3 Bed Terraced House, Refurb/BRRR, Ayr, KA8 9AJ, £125,000

2 Northpark Avenue, Ayr, KA8 9AJ - 4 views - 2 months ago

Under Offer
Refurb/BRRR
ROI: 8%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£100K - £220.5K

 

 

Square Metres

~93 m²

Value Estimate

£118,069

 

 

End Value (After Refurb)

£64,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£36,047

Bridging Loan Interest

£3,281

Total Cash In

£77,278

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£64,000

Mortgage (After Refinance)

£48,000

Mortgage LTV

75%

Cash Left In

£77,278

Equity

£16,000

Rent Range

£550 - £1,300

Rent Estimate

£915

Running Costs/mo

£403

Cashflow/mo

£512

Cashflow/yr

£6,144

ROI

8%

Gross Yield

9%

Local Sold Prices

50 sold prices from £100K to £220.5K, average is £170.3K.

PriceDateDistanceAddressBeds 
£153K08/210.09 mi42, Northfield Avenue, Ayr, Ayrshire KA8 9AL3
£205K08/210.09 mi31, Northfield Avenue, Ayr KA8 9AL3
£165K02/240.09 mi28, Northfield Avenue, Ayr, Ayrshire KA8 9AL3
£182K08/240.1 mi57, Northfield Avenue, Ayr KA8 9AW3
£205K08/210.11 mi7, Alexandria Terrace, Ayr, Ayrshire KA8 9AH3
£130K02/240.12 mi7, Britannia Place, Ayr, Ayrshire KA8 9AQ3
£175.5K07/210.13 mi1, Gordon Street, Ayr, Ayrshire KA8 9AT3
£210.2K12/210.13 mi6, Cambuslea Road, Ayr, Ayrshire KA8 9HT3
£178K10/210.14 mi13, Goschen Terrace, Ayr KA8 9HJ3
£150K05/240.14 mi6, Goschen Terrace, Ayr, Ayrshire KA8 9HJ3
£160K04/240.14 mi4, Goschen Terrace, Ayr, Ayrshire KA8 9HJ3
£158K08/210.15 mi10, Union Avenue, Ayr, Ayrshire KA8 9AS3
£161.5K05/240.15 mi63, Mccalls Avenue, Ayr, Ayrshire KA8 9AD3
£186K05/210.16 mi44, Hunters Avenue, Ayr, Ayrshire KA8 9HS3
£220K08/240.17 mi19, Alderston Avenue, Ayr KA8 9BD3
£145K05/210.23 mi17, East Park Road, Ayr, Ayrshire KA8 9JF3
£195K07/210.25 mi28, Falkland Park Road, Ayr, Ayrshire KA8 8LL3
£160K06/210.26 mi14, Falkland Road, Ayr KA8 8LP3
£190K05/240.29 mi13, Tweed Street, Ayr, Ayrshire KA8 9JD3
£196K02/210.29 mi18, Tweed Street, Ayr KA8 9JD3
£209K11/210.3 mi21, Lansdowne Road, Ayr, Ayrshire KA8 8LS3
£200K02/240.3 mi45, Seaforth Road, Ayr, Ayrshire KA8 9BX3
£180K07/210.31 mi9, Ardlui Road, Ayr, Ayrshire KA8 8LU3
£195K06/240.31 mi38, Seaforth Road, Ayr, Ayrshire KA8 9JB3
£138K01/210.35 mi73, New Road, Ayr KA8 8DD3
£200K09/210.36 mi10, Somerset Road, Ayr KA8 9LY3
£107.5K07/210.36 mi14, Somerset Road, Ayr, Ayrshire KA8 9LY3
£160K04/240.38 mi45, Forge Road, Ayr, Ayrshire KA8 9NJ3
£132.5K05/210.38 mi61, Forge Road, Ayr, Ayrshire KA8 9NJ3
£190.2K09/210.38 mi31, Woodfield Road, Ayr, Ayrshire KA8 8LZ3
£145K05/240.41 mi49, Hawkhill Avenue, Ayr, Ayrshire KA8 9JS3
£100K03/210.41 mi21, Annpit Road, Ayr KA8 9DA3
£137.5K04/210.41 mi4, Annpit Road, Ayr, Ayrshire KA8 9DD3
£138K10/210.41 mi54, Annpit Road, Ayr, Ayrshire KA8 9DD3
£158K12/210.43 mi42, Hawkhill Avenue, Ayr, Ayrshire KA8 9JT3
£220K09/210.44 mi42, Ward Road, Ayr KA8 9AZ3
£207K02/240.44 mi44, Ward Road, Ayr, Ayrshire KA8 9AZ3
£178K05/210.45 mi8, Maryfield Place, Ayr, Ayrshire KA8 9DH3
£176.2K04/210.45 mi15, Hawkhill Avenue, Ayr KA8 9JP3
£209K04/240.45 mi35, Kings Park, Ayr, Ayrshire KA8 9NZ3
£150.1K08/210.46 mi135, Prestwick Road, Ayr, Ayrshire KA8 8NJ3
£183K12/210.46 mi8, Edenhall Road, Ayr KA8 9DQ3
£217K08/210.47 mi77, Whitletts Road, Ayr, Ayrshire KA8 0JD3
£127.2K09/210.48 mi29, Annpit Road, Ayr KA8 9DB3
£220.5K05/210.49 mi61, Whitletts Road, Ayr KA8 0JD3
£130.1K11/210.5 mi13, Marchfield Quadrant, Ayr, Ayrshire KA8 8PE3
£155K08/240.5 mi9, Marchfield Quadrant, Ayr KA8 8PE3
£141K08/240.51 mi12, New Road, Ayr KA8 8EX3
£132K08/240.53 mi11, Lindsay Street, Ayr KA8 9QE3
£135K08/240.59 mi101, Green Street, Ayr KA8 8BG3

Local Rents

19 rents from £550/mo to £1.3K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£80009/230.13 mi-3
£1,20006/240.25 miPrestwick Road, Ayr, South Ayrshire, KA83
£55002/250.58 mi-3
£65001/250.89 mi-3
£82505/240.89 miShilliaw Drive, Prestwick, Ayrshire, KA93
£89905/230.9 mi-3
£89908/230.91 mi-3
£1,20004/240.97 miPrestwick - Mcadam Court3
£89504/240.97 mi17 Donnini Court, South beach Road, Ayr, KA7 1JP3
£85005/241.01 miFort Street, Ayr, Ayrshire, KA7 1DG3
£1,30004/241.07 mi149 Adamton Road South, Prestwick, KA9 2BJ3
£1,30006/241.07 mi149 Adamton Road South, Prestwick, KA9 2BJ3
£1,00001/241.1 mi-3
£1,00009/241.1 mi-3
£80003/241.11 mi-3
£89504/241.11 mi1A Cassillis Street, Ayr, KA7 1DN3
£85004/241.12 mi58B Alloway Street3
£77512/231.15 mi-3
£70001/241.16 mi-3

Local Area Statistics

Population in Ayr

66,386

Town centre distance

2.08 miles away

Nearest school

0.50 miles away

Nearest train station

0.28 miles away

 

 

Rental growth (12m)

-24%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £125,000

January 29, 2025

Floor Plans

Description

Stonefield Estate Agents are pleased to present to the market 2 Northpark Avenue - A charming four apartment end terrace cottage situated within an extremely popular residential area on the fringes of Ayr town centre. Although requiring a degree of modernisation throughout, the property boasts expansive room dimensions and a versatile layout over two levels providing purchasers with scope to renovate to their own specifications.

In summary, the property comprises; entrance hall, bright and airy front facing lounge with bay window (could also be utilised as a double bedroom), family / dining room, fitted kitchen with ample base and wall units, storage cupboard and rear hall with WC and courtesy door to the rear garden which completes the ground floor accommodation. Stairs ascend from the hall to the first floor which reveals two more bedrooms plus a family bathroom with bath and shower over. Ensuring comfort all year round, the property is equipped with gas central heating, double glazing and floor coverings throughout.

Externally there is ample on street parking to the front and low maintenance gardens which are laid to lawn, which could be converted to create a driveway subject to relevant permissions. Further enhancing this charming home is the fully enclosed child / pet friendly rear garden which comprises an area of lawn, decorative chips, timber garden sheds plus a useful brick outbuilding for additional storage.

All local amenities are within close proximity including shops and supermarkets, bars and restaurants, highly renowned schooling plus excellent transportation links including Newton-On-Ayr train station. For commuters, the A77 / M77 road network is also easily accessed.

Demand for properties within this sought after location remains extremely buoyant therefore early viewing is recommended.

Dimensions - 
Lounge/Bedroom; 12'7 x 13'8
Lounge Diner; 12'3 x 17'0
Kitchen; 9'2 x 9'4
WC; 2'6 x 4'0
Bedroom; 11'4 x 9'0
Bedroom; 6'9 x 16'7
Bathroom; 7'5 x 4'4

Sat Nav - KA8 9AJ

Agent Details

Stonefield Estate Agents, Ayr

01292 501777

Next Steps?

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

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