Fyffe Place Russell Street, Johnstone... 2 bed flat for sale

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Fyffe Place Russell Street, Johnstone... 2 bed flat for sale

4, Fyffe Place Russell Street, Johnstone, PA58BZ
£44,000

Our Summary

  • Good potential for uplift in Rental, post works
  • Some remedial works required internally due to some water ingress
  • Long term tenant vacating giving rent income uplift
  • *COMPARABLE SALES*2 Bed Tenement flat, Dmity Street sold 2025 £55,000*1 Bedroom Armour Street sold 2021 £61,000*2 Bed Tenement High Street sold 2021 £62,250*2b Dmity Street sold 2021 £65,000*Auction Details21 August 2025, 10am-3pm Timed Online AuctionHow to Bid Now Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY
  • Future Property Auctions - Scotland's Largest Land and Property Auction House
  • AUCTION DATE: 21 August 2025

Description

This is a turnkey investment opportunity in a 2-bedroom upper tenement flat located in the heart of Johnstone, Renfrewshire. The property is currently tenanted, with the current tenant serving notice at £450 per calendar month, offering potential for rental income uplift after any necessary works. The flat requires some remedial work due to water ingress, but is enhanced by gas central heating, UPVC double glazing, and well-maintained communal areas. The property is situated in a prime rental location, with Johnstone offering a range of amenities and being close to the A737 and M8 motorway. Comparable sales in the area include a 2-bedroom tenement flat selling for £55,000 in 2025, a 1-bedroom flat selling for £61,000 in 2021, and a 2-bedroom tenement flat selling for £62,250 in 2021. The property is being sold through a timed online auction on August 21, 2025, with bidding instructions available on the auctioneer's website.