3-bedroom flat · G84 7RH
Sold STCListed 177 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ferhome Estate Agents are delighted to present this exciting development opportunity.
This main-door, three-bedroom split-level conversion boasts a large private garden and significant potential for renovation and value uplift.
Given the condition and the “cash buyers only” note, this property is very unlikely to be mortgageable in its current state .
Lenders typically require a property to be habitable, with: A functional kitchen and bathroom Safe electrics and plumbing No major structural concerns Since this one requires full renovation , most standard residential lenders would decline it.
However, there are a few routes: Bridging finance – short-term loan to purchase and renovate, then refinance onto a mortgage Specialist refurbishment mortgages – some niche lenders may consider it, depending on condition and survey Cash purchase + refinance – buy outright, renovate, then remortgage once it meets lending criteria Upon entry, you are welcomed by a spacious hallway.
A staircase leads to the first level, which comprises a bathroom, a utility cupboard, and a generously sized double bedroom.
The upper level features a bright and spacious lounge, two further double bedrooms, and a kitchen.
Externally, the substantial private garden requires clearing but offers excellent potential, including the possibility of splitting the title deed and selling the land as a separate plot (subject to necessary permissions).
Centrally located on East King Street, the property enjoys open views over the nearby playing fields and benefits from a convenient setting.
Early viewing is highly recommended to fully appreciate the opportunity on offer. EPC Rating: D
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About East King Street, Helensburgh, G84
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