Guide Price £36,000.00
Guide Price £36,000
***GOING TO ONLINE AUCTION***
Brighton & Beck are delighted to present for auction this excellent investment opportunity – a two-bedroom lower cottage flat in Greenock, offered with an outstanding 45% discount against the Home Report valuation.
Requiring only a light refurbishment, the property provides an attractive opportunity for investors seeking a straightforward buy-to-let project with strong potential returns. Based on the proposed purchase price and anticipated rental income, the property offers a potential rental yield of approximately 24%, making this a particularly compelling addition to a rental portfolio.
Internally, the accommodation comprises a welcoming reception hallway, spacious lounge, modern fitted kitchen, two bedrooms and bathroom. The property also benefits from gas central heating and double glazing, where stated.
Lower cottage flats of this type can prove popular within the local rental market, offering practical accommodation and good value for tenants. With limited refurbishment required, there is potential for an investor to complete the works, secure a tenant and begin generating rental income relatively quickly.
Greenock is a well-established town on the Firth of Clyde, approximately 25 miles west of Glasgow, offering a wide range of local amenities including supermarkets, shops, schools, leisure facilities and public transport connections. The town benefits from rail services providing access towards Glasgow, while the A8/M8 road network connects Greenock with Glasgow and the wider Central Belt. As one of the principal towns in Inverclyde, Greenock has an established residential and rental market, with comparatively affordable property values helping to make the area attractive to buy-to-let investors seeking strong potential rental returns.
Important Note
The latest published guide price is displayed on the website. The reserve price is the minimum price at which the property may be sold. The guide price represents the minimum price at which the seller may be prepared to sell on the date the guide price is published.
Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted “subject to contract.” The reserve price may be higher than a previously quoted guide price. The guide price will be published online as soon as it becomes available. Lots may be sold or withdrawn prior to the auction.
Auction properties are subject to a buyer’s premium of a minimum of £5,000.00 + VAT (£6,000.00).
Each property listing will state the applicable buyer’s premium. For further information regarding a property’s buyer’s premium or any related fees, please contact a member of the team.
