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Two-bedroom flat

Glasgow, G33 - Get Access

2 bed 1 bath

Description

This is a freehold investment opportunity. The property is a fully managed, tenanted flat within a well-maintained factored building. The accommodation comprises an entrance hallway, lounge, kitchen, bathroom, and two double bedrooms. The property has been let long term to Mears group at £550 per month. This agreement can be terminated, with a realistic market rent achievable of £850 per month, offering a potential yield of approximately 14% against the guide price. The property is located in a high-demand rental area with easy access to Glasgow City Centre. A full lettings management package is available for investors, ensuring a secure, long-term, unbroken rental property with an income stream from day one. Langbar Path is well-placed for commuters, providing road links to Edinburgh, Glasgow, and Stirling. Glasgow city centre, approximately 2 miles away, offers a full range of shopping and leisure facilities, with two mainline railway stations providing rail links to Edinburgh and further afield. Excellent road links to the M8 motorway network place the property within 5 minutes of the M8 motorway and The Fort Shopping Centre, which features all major retailers and a Morrisons Supermarket. This is an ideal location for amenities and buy-to-let. The current rent is £6,600 per year / £550 per month, with an approximate yield of 9%. The tenant is a company, and the property is rented to Mears. The property is freehold and has an occupation status of tenanted.
Comparable sales
0/1, 23, Langbar Crescent, G33 4HS 0.1 mi
Flat
£82,160
1 year ago
29, Barlanark Road, G33 4QA 0.1 mi
House
£160,000
1 year ago
0/1, 6, Inver Road, G33 4HW 0.1 mi
Flat
£86,500
7 months ago
Estimated market value
£
Range: £ — £
Medium confidence Floor Area Estimated: 650 sq ft

This two-bedroom ground floor flat from the modern era, located in a factored residential development in Glasgow, was evaluated using estimated internal floor area and local rental investment metrics. The property is in fair condition with clean neutral decor and minor dated elements. Floor area is derived from an internal estimate of 650 sq ft.

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