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3 bedroom flat for sale
18A Cumberland Road, Greenock, PA16 0TW
£30,000
18A Cumberland Road, Greenock, PA16 0TW
£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 3-bedroom tenanted investment property is available for immediate purchase in Greenock, PA16 0TW. The property, which has been sold with a tenant in situ, is generating a gross annual income of £4,188 from a current rent of £349 pcm. With a guide price of £40,000, this property offers a yield of over 10%. 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. The tenant has been in situ since October 2020, making this a stable and attractive investment opportunity for buy-to-let investors. With the potential for a gross yield of 14.25% to 16.5% if the rent is increased in line with the market, this property is sure to appeal to those looking to generate fantastic returns on their capital.