3 Bed Semi-Detached House, Refurb/BRRR, Glasgow, G62 6HW, £280,000

Dougalston Crescent, Milngavie, G62 6HW - 2 views - 2 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~93 m²
+31 photos

ValuationOvervalued

Sold Prices£167.5K - £814.4K

 

 

Square Metres

~93 m²

Value Estimate

£253,300

 

 

End Value (After Refurb)

£278,438

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£36,263

Bridging Loan Interest

£7,350

Total Cash In

£126,463

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£278,438

Mortgage (After Refinance)

£208,828

Mortgage LTV

75%

Cash Left In

£126,463

Equity

£69,609

Rent Range

£995 - £1,700

Rent Estimate

£1,329

Running Costs/mo

£1,156

Cashflow/mo

£173

Cashflow/yr

£2,077

ROI

2%

Gross Yield

6%

Local Sold Prices

45 sold prices from £167.5K to £814.4K, average is £345K.

PriceDateDistanceAddressBeds 
£409K04/240.01 mi10, Dougalston Crescent, Milngavie, Glasgow, Dunbartonshire G62 6HW3
£285K05/210.27 mi93, Finlay Rise, Milngavie, Glasgow, Dumbarton G62 6QL3
£315K12/210.32 mi103, Finlay Rise, Milngavie, Glasgow, Dunbartonshire G62 6QL3
£255K12/210.32 mi105, Finlay Rise, Milngavie, Glasgow, Dunbartonshire G62 6QL3
£300K02/240.32 mi81, Finlay Rise, Milngavie, Glasgow, Dunbartonshire G62 6QL3
£250K10/210.33 mi54, Strathblane Road, Milngavie, Glasgow, Dumbarton G62 8DH3
£435K02/210.42 mi27, Lynn Drive, Milngavie, Glasgow, Dmb G62 8HL3
£275K02/240.42 mi14, Braefoot Avenue, Milngavie, Glasgow, Dunbartonshire G62 6JZ3
£372.6K08/210.44 mi40, Buchanan Street, Milngavie, Glasgow, Dunbartonshire G62 8AN3
£332K02/240.44 mi9, Cairns Drive, Milngavie, Glasgow, Dunbartonshire G62 8AL3
£473K04/240.44 mi13, Cairns Drive, Milngavie, Glasgow, Dunbartonshire G62 8AL3
£320K07/210.45 mi21, South Mains Road, Milngavie, Glasgow, Dunbartonshire G62 6DD3
£385K03/210.48 mi18, Braeside Avenue, Milngavie, Glasgow, Dumbarton G62 6LH3
£390K05/240.5 mi11, Claremont Gardens, Milngavie, Glasgow, Dunbartonshire G62 6PG3
£347K04/210.53 mi36, South Mains Road, Milngavie, Glasgow, Dumbarton G62 6DQ3
£355K08/210.53 mi54, Braefoot Avenue, Milngavie, Glasgow, Dunbartonshire G62 6JT3
£242K12/210.55 mi39, Clober Road, Milngavie, Glasgow, Dumbarton G62 7SN3
£198K07/210.57 mi20, Sinclair Street, Milngavie, Glasgow, Dunbartonshire G62 8NU3
£298K08/210.59 mi58, Ferguson Avenue, Milngavie, Glasgow, Dunbartonshire G62 7TE3
£598K10/210.61 mi46, Braehead Avenue, Milngavie, Glasgow, Dunbartonshire G62 6DP3
£461.3K08/210.63 mi22, Shaw Road, Milngavie, Glasgow, Dunbartonshire G62 6LX3
£400K02/210.63 mi27, Shaw Road, Milngavie, Glasgow, Dmb G62 6LX3
£175K04/210.63 mi3, Woodlands Street, Milngavie, Glasgow, Dunbartonshire G62 8NX3
£366.3K10/210.64 mi12, Blane Drive, Milngavie, Glasgow, Dunbartonshire G62 8HG3
£345K02/210.64 mi52, Clober Road, Milngavie, Glasgow, Dmb G62 7SR3
£360K01/240.65 mi70, Breadie Drive, Milngavie, Glasgow, Dunbartonshire G62 6LT3
£400K02/240.67 mi3, Mosshead Road, Bearsden, Glasgow, Dunbartonshire G61 3EP3
£311.3K10/210.68 mi59, Roselea Drive, Milngavie, Glasgow, Dunbartonshire G62 8HF3
£352K05/240.73 mi34, Galbraith Drive, Milngavie, Glasgow, Dunbartonshire G62 6NE3
£295K02/240.74 mi3, Craigton Avenue, Milngavie, Glasgow, Dunbartonshire G62 7SZ3
£353.5K04/210.75 mi47, Galbraith Drive, Milngavie, Glasgow, Dunbartonshire G62 6LZ3
£814.4K03/210.76 mi9, Heathfield Drive, Milngavie, Glasgow, Dunbartonshire G62 8AZ3
£448.4K05/240.77 mi24, Beech Avenue, Bearsden, Glasgow, Dunbartonshire G61 3EX3
£500K05/210.78 mi11, Montrose Gardens, Milngavie, Glasgow, Dunbartonshire G62 8NQ3
£210K01/240.8 mi39, Dumgoyne Avenue, Milngavie, Glasgow, Dunbartonshire G62 7NU3
£432.5K05/210.8 mi1, Beech Avenue, Bearsden, Glasgow, Dunbartonshire G61 3EU3
£305K02/240.81 mi2, Clochbar Avenue, Milngavie, Glasgow, Dunbartonshire G62 7JL3
£325K04/240.82 mi28, Craigton Road, Milngavie, Glasgow, Dunbartonshire G62 7JR3
£273.5K02/210.82 mi33, Hawthorn Avenue, Bearsden, Glasgow, Dumbarton G61 3NG3
£375K12/210.86 mi74, Hawthorn Avenue, Bearsden, Glasgow, Dunbartonshire G61 3NQ3
£275.1K10/210.87 mi52, Carbeth Road, Milngavie, Glasgow, Dumbarton G62 7AX3
£286.6K12/210.89 mi44, Craigton Road, Milngavie, Glasgow, Dunbartonshire G62 7JS3
£415.9K04/240.89 mi4, Prestonfield, Milngavie, Glasgow, Dunbartonshire G62 7PZ3
£215K05/240.94 mi20, Learmont Place, Milngavie, Glasgow, Dunbartonshire G62 7DT3
£167.5K03/211 mi57, Craigend Drive West, Milngavie, Glasgow, Dumbarton G62 7BH3

Local Rents

11 rents from £995/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£99512/240.5 miMain Street Allander Court, Milngavie, G623
£1,35010/240.77 mi-3
£1,49512/240.78 mi12 Hawthorn Avenue, Bearsden3
£1,65012/240.8 mi-3
£1,55012/240.86 miHawthorn Avenue, Bearsden, Glasgow, G61 3NQ3
£1,20004/250.88 mi-3
£1,10012/240.89 mi-3
£1,15004/240.89 miCraigdhu Road, Milngavie, Glasgow, G623
£1,10006/240.96 mi-3
£1,32505/231.1 mi-3
£1,70001/241.19 mi-3

Local Area Statistics

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £280,000

February 20, 2025

Description

• Extended three bedroomed semi-detached villa
• Located in Milngavie’s sought after Dougalston district
• Intimate cul-de-sac setting, double feu plot
• Three bedrooms/three public rooms + conservatory
• Modernisation required, great opportunity to redesign according to taste/budget
• Milngavie Primary & Douglas Academy catchment area
• Off street driveway parking and detached double storey garage
• Superb garden space to rear – south/westerly orientation

Constructed post war by renowned builder John Lawrence, this three bedroomed semi-detached villa enjoys a fabulous location in Milngavie’s Dougalston district, just to the south east of the Village centre, and forms part of an intimate cul-de-sac of similarly styled properties. Set upon a large, well established ‘double feu’ plot with notably generous garden space, the potential for development here really is fabulous with significant value there to be added.

As first-hand inspection and review of the surveyors Home Report will showcase, a programme of upgrading/modernisation is required (of course price reflected), with the successful bidding party afforded exciting scope to implement their own design/aesthetic ideas. A number of years ago, the property was extended to its rear and side elevations, with the potential for further/alternative augmentation evident (subject to necessary warrants/permissions). In current form, the three public/three bedroom layout is more than comfortable and will suit smaller/growing families.

Early viewing is advised

Summary of Accommodation

Reception hallway, lounge with feature fireplace, dining room, sitting room, conservatory, shower room, three bedrooms (two doubles and additional single room)

Situation

Milngavie remains one of Glasgow’s foremost residential districts, with a charming pedestrianised village centre with a good range of quality independent retailers along with the High Street names of Boots, Marks & Spencer, and Tesco. Additionally, at the Burnbrae Retail Park, are a large Waitrose, an Aldi, and a Home Bargains. The village has some coffee shops and restaurants and importantly, a railway station with regular links into Glasgow’s city centre and West End, including a service to Edinburgh Waverley. There are some wonderful walks nearby including the aforementioned Dougalston Woods but also through Allander Park, Drumclog Moor to Mugdock Country Park, and around the Mugdock and Craigmaddie Reservoirs. Milngavie is famed for being the start/finish of The West Highland Way. On Strathblane Road is the excellent private Nuffield Health & Wellness Club, and Golf Club, with a recently opened £42m Local Authority Sports Centre (The Allander Leisure Centre) in neighbouring Bearsden.

For those with children, school catchment is for the much-admired Milngavie Primary (at the village centre) and for the high performing Douglas Academy at Mains Estate.

SAT NAV REF: G62 6HW

TENURE: FREEHOLD
EPC : BAND D
COUNCIL TAX : BAND F

EPC Rating: D
Council Tax Band: F

Agent Details

Rettie, Bearsden

0141 673 9751

Next Steps?

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

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