2 Bed Flat, Single Let, Saltcoats, KA21 5JY, £43,000

Raise Street, Saltcoats, KA21 5JY 5 - 3 months ago

Sold STC
BTL
ROI: 24%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£17.5K - £120K

 

 

Square Metres

~68.11 m²

Value Estimate

£41,188

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£10,750

Stamp Duty & Legal Fees

£2,490

Total Cash In

£13,240

 

 

Cash Out

 

Rent Range

£450 - £750

Rent Estimate

£525

Running Costs/mo

£259

Cashflow/mo

£266

Cashflow/yr

£3,188

ROI

24%

Gross Yield

15%

Local Sold Prices

50 sold prices from £17.5K to £120K, average is £55K.

PriceDateDistanceAddressBeds 
£54K04/210.03 mi52b, Raise Street, Saltcoats, Ayrshire KA21 5JE2
£76.5K10/210.07 mi24, Wellpark Road, Saltcoats, Ayrshire KA21 5LJ2
£34K01/210.07 mi7e, Argyle Road, Saltcoats, Ayrshire KA21 5NG2
£65K07/210.09 mi26b, Gladstone Road, Saltcoats, Ayrshire KA21 5LD2
£33K02/210.12 mi5, Kerr Avenue, Saltcoats, Ayrshire KA21 5PU2
£48K11/210.13 mi12, Springvale Street, Saltcoats, Ayrshire KA21 5LR2
£50.1K01/210.13 mi7, Springvale Street, Saltcoats, Ayr KA21 5LR2
£67K04/210.13 mi11, Springvale Court, Saltcoats KA21 5LY2
£46K01/210.15 mi12, Kerr Avenue, Saltcoats, Ayrshire KA21 5PT2
£65K03/210.16 mi18b, Springvale Place, Saltcoats, Ayrshire KA21 5LS2
£76K01/210.16 mi62, Parkend Road, Saltcoats, Ayrshire KA21 5PJ2
£50K12/210.17 mi23, Sharphill Road, Saltcoats, Ayrshire KA21 5NW2
£54K09/210.17 mi29, Parkend Gardens, Saltcoats, Ayrshire KA21 5PH2
£50K06/210.17 mi36, Parkend Gardens, Saltcoats, Ayr KA21 5PH2
£55K12/210.19 mi43, Kerr Avenue, Saltcoats, Ayrshire KA21 5PS2
£45K11/210.19 mi22, Kerr Avenue, Saltcoats, Ayrshire KA21 5PS2
£50K08/210.21 mi4, Smith Drive, Saltcoats, Ayrshire KA21 5QD2
£120K01/210.21 mi70, Argyle Road, Saltcoats, Ayr KA21 5NE2
£30.7K10/210.23 mi5a, Canal Street, Saltcoats, Ayrshire KA21 5HY2
£35.5K04/210.25 mi76f, Canal Street, Saltcoats, Ayrshire KA21 5HZ2
£70K12/210.26 mi35, Christie Gardens, Saltcoats, Ayrshire KA21 5NQ2
£71K10/210.26 mi9, Christie Gardens, Saltcoats, Ayrshire KA21 5NQ2
£65K06/210.26 mi36, Christie Gardens, Saltcoats, Ayrshire KA21 5NQ2
£75K10/210.27 mi6, Giffen Road, Saltcoats, Ayrshire KA21 5QX2
£17.5K07/210.29 mi3b, Hill Street, Saltcoats, Ayrshire KA21 5ES2
£55K03/210.29 mi13, Townhead Road, Saltcoats, Ayrshire KA21 5PX2
£48K04/210.3 mi114, Lambie Court, Saltcoats, Ayrshire KA21 5NB2
£91K12/210.33 mi115, Sharphill Road, Saltcoats, Ayrshire KA21 5QU2
£41K07/210.34 mi32c, Windmill Street, Saltcoats, Ayr KA21 5EN2
£81.2K03/210.37 mi13a, Eglinton Place, Saltcoats, Ayrshire KA21 5BY2
£56K03/210.4 mi4, Arthurlie Place, Saltcoats, Ayrshire KA21 5BE2
£65K12/210.4 mi2, Galloway Place, Saltcoats, Ayrshire KA21 5BD2
£64K07/210.4 mi8, Galloway Place, Saltcoats KA21 5BD2
£43K02/210.45 mi37, Sidney Street, Saltcoats, Ayr KA21 5DB2
£90K04/210.45 mi18b, Melbourne Road, Saltcoats, Ayrshire KA21 5BZ2
£39K04/210.47 mi8, Stanley Road, Saltcoats, Ayrshire KA21 5BB2
£41.8K04/210.47 mi25, Stanley Road, Saltcoats, Ayrshire KA21 5BB2
£103.5K06/210.48 mi16e, Winton Circus, Saltcoats, Ayrshire KA21 5DA2
£51.5K02/210.51 mi21, Anderson Drive, Saltcoats, Ayr KA21 6AS2
£120K11/210.53 mi35, Montgomerie Crescent, Saltcoats, Ayrshire KA21 5BT2
£115K09/210.53 mi26, Montgomerie Crescent, Saltcoats, Ayr KA21 5BT2
£88K11/210.76 mi8, Lauriston Court, Ardrossan, Ayrshire KA22 8AG2
£70K03/210.87 mi16, Kilmeny Court, Ardrossan, Ayrshire KA22 8DJ2
£66K12/210.87 mi14, Kilmeny Court, Ardrossan, Ayrshire KA22 8DJ2
£57K12/200.94 mi87a, Boglemart Street, Stevenston, Ayr KA20 3JN2
£75.1K06/210.94 mi44, Sinclair Street, Stevenston, Ayrshire KA20 4AN2
£50K12/200.94 mi45, Sinclair Street, Stevenston, Ayr KA20 4AN2
£55K11/210.95 mi20, Hunter Avenue, Ardrossan, Ayrshire KA22 8BD2
£35.5K02/210.97 mi96, Barrie Terrace, Ardrossan, Ayr KA22 8BA2
£35K12/200.99 mi67, Barrie Terrace, Ardrossan, Ayrshire KA22 8AZ2

Local Rents

17 rents from £450/mo to £750/mo, average is £575/mo.

RentDateDistanceAddressBeds 
£62507/240.03 miRaise Street, Saltcoats, KA212
£62507/240.03 miRaise Street, Saltcoats, KA212
£62507/240.03 mi-2
£60004/240.05 miWellpark Road, Saltcoats, Ayrshire, KA212
£69503/250.06 mi-2
£52504/240.08 miVictoria Road, Saltcoats, North Ayrshire, KA212
£45004/240.1 miThomas Campbell Street, Saltcoats, Ayrshire, KA212
£47504/240.1 miVictoria Road, Saltcoats2
£45004/250.16 mi-2
£62507/240.16 miParkend Road, Saltcoats, Ayrshire, KA212
£57504/240.22 miVernon Street, Saltcoats, Ayrshire, KA212
£52508/240.25 miCanal Street, Saltcoats, North Ayrshire, KA212
£55004/240.28 miO'connor Court, Saltcoats, Ayrshire, KA212
£75004/250.33 mi-2
£75006/240.34 miHarbour Point, Saltcoats, Ayrshire, KA212
£57506/240.59 mi-2
£57505/240.59 miDalry Road, Saltcoats, KA212

Local Area Statistics

Population in Saltcoats

12,775

Town centre distance

0.45 miles away

Nearest school

0.30 miles away

Nearest train station

0.18 miles away

 

 

Rental growth (12m)

-14%

Sales demand

Seller's market

Capital growth (5yrs)

+50%

Property History

Listed for £43,000

January 31, 2025

Floor Plans

Description

  • Immaculate Upper Flat +
  • Central Location +
  • Spacious Lounge +
  • Fitted Kitchen +
  • 3 Piece Bathroom Suite +
  • 2 Double Bedrooms +
  • Secure Entry +

87 Raise Street is a spacious top floor 2 bedroom flat situated in the heart of Saltcoats. Property offers spacious accommodation all on the one level.

Property comprises of a welcoming hallway, rear facing large lounge and dining area allowing access into the fitted kitchen, modern fitted 3 piece bathroom suite in white and 2 front facing double bedrooms.

Benefits include gas central heating, double glazing, secure entry system, well maintained close, shared garden, on street parking and within walking distance to all local amenities.

Ideally suit a wide range of buyers from first time buyers, buyers looking to downsize or investors who can expect to achieve a rental income of £525pcm

Council Tax Band: A

* No Chain*

Call Glow Homes for further information.

Agent Details

Glow Homes Letting & Sales, Saltcoats

01294 442358

Next Steps?

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