4 Bed Semi-Detached House, Refurb/BRRR, Glasgow, G69 0PB, £175,000

Penzance Way, Moodiesburn, Glasgow, G69 0PB - 2 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~129 m²
+9 photos

ValuationUndervalued

Sold Prices£125K - £600K

 

 

Square Metres

~129.26 m²

Value Estimate

£180,250
BMV3%

 

 

End Value (After Refurb)

£167,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£50,400

Bridging Loan Interest

£4,594

Total Cash In

£106,944

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£167,000

Mortgage (After Refinance)

£125,250

Mortgage LTV

75%

Cash Left In

£106,944

Equity

£41,750

Rent Range

£600 - £2,750

Rent Estimate

£1,083

Running Costs/mo

£758

Cashflow/mo

£325

Cashflow/yr

£3,894

ROI

4%

Gross Yield

7%

Local Sold Prices

45 sold prices from £125K to £600K, average is £271K.

PriceDateDistanceAddressBeds 
£161K08/210.19 mi20, Meadowhead Avenue, Chryston, Glasgow G69 0DZ4
£135K04/210.39 mi93, Bridgeburn Drive, Chryston, Glasgow G69 0LL4
£201.5K04/210.53 mi54, Glenview Crescent, Chryston, Glasgow G69 0NH4
£205.3K11/210.6 mi68, Glenview Crescent, Moodiesburn, Glasgow G69 0NJ4
£345.5K10/210.68 mi12, Midton Crescent, Moodiesburn, Glasgow G69 0LX4
£150K04/211.08 mi8, Friarscourt Road, Chryston, Glasgow G69 9NN4
£291.8K11/211.28 mi213, Lochend Road, Gartcosh, Glasgow G69 8BE4
£281K10/211.39 mi58, Belhaven Park, Muirhead, Glasgow G69 9FB4
£260K03/211.47 mi24, Inchnock Avenue, Gartcosh, Glasgow G69 8EA4
£360K02/241.86 mi31, Market Road, Kirkintilloch, Glasgow, Dunbartonshire G66 3EZ4
£412.8K09/211.91 mi24, Netherhouse Avenue, Lenzie, Glasgow G66 5NG4
£316K06/211.91 mi56, Netherhouse Avenue, Lenzie, Glasgow G66 5NG4
£600K03/211.92 mi43, Rutherford Drive, Lenzie, Glasgow, Dunbartonshire G66 3US4
£420.3K12/211.94 mi5, Crossdykes, Kirkintilloch, Glasgow, Dumbarton G66 3EU4
£220K08/211.95 mi60, Scalloway Road, Gartcosh, Glasgow G69 8LH4
£372.5K11/211.95 mi110, Scalloway Road, Gartcosh, Glasgow G69 8LH4
£332K02/242.03 mi28, Foxes Grove, Kirkintilloch, Glasgow, Dunbartonshire G66 5BN4
£348.5K03/212.04 mi7, Foxes Grove, Kirkintilloch, Glasgow, Dunbartonshire G66 5BN4
£260K11/212.06 mi17, Craigend Road, Cumbernauld, Glasgow, Dumbarton G67 4JX4
£261K06/212.1 mi87, Medrox Gardens, Cumbernauld, Glasgow, Dunbartonshire G67 4AL4
£300K04/242.15 mi7, Craigenbay Crescent, Kirkintilloch, Glasgow, Dunbartonshire G66 5JW4
£274.5K09/212.16 mi32, Medrox Gardens, Cumbernauld, Glasgow, Dunbartonshire G67 4AJ4
£280.3K11/212.26 mi29, Kirkwood Avenue, Stepps, Glasgow G33 6GD4
£170K12/212.31 mi57, Rockbank Crescent, Glenboig, Coatbrdge ML5 2TB4
£255K04/242.31 mi1, Rockbank Crescent, Glenboig, Coatbridge, Lanarkshire ML5 2TB4
£271K04/242.31 mi55, Rockbank Crescent, Glenboig, Coatbridge, Lanarkshire ML5 2TB4
£255.1K04/242.36 mi9, Belhaven Place, Glenboig, Coatbridge, Lanarkshire ML5 2TE4
£250K04/242.36 mi5, Belhaven Place, Glenboig, Coatbridge, Lanarkshire ML5 2TE4
£290K02/212.37 mi4, Honeywell Avenue, Stepps, Glasgow G33 6HS4
£280K07/212.37 mi6, Cannock Grove, Glenboig, Coatbridge, Lanarkshire ML5 2TL4
£580.3K02/242.41 mi1, Glenbank Road, Kirkintilloch, Glasgow G66 5AG4
£132.9K11/212.46 mi20, Eildon Road, Kirkintilloch, Glasgow, Dumbarton G66 2BG4
£380K10/212.47 mi10, Birch Drive, Kirkintilloch, Glasgow, Dunbartonshire G66 4PE4
£302.5K04/212.49 mi14, Heatherbank Avenue, Glasgow G69 8EQ4
£431.1K08/212.5 mi4, Laurel Avenue, Kirkintilloch, Glasgow, Dunbartonshire G66 4RU4
£125K12/212.55 mi25, Highfield Avenue, Kirkintilloch, Glasgow, Dumbarton G66 2EE4
£258K11/212.56 mi4, Barony Place, Cumbernauld, Glasgow, Dunbartonshire G68 9NY4
£260K12/212.59 miGu-nainm, Mollinsburn Road, Glenboig, Coatbridge, Lanarkshire ML5 2QE4
£468.3K06/212.62 mi7, Kirkintilloch Road, Kirkintilloch, Glasgow G66 4RW4
£331.7K12/212.64 mi1, Robin Place, Cumbernauld, Glasgow, Dunbartonshire G68 9GB4
£250K05/212.76 mi33, Gartshore Gardens, Cumbernauld, Glasgow, Dunbartonshire G68 9NH4
£240K02/212.79 mi44, Waverley Park, Kirkintilloch, Glasgow, Dmb G66 2BP4
£260.5K04/212.79 mi31, Blantyre Gardens, Cumbernauld G68 9NJ4
£245K10/212.79 mi71, Blantyre Gardens, Cumbernauld, Glasgow, Dunbartonshire G68 9NJ4
£247K11/212.84 mi9, Westergreens Avenue, Kirkintilloch, Glasgow, Dmb G66 4AQ4

Local Rents

51 rents from £600/mo to £2.8K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£85007/240.28 mi-2
£67504/240.35 miBridgeburn Drive, Moodiesburn2
£65004/240.39 mi34, Braeside Avenue, Glasgow, G69 0EQ1
£79512/240.39 mi-2
£72502/250.39 mi-2
£79512/240.44 miLaverock Terrace, Glasgow, G692
£80007/230.51 mi-3
£85012/240.51 mi-3
£60003/250.52 mi-1
£1,60012/240.52 miGlentanar Drive, Moodiesburn4
£80012/240.52 mi-2
£80012/240.52 mi-2
£65004/240.55 mi-1
£85012/240.55 mi-2
£85009/240.55 mi-2
£80001/250.55 mi-2
£99504/240.63 miGlenview Crescent, Moodiesburn, North Lanarkshire, G693
£90012/240.64 miBathlin Crescent, Moodiesburn, Glasgow2
£85007/240.7 mi-2
£85001/250.7 mi-2
£1,80004/240.79 mi-3
£1,15012/240.88 miMillbrae Avenue, Chryston, G693
£69501/251.22 mi-3
£72506/241.26 mi-2
£1,28012/241.58 miCoyle Drive, Gartcosh, Glasgow3
£1,55012/241.73 miDuror Drive, Gartcosh4
£95004/241.74 miBallantyne Brae, Lenzie2
£1,67512/241.81 mi-3
£1,35002/251.89 mi-3
£1,00004/241.9 miOld Gartloch Road, Gartcosh2
£1,19512/241.93 miDungoil Road, Lenzie, G66 5PG3
£90012/241.96 miNew Abbey Road, Gartcosh, Glasgow, G692
£89512/241.97 mi-2
£80003/251.99 mi-2
£69503/251.99 mi-1
£1,05004/251.99 mi-2
£99504/241.99 miSpiderbridge Court, Lenzie, Glagsow2
£2,75004/242.01 miHill View, Woodilee Village4
£1,25012/242.05 miEaster Garngaber Road, Lenzie, Glasgow3
£1,75012/242.13 miEaster Garngaber Road, Lenzie, Glasgow4
£1,45005/242.14 mi-3
£1,35004/242.2 miMerkland Drive, Kirkintilloch, G664
£79512/242.22 miHaystack Place, Lenzie2
£72504/242.22 miHaystack Place, Lenzie1
£1,95011/242.26 mi-4
£1,95009/242.26 mi-4
£1,25002/252.26 mi-3
£1,75012/242.32 miAnne Crescent, Lenzie, Glasgow3
£75004/232.33 mi-2
£95012/242.33 mi-2
£80011/242.33 mi-2

Local Area Statistics

 

 

Rental growth (12m)

+10%

Sales demand

Seller's market

Capital growth (5yrs)

+12%

Property History

Listed for £175,000

February 17, 2025

Floor Plans

Description

  • CLOSING DATE SET MONDAY 24TH FEBRUARY 2025 @ 12PM NOON +
  • Spacious Four-Bedroom Semi-Detached Home With Fantastic Potential +
  • Bright And Airy Lounge +
  • Generous Kitchen/Diner +
  • Four Well-Proportioned Bedrooms Offering Flexibility For Family Living +
  • Detached Garage Providing Great Storage Or Potential For A Workshop +
  • Private Rear Garden With Low-Maintenance Patio Area +
  • Driveway Parking, Offering Space For Multiple Vehicles +
  • Quiet, Family-Friendly Area, Close To Local Amenities +
  • Excellent Transport Links With Easy Access To The M80 And M73 +

*CLOSING DATE SET MONDAY 24TH FEBRUARY 2025 @ 12PM NOON* Located in the well-established Penzance Way, Moodiesburn, this four-bedroom semi-detached home offers fantastic space, a detached garage, and huge potential for modernisation. With bright and airy rooms, generous outdoor space, and a sought-after location, this property is ideal for families looking to create their dream home. The spacious lounge is filled with natural light from the large front-facing window. The room is perfect for relaxing with family and features a traditional fireplace, adding a charming focal point to the space. The well-sized kitchen/diner offers plenty of storage and worktop space, with potential for an open-plan design. A door leads directly to the rear garden, making it perfect for those who love to entertain or enjoy outdoor dining. The property boasts four well-proportioned bedrooms, two on each floor offering flexibility for family living. Whether you need extra sleeping space, a home office, or playroom, this home has you covered. The property features a family bathroom complete with a bath with an overhead shower, wash hand basin and WC.  The rear garden is spacious and offers a low-maintenance patio area, perfect for those who enjoy outdoor living. The property also benefits from a large detached garage, providing fantastic storage or potential for conversion into a workshop or home gym. Situated in a quiet, family-friendly area, this home is within easy reach of local schools, shops, and parks. Moodiesburn offers great transport links, with easy access to the M80 & M73 motorways, making commuting to Glasgow and beyond effortless. Don’t miss this fantastic opportunity! Contact us today to arrange a viewing and explore the potential of this wonderful home. PK0736

Agent Details

eXp UK, Scotland

03304 609968

Next Steps?

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