2 Bed Terraced House, Refurb/BRRR, Johnstone, PA6 7BN, £190,000

34 Crosslee Park, Houston, PA6 7BN - 2 views - 2 months ago

Sold STC

Refurb/BRRR

ROI: 6%

~68 m²

+16 photos

ValuationOvervalued

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Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£47,500£47,500
Stamp Duty & Legal Fees	£6,600£6,600
Refurb Costs	£26,598£26,598
Bridging Loan Interest	£4,988£4,988
Total Cash In	£87,435£87,435

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£176,344£176,344
Mortgage (After Refinance)	£132,258£132,258
Mortgage LTV	75%75%
Cash Left In	£87,435£87,435
Equity	£44,086£44,086
Rent Range	£450 - £5,500£450 - £5,500
Rent Estimate	£1,223
Running Costs/mo	£816£816
Cashflow/mo	£407£407
Cashflow/yr	£4,888£4,888
ROI	6%6%
Gross Yield	8%8%

Local Sold Prices

38 sold prices from £135K to £265K, average is £168K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£202.5K	03/24	0 mi	11, Crosslee Park, Crosslee, Johnstone, Ren PA6 7BN	-	-	2	Terraced House
£190K	05/24	0 mi	48, Crosslee Park, Crosslee, Johnstone, Renfrewshire PA6 7BN	-	-	2	Bungalow
£172.5K	12/23	0 mi	35, Crosslee Park, Crosslee, Johnstone, Renfrewshire PA6 7BN	-	-	2	Terraced House
£195K	07/21	0 mi	8, Crosslee Park, Crosslee, Johnstone, Renfrewshire PA6 7BN	-	-	2	Terraced House
£250K	07/21	0.14 mi	2, Whirlie Drive, Crosslee, Johnstone, Renfrewshire PA6 7AN	-	-	2	Semi-Detached House
£142.2K	01/21	0.22 mi	66, Back O'hill, Crosslee, Johnstone, Ren PA6 7LE	-	-	2	Semi-Detached House
£225.7K	05/21	0.23 mi	3, Berl Avenue, Houston, Johnstone, Renfrewshire PA6 7JJ	-	-	2	Semi-Detached House
£215K	03/24	0.23 mi	45, Piper Road, Houston, Johnstone, Ren PA6 7JY	-	-	2	Bungalow
£190K	08/24	0.35 mi	75, Neuk Crescent, Houston, Johnstone, Ren PA6 7DS	-	-	2	Semi-Detached House
£153K	12/23	0.35 mi	98, Neuk Crescent, Houston, Johnstone, Renfrewshire PA6 7DS	-	-	2	Semi-Detached House
£175K	11/20	0.35 mi	90, Neuk Crescent, Houston, Johnstone, Ren PA6 7DS	-	-	2	Semi-Detached House
£190K	03/24	0.41 mi	30, Neuk Crescent, Houston, Johnstone, Ren PA6 7DW	-	-	2	Semi-Detached House
£228K	06/21	0.52 mi	2, Craigburn Crescent, Houston, Johnstone, Renfrewshire PA6 7NE	-	-	2	Detached House
£147K	08/21	0.52 mi	38, Craigburn Crescent, Houston, Johnstone, Renfrewshire PA6 7NE	-	-	2	Terraced House
£145.3K	03/21	0.52 mi	23, Craigburn Crescent, Houston, Johnstone, Renfrewshire PA6 7NE	-	-	2	Terraced House
£210K	06/21	0.55 mi	7, Broomfield, Houston, Johnstone, Renfrewshire PA6 7DH	-	-	2	Detached House
£215K	11/20	0.56 mi	5, Crossways, Houston, Johnstone PA6 7DG	-	-	2	Detached House
£139.8K	07/21	0.56 mi	8, Locherburn Grove, Houston, Johnstone, Renfrewshire PA6 7NJ	-	-	2	Terraced House
£137.1K	06/21	0.58 mi	129, Hillfoot, Houston, Johnstone, Renfrewshire PA6 7NR	-	-	2	Terraced House
£168K	04/24	0.58 mi	85, Hillfoot, Houston, Johnstone, Renfrewshire PA6 7NR	-	-	2	Terraced House
£146K	10/21	0.58 mi	85, Hillfoot, Houston, Johnstone PA6 7NR	-	-	2	Terraced House
£145K	05/21	0.58 mi	27, Hillfoot, Houston, Johnstone, Renfrewshire PA6 7NR	-	-	2	Terraced House
£155K	11/21	0.59 mi	15, Craigburn Avenue, Houston, Johnstone, Renfrewshire PA6 7ND	-	-	2	Semi-Detached House
£162.6K	01/24	0.6 mi	16, Locherburn Place, Houston, Johnstone, Renfrewshire PA6 7NH	-	-	2	Terraced House
£135K	07/24	0.6 mi	12, Locherburn Place, Houston, Johnstone, Renfrewshire PA6 7NH	-	-	2	Terraced House
£151K	12/21	0.68 mi	17, Locher Avenue, Houston, Johnstone, Renfrewshire PA6 7NN	-	-	2	Terraced House
£200K	08/24	0.68 mi	14, Locher Avenue, Houston, Johnstone, Ren PA6 7NN	-	-	2	Semi-Detached House
£175.2K	04/21	0.68 mi	14, Locher Avenue, Houston, Johnstone PA6 7NN	-	-	2	Semi-Detached House
£215.6K	11/21	0.69 mi	9, Woodburn Place, Houston, Johnstone, Renfrewshire PA6 7NA	-	-	2	Semi-Detached House
£154K	07/21	0.7 mi	18, Locher Way, Houston, Johnstone, Renfrewshire PA6 7AH	-	-	2	Semi-Detached House
£149.3K	11/20	0.7 mi	21, South Street, Houston, Johnstone, Renfrewshire PA6 7EN	-	-	2	Terraced House
£167K	08/21	0.71 mi	23, South Street, Houston, Johnstone, Renfrewshire PA6 7EN	-	-	2	Terraced House
£136K	03/24	0.72 mi	6, Houstonfield Road, Houston, Johnstone, Ren PA6 7EY	-	-	2	Terraced House
£168K	05/24	0.73 mi	31, Locher Avenue, Houston, Johnstone, Renfrewshire PA6 7NX	-	-	2	Bungalow
£183.2K	12/21	0.74 mi	3, Locher Crescent, Houston, Johnstone, Renfrewshire PA6 7NW	-	-	2	Terraced House
£135K	02/21	0.75 mi	26, South Street, Houston, Johnstone, Ren PA6 7EZ	-	-	2	Semi-Detached House
£160.5K	08/24	0.77 mi	48, Houstonfield Quadrant, Houston, Johnstone, Ren PA6 7EX	-	-	2	Bungalow
£265K	11/20	0.8 mi	Pennyfern, North Street, Houston, Johnstone, Renfrewshire PA6 7HB	-	-	2	Detached House

Local Rents

50 rents from £450/mo to £5.5K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£850	06/24	0.11 mi	Whirlie Court, Whirlie Road, Crosslee, Houston	2	Flat
£850	03/24	0.14 mi	Whirlie Drive, PA6	2	Bungalow
£1,100	06/24	0.22 mi	Piper Avenue, Houston	3	Detached House
£1,550	03/24	0.23 mi	Piper Avenue, PA6	4	Semi-Detached House
£2,100	06/24	0.23 mi	Piper Road, Houston, Renfrewshire, PA6	2	Flat
£1,450	06/24	0.28 mi	Brierie Hills Court, Crosslee, Johnstone	3	Detached House
£1,700	06/24	0.32 mi	Crawford Road, PA6	4	Detached House
£580	06/24	0.54 mi	Craigburn Crescent, Houston	1	Detached House
£1,495	06/24	0.54 mi	Glenartney, Houston	3	Flat
£1,875	06/24	0.6 mi	-	4	Detached House
£850	06/24	0.61 mi	Craigburn Avenue, Houston, Johnstone	2	Flat
£1,400	03/24	0.61 mi	Gryfebank Way, PA6	3	Detached House
£2,600	08/24	0.67 mi	-	4	Detached House
£2,600	06/24	0.67 mi	Stationhouse Drive, Houston, Johnstone, PA6	4	Detached House
£1,000	06/24	0.7 mi	Kings Cottage, South Street, Houston, Johnstone, PA6	2	Flat
£800	12/24	0.7 mi	-	1	Semi-Detached House
£750	03/24	0.78 mi	-	2	Flat
£2,500	03/24	0.91 mi	-	4	Detached House
£2,600	02/25	1.06 mi	-	4	Detached House
£2,600	02/24	1.06 mi	-	4	Detached House
£2,100	02/24	1.07 mi	-	4	Semi-Detached House
£2,800	01/25	1.13 mi	-	4	Detached House
£850	06/24	1.15 mi	Alford Place, Linwood	3	Flat
£700	11/23	1.19 mi	-	2	Flat
£475	06/24	1.24 mi	Hillview Road, Bridge Of Weir	1	Flat
£495	06/24	1.26 mi	-	1	Flat
£850	02/25	1.27 mi	-	2	Terraced House
£950	09/24	1.32 mi	Park Road, Bridge Of Weir	3	Semi-Detached House
£899	06/24	1.36 mi	Lintwhite Court, Bridge of Weir, Renfrewshire, PA11	2	Flat
£899	07/24	1.36 mi	Lintwhite Court, Bridge of Weir, Renfrewshire, PA11	2	Flat
£700	03/24	1.38 mi	Loch Road, Bridge Of Weir, Renfrewshire, PA11	2	Flat
£725	06/24	1.39 mi	-	2	Flat
£850	06/24	1.4 mi	Stirling Drive, Linwood	3	Flat
£595	05/24	1.41 mi	-	1	Flat
£595	03/25	1.41 mi	-	1	Flat
£595	04/25	1.41 mi	-	1	Flat
£450	08/24	1.41 mi	Windsor Place, Main Street, Bridge Of Weir, Renfrewshire, PA11	1	Flat
£600	03/24	1.41 mi	Windsor Place, Main Street, Bridge Of Weir, Renfrewshire, PA11	2	Flat
£650	03/25	1.44 mi	-	2	Flat
£670	07/24	1.44 mi	-	2	Flat
£690	08/24	1.44 mi	-	2	Flat
£690	07/24	1.44 mi	-	2	Flat
£690	01/25	1.44 mi	-	2	Flat
£795	06/24	1.44 mi	Merchiston Avenue, Linwood, PA3 3TP	2	House
£5,500	09/24	1.44 mi	Prieston Road, Bridge of Weir, PA11	6	Detached House
£850	02/25	1.45 mi	-	2	Flat
£850	04/25	1.45 mi	-	2	Flat
£800	07/24	1.45 mi	Ingleby Court, Houston Road, Bridge Of Weir	2	Flat
£650	06/24	1.46 mi	-	1	Flat
£795	06/24	1.5 mi	Vernon Drive, Linwood	2	Flat

Property History

Price changed to £190,000

March 20, 2025

Listed for £180,000

February 13, 2025

Floor Plans

Description

Modern end terrace villa located in this popular cul de sac in the Crosslee area of Houston. The property sits in level gardens and has its own private driveway for off street parking. The rear garden is enclosed. There is gas central heating and modern UPVC double glazing. Well maintained internally but does require some modernisation.

The accommodation on the ground floor comprises reception hall, large lounge, spacious dining area with patio doors leading to the rear garden. Adjacent to the dining area is the modern fitted kitchen. Upstairs there are 2 double bedrooms (main bedroom with en suite shower room) and bathroom.

Viewing is recommended as homes in this street are very popular.

Agent Details

Slater Hogg & Howison, Bridge Of Weir

01505 801408

Next Steps?

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