3 Bed Semi-Detached House, Refurb/BRRR, Glasgow, G77 6DF, £185,000

46 Netherplace Road, Newton Mearns, G77 6DF - 3 views - 2 months ago

Under Offer
Refurb/BRRR
ROI: 7%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£170K - £477K

 

 

Square Metres

~93 m²

Value Estimate

£190,550
BMV3%

 

 

End Value (After Refurb)

£180,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£36,400

Bridging Loan Interest

£4,856

Total Cash In

£96,006

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£180,000

Mortgage (After Refinance)

£135,000

Mortgage LTV

75%

Cash Left In

£96,006

Equity

£45,000

Rent Range

£1,200 - £1,995

Rent Estimate

£1,425

Running Costs/mo

£868

Cashflow/mo

£558

Cashflow/yr

£6,690

ROI

7%

Gross Yield

9%

Local Sold Prices

34 sold prices from £170K to £477K, average is £293K.

PriceDateDistanceAddressBeds 
£317K09/210.07 mi27, Castle Road, Newton Mearns, Glasgow, Renfrew G77 6DQ3
£250.2K08/210.08 mi30, Castle Road, Newton Mearns, Glasgow, Renfrewshire G77 6DQ3
£230.1K09/210.08 mi14, Castle Road, Newton Mearns, Glasgow G77 6DQ3
£170K10/210.08 mi24, Castle Road, Newton Mearns, Glasgow, Renfrew G77 6DQ3
£215K08/210.08 mi52, Castle Road, Newton Mearns, Glasgow, Renfrewshire G77 6DQ3
£190K07/210.1 mi18, Fairweather Place, Newton Mearns, Glasgow G77 6BX3
£241K02/210.17 mi15, Cherrybank Gardens, Glasgow, Ren G77 6TX3
£390K07/210.27 mi15, Westerlands Gardens, Newton Mearns, Glasgow, Renfrew G77 6YJ3
£477K08/210.27 mi5, Paidmyre Road, Newton Mearns, Glasgow, Renfrewshire G77 5AN3
£400K09/210.36 mi17, Cheviot Drive, Newton Mearns, Glasgow, Renfrewshire G77 5AT3
£360K03/210.38 mi78, Priorwood Road, Newton Mearns, Glasgow, Renfrewshire G77 6ZZ3
£325K07/210.38 mi32, Cheviot Drive, Newton Mearns, Glasgow, Renfrewshire G77 5AS3
£225K02/210.5 mi22, Inverewe Way, Newton Mearns, Glasgow, Ren G77 6XH3
£230K05/210.53 mi4, Crarae Place, Newton Mearns, Glasgow, Renfrew G77 6XX3
£283K10/210.55 mi28, Eriskay Crescent, Newton Mearns, Glasgow G77 6XE3
£270K03/210.58 mi4, Glendoick Place, Newton Mearns, Glasgow, Renfrew G77 6XT3
£245.1K12/210.63 mi38, Craigton Drive, Newton Mearns, Glasgow, Renfrew G77 6RD3
£315K09/210.64 mi45, Lismore Place, Newton Mearns, Glasgow, Renfrewshire G77 6UQ3
£246.5K11/210.69 mi41, Greenfarm Road, Newton Mearns, Glasgow, Renfrew G77 6RH3
£298K04/210.7 mi19, Raeside Grove, Newton Mearns, Glasgow, Renfrewshire G77 5GR3
£221.5K03/210.74 mi5, Whitelee Gate, Newton Mearns, Glasgow, Renfrewshire G77 6RW3
£355K11/210.75 mi8, Forrestfield Gardens, Newton Mearns, Glasgow, Renfrewshire G77 6RN3
£288K06/210.75 mi20, Whitelee Crescent, Newton Mearns, Glasgow G77 6UH3
£263K06/210.76 mi19, Fowlis Drive, Newton Mearns, Glasgow G77 6JL3
£455K07/210.77 mi3, Kirkview Crescent, Newton Mearns, Glasgow, Renfrew G77 5DB3
£365K09/210.8 mi15, Kinloch Road, Newton Mearns, Glasgow, Renfrewshire G77 6LY3
£275K05/210.81 mi26, Kinloch Road, Newton Mearns, Glasgow, Renfrewshire G77 6LX3
£435.4K08/210.81 mi38, Edzell Drive, Newton Mearns, Glasgow, Renfrewshire G77 5QY3
£380.6K07/210.81 mi5, Rysland Avenue, Newton Mearns, Glasgow, Renfrewshire G77 6EA3
£429K10/210.88 mi31, Larchfield Avenue, Newton Mearns, Glasgow, Renfrewshire G77 5PW3
£360K03/210.89 mi20, Beech Avenue, Newton Mearns, Glasgow, Renfrewshire G77 5PP3
£260K12/210.9 mi5, Westray Avenue, Newton Mearns, Glasgow, Renfrewshire G77 6JQ3
£339K03/210.93 mi6, Arisdale Crescent, Newton Mearns, Glasgow, Renfrewshire G77 6HF3
£358K06/210.95 mi281, Mearns Road, Newton Mearns, Glasgow, Renfrewshire G77 5LT3

Local Rents

11 rents from £1.2K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,39504/240.55 miLarchfield Court, Newton Mearns, East Renfrewshire, G773
£1,40004/240.6 miHarvie Avenue , Newton Mearns, East Renfrewshire, G77 6LL3
£1,39502/250.6 mi-3
£1,45012/240.61 mi-3
£1,40012/240.61 mi-3
£1,45004/240.61 miTiree Place, Newton Mearns, Glasgow, G773
£1,99512/240.82 miHumbie Gate, Glasgow, G773
£1,25005/240.86 mi-3
£1,25012/240.86 miCorran Avenue, Glasgow, G773
£1,49512/241.02 miFalcon Drive , Newton Mearns , East Renfrewshire, G77 6WL3
£1,20004/241.16 miBroomburn Drive, East Renfrewshire, G77 5JG3

Local Area Statistics

 

 

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £185,000

February 6, 2025

Floor Plans

Description

  • An impressive traditional style semi-detached house within larger style garden grounds +
  • Three well proportioned bedrooms +
  • Private mature gardens +
  • Double glazing and gas central heating +
  • Driveway parking +
  • Great location for local amenities and high achieving schooling +

Description
Traditional semi-detached family home enjoying a lovely position within this particularly popular pocket of Newton Mearns with excellent local schooling, shopping, amenities and public transport links nearby. It is the perfect blank canvas offering an exciting opportunity for prospective purchasers looking for opportunities to personalise and enhance.

The accommodation in brief extends to traditional style hallway with storage, lounge aspects and kitchen with access to gardens at rear. Upstairs gives access to generous principal bedroom with fitted storage, two further good sized bedrooms with storage and main family shower room. The specification includes a system of gas central heating and double glazing.

Externally the property is set within private, level and easily maintained garden grounds with lawned and patio areas. Ample driveway space to the front.

While the property requires internal modernisation, it offers abundant potential. The floor plan shall provide you with a detailed layout of this versatile and well laid out home however, we recommend viewing to appreciate the space and convenient setting that is on offer.

EER Band C Local Area
Newton Mearns is one of the most sought after suburbs within the south side of Glasgow. The property is superbly placed for a wide range of amenities and indeed nationally recognised schooling. The property is a short distance away from excellent shopping at The Avenue at Mearns Cross and Greenlaw Village. There are an abundance of sports and recreational facilities found within the district which include excellent golf courses, parks, tennis clubs and there are a variety of country pursuits found nearby. Local train stations include Patterton Station and Whitecraigs Station.

Directions

From our office on Ayr Road, Newton Mearns travel southbound towards Mearns Cross, turning right onto Barrhead Road, continue onwards turning third left onto Netherplace Road, continue onwards taking left onto Netherplace Crescent and the property is on the right hand side from this approach.

Agent Details

Corum, Newton Mearns

0141 673 1647

Next Steps?

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

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