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Park Terrace East Lane, Park, Glasgow - Image 1
Park Terrace East Lane, Park, Glasgow - Image 2
Park Terrace East Lane, Park, Glasgow - Image 3
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Park Terrace East Lane, Park, Glasgow - Image 7
Park Terrace East Lane, Park, Glasgow - Image 8
Park Terrace East Lane, Park, Glasgow - Image 9
Park Terrace East Lane, Park, Glasgow - Image 10

Park Terrace East Lane, Park, Glasgow

Scotland

£129,000
Listed on 05/07/2025

Property Details

Bedrooms
1
Type
Flat
Area
646 sqft

Description

This freehold mews-style duplex is situated in the highly sought-after Park District of Glasgow’s West End, representing a unique opportunity for those interested in renovation and investment. Nestled on a quiet cobbled lane off Park Street South, the property offers a serene environment while remaining conveniently close to the vibrant amenities of the city. The layout spans two levels, providing distinct zones that can be reimagined to maximize space and functionality. The entrance vestibule leads into a bright living room, which offers potential for modern updates. Descending to the lower ground level reveals a spacious dining kitchen, a generous double bedroom, and a shower room. Access to a private covered terrace from the kitchen enhances outdoor living possibilities and adds value to the property. While currently in basic condition, this home’s renovation potential is significant. A thorough review of the Home Report and damp proofing survey will provide insight into essential improvements needed, presenting an excellent project for buyers eager to invest in a property that can be transformed into their vision of comfort and style. The location itself adds tremendous appeal; it lies just moments from Kelvingrove Park’s lush green spaces, ideal for leisure activities, and benefits from excellent transport links including quick access to the M8 motorway and Glasgow Airport. This duplex not only offers an inviting neighborhood with architectural charm but also represents an exciting prospect for developers or homeowner-occupiers looking to add value through thoughtful enhancements. Overall, this property combines classic features with ample scope for modern transformation within one of Glasgow's most prestigious areas—a promising opportunity for those ready to embark on a rewarding renovation journey.

Investment Analysis

(G3 area)

Below Market Value

This property is priced -28.9% below area average per sq ft

-28.9%
Potential saving
This Property
£200/sq ft
Area Average
£281/sq ft
Avg Rent (weekly)
£276
Avg Yield
6.1%

Renovation Potential

Est. Renovation Cost
£12,900 - £32,250
10-25% of property value
Target Value
£199,714
10% above area average per sq ft
Potential ROI
+23.9%
After renovation
Monthly Sales
38
Average per month
Market Turnover
173%
Properties sold annually

Local Market Trend (G3)

Area prices are stable by +1.6% over the last 12 months
3 year growth: 2.6%
5 year growth: 12.2%
Investment Disclaimer: Analysis based on G3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Park Terrace East Lane, Park, Glasgow
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