3 bedroom flat for sale

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3 bedroom flat for sale

5 Newcroft Drive, Croftfoot, G44 5RT
£95,000

Our Summary

  • ***PORTFOLIO SALE*** Upper cottage flat situated in popular rental location - READY LET TO LONG TERM TENANT at £575pcm (self managed) - FULLY COMPLIANT £6,900 per annum with scope to increase rent
  • Combined purchase price - £190,000 Combined Rental - £1150pcm | £13,800per annum (Scope to increase rent) Property comprises; Entrance Hallway, Lounge, Kitchen, Bedrooms and family bathroom

Description

This upper cottage flat is situated in a popular rental location and is currently let to a long-term tenant at £575pcm, generating a total annual income of £6,900. The property is being sold as part of a portfolio with another property at 15 Bencroft Drive, Croftfoot, and the combined purchase price is £190,000. The property has a scope to increase rent, offering a potential yield of 9-10%. It features an entrance hallway, lounge, kitchen, bedrooms, and family bathroom, as well as a garden space and ample storage. The property is ideal for investors, particularly those looking for a hassle-free, managed rental property, and is located in the charming residential neighborhood of Croftfoot, which offers a family-friendly atmosphere and proximity to Glasgow's commercial hubs.