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3 bedroom flat for sale
18A Cumberland Road, Greenock PA16
£30,000
18A Cumberland Road, Greenock PA16
£30,000
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
A large three-bedroom tenanted investment property is available for immediate purchase in Greenock, with a current rent of £349 per month and a gross annual income of £4,188. The property has a high yield of over 10% if achieved for the guide price of £40,000, with potential for over 16% if the rent is increased in line with market trends. The property is located in a popular and convenient residential area, close to excellent amenities, schools, and road links, and is sold with a long-standing tenant in situ. The property is expected to appeal to buy-to-let investors looking for a high-returning investment opportunity.