3 Bed Terraced House, Refurb/BRRR, Glenrothes, KY7 4SL, £95,000

29 Melville Close, Glenrothes, KY7 4SL - 1 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£72K - £250K

 

 

Square Metres

~93 m²

Value Estimate

£95,200

 

 

End Value (After Refurb)

£91,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Refurb Costs

£38,000

Bridging Loan Interest

£2,494

Total Cash In

£70,044

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£91,750

Mortgage (After Refinance)

£68,813

Mortgage LTV

75%

Cash Left In

£70,044

Equity

£22,938

Rent Range

£750 - £995

Rent Estimate

£850

Running Costs/mo

£477

Cashflow/mo

£373

Cashflow/yr

£4,479

ROI

6%

Gross Yield

11%

Local Sold Prices

48 sold prices from £72K to £250K, average is £115K.

PriceDateDistanceAddressBeds 
£145K12/210.02 mi35, Melville Close, Glenrothes, Fife KY7 4SL3
£105K04/210.12 mi10, Urquhart Green, Glenrothes, Fife KY7 4SP3
£72K08/210.12 mi22, Urquhart Green, Glenrothes, Fife KY7 4SP3
£127K12/210.12 mi22, Urquhart Green, Glenrothes, Fife KY7 4SP3
£112.5K11/210.15 mi26, Sorn Green, Glenrothes, Fife KY7 4SF3
£107K05/240.15 mi9, Sorn Green, Glenrothes, Fife KY7 4SF3
£112K10/210.2 mi30, Drum Close, Glenrothes, Fife KY7 4SE3
£105.5K09/210.2 mi19, Drum Close, Glenrothes, Fife KY7 4SE3
£105K04/210.24 mi28, Fyvie Green, Glenrothes, Fife KY7 4SB3
£122K10/210.25 mi33, Mey Green, Glenrothes, Fife KY7 4SA3
£250K02/210.27 mi36, Balmanno Green, Glenrothes, Ffe KY7 4TD3
£98K05/210.29 mi391, Megginch Place, Glenrothes, Fife KY7 4PT3
£91.5K10/210.29 mi367, Megginch Place, Glenrothes, Fife KY7 4PT3
£80K01/210.29 mi373, Megginch Place, Glenrothes, Fife KY7 4PT3
£92K04/210.29 mi370, Megginch Place, Glenrothes, Fife KY7 4PT3
£112K05/240.29 mi376, Megginch Place, Glenrothes, Fife KY7 4PT3
£130K11/210.35 mi552, Blair Avenue, Glenrothes, Fife KY7 4RG3
£231K08/240.39 mi17, Cornhill Road, Glenrothes, Ffe KY7 4TJ3
£197K08/210.41 mi6, Burrelton Court, Glenrothes, Fife KY7 4UN3
£130K08/240.42 mi388, Cluny Place, Glenrothes, Ffe KY7 4RA3
£125K05/240.42 mi415, Cluny Place, Glenrothes, Fife KY7 4RA3
£110K02/240.43 mi259, Colliston Avenue, Glenrothes, Fife KY7 4PP3
£95K03/210.43 mi284, Colliston Avenue, Glenrothes, Fife KY7 4PP3
£115K04/210.44 mi472, Blair Avenue, Glenrothes, Fife KY7 4RE3
£116.5K02/240.44 mi495, Blair Avenue, Glenrothes, Fife KY7 4RE3
£98K02/210.44 mi436, Cluny Place, Glenrothes, Fife KY7 4RB3
£180K08/210.48 mi8, Auchmithie Place, Glenrothes, Fife KY7 4TY3
£110K05/210.48 mi153, Altyre Avenue, Glenrothes, Fife KY7 4PZ3
£105K12/210.49 mi137, Dunbeath Drive, Glenrothes, Fife KY7 4PN3
£95K01/210.49 mi144, Dunbeath Drive, Glenrothes, Fife KY7 4PN3
£180.5K06/210.5 mi12, Almondbank, Glenrothes KY7 4US3
£105K05/210.52 mi262, Cluny Place, Glenrothes, Fife KY7 4QU3
£105.9K08/210.55 mi97, Dunbeath Drive, Glenrothes, Fife KY7 4PJ3
£135K08/240.55 mi107, Dunbeath Drive, Glenrothes, Ffe KY7 4PJ3
£126K08/240.55 mi71, Dunbeath Drive, Glenrothes, Ffe KY7 4PJ3
£115K11/210.55 mi41, Inveraray Avenue, Glenrothes, Fife KY7 4QW3
£131K08/210.57 mi49, Skibo Avenue, Glenrothes, Fife KY7 4PX3
£120K08/240.57 mi80, Inveraray Avenue, Glenrothes, Ffe KY7 4QP3
£104K06/210.62 mi38, Inveraray Avenue, Glenrothes, Fife KY7 4QN3
£203.8K06/210.64 mi46, Auchavan Gardens, Glenrothes, Fife KY7 4TU3
£90K12/200.66 mi114, Inveraray Avenue, Glenrothes, Ffe KY7 4QR3
£195K10/210.7 mi44, Well Gardens, Glenrothes, Fife KY7 5HW3
£215K03/210.7 mi7, Parbroath Road, Glenrothes, Fife KY7 4TH3
£250K06/210.7 mi14, Lochtyview Gardens, Thornton, Kirkcaldy, Fife KY1 4BP3
£195K02/240.74 mi43, Woodlea Grove, Glenrothes, Fife KY7 4AE3
£141.5K08/240.74 mi78, Woodlea Grove, Glenrothes, Ffe KY7 4AE3
£175K05/240.74 mi40, Woodlea Grove, Glenrothes, Fife KY7 4AE3
£101.8K09/210.74 mi36, Well Road, Glenrothes, Fife KY7 5HL3

Local Rents

12 rents from £750/mo to £995/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85003/250.13 mi-3
£85003/250.13 mi-3
£86003/250.14 mi-3
£89506/240.48 mi-3
£85012/240.62 mi-3
£85009/240.62 mi-3
£85004/240.95 miArdross Court, Pitteuchar, Glenrothes3
£75004/251.01 mi-3
£83012/241.08 mi-3
£86001/251.08 mi-3
£76012/241.1 mi-3
£99511/241.11 mi-3

Local Area Statistics

Population in Glenrothes

46,768

Town centre distance

1.50 miles away

Nearest school

0.30 miles away

Nearest train station

1.27 miles away

 

 

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £95,000

February 20, 2025

Floor Plans

Description

  • Terraced Villa in popular Stenton precinct +
  • In need of some modernisation +
  • Lounge/Dining Room +
  • Kitchen +
  • 3 Bedrooms +
  • Wet Room with Shower +
  • GCH & DG +
  • Council Tax Band A +
  • EPC - C +

Are you looking to upgrade a property and put your own stamp on it? This one could be for you! In need of some modernisation but offering spacious family accommodation throughout. Comprising of hallway, lounge/dining room, kitchen, 3 double bedrooms and wet room with shower. Gas central heating and double glazing. Gardens to front and rear.

Hallway - Entrance to the property into the hallway with utility cupboard and further under stair cupboard. Access to lounge/dining room and stairs to upper landing

Lounge/Dining Room - 6.31m x 3.53m (20'8" x 11'6") - Good sized room with windows and french doors to one side. Ample space for dining table and chairs and archway into kitchen

Kitchen - 2.87m x 3.30m (9'4" x 10'9") - Fitted with base and wall units. Please note that the items as seen may be left in the property, not as included in the sale price but as a gesture of goodwill as no warranty will be given on them.

Bedroom - 4.18m x 2.63m (13'8" x 8'7") - Double bedroom facing the rear of the property

Bedroom - 2.87m x 3.30m (9'4" x 10'9") - Double bedroom facing the front of the property

Bedroom - 1.39m x 1.28m (4'6" x 4'2") - Further double bedroom facing the front of the property

Wet Room - 1.39m x 1.28m (4'6" x 4'2") - Fitted wet room with shower, wash hand basin and wc

Gardens - Gardens to front and rear. Both are in need of some attention but provide good sized outdoor space

Viewing by appointment!

Agent Details

Innes Johnston LLP, Glenrothes

01592 802137

Next Steps?

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