2 Bed Flat, Refurb/BRRR, Paisley, PA1 1NS, £82,000

Crossflat Crescent, Paisley, Renfrewshire, PA1 1NS - 3 views - 19 days ago

Refurb/BRRR
ROI: 15%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£43K - £181K

 

 

Square Metres

~68.11 m²

Value Estimate

£68,000

 

 

End Value (After Refurb)

£64,998

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,500

Stamp Duty & Legal Fees

£5,300

Refurb Costs

£26,658

Bridging Loan Interest

£2,153

Total Cash In

£56,361

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£64,998

Mortgage (After Refinance)

£48,748

Mortgage LTV

75%

Cash Left In

£56,361

Equity

£16,249

Rent Range

£650 - £3,050

Rent Estimate

£1,172

Running Costs/mo

£458

Cashflow/mo

£714

Cashflow/yr

£8,574

ROI

15%

Gross Yield

17%

Local Sold Prices

49 sold prices from £43K to £181K, average is £91K.

PriceDateDistanceAddressBeds 
£74K05/210.13 mi9l, Cyril Street, Paisley, Renfrewshire PA1 1RW2
£115.3K07/210.15 mi25, Kelburne Oval, Paisley, Renfrewshire PA1 3SU2
£91K12/210.17 mi82, Kelburne Oval, Paisley, Renfrewshire PA1 3SX2
£100K10/210.17 mi64, Kelburne Oval, Paisley PA1 3SX2
£92K04/210.2 mi81, Kelburne Oval, Paisley, Ren PA1 3ST2
£105K06/210.26 mi14, Millstream Court, Paisley PA1 1RR2
£106K03/210.26 mi71, Whitehaugh Avenue, Paisley, Renfrewshire PA1 3SS2
£115K02/210.26 miFlat 5, Arthur Allison Hall, Whitehaugh Avenue, Paisley, Renfrew PA1 3SS2
£100K07/210.29 mi17, Greenlaw Crescent, Paisley, Renfrewshire PA1 3RS2
£108K10/210.29 mi8, Greenlaw Crescent, Paisley, Renfrewshire PA1 3RS2
£82K04/210.29 mi102, Anchor Drive, Paisley PA1 1LH2
£90K07/210.29 mi34, Anchor Avenue, Paisley, Renfrewshire PA1 1LD2
£94.6K07/210.29 mi26, Anchor Avenue, Paisley, Renfrewshire PA1 1LD2
£94K10/210.29 mi55, Millstream Court, Paisley PA1 1RG2
£90K01/210.29 mi15, Millstream Court, Paisley, Renfrew PA1 1RG2
£135K10/210.31 mi23, Whitehaugh Drive, Paisley PA1 3PG2
£43K10/210.33 mi101, Greenlaw Crescent, Paisley PA1 3RT2
£120K09/210.36 mi26, Barshaw Drive, Paisley, Renfrewshire PA1 3SG2
£70K04/210.41 mi9, Lawn Street, Paisley PA1 1HA2
£82K12/210.43 mi38, Netherhill Road, Paisley, Renfrewshire PA3 4RQ2
£85K08/210.44 mi120, Gallowhill Road, Paisley, Renfrewshire PA3 4TY2
£120K02/240.46 mi59, Barshaw Drive, Paisley, Renfrewshire PA1 3UA2
£75K04/210.47 mi19, Belmont Road, Paisley, Renfrewshire PA3 4TT2
£63K05/240.51 mi86, Netherhill Road, Paisley, Renfrewshire PA3 4RW2
£127.2K02/210.53 mi129, Arkleston Road, Paisley PA1 3TY2
£136.5K07/210.53 mi109, Arkleston Road, Paisley, Renfrewshire PA1 3TY2
£68K06/210.53 mi101, Netherhill Road, Paisley, Renfrewshire PA3 4RN2
£75K10/210.56 mi36, Bruce Road, Paisley PA3 4SJ2
£53.5K04/240.56 mi20, Bruce Road, Paisley, Renfrewshire PA3 4SJ2
£62K07/210.61 mi142, Netherhill Road, Paisley, Renfrewshire PA3 4SB2
£62K02/210.61 mi118, Netherhill Road, Paisley, Renfrewshire PA3 4SB2
£92K04/210.63 mi125, Ellon Way, Paisley, Renfrewshire PA3 4BQ2
£62.5K09/210.63 mi20, Marjory Drive, Paisley, Renfrewshire PA3 4TB2
£103K07/210.64 mi119, Ellon Way, Paisley, Ren PA3 4BQ2
£138K02/240.64 mi10, Church Hill, Paisley, Renfrewshire PA1 2DA2
£125K09/210.7 mi32, Arniston Way, Paisley, Renfrewshire PA3 4BZ2
£55K04/210.71 mi50a, Saucelhill Terrace, Paisley, Renfrewshire PA2 6SZ2
£161K05/210.75 mi20/1, Oakshaw Street East, Paisley, Renfrewshire PA1 2DD2
£76K07/210.8 mi21, Albion Street, Paisley, Renfrewshire PA3 2EL2
£60K05/210.82 mi56c, Glen Street, Paisley, Renfrewshire PA3 2JE2
£80K06/210.84 mi14, Albion Street, Paisley, Renfrewshire PA3 2EN2
£62K12/210.86 mi140, Renfrew Road, Paisley PA3 4BN2
£58K05/240.88 miFlat A, 24, Inchinnan Road, Paisley, Renfrewshire PA3 2RA2
£90K06/210.88 mi21, Stock Avenue, Paisley, Renfrewshire PA2 6AS2
£88.5K04/210.88 mi58, Stock Avenue, Paisley PA2 6AS2
£115K07/210.89 mi62/5, Oakshaw Street West, Paisley, Renfrewshire PA1 2DE2
£181K05/210.89 mi69, Oakshaw Street West, Paisley, Renfrewshire PA1 2DE2
£167.5K10/210.89 mi41, Marchbank Gardens, Paisley, Renfrewshire PA1 3JD2
£135K11/210.9 mi7/1, Barshaw Place, Paisley, Renfrewshire PA1 3HJ2

Local Rents

51 rents from £650/mo to £3K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£75003/250.02 mi-2
£79506/240.06 miCrossflat Crescent, Paisley2
£82007/240.06 miCrossflat Crescent, Paisley2
£90006/240.08 mi-2
£3,05006/240.08 mi-2
£2,55006/240.08 mi-2
£2,80007/240.08 mi-2
£3,05009/240.08 mi-2
£2,80009/240.08 mi-2
£3,05011/240.08 mi-2
£2,80002/250.08 mi-2
£78006/240.1 mi-2
£80003/250.1 mi-2
£90005/240.1 mi-2
£85006/240.11 mi-2
£79503/250.12 mi-2
£1,10006/240.13 mi-2
£1,07506/240.13 mi-2
£1,07506/240.13 mi-2
£1,07510/240.13 mi-2
£1,07501/250.13 mi-2
£1,05003/250.13 mi-2
£80010/240.13 mi-2
£81002/250.15 mi-2
£87506/240.15 mi-2
£87502/250.15 mi-2
£1,05003/240.17 miGreenlaw Avenue, Paisley, Renfrewshire, PA12
£69506/240.2 miBank Street, Paisley, Renfrewshire, PA12
£1,40006/240.21 mi-2
£90005/240.21 mi-2
£1,00006/240.21 miGreenlaw Avenue, Paisley2
£95006/240.21 miGreenlaw Avenue, Paisley, Renfrewshire, PA12
£65008/240.22 mi-2
£95006/240.22 mi-2
£85006/240.23 mi-2
£1,10006/240.23 mi-2
£80006/240.24 miGlasgow Road, Paisley2
£1,30006/240.24 mi-2
£69502/250.24 mi-2
£79506/240.25 miMillstream Court, Paisley, Renfrewshire, PA12
£80008/240.25 miMillstream Court, Paisley2
£89510/240.25 mi-2
£89510/240.25 mi-2
£65007/240.25 miSeedhill Road, Paisley, PA12
£89507/240.25 miGlasgow Road, Paisley, Renfrewshire, PA12
£79508/240.28 miGreenlaw Crescent, Paisley, PA12
£65006/240.29 miAnchor Drive, Paisley, Renfrewshire, PA12
£79510/240.38 mi-2
£85008/240.41 mi-2
£85002/250.41 mi-2
£80003/250.42 mi-2

Local Area Statistics

Population in Paisley

86,381

Town centre distance

0.72 miles away

Nearest school

0.10 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £82,000

March 17, 2025

Floor Plans

Description

  • CLOSING DATE MONDAY 31ST MARCH @ 3PMCharming 2 bedroom first floor flat located in desirable Crossflat Crescent, Paisley +
  • Upgrade and modernisation required with excellent potential +
  • Large bay fronted lounge with traditional coving and ceiling rose with excellent space for furniture and furnishings +
  • Large dining kitchen, renovation required with excellent potential for modern dining +
  • 2 generous bedrooms +
  • Bathroom, renovation required with excellent potential to re-design +
  • Excellent built-in storage +
  • Well-maintained communal stairwell, entrance vestibule with traditional storm doors +
  • Ideally placed within walking distance to an array of local shops, cafes, bars, restaurants, leisure. Excellent bus and rail links +
  • Early viewing advised +

CLOSING DATE MONDAY 31ST MARCH @ 3PMELLE MARIE PROPERTY is pleased to present this seldom available 2- bedroom first floor flat enjoying a corner position in desirable Crossflat Crescent, Paisley. Whilst the flat requires a degree of upgrade and modernisation, the property is spacious with generosity throughout, and traditional features, early viewing is advised. In more detail, the property comprises:

ENTRANCE HALL

Entering the property through the traditional vestibule, the entrance hall is a great first impression to the property, a spacious entrance hall with excellent built-in storage.

LOUNGE

The lounge is generous in size with excellent space for lounge furniture and furnishings. The bay fronted window along with the high ceilings, traditional coving and ceiling rose adds traditional charm. The lounge benefits from additional side window offering good natural light to flow through the living space.

DINING KITCHEN

The dining kitchen is a fantastic size, requiring a degree of upgrade and modernisation, with excellent potential to create a modern space for dining and entertaining. The kitchen also benefits from separate utility area.

BEDROOM 1

Bedroom is generous in size and is front facing. There is excellent space for bedroom furniture and furnishings.

BEDROOM 2

Bedroom is generous in size and is rear facing. There is excellent space for bedroom furniture and furnishings.

BATHROOM

The bathroom whilst requiring a degree of upgrade and modernisation, has great potential for modification and re-design to blend in with the character of the flat.

EXTERNAL

Externally, the property, enjoying a corner position in Crossflat Crescent, is ideally placed within walking distance to an array of shops, cafes, bars and restaurants. Bus and rail links are also within walking distance, local schooling, sports and leisure facilities not to mention historic tourist attractions. Parking is on-street with permit and the common close is well-maintained with rear drying facilities.

EPC Rating: E

Dimensions:

Lounge: 19'7"x15'4"
Dining Kitchen: 13'5"@longest point x13'1"
Utility: 3'9"x6'2"
Bedroom 1: 15'7"x10'4"
Bedroom 2: 12'4"x8'1"
Bathroom: 13'8"x5'3"
Hall: 15'4"x7'8"

These property details are set out as a general outline only and do not constitute any part of an Offer or Contract. The photographs are for illustrative purposes only. Any services, equipment, fittings or central heating systems have not been tested and no warranty is given as to their working order. Fixtures, fittings and other items are not included unless specifically described. All measurements are approximate and for guidance only.

Agent Details

Elle Marie Property, Paisley

0141 673 4439

Next Steps?

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