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1 bedroom flat for sale
198 Flat 3/3, Newlands Road, Cathcart, Glasgow, G44 4EY
£75,000
198 Flat 3/3, Newlands Road, Cathcart, Glasgow, G44 4EY
£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 auction offers a good-sized one-bedroom top-floor flat in the sought-after southside location of Cathcart, Glasgow. The property is currently let at £675 per month and has a guide price of £75,000, providing a 10.8% yield. The property benefits from gas central heating and a communal garden, and is located in a highly sought-after area with high tenant demand. While the property requires some modernization to amplify its rental potential and boost capital growth, it has the potential to generate an annual income of £8,340-£9,000. The property is available for immediate offers and is due to be sold through a timed online auction.