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Newlands Road, Glasgow G44 1 bed flat for sale
Newlands Road, Glasgow G44
£75,000
Newlands Road, Glasgow G44
£75,000
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
A prime property auction is offering a good-sized 1 bedroom flat located in the sought-after southside area of Cathcart, Glasgow. The property boasts a yield of 10.8% at a guide price of £75,000 and has already sold for £211,755 in the nearby area. The property is currently let for £675 per calendar month and has the potential to be renovated and rented for £750-£850 per calendar month. With high tenant demand and excellent location, this property is sure to appeal to investors looking for an affordable and easily lettable flat. The property is due for auction and is available for immediate offers.