Find out what your property is worth in 60 seconds

Want to make an offer?

Guide Price

£30,000

See how much you could borrow

3/1, 16 King Street, Paisley, PA1 2PW

Residential

flat

Occupied

1

bed

1

bath

1

reception

Tax band: A

Freehold

Available documents

Request documents

We just need a few details before we can share any documents with you

Contact details

Success

Thank you for your document request for 3/1, 16 King Street, Paisley, PA1 2PW

We will be in touch soon

Floorplan

View Floorplan

How to buy at auction

We've created a handy video explaining the auction process, what to expect and how to prepare. You can watch it by clicking the link below.

Deadline for offers

3 days left

Attractive Turnkey Residential Opportunity

Description

  • PRIME NEW LISTING. We are excited to present this tenanted one-bedroom flat located within a prime location in Paisley.
  • Sales Evidence: **Flat 0/1, 35, Argyle Street, Paisley, PA1 2ES sold for £39,999; 30, Broomlands Street, Paisley, PA1 2NR sold for £39,750**
  • Currently occupied with a rental income of £275pcm (£3,300 per annum), offering immediate cash flow for buy-to-let landlords.
  • Sure to appeal to shrewd investors seeking a readily lettable, turnkey investment opportunity with excellent long-term rental potential.
  • The property enjoys a prime Paisley setting, close to local amenities and just 6 minutes from Gilmour Street Station for links into Glasgow City Centre.

PRIME NEW LISTING. We are excited to present this tenanted one-bedroom flat located within a prime location in Paisley.

The property comprises a welcoming entrance hallway, a bright and airy living room, a well-appointed kitchen, a bathroom, and a spacious bedroom. The flat further benefits from ample storage throughout, adding to its practicality and appeal for tenants.

The property is currently occupied with a rental income of £275pcm (£3,300), and market rent in the region of £500-£600pcm (£6,000-£7,200 per annum), making this an excellent opportunity for buy-to-let landlords seeking immediate cash flow from a readily lettable, turnkey investment. Based on current market rates, the property offers strong income potential and would be an attractive addition to any rental portfolio.

Sure to appeal to shrewd investors looking for a readily let investment opportunity with great yield potential.

The property is situated in a prime location in Paisley, close to local amenities and is just 6 minutes from Gilmour Street Station for transport into Glasgow City Centre.

The property is being offered at a fantastic discount to ensure a sale. It should appeal to anyone looking for a straightforward purchase with excellent upside potential.

The average monthly factoring fees are yet to be confirmed.

Excellent sales evidence in the area: **Flat 0/1, 35, Argyle Street, Paisley, PA1 2ES sold for £39,999; 30, Broomlands Street, Paisley, PA1 2NR sold for £39,750**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our Offer Now button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Paisley is a highly popular residential location offering an excellent range of local amenities, including shops, supermarkets, cafés and everyday services, all within easy reach. The area also benefits from a selection of schools, parks and attractive green spaces, making it appealing to families as well as professionals and tenants. Excellent transport links are a major draw, with rail connections and road networks providing straightforward access into Glasgow and beyond. Combining convenience, character and strong local demand, Paisley remains a favourable setting for both owner-occupiers and landlords alike.

Map

Deposit & Fee Calculator

10%, minimum deposit £5,000

3% subject to a minimum of £5,000 plus VAT

Total payable today if offer accepted (deposit + fee)

£11,000

Need help funding this purchase?

Finance is available on this property

Get Instant Decision

Virtual Tour

Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.