4 Bed Detached House, Refurb/BRRR, Glasgow, G62 8AW, £640,000

Buchanan Street, Milngavie, G62 8AW - 2 views - a month ago

Under Offer
Refurb/BRRR
~129 m²
+31 photos

ValuationOvervalued

Sold Prices£262.8K - £920K

 

 

Square Metres

~129.26 m²

Value Estimate

£607,000

 

 

End Value (After Refurb)

£510,216

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£160,000

Stamp Duty & Legal Fees

£52,700

Refurb Costs

£50,400

Bridging Loan Interest

£16,800

Total Cash In

£281,650

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£510,216

Mortgage (After Refinance)

£382,662

Mortgage LTV

75%

Cash Left In

£281,650

Equity

£127,554

Rent Range

£995 - £2,495

Rent Estimate

£1,494

Running Costs/mo

£1,913

Cashflow/mo

£-419

Cashflow/yr

£-5,031

Gross Yield

3%

Local Sold Prices

23 sold prices from £262.8K to £920K, average is £437.5K.

PriceDateDistanceAddressBeds 
£900K08/210.07 mi52, Buchanan Street, Milngavie, Glasgow, Dunbartonshire G62 8AP4
£710K03/210.17 mi140, Mugdock Road, Milngavie, Glasgow, Dunbartonshire G62 8NP4
£505K02/210.24 mi51, Campsie Drive, Milngavie, Glasgow, Dmb G62 8HX4
£345.1K02/210.25 mi32, Campsie Drive, Milngavie, Glasgow, Dmb G62 8HY4
£401.4K12/210.27 mi1, Middleton Drive, Milngavie, Glasgow, Dunbartonshire G62 8HS4
£343.5K02/210.27 mi3, Middleton Drive, Milngavie, Glasgow, Dmb G62 8HS4
£608.5K12/210.35 mi10, Glasgow Road, Milngavie, Glasgow, Dunbartonshire G62 6AL4
£920K07/210.39 mi6, St. Edmunds Grove, Milngavie, Glasgow, Dunbartonshire G62 8LS4
£406K09/210.63 mi42, Braehead Avenue, Milngavie, Glasgow, Dunbartonshire G62 6DP4
£687K12/210.63 mi44, Braehead Avenue, Milngavie, Glasgow, Dunbartonshire G62 6DP4
£262.8K09/210.63 mi51, Carbeth Road, Milngavie, Glasgow, Dumbarton G62 7AY4
£450K04/210.69 mi81, South Mains Road, Milngavie, Glasgow, Dunbartonshire G62 6DE4
£720K01/240.7 mi1, Mitchell Drive, Milngavie, Glasgow, Dunbartonshire G62 6PY4
£607K02/210.7 mi21, Blackwood Road, Milngavie, Glasgow, Dmb G62 7LB4
£491K08/210.71 mi57, Braehead Avenue, Milngavie, Glasgow, Dunbartonshire G62 6DU4
£324.6K06/210.71 mi67, Braehead Avenue, Milngavie, Glasgow, Dunbartonshire G62 6DU4
£375K04/240.72 mi7, Drumcarn Drive, Milngavie, Glasgow, Dunbartonshire G62 6DZ4
£315K02/240.73 mi49, Craigdhu Road, Milngavie, Glasgow, Dunbartonshire G62 7TP4
£425K10/210.87 mi24, Shaw Road, Milngavie, Glasgow, Dunbartonshire G62 6LX4
£437.5K04/240.87 mi160, Prestonfield, Milngavie, Glasgow, Dunbartonshire G62 7QA4
£416K10/210.9 mi112, Prestonfield, Milngavie, Glasgow, Dunbartonshire G62 7PZ4
£386.1K03/210.94 mi82, Galbraith Drive, Milngavie, Glasgow, Dunbartonshire G62 6NE4
£580K02/210.99 mi17, Cauldstream Place, Milngavie, Glasgow, Dmb G62 7NL4

Local Rents

14 rents from £995/mo to £2.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,97512/240.25 miCampsie Drive, Milngavie, Glasgow , G62 8HY4
£1,65012/240.43 mi-3
£1,20004/240.52 mi-3
£1,90012/240.68 miKeystone Quad, Milngavie, East Dunbartonshire, G624
£1,10012/240.78 mi-3
£1,15004/240.78 miCraigdhu Road, Milngavie, Glasgow, G623
£99512/240.86 miMain Street Allander Court, Milngavie, G623
£1,10006/240.86 mi-3
£1,40004/240.96 mi-4
£2,49512/241.03 miBright Close, Bearsden, Glasgow, G614
£1,35010/241.09 mi-3
£1,55012/241.16 miDalnair Place, Milngavie, Glasgow, G62 7RD4
£1,49512/241.17 mi12 Hawthorn Avenue, Bearsden3
£1,55012/241.2 miHawthorn Avenue, Bearsden, Glasgow, G61 3NQ3

Local Area Statistics

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £640,000

March 11, 2025

Floor Plans

Description

• Large detached villa of seven principal apartments
• Fabulous location in coveted Milngavie address
• Very smartly presented (wholesale renovations undertaken)
• Set upon large plot with great rear garden
• Four large bedrooms/three large public areas, floor area circa 1,930 sq.ft
• Principal bedroom with ensuite shower room and balcony
• Quality fixtures and fittings – great kitchen (Neff appliances) and luxury bathrooms)
• Off street driveway parking, two garages
• Milngavie Primary and Douglas Academy catchment
• A great family home

Occupying a commanding elevated position in the midst of a coveted Milngavie address (close by the Village, Tannoch Loch and the Reservoirs), this impressive detached villa has been impressively/comprehensively upgraded by our clients to create a very well finished family home. Having been significantly extended over the years, the property now offers an adaptable footprint across seven principal apartments spread across a floor area approaching 2,000 sq.ft. Particular note should be drawn to the generous room sizes and abundance of dual aspect window formations – accentuating a genuine feel of space and light throughout the property.
As well as internally, our clients have given great thought to the redesign of the outdoor areas/garden spaces that surround the property – smartly employed stone flags/paviours/decorative bedding to front, side and rear and an expansive of raised, level lawn (bordered by feature wall) to the rear. All incredibly private and with orientations to both due south and west – the perfect setting for family entertaining in the summer months.

Internally, our clients have employed a sharp/clean aesthetic palate, with the property decorated in mainly neutral tones but with points of contrast/interest throughout. Good quality kitchen and bathrooms, fixtures and fittings.

Summary of Accommodation

- Entrance porch, cloakroom w.c
- Reception hallway with storage off and stair to first floor
- Large lounge/family area – fireplace with feature stonework
- Dining kitchen – breakfast bar area, handless units, contrast worktops, Neff appliances including double oven, cooker hood and extractor fan
- Dining room
- Family room
- Luxury tiled bathroom with walk in shower enclosure
- Four bedrooms – three doubles, additional single room, ensuite shower room and balcony area off principal bedroom

Situation

In addition to being so handy for Milngavie’s local shops and amenities the house is nearby Tannoch Loch, Lennox Park and the walking areas of Craigmaddie and Mugdock Reservoirs and Drumclog Moor. School catchment is nearby Milngavie Primary and for Douglas Academy. On Mugdock Road is The Glasgow Academy Preparatory School.

SAT NAV REF: G62 8AW

COUNCIL TAX : BAND G
EPC : BAND D
TENURE : FREEHOLD

EPC Rating: D
Council Tax Band: G

Agent Details

Rettie, Bearsden

0141 673 9751

Next Steps?

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

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