2 bedroom flat for sale
Key information
Property description & features
- Tenure: Freehold
- *Investors Only*
- Tenant in situ
- 2 double bedrooms
- private garden
- Gas central hating
- Double glazing
- Local to amenities
- Ideal location for commuters
- Potential investment growth
- Income from day 1
Discover an exceptional investment opportunity in this fully transformed upper cottage flat, situated in Springboig. What sets this property apart is its remarkable transition from a non-traditional steel frame construction to a now standard brick construction.
Key Features:
Transformation: Previously a non-traditional steel frame construction, this property has undergone extensive external renovation. Supported by local authority funding and approval, it has been converted into a standard brick construction, a standout feature not commonly found among properties in this area.
Investment Focus:
Targeted towards investors, this property comes with a tenant in situ under contract with Mears until August 2024. The lease agreement ensures that Mears covers repair costs, providing a hassle-free investment opportunity. Currently yielding £600 per month, with potential to reach £800 - £850 post-lease renewal in Aug 2024.
Spacious Interior:
Inside, find two double bedrooms, a family bathroom, a well-equipped kitchen, and abundant storage space. Each room exudes a sense of comfort and generous living space.
Additional Amenities:
Enjoy a private garden, gas central heating, and double glazing, ensuring convenience and energy efficiency.
Location Highlights:
Springboig remains a highly sought-after area with excellent public transport connections to the city centre. Its blend of schools and proximity to major motorways make it an attractive choice for both tenants and homeowners.
Investment Potential:
The stability and income from the current lease, coupled with potential increased rental income post-lease renewal in less than 1 year, solidify its value in the thriving rental market. In addition capital growth in the area remains strong.
Don't miss out on this exceptional investment offering, showcasing a rare transformation in an esteemed locale!
Places of interest
See more properties like this:
*DISCLAIMER
Property reference HRB_GLS_LFSYCL_651_843286440. 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 Harbor Property - Baillieston.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 1, 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 December 1, 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: obtained on December 12, 2013 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.