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2 bedroom flat for sale
126 Drumfrochar Road 2/1, Greenock, PA15 4JG
£30,000
126 Drumfrochar Road 2/1, Greenock, PA15 4JG
£30,000
Our Summary
- ***HIGH YIELDING*** Property offers Fantastic Capital growth potential
- Property will require a small degree of renovation prior to habitation Once fully renovated, for rental purposes, the property could command a rental income of 475pm - 6000 P/M, £5700- £7200 P/A, which would provide an exceptional gross yield of 19% - 24% based on a guide price of £30,000
- 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
- Location: Greenock, situated on the scenic banks of the River Clyde, offers a promising investment opportunity with its strategic location and potential for growth
Description
Prime Property Auctions is offering an exceptional BRRR (Buy, Renovate, Rent, and Sell) opportunity in Greenock, Scotland. The vacant 2-bedroom flat is located in a easily lettable area and has the potential to command a rental income of £5700-£7200 per year, providing an exceptional gross yield of 19-24%. The property requires a small degree of renovation prior to habitation and has the potential to increase its value by 19-24%. The property is located near local amenities, schools, and public transportation, making it an attractive investment opportunity for shrewd investors. The sale evidence shows that similar properties in the area have sold for higher prices, indicating the potential for capital growth. The property is offered at a fantastic price and will feature in an upcoming timed online auction.