126 Drumfrocher Road, Greenock, PA15 4JG
- 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 is excited to present this exceptional BRRR Opportunity! Vacant 2 bedroom spacious flat, located within a easy lettable area located in Greenock ***Guide price £35,000***
- ***Newton Street, Greenock previously sold for £75,000, Flat 1/1, 27 Bank Street, Greenock PA15 4PH sold for £75,000, 22 Bank Street, Greenock, PA15 sold for £70,000***
- Once fully renovated, for rental purposes, the property could command a rental income of 475pm - 600 P/M, £5700- £7200 P/A, which would provide an exceptional gross yield of 19% - 24% based on a gu
- Property offers Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location.
- Property is located near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport easily accessible nearby.
Description
- Prime Property Auctions is excited to present this exceptional BRRR Opportunity! Vacant 2 bedroom spacious flat, located within a easy lettable area located in Greenock ***Guide price £35,000***
- ***Newton Street, Greenock previously sold for £75,000, Flat 1/1, 27 Bank Street, Greenock PA15 4PH sold for £75,000, 22 Bank Street, Greenock, PA15 sold for £70,000***
- Once fully renovated, for rental purposes, the property could command a rental income of 475pm - 600 P/M, £5700- £7200 P/A, which would provide an exceptional gross yield of 19% - 24% based on a guide price of £35,000. ***HIGH YIELDING***
- Property offers Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location.
- Property is located near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport easily accessible nearby.
Prime Property Auctions is excited to present this exceptional BRRR Opportunity! Vacant 2 bedroom spacious flat, located within a easy lettable area located in Greenock ***Guide price £35,000***
Property comprises: Entrance hallway, large 2 bedrooms, living room, kitchen and bathroom. Council tax band
Once fully renovated, for rental purposes, the property could command a rental income of 475pm - 6000 P/M, £5700- £7200 P/A, which would provide an exceptional gross yield of 19% - 24% based on a guide price of £35,000. ***HIGH YIELDING***
Sure to appeal to shrewd builders/investors/developers looking for a rare project with remarkable capital growth potential.
Sale Evidence:
***Newton Street, Greenock previously sold for £75,000, Flat 1/1, 27 Bank Street, Greenock PA15 4PH sold for £75,000, 22 Bank Street, Greenock, PA15 sold for £70,000***
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.
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:
Greenock, situated on the scenic banks of the River Clyde, offers a promising investment opportunity with its strategic location and potential for growth. As a historic port town with a rich maritime heritage, Greenock boasts a diverse economy supported by industries such as shipping, manufacturing, and marine engineering. Its proximity to Glasgow and excellent transportation links make it an attractive destination for businesses and commuters. Investors can capitalise on Greenock's expanding housing market, revitalization projects, and waterfront developments to drive economic growth. Additionally, the town's cultural attractions, recreational amenities, and stunning waterfront views create opportunities for tourism and leisure ventures. Investing in Greenock not only promises financial returns but also contributes to the ongoing revitalization and prosperity of this vibrant coastal community in Scotland.
- 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
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
126 Drumfrocher Road, Greenock, PA15 4JG
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About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
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Visit our security centre to find out moreDisclaimer - Property reference 205061117. 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.”
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