3 bed Flat For Sale £42,000
- ***prime property auctons Newest Listing***. Large 3 bedroom flat sold with tenant in situ. Property currently Tenanted at £460 pcm. Home report valuation £48,000
- *** 8 0/2, Cross Street, Paisley, PA1 2TS sold for £68,000 June 2020,20 Flat 2/4, Castle Street, Paisley, PA1 2JP sold for £75,000 June 2022***
- Sure to appeal to investors looking for a turn key investment. Long term tenant in situ and offers an attractive yield. Great potential for Capital growth.
- Property Is currently let on a prt agreement at £460 pcm which produces £5,520 per annum giving the property a gross rental yield of 13%% if achieved for Guide price of £42,000
- Property is located in the popular buy to let location of Paisley and is well positioned for all local amenities.
***prime property auctons Newest Listing***. Large 3 bedroom flat sold with tenant in situ. Property currently Tenanted at £460 pcm. Home report valuation £48,000
Property comprises: Second Floor - Entrance hall, lounge, kitchen, bedroom one, sitting room. Attic floor - Landing, bedroom two, bedroom three, bathroom.
Property Is currently let on a prt agreement at £460 pcm which produces £5,520 per annum giving the property a gross rental yield of 13%% if achieved for Guide price of £42,000.
Internally the property would benefit from freshening up. Once the property was freshly decorated it would demand a market rent of £550 - £575 which would take the gross yield to over 16%.
Sure to appeal to investors for a turn key investment. Property is in would benefit from minor improvements to unleash its true potential. *** 8 0/2, Cross Street, Paisley, Renfrewshire PA1 2TS sold for £68,000 June 2020,20 Flat 2/4, Castle Street, Paisley, Renfrewshire PA1 2JP sold for £75,000 June 2022,11 2/l, Walker Street, Paisley, Renfrewshire PA1 2EN sold for £66,000 May 2022***
Should the tenants move out the perspective buyers will have the chance to improve the property with the expected done up value of £70,000 - £75,000 for a freshly done up property.
Property is offered at a discount from Home report valuation to ensure a fast sale. You can make an offer now should you wish.
For further details relating to purchasing the property please contact our sales office for further information.
Property is open to immediate offers. Vendors will consider offers for a fast sale.
Location
Paisley lies within the Renfrewshire Council area, around 7 miles west of Glasgow City Centre and approximately 1 mile south of Glasgow International Airport. The town has experienced significant regeneration in recent years and benefits from several access points to the A737/M8 motorway and the A77/M77 extending on to Scotland's motorway network. The location benefits from excellent transport links with junctions 27 and 29 of the M8 motorway situated 1.5 miles away. Public transport is also readily available with Paisley Gilmour Street train station and regular bus services situated in the nearby area. The site is located to the north-west of Paisley Town Centre, in the Oakshaw area of the town, which is a quiet secluded area, predominately in residential use.
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