Flat 2/1, 64 High Street, Johnstone... 2 bed flat for sale

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Flat 2/1, 64 High Street, Johnstone... 2 bed flat for sale

Flat 2/1, 64 High Street, Johnstone, Renfrewshire
£42,500

Our Summary

  • a offers rental income from day one and an outstanding rental yield in excess of 15% at Guide Price, with the potential to increase in line with current legislation

Description

This two-bedroom flat in Johnstone town centre is a great investment opportunity, with a tenant in place since September 2023 and a current rental income of £6,420 per annum. The flat is situated on the second floor and features a lounge, two bedrooms, a modern kitchen, and a bathroom with a white suite and over-bath shower. With a 23% discount against a Home Report valuation of £55,000, the guide price offers instant equity and an outstanding rental yield of over 15%. The property is well-located, with local amenities and transport links to Paisley, Glasgow, and Ayrshire, as well as easy access to the M8 motorway network and Glasgow International Airport. The current tenant is paying £6,420 per annum, providing rental income from day one, and the property has the potential to increase in line with current legislation.
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