2 Bed Flat, Refurb/BRRR, Glasgow, G73 1AF, £62,500

Baronald Street, Rutherglen, Glasgow, G73 1AF - 7 views - 2 months ago

Under Offer
Refurb/BRRR
ROI: 13%
~68 m²
+17 photos

ValuationOvervalued

Sold Prices£41K - £557K

 

 

Square Metres

~68.11 m²

Value Estimate

£55,000

 

 

End Value (After Refurb)

£59,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£15,625

Stamp Duty & Legal Fees

£3,075

Refurb Costs

£26,400

Bridging Loan Interest

£1,641

Total Cash In

£48,491

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£59,000

Mortgage (After Refinance)

£44,250

Mortgage LTV

75%

Cash Left In

£48,491

Equity

£14,750

Rent Range

£725 - £1,300

Rent Estimate

£915

Running Costs/mo

£387

Cashflow/mo

£528

Cashflow/yr

£6,332

ROI

13%

Gross Yield

18%

Local Sold Prices

24 sold prices from £41K to £557K, average is £144K.

PriceDateDistanceAddressBeds 
£140.5K09/210.18 mi28, Smith Terrace, Rutherglen, Glasgow, Lanarkshire G73 1BB2
£90K04/210.23 mi53, Cambuslang Road, Rutherglen, Glasgow, Lanark G73 1AX2
£55K04/210.6 mi37, Sorn Street, Glasgow G40 3JD2
£145.5K09/210.62 mi155, Hamilton Road, Rutherglen, Glasgow, Lanarkshire G73 3BE2
£200K10/210.65 mi28, Scioncroft Avenue, Rutherglen, Glasgow, Lan G73 3HS2
£206K08/210.67 mi30, Wardlaw Avenue, Rutherglen, Glasgow, Lanark G73 3EH2
£170K08/210.67 mi44, Wardlaw Avenue, Rutherglen, Glasgow, Lanarkshire G73 3EH2
£557K02/210.67 mi11, Patna Street, Glasgow G40 3JN2
£88.1K07/210.68 mi4, Irvine Street, Glasgow G40 3JF2
£115.4K06/210.71 mi42, Hillfoot Avenue, Rutherglen, Glasgow, Lanark G73 2LN2
£165K03/210.72 mi37, Dryburgh Avenue, Rutherglen, Glasgow, Lanarkshire G73 3EU2
£172K03/210.72 mi98, Dryburgh Avenue, Rutherglen, Glasgow, Lanarkshire G73 3ET2
£177K02/210.73 mi86, Dryburgh Avenue, Rutherglen, Glasgow G73 3ES2
£181K10/210.76 mi30, Parkhill Drive, Rutherglen, Glasgow, Lanarkshire G73 2PW2
£190K11/210.78 mi82, Rosslyn Avenue, Rutherglen, Glasgow, Lanarkshire G73 3EY2
£110K10/210.78 mi26, Flat 6, Cathcart Road, Rutherglen, Glasgow, Lanarkshire G73 2QZ2
£150.1K04/210.8 mi7, Balvaird Crescent, Rutherglen, Glasgow, Lanarkshire G73 2PZ2
£142.5K05/210.81 mi5, Stewart Court, Rutherglen, Glasgow, Lanarkshire G73 3PP2
£100.2K09/210.85 mi27, Glencairn Drive, Rutherglen, Glasgow, Lanarkshire G73 1RG2
£165K02/210.86 mi59, Ewing Street, Rutherglen, Glasgow, Lan G73 2NP2
£94.1K11/210.9 mi57, Gilmour Crescent, Rutherglen, Glasgow, Lanark G73 1HR2
£83K03/210.9 mi3, Gilmour Crescent, Rutherglen, Glasgow, Lanarkshire G73 1HR2
£97.1K08/210.93 mi11, Muirbank Avenue, Rutherglen, Glasgow, Lanarkshire G73 1RE2
£41K02/210.94 mi89, Bankhead Road, Rutherglen, Glasgow, Lan G73 2NU2

Local Rents

12 rents from £725/mo to £1.3K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£80004/240.18 miLloyd Street, Rutherglen2
£99504/240.18 miLloyd Street, Rutherglen, Glasgow, G732
£75004/240.19 miCambuslang Road, Rutherglen, Glasgow, G732
£1,30004/240.39 miBeechgrove Street Dalmarnock2
£72504/240.42 miFlat 1/2 283 King Street Rutherglen G73 1DQ2
£1,25004/250.53 mi-2
£85004/240.56 miWardlaw Drive, Rutherglen2
£85004/240.56 miWardlaw Drive , Rutherglen2
£77504/240.61 miMain Street, Glasgow, G732
£85012/230.62 mi-2
£90004/250.62 mi-2
£90004/250.62 mi-2

Local Area Statistics

 

 

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £62,500

February 10, 2025

Floor Plans

Description

  • Top floor flat requiring modernisation +
  • Two bedrooms +
  • Lounge +
  • Kitchen with appliances +
  • Bathroom +
  • Double glazing +
  • Neat close and stairwell +
  • Shared gardens +
  • Short distance to shops, bus, train and M74 +
  • Excellent potential +

This two bedroom top floor flat offers an exciting opportunity for a variety of buyers and enjoys a great position close to a host of local amenities and transport links.

A much loved home for several decades this property forms part of a well presented building with neat & tidy tiled entrance close, stairwell and landings. A locked rear door from the close gives access to the gardens.

Located on the top floor to the left of the landing this property would now benefit from a scheme of modernisation.

The entrance hall leads leads through to both bedrooms, the lounge and the bathroom. High on one wall a cupboard houses the electric meter and switchgear. The lounge sits to the rear of the property and is a comfortable reception room with focal point of a marble fire place and gas fire. There is an alcove to the side of the fire place and a cupboard above where the electrical immersion heated tank is positioned. A broad window formation overlooks the rear gardens with aspects beyond.
The kitchen is accessed from the lounge and is nicely appointed fitted with modern units, granite worktops and attractively tiled walls. There is space for a fridge, cooker and slimline washing machine. Worth particular mention is the lovely Belfast sink and a handy ceiling pulley. A window formation to rear offers similar aspects to the lounge.
Both bedrooms are of excellent proportion and have original fireplaces which could be refurbished. The larger bedroom one also has a recessed cupboard which provides some additional storage space. The bathroom is dated and has a traditional bathtub, wc with high level cistern and wash hand basin. A window to the rear lends natural light.

The windows of this property are double glazed. There is no central heating system however there is a gas supply.

To the rear of the building are neatly tended shared gardens bordered by mature hedges and high fencing to the rear.
There is unrestricted on street parking available to the front of the building.

Baronald Street forms part of the Rutherglen district lying to the Southeast of Glasgow City Centre. There are handy local shops on Cambuslang Road and Dalmarnock Road including a TESCO Extra. Rutherglen's Main Street offers a further wide selection of facilities. There are convenient local bus routes and both Rutherglen & Dalmarnock Train Stations are nearby and operate regular services, Glasgow Central Station approximately a 10 minute train journey. Those travelling by car have excellent road links to the M74 Motorway and Glasgow City Centre. Nearby recreational facilities include the Cuningar Loop Park & Gardens, Emirates Arena, Topgolf Glasgow and PureGym Glasgow Rutherglen which is due to open in March 2025.

Agent Details

PRP Properties, Glasgow

0141 673 2927

Next Steps?

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