mi-2
£2,80007/240.22 mi-2
£3,05009/240.22 mi-2
£2,80009/240.22 mi-2
£3,05011/240.22 mi-2
£2,80002/250.22 mi-2
£90006/240.22 mi-2
£65008/240.22 mi-2
£79506/240.24 miCrossflat Crescent, Paisley2
£82007/240.24 miCrossflat Crescent, Paisley2
£90005/240.25 mi-2
£85006/240.27 mi-2
£75003/250.28 mi-2
£85008/240.28 mi-2
£79503/250.29 mi-2
£85002/250.34 mi-2
£1,35006/240.35 miThread Street, Paisley, Renfrewshire, PA12
£1,20007/240.35 miAnchor Mill, Paisley2
£87506/240.36 mi-2
£87502/250.36 mi-2
£90005/240.37 mi-2
£80006/240.39 miGlasgow Road, Paisley2
£81002/250.39 mi-2
£1,05003/240.42 miGreenlaw Avenue, Paisley, Renfrewshire, PA12
£89507/240.42 miGlasgow Road, Paisley, Renfrewshire, PA12
£1,00006/240.45 miGreenlaw Avenue, Paisley2
£95006/240.45 miGreenlaw Avenue, Paisley, Renfrewshire, PA12
£87502/240.47 mi-2
£92508/240.48 miSaucel Place, Paisley, Renfrewshire, PA12
£95006/240.48 mi-2

Local Area Statistics

Population in Paisley

86,381

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+47%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £64,999

January 29, 2025

Floor Plans

Description

Part Exchange Available! We are delighted to offer for sale this two-bedroom flat, situated on the ground floor in a popular pocket of Paisley. This property would be a fantastic acquisition for either a first-time buyer or a buyer downsizing as its superb spot offers great commuting links, as well as very easy walk to local amenities.

The flat has been well designed to maximise privacy and the natural available light creates a modern ambience. It is in need of some modernisation but is perfect for those looking to put their own stamp on their new home.

A hallway leads to all apartments. The well-proportioned open-plan lounge/kitchen is flooded with natural light from the picture window to the front aspect, also offering a pleasant outlook. The lounge area also has recess space for a table and chairs. The kitchen is fitted with floor and wall-mounted units with the added bonus of a useful breakfast bar. There is plumbed space for free-standing appliances.

The good-sized bedrooms have a range of furniture configurations and space for additional free-standing furniture if required. The three-piece family bathroom suite, with a shower over the bath, completes the accommodation internally.

The flat also benefits from both gas central heating to radiators and double glazing throughout for additional comfort.

Externally, well-tended resident's gardens surround the property and there is ample off-street parking available to the front.

Electricity Supply: Scottish Gas
Water Supply: Scottish water
Sewerage: Scottish water
Broadband / Mobile Coverage: Virgin Media

Agent Details

McEwan Fraser Legal, Edinburgh

0131 381 4292

Next Steps?

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

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