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2 bedroom flat for sale
126 Drumfrocher Road, Greenock, PA15 4JG
£35,000
126 Drumfrocher Road, Greenock, PA15 4JG
£35,000
Our Summary
- ***HIGH YIELDING*** Property offers Fantastic Capital growth potential
- 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 presents a rare BRRR Opportunity in Greenock, a vacant 2-bedroom flat with a guide price of £30,000. The property, located in an easy-to-let area, offers fantastic capital growth potential and a high-yielding investment opportunity. Once renovated, the flat could command a rental income of £5,750-£7,200 per annum, providing a gross yield of 19-24%. The property is situated near local amenities, schools, and public transport, making it an attractive investment opportunity for shrewd builders, investors, and developers. With comparable sales in the area reaching up to £75,000, this property presents a rare chance to acquire a fixer-upper at a discounted price. The property will feature in an upcoming timed online auction, and interested bidders can create a bidding account to participate in the live auction.