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Flat 1-3, 18 Blackhall Street, Paisley, PA1 1TF

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£35,000

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Guide Price

£35,000

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Flat

Residential

Vacant

Flat 1-3, 18 Blackhall Street, Paisley, PA1 1TF

1

bed

1

bath

1

reception

Council tax: A

freehold

Rare BRRRR Opportunity

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Floorplan

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Deadline for offers

6 days left

Description

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

  • **Flat 1/1, 5 Crossflat Crescent, Paisley PA1 1NS sold for £101,500 in 2023, Flat 2/2, 30 Barterholm Road, Paisley PA2 6PB sold for £128,000 in 2023, 15 Lylesland Court, Paisley PA2 6RR sold for £81,000 in 2023**

  • Once renovated, this property could achieve a monthly rental income ranging from £700 to £750, equating to an impressive annual income of £8,400 to £9,000. This offers a fantastic 24% to 25% gross yield, making it an enticing investment opportunity.

  • This flat presents a unique chance for an enterprising investor to employ the BRRRR strategy. Positioned in a highly desirable area with significant room for added value, it's an excellent purchase for those seeking rental income potential combined with capital growth.

  • Situated in a sought-after buy-to-let location, this flat is an ideal opportunity for a young professional or student looking to enter the property market. The potential to design and create a home from scratch adds immense appeal.

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

The property comprises an inviting entrance hall, a generously sized living room, a well-equipped kitchen, a spacious bedroom, and a modern bathroom.

Once renovated, this property could achieve a monthly rental income ranging from £700 to £750, equating to an impressive annual income of £8,400 to £9,000. This offers a fantastic 24% to 25% gross yield, making it an enticing investment opportunity.

This flat presents a unique chance for an enterprising investor to employ the BRRRR strategy. Positioned in a highly desirable area with significant room for added value, it's an excellent purchase for those seeking rental income potential combined with capital growth.

Situated in a sought-after buy-to-let location, this flat is an ideal opportunity for a young professional or student looking to enter the property market. The potential to design and create a home from scratch adds immense appeal.

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

Excellent sales evidence in the area:

**Flat 1/1, 5 Crossflat Crescent, Paisley PA1 1NS sold for £101,500 in 2023, Flat 2/2, 30 Barterholm Road, Paisley PA2 6PB sold for £128,000 in 2023, 15 Lylesland Court, Paisley PA2 6RR sold for £81,000 in 2023**

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 vibrant town in Renfrewshire, Scotland, renowned for its rich history and cultural attractions. As one of Scotland's largest towns, it offers an array of amenities including shopping centres, restaurants, and excellent transport links to Glasgow and beyond. Paisley's blend of historic architecture and contemporary facilities makes it an appealing place to live and invest in.

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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

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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.