2 bed Flat For Sale £30,000
Drumfrochar Road, Greenock PA15

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• Prime Property Auctions is excited to present this exceptional BRRR Opportunity! Vacant 2 bedroom spacious flat, located within a easy lettable area located in Greenock *Guide price £30,000*

 

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• *Newton Street, Greenock previously sold for £75,000,  Flat 1/1, 27 Bank Street, Greenock PA15 4PH sold for £75,000, 22 Bank Street, Greenock, PA15 sold for £70,000*

 

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• Once fully renovated, for rental purposes, the property could command a rental income of 475pm - 600 P/M,  £5700- £7200 P/A, which would provide an exceptional gross yield of 19% - 24% based on a guide price of £30,000. *HIGH YIELDING*

 

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• Property offers Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location.

 

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• Property is located near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport easily accessible nearby.

 

Prime Property Auctions is excited to present this exceptional BRRR Opportunity! Vacant 2 bedroom spacious flat, located within a easy lettable area located in Greenock *Guide price £30,000*

 

Property comprises: Entrance hallway, large 2 bedrooms, living room, kitchen and bathroom. Council tax band

 

Property not currently suitable for habitation. Property will require a small degree of renovation prior to habitation

 

Once fully renovated, for rental purposes, the property could command a rental income of 475pm - 6000 P/M,  £5700- £7200 P/A, which would provide an exceptional gross yield of 19% - 24% based on a guide price of £30,000. *HIGH YIELDING*

 

Sure to appeal to shrewd builders/investors/developers looking for a rare project with remarkable capital growth potential.

 

Sale Evidence: 

 

*Newton Street, Greenock previously sold for £75,000,  Flat 1/1, 27 Bank Street, Greenock PA15 4PH sold for £75,000, 22 Bank Street, Greenock, PA15 sold for £70,000*

 

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: 

 

Greenock, situated on the scenic banks of the River Clyde, offers a promising investment opportunity with its strategic location and potential for growth. As a historic port town with a rich maritime heritage, Greenock boasts a diverse economy supported by industries such as shipping, manufacturing, and marine engineering. Its proximity to Glasgow and excellent transportation links make it an attractive destination for businesses and commuters. Investors can capitalise on Greenock's expanding housing market, revitalization projects, and waterfront developments to drive economic growth. Additionally, the town's cultural attractions, recreational amenities, and stunning waterfront views create opportunities for tourism and leisure ventures. Investing in Greenock not only promises financial returns but also contributes to the ongoing revitalization and prosperity of this vibrant coastal community in Scotland.