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2 bed flat
Broadloan, Renfrew, Renfrewshire
£60,000
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Our Summary
- Estimated market rent of £650 pcm, offering scope for income growth
- The property is currently tenanted at £550 pcm and offers 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 £100 pcm, or £1,200 per annum, offering investors the opportunity to improve returns over time
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Description
The property is a 2-bedroom flat in Renfrew, Renfrewshire, part of a 7-unit residential investment portfolio. It is currently tenanted for £550 pcm, with scope for rental growth to around £650 pcm, offering a potential increase of £100 pcm (£1,200 per annum) due to market evidence. The flat is located in a popular area with local amenities, schools, and transport connections, in proximity to Glasgow Airport, Braehead Shopping Centre, and the M8 motorway network.