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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
This prime property in Cathcart, Glasgow, is a good-sized one-bedroom flat on the top floor, offering a 10.8% yield at a guide price of £75,000. The property benefits from gas central heating and a communal garden, and is located in a sought-after area with high tenant demand. The flat is currently let at £675 per calendar month, but has potential to generate an annual income of £8,340-£9,000 after renovation. The property would require some modernization to amplify the rental potential and boost capital growth, but its location and potential make it an excellent opportunity for buy-to-let investors. With its proximity to shopping facilities, restaurants, bars, and recreational facilities, as well as good commuter links to the city centre and airport, this property is sure to appeal to investors looking for an affordable and easily lettable flat in the southside of Glasgow.