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Property ID: 216235738
Offers Over
£73,000
Location
French Street, Renfrew, PA4 8DG
Size
753
Tenure
Freehold
Bedrooms
2
Type of property
Flat
Current Yield
7.4%
Monthly Income
£447
Property Information

This two-bedroom flat is located in Renfrew, within walking distance of various valuable amenities. It is ideal for investors seeking reliable, long-term returns.


This is a brilliant opportunity for investors!


This home features two bedrooms, one bathroom, and a separate WC. It also boasts a rear garden, a designated parking space, and a loft that's been floored to provide additional storage. Glasgow Airport is conveniently situated nearby, and older commercial and industrial buildings are located near the frontage.


Investment Details:


The property currently generates an annual gross income of £5,364, which the new owner could increase to a market rate of £10,728 with the long-term tenants currently situated. Given the purchase price, this makes it a worthwhile addition to any investor’s portfolio.


Please see the Let Property Pack linked below for more details on this property’s investment potential.


Tenancy Details:


The current tenants have resided in the property for several years and have consistently paid their rent. They have no intentions of moving out and are keen to remain in the property.


Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties, a fully refundable buyer's premium may apply to secure the property. This amount is refunded in the event of non-completion.


Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Letting Agency Fees
Ownership CostsWhat are these?
Calculated Returns
Paisley benefits from an average of 4.5% capital growth. Learn more
Purchase Costs
Based on monthly income of
£447
Cashflow p/m
447
Current Yield
null%
Based on potential rent of
£894
Cashflow p/m
894
Potential Yield
null%
Monthly Income
£447 pcm
Potential Rent
£894 pcm
Length of Tenancy
21 years
Tenant Means of Funding
SELF_FUNDED
Area Capital Appreciation Rate
-
Ground Rent
Freehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown
Floor plans
floorplan
Not available for this property
Not available for this property
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Running Costs
Ground Rent
Freehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown