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3 bed flat
18A Cumberland Road, Greenock PA16
Auction
£30,000
Next Steps
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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
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Description
The property is a 3-bedroom tenanted investment located in a popular residential area in Greenock. It features an entrance hallway, living room, kitchen, bathroom, and 3 bedrooms, with double glazing and spacious room sizes. The rent achieved is £349 pcm, generating a gross annual income of £4,188, with a potential gross yield of 14.25-16.5% based on market rent.