2 Bed Terraced House, Refurb/BRRR, Glasgow, G44 5BE, £160,000

Carna Drive, Simshill, Glasgow, G44 5BE - 8 days ago

Cash
Refurb/BRRR
ROI: 6%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£108K - £385K

 

 

Square Metres

~68.11 m²

Value Estimate

£121,750

 

 

End Value (After Refurb)

£111,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£26,658

Bridging Loan Interest

£4,200

Total Cash In

£81,808

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£111,000

Mortgage (After Refinance)

£83,250

Mortgage LTV

75%

Cash Left In

£81,808

Equity

£27,750

Rent Range

£725 - £1,295

Rent Estimate

£958

Running Costs/mo

£558

Cashflow/mo

£400

Cashflow/yr

£4,794

ROI

6%

Gross Yield

7%

Local Sold Prices

23 sold prices from £108K to £385K, average is £181.7K.

PriceDateDistanceAddressBeds 
£236.2K05/210.05 mi65, Carna Drive, Glasgow G44 5BE2
£203K06/210.05 mi105, Carna Drive, Glasgow G44 5BE2
£207K11/210.05 mi81, Carna Drive, Glasgow G44 5BE2
£226.1K02/240.1 mi79, Elmore Avenue, Glasgow G44 5BH2
£181.7K02/210.13 mi72, Elmore Avenue, Glasgow, Gla G44 5AY2
£201.3K09/210.13 mi84, Elmore Avenue, Glasgow G44 5AY2
£176.5K07/210.22 mi63, Orcades Drive, Glasgow G44 5DP2
£385K07/210.26 mi3, Woodlinn Avenue, Glasgow G44 5TY2
£193.1K02/210.27 mi69, Farne Drive, Glasgow, Gla G44 5DQ2
£230.5K06/210.28 mi157, Farne Drive, Glasgow G44 5DN2
£170K02/240.63 mi25, Tankerland Road, Glasgow G44 4EN2
£272.8K11/210.64 mi46, Kingsacre Road, Glasgow, Gla G44 4LP2
£133.4K07/210.68 mi21, Westcastle Crescent, Glasgow G45 9DE2
£158K08/210.68 mi19, Linnwood Court, Glasgow G44 3JB2
£120K10/230.76 mi15, Croftfoot Quadrant, Glasgow G45 9HN2
£108K02/210.76 mi71, Croftfoot Quadrant, Glasgow G45 9HN2
£230.8K11/210.84 mi44, Brenfield Avenue, Glasgow G44 3LR2
£147K11/210.92 mi33, Linndale Oval, Glasgow G45 9QT2
£300K05/210.92 mi24, Coylton Road, Glasgow G43 2TB2
£145K05/210.94 mi6, Machrie Street, Glasgow, Gla G45 0AF2
£140K11/230.97 mi49, Downcraig Road, Glasgow G45 9PB2
£155K02/240.97 mi77, Downcraig Road, Glasgow G45 9PB2
£150.1K05/211 mi49, Kirkconnel Drive, Rutherglen, Glasgow, Lanarkshire G73 4PT2

Local Rents

43 rents from £725/mo to £1.3K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£93004/240.24 miCathcart, Craig Terrace, G44 3AD - Unfurnished2
£85010/230.36 mi-2
£87505/240.36 mi-2
£87505/240.36 mi-2
£87504/240.36 miCroftfoot, Glasgow, G442
£87504/240.36 miCroftfoot, Glasgow, G442
£87505/240.36 miCroftfoot, Glasgow, G442
£99504/240.38 miMillholm Road, Glasgow, Lanarkshire2
£99503/250.38 mi-2
£99504/240.38 miCrofton Avenue, Croftfoot2
£75012/230.42 mi-2
£75012/230.42 mi-2
£78512/230.45 mi-2
£81002/250.45 mi-2
£1,05005/240.46 miCathcart, Old Castle Gardens, G44 4SP-furnished 2
£90003/240.46 mi-2
£90004/240.46 miCroftfoot, Glasgow, G442
£85001/240.48 mi-2
£78501/250.49 mi-2
£72503/250.49 mi-2
£1,05011/230.49 mi-2
£95004/240.49 miOld Castle Gardens, Cathcart, Glasgow, G442
£1,20005/240.5 mi-2
£1,20012/240.5 mi-2
£1,20005/240.5 miOld Castle Gardens, Glasgow, G442
£95001/250.5 mi-2
£1,10002/240.52 mi-2
£1,20009/240.52 mi-2
£99502/250.52 mi-2
£1,29510/240.54 mi-2
£1,00004/240.54 mi158, Kings Park Road, Glasgow, G44 4SU2
£77505/240.55 miDrakemire Drive, Croftfoot2
£1,19505/240.56 miGreenholme Street, Mount Florida, Glasgow, G442
£1,25005/240.56 miGreenholme Street, Cathcart, Glasgow, G442
£1,20012/240.57 mi-2
£95004/240.57 miGreenholme Court, Flat 3/3 , Greenholme Street, Cathcart, Glasgow, G44 4DU2
£92504/240.59 miTulloch Street, Glasgow, G442
£92504/240.59 mi-2
£87505/240.6 miRannoch Street, Cathcart, Glasgow, G442
£90005/240.61 miKings Park Road, Glasgow, G44 4SX2
£92504/240.62 miKingspark, Kingspark Road, G44 4SX - Unfurnished2
£82505/240.62 mi-2
£82504/240.62 miHolmhead Place, Glasgow, G442

Local Area Statistics

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+79%

Property History

Listed for £160,000

March 28, 2025

Floor Plans

Description

  • 2 Bedroom Mid Terraced Villa +
  • Popular Location +
  • Front & Rear Gardens +
  • Gas Central Heating & Double Glazing +

Presenting to the market this spacious 2 bedroom, elevated Mid Terraced Villa, requiring a modicum of modernisation, which is reflected in the asking price and gives the purchaser the opportunity to redesign to suit to their own taste and requirements. Early internal inspection highly recommended.

Viewing by appointment only.

Accommodation comprises; door to entrance hallway providing access to all lower apartments. There is also a good sized walk in cupboard under the stairs. The lounge cum dining is off the hallway and is a great sized apartment with room for full sized dining table and chairs. The kitchen has a range of wall and base units with space for further appliances. There is a door leading out to rear gardens.

Upstairs are 2 good sized double bedrooms and access to the loft, which is a great space for storage or converting to a living space, subject to usual consents, is by way of a hatch. Completing the accommodation is the family bathroom comprising 3 piece suite. Finally there is gas central heating and double glazing. Externally there are gardens to front and rear.

The property is peacefully located within a quiet pocket in the most sought after area of Simshill yet close to local shops and amenities at Croftfoot roundabout for ones day to day requirements. Burnside is a short drive away for more extensive shopping as is East Kilbride and Shawlands where you will find an eclectic mix of eateries and bars. There is also renowned schooling at both primary and secondary levels, excellent transport links and easy access to the motorway network.

Council Tax Band D
Energy Efficiency Rating Band C

Proof and source of Funds/Anti Money Laundering.
Under the HMRC Anti Money Laundering legislation, all offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds. This may include evidence of bank statements/funding source, mortgage or confirmation from a solicitor the purchaser has the funds to conclude the transaction.
All individuals involved in the transaction are required to produce proof of identity and proof of address. This is acceptable either as original or certified documents.

1. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
2. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
3. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 4. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Austin Beck, Burnside

0141 673 4598

Next Steps?

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