Reston Drive, Glasgow G52 3 bed flat for sale

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Reston Drive, Glasgow G52 3 bed flat for sale

43 Reston Drive, Cardonald, Glasgow, G52 2LP
£80,000

Our Summary

  • Property would benefit from small degree of renovation to increase its capital value
  • Excellent sales evidence in local areas: *** 232 Redpath Drive, Glasgow, G52 2ER previously sold £125,550, , 69 Reston Drive, Cardonald, Glasgow, G52 2LP sold for £122,000 Oct 2021 ***   Sure to appeal to buy to let landlords looking for an excellent long term rental property that has vast potential for capital and rental growth
  • This property is offered at a fantastic price to ensure an Auction sale
  • The property will feature in our upcoming timed online auction
  • To participate in the live auction, you must have a bidding account created

Description

This is a large 3-bedroom upper cottage flat located in Glasgow, G52 2ER, which is being sold with a tenant in situ. The property has a guide price of £78,000 and a Home Report valuation of £100,000. The tenant has been in situ since 2016 and is currently paying £550 per calendar month, which is low for the area. The property has a market rental value of £795 per month, providing a potential gross rental yield of 8% if achieved at the guide price. The property would benefit from some renovation to increase its capital value and is being sold as a cash-flowing investment opportunity. The property is professionally managed by a local letting agent and is located close to amenities such as a mainline railway station, local schools, and shops. With excellent sales evidence in the local area, this property is sure to appeal to buy-to-let landlords looking for a long-term rental property with potential for capital and rental growth.
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