- Prime Property Auctions New Entry. Large 3 bedroom upper cottage flat, sold with tenant in situ. Immediate Cash flowing Investment - ***Guide Price £78,000*** *** HOME REPORT VALUATION £100,000***
- *** 232 Redpath Drive, Glasgow, G52 2ER previously sold £125,550, , 69 Reston Drive, Cardonald, Glasgow, G52 2LP sold for £122,000 Oct 2021 ***
- Property is professionally managed by local letting agent. Long term tenant been in situ since 2016.
- Property is currently £550 per calendar month which is low for the area. Property has a market rental value of £795 per calendar month.
- Property is located close to a host of local amenities including a mainline railway station, local schools and shops within easy walking distance.
Prime Property Auctions New Entry. Large 3 bedroom upper cottage flat, sold with tenant in situ. Immediate Cash flowing Investment. *** HOME REPORT VALUATION £100,000*** Property comprises: Entrance Hallway, Lounge, 3 Bedrooms, Kitchen and Bathroom.
Property is professionally managed by local letting agent. Long term tenant been in situ since 2016. Property is currently producing £550 per calendar month which is low for the area. Property has a market rental value of £795 per calendar month.
Property would benefit from small degree of renovation to increase its capital value. Excellent sales evidence in local areas: *** 232 Redpath Drive, Glasgow, G52 2ER previously sold £125,550, , 69 Reston Drive, Cardonald, Glasgow, G52 2LP sold for £122,000 Oct 2021 ***
Sure to appeal to buy to let landlords looking for an excellent long term rental property that has vast potential for capital and rental growth.
This property would provide a gross rental yield of 8% if achieved for Guide Price of £78,000. This property has a potential rental yield of 9.5% if property was increased in line with market rent. For details on the tenancy please contact our office today.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” 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:
Reston Drive is well placed for a variety of amenities on nearby Paisley Road West. Further high street shopping can be found a short distance away at Silverburn and Braehead shopping complexes. Recreational pursuits can be found at Bellahouston Park. There are frequent public transport links located nearby by bus, rail and subway. The M8 motorway network is nearby and provides swift access to Glasgow City Centre and destinations further afield.
