3 Bed Terraced House, Cash/Bridging Only, Beith, KA15 2AX, £49,000

Bellsman Close, North Ayrshire, Beith, KA15 2AX - 3 views - 2 months ago

Sold STC

Cash

ROI: 13%

~93 m²

ValuationFair Value

Sold Prices	£78K - £225K

Square Metres	~93 m²
Value Estimate	£49,490£49,490

End Value (After Refurb)	£53,000£53,000
Uplift in Value	+8%+8%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£12,250£12,250
Stamp Duty & Legal Fees	£2,670£2,670
Refurb Costs	£36,047£36,047
Bridging Loan Interest	£1,286£1,286
Total Cash In	£54,003£54,003

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£53,000£53,000
Mortgage (After Refinance)	£39,750£39,750
Mortgage LTV	75%75%
Cash Released	£3,000£3,000
Cash Left In	£51,003£51,003
Equity	£13,250£13,250
Rent Range	£630 - £2,500£630 - £2,500
Rent Estimate	£986
Running Costs/mo	£383£383
Cashflow/mo	£603£603
Cashflow/yr	£7,238£7,238
ROI	13%13%
Gross Yield	24%24%

Local Sold Prices

32 sold prices from £78K to £225K, average is £122.3K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£117K	03/21	0.1 mi	40, Wilson Street, Beith, Ayrshire KA15 2BG	-	-	3	Terraced House
£125K	11/21	0.11 mi	46, Kings Road, Beith, Ayrshire KA15 2BJ	-	-	3	Terraced House
£150K	11/20	0.15 mi	39, Wilson Street, Beith, Ayrshire KA15 2BE	-	-	3	Semi-Detached House
£131.3K	02/21	0.16 mi	54, Woodside Road, Beith, Ayr KA15 2BU	-	-	3	Semi-Detached House
£165K	12/20	0.24 mi	25, Aitken Drive, Beith, Ayr KA15 2ER	-	-	3	Detached House
£125K	06/21	0.24 mi	20, Aitken Drive, Beith, Ayrshire KA15 2ER	-	-	3	Semi-Detached House
£135K	11/20	0.27 mi	59, Crummock Gardens, Beith, Ayrshire KA15 2HF	-	-	3	Semi-Detached House
£122.5K	09/21	0.29 mi	15, Cedar Avenue, Beith, Ayr KA15 1DQ	-	-	3	Terraced House
£147.8K	05/21	0.3 mi	28, Crummock Gardens, Beith, Ayrshire KA15 2HD	-	-	3	Semi-Detached House
£86K	12/20	0.31 mi	29, Sycamore Avenue, Beith, Ayr KA15 2DW	-	-	3	Semi-Detached House
£110K	02/21	0.32 mi	18, Larch Terrace, Beith, Ayr KA15 1EH	-	-	3	Terraced House
£78K	05/21	0.33 mi	38, Blackthorn Avenue, Beith, Ayrshire KA15 2AR	-	-	3	Semi-Detached House
£115K	10/21	0.33 mi	2, Blackthorn Avenue, Beith, Ayrshire KA15 2AR	-	-	3	Semi-Detached House
£92K	02/21	0.33 mi	40, Blackthorn Avenue, Beith, Ayr KA15 2AR	-	-	3	Semi-Detached House
£110K	11/20	0.33 mi	47, Blackthorn Avenue, Beith, Ayr KA15 2AR	-	-	3	Semi-Detached House
£88K	11/20	0.33 mi	31, Blackthorn Avenue, Beith, Ayrshire KA15 2AR	-	-	3	Terraced House
£110K	04/21	0.33 mi	42, Blackthorn Avenue, Beith, Ayr KA15 2AR	-	-	3	Semi-Detached House
£122K	11/21	0.33 mi	26, Larch Terrace, Beith, Ayrshire KA15 1EN	-	-	3	Semi-Detached House
£185.4K	06/21	0.34 mi	16, Glebe Court, Beith, Ayrshire KA15 1ET	-	-	3	Detached House
£108.5K	12/21	0.36 mi	65, Beech Avenue, Beith, Ayrshire KA15 2EQ	-	-	3	Semi-Detached House
£115K	06/21	0.39 mi	17, Balfour Avenue, Beith, Ayrshire KA15 1AW	-	-	3	Semi-Detached House
£190K	03/21	0.42 mi	1, De Morville Place, Beith, Ayrshire KA15 1AT	-	-	3	Detached House
£102K	11/20	0.43 mi	14, Cherrywood Drive, Beith, Ayrshire KA15 2DZ	-	-	3	Semi-Detached House
£112.1K	12/20	0.46 mi	58, Auldlea Road, Beith, Ayr KA15 2DB	-	-	3	Semi-Detached House
£182K	11/21	0.47 mi	37, Lomond Crescent, Beith, Ayrshire KA15 2EA	-	-	3	Detached House
£120K	09/21	0.47 mi	39, Lomond Crescent, Beith, Ayrshire KA15 2EA	-	-	3	Detached House
£172.5K	07/21	0.49 mi	39, Glebelands Way, Beith, Ayrshire KA15 1AS	-	-	3	Detached House
£225K	08/21	0.49 mi	35, Glebelands Way, Beith, Ayrshire KA15 1AS	-	-	3	Detached House
£205K	01/21	0.51 mi	18, Grahamfield Place, Beith, Ayr KA15 1AY	-	-	3	Detached House
£182K	09/21	0.51 mi	2, Wotherspoon Drive, Beith, Ayrshire KA15 2JX	-	-	3	Detached House
£86K	11/20	0.64 mi	34, Mcmillan Crescent, Beith, Ayrshire KA15 1BP	-	-	3	Semi-Detached House
£135K	01/21	0.65 mi	52, Manuel Avenue, Beith, Ayr KA15 1BJ	-	-	3	Terraced House

Local Rents

12 rents from £630/mo to £2.5K/mo, average is £695/mo.

Rent	Date	Distance	Address	Beds	Type
£680	03/24	0.12 mi	-	3	Flat
£1,100	08/24	0.12 mi	-	3	Flat
£695	09/24	0.29 mi	-	3	Terraced House
£695	08/24	0.29 mi	Sycamore Avenue, Beith, KA15	3	Terraced House
£695	04/24	0.31 mi	-	3	Semi-Detached House
£900	06/24	0.41 mi	Cypress Avenue, Beith	3	Semi-Detached House
£680	11/24	0.46 mi	-	3	Terraced House
£630	06/24	0.48 mi	Acacia Drive, Beith, KA15	3	Terraced House
£630	02/24	0.48 mi	-	3	Terraced House
£630	07/24	0.48 mi	-	3	Terraced House
£2,500	04/24	0.6 mi	-	3	Detached House
£2,000	03/24	0.6 mi	-	3	Detached House

Local Area Statistics

Population in Beith	7,6997,699
Town centre distance	1.14 miles away1.14 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.86 miles away1.86 miles away

Rental growth (12m)	-39%-39%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+29%+29%

Property History

Listed for £49,000

February 6, 2025

Description

ATTENTION INVESTORS +
CASH BUYERS ONLY +
FULL refurbishment required +
Regular Bus service to Glasgow City Centre +

Well-proportioned 3 bedroom Terraced Villa. **CASH PURCHASE ONLY – THIS PROPERTY REQUIRES COMPLETE REFFURBISHMENT - PROPERTY HAS SUSTAINED SEVERE FIRE DAMAGE. ** The property comprises; large lounge, three bedrooms with ample storage, kitchen and bathroom. Externally there is a front and back garden with parking. Located in the town of Beith close to town centre close to shops, cafes and amenities. Park and ride facilities at the train station are less than a five-minute drive and a regular bus service to Glasgow City Centre. Outstanding investment buy available for immediate purchase. Notes: This property is for sale under terms to allow for maximum commitment to the sale from both parties, a buyer’s premium may apply to secure a property. EPC rating: Exempt.

Agent Details

Standard Sale, Galashiels

01896 809174

Next Steps?

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