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1 bedroom flat for sale
198 Flat 3/3, Newlands Road, Cathcart, Glasgow, G44 4EY
£65,000
198 Flat 3/3, Newlands Road, Cathcart, Glasgow, G44 4EY
£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 new entry is a good-sized one-bedroom top-floor flat located in the sought-after southside location of Cathcart, Glasgow. The property has a guide price of £75,000 and offers a 10.8% yield. It is currently let at £675 per calendar month and has high tenant demand. The property would benefit from some modernization to amplify the rental potential and boost capital growth. With a communal garden and ample on-street parking, it is an excellent chance to purchase an investment property in a desirable Southside location. The property has potential to generate an annual income of £8,340-£9,000 and is due for a timed online auction.