2 Bed Flat, Refurb/BRRR, Dunoon, PA23 7JL, £140,000

Auchamore Road, Dunoon, Argyll and Bute, PA23 7JL - a month ago

Refurb/BRRR
ROI: 4%
~68 m²
+27 photos

ValuationOvervalued

Sold Prices£42K - £335K

 

 

Square Metres

~68.11 m²

Value Estimate

£115,000

 

 

End Value (After Refurb)

£110,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Refurb Costs

£26,658

Bridging Loan Interest

£3,675

Total Cash In

£75,583

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,250

Mortgage (After Refinance)

£82,688

Mortgage LTV

75%

Cash Left In

£75,583

Equity

£27,563

Rent Range

£550 - £1,245

Rent Estimate

£776

Running Costs/mo

£520

Cashflow/mo

£256

Cashflow/yr

£3,075

ROI

4%

Gross Yield

7%

Local Sold Prices

21 sold prices from £42K to £335K, average is £83.3K.

PriceDateDistanceAddressBeds 
£105K06/210.05 mi5, Victoria Road, Dunoon, Argyll PA23 7EA2
£72K10/210.05 mi13, Victoria Road, Dunoon, Argyll PA23 7EA2
£42K12/210.07 mi6a, Belmont Lane, Dunoon, Argyll PA23 7JA2
£91.5K02/210.1 mi18b, Auchamore Road, Dunoon, Arg PA23 7DY2
£112K08/210.13 mi88, Eleanor House, Edward Street, Dunoon, Arg PA23 7AS2
£55K05/210.16 mi2a, Hill Street, Dunoon, Arg PA23 7AN2
£60.5K03/210.16 mi4a, Hill Street, Dunoon, Argyll PA23 7AN2
£74K08/210.18 mi14, Cromwell Street, Dunoon, Argyll PA23 7AU2
£105K07/210.23 miTower House 7a, Hanover Street, Dunoon, Argyll PA23 7AB2
£230K10/210.3 mi18, Kilbride Avenue, Dunoon, Argyll PA23 7LH2
£115K06/210.3 mi164, John Street, Dunoon, Argyll PA23 7BJ2
£115K06/210.3 mi164, John Street, Dunoon, Argyll PA23 7BJ2
£72K02/210.32 mi177e Ashton View, Edward Street, Dunoon, Arg PA23 7PH2
£73K01/210.47 mi136a, Alexander Street, Dunoon, Argyll PA23 7PY2
£91K04/210.6 mi28a, Pilot Street, Dunoon, Argyll PA23 8BY2
£70K01/210.64 mi6, Rossmount, Queen Street, Dunoon, Argyll PA23 8AP2
£335K12/210.8 mi155, Dhailling Lodge Guest House, Alexandra Parade, Dunoon PA23 8AW2
£95K12/211.01 mi75, Dixon Avenue, Kirn, Dunoon, Argyll PA23 8JA2
£83.3K05/211.07 mi61, Ardenslate Road, Kirn, Dunoon, Argyll PA23 8NL2
£63K07/211.13 mi84, Fairhaven, Kirn, Dunoon, Argyll PA23 8NS2
£66K10/211.14 mi59, Fairhaven, Kirn, Dunoon, Argyll PA23 8NR2

Local Rents

19 rents from £550/mo to £1.2K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£65001/250.11 mi-2
£57511/230.33 mi-2
£65009/240.35 mi-2
£70012/230.65 mi-3
£67510/240.65 mi-3
£1,24506/241.32 miKirn Brae, Dunoon, PA234
£1,15007/241.32 miKirn Brae, Dunoon, Argyll & Bute, PA234
£1,14508/241.32 miBraeside, Kirn Brae, Dunoon, Argyll & Bute, PA234
£1,14509/241.32 miKirn Brae, Dunoon, PA234
£60012/241.36 mi-2
£62506/241.36 miVictoria Crescent, Kirn, Dunoon, PA232
£62506/241.36 miVictoria Crescent, Kirn, Dunoon, PA232
£60007/241.36 miVictoria Crescent, Kirn, Dunoon, PA232
£75006/241.95 mi-2
£75006/241.95 mi-2
£1,20002/242.09 mi-3
£55010/232.33 mi-2
£55008/242.33 mi-2
£55007/242.33 miFerguslie Street, Dunoon, PA232

Local Area Statistics

Population in Dunoon

12,620

Town centre distance

0.89 miles away

Nearest school

0.20 miles away

Nearest train station

3.64 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+47%

Property History

Listed for £140,000

March 14, 2025

Floor Plans

Description

  • Characterful Lower Victorian Villa +
  • Two Double Bedrooms +
  • Bright, Spacious Sitting Room +
  • Generous Dining Kitchen +
  • Attractive Bathroom +
  • Private and Communal Gardens +
  • South Facing +
  • Double Fronted Appealing Flat +
  • Off Road Parking +
  • Beautiful Family Home +

Impressive double fronted Lower Victorian Villa with character and kerb appeal in abundance. Off-road parking and low maintenance garden to the front with private enclosed courtyard plus large communal gardens to the rear. Within walking distance to town centre and in close proximity to a local convenience store, the property benefits by a spacious, light-filled sitting room with many original features, dining kitchen with access to large utility space and access to rear garden through the back door, two double bedrooms and modern and attractive bathroom. Externally, the property boasts a stone chipped front garden, with separate driveway, the back garden is enclosed with further access to a communal lawned area with stone built outhouse in need of some repair. This would make a lovely full time family residence and should be seen to be fully appreciated. Early viewing highly recommended. Accommodation
Sitting Room, Dining Kitchen, Two Double Bedrooms, Family Bathroom, 2 Double Bedrooms and Utility Area. Access
Enter onto the front from Auchamore Road and onto the path leading to the double storm doors with a glazed panel over allowing the light to enter the front of the property, leading to inner vestibule with ceramic tiled floor and coat hanging space. Solid wood panelled door with decorative brass furnishing with a glass panel above, opening to the reception hall. Reception Hallway
The welcoming central hallway with laminate wood flooring, and large double radiator leads to the sitting room, dining kitchen with adjoining utility room, both bedrooms and family bathroom. Many original Victorian features remain with high ceilings, deep skirting boards, central ceiling light and decorative cornicing. Sitting Room
5.31m x 4.15m
17’5” x 13’7”
Lovely, south-facing sitting room with double glazed bay windows with wood panels to either side and radiator below, high ceilings, wood laminate flooring, a further double radiator to the rear. This room is very bright and, along with the entire flat, very well presented. Dining Kitchen
4.40m x 3.70m
14’5” x 12’2”
Wood laminate flooring, large double radiator, with ample size to accommodate a kitchen table and chairs. space for fridge/freezer, good selection of grey painted, wood -fronted base and wall units. Tiled splashback. The kitchen benefits from a large stainless steel cooker range fitted into its own alcove with slimline wall and floor units to either side. with 2 ovens, warming drawers with extractor over, plenty of gas burners above to satisfy any aspiring cook. Natural light comes via the rear window to the back over the sink. A doorway leads to the utility room, cloakroom and rear external UPVC door to the rear garden. Utility Room
5.27m x 1.07m
17'3” x 3’6”
The utility room has the gas meter and boiler, fittings and space for washer/dryer, worktop over, high casement window offering natural light and there is space for outdoor wear next to rear door. Bedroom 1
4.35m x 4.16m
14’3” x 13’8”
Contemporary feel but with many original features including ornate cornicing, intricate ceiling rose this double bedroom at the front with set back bay double glazed windows overlooking the front garden. Wood laminate flooring, large double radiator, original internal doors and plenty of room for a double bed and bedroom furniture. Bedroom 2
3.67m x 3.10m
12’0” x 10’2”
Double bedroom at the rear with UPVC double glazed window overlooking the back garden with a built-in cupboard below. Wood laminate flooring, radiator and plenty of room for a double bed and bedroom furniture. Wood panelled wainscoting to one wall. Bathroom
2.51m x 2.49m
8’3” x 8’2”
Comprising bath with modern raindrop shower over with glass screen, WC and wash-hand basin. Slate ceramic floor tiling, decorative ceramic tile wainscoting to one-third height around bathroom and two-third ceramic tile height to bath surround with recessed opaque window to the rear. A modern slate grey vertical radiator next to bath. Gardens
The property enjoys the front garden laid to chipped stones with a stone path and separate driveway. The enclosed back garden patio with chipped stones, path and shared communal lawned area surrounded with a mix of fencing and hedges. There is a stone built outbuilding that needs some work as it lost its roof which when repaired can house bikes and garden equipment. Services
Mains Water
Mains Drainage
Gas Central Heating
Note: The services, white goods and electrical appliances have not been checked by the selling agents. Council Tax
86 Auchamore Road is in Council Tax Band A. Home Report
A copy of the Home Report is available by contacting Waterside Property Ltd. Viewings
Strictly by appointment with Waterside Property Ltd. Offers
Offers are to be submitted in Scottish legal terms to Waterside Property Ltd. EPC rating: D. Tenure: Freehold,

Agent Details

Waterside Property, Dunoon

01369 800329

Next Steps?

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

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