3 Bed Terraced House, Refurb/BRRR, Glenrothes, KY6 1EB, £115,000

Burns Road, Glenrothes, Fife, KY6 1EB - 2 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£65K - £213.2K

 

 

Square Metres

~93 m²

Value Estimate

£108,000

 

 

End Value (After Refurb)

£108,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Refurb Costs

£38,000

Bridging Loan Interest

£3,019

Total Cash In

£76,169

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£108,500

Mortgage (After Refinance)

£81,375

Mortgage LTV

75%

Cash Left In

£76,169

Equity

£27,125

Rent Range

£695 - £995

Rent Estimate

£817

Running Costs/mo

£522

Cashflow/mo

£295

Cashflow/yr

£3,534

ROI

5%

Gross Yield

9%

Local Sold Prices

46 sold prices from £65K to £213.2K, average is £114K.

PriceDateDistanceAddressBeds 
£145K06/210.04 mi41, Burns Road, Glenrothes, Fife KY6 1EB3
£115.5K02/210.1 mi6, Stevenson Avenue, Glenrothes, Fife KY6 1EG3
£130K11/210.13 mi19, Buchan Path, Glenrothes, Fife KY6 1EH3
£128.2K09/210.15 mi44, Stevenson Avenue, Glenrothes, Fife KY6 1EQ3
£138K02/240.18 mi17, Myrtle Avenue, Glenrothes, Fife KY6 1HH3
£108K11/210.18 mi3, South Parks Road, Glenrothes, Fife KY6 1BL3
£190K07/240.19 mi26, Hazel Hill, Glenrothes, Fife KY6 1HG3
£112.5K01/210.19 mi1, Carlyle Road, Glenrothes, Ffe KY6 1AQ3
£155.5K12/210.19 mi2, South Parks Road, Glenrothes, Fife KY6 1BL3
£95K03/210.2 mi16, Lumsden Road, Glenrothes, Fife KY7 4LS3
£95K01/210.23 mi2, Rimble Loan, Glenrothes, Ffe KY6 2DS3
£65K05/240.23 mi20, Hamilton Place, Glenrothes, Fife KY6 1AJ3
£213.2K07/240.24 mi9, Willow Crescent, Glenrothes, Fife KY6 1EU3
£118K02/240.27 mi27, Adamson Place, Glenrothes, Fife KY6 2AU3
£135K05/240.28 mi12, Bilsland Road, Glenrothes, Fife KY6 2DX3
£97K02/210.28 mi29, Bilsland Road, Glenrothes, Ffe KY6 2DX3
£180K05/210.31 mi32, Willow Crescent, Glenrothes, Fife KY6 1EY3
£103.5K12/210.31 mi2, Innes Road, Glenrothes, Fife KY6 1AW3
£130.5K06/210.32 mi9, Torridon Place, Glenrothes, Fife KY6 2ER3
£160K02/240.33 mi39, Cameron Crescent, Glenrothes, Fife KY6 1EN3
£130K10/210.35 mi63, Bilsland Road, Glenrothes, Fife KY6 2DZ3
£135K07/210.36 mi4, Cunningham Place, Glenrothes, Fife KY6 1AS3
£103.5K06/210.36 mi19, Ryan Road, Glenrothes, Fife KY6 2EN3
£154K05/240.37 mi18, Cameron Crescent, Glenrothes, Fife KY6 1EW3
£101K08/210.41 mi91, Scott Road, Glenrothes, Fife KY6 1AG3
£120K12/210.41 mi89, Scott Road, Glenrothes, Fife KY6 1AG3
£82K07/210.46 mi4, Beauly Court, Glenrothes, Fife KY6 2EJ3
£182K04/240.48 mi31, Elm Lane, Glenrothes, Fife KY7 5TD3
£96K07/210.48 mi58, Broom Road, Glenrothes, Fife KY6 2BQ3
£132K04/240.49 mi157, South Parks Road, Glenrothes, Fife KY6 1NS3
£103.5K02/210.51 mi66, Broom Road, Glenrothes, Ffe KY6 2BQ3
£107K08/240.52 mi22, Warout Walk, Glenrothes, Ffe KY7 4JR3
£72.8K06/210.52 mi11, Dunvegan Court, Glenrothes, Fife KY6 2BL3
£112.5K06/210.52 mi23, Dunvegan Court, Glenrothes, Fife KY6 2BL3
£72K08/240.52 mi1, Dunvegan Court, Glenrothes, Ffe KY6 2BL3
£105K08/210.54 mi26, Durness Court, Glenrothes, Fife KY6 2BJ3
£115K02/240.54 mi25, Sinclair Avenue, Glenrothes, Fife KY6 1BD3
£96K08/240.56 mi11, Warout Brae, Glenrothes, Ffe KY7 4JP3
£115K05/210.56 mi1, Aline Court, Glenrothes KY6 2BX3
£113K05/210.57 mi7, Shiel Court, Glenrothes, Fife KY6 2BU3
£134.6K09/210.59 mi3, Brunton Quadrant, Glenrothes, Fife KY7 4EQ3
£100K06/210.6 mi9, Woodside Road, Glenrothes, Fife KY7 4DP3
£68K09/210.61 mi41, Lothian Court, Glenrothes, Fife KY6 1LZ3
£130K07/210.61 mi11, Ardross Court, Glenrothes, Fife KY6 2SP3
£108K08/240.62 mi28, Cromarty Court, Glenrothes, Ffe KY6 2NY3
£112K01/210.62 mi66, Ardross Place, Glenrothes, Fife KY6 2SQ3

Local Rents

19 rents from £695/mo to £995/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£80003/240.07 mi-3
£94503/250.45 mi-3
£83012/240.46 mi-3
£86001/250.46 mi-3
£69504/240.52 miChurch Street, Glenrothes, KY73
£76012/240.56 mi-3
£75004/250.56 mi-3
£85004/240.65 miArdross Court, Pitteuchar, Glenrothes3
£79512/240.73 miJenny Gray Path, Glenrothes, KY73
£80004/250.87 mi-3
£75004/240.87 miJulian Road, Glenrothes3
£73503/240.91 mi-3
£82501/250.91 mi-3
£80003/250.91 mi-3
£99504/250.94 mi-3
£85012/240.97 mi-3
£85009/240.97 mi-3
£89506/241.15 mi-3
£88512/241.16 mi-3

Local Area Statistics

Population in Glenrothes

46,768

Town centre distance

0.13 miles away

Nearest school

0.20 miles away

Nearest train station

1.93 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Listed for £115,000

February 20, 2025

Floor Plans

Description

  • Three bedroom mid terraced house in South Parks +
  • Generous living room with patio doors to garden +
  • Fitted kitchen with appliances & Shower room +
  • Ample storage throughout +
  • Generous rear garden +
  • D.G Gas C.H +

Nestled in the heart of South Parks, this delightful mid-terraced family home benefits from Riverside Park and the bustling town centre just a stone's throw away, so you'll have everything you need right on your doorstep.

This home features three generous bedrooms, each with ample wardrobe space, providing plenty of storage for the whole family. The living and dining area is spacious, making it perfect for family gatherings and entertaining guests. The kitchen and bathroom, while in need of some modernisation, offer a fantastic opportunity to put your own stamp on the home.

Enjoy the outdoors in your private rear garden, ideal for relaxing or gardening enthusiasts. Ample on-street parking is available for residents and visitors, adding to the convenience of this charming property.

This property is a fantastic opportunity for those looking to create their dream home in a prime location. Don't miss out on making this charming house your new family home!

For more information or to arrange a viewing, please contact us today.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

GLE250095/2

Agent Details

YOUR MOVE, Glenrothes

01592 802266

Next Steps?

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