2/1 561 Cathcart Road, Govanhill, Glasgow, G42 8SG
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- 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 New Entry. Large 2 Bedroom flat, located in the popular buy to let location of Govanhill, Glasgow. *** POTENTIALLY HIGH YIELDING OPPORTUNITY ***
- *** 531 3/2, Cathcart Road, Glasgow G42 8SG sold for £135,099 in September 2022, 561 Flat 3/1, Cathcart Road, Glasgow G42 8SG sold for £122,600 in December 2022 ***
- Property has potential to generate an impressive monthly income of £850 - £950 per month. Sure to appeal to a shrewd investor.
- Property could command an annual income of £10,200 - £11,400 per annum, giving a gross yield of 12% - 13.4% based on a guide price of £85,000.
- Property is currently tenanted at a low rent of £350 per calendar month providing an annual income of £4,200 or a gross yield of 4.9% based on a guide price of £85,000.
Description
- Prime Property Auctions New Entry. Large 2 Bedroom flat, located in the popular buy to let location of Govanhill, Glasgow. *** POTENTIALLY HIGH YIELDING OPPORTUNITY ***
- *** 531 3/2, Cathcart Road, Glasgow G42 8SG sold for £135,099 in September 2022, 561 Flat 3/1, Cathcart Road, Glasgow G42 8SG sold for £122,600 in December 2022 ***
- Property has potential to generate an impressive monthly income of £850 - £950 per month. Sure to appeal to a shrewd investor.
- Property could command an annual income of £10,200 - £11,400 per annum, giving a gross yield of 12% - 13.4% based on a guide price of £85,000.
- Property is currently tenanted at a low rent of £350 per calendar month providing an annual income of £4,200 or a gross yield of 4.9% based on a guide price of £85,000.
Prime Property Auctions New Entry. Large 2 Bedroom flat, located in the popular buy to let location of Govanhill, Glasgow. *** POTENTIALLY HIGH YIELDING OPPORTUNITY ***
Property comprises: Entrance Hallway, spacious living room and kitchen area, a well-equipped, 3-piece bathroom and 2 bedrooms.
Property could command an annual income of £10,200 - £11,400 per annum, giving a gross yield of 12% - 13.4% based on a guide price of £85,000.
*** 531 3/2, Cathcart Road, Glasgow G42 8SG sold for £135,099 in September 2022, 561 Flat 3/1, Cathcart Road, Glasgow G42 8SG sold for £122,600 in December 2022 ***
Property has potential to generate an impressive monthly income of £850 - £950 per month.
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. There is fantastic sales evidence with similar properties selling for much higher: Great opportunity for a high yielding opportunity.
*** 531 3/2, Cathcart Road, Glasgow G42 8SG sold for £135,099 in September 2022, 561 Flat 3/1, Cathcart Road, Glasgow G42 8SG sold for £122,600 in December 2022 ***
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 on .
Location:
Govanhill is a vibrant and culturally diverse neighbourhood located in the Southside of Glasgow, Scotland. Steeped in history and known for its sense of community, Govanhill offers a unique blend of traditional charm and modern amenities.
As you explore the streets of Govanhill, you'll be captivated by the architectural beauty that reflects its rich heritage. Victorian-era tenements line the thoroughfares, adorned with colourful facades and intricate detailing. These buildings stand as a testament to the area's past, evoking a sense of nostalgia and character.
Govanhill's main hub is Victoria Road, a bustling street brimming with a myriad of shops, cafes, and restaurants. Here, you'll find a vibrant mix of local businesses, selling everything from fresh produce and vintage clothing to unique crafts and artisanal goods. The street buzzes with activity, as residents and visitors alike peruse the various offerings and soak in the lively atmosphere.
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: B
2/1 561 Cathcart Road, Govanhill, Glasgow, G42 8SG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Crosshill Station0.2 miles
- Queens Park (Glasgow) Station0.4 miles
- Pollokshields East Station0.6 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
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Visit our security centre to find out moreDisclaimer - Property reference 203893264. 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.
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