0141 674 1833

Rowans Gate, Paisley, PA2 6RB

2 bedroom Flat in Paisley

Sold
Offers Over £63,000
Current Yield 7.7 %
Potential Yield 9.4 %
Property Reference: 194000316
  • Flat
  • 2 Bedrooms
  • 1 Bathrooms
  • 1 Receptions
  • 49 sq m

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • Three Piece Bathroom
  • Convenient Parking
  • Paisley Town Centre Location
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

Our latest listing is a 2 bedroom flat located in Paisley. Various amenities are within walking distance, there are tenants currently situated that are looking to stay long term and it's able to generate a generous rental income.

The property would make for a fantastic addition to an investors portfolio!

This home is neutrally decorated throughout and features gas-fired central heating, 2 bedrooms, a bathroom, and a spacious lounge.

Investment details

The property currently produces an annual gross income of £5,400 which could be increased by the new owner to a market rate of £6,600 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 current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Location

The property is located just along from Neilston Road where two of the primary local supermarkets are found - Morrisons & Aldi - as well as several other amenities. This road runs right through Paisley and leads directly into the town centre where countless bars, restaurants, cafes, convenience stores, retail stores and leisure facilities can also be found.

The Paisley Canal train station is also within walking distance from the property and the main roads throughout lead onto the M8 Motorway. This means, whether or not they can drive, tenants are able to travel all the way to Glasgow City Centre, as well as other surrounding areas, quickly and easily.

Living Space/lounge

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

Kitchen

The kitchen is a good size and is ideal for a couple of occupants.

Bathroom

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

Bedrooms

There are two bedrooms in the property and they have enough room for double beds, bedroom furniture and storage cabinets.

Exterior

There are communal garden grounds and shared parking found outside the property.

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: C
Property Reference: 194000316

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £450
  • Potential Rent pcm: £550
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 5 years +
  • Tenants means of funding: Employment
Property Reference: 194000316
Property Reference: 194000316

Property Location

Similar Properties

  • Grange Street
    Burnley
    Offers Over £63,250
    • 3
    • 1
    • 1
    End of Terrace House
    Current Yield: 9.1%
    Potential Yield: 10.4%
    View Property
  • Wellmeadow Street
    Paisley
    Offers Over £76,000
    • 2
    • 1
    • 1
    Flat
     
    Potential Yield: 12%
    View Property
  • Prince Consort Road
    Newcastle
    Offers Over £77,500
    • 2
    • 1
    • 1
    Semi-Detached House
    Current Yield: 8.2%
    Potential Yield: 10.5%
    View Property
  • Ashtree Court
    Glasgow
    Offers Over £77,000
    • 2
    • 1
    • 1
    Flat
    Current Yield: 8.3%
    Potential Yield: 10.9%
    View Property

Request DetailsRowans Gate, Paisley, PA2 6RB

Offers Over £63,000

Make an offer
Rowans Gate, Paisley, PA2 6RB

Listing Price

Offers Over £63,000

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.