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2 bed flat
Knockhill Road, Renfrew
£75,000
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Our Summary
- Estimated market rent of £650 pcm, offering substantial uplift potential
- The property is currently tenanted at £400 pcm and offers significant scope for rental growth, with market evidence indicating an achievable rent of approximately £650 pcm
- The difference between the current rent and estimated market level equates to a potential increase of £250 pcm, or £3,000 per annum, offering investors the opportunity to enhance returns and improve overall yield over time
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Description
The property is a 2-bedroom flat on Knock Hill Road in Paisley. It is currently tenanted at £400 pcm, with estimated market evidence indicating a potential increase to approximately £650 pcm, providing a reversionary opportunity of £3,000 per annum. The flat is part of a 7-unit residential investment portfolio and benefits from a strong rental market in the West of Scotland.