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NEW: Lamont Crescent

Off market deal funded via SSAS loanback - completion in 5 weeks from viewing.
BUY-REFURBISH-RENT-REFINANCECumnock East Ayrshire
Description
Info
LOCATION
Description
Info
LOCATION

Description

This is a detached house with 3 Bedrooms, located in Cumnock and New Cumnock Wards of East Ayrshire District, Scotland.

The property will be refurbished to the highest standard and with the highest care and attention to detail. The house will be with all the original fixtures and fittings, including the kitchen and bathroom, which were thoroughly cleaned and disinfected prior to moving in. All electrical appliances were replaced with top of the range items and all flooring will be renewed or will be replaced as required.

 

NEW: Lamont Crescent
BUY-REFURBISH-RENT-REFINANCE
Off market deal funded via SSAS loanback - completion in 5 weeks from viewing.
Year built
1960
Area Size
1152
sq. ft
Bathrooms
1
Bedrooms
3
Rooms
7

Address

8 Lamont Crescent
Cumnock
East Ayrshire
see on map
see on map

Property Timeline

29th November 2022
Refurbishment Started
Wallpaper Removed

The team has removed a lot of wallpaper. Some have proved to be very tricky but we were able to get through it.

16th January 2023
The Outside Work
Back Garden plus some works at the Kitchen

The tree in the back garden and stumps have gone - removing a potential danger. The refurb team had the smart idea to recycle the wood chips which have now been laid on the new border on the gable end. Initial fencing work as started, and the front has been cleared in preparation for a new drive. Massive amount of graft in this in rainy and freezing conditions - with the posts being secured in big clumps of concrete/brick. The rear space has really opened up with removal of the tree.

Inside the old kitchen has gone and the ply boards removed from the internal wall as per the architect’s concept and technical designs. You can really see the new layout for the first time and the emergence of the multi-functional kitchen/dining/living space. Upstairs, the wall boards are sheeted and ready for plastering.

The team has made great progress working around the issue with the concrete/asphalt floor - and they’ve found another builder who can repair the floor

19th January 2023
Work on Fence
Fencing at Front

The fencing for the front and side of the house is now complete - no mean feat in sub-zero, freezing conditions. The space for the new drive is now nicely framed - and the excavation work is happening this week.

18th April 2023
New Update
Back on Track!

A new fresh approach to 8LC refurbshment.
Our new team is starting from the ground up, demolishing the existing structure and reconstructing it with modern features like energy efficient insulation. This allows us to move quickly through the construction phase and improve the energy performance certificate.

20th April 2023
Floor Damage
Challenges unfold.

A large amount of concrete and asphalt will have been cleared away in order to uncover the full extent of the issue. This task is a difficult one, however, it is necessary to guarantee that the infrastructure is secure and dependable. Additionally, the builder and architect have worked hand in hand to establish a solution to the structure of the new floor.

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25th April 2023
Asbestos Test Needed
Asbestos Strikes again.

After an extensive asbestos removal procedure, we had to arrange for another examination of the flue as it may have been lined with asbestos.

27th April 2023
Underfloor
The Underfloor issue

Photo displays of the actions we take to bring a digger inside! The floor was also a problem for us. We are unable to get very deep because the only thing holding up the upstairs is a concrete pad.

28th April 2023
Inside Flooring and the Entrance
Clearing Inside

Got a ton of load and cleared it up. Photos shows an actual view of the flooring inside. For the entrance, were going to build new stairs and put the same slabs.

5th May 2023
Another View of the Inside
More Tons Taken Away

The elimination of a floor-breaking chimney and another skip full of trash, gives more space in both rooms. The asbestos was removed by the asbestos removal service. The demolition of the upstairs has been completed, repaired the loft area where the previous chimney had been, and sealed off the roof.

19th May 2023
Before the Cement Pour and the Upstairs View
Concrete is going in

The video shows the floor before the cement being poured in. Also Upstairs it’s all wired. All the plasterboard that is near complete. Tapeing and filling is started so plasterboard will be completed.

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22nd May 2023
After the Cement Pour
Cements are in.

A massive milestone to have the concrete poured. A big one pour in about 4.4 cubic meters.

30th May 2023
The Entrance
Timber in the Entrance

The timber has been installed in the entrance. All pretreated (waterproofed).

16th June 2023
Inside New Look Update
Massive change

Got almost all ceilings and walls framed.
The next step will be to install the electrical cables and plumbing pipes. Once those are in place, the walls and ceilings can be sheeted with drywall to complete the framing. Then it will be ready for the kitchen to be fitted.

30th June 2023
More View of the Inside
New Update from the Inside

Here is another update and more views of the inside plus a sneak peek of the new bathroom.

>
17th July 2023
The Doors

New doors in front and back were installed.

NEW: Lamont Crescent

Financial overview

Purchase Price
£56,000
Rent
£625
Yield
13.39%
ROI
13.9%
ROCE
57.3%
DUV (Done Up Value)
£85,000

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