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Dunoon, Argyll, Scotland
a large 6 bedroom, 3 reception room house with potential for conversion into apartments or use as an HMO with water views.
There is also land to the side which could provide building land for further properties.
16.6% discount for a quick completion.
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View from the property
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Discount price |
£250,000 |
Property Price |
£300,000 |
Instant Discount |
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Conversion potential |
Yes |
Plot potential |
Yes |
Unit type |
6 bedroom 3 reception room house |
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| Property details |
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| There is so much information to pack into the details of this property it is difficult to know where to start. The property is available with this discount as the vendor was recently been let down by a builder who wished to buy the property.
This is a huge 6 bedroom, 3 reception room semi detached house with fantastic water views as you can see from the picture below. It also has 2 kitchens! Yes two kitchens although we haven't asked the owner why.
The property attached to this has been converted into apartments a few years ago, so it looks like a planning precedence has been set if the new owner wished to do the same.
The property also benefits from a piece of land to the side which the owner believes has the potential subject to planning to build two further houses.
 
The views from the property are fantastic as you can see from the main picture.
This property has so much potential for the adventurous investor.
Market price £300,000
Purchase Price £250,000
Instant Equity £50,000
Potential rent as an HMO based on 7 rooms £1820 per month
Based on a room rate of £60 per week.
Pinnacle Property finders fee is 2% + vat of the gross price
Type of property: Semi-detached house
Type of tenure: Freehold
No. of bedrooms: 6+
No. of reception rooms: 3
No. of bathrooms: 3
Garage: Yes
Off-street parking: Yes
Condition of property: Reasonable
Does property need...
A new kitchen: No-Replaced 2003
A new bathroom: No-Replaced 2005
A new heating system: No-Done 2006
Re-wiring: No
Re-plumbing: No
Re-decorating: No
New windows: Yes Single glazed
New flooring: No
Any other comments: New backdoor required/repaired
The information above has been supplied by the vendor. A buyer would need to satisfy themselves that this information is correct.
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| 10 year price table |
| The table below shows how the property purchased at a net price of £135,995 could grow over the next 10 years at 2%, 5% and 8% |
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Yr1 |
Yr2 |
Yr3 |
Yr4 |
Yr5 |
Yr6 |
Yr7 |
Yr8 |
Yr9 |
Yr10 |
Potential growth |
2% |
£138,714 |
£141,489 |
£144,318 |
£147,205 |
£150,149 |
£153,152 |
£156,215 |
£159,399 |
£162,526 |
£165,777 |
£50,181 |
5% |
£142,794 |
£149,934 |
£157,431 |
£165,302 |
£173,567 |
£182,246 |
£191,358 |
£200,926 |
£210,972 |
£221,521 |
£105,925 |
8% |
£146,874 |
£158,624 |
£171,314 |
£185,019 |
£199,821 |
£215,806 |
£233,071 |
£251,717 |
£271,854 |
£293,603 |
£178,007 |
Prices can go up as well as down
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Call us now on the sales reservation line for further details
Tel 07887 512597
or
click on the call back request link below and we will call you
Call back request |
| Disclaimer |
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The details contained in this brochure are for guidance only. Any photographs, illustrations, plans and sizes, only give a general indication of the proposed development. The developer operates a policy of continuous development and features, specifications and external treatments may vary. The developer reserves the right to alter any part of the development.
Particulars described in this brochure should not be relied upon as accurately describing any specific matters. Tables, projections and profit forecasts, are provided for illustrative purposes only. Property values and assumed rentals can decrease as well as increase. No express or implied income claims are made herein. Neither Pinnacle Property Association/Pinnacle Property Link Ltd nor any of its partners, directors,
e employees or representatives will be liable for damages arising out of or in connection with the use of information provided in this document.
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Copyright © 2008 Pinnacle Property Association. All rights reserved. |
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