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Cumberland Road, Greenock PA16 3 bed flat for sale
Cumberland Road, Greenock PA16
£30,000
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 3-bedroom tenanted investment property is available for immediate purchase in Greenock, PA16 0TW. The property, located in a popular and convenient residential area, has a current rent of £349 pcm, generating a gross annual income of £4,188. The tenant has been in situ since October 2020, and the property benefits from double glazing and large room sizes. The guide price is £40,000, offering a yield of over 10%. With the potential for rent increases, the gross yield could reach 14.25% to 16.5%, making it an attractive investment opportunity for buy-to-let investors. The property is available for immediate purchase and is scheduled to appear in a live timed online auction.