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St. James Street, Paisley PA3 1 bed apartment for sale
Flat 3/1 26 St. James Street, Paisley, PA3 2JR
£40,000
Flat 3/1 26 St. James Street, Paisley, PA3 2JR
£40,000
Our Summary
- We are happy to present this fantastic refurbishment opportunity at a sought-after buy-to-let location in Paisley
- Potential to utilise the BRRR strategy
- This presents a significant conversion opportunity with substantial potential for capital growth
- RARE AUCTION PROPERTY
- 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
Description
This fantastic refurbishment opportunity is located in a prime buy-to-let location in Paisley, Scotland. The property, previously sold for £72,550, £71,000, and £70,000, offers a significant conversion opportunity with potential for capital growth. Once refurbished, it's expected to command a monthly rental of £650-£750, generating an annual income of £7,800-£9,000 and a gross yield of 17%-20% at the guide price. The property features spacious rooms and high Victorian-style ceilings, making it ideal for a one-to-two bedroom conversion. With local sales evidence and potential to utilize the BRRR strategy, this property is sure to appeal to investors looking for a potentially high-yielding investment. Located in a historic town with excellent transport links, Paisley offers a great opportunity for landlords and serviced accommodation operators.