4 Bed Bungalow, Refurb/BRRR, Ayr, KA7 2PX, £120,000

112 St Leonards Road, Ayr, KA7 2PX - 3 views - 2 months ago

Under Offer
Refurb/BRRR
Planning
ROI: 6%
~129 m²
+5 photos

ValuationFair Value

Sold Prices£148K - £570K

 

 

Square Metres

~129.26 m²

Value Estimate

£121,200

 

 

End Value (After Refurb)

£116,405

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£50,369

Bridging Loan Interest

£3,150

Total Cash In

£90,069

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£116,405

Mortgage (After Refinance)

£87,304

Mortgage LTV

75%

Cash Left In

£90,069

Equity

£29,101

Rent Range

£700 - £1,850

Rent Estimate

£1,026

Running Costs/mo

£589

Cashflow/mo

£437

Cashflow/yr

£5,244

ROI

6%

Gross Yield

10%

Local Sold Prices

36 sold prices from £148K to £570K, average is £298K.

PriceDateDistanceAddressBeds 
£296K01/210.08 mi4, Belmont Road, Ayr KA7 2PH4
£148K04/210.13 mi46, Belmont Avenue, Ayr, Ayrshire KA7 2ND4
£305K10/210.18 mi20, Robsland Avenue, Ayr, Ayrshire KA7 2RW4
£319.3K06/210.22 mi16, St. Leonards Road, Ayr, Ayrshire KA7 2PT4
£310K02/210.22 mi78, St. Leonards Road, Ayr KA7 2PT4
£160K08/240.26 mi30, Meadowpark, Ayr KA7 2LR4
£157K09/210.26 mi10, Morton Avenue, Ayr, Ayrshire KA7 2NQ4
£255K06/210.31 mi2a, Meadowpark, Ayr, Ayrshire KA7 2LN4
£570K09/210.33 mi7, Longlands Park, Ayr, Ayrshire KA7 4RJ4
£425K02/210.33 mi21, Longlands Park, Ayr KA7 4RJ4
£300K01/210.35 mi10, Hazelwood Road, Ayr KA7 2PY4
£310K04/240.36 mi110, Castlehill Road, Ayr, Ayrshire KA7 2LF4
£280K12/210.37 mi131, Castlehill Road, Ayr KA7 2LG4
£360.1K08/210.43 mi20, Belmont Avenue, Ayr, Ayrshire KA7 2JN4
£260K01/210.44 mi80, Castlehill Road, Ayr KA7 2JD4
£240K02/240.52 mi86, Stobhill Crescent, Ayr, Ayrshire KA7 3LU4
£250K01/210.54 mi9, Ballantine Drive, Ayr KA7 2RG4
£174.1K06/210.54 mi25, Ballantine Drive, Ayr, Ayrshire KA7 2RG4
£395K09/210.58 mi14, Carrick Road, Ayr, Ayrshire KA7 2RB4
£335.3K10/210.62 mi10, Bourtree Park, Ayr, Ayrshire KA7 2JF4
£360.1K11/210.67 mi10, Springvale Road, Ayr KA7 2SH4
£383.1K08/210.73 mi21, Dongola Road, Ayr, Ayrshire KA7 3BJ4
£230.7K12/210.74 mi6, Gowanbank Road, Ayr, Ayrshire KA7 4RR4
£370.1K04/240.76 mi50, Ashgrove Street, Ayr, Ayrshire KA7 3BG4
£351K10/210.78 mi3, Laurel Bank, Ayr KA7 3TE4
£415K09/210.79 mi19, St. Vincent Crescent, Ayr KA7 4QW4
£220K02/240.8 mi2, Auchentrae Crescent, Ayr, Ayrshire KA7 4BB4
£285K11/210.8 mi32, Holmston Road, Ayr KA7 3BD4
£350K06/240.82 mi1, Lindston Place, Ayr, Ayrshire KA7 4UJ4
£275K11/210.82 mi14, Holmston Road, Ayr KA7 3BB4
£495K04/240.85 mi1, Arnprior Place, Ayr, Ayrshire KA7 4PT4
£267K09/210.92 mi12, Aspen Road, Ayr, Ayrshire KA7 3QR4
£275K12/210.96 mi13, Broadwood Park, Ayr, Ayrshire KA7 4XE4
£262K06/240.96 mi91, Carcluie Crescent, Ayr, Ayrshire KA7 4SZ4
£305K02/240.97 mi15, Gearholm Road, Ayr, Ayrshire KA7 4DR4
£273K05/240.97 mi9, Laburnum Road, Ayr, Ayrshire KA7 3JS4

Local Rents

16 rents from £700/mo to £1.9K/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£79506/240.11 miSouthfield Park, Ayr, South Ayrshire, KA73
£80007/230.25 mi-3
£89505/240.45 miLarghill Lane, Ayr, South Ayrshire, KA73
£1,20004/240.57 miForest Way, Ayr, Ayrshire, KA73
£85005/240.62 miGlenriddel Road, Ayr, South Ayrshire, KA73
£80005/240.78 miAYR - Bankfield Park 3
£1,10005/240.84 miBeresford Terrace, Ayr3
£70001/240.95 mi-3
£85004/240.98 mi58B Alloway Street3
£1,45009/231.01 mi-3
£1,45005/241.05 mi29 Carseloch Road, Ayr, South Ayrshire, KA74
£1,00001/241.14 mi-3
£1,00009/241.14 mi-3
£87505/241.16 miWellington Square, Ayr, Ayrshire, KA74
£1,85001/251.2 mi-4
£80003/241.24 mi-3

Local Area Statistics

Population in Ayr

66,386

Town centre distance

0.22 miles away

Nearest school

0.20 miles away

Nearest train station

0.88 miles away

 

 

Rental growth (12m)

-19%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £120,000

February 4, 2025

Floor Plans

Description

Description
CLOSING DATE FRIDAY 21/02/25 AT 11AMNumber 112 is a traditional detached bungalow requiring complete upgrading and modernisation but offering generously proportioned, all on the level accommodation extending to seven principal apartments. Potential purchasers should note there is also planning permission granted to clear the existing dwelling and build a state of the art family home. The current property is set in generous level gardens with a driveway access off Bellevale Avenue.

The current accommodation layout comprises of a welcoming reception hallway, lounge, dining room, kitchen, four bedrooms, study and bathroom. If the current property is retained then the layout could be reconfigured subject to any appropriate consents.

The planning permission (application 24/00158/APP) was passed in May 2024 with further details within the photos section of this listing and further information available through South Ayrshire Planning. The permission granted is for a stunning one and a half storey detached villa extending to circa 215 square metres (2307 square feet).

The new dwellings proposed accommodation comprises of, on the ground floor, a broad reception hallway, magnificent open plan kitchen/living/dining room, utility room with access to the garage, double bedroom with en-suite shower room and a sitting room/snug. Upstairs there are three further bedrooms including a master suite with en-suite shower room and external terrace. Completing the accommodation is a three piece shower room.

EER - G Local Area
St Leonards Road is well placed close to Ayr town centre and within close proximity to local amenities including both primary and secondary schooling. The town centre provides a comprehensive range of amenities including supermarket and retail shopping. For the commuter there are excellent road and rail links to Glasgow and surrounding areas. Directions
From the Corum office proceed south towards Alloway on Carrick Road. On reaching St Leonards church veer left onto St Leonards Road and number 112 can be found on the right hand side on the corner with Bellevale Avenue.

Agent Details

Corum, Ayr

01292 431247

Next Steps?

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