4 Bed Detached House, Cash/Bridging Only, Glenrothes, KY7 6LW, £399,000

Milldeans Farm, Milldeans, Star, Fife, KY7 6LW - 1 views - 2 months ago

Under Offer
Cash
ROI: 1%
~129 m²
+28 photos

ValuationOvervalued

Sold Prices£115K - £352K

 

 

Square Metres

~129.26 m²

Value Estimate

£319,900

 

 

End Value (After Refurb)

£250,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£99,750

Stamp Duty & Legal Fees

£20,620

Refurb Costs

£52,815

Bridging Loan Interest

£10,474

Total Cash In

£185,409

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£250,250

Mortgage (After Refinance)

£187,688

Mortgage LTV

75%

Cash Left In

£185,409

Equity

£62,563

Rent Range

£550 - £2,200

Rent Estimate

£1,208

Running Costs/mo

£1,044

Cashflow/mo

£164

Cashflow/yr

£1,972

ROI

1%

Gross Yield

4%

Local Sold Prices

7 sold prices from £115K to £352K, average is £250.3K.

PriceDateDistanceAddressBeds 
£250.3K11/211.96 mi11, Cupar Road, Kettlebridge, Cupar, Ffe KY15 7QD4
£352K10/212.16 mi75, Rumdewan Terrace, Kettlebridge, Cupar, Fife KY15 7QP4
£227K07/212.34 mi2, Station Road, Kingskettle, Cupar, Fife KY15 7PR4
£115K08/242.68 miBruanda, Kennoway Road, Windygates, Leven, Ffe KY8 5BU4
£282.1K11/212.87 mi2b, Fernbank Avenue, Windygates, Leven, Fife KY8 5FA4
£332.5K04/212.95 mi22, Brunton Gardens, Markinch, Glenrothes, Fife KY7 6EX4
£185K04/212.98 mi23, Hill Terrace, Markinch, Glenrothes, Fife KY7 6EN4

Local Rents

3 rents from £550/mo to £2.2K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£55004/242.19 miLeven Road, Kennoway, KY82
£2,20004/242.24 mi-4
£87505/242.44 miWellshot Road, Kennoway, Fife, KY83

Local Area Statistics

Population in Glenrothes

46,768

Town centre distance

4.56 miles away

Nearest school

1.70 miles away

Nearest train station

3.10 miles away

 

 

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £399,000

February 6, 2025

Floor Plans

Description

Outstanding bespoke four-bedroom home in an idyllic rural setting close to Glenrothes

Bespoke detached four-bedroom home

Exclusive hamlet in a tranquil rural setting near to Glenrothes

High-quality fixtures and finishes throughout

Captivating countryside views

Expansive wraparound garden

Driveway and integral garage

EPC Rating - C
Council Band - F
Tenure - Freehold

Property Details & Description

Accommodation

GROUND FLOOR
Entrance hallway, reception hall, living room, kitchen/dining room, utility, shower room

FIRST FLOOR
Four bedrooms (one with a walk-in-wardrobe and en-suite), bathroom

ATTIC

EXTERIOR
Wraparound gardens
Driveway and integral garage with power

Situation
Milldeans Farm is nestled in an exclusive hamlet in the small and welcoming Fife village of Star of Markinch lying between Markinch and Kennoway, both of which provide a range of retail, dining, and leisure amenities. Glenrothes, the third largest town in Fife, is only a ten-minute drive and offers well-known supermarkets, bustling restaurants, bars, chemists, a post office, banks, an 18-hole golf course, and a state-of-the-art sports centre. The ancient university town of St Andrews globally renowned as ‘The Home of Golf’ is a thirty-minute drive. Edinburgh is approximately one hour to the south. The characterful fishing villages and beautiful beaches that make up this scenic part of Scotland including Anstruther, St Monans, Crail, Elie, and Pittenweem are all easily accessible.

Surrounded by beautiful countryside, the area boasts various scenic visitor attractions. These include Balbirnie Park, Lomond Hills Regional Park and Kennoway Den, along with the popular Balbirnie Golf Club. Leven Beach with its expansive promenade and charming outlook over the Firth of Forth is only a fifteen-minute drive. Glenrothes boasts an array of open green spaces including Riverside Park which has woodland walks, beautiful gardens, and childrens’ play areas. The Town Art Trail which winds through the town showcases over 170 sculptures, murals, and decorated tiles. Alongside the village primary school, there is high school provision in Glenrothes and private options available at St Leonards in St Andrews and at The High School of Dundee. Fife College has a campus within the town. For the commuter, the A92 allows swift access to Edinburgh and there are railway stations at both Glenrothes with Thornton and Markinch. There is a bus station in Glenrothes. Edinburgh International Airport is less than forty minutes away by car and domestic flights are available from Dundee.

General Description
Surrounded by rolling countryside, this outstanding bespoke detached four-bedroom home in an exclusive and peaceful hamlet offers a superb opportunity to enjoy rural living while remaining within easy reach of Glenrothes. A driveway flanking the lush lawn leads to the front door and into a welcoming entrance hall off which lies a utility offering garden access and a stylish monochrome shower room. From here a central reception hall ushers you into a generously proportioned living room showcasing breathtaking views. Triple aspect with sliding doors opening to the rear garden it is a spectacular space. Exuding a warm and comfortable ambience the décor includes black tumbled limestone floor tiling and a brick mantle. Adjoining and accessed through sliding oak barn doors as well as from the reception hall, is a beautifully appointed and light-filled dining kitchen opening to the garden. The custom-made contemporary kitchen showcases wall and floor cabinetry in a sophisticated blue complemented by under-base-lit quartz worktops, a brick splashback, and high-spec integrated appliances including a range cooker and space for a American-style fridge/freezer. A kitchen island provides seating for two. Moving to the first floor, you arrive at the stunning principal bedroom. Decorated with plush carpeting and a statement accent wall and boasting a captivating aspect it is a wonderful retreat, enhanced further by a walk-in-wardrobe and en-suite shower room. Three additional double bedrooms each enjoying a scenic outlook and tasteful décor, feature built-in wardrobes and share access to a design-led bathroom with a hidden cistern WC, washbasin built into vanity, bath with rainfall shower, and chrome towel radiator. An attic provides additional storage. Underfloor heating and an air source pump heating system ensure the home is comfortable and energy-efficient year-round.

EXTERIOR
Boasting panoramic countryside views, the wraparound garden mainly consisting of a lush lawn, is a serene outdoor escape to be enjoyed by friends and family.

Off-street parking is provided for by the driveway and integral garage with power.

General Remarks & Information

Satellite Navigation
For the benefit of those with satellite navigation the property’s postcode is KY7 6LW

Fixtures & Fittings
Only items specifically mentioned in the particulars of sale are included in the sale price.

Entry & Possession
Entry and vacant possession will be by mutual agreement and arrangement.

Services
Mains electric, water and private drainage. Air Source Heat Pump and underfloor heating.

Council Tax
Band F

EPC Rating
Band C

Local Authority
Fife Council

Home Report
A Home Report incorporating a Single Survey, Energy Performance Certificate and Property Questionnaire is available for parties genuinely interested in this property. Please contact us, either by telephone or via the website entry for this property, to request a copy. No charge is made for electronic copies; a paper copy can also be made available from our offices or by post, at a charge of £20 to cover reproduction and administrative costs.

Offers
Offers should be submitted in Scottish Legal Form to the selling agents Rettie & Co at 28 Bell Street, St Andrews KY16 9UX.

Servitude Rights, Burdens & Wayleaves
The property is sold subject to and with the benefit of all servitude rights, burdens, reservations and wayleaves including rights of access and rights of way, whether public or private, light, support, drainage, water and wayleaves for masts, pylons, stays, cable, drains and water, gas and other pipes whether contained in the title deeds or informally constituted and whether or not referred to above.

Particulars and Plans
These particulars and plan are believed to be correct, but they are in no way guaranteed. Any error, omission or misstatement shall not annul the sale or entitle any party to compensation nor in any circumstances give grounds for action at law.

Websites and Social Media
This property and other properties offered by Rettie South LLP can be viewed on our website at as well as our affiliated websites at zoopla.com, and

Proof and Source of Funds/Anti Money Laundering
Under the HMRC Anti Money Laundering legislation all offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds. This may include evidence of bank statements/funding source, mortgage or confirmation from a solicitor the purchaser has the funds to conclude the transaction. All individuals involved in the transaction are required to produce proof of identity and proof of address. This is acceptable either as original or certified documents.

Misrepresentations

1. The property is sold with all faults and defects, whether of condition or otherwise and neither the seller nor Rettie & Co, the selling agent, are responsible for such faults and defects, nor for any statement contained in the particulars of the property prepared by the said agent.

2. The Purchaser(s) shall be deemed to acknowledge that he has not entered into contact in reliance on the said statements, that he has satisfied himself as to the content of each of the said statements by inspection or otherwise and that no warranty or representation has been made by the seller or the said agents in relation to or in connection with the property.

3. Any error, omission or misstatement in any of the said statements shall not entitle the purchaser(s) to rescind or to be discharged from this contract, nor entitle either party to compensation or damages nor in any circumstances to give either party any cause for action.

Important Notice

Rettie South LLP, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either in writing or by word of mouth. Any information given is entirely without responsibility on the part of the agents or the sellers. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive and it should not be assumed that the property remains as photographed. Any error, omission or mis-statement shall not annul the sale, or entitle any party to compensation or recourse to action at law. It should not be assumed that the property has all necessary planning, building regulation or other consents, including for its current use. Rettie South LLP have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise and ought to seek their own professional advice.

3. All descriptions or references to condition are given in good faith only. Whilst every endeavour is made to ensure accuracy, please check with us on any points of especial importance to you, especially if intending to travel some distance. No responsibility can be accepted for expenses incurred in inspecting properties which have been sold or withdrawn.

EPC Rating: C
Council Tax Band: F

Agent Details

Rettie, St.Andrews

01334 237399

Next Steps?

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