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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
A prime property auction is offering a good-sized 1-bedroom flat located in the desirable southside area of Cathcart, Glasgow. The flat boasts a 10.8% yield at a guide price of £75,000 and has the potential to generate an annual income of £8,340-£9,000. The property is currently let at £675 per calendar month and could be renovated to attract higher rental income. The location offers excellent shopping facilities, restaurants, and recreational activities, and is within easy reach of Glasgow Airport and the city center. The property is due for auction and offers immediate possession, with the seller considering offers prior to the auction.