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3 bedroom flat for sale
Cumberland Road, Greenock PA16
£40,000
Cumberland Road, Greenock PA16
£40,000
Our Summary
- Property is located in a sought after location and is sure to be a great investment with scope for capital growth
- Should the rent be increased in line with the market then the potential gross yield would be 14
- 5%, making this a very attractive investment opportunity for those looking to generate fantastic returns on their capital
- Current Yield of over 10%, with the potential for over 16%
- The property is scheduled to appear in our upcoming live timed online auction
- In order to participate in the live auction, you will require to have an account
Description
This is a large 3-bedroom tenanted investment property located in Greenock, PA16 0TW, which is available for immediate purchase. The property is sold with a tenant in situ, who has been renting the property since October 2020, and is currently paying £349 per month, generating a gross annual income of £4,188. The property is expected to yield over 10% if achieved for the guide price of £40,000, and with the potential for over 16% if the rent is increased in line with the market. The property benefits from double glazing and large room sizes, and is located in a popular and convenient residential area with excellent amenities, schools, and road links. This is an excellent investment opportunity for buy-to-let investors, with the potential for fantastic returns on their capital.