2 Bed Flat, Refurb/BRRR, Glasgow, G52 1PX, £70,000

Arisaig Drive, Mosspark, Glasgow, G52 1PX - 2 views - a month ago

Sold STC
Refurb/BRRR
ROI: 9%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£77.5K - £165.5K

 

 

Square Metres

~68.11 m²

Value Estimate

£70,000

 

 

End Value (After Refurb)

£78,000

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£26,400

Bridging Loan Interest

£1,838

Total Cash In

£52,188

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£78,000

Mortgage (After Refinance)

£58,500

Mortgage LTV

75%

Cash Released

£6,000

Cash Left In

£46,188

Equity

£19,500

Rent Range

£675 - £1,000

Rent Estimate

£840

Running Costs/mo

£432

Cashflow/mo

£408

Cashflow/yr

£4,899

ROI

9%

Gross Yield

14%

Local Sold Prices

40 sold prices from £77.5K to £165.5K, average is £105K.

PriceDateDistanceAddressBeds 
£120K02/240.11 mi557, Mosspark Drive, Glasgow G52 1QP2
£105K03/210.13 mi240, Aros Drive, Glasgow G52 1TH2
£115K02/240.13 mi108, Arisaig Drive, Glasgow G52 1PW2
£116K11/210.14 mi59, Alness Crescent, Glasgow G52 1PH2
£120.3K06/210.14 mi62, Alness Crescent, Glasgow, Gla G52 1PH2
£123.1K05/210.14 mi87, Alness Crescent, Glasgow G52 1PH2
£115K07/210.14 mi241, Ashdale Drive, Glasgow G52 1PU2
£82K02/210.16 mi59, Ascaig Crescent, Glasgow, Gla G52 1QW2
£110K10/210.17 mi34, Arnhall Place, Glasgow G52 1PT2
£85.1K05/210.19 mi11, Aviemore Road, Glasgow G52 1QJ2
£106K05/210.22 mi452, Mosspark Drive, Glasgow G52 1NG2
£125K02/240.25 mi133, Muirdrum Avenue, Glasgow G52 3AW2
£119K09/210.28 mi473, Mosspark Drive, Glasgow G52 1NU2
£80K03/210.28 mi413, Mosspark Drive, Glasgow G52 1NU2
£107.5K12/210.29 mi43, Gauldry Avenue, Glasgow G52 3DN2
£80K04/210.33 mi93, Kirriemuir Avenue, Glasgow, Gla G52 3DP2
£126K02/240.34 mi29, Tarfside Avenue, Glasgow G52 3DG2
£102.5K02/210.34 mi49, Tarfside Avenue, Glasgow G52 3DG2
£165.5K08/210.37 mi146, Hardridge Road, Glasgow, Gla G52 1RJ2
£100K04/210.4 mi58, Kirriemuir Avenue, Glasgow G52 3DF2
£105.1K04/210.43 mi88, Lammermoor Avenue, Glasgow G52 3EA2
£85K06/210.48 mi927, Mosspark Drive, Glasgow G52 3BZ2
£90K04/210.54 mi37, Maryland Drive, Glasgow G52 1SN2
£100K06/210.57 mi72, Crosslee Street, Glasgow G52 1SL2
£91.4K04/240.58 mi184b, Dormanside Road, Glasgow G53 5XU2
£115.5K08/210.6 mi20, Inchbrae Road, Glasgow, Gla G52 3HA2
£105K07/210.6 mi21, Inchbrae Road, Glasgow G52 3HA2
£102K11/210.61 mi5, Blairgowrie Road, Glasgow G52 2TW2
£120K02/240.63 mi187, Carsaig Drive, Glasgow G52 1AS2
£108.2K06/210.64 mi94, Crosslee Street, Glasgow G52 1SL2
£115K11/210.65 mi69, 1/1, Sunart Road, Glasgow G52 1DE2
£92K06/210.66 mi104, Barfillan Drive, Glasgow G52 1BD2
£115.3K12/210.67 mi10, Sunart Road, Glasgow G52 1DF2
£80K05/210.7 mi109, Neilsland Oval, Glasgow G53 5EN2
£92K09/210.73 mi79, Pitlochry Drive, Glasgow G52 2TF2
£90K05/210.74 mi1980, Paisley Road West, Glasgow G52 3TB2
£77.5K06/210.75 mi45, Carsaig Drive, Glasgow G52 1AU2
£85K03/210.75 mi39, Carsaig Drive, Glasgow G52 1AU2
£105.3K05/210.78 mi10, Bankfoot Road, Glasgow G52 2TE2
£98K09/210.93 mi24, Southfield Crescent, Glasgow G53 5DG2

Local Rents

15 rents from £675/mo to £1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£90002/240.05 mi-2
£90002/250.05 mi-2
£90005/240.22 miAros Drive, Glasgow , G52 1TJ2
£67512/230.24 mi-2
£82504/240.26 miKinnell Avenue,Glasgow,G522
£69504/240.32 miFlat 2/2 227 Kinnell Avenue, Glasgow2
£1,00001/240.36 mi-2
£78504/240.42 miKinnell Square, Glasgow, G522
£72504/240.46 miKinnell Path, Glasgow, G522
£95004/240.46 miPaisley Road West, Glasgow, G522
£95004/240.48 miMosspark Drive, Cardonald, Glasgow, G522
£79501/240.48 mi-2
£85004/240.56 miTrinity Avenue, Cardonald, G522
£85003/250.59 mi-2
£80004/240.62 mi-2

Local Area Statistics

 

 

Rental growth (12m)

+40%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £70,000

February 28, 2025

Floor Plans

Description

  • 2 bedroom lower cottage flat +
  • Sought after location +
  • Requires modernisation +
  • GCH & DG +
  • Garden grounds +

XXX CLOSING DATE FRIDAY 7TH MARCH AT 12 NOON (Offers to be submitted in writing via a solicitor) XXX

2-bedroom lower cottage flat situated in the highly desired locale of Mosspark on Glasgow’s Southside. The property does a require a degree of internal modernisation as is reflected in the asking price.

The property is entered via a double door, leading to the main reception hall offering access to all apartments.

The accommodation comprises of spacious lounge to the rear, kitchen entered from the lounge and providing access to the rear garden; 2 double bedrooms and bathroom which offers a white 3pc suite of, bath, wash hand basin and wc.

The property benefits from gas central heating; double glazing; generous storage; and front and rear garden area

Mosspark is ideally located for various amenities including Bellahouston Park which accommodates House for an Art Lover, Palace of Arts, Glasgow Ski Centre and Bellahouston Sports Centre. Mosspark offers nursery and primary education facilities. Neighbouring Cardonald offers a variety of nursery, primary, secondary and further education facilities. For the commuter the M8 motorway and M77 motorway are located closeby and provides access to Glasgow, Paisley and beyond. There are various bus and train services within close proximity to the property providing access to local areas; Glasgow city centre; Paisley; Silverburn Shopping Centre and Braehead Shopping Centre.

EPC Band: D

Council Tax Band: C

Mortgage Finance Scottish Property Centre has an alliance with SPC Finance, a brokerage with a bespoke approach to funding. Through their relationships with retail, commercial and private banks they can assist with securing a mortgage to suit your circumstances. For further information contact Nicola Marsden or Aneta Mamczak based in our Glasgow office, on .

Lounge 15’ 3” x 11’ 8” Kitchen 6’ 1” x 12’ 2” Bedroom 1 13’ 3” x 11’ 7” Bedroom 2 12’ 4” x 10’ 4” Bathroom 4’ 9” x 7’ 8”

Agent Details

Scottish Property Centre, Glasgow

0141 673 7846

Next Steps?

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