2 Bed Flat, Refurb/BRRR, Glasgow, G33 2DR, £109,950

Gadie Street, Riddrie, G33 2DR - 2 months ago

Sold STC

Refurb/BRRR

ROI: 14%

~68 m²

+13 photos

ValuationFair Value

Sold Prices	£40K - £215.3K

Square Metres	~68.11 m²
Value Estimate	£109,000£109,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£27,488£27,488
Stamp Duty & Legal Fees	£6,698£6,698
Refurb Costs	£26,558£26,558
Bridging Loan Interest	£2,886£2,886
Total Cash In	£65,379£65,379

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Rent Range	£790 - £1,250£790 - £1,250
Rent Estimate	£993
Running Costs/mo	£219£219
Cashflow/mo	£774£774
Cashflow/yr	£9,293£9,293
ROI	14%14%
Gross Yield	11%11%

Local Sold Prices

30 sold prices from £40K to £215.3K, average is £93.7K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£92K	05/21	0.16 mi	64, Don Street, Glasgow G33 2BU	-	-	2	Flat
£109K	05/21	0.16 mi	101, Brora Street, Glasgow G33 2DA	-	-	2	Flat
£100.5K	03/21	0.22 mi	40, Brora Street, Glasgow G33 2BZ	-	-	2	Flat
£92.2K	06/21	0.22 mi	48, Brora Street, Glasgow G33 2BZ	-	-	2	Flat
£110K	12/21	0.22 mi	99, Liberton Street, Glasgow G33 2HL	-	-	2	Flat
£120K	08/21	0.23 mi	43, Longford Street, Glasgow G33 2HQ	-	-	2	Flat
£111K	02/21	0.34 mi	136, Liberton Street, Glasgow, Gla G33 2HW	-	-	2	Flat
£87K	02/21	0.34 mi	138, Liberton Street, Glasgow G33 2HW	-	-	2	Flat
£92K	12/21	0.34 mi	112, Warriston Crescent, Carntyne, Glasgow G33 2JN	-	-	2	Flat
£95.5K	03/21	0.45 mi	236, Liberton Street, Glasgow G33 2HP	-	-	2	Flat
£91.5K	04/21	0.45 mi	210, Liberton Street, Glasgow G33 2HP	-	-	2	Flat
£132K	02/24	0.46 mi	287, Liberton Street, Glasgow G33 2HR	-	-	2	Flat
£105K	09/21	0.59 mi	40, Fettes Street, Glasgow G33 3BQ	-	-	2	Flat
£78K	05/21	0.6 mi	14, Loretto Street, Glasgow G33 3DA	-	-	2	Flat
£75K	07/21	0.61 mi	212, Inverleith Street, Glasgow G32 6EP	-	-	2	Flat
£133K	02/24	0.64 mi	278, Warriston Street, Glasgow G33 3AU	-	-	2	Flat
£82K	03/21	0.65 mi	679, Royston Road, Glasgow G21 2DS	-	-	2	Flat
£120K	11/21	0.66 mi	250, Morningside Street, Glasgow G33 3AN	-	-	2	Flat
£95.3K	06/21	0.67 mi	25, Lockhart Street, Glasgow G21 2AP	-	-	2	Flat
£80K	06/21	0.72 mi	236, Rigby Street, Glasgow G32 6DG	-	-	2	Flat
£80K	06/21	0.72 mi	236, Rigby Street, Glasgow G32 6DG	-	-	2	Flat
£97.5K	08/21	0.81 mi	23, Arniston Street, Glasgow G32 6PF	-	-	2	Flat
£130K	06/21	0.82 mi	317, 0/2, Golfhill Drive, Glasgow G31 2NZ	-	-	2	Flat
£40K	06/21	0.84 mi	17, Whitburn Street, Glasgow G32 6PG	-	-	2	Flat
£43.5K	10/21	0.84 mi	13, Whitburn Street, Glasgow G32 6PE	-	-	2	Flat
£100K	08/21	0.88 mi	813, Carntyne Road, Glasgow G32 6LS	-	-	2	Flat
£215.3K	02/21	0.92 mi	41, 2/2, Garthland Driver, Glasgow, Gla G31 2RE	-	-	2	Flat
£73K	05/21	0.97 mi	43, Cardowan Road, Glasgow G32 6RT	-	-	2	Flat
£80K	05/21	0.99 mi	234, Haymarket Street, Glasgow G32 6QX	-	-	2	Flat
£72.5K	11/21	0.99 mi	7, Greyfriars Street, Glasgow G32 6RJ	-	-	2	Flat

Local Rents

37 rents from £790/mo to £1.3K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£995	04/24	0.04 mi	-	2	Flat
£895	12/24	0.04 mi	-	2	Flat
£995	02/25	0.04 mi	-	2	Flat
£995	04/24	0.04 mi	Don Street, Glasgow, G33	2	Flat
£995	12/24	0.04 mi	Don Street, Glasgow, G33	2	Flat
£900	04/24	0.04 mi	Gough Street, Riddrie, G33	2	Flat
£795	12/24	0.18 mi	-	2	Flat
£1,250	12/24	0.21 mi	-	2	Flat
£1,250	04/24	0.21 mi	Cumbernauld Road, Glasgow, G33	2	Flat
£950	12/24	0.31 mi	Edinburgh Road, Dennistoun, Glasgow, G33 2EB	2	Flat
£925	12/24	0.31 mi	Morningside Street, Riddrie, Glasgow, G33 2LT	2	Flat
£790	12/24	0.33 mi	-	2	Flat
£900	04/24	0.4 mi	-	2	Flat
£1,100	10/24	0.4 mi	-	2	Flat
£900	04/24	0.4 mi	Aberfoyle Street, Glasgow, G31	2	Flat
£900	01/24	0.41 mi	-	2	Terraced House
£925	04/24	0.41 mi	11 Aberfeldy Street, Glasgow, G31	2	Flat
£950	12/24	0.42 mi	-	2	Flat
£845	04/24	0.44 mi	Aberfeldy Street, Dennistoun, Glasgow, G31	2	Flat
£890	10/24	0.44 mi	-	2	Flat
£1,050	12/23	0.47 mi	-	2	Flat
£1,200	04/24	0.48 mi	Kennyhill Square, Dennistoun	2	Flat
£1,200	03/25	0.48 mi	-	2	Flat
£950	04/24	0.48 mi	Cumbernauld Road, Glasgow, G31	2	Flat
£950	04/24	0.48 mi	-	2	Flat
£950	02/25	0.48 mi	-	2	Flat
£795	04/24	0.5 mi	Cumbernauld Road,Glasgow,G31	2	Flat
£1,100	12/23	0.51 mi	-	2	Flat
£1,200	04/24	0.51 mi	Alexandra Parade, Glasgow, G31 3LN	2	Terraced House
£1,200	04/24	0.53 mi	Sannox Gardens, Dennistoun, G31	2	Flat
£875	04/24	0.56 mi	Cumbernauld Road, Glasgow, G31	2	Flat
£995	04/24	0.56 mi	Alexandra Parade, Dennistoun	2	Flat
£899	04/24	0.57 mi	-	2	Flat
£899	04/24	0.57 mi	-	2	Flat
£1,150	04/24	0.59 mi	Alexandra Park Street, Glasgow	2	Flat
£1,100	04/24	0.59 mi	Alexandra Park Street, Glasgow	2	Flat
£975	12/24	0.6 mi	-	2	Flat

Local Area Statistics


Rental growth (12m)	+21%+21%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+45%+45%

Property History

Listed for £109,950

February 21, 2025

Floor Plans

Description

Traditional Preferred First Floor Flat +
Welcoming Entrance Hallway +
Bright Spacious Bay-windowed Lounge +
Fitted Kitchen +
Two Good Sized Bedrooms +
Shower Room +
Gas Central Heating +
Double Glazing +
Well Kept Close + Communal Areas +
Secure Door Entry System +

*CLOSING DATE SET FOR TUESDAY 4TH MARCH 2025 @ 12PM* *HD VIDEO AVAILABLE* Keys Estate Agents are delighted to present to the market, this traditional preferred first floor flat, set within the popular address of Gadie Street, Riddrie. The property on offer comprises welcoming entrance hallway, bright spacious bay-windowed lounge, fitted kitchen, two good sized bedrooms and shower room. The property is in need of modernisation, benefiting from gas central heating, double glazing, secure door entry system and well kept close + communal areas. A perfect opportunity for any first time buyers, working professionals and developers. Early viewing strongly advised to avoid disappointment!!

Located close to local amenities and public transport routes with easy access to Glasgow City Centre, Glasgow Fort Shopping Centre and Glasgow Forge. Walking distance to local shops and eateries.

Agent Details

Keys Estate Agents, Glasgow

0141 673 9446

Next Steps?

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