5 Bed Detached House, Planning Permission, Glasgow, G41 4QA, £1,200,000

27 Newark Drive, Glasgow, G41 4QA - 6 views - 3 months ago

Under Offer
Planning
~178 m²
+33 photos

ValuationOvervalued

Sold Prices£205.1K - £1.1M

 

 

Square Metres

~178.28 m²

Value Estimate

£803,000

 

 

End Value (After Refurb)

£585,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£300,000

Stamp Duty & Legal Fees

£98,450

Refurb Costs

£69,174

Bridging Loan Interest

£31,500

Total Cash In

£500,874

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£585,000

Mortgage (After Refinance)

£438,750

Mortgage LTV

75%

Cash Left In

£500,874

Equity

£146,250

Rent Range

£1,150 - £4,250

Rent Estimate

£1,767

Running Costs/mo

£2,202

Cashflow/mo

£-435

Cashflow/yr

£-5,214

Gross Yield

2%

Local Sold Prices

18 sold prices from £205.1K to £1.1M, average is £510.5K.

PriceDateDistanceAddressBeds 
£841K12/210.47 mi131, Terregles Avenue, Glasgow G41 4DG5
£465K03/210.8 mi86, Heathwood, Hamilton Avenue, Glasgow G41 4HD5
£600K02/241.56 mi31, Beverley Road, Glasgow G43 2RW5
£660K09/211.7 mi65, Lubnaig Road, Glasgow G43 2RX5
£392K09/211.72 mi15, Kings Park Avenue, Glasgow G44 4UW5
£765K03/211.79 mi7, Mulberry Road, Glasgow, Gla G43 2TR5
£325.6K03/211.84 mi136, Clarkston Road, Glasgow G44 3DH5
£580.1K03/211.86 mi13, Kildary Road, Glasgow G44 3AU5
£556K06/211.94 mi8, Muirhill Avenue, Glasgow G44 3HP5
£378K03/212.13 mi105, Menock Road, Glasgow G44 5SD5
£340.2K09/212.33 mi244, Old Castle Road, Glasgow G44 5EZ5
£1.1M06/212.52 mi15, Belmont Crescent, Glasgow G12 8EU5
£445K03/212.55 mi12, Orchard Park, Giffnock, Glasgow, Renfrew G46 6JJ5
£665K03/212.63 mi160, Fenwick Road, Giffnock, Glasgow, Renfrew G46 6XF5
£205.1K12/212.71 mi102, Barnbeth Road, Glasgow G53 5UQ5
£951K05/212.73 mi29, Banavie Road, Glasgow G11 5AW5
£320K03/212.92 mi2150, Paisley Road West, Glasgow G52 3SH5
£245K08/212.99 mi2, Wardlaw Avenue, Rutherglen, Glasgow, Lanarkshire G73 3EL5

Local Rents

34 rents from £1.1K/mo to £4.3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£4,25005/240.1 miNewark Drive, Pollockshields, Glasgow, G414
£1,90004/240.16 miAytoun Road, Pollokshields, Glasgow, G413
£1,70004/240.21 miLeslie Street, Flat 1/2, Pollokshields, Glasgow, G41 2RS3
£1,70004/240.21 miLeslie Street, Flat 1/2, Pollokshields, Glasgow, G41 2RS3
£1,75005/240.24 miLeven Street, Glasgow, G413
£1,19512/240.26 mi-3
£1,40003/250.27 mi-3
£1,50004/240.27 mi-3
£1,25005/240.29 miBruce Road, Glasgow, G41 5EN3
£1,60005/240.35 mi-3
£1,95004/240.37 miMarywood Square, Strathbungo, G41 2BJ4
£2,75004/240.38 miKenmure Street, Glasgow, G41 2NS5
£2,75004/240.38 miKenmure Street, Glasgow, G41 2NS5
£1,39512/240.39 mi-3
£1,29504/240.43 mi56 Kenmuir Street3
£2,75004/240.43 miMaxwell Road, Glasgow, G41 1PJ5
£2,75004/240.43 miMaxwell Road, Glasgow, G41 1PJ5
£1,40004/240.45 mi-3
£1,40004/240.45 miMcculloch Street, Glasgow, G413
£1,49505/240.46 mi-3
£1,49505/240.46 mi-3
£1,49505/240.46 mi-3
£1,80001/250.46 mi-3
£1,39504/240.51 miPollokshaws Road, Shawlands3
£1,39504/240.52 miQuentin Street,Glasgow,G413
£1,15004/240.52 miPOLLOKSHIELDS - Maxwell Drive - Unfurnished3
£1,29501/250.53 mi-3
£1,40004/240.53 mi-3
£2,19504/240.54 mi387 Albert Drive, Pollokshields, Glasgow, G41 4JN4
£1,60005/240.56 miPollokshaws Road, Shawlands, Glasgow, G413
£1,25004/240.57 miBertram Street, Glasgow, G413
£1,50004/250.59 mi-3
£1,25002/250.61 mi-3
£1,79504/250.61 mi-4

Local Area Statistics

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+44%

Property History

Listed for £1,200,000

February 11, 2025

Floor Plans

Description

  • Symmetrical sandstone detached villa +
  • Ten principal apartments over three levels +
  • Circa 4300 square feet of accommodation +
  • Modern finishes alongside period features +
  • Self-contained accessible flat to rear +
  • Driveway parking and detached garage +
  • Thriving amenities close at hand +

Broxtowe is a tremendous example of a symmetrically fronted detached home, sensitively refurbished by our clients who took ownership in 2012. Extending to some 4300 square feet, Category B-Listed and impressive from top to bottom, there are a number of exquisite traditional features retained and successfully combined with contemporary fixtures.

The accommodation in brief; vestibule via storm doors, reception hall, TV room with wood burning stove, bay windowed dining room with open fire and concertina style folding doors leading through to an exceptional kitchen. The kitchen is formed in a bay windowed room featuring fitted storage, integrated items and a rear door opening onto a patio. From the hall, a shower room/WC is found with a convenient ceiling pulley, Belfast sink and a fitted cupboard housing white goods. Our clients use another ground floor room for crafts/office space with a floor hatch leading into a wine cellar.

The single storey servants wing to the rear of the building has been transformed to create a self-contained accessible flat with separate main door access on the East facing side of the building. Still connected to the main house, this flat delivers ramp access, underfloor heating, accessible shower room/WC, bedroom, kitchen and living area with a wood burning stove. Enlarged window openings in the living area allow an abundance of natural light and a further door leads out to the aforementioned patio.

The original staircase in the main house leads from the ground floor hall to first floor landing revealing four sizeable double bedrooms, two of which have bay window formations. The principal bedroom has a designated dressing room and a three piece en-suite shower room with underfloor heating. A sleek four piece bathroom suite with underfloor heating is also accessed from the landing area.

Another fixed staircase leads from first to second floor level and into an incredibly impressive room with clerestory windows, a rear facing dormer window and vast eaves storage. Although this room could have numerous uses, our clients have customised it to be used as a home cinema with projector screen and remote control blinds to block natural light.

Many sympathetic refurbishments have been carried out to the property, however, the manner of works allow period features to be retained such as detailed ceiling plasterwork, exposed timber floorboards, fire surrounds, moulded woodwork and stained glass believed to be from Stephen Adam's studio. Our clients were awarded Glasgow City Heritage Trust grant funding ensuring first class standards of craftmanship and materials in the improvement and preservation of the property.

For potential buyers mindful of their carbon footprint, an environmentally friendly, wood pellet boiler powers the heating and hot water for the property. Our clients are in receipt of a grant from OFGEM covering part cost of the wood pellets for any new owner to claim back for another ten years. The building has been re-roofed since our clients took ownership, the vast majority of window units are now timber cased with double glazing and a security alarm system is in situ. It should also be noted that our clients had planning permission granted for a single storey extension on the West side of the property.

Externally the property sits within landscaped garden grounds bound by perimeter walls with driveway parking to the front and side via twin gate piers. The driveway leads to a detached double garage with electric front door and two pedestrian doors. External lighting and outside power points have been thoughtfully positioned.

EER Band - F
Local Area
27 Newark Drive is within half a mile of amenities on Nithsdale Road/Kildrostan Street where independent shops, coffee houses and restaurants are found. Maxwell Park and Pollok Park offer excellent recreational space whilst Pollokshields West train station is around 750 yards from the front door. Junction one of the M77 connects Pollokshields to Scotland's motorway network. Directions
Sat Nav: 27 Newark Drive, Glasgow, G41 4QA

Agent Details

Corum, Shawlands

0141 673 4711

Next Steps?

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