1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Freehold
- Prime Property Auctions New Entry. Fantastic Refurbishment Opportunity set in the sought after buy to let location of Coatbridge.*GUIDE PRICE £50,000*
- * 26e, Garturk Street, Coatbridge, Lanarkshire ML5 4 HA sold for £87,000, 26b, Garturk Street, Coatbridge, Lanarkshire ML5 4 HA sold for £77,000, 32, Bute Street, Coatbridge, Lanarkshire ML5 4 HA so
- Property is currently uninhabitable and will require full renovation prior to habitation. Excellent Investment Opportunity.
- Once refurbished property would command a monthly rental of £550 £650. This would generate an annual income of £6,600 £7,800. Gross yield of 13% 16% at Guide of £50,000.
- Exceptional BRRR opportunity, Sure to appeal to shrewd investors looking for amazing capital growth potential with amazing rental income potential also!
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- Prime Property Auctions New Entry. Fantastic Refurbishment Opportunity set in the sought after buy-to-let location of Coatbridge.*GUIDE PRICE £50,000*
- * 26e, Garturk Street, Coatbridge, Lanarkshire ML5 4HA sold for £87,000, 26b, Garturk Street, Coatbridge, Lanarkshire ML5 4HA sold for £77,000, 32, Bute Street, Coatbridge, Lanarkshire ML5 4HA sold for £86,000, *
- Property is currently uninhabitable and will require full renovation prior to habitation. Excellent Investment Opportunity.
- Once refurbished property would command a monthly rental of £550 - £650. This would generate an annual income of £6,600 - £7,800. Gross yield of 13%-16% at Guide of £50,000.
- Exceptional BRRR opportunity, Sure to appeal to shrewd investors looking for amazing capital growth potential with amazing rental income potential also!
Prime Property Auctions New Entry. Fantastic Refurbishment Opportunity set in the sought after buy-to-let location of Coatbridge.*GUIDE PRICE £50,000*
Property is currently uninhabitable and will require full renovation prior to habitation. Excellent Investment Opportunity. Potential to utilise the BRRR strategy. Sure to appeal to investors and landlords looking for an affordable investment that will provide excellent returns.
Once refurbished property would command a monthly rental of £550 - £650. This would generate an annual income of £6,600 - £7,800. Gross yield of 12%-14% at Guide of £50,000.
Local sales evidence:
* 26e, Garturk Street, Coatbridge, Lanarkshire ML5 4HA sold for £87,000, 26b, Garturk Street, Coatbridge, Lanarkshire ML5 4HA sold for £77,000, 32, Bute Street, Coatbridge, Lanarkshire ML5 4HA sold for £86,000, *
This property is sure to appeal to buy to let landlords and serviced accommodation operators. RARE AUCTION PROPERTY.
The property is being offered at a Guide price of £50,000. Priced to ensure a sale at Auction.
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
Located in the heart of Coatbridge, this property in ML5 4HA offers an excellent opportunity to live in a vibrant and well-connected town. Coatbridge is known for its rich industrial heritage, with a welcoming community and a great selection of local amenities, including schools, parks, shops, and leisure facilities. The town boasts easy access to Glasgow city centre, just 10 miles away, making it ideal for commuters. With quick links to the M8 and M74 motorways, as well as excellent public transport options including train services, travelling across Central Scotland is simple and efficient. This is a fantastic location for those looking to enjoy the convenience of urban living with strong transport links and a family-friendly atmosphere.
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*DISCLAIMER
Property reference 203182456. 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 September 28, 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: obtained from Ofcom on September 28, 2023
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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