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South Street, Greenock PA16 5 bed semi

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South Street, Greenock PA16 5 bed semi

South Street, Greenock PA16
£40,000

Our Summary

  • We are excited to present this excellent development opportunity on South Street in Greenock* 95 Forsyth Street, Greenock, Renfrewshire PA16 8RD previously sold for £562,000 in 2022 , 66, Newton Street, Greenock PA16 8SP previously sold for £430,000 in 2024 *Once fully renovated, the property could command a rental income of £1,750 - £2,000 PCM / £21,000 - £24,000 PA, which would provide an exceptional gross yield based on the guide price
  • Property requires full renovation
  • Prime New Entry: Excellent Development Opportunity in a 5 bedroom semi-detached property in GreenockProperty Comprises: Substantial Stone-built Semi with Five Bedrooms spanning over 3 floors, 2 bathrooms, Large Living Space, Kitchen, Generous garden and Ample Storage SpaceThe local area has shown some great sales evidence recently showing there is strong demand:* 95 Forsyth Street, Greenock, Renfrewshire PA16 8RD previously sold for £562,000 in 2022 , 66, Newton Street, Greenock PA16 8SP previously sold for £430,000 in 2024 *Once fully renovated, the property could command a rental income of £1,750 - £2,000 PCM / £21,000 - £24,000 PA, which would provide an exceptional gross yield based on the guide price
  • *PREMISES REQUIRES FULL RENOVATION*For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY*Fantastic Capital growth potential
  • Sure to appeal to builder/investor looking for Rare auction property
  • Excellent Development/Refurbishment Opportunity
  • Property requires full renovation prior to habitation
  • Sure to appeal to investors looking for an easy lettable house in a sought after location with great potential for Capital Growth, or a shrewd investor looking for an excellent flip opportunityThe property is located near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport easily accessible nearby
  • 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
  • We are excited to present this excellent development opportunity on South Street in Greenock

Description

This is an exceptional development opportunity in Greenock, a semi-detached property with five bedrooms, two bathrooms, and a large living space. The property requires full renovation, but once completed, it could command a rental income of £1,750-£2,000 per month, providing an exceptional gross yield. The property is located in a prime area, close to local amenities, schools, and public transport, with a strong demand for housing in the area. The local area has shown great sales evidence recently, with similar properties selling for £562,000 and £430,000 in the past two years. The property is open to immediate offers and will feature in an upcoming timed online auction. With its potential for high yields, capital growth, and a BRRR strategy, this property is sure to appeal to shrewd builders, investors, and developers looking for a rare project with remarkable potential.