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Guide Price

£20,000

Flat 2-2, 40 Sir Michael Street, Greenock, PA15 1PL

Residential

flat

Vacant

1

bed

1

bath

1

reception

Tax band: A

Freehold

Floorplan

View Floorplan

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Attractive Residential Opportunity

Description

  • PRIME NEW LISTING. We are excited to present this 40 Sir Michael Street, Flat 2-2, Greenock, PA15 1PL located within a prime location in Greenock.
  • Sales Evidence: *Flat 2-2, 13, Brisbane Street, Greenock PA16 8LJ sold for £87,000, Flat Ground-1, 15, Dempster Street, Greenock PA15 4NL sold for £43,000, Flat 3-2, 6, Brisbane Street, Greenock PA16 8LN sold for £62500*
  • This vacant one-bedroom apartment offers a potential rental income of £400 per month (£4,800 per annum), presenting an excellent buy-to-let opportunity.
  • The property requires some renovation, offering superb scope for personalisation and an exciting opportunity to create a dream home or investment.
  • Set in a sought-after area with strong transport links and easy access to amenities, this affordable flat will appeal to investors and owner-occupiers alike.

PRIME NEW LISTING. We are excited to present this 40 Sir Michael Street, Flat 2-2, Greenock, PA15 1PL located within a prime location in Greenock.

The property comprises a welcoming entrance hallway, one bedroom, a bathroom, a bright living room, a kitchen and ample storage throughout.

As the property is vacant, it offers a potential rental income of £400 per month (£4,800 per annum) based on current market rates, rather than current rental income. This presents a remarkable opportunity for buy-to-let landlords seeking a readily lettable asset, while also appealing strongly to first-time buyers, those looking to downsize, or anyone searching for a home that is ready for new owners or tenants to move into following improvement works.

The property requires a degree of renovation to unlock its full potential but would be a perfect opportunity for an owner-occupier looking for their dream home with amazing potential for customisation.

The flat benefits from being in a sought-after area with great transport links to local amenities, making it a perfect buy for a shrewd investor, student, or young professional looking for an affordable flat.

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 2-2, 13, Brisbane Street, Greenock PA16 8LJ sold for £87,000, Flat Ground-1, 15, Dempster Street, Greenock PA15 4NL sold for £43,000, Flat 3-2, 6, Brisbane Street, Greenock PA16 8LN sold for £62500*

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.

Greenock is a well-connected coastal town that offers an appealing mix of everyday convenience, attractive green space and strong transport links. Residents benefit from a good range of local shops, supermarkets, cafes and essential amenities, along with nearby parks and waterfront walks that add to the area’s lifestyle appeal. The town is popular with a broad range of buyers and tenants, including professionals, families and downsizers, thanks to its accessible setting and established residential character. Regular rail and road connections provide straightforward travel to Glasgow and surrounding areas, making Greenock a practical and appealing place to live.

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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.