6 bedroom flat

• 
  
• PRIME NEW LISTING. We are excited to present this fantastic development investment opportunity. *HOME REPORT £150,000*

• 
  
• *23, School Wynd, Paisley, PA1 2BZ sold for £625,000. The Anchor Mill, 7 Flat 04/20, Thread Street, Paisley, PA1 1JR old for £410,000*

• 
  
• Sure to appeal to shrewd investors looking for a development opportunity. Excellent yield potential of 51% if achieved for guide price *HIGH YIELD*

• 
  
• For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY*

• 
  
• The property is situated near Paisley's city centre in a highly sought after area and only a 5 minutes walk from UWS Paisley Campus *PRIME LOCATION*

PRIME NEW LISTING. We are excited to present this fantastic development investment opportunity. *PRIME DEVELOPMENT OPPORTUNITY*

Property is a blank canvas with so many potential opportunities. For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY*

Property currently comprises:

Third Floor: Flat with entrance hallway, three bedrooms, kitchen, living room, bathroom, toilet and stairway

Fourth Floor: Flat with entrance hallway, 5 rooms ready to be converted to whatever suits your investment strategy.

The property is situated near Paisley's city centre in a highly sought after area being only a 5 minutes walk from UWS Paisley Campus, less than a 10 minute walk from Paisley Gilmour Train Station and a 3 minute drive to Royal Alexandra Hospital *PRIME LOCATION*

Sure to appeal to investors looking for a great project with vast potential depending on strategy.

The property could be fully converted into a run as a 2 x 3 bedroom Serviced Accommodation/ AirBnB (subject to planning) which could achieve £135 per room per night subject to planning. If occupied at 70% this would generate £68,985 a year. This is a yield of 51% if achieved at guide price. *AirBnB OPPORTUNITY*

The property has a variety of uses and could be used for a variety of different property strategies.

With the property being a 5 minutes walk from UWS Paisley Campus this presents a PRIME opportunity for this property to be converted into an HMO (subject to licence) with scope to finish with 7 bedrooms. Each bedroom could be rented out for £600 per month. This would produce a cashflow of £4,200 per month or £50,400 a year. This would mean a yield of 37% if bought for the guide price*HIGH CASHFLOWING INVESTMENT*

Sure to appeal to shrewd buy to let investors looking for a fantastic commercial and residential investment opportunity with high yield potential.

Property is ready to let/ occupy. Great opportunity for owner occupiers looking for a property they can put their own stamp on.

Sales comparables:

*23, School Wynd, Paisley, PA1 2BZ sold for £625,000. The Anchor Mill, 7 Flat 04/20, Thread Street, Paisley, PA1 1JR old for £410,000*

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.

*HOME REPORT £150,000*

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:

Paisley is a historic town located in Renfrewshire, Scotland, about 7 miles west of Glasgow. Founded in the 12th century around Paisley Abbey, the town rose to prominence during the industrial revolution as a center for textile manufacturing, particularly famous for the Paisley pattern—the distinctive teardrop-shaped motif that became internationally renowned in the 19th century. Though its textile industry has since declined, Paisley retains a rich architectural heritage, featuring impressive Victorian buildings, the magnificent Gothic abbey, and the recently refurbished Paisley Museum. The town has a proud cultural identity, having produced notable figures in arts and music, and made headlines with its bid for UK City of Culture. Today, Paisley combines its historical significance with ongoing urban regeneration efforts, serving as both a commuter town for Glasgow and a destination with its own distinct character and community spirit.