2 Bed Terraced House, Refurb/BRRR, Glasgow, G52 2AF, £65,000

27 Hillington Terrace, Glasgow, City of Glasgow, G52 2AF - a month ago

Sold STC
Refurb/BRRR
ROI: 9%
~89 m²
+8 photos

ValuationFair Value

Sold Prices£30.8K - £260K

 

 

Square Metres

~88.91 m²

Value Estimate

£66,300

 

 

End Value (After Refurb)

£80,100

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Refurb Costs

£34,462

Bridging Loan Interest

£1,706

Total Cash In

£58,618

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£80,100

Mortgage (After Refinance)

£60,075

Mortgage LTV

75%

Cash Released

£11,325

Cash Left In

£47,293

Equity

£20,025

Rent Range

£730 - £1,300

Rent Estimate

£900

Running Costs/mo

£450

Cashflow/mo

£450

Cashflow/yr

£5,396

ROI

9%

Gross Yield

17%

Local Sold Prices

32 sold prices from £30.8K to £260K, average is £142K.

PriceDateDistanceAddressBeds 
£120K02/210.29 mi21, Bowfield Drive, Glasgow G52 4HQ2
£80K12/210.31 mi9, Langstile Place, Glasgow G52 4AH2
£125K09/210.4 mi5, Rosshill Avenue, Glasgow G52 4AU2
£175K09/210.42 mi15, Lanton Drive, Glasgow G52 2EW2
£106K02/210.45 mi20, Craigmuir Crescent, Glasgow, Gla G52 4AY2
£260K04/240.46 mi85, Southwold Road, Paisley, Renfrewshire PA1 3AL2
£105K03/210.47 mi1, Linburn Place, Penilee, Glasgow G52 4EZ2
£135K07/210.52 mi42, Gleddoch Road, Glasgow G52 4BD2
£30.8K04/210.55 mi41, Deanfield Quadrant, Glasgow G52 4ER2
£135K05/210.56 mi3, Craigmuir Court, Glasgow G52 4HF2
£150K02/240.56 mi3, Craigmuir Court, Glasgow G52 4HF2
£132K03/210.6 mi101, Gleddoch Road, Glasgow G52 4BA2
£162K07/210.62 mi29, Atholl Crescent, Paisley, Renfrewshire PA1 3AW2
£170K01/210.62 mi15, Atholl Crescent, Paisley, Ren PA1 3AW2
£156.3K08/210.63 mi5, Whinhill Road, Glasgow G53 5RQ2
£115K02/210.63 mi210, Dormanside Road, Glasgow G53 5YU2
£142K07/210.63 mi135, Dundee Drive, Glasgow G52 3HL2
£162.2K05/240.63 mi9, Dormanside Grove, Glasgow G53 5YZ2
£132.2K11/210.64 mi93, Dundee Drive, Glasgow G52 3HL2
£130K12/210.65 mi69, Clavens Road, Glasgow G52 4EG2
£154K04/240.65 mi6, Blair Road, Paisley, Renfrewshire PA1 3AS2
£205K12/210.65 mi23, Invergyle Drive, Glasgow G52 2BL2
£130K05/240.65 mi4, Dormanside Gate, Glasgow G53 5YY2
£185.1K06/210.7 mi14, Atholl Crescent, Paisley, Renfrewshire PA1 3AP2
£220K09/210.7 mi58, Penilee Road, Paisley, Renfrewshire PA1 3AX2
£135K03/210.72 mi69, Queensland Drive, Glasgow G52 2NZ2
£159.6K10/210.74 mi27, Fochabers Drive, Glasgow G52 2LX2
£118K06/210.76 mi26, Calfhill Road, Glasgow G53 5YJ2
£204K11/210.79 mi70, Roffey Park Road, Paisley, Renfrewshire PA1 3ET2
£240K04/240.79 mi263, Glasgow Road, Paisley, Renfrewshire PA1 3ER2
£142K04/210.99 mi303, Brockburn Road, Glasgow G53 5TJ2
£171K04/240.99 mi307, Brockburn Road, Glasgow G53 5TJ2

Local Rents

17 rents from £730/mo to £1.3K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£73004/240.02 miHillington Terrace, Glasgow, G522
£1,00001/250.03 mi-2
£85004/240.2 miTalla Road,Glasgow,G522
£89504/240.21 mi-2
£85002/250.21 mi-2
£1,05004/240.21 miMerton Drive, Glasgow, G522
£89504/240.21 miMerton Drive, Glasgow, G522
£79505/240.25 miHollybush Road, Glasgow, G522
£89503/250.27 mi-2
£95004/240.32 mi18 Bearford Drive, Hillington, Glasgow, G52 2JG2
£89512/240.39 mi-2
£73004/240.41 miBowfield Crescent, Glasgow, G522
£75012/230.41 mi-2
£97503/250.42 mi-2
£85007/240.53 miBuchlyvie Road, Ralston2
£89510/240.53 mi-2
£1,30006/240.6 miRalston Avenue, Paisley2

Local Area Statistics

 

 

Rental growth (12m)

+40%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £65,000

February 14, 2025

Floor Plans

Description

  • 2 bedroom flat +
  • large reception room +
  • kitchen +
  • bathroom +
  • close to shops and amenities +
  • sought-after locale +

XXXX CLOSING DATE SET FOR TUESDAY 25TH FEBRUARY AT 12 NOON XXXX (Offers to be submitted in writing via solicitor).

A 2-bedroom second floor flat, located in Hillington on the Southside of Glasgow.

The property will require a level of modernisation, as reflected in the asking price.

Internal viewing is strongly advised. Home Report supplied upon request.

The property comprises hallway with all apartments off; large reception room with veranda; fitted kitchen with space for appliances; two double bedrooms which are both a generous size; and 3-piece bathroom with bathtub, wash-hand basin and W.C.

Further benefits include gas-central heating, double glazing, and excellent storage space.

Hillington Terrace provides convenient access to various nursery, primary, secondary and further education facilities.

It also has a wide variety of facilities and amenities on Paisley Road West. The property is conveniently located for two major shopping centres - Braehead near Renfrew and Silverburn in Pollok.

The commuter has convenient transport links to the M8, M77, Clyde Tunnel, and Cardonald and Hillington East Train station.

Ideally located for the Queen Elizabeth Hospital which can be accessed by car, public transport or by walking. It is also convenient for the M8 motorway which gives easy access to Glasgow airport, Glasgow City Centre and beyond.

EPC Band C Council Tax Band B

Mortgage Finance

Scottish Property Centre has an alliance with SPC Finance, a brokerage with a bespoke approach to funding. Through their relationships with retail, commercial and private banks they can assist with securing a mortgage to suit your circumstances. For further information contact our Glasgow office, on .

Agent Details

Scottish Property Centre, Glasgow

0141 673 7846

Next Steps?

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