3 bedroom flat for sale
Key information
Property description & features
- Tenure: Freehold
- Prime Property Auctions. Large 3 bedroom tenanted investment available for immediate purchase. *HIGH YIELDING INVESTMENT *
- * 56 Cumberland Road, Greenock, PA16 0TW sold for £85,000 March 2022, 84 Cumberland Road, Greenock, PA16 0TW sold for £84,500 December 2019 *
- Property is sold with tenant in situ. Current rent achieved is £349 pcm, which generates a gross annual income of £4,188.
- Tenant has been in situ since October 2020. Long standing tenant. Excellent Investment Property. Yield over 10% if achieved for Guide Price of £40,000.
- Located in a popular and convenient residential area is an ideal family home close to excellent amenities, schools and road links.
- Prime Property Auctions. Large 3 bedroom tenanted investment available for immediate purchase. *HIGH YIELDING INVESTMENT *
- * 56 Cumberland Road, Greenock, PA16 0TW sold for £85,000 March 2022, 84 Cumberland Road, Greenock, PA16 0TW sold for £84,500 December 2019 *
- Property is sold with tenant in situ. Current rent achieved is £349 pcm, which generates a gross annual income of £4,188.
- Tenant has been in situ since October 2020. Long standing tenant. Excellent Investment Property. Yield over 10% if achieved for Guide Price of £40,000.
- Located in a popular and convenient residential area is an ideal family home close to excellent amenities, schools and road links.
Prime Property Auctions. Large 3 bedroom tenanted investment available for immediate purchase. *HIGH YIELDING INVESTMENT *
Property comprises; Entrance Hallway, Living Room, kitchen, bathroom and 3 bedrooms. Property benefits from double glazing and large rooms sizes.
Property is sure to appeal to investors looking for a high returning investment property, sold with sitting tenant. Immediate Income Producing Investment - *HIGH YIELDING INVESTMENT *. Property is located in a sought after location and is sure to be a great investment with scope for capital growth.
* 56 Cumberland Road, Greenock, PA16 0TW sold for £85,000 March 2022, 84 Cumberland Road, Greenock, PA16 0TW sold for £84,500 December 2019 *
Property is sold with tenant in situ. Current rent achieved is £349 pcm, which generates a gross annual income of £4,188. Tenant has been in situ since October 2020. Long standing tenant. Excellent Investment Property. Yield over 10% if achieved for Guide Price of £40,000.
Market rent for this property is in the region of £475 - £550. Should the rent be increased in line with the market then the potential gross yield would be 14.25% - 16.5%, making this a very attractive investment opportunity for those looking to generate fantastic returns on their capital.
This property is available for immediate purchase. You can submit an offer now via our online offer form. Should you have any questions please do not hesitate to get in contact with our sale team.
Current Yield of over 10%, with the potential for over 16%. Fantastic Investment Property, that is sure to appeal to buy to let investors.
The property is scheduled to appear in our upcoming live timed online auction. In order to participate in the live auction, you will require to have an account. To create an account, visit our website. Should you have any questions please contact the team for assistance.
Location:
Greenock is situated approximately 23 miles West of Glasgow. Near to major regional and national employers, excellent local amenities. Greenock is a historic town set upon the banks of the River Clyde. Central location near town Centre. Greenock has a wide range of local amenities including high-street shopping with several supermarkets. There is established schooling at both primary and secondary levels. The A8 and M8 road network connects Inverclyde to Renfrewshire, Glasgow International Airport and Glasgow City Centre. Ideal Buy to Let Investment property in high rental demand district.
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Property reference 203898745. 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.
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Broadband availability and predicted speed: obtained from Ofcom on April 6, 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
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Mobile phone signal availability and predicted strength: obtained from Ofcom on April 6, 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 June 4, 2020 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.
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