2 Bed Bungalow, Refurb/BRRR, Paisley, PA2 9PB, £190,000

Fauldswood Crescent, Paisley, Renfrewshire, PA2 9PB - a month ago

Refurb/BRRR
ROI: 1%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£50K - £248K

 

 

Square Metres

~68.11 m²

Value Estimate

£168,750

 

 

End Value (After Refurb)

£183,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£26,491

Bridging Loan Interest

£4,988

Total Cash In

£91,429

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£183,000

Mortgage (After Refinance)

£137,250

Mortgage LTV

75%

Cash Left In

£91,429

Equity

£45,750

Rent Range

£650 - £1,150

Rent Estimate

£874

Running Costs/mo

£767

Cashflow/mo

£107

Cashflow/yr

£1,288

ROI

1%

Gross Yield

6%

Local Sold Prices

30 sold prices from £50K to £248K, average is £117K.

PriceDateDistanceAddressBeds 
£125K12/210.14 mi14, Moorhouse Avenue, Paisley, Renfrewshire PA2 9NX2
£141K08/210.19 mi11, Sunnylaw Drive, Paisley, Renfrewshire PA2 9NU2
£175K02/240.22 mi28, Rosewood Avenue, Paisley, Renfrewshire PA2 9NJ2
£183K06/210.34 miFlat 3, Hill House, Stanely Road, Paisley, Renfrewshire PA2 6HG2
£218K02/240.35 mi15, Victoria Road, Paisley, Renfrewshire PA2 9PT2
£115.5K04/240.41 mi41, Lochinver Crescent, Paisley, Renfrewshire PA2 9EX2
£105K02/240.49 mi9, Lochbroom Drive, Paisley, Renfrewshire PA2 9DB2
£130K04/210.5 mi34, Cromptons Grove, Paisley, Renfrewshire PA1 2NF2
£105.2K05/240.56 mi14, Gareloch Avenue, Paisley, Renfrewshire PA2 9BP2
£100K06/210.57 mi81, Morar Drive, Paisley, Renfrewshire PA2 9QP2
£110K07/210.65 mi63, Moorfoot Avenue, Paisley PA2 8AB2
£137.5K10/210.77 mi9, Gifford Wynd, Paisley, Renfrewshire PA2 0PF2
£140K02/240.77 mi85, Stravaig Walk, Paisley, Renfrewshire PA2 0RX2
£208K06/210.82 mi19, Campsie Drive, Paisley, Renfrewshire PA2 8DP2
£117K05/210.85 mi302, Castle Gait, Paisley, Renfrewshire PA1 2DT2
£125K03/210.86 mi69, Castleview Drive, Paisley, Renfrewshire PA2 8ED2
£135K12/210.87 mi46, Robertsons Gait, Paisley, Renfrew PA2 6DN2
£106K03/210.88 mi106, Castle Gait, Paisley, Renfrewshire PA1 2BW2
£105K12/210.88 mi105, Glencoats Drive, Paisley, Renfrewshire PA3 1RP2
£106K12/210.88 mi103, Glencoats Drive, Paisley PA3 1RP2
£50K02/240.89 mi45, Montrose Road, Paisley, Renfrewshire PA2 0LR2
£86K06/210.9 mi25, Tummell Way, Paisley, Renfrewshire PA2 0EH2
£90K04/210.9 mi188, Whitesbridge Avenue, Paisley, Renfrewshire PA3 3BT2
£101K03/210.91 mi5, Highfield Avenue, Paisley, Renfrewshire PA2 8LG2
£117K02/240.91 mi2, Dinmont Avenue, Paisley, Renfrewshire PA2 0DU2
£118K12/210.92 mi14, Limecraigs Road, Paisley, Renfrewshire PA2 8RB2
£117K07/210.93 mi24, Foxbar Road, Paisley, Renfrewshire PA2 0AY2
£248K08/240.94 mi38, Southfield Avenue, Paisley, Ren PA2 8BX2
£115K09/210.99 mi111, Braehead Road, Paisley, Renfrewshire PA2 8QB2
£150K02/240.99 mi109, Fisher Drive, Paisley, Renfrewshire PA1 2TP2

Local Rents

38 rents from £650/mo to £1.1K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£1,09512/240.07 mi-2
£1,10008/240.07 mi-2
£1,10003/250.07 mi-2
£97506/240.16 miVictoria Gardens, Paisley2
£77512/240.17 miLounsdale Road, Paisley, Renfrewshire, PA22
£85006/240.47 mi-2
£82507/240.47 miTurners Avenue, Paisley, Renfrewshire, PA12
£85009/240.47 miTurners Avenue, Paisley, Renfrewshire, PA12
£1,15001/240.49 mi-2
£1,07508/240.5 mi-2
£1,07510/240.5 mi-2
£1,05002/250.5 mi-2
£1,00003/250.5 mi-2
£1,00008/240.5 mi-2
£70003/240.51 mi-2
£72506/240.51 mi-2
£75003/250.51 mi-2
£95006/240.51 miFriarshall Gate Paisley2
£85011/230.54 mi-2
£72505/240.54 mi-2
£80007/240.54 miFerguslie Walk, Paisley, PA12
£79508/240.54 miFerguslie Walk, Paisley, PA12
£78508/240.54 miFerguslie Walk, Paisley, PA12
£80009/240.54 miFerguslie Walk, Paisley2
£80011/240.55 mi-2
£75007/240.55 mi-2
£95005/240.55 mi-2
£95008/240.55 mi-2
£70006/240.56 miGreen Road, Paisley2
£75007/240.57 miFerguslie Walk, Paisley, Renfrewshire, PA12
£65007/240.59 mi-2
£1,10006/240.59 mi-2
£1,05005/240.59 mi-2
£65006/240.6 mi-2
£80003/250.61 mi-2
£85006/240.62 miJohn Neilson Avenue, Paisley, Renfrewshire, PA12
£80008/240.62 miJohn Neilson Avenue, Paisley, Renfrewshire, PA12
£80008/240.62 miJohn Neilson Avenue, Paisley2

Local Area Statistics

Population in Paisley

86,381

Town centre distance

0.96 miles away

Nearest school

0.50 miles away

Nearest train station

1.03 miles away

 

 

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £190,000

February 21, 2025

Floor Plans

Description

  • SOUGHT AFTER LOCATION +
  • SEMI DETACHED BUNGALOW +
  • REQUIRES MODERNISATION +
  • GENEROUS SIZE BAY WINDOWED LOUNGE +
  • 2 DOUBLE BEDROOMS +
  • NEWLY REFITTED SHOWER ROOM +
  • GARDENS TO FRONT AND REAR +

McKirdy Estate Agents offer to the market this desirable Semi Detached Bungalow, requiring a degree of modernisation throughout.

The property positioned within a much sought after location, offering on the level
accommodation comprising, Entrance Hallway with useful storage cupboard. Generous sized Bay windowed Lounge. Bedroom One is an excellent size room to the front of the property. Bedroom Two is also a double room located to the rear. The Kitchen requires full modernisation and gives access to the rear garden. The modern refitted Shower Room with W.C, wash hand basin and cubicle housing shower, complemented with stylish wet wall panelling.

The property has electric heating and double glazing, however would benefit from upgrading.

There are gardens to both front and rear with an extensive driveway to the size, providing off street parking for several cars.

Tenure: Freehold
EPC Rating: E
Council Tax Band: D

Agent Details

McKirdy Estate Agents, Glasgow

0141 459 0548

Next Steps?

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