3 Bed Detached House, Refurb/BRRR, Glasgow, G62 8DH, £175,000

Strathblane Road, Milngavie, G62 8DH - 3 views - a month ago

Refurb/BRRR
Planning
ROI: 5%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£167.5K - £814.4K

 

 

Square Metres

~93 m²

Value Estimate

£180,250
BMV3%

 

 

End Value (After Refurb)

£168,099

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Refurb Costs

£36,263

Bridging Loan Interest

£4,594

Total Cash In

£96,306

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£168,099

Mortgage (After Refinance)

£126,074

Mortgage LTV

75%

Cash Left In

£96,306

Equity

£42,025

Rent Range

£695 - £3,250

Rent Estimate

£1,218

Running Costs/mo

£789

Cashflow/mo

£429

Cashflow/yr

£5,149

ROI

5%

Gross Yield

8%

Local Sold Prices

45 sold prices from £167.5K to £814.4K, average is £321.5K.

PriceDateDistanceAddressBeds 
£250K10/210.03 mi54, Strathblane Road, Milngavie, Glasgow, Dumbarton G62 8DH3
£372.6K08/210.12 mi40, Buchanan Street, Milngavie, Glasgow, Dunbartonshire G62 8AN3
£332K02/240.16 mi9, Cairns Drive, Milngavie, Glasgow, Dunbartonshire G62 8AL3
£473K04/240.16 mi13, Cairns Drive, Milngavie, Glasgow, Dunbartonshire G62 8AL3
£435K02/210.21 mi27, Lynn Drive, Milngavie, Glasgow, Dmb G62 8HL3
£366.3K10/210.31 mi12, Blane Drive, Milngavie, Glasgow, Dunbartonshire G62 8HG3
£198K07/210.33 mi20, Sinclair Street, Milngavie, Glasgow, Dunbartonshire G62 8NU3
£311.3K10/210.34 mi59, Roselea Drive, Milngavie, Glasgow, Dunbartonshire G62 8HF3
£409K04/240.35 mi10, Dougalston Crescent, Milngavie, Glasgow, Dunbartonshire G62 6HW3
£175K04/210.36 mi3, Woodlands Street, Milngavie, Glasgow, Dunbartonshire G62 8NX3
£814.4K03/210.41 mi9, Heathfield Drive, Milngavie, Glasgow, Dunbartonshire G62 8AZ3
£390K05/240.42 mi11, Claremont Gardens, Milngavie, Glasgow, Dunbartonshire G62 6PG3
£500K05/210.44 mi11, Montrose Gardens, Milngavie, Glasgow, Dunbartonshire G62 8NQ3
£242K12/210.46 mi39, Clober Road, Milngavie, Glasgow, Dumbarton G62 7SN3
£345K02/210.48 mi52, Clober Road, Milngavie, Glasgow, Dmb G62 7SR3
£298K08/210.5 mi58, Ferguson Avenue, Milngavie, Glasgow, Dunbartonshire G62 7TE3
£285K05/210.54 mi93, Finlay Rise, Milngavie, Glasgow, Dumbarton G62 6QL3
£305K02/240.58 mi2, Clochbar Avenue, Milngavie, Glasgow, Dunbartonshire G62 7JL3
£275K02/240.58 mi14, Braefoot Avenue, Milngavie, Glasgow, Dunbartonshire G62 6JZ3
£320K07/210.58 mi21, South Mains Road, Milngavie, Glasgow, Dunbartonshire G62 6DD3
£315K12/210.59 mi103, Finlay Rise, Milngavie, Glasgow, Dunbartonshire G62 6QL3
£255K12/210.59 mi105, Finlay Rise, Milngavie, Glasgow, Dunbartonshire G62 6QL3
£300K02/240.59 mi81, Finlay Rise, Milngavie, Glasgow, Dunbartonshire G62 6QL3
£295K02/240.6 mi3, Craigton Avenue, Milngavie, Glasgow, Dunbartonshire G62 7SZ3
£325K04/240.62 mi28, Craigton Road, Milngavie, Glasgow, Dunbartonshire G62 7JR3
£385K03/210.62 mi18, Braeside Avenue, Milngavie, Glasgow, Dumbarton G62 6LH3
£347K04/210.62 mi36, South Mains Road, Milngavie, Glasgow, Dumbarton G62 6DQ3
£598K10/210.65 mi46, Braehead Avenue, Milngavie, Glasgow, Dunbartonshire G62 6DP3
£286.6K12/210.68 mi44, Craigton Road, Milngavie, Glasgow, Dunbartonshire G62 7JS3
£210K01/240.72 mi39, Dumgoyne Avenue, Milngavie, Glasgow, Dunbartonshire G62 7NU3
£275.1K10/210.73 mi52, Carbeth Road, Milngavie, Glasgow, Dumbarton G62 7AX3
£215K05/240.77 mi20, Learmont Place, Milngavie, Glasgow, Dunbartonshire G62 7DT3
£360K01/240.77 mi70, Breadie Drive, Milngavie, Glasgow, Dunbartonshire G62 6LT3
£355K08/210.78 mi54, Braefoot Avenue, Milngavie, Glasgow, Dunbartonshire G62 6JT3
£461.3K08/210.82 mi22, Shaw Road, Milngavie, Glasgow, Dunbartonshire G62 6LX3
£400K02/210.82 mi27, Shaw Road, Milngavie, Glasgow, Dmb G62 6LX3
£207K07/210.83 mi4, Kelvin Road, Milngavie, Glasgow, Dumbarton G62 7BE3
£167.5K03/210.83 mi57, Craigend Drive West, Milngavie, Glasgow, Dumbarton G62 7BH3
£321.5K04/240.86 mi72, Crawford Road, Milngavie, Glasgow, Dunbartonshire G62 7LF3
£195K11/210.9 mi18, Hilton Road, Milngavie, Glasgow, Dumbarton G62 7DL3
£352K05/240.91 mi34, Galbraith Drive, Milngavie, Glasgow, Dunbartonshire G62 6NE3
£353.5K04/210.91 mi47, Galbraith Drive, Milngavie, Glasgow, Dunbartonshire G62 6LZ3
£415.9K04/240.94 mi4, Prestonfield, Milngavie, Glasgow, Dunbartonshire G62 7PZ3
£400K02/240.96 mi3, Mosshead Road, Bearsden, Glasgow, Dunbartonshire G61 3EP3
£245K07/210.98 mi79, Ashburn Road, Milngavie, Glasgow, Dunbartonshire G62 7PQ3

Local Rents

50 rents from £695/mo to £3.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20004/240.09 miStrathblane Road, 0/1, Millngavie, Glasgow, G62 8DQ2
£89504/240.18 miStation Road, Milngavie, Glasgow, G621
£1,97512/240.19 miCampsie Drive, Milngavie, Glasgow , G62 8HY4
£1,20012/240.27 mi-2
£77512/240.28 miCrossveggate, Milngavie, Glasgow, G621
£85012/240.29 mi5B Station Road, Milngavie, G62 8PG1
£75004/240.29 miMugdock Road, Milngavie, Glasgow1
£79512/240.31 miMugdock Road, Milngavie, East Dunbartonshire, G62 8PA1
£1,32504/240.32 miMugdock Road, Milngavie, Glasgow, East Dunbartonshire, G622
£99504/240.38 miMain Street, Milngavie, Glasgow2
£99504/240.38 miMain Street, Milngavie, Glasgow, East Dunbartonshire2
£1,15003/250.44 mi-2
£1,28012/240.48 miFlat 1/2 74 Clober Road, Milngavie, G622
£75003/250.48 mi-1
£69512/240.5 miPark Avenue, Milngavie1
£1,20004/250.55 mi-2
£89504/240.56 miQueens Court, Milngavie, East Dunbartonshire, G62 6QA1
£1,65012/240.59 mi-3
£1,90012/240.64 miKeystone Quad, Milngavie, East Dunbartonshire, G624
£69504/240.65 mi25 Balvie Road, Milngavie, G62 7EH1
£1,20004/240.68 mi-3
£1,10012/240.71 mi-2
£99512/240.76 miMain Street Allander Court, Milngavie, G623
£1,17512/240.78 mi-2
£1,30012/240.79 mi-2
£1,15001/250.79 mi-2
£1,15002/250.79 mi-2
£1,15002/250.79 mi-2
£1,10012/240.86 mi-3
£1,15004/240.86 miCraigdhu Road, Milngavie, Glasgow, G623
£2,49512/240.9 miBright Close, Bearsden, Glasgow, G614
£77512/240.92 miCraigash Quadrant, Milngavie, East Dunbartonshire, G621
£1,10006/240.94 mi-3
£1,09503/250.95 mi-2
£1,09504/240.95 miMilngavie, Milngavie, Glasgow, G622
£1,35010/241.02 mi-3
£1,40004/241.04 mi-4
£1,49512/241.07 mi12 Hawthorn Avenue, Bearsden3
£1,55012/241.12 miHawthorn Avenue, Bearsden, Glasgow, G61 3NQ3
£99501/251.2 mi-1
£99503/251.2 mi-1
£80003/251.26 mi-2
£3,25004/241.27 miDouglas Park Crescent, Bearsden, G615
£84512/241.28 mi-1
£1,20005/241.28 mi-2
£1,55012/241.28 miDalnair Place, Milngavie, Glasgow, G62 7RD4
£72503/231.3 mi-1
£2,50010/241.33 mi-4
£2,50004/251.33 mi-4
£1,32505/231.35 mi-3

Local Area Statistics

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £175,000

March 7, 2025

Floor Plans

Description

Occupying a wonderfully convenient position on Strathblane Road within walking distance of local amenities, Milngavie village and the train station, this is a fantastic opportunity to acquire a traditional detached bungalow in need of full refurbishment providing accommodation of around 1100 sqft all on the level. It is fair to say that the property will require significant upgrading which is reflected in the home report and price. (Note should be taken that the rear extension is not safe to walk on, but can be viewed from the kitchen door and externally). In terms of accommodation the property comprises: Entrance Vestibule, reception hall, two bay window front rooms, currently a bedroom and living room or additional bedroom, two further bedrooms to the rear, bathroom, kitchen and in the extension a further sitting room. In addition, the property has gas central heating, and a front and rear garden. Access is via shared access from Strathblane Road. The owners have obtained Planning Permission for a new private access and car parking to be formed from the adjacent public road.

EPC Rating: D

Agent Details

Clyde Property, Bearsden

0141 673 7380

Next Steps?

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