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Newlands Road, Glasgow G44 1 bed flat for sale
Newlands Road, Glasgow G44
£65,000
Newlands Road, Glasgow G44
£65,000
Our Summary
- Sure to appeal to Investor looking for easily lettable flatInternally the property would benefit from some modernisation to amplify the rental potential and boost capital growth
- * 212 0/6, Newlands Road, Glasgow, Gla G44 4EY sold for £211,755 April 2022, 198 3/1, Newlands Road, Glasgow G44 4EY sold for £105,950 June 2021 *The property has vast potential, but will require some upgrading in order to achieve the best rental value
- Property has potential to generate an annual income of £8,340 - £9,000
- Property is due for our upcoming Timed online auction
- Seller will consider offers prior to auction
- Internally the property would benefit from some modernisation to amplify the rental potential and boost capital growth
Description
This prime property auction features a one-bedroom, top-floor flat in the sought-after location of Cathcart, Glasgow. The property, which is currently let at £675 per month, has a guide price of £75,000 and offers a 10.8% yield. The flat is in need of modernization to amplify its rental potential and boost capital growth, but its location and high tenant demand make it an attractive investment opportunity. The property has a communal garden and ample on-street parking, and its proximity to local amenities, parks, and transportation links make it an excellent choice for buy-to-let landlords. With the potential to generate an annual income of £8,340-£9,000, this property is an excellent chance to purchase an investment property in a desirable Southside location of Glasgow.