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Belville street 6 Morton terrace... 1 bed flat for sale
97, Belville street 6 Morton terrace, Greenock, PA154SX
£18,000
97, Belville street 6 Morton terrace, Greenock, PA154SX
£18,000
Our Summary
- ** SALE BY AUCTION - 20 February 2025 - Timed Online Auction ****IDEAL FOR DEVELOPER** 2 bedroom top floor tenement flat with elevated views to the Clyde estuary
- FULL REDEVELOPMENT REQUIRED - property in need of modernisation - Potential for capital growth
- All rooms require upgrading prior to habitation
- Potential for rental income strong post renovation - Income should be in the region of £600 per calendar month, £7200 per annum - an impressive rental yield of around 25% on Guide Price
- Auction Details20 February 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
- Contact Us now for a FREE Auction Valuation
Description
This 2-bedroom top-floor tenement flat in Greenock, Scotland, is being sold by auction on February 20, 2025. The property requires full redevelopment and modernization, but offers potential for capital growth and a strong rental yield. The flat has elevated views of the Clyde estuary and features a communal entrance hall, lounge, fitted kitchen, two double bedrooms, and an internal bathroom. The property requires upgrading prior to habitation, but has the potential to generate a rental income of around £6,000 per annum, equivalent to a 25% yield on the guide price. The area offers a range of local amenities, schools, and shopping facilities, and is situated approximately 23 miles west of Glasgow. The auction will be a timed online auction, and interested bidders can submit an enquiry or visit the website for full details on how to participate.