2 Bed Bungalow, Refurb/BRRR, Hamilton, ML3 9UH, £120,000

Balfron Crescent, Hamilton, ML3 9UH - 1 views - 16 days ago

Refurb/BRRR
Planning
ROI: 7%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£72K - £190.5K

 

 

Square Metres

~68.11 m²

Value Estimate

£118,300

 

 

End Value (After Refurb)

£92,738

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£26,658

Bridging Loan Interest

£3,150

Total Cash In

£68,758

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£92,738

Mortgage (After Refinance)

£69,553

Mortgage LTV

75%

Cash Left In

£68,758

Equity

£23,184

Rent Range

£550 - £2,700

Rent Estimate

£854

Running Costs/mo

£481

Cashflow/mo

£373

Cashflow/yr

£4,481

ROI

7%

Gross Yield

9%

Local Sold Prices

37 sold prices from £72K to £190.5K, average is £106.3K.

PriceDateDistanceAddressBeds 
£103.5K10/210.11 mi8, Melfort Road, Hamilton, Lan ML3 9UR2
£90K03/210.13 mi16, Hillhouse Crescent, Hamilton, Lanarkshire ML3 9TF2
£82K01/210.2 mi94, Clarkwell Road, Hamilton, Lanarkshire ML3 9RQ2
£101.5K05/210.23 mi21, Belhaven Road, Hamilton, Lanarkshire ML3 9RS2
£115K07/210.24 mi118, Hillhouse Road, Hamilton, Lan ML3 9TX2
£72K05/210.25 mi102, Townhill Road, Hamilton, Lanarkshire ML3 9RH2
£85K10/210.38 mi11, Mayfield Road, Hamilton, Lanarkshire ML3 9LL2
£140K11/210.39 mi60, Scholars Wynd, Hamilton, Lanarkshire ML3 8RE2
£190.5K04/210.41 mi7, Den Bak Avenue, Hamilton, Lanarkshire ML3 8DA2
£82K02/210.48 mi235, Townhill Road, Hamilton, Lan ML3 9RW2
£76.1K05/210.49 mi128, Comrie Crescent, Hamilton, Lanarkshire ML3 9QQ2
£80K06/210.51 mi108, Fleming Way, Hamilton, Lanarkshire ML3 9PE2
£121.5K01/210.52 mi5, Ashworth Terrace, Hamilton, Lan ML3 9JQ2
£120K03/240.53 mi6, Sween Drive, Hamilton, Lan ML3 8UR2
£110.2K12/210.55 mi23, Creran Court, Hamilton, Lanarkshire ML3 8UG2
£102.5K04/210.55 mi44, Blair Atholl Gardens, Hamilton, Lanark ML3 9FF2
£116.6K07/210.55 mi28, Blair Atholl Gardens, Hamilton ML3 9FF2
£138.5K12/210.57 mi5, Dunure Drive, Hamilton, Lanarkshire ML3 9EY2
£88K09/210.58 mi136, Fleming Way, Hamilton, Lanarkshire ML3 9QS2
£106.3K01/210.58 mi152, Fleming Way, Hamilton, Lanarkshire ML3 9QS2
£110K08/210.63 mi184, Brankholm Brae, Hamilton, Lanarkshire ML3 9QR2
£118K11/210.63 mi23, Fyne Court, Hamilton, Lanarkshire ML3 8UH2
£122K03/240.64 mi10, Alloway Gardens, Hamilton, Lan ML3 9XZ2
£77.5K12/210.66 mi2, Sempie Street, Hamilton ML3 9JL2
£140.1K11/210.68 mi14, Tarbert Court, Hamilton, Lanarkshire ML3 8UP2
£100K04/210.68 mi25, Argyle Drive, Hamilton, Lanarkshire ML3 9EB2
£95.5K12/210.68 mi188, Brankholm Brae, Hamilton, Lanarkshire ML3 9QR2
£145.1K07/210.68 mi154, Brankholm Brae, Hamilton ML3 9QR2
£87.5K12/210.82 mi44, Chantinghall Road, Hamilton, Lanarkshire ML3 8NG2
£163.1K10/210.85 mi47, Russell Street, Hamilton, Lanarkshire ML3 0QW2
£132K09/210.86 mi61, Alford Avenue, Blantyre, Glasgow G72 0GS2
£83K05/210.87 mi26, Woodhead Crescent, Hamilton, Lanarkshire ML3 8TB2
£95K06/210.9 mi9, Carron Court, Hamilton ML3 8TD2
£120K02/210.91 mi33, Linden Lea, Hamilton, Lan ML3 9AE2
£125K03/240.97 mi54, Windsor Gardens, Hamilton, Lan ML3 0ND2
£77K12/210.98 mi6, Atholl Court, Blantyre, Glasgow, Lanarkshire G72 0YU2
£127.6K03/210.98 mi42, Birdsfield Street, Hamilton ML3 0RD2

Local Rents

31 rents from £550/mo to £2.7K/mo, average is £780/mo.

RentDateDistanceAddressBeds 
£1,00012/240.17 mi-2
£65005/240.18 mi-2
£65005/240.18 mi-2
£96001/250.21 mi-2
£1,15005/240.29 miShaw Drive, Hamilton, ML32
£1,15005/240.29 mi-2
£65006/240.31 miGordon Terrace, Hamilton2
£80005/240.32 miBelhaven Road, Hamilton2
£75011/240.39 mi-2
£72511/240.39 mi-2
£69502/240.39 mi-2
£55005/240.39 miThornhill Road, Hamilton2
£67512/240.4 miKenilworth Crescent, Hamilton2
£79506/240.41 miKirkfieldbank Way, Hamilton, Lanarkshire, ML32
£79505/240.48 miTownhill Road, Hamilton, ML32
£59503/240.5 miFleming Way, Hamilton, ML32
£92512/240.5 mi-2
£69506/240.51 miHill Street, Hamilton, South Lanarkshire, ML32
£2,70002/250.52 mi-2
£85008/240.52 mi-2
£79505/240.53 miSutherland Crescent, Hamilton, Lanarkshire, ML32
£69505/240.53 miFleming Court, Hamilton2
£80003/250.55 mi-2
£72506/240.57 mi51, King Street, Hamilton, ML3 9JH2
£75005/240.57 mi-2
£78012/240.57 mi-2
£79506/240.58 mi-2
£79506/240.58 miAilsa Court, Hamilton, ML32
£78012/230.59 mi-2
£77505/240.6 miPhilips Wynd, Hamilton2
£82502/250.61 mi-2

Local Area Statistics

Population in Hamilton

51,585

Town centre distance

1.27 miles away

Nearest school

0.10 miles away

Nearest train station

1.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £120,000

March 18, 2025

Floor Plans

Description

CLOSING DATE FRIDAY 28th MARCH @ 12 Noon Attention Investors! Seize the opportunity to acquire this charming two-bedroom bungalow nestled within the sought-after neighbourhood of Balfron Crescent, Hamilton. Though in need of modernisation, this property boasts enormous potential for those looking to put their stamp on a home.

Set across one level, this residence offers a layout that includes two cosy bedrooms, a bathroom, and reception areas with a canvas ready for rejuvenation. The property's current dated aesthetic is a blank slate for renovation, presenting an ideal project with the scope to extend (subject to planning permission) and enhance value.

Outside, the bungalow benefits from a private driveway, addressing your parking needs. Located in a desirable area, this property promises to be a sound investment. Capitalise on this prospect to transform and craft a modern abode or a lucrative rental opportunity. Don't let this fixer-upper with boundless potential slip away!

Agent Details

Momo Homes, Hamilton

01698 538053

Next Steps?

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