3 Bed Bungalow, Refurb/BRRR, Ayr, KA7 3SU, £150,000

Greentree Park, Ayr, South Ayrshire, KA7 3SU - 3 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£75K - £355K

 

 

Square Metres

~93 m²

Value Estimate

£120,000

 

 

End Value (After Refurb)

£122,645

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£36,240

Bridging Loan Interest

£3,938

Total Cash In

£85,128

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£122,645

Mortgage (After Refinance)

£91,983

Mortgage LTV

75%

Cash Left In

£85,128

Equity

£30,661

Rent Range

£700 - £1,450

Rent Estimate

£939

Running Costs/mo

£591

Cashflow/mo

£348

Cashflow/yr

£4,175

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £75K to £355K, average is £175K.

PriceDateDistanceAddressBeds 
£200K03/210 mi6, Greentree Park, Ayr, Ayrshire KA7 3SU3
£139K06/240.12 mi122, Dalmellington Road, Ayr, Ayrshire KA7 3PS3
£245K06/210.13 mi28, Hawthorn Drive, Ayr, Ayrshire KA7 3TB3
£108K07/210.22 mi6, Highfield Road, Ayr, Ayrshire KA7 3SF3
£94K02/240.22 mi13, Peggieshill Road, Ayr, Ayrshire KA7 3RE3
£220K08/210.29 mi63, Maple Drive, Ayr, Ayrshire KA7 3QP3
£91K06/240.36 mi16, Primrose Park, Ayr, Ayrshire KA7 3XF3
£120K08/210.37 mi2, Bankfield Park, Ayr KA7 3UD3
£178K01/210.37 mi12, Spruce Park, Ayr KA7 3PL3
£112K05/240.38 mi144, Caledonia Road, Ayr, Ayrshire KA7 3HR3
£167K05/210.38 mi10, Masonhill Road, Ayr KA7 3NX3
£111.8K03/210.39 mi11, Souter Place, Ayr KA7 3EF3
£120K12/210.42 mi44, Armour Drive, Ayr, Ayrshire KA7 3JX3
£102K10/210.43 mi11, Cranesbill Court, Ayr KA7 3YN3
£183.5K04/240.43 mi62, Cedar Road, Ayr, Ayrshire KA7 3PG3
£285K09/210.44 mi29, Meadowpark, Ayr, Ayrshire KA7 2LW3
£135K10/210.44 mi63, Fenwickland Avenue, Ayr KA7 3QD3
£90K04/210.46 mi33, Heather Park, Ayr KA7 3XL3
£127.5K06/240.46 mi77, Fenwickland Avenue, Ayr, Ayrshire KA7 3QD3
£130K10/210.47 mi72, Cunningham Crescent, Ayr, Ayrshire KA7 3JB3
£140K12/210.48 mi37, Fenwickland Avenue, Ayr, Ayrshire KA7 3QB3
£315K06/210.48 mi19, Meadowpark Drive, Ayr, Ayrshire KA7 2LH3
£175K02/240.48 mi13, Meadowpark Drive, Ayr, Ayrshire KA7 2LH3
£200.1K01/210.48 mi8, Ivy Place, Ayr KA7 3PJ3
£240.3K07/210.49 mi11, Poplar Way, Ayr, Ayrshire KA7 3PQ3
£75K08/210.5 mi9, Cornhill, Ayr, Ayrshire KA7 3YF3
£142.5K12/210.5 mi14, Glenconner Road, Ayr, Ayrshire KA7 3HE3
£186.4K05/240.5 mi22, Morton Avenue, Ayr, Ayrshire KA7 2NH3
£163K02/210.54 mi59, Alder Bank, Ayr KA7 3NU3
£175K05/240.54 mi26, Alder Bank, Ayr, Ayrshire KA7 3NU3
£155K05/240.54 mi35, Glenriddel Road, Ayr, Ayrshire KA7 3HA3
£227.5K09/210.56 mi16, Maybole Road, Ayr, Ayrshire KA7 2QA3
£144K03/210.56 mi14, Sycamore Crescent, Ayr, Ayrshire KA7 3NS3
£188K05/210.56 mi43, Sycamore Crescent, Ayr KA7 3NS3
£181K02/240.56 mi2, Morton Avenue, Ayr, Ayrshire KA7 2NQ3
£110.6K11/210.58 mi112, Kincaidston Drive, Ayr, Ayrshire KA7 3XU3
£126K10/210.58 mi23, Southfield Park, Ayr, Ayrshire KA7 2NU3
£115.7K04/210.58 mi21, Southfield Park, Ayr KA7 2NU3
£195K02/240.6 mi84, St. Leonards Road, Ayr, Ayrshire KA7 2PU3
£286K08/240.62 mi76, Forehill Road, Ayr KA7 3JR3
£150K06/210.63 mi1, Orchard Place, Ayr, Ayrshire KA7 3ER3
£330K06/240.64 mi4, Laburnum Road, Ayr, Ayrshire KA7 3JS3
£196K04/240.66 mi8, Holmston Drive, Ayr, Ayrshire KA7 3JP3
£325K10/210.67 mi11, Craigston Avenue, Ayr, Ayrshire KA7 3JW3
£210K04/240.68 mi29, St. Phillans Avenue, Ayr, Ayrshire KA7 3DD3
£225K08/240.69 mi6, Laughlanglen Road, Ayr KA7 4RW3
£235K02/240.69 mi10, Allenfield Road, Ayr, Ayrshire KA7 3JN3
£355K07/210.7 mi3, Longbank Drive, Ayr, Ayrshire KA7 4SB3
£280K09/210.72 mi16, Cherryhill Road, Ayr KA7 4TE3
£245K01/210.72 mi11, Cherry Hill Road, Ayr KA7 4TE3

Local Rents

10 rents from £700/mo to £1.4K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£1,20004/240.06 miForest Way, Ayr, Ayrshire, KA73
£89505/240.29 miLarghill Lane, Ayr, South Ayrshire, KA73
£80005/240.37 miAYR - Bankfield Park 3
£80007/230.44 mi-3
£85005/240.54 miGlenriddel Road, Ayr, South Ayrshire, KA73
£79506/240.58 miSouthfield Park, Ayr, South Ayrshire, KA73
£1,45009/230.98 mi-3
£80003/241.03 mi-3
£1,10005/241.14 miBeresford Terrace, Ayr3
£70001/241.23 mi-3

Local Area Statistics

Population in Ayr

66,386

Town centre distance

0.38 miles away

Nearest school

0.30 miles away

Nearest train station

1.11 miles away

 

 

Rental growth (12m)

-19%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £150,000

January 29, 2025

Floor Plans

Description

*CLOSING DATE SET TUESDAY 18TH FEBRUARY AT 12PM*

An excellent opportunity to acquire a 3 bed detached bungalow, close to all the amenities of Ayr and excellent primary and secondary schooling. This home provides generous living all on one level.

In more detail, the internal accommodation extends to a bright entrance hall, spacious lounge to the rear of the property, fully fitted kitchen with storage cupboard in the rear porch and access to the garden. 3 generous double bedrooms and family bathroom. The all on one level accommodation makes the layout of the property extremely flexible

Externally the property sits on an amazing corner plot with a fully private rear garden. To the front and side, the garden is mainly chipped with garage and off-street parking to the side and rear.

This property will need a degree of modernisation throughout. Viewing is highly recommended to appreciate this bungalow and location..

Ayr is a well-established sea side town, with many amenities of Ayr seafront and excellent primary, secondary schooling, Golf Courses. Ayr also offers great travel links by road or rail to Glasgow and Kilmarnock.

EER F

Agent Details

Slater Hogg & Howison, Ayr

01292 431493

Next Steps?

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

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