18A Cumberland Road, Greenock, PA16 0TW
- PROPERTY TYPE
Flat
- BEDROOMS
3
- BATHROOMS
1
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 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.
Description
- 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.
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: A
18A Cumberland Road, Greenock, PA16 0TW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Branchton Station0.3 miles
- IBM Halt Station1.0 miles
- Drumfrochar Station1.4 miles
About the agent
Prime Property Auctions (Scotland) Ltd, Glasgow
126 West Regent Street, Glasgow, G2 2RQ
Prime Property Auctions is an experienced Property Auction Company, Specialising in Investment Property across Scotland. We can help sell your property be it Residential, Commercial or Land. We have cash buyers looking to buy all property types in any condition, offering a Fast Sale Process.
Each Auction offers a variety of properties. Properties are accepted from one of landlord to Private disposals and Corporate Vendors. We are here to help all potential clients. Auctions are a great
Industry affiliations
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 203898745. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.