This property is no longer on the market
1 bedroom flat
Key information
Property description & features
- Tenure: Freehold
- Prime Property Auctions New Entry. Large 1 bedroom flat located in Popular buy to let location of Johnstone. * EXCELLENT BRRR OPPORTUNITY *
- * 26 Flat D, Thomson Avenue, Johnstone, PA5 8 SU sold for £110,000 June 2023, Flat C, Ardenlea, Thomson Avenue, Johnstone, PA5 8 SU sold for £87,000 October 2020 *
- Property will require a degree of renovation prior to habitation. Once renovated the property will command £500 £600 pcm, generating an annual income of £6,000 £7,200.
- Once tenanted the property will generate an attractive gross yield of 13.3% 16% at Guide price of £45,000.
- Johnstone itself offers local shopping, sports/recreational facilities and schooling. The neighbouring countryside caters for a wide range of sports/leisure activities
- Prime Property Auctions New Entry. Large 1 bedroom flat located in Popular buy to let location of Johnstone. * EXCELLENT BRRR OPPORTUNITY *
- * 26 Flat D, Thomson Avenue, Johnstone, PA5 8SU sold for £110,000 June 2023, Flat C, Ardenlea, Thomson Avenue, Johnstone, PA5 8SU sold for £87,000 October 2020 *
- Property will require a degree of renovation prior to habitation. Once renovated the property will command £500 - £600 pcm, generating an annual income of £6,000 - £7,200.
- Once tenanted the property will generate an attractive gross yield of 13.3% - 16% at Guide price of £45,000.
- Johnstone itself offers local shopping, sports/recreational facilities and schooling. The neighbouring countryside caters for a wide range of sports/leisure activities
Prime Property Auctions New Entry. Large 1 bedroom flat located in Popular buy to let location of Johnstone. * EXCELLENT BRRR OPPORTUNITY * Property comprises: Entrance Hallway, Bedroom, Living room, Kitchen, bathroom and store room. Property benefits from Gas central heating, Double glazing and well kept communal gardens.
Property is sure to appeal to shrewd investor looking for a blank canvas looking for a fantastic rental with vast capital growth potential.
Local sales evidence:
* 26 Flat D, Thomson Avenue, Johnstone, PA5 8SU sold for £110,000 June 2023, Flat C, Ardenlea, Thomson Avenue, Johnstone, PA5 8SU sold for £87,000 October 2020 *
Property will require a degree of renovation prior to habitation. Once renovated the property will command £500 - £600 pcm, generating an annual income of £6,000 - £7,200. Once tenanted the property will generate an attractive gross yield of 13.3% - 16% at Guide price of £45,000.
Excellent BRRR Opportunity. Sure to appeal to investors looking for an easy lettable flat in a sought after location with great potential for Capital Growth. The local areas seen some great sales recently showing that there is strong demand.
Property has a Guide price of £45,000 and is sure to appeal to investors looking for a property that they can put their own stamp on.
Potentially high yielding investment property.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
Johnstone itself offers local shopping, sports/recreational facilities and schooling. The neighbouring countryside caters for a wide range of sports/leisure activities including fishing, golf and all equestrian pursuits. The property is located near to Johnstone Railway Station, providing excellent transport links to Paisley (5 minutes); Glasgow (15-20 minutes) and throughout Ayrshire including Prestwick International Airport. The M8 motorway network provides access to most major towns and cities throughout the central belt of Scotland, whilst Glasgow International Airport provides access to destinations further afield.
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*DISCLAIMER
Property reference 206891016. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions - Glasgow.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on April 25, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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