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1 bed flat
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Our Summary
- With huge potential upside, this would generate an annual income of £7,800 - £8,700
- Sure to appeal to investors looking for a Turnkey investment opportunity
- Fantastic opportunity to purchase a property under market value to ensure Auction Sale
- There is some great sales evidence in the area and super potential for capital growth as well as rental growth
- 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
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Description
This is a large 1-bedroom flat located in Southside Glasgow, currently tenanted at £395 per month with a long-standing tenant. The property has a low rent compared to the market rent of £650-£750, offering excellent rental growth potential. With a gross rental yield potential of 11.4-12.8%, this property is an attractive investment opportunity for landlords and investors.
The property has been sold with the tenant in situ and comes with a guide price. It features an entrance hallway, large living room, dining kitchen, 1 bedroom, and bathroom, with gas central heating, double glazing, and garden areas to the front and rear. The area has seen recent sales evidence of similar properties selling for higher prices, indicating potential for capital growth as well as rental growth.