London Road Glasgow, G40

2 bedroom Flat in Glasgow

Sold
Fixed Price £78,000
Current Yield 8.2 %
Potential Yield 9.2 %
Property Reference: 186169334
  • Flat
  • 2 Bedrooms
  • 1 Bathrooms
  • 1 Receptions
  • 59 sq m

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Long Term Tenants Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers.
  • Currently sublet to the Charity RIGHT THERE
  • Spacious Rooms
  • Modern Fittings
  • Prime Glasgow Rental Location
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

Our latest listing a 2 bedroom flat location within Bridgeton, a popular rental location just outside of Glasgow. The property is currently sublet to the charity Right There, who manage the tenants and maintenance of the space, and is able to generate fantastic rental returns.

The space is neutrally decorated throughout and features gas central heating, 2 large bedrooms, a three-piece bathroom, a spacious lounge and a good quality kitchen.

Investment details

The property currently produces an annual gross income of £6,360 which could be increased by the new owner to a market rate of £7,200 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested in viewing the Home Report, please call us.

Tenancy Details

The property is currently sublet to the charity Right There. They manage the tenants and maintenance of the space and have been in place for the last couple years.

Location

The property is found in the centre of Bridgeton, just beside Glasgow Green, and so would the perfect location for students and working professionals looking to rent.

Even though there are several amenities within the local area, such as supermarkets, convenience stores, bars, restaurants, cafes and local service businesses, Glasgow City Centre is within walking distance so the tenants are able to easily meet all of their needs here.

The Bridgeton train station is also just a stones throw away which allows for direct and convenient travel into the city centre as well as areas that surround.

Living Space/ Lounge

The lounge makes for an ample living area with lots of space for furniture and gatherings.

Kitchen

The property kitchen has modern fittings and is the ideal size for a couple of occupants.

Bathroom

A three-piece bathroom is found that consists of a wash basin, W.C. and bathtub with an electric shower.

Bedroom

All bedrooms are large in size and have plenty of space for double sized beds, bedroom furniture and storage cabinets.

Let Property are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is fully refundable in the event of non-completion at no fault of your own.

Helpful Information

Council Tax Band: A
Property Reference: 186169334

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £530
  • Potential Rent pcm: £600
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 2 years +
  • Tenants means of funding: Right There Sublet
Property Reference: 186169334
Property Reference: 186169334

Property Location

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Request DetailsLondon Road Glasgow, G40

Fixed Price £78,000

Make an offer
London Road Glasgow, G40

Listing Price

Fixed Price £78,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.