3 Bed Terraced House, Cash/Bridging Only, Glasgow, G73 5PE, £180,000

Trossachs Road, Cathkin, Glasgow, G73 5PE - 2 views - 2 months ago

Cash
ROI: 3%
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£65K - £333K

 

 

Square Metres

~93 m²

Value Estimate

£109,500

 

 

End Value (After Refurb)

£137,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£36,047

Bridging Loan Interest

£4,725

Total Cash In

£94,122

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£137,000

Mortgage (After Refinance)

£102,750

Mortgage LTV

75%

Cash Left In

£94,122

Equity

£34,250

Rent Range

£475 - £1,700

Rent Estimate

£871

Running Costs/mo

£622

Cashflow/mo

£249

Cashflow/yr

£2,984

ROI

3%

Gross Yield

6%

Local Sold Prices

20 sold prices from £65K to £333K, average is £203.5K.

PriceDateDistanceAddressBeds 
£165K05/210.04 mi224, Trossachs Road, Rutherglen, Glasgow, Lanarkshire G73 5PQ3
£240K07/210.3 mi2, Islay Avenue, Rutherglen, Glasgow, Lanarkshire G73 5NH3
£333K03/210.32 mi23, Kincath Avenue, Rutherglen, Glasgow, Lanarkshire G73 4RP3
£205K05/210.45 mi29, Scalloway Lane, Cambuslang, Glasgow, Lanarkshire G72 8HN3
£195.1K12/210.46 mi94, Lochmaben Crescent, Cambuslang, Glasgow, Lanarkshire G72 8ZA3
£162.5K09/210.48 mi31, Martyn Grove, Cambuslang, Glasgow, Lanarkshire G72 8FN3
£65K07/210.48 mi1, Ryan Way, Fernhill Burnside, Rutherglen G73 4AQ3
£210K03/210.63 mi22, Manor Way, Rutherglen, Glasgow, Lanarkshire G73 4EP3
£202K08/210.64 mi17, Larchfield Drive, Rutherglen, Glasgow, Lanarkshire G73 4HA3
£275.1K09/210.64 mi189, Blairbeth Road, Rutherglen, Glasgow, Lanarkshire G73 5DJ3
£78K02/210.66 mi72, Castlefern Road, Rutherglen, Glasgow, Lan G73 4AU3
£220K08/210.75 mi14, Fishescoates Avenue, Rutherglen, Glasgow, Lanarkshire G73 5DZ3
£269.3K08/210.79 mi44, East Kilbride Road, Rutherglen, Glasgow, Lanarkshire G73 5EB3
£138.5K09/210.8 mi78, Woodend Road, Rutherglen, Glasgow, Lanarkshire G73 4DY3
£120K11/210.8 mi98, Woodend Road, Rutherglen, Glasgow, Lanarkshire G73 4DY3
£220K03/210.82 mi43, Grenville Drive, Cambuslang, Glasgow, Lanarkshire G72 8DW3
£260K02/210.82 mi210, Brownside Road, Rutherglen, Glasgow G73 5BE3
£106K12/210.93 mi5, Laurieston Way, Rutherglen, Glasgow, Lanark G73 4DZ3
£312K12/210.93 mi26, Stirling Drive, Rutherglen, Glasgow, Lanarkshire G73 4JH3
£152K02/211 mi22, Aster Drive, Glasgow G45 0EP3

Local Rents

50 rents from £475/mo to £1.7K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£64903/240.09 mi-2
£1,20010/230.11 miCuillins Road, Cathkin, Glasgow3
£99504/240.12 miMenteith Place, Rutherglen2
£65001/240.14 mi-2
£70010/230.32 mi-2
£77511/230.41 mi-2
£75004/240.43 miRoss Place, Sprinhall2
£1,35012/240.5 mi-3
£1,35012/240.5 miMcgahey Drive, Cambuslang, Glasgow, G723
£87510/240.5 mi-3
£67501/240.57 mi-1
£1,59512/240.57 mi-2
£1,59512/240.57 miArthur Walk, Cambuslang, Glasgow, G722
£75004/250.59 mi-2
£72502/240.62 mi-1
£77512/240.73 mi-3
£79503/250.73 mi-2
£85004/250.77 mi-3
£77504/240.79 miFishescoates Gardens, Glasgow, G732
£75012/240.79 mi-2
£1,18502/240.89 mi-2
£1,20005/240.89 mi-2
£71104/240.92 miDukes Road, Glasgow, G732
£75001/240.93 mi-2
£75012/240.93 mi-2
£85005/240.97 miTormusk Gardens, Glasgow2
£1,70004/241 miDouglas Gate, Cambuslang4
£80004/241 mi-2
£67502/241.03 mi-2
£67504/241.03 mi-2
£67504/241.03 miScarrel Drive, Glasgow, G452
£89505/241.05 miHighburgh Drive, Burnside, G73 3RZ2
£82503/251.05 mi-2
£95003/251.05 mi-2
£80004/241.06 mi-2
£47503/241.1 mi-1
£47503/251.1 mi-1
£75003/251.11 mi-2
£1,60003/251.12 mi-3
£1,05004/241.14 miTormusk Road, Fernhill, Glasgow2
£89503/251.23 mi-2
£69002/251.24 mi-2
£77512/241.27 mi-2
£77512/241.27 miCairns Road, Cambuslang, Glasgow, G722
£67504/241.27 miMain Street, Cambuslang, G722
£69504/241.28 miCairns Road, Cambuslang, G722
£89501/241.29 mi-2
£85012/241.3 mi-2
£77504/241.31 miSilverbanks Court, Glasgow2
£85012/241.32 mi-2

Local Area Statistics

 

 

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+5%

Property History

Listed for £180,000

February 11, 2025

Floor Plans

Description

  • 3 Bedroom Mid Terraced Villa +
  • Situated within a Popular Residential Area +
  • Double Glazing & Gas Central Heating +
  • Driveway +
  • Gardens to the Rear +

Presenting to the market is this lovely and well appointed 3 bedroom Mid Terraced Villa which is offered in walk in condition. Likely to appeal to many including the first time buyer and those perhaps downsizing.

Accommodation
Viewings strictly by appointment only.

Accommodation comprises; Welcoming entrance hallway with good sized wc off. Door off the hallway leads into the good sized lounge which is front facing and nicely decorated. There is also large walk in cupboard off lounge too. There is direct access off the lounge into the dining kitchen which is modern with a range of wall and base units, gas hob with extractor fan over and oven. There is ample room for dining table and chairs. Patio doors lead out to rear gardens.

Upstairs are 3 double bedrooms with the master featuring integrated sliding wardrobes. Finally there is the 3 piece bathroom with shower over bath.

Completing this fine home is gas central heating, double glazing and externally a driveway to the front to accommodate 2 cars and easily maintained gardens to the rear.

Description
The property lies within a popular residential area within easy reach of first class amenities available in the Rutherglen and Burnside area and both provide bus and rail services locally and to the centre of Glasgow and beyond. A wide range of local shops will cater for most needs with more extensive amenities available close by in East Kilbride. Renowned schooling is accessible at both primary and secondary levels. There are many indoor and outdoor recreational facilities within the local area including golf, bowling and tennis clubs, parks and good selection of eateries.

Energy Efficiency Rating Band B
Council Tax Band - Band D

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.

1. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
2. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
3. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 4. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Austin Beck, Burnside

0141 673 4598

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.