3 Bed Flat, Single Let, Glasgow, G53 5PD, £95,000

Meiklerig Crescent, Glasgow, G53 5PD - a month ago

BTL
ROI: 5%
~93 m²
+23 photos

ValuationOvervalued

Sold Prices£75K - £204K

 

 

Square Metres

~93 m²

Value Estimate

£92,750

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Total Cash In

£29,700

 

 

Cash Out

 

Rent Range

£830 - £1,200

Rent Estimate

£550

Running Costs/mo

£427

Cashflow/mo

£123

Cashflow/yr

£1,478

ROI

5%

Gross Yield

7%

Local Sold Prices

45 sold prices from £75K to £204K, average is £108K.

PriceDateDistanceAddressBeds 
£121.8K10/210.14 mi70, Templeland Road, Glasgow G53 5PG3
£105K08/210.15 mi67, Templeland Road, Glasgow G53 5PQ3
£79.5K08/240.17 mi80, Hapland Road, Glasgow, Gla G53 5PW3
£122K05/210.17 mi46, Barnbeth Road, Glasgow G53 5UQ3
£122K02/240.18 mi44, Barnbeth Road, Glasgow G53 5UQ3
£108K02/240.26 mi89, Lyoncross Road, Glasgow G53 5UT3
£78K02/210.33 mi144, Kinnell Avenue, Glasgow, Gla G52 3RU3
£110.5K03/210.36 mi67, Langton Crescent, Glasgow G53 5LW3
£105K03/210.39 mi51, Calfhill Road, Glasgow G53 5YS3
£75K11/210.4 mi858, Mosspark Drive, Glasgow G52 3DA3
£105K10/210.43 mi75, Gauldry Avenue, Glasgow G52 3DR3
£85K04/210.43 mi67, Gauldry Avenue, Glasgow G52 3DR3
£85.5K05/210.45 mi185, Muirdrum Avenue, Glasgow G52 3AP3
£112K12/210.47 mi914, Mosspark Drive, Glasgow, Gla G52 3DB3
£110K12/210.47 mi31, Inchbrae Road, Glasgow G52 3HA3
£87K02/210.47 mi17, Inchbrae Road, Glasgow G52 3HA3
£116.6K07/210.47 mi47, Towerside Crescent, Glasgow G53 5RS3
£103.2K06/210.5 mi103, Kirriemuir Avenue, Glasgow G52 3DP3
£125K02/240.5 mi111, Kirriemuir Avenue, Glasgow G52 3DP3
£144K06/240.52 mi20, Towerside Road, Glasgow G53 5RX3
£100K11/210.53 mi95, Tarfside Avenue, Glasgow G52 3BH3
£108K10/210.54 mi112, Arbroath Avenue, Glasgow G52 3HJ3
£145K04/240.55 mi78, Neilsland Oval, Glasgow G53 5EW3
£100K03/210.56 mi131, Arbroath Avenue, Glasgow G52 3HH3
£100K05/240.57 mi44, Beltrees Crescent, Glasgow G53 5TQ3
£110K07/210.6 mi32, Southfield Crescent, Glasgow G53 5DG3
£102K04/210.61 mi46, Bucklaw Terrace, Glasgow G52 3BW3
£115K05/210.61 mi15, Moulin Circus, Glasgow G52 3JY3
£110K10/210.61 mi18, Moulin Circus, Glasgow G52 3JY3
£85K02/210.61 mi27, Bucklaw Terrace, Glasgow G52 3BP3
£132.5K02/240.64 mi7, Langton Road, Glasgow G53 5DF3
£116K12/210.74 mi15, Myres Road, Glasgow G53 5HY3
£110K05/240.74 mi36, Myres Road, Glasgow G53 5HY3
£95K09/210.77 mi39, Cornalee Road, Glasgow G53 5AN3
£117.5K02/240.8 mi47, Traquair Drive, Glasgow G52 2TB3
£105.3K04/210.82 mi54, Carnock Road, Glasgow G53 5JN3
£125K08/240.82 mi32, Carnock Road, Glasgow, Gla G53 5JN3
£146K03/210.83 mi139, Cairnhill Circus, Glasgow G52 3NW3
£204K10/210.89 mi25, Corkerhill Road, Glasgow G52 1SG3
£75K02/210.93 mi81, Haughburn Road, Glasgow, Gla G53 6AN3
£99K11/210.94 mi72, Belses Drive, Glasgow G52 2DJ3
£187K03/210.94 mi17, Lednock Road, Glasgow G52 2SJ3
£157.3K03/210.94 mi55, Moness Drive, Glasgow G52 1ER3
£83K07/210.95 mi61, Dryburn Avenue, Glasgow G52 2SA3
£92K06/210.99 mi49, Innerwick Drive, Glasgow G52 2HY3

Local Rents

17 rents from £830/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,20004/250.28 mi-3
£95004/240.39 miMosspark Drive, Cardonald, G52 3AU3
£99510/240.4 mi-3
£95004/240.44 mi-3
£89504/240.44 mi-3
£95004/240.44 miMuirdrum Avenue, Glasgow, G523
£83004/240.45 miTrinity Avenue, Glasgow, G523
£87504/240.45 miBaldovie Road, Glasgow, G523
£89501/250.47 mi-3
£99501/240.47 mi-3
£89504/240.5 mi-3
£95004/250.56 mi-3
£1,10004/240.57 miArbroath Avenue, Cardonald, G523
£99504/240.57 mi-3
£99504/240.57 miLammermoor Avenue, Glasgow, G523
£1,19501/250.6 mi-3
£97505/240.62 mi-3

Local Area Statistics

 

 

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £95,000

March 21, 2025

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenants Currently Situated +
  • Good Condition +
  • Rear Garden Space +
  • Easy Access to Local Amenities +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

This 3 bedroom flat in Glasgow offers a prime investment opportunity. It boasts valuable amenities in close proximity, promising rewarding rental returns and a current tenant.

The well-maintained property features 3 bedrooms, spacious lounge, three-piece and ensuite bathroom, and kitchen in good condition. It also includes a rear garden space.

Investment Details:

The property currently generates an annual gross income of £6,600 which has the potential to be increased to a market rate of £9,000 with the current tenants in place. Considering the purchase price, this investment presents a substantial opportunity for investors seeking to expand their portfolio.

For further details on the property's investment potential, please refer to the attached Let Property Pack.

Should you express interest in this property, please contact us.

Tenancy Details:

The current tenants have consistently paid their rent throughout their tenancy and have no intention of relocating. They are committed to remaining in the property.

Let Property Sales is dedicated to facilitating a seamless transaction process and ensuring mutual commitment from both parties. To secure a property, a fully refundable buyer's premium may be applied. This premium is not an additional cost and is refunded in the event of non-completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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