2 Bed Terraced House, Refurb/BRRR, Glasgow, G72 9HU, £90,000

Northway, Blantyre, Glasgow, South Lanarkshire, G72 9HU - 4 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 8%
~68 m²
+17 photos

ValuationOvervalued

Sold Prices£67.5K - £320K

 

 

Square Metres

~68.11 m²

Value Estimate

£86,825

 

 

End Value (After Refurb)

£84,563

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Refurb Costs

£26,527

Bridging Loan Interest

£2,363

Total Cash In

£57,040

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£84,563

Mortgage (After Refinance)

£63,422

Mortgage LTV

75%

Cash Left In

£57,040

Equity

£21,141

Rent Range

£695 - £1,150

Rent Estimate

£804

Running Costs/mo

£445

Cashflow/mo

£359

Cashflow/yr

£4,307

ROI

8%

Gross Yield

11%

Local Sold Prices

47 sold prices from £67.5K to £320K, average is £113.5K.

PriceDateDistanceAddressBeds 
£100K12/210.13 mi26, Northway, Blantyre, Glasgow, Lanarkshire G72 9HT2
£92K12/210.27 mi24, Cypress Avenue, Blantyre, Glasgow, Lanarkshire G72 9QE2
£132K04/210.34 mi29, Jura Drive, Blantyre, Glasgow, Lanarkshire G72 9LJ2
£85K07/210.39 mi51, Holmswood Avenue, Blantyre, Glasgow, Lanarkshire G72 9EL2
£105K08/210.5 mi13, Oaklea Crescent, Blantyre G72 9PX2
£130K06/210.51 mi52, Manus Duddy Court, Blantyre, Glasgow, Lanarkshire G72 9DE2
£130K06/210.51 mi52, Manus Duddy Court, Blantyre, Glasgow G72 9DE2
£95K04/210.56 mi15, Wheatland Avenue, Blantyre, Glasgow, Lanarkshire G72 9QU2
£93K03/210.62 mi27, Ennisfree Road, Blantyre, Glasgow, Lanark G72 9AP2
£75K07/210.98 mi6, Sandale Path, Blantyre, Glasgow, Lanarkshire G72 0RR2
£165K04/211.15 mi19, Clyde Terrace, Bothwell, Glasgow, Lanarkshire G71 8DX2
£113.5K12/211.21 mi151, Main Street, Blantyre, Glasgow, Lanarkshire G72 0EL2
£67.5K08/211.3 mi3, Sutherland Street, Blantyre, Glasgow, Lanarkshire G72 0DU2
£320K03/211.3 mi1, The Lindens, Bothwell, Glasgow, Lanark G71 8LS2
£100K07/211.31 mi11, St. Brides Way, Bothwell, Glasgow G71 8QQ2
£142.8K07/211.31 mi28, Baillie Drive, Bothwell, Glasgow, Lanarkshire G71 8QJ2
£148K11/211.31 mi19, Baillie Drive, Bothwell, Glasgow, Lan G71 8QJ2
£133K06/211.32 mi103, Parkville Drive, Blantyre, Glasgow, Lanarkshire G72 0LF2
£120K08/211.32 mi10, Barbae Place, Bothwell, Glasgow, Lan G71 8LL2
£96K12/211.34 mi129, Burnside Crescent, Blantyre, Glasgow, Lanarkshire G72 0LE2
£100K04/211.35 mi48, Glasgow Road, Blantyre, Glasgow, Lanarkshire G72 0JX2
£110K02/211.4 mi32, Hume Drive, Bothwell, Glasgow, Lanark G71 8LN2
£77K12/211.45 mi6, Atholl Court, Blantyre, Glasgow, Lanarkshire G72 0YU2
£102K04/211.49 mi109, Redlawood Road, Cambuslang, Glasgow G72 7TH2
£127.6K03/211.52 mi42, Birdsfield Street, Hamilton ML3 0RD2
£320K11/211.54 mi25a, Hamilton Road, Bothwell, Glasgow, Lanark G71 8LZ2
£153.7K12/211.59 mi14, Croftbank Crescent, Bothwell, Glasgow, Lanark G71 8RS2
£127K07/211.65 mi9, Muiredge Court, Uddingston, Glasgow, Lanark G71 7RB2
£163.1K10/211.65 mi47, Russell Street, Hamilton, Lanarkshire ML3 0QW2
£220K09/211.65 mi9, Priory Drive, Uddingston, Glasgow, Lanarkshire G71 7DR2
£127K05/211.72 mi5, Albert Lane, Hamilton, Lanarkshire ML3 0SH2
£101K04/211.74 mi26, Hallside Avenue, Cambuslang, Glasgow, Lan G72 7DR2
£127.5K10/211.76 mi7, Abbotsford Road, Hamilton ML3 0PL2
£125K03/241.77 mi54, Windsor Gardens, Hamilton, Lan ML3 0ND2
£125K10/211.8 mi73, Backmuir Road, Hamilton ML3 0PY2
£140K08/211.8 mi25, Croft Wynd, Uddingston, Glasgow, Lan G71 7BJ2
£157.5K12/211.8 mi29, Croft Wynd, Uddingston, Glasgow, Lanarkshire G71 7BJ2
£95.5K12/211.83 mi188, Brankholm Brae, Hamilton, Lanarkshire ML3 9QR2
£145.1K07/211.83 mi154, Brankholm Brae, Hamilton ML3 9QR2
£100K07/211.87 mi28, Victoria Street, Hamilton, Lanarkshire ML3 0LE2
£88K09/211.9 mi136, Fleming Way, Hamilton, Lanarkshire ML3 9QS2
£106.3K01/211.9 mi152, Fleming Way, Hamilton, Lanarkshire ML3 9QS2
£110K08/211.9 mi184, Brankholm Brae, Hamilton, Lanarkshire ML3 9QR2
£80K06/211.9 mi108, Fleming Way, Hamilton, Lanarkshire ML3 9PE2
£77.5K12/211.92 mi2, Sempie Street, Hamilton ML3 9JL2
£76.1K05/211.95 mi128, Comrie Crescent, Hamilton, Lanarkshire ML3 9QQ2
£206.1K06/211.98 mi15, Winton Gardens, Uddingston, Glasgow, Lanarkshire G71 6AQ2

Local Rents

13 rents from £695/mo to £1.1K/mo, average is £780/mo.

RentDateDistanceAddressBeds 
£75010/230.52 mi-2
£69512/240.54 miStraiton Place, Blantyre, South Lanarkshire, G72 9DH2
£75004/240.59 miMayberry Grange, Blantyre, G722
£78012/240.61 mi-2
£78009/240.61 mi-2
£78012/240.61 miGlenfruin Road, Blantyre, Glasgow, G722
£72511/230.9 mi-2
£75001/250.9 mi-2
£95012/240.91 miRegents Gate, Bothwell2
£79512/241.07 miClyde Avenue, Bothwell, Glasgow, G712
£85004/241.09 miMedlar Court, Cambuslang2
£70012/231.12 mi-2
£1,15012/241.24 miWoodlands Crescent, Bothwell, Glasgow2

Local Area Statistics

 

 

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Listed for £90,000

February 26, 2025

Floor Plans

Description

Two bedroom mid terraced villa situated within a popular pocket of Blantyre with generous sized rooms and a private rear garden, early viewing is advised. The property comprises entrance hallway, a spacious front facing lounge and a good sized kitchen to the rear. The kitchen offers access to the rear gardens. The upper level hosts two well-proportioned double bedrooms with built in storage and a modern wet room. The property is in need of a degree of modernisation throughout, and benefits from double glazing and gas central heating.

Agent Details

Countrywide, Hamilton

01698 538018

Next Steps?

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