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5 bedroom semi-detached house for sale
63 South Street, Greenock, PA16 8QH
£50,000
63 South Street, Greenock, PA16 8QH
£50,000
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 Greenock Property Comprises: Substantial Stone-built Semi with Five Bedrooms spanning over 3 floors, 2 bathrooms, Large Living Space, Kitchen, Generous garden and Ample Storage Space The 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 opportunity The 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
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Here is a summary of the property description in a single paragraph:
This 5-bedroom semi-detached property in Greenock, Scotland, is an excellent development opportunity that requires full renovation. With a guide price, the property could command a rental income of £1,750-£2,000 per month, providing an exceptional gross yield. The property is located near local amenities, schools, and public transport, and has shown strong demand in the area with recent sales evidence. The property has potential for serviced accommodation, with rates starting from £300 per night, and could generate a gross yield of £87,600 per annum. The property is open to immediate offers and will feature in an upcoming timed online auction.