27F Ewing Road, Lochwinnoch, Renfrewshire

Description

Tenanted two bedroom maisonette arranged over two levels within a five-storey building. The property has elevated windows with far-reaching views across the village and surrounding countryside towards the loch, communal gardens surrounding the building, and shared and on-street parking nearby. It is currently let at £575 per calendar month, producing an annual rental income of £6,900. Home Report valuation: £55,000. Council Tax Band B.

Accommodation

Entrance hallway, bright lounge with access to a private balcony, kitchen, landing, two well-proportioned bedrooms and a bathroom.

Location

Lochwinnoch is a sought-after village in Renfrewshire, set on the edge of Clyde Muirshiel Regional Park and close to Castle Semple Loch. The village offers shops, cafés, a primary school and a strong community feel. Lochwinnoch railway station provides direct services to Glasgow Central, and the A737 gives access to Paisley, the M8 and Glasgow Airport.

Tenure / Property Information

Investment Analysis

Home Report valuation is £55,000, compared with the £43,000 guide. The property is already let at £575 pcm, supporting an attractive headline gross yield, although no external rental or sold comparables were supplied. Analysis assumes no refurbishment allowance because no works are evidenced.

Investment Snapshot

Strategy Recommendation

Buy-to-let appears the most supportable strategy, subject to legal-pack review, tenancy verification and confirmation that no material works are required.

Works Required

No specific works are supported by the evidence. Confirm condition, common-area obligations and any required repairs through the legal pack and inspection.

Rental & Market Context

Potential BRRR Position

Using the £55,000 Home Report valuation, 75% refinance is approximately £41,250. Against the guide plus the stated buyer/admin charge, indicative cash left in is £3,298, assuming no refurbishment cost and excluding other fees, finance and tax. Actual refinancing depends on lender valuation, tenancy and affordability criteria.

Buy-to-Let Analysis

At the stated passing rent of £575 pcm, annual rent is £6,900. Gross yield is approximately 16.05% on the £43,000 guide and 15.48% including the 3.6% buyer/admin charge, before finance, tax, maintenance, voids and other disbursements. The tenant is long-standing and keen to remain, but tenancy terms and payment history require verification.

Flip Analysis

A £55,000 base GDV against the £43,000 guide and £1,548 buyer/admin charge leaves £10,452 before selling costs, finance, tax and any works. No supported selling-cost allowance or refurbishment budget was supplied, so a reliable flip surplus cannot be established.

Investor Risks & Due Diligence

• The £575 pcm rent is stated passing rent, but no tenancy agreement or payment history was supplied.

• Other legal, search, transfer and seller-cost disbursements may be payable.

• No condition survey or refurbishment evidence was supplied.

• Refinance value and availability are not guaranteed by the Home Report valuation.

• Gross yields exclude finance, tax, maintenance, voids, management and other ownership costs.

Recommendation

Buy-to-let appears the most supportable strategy, subject to legal-pack review, tenancy verification and confirmation that no material works are required.

Strategy Rating

Analysis Confidence

The Home Report valuation, guide, tenancy rent and buyer charge are supplied, but there are no external comparables, condition details, legal-pack disbursements or refurbishment evidence.