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40, Sir Michael Street, 3FF, Greenock, PA151PL

Scotland

£18,000
Listed on 09/04/2026

Property Details

Bedrooms
1
Type
Flat

Description

This one-bedroom top floor flat in Greenock presents a noteworthy investment opportunity for those looking to tap into a property with renovation potential. Requiring modernisation, the flat features a communal entrance, spacious lounge/kitchen area, bathroom, and a bedroom with ample storage. While it benefits from double glazing and a communal garden at the rear, repairs are necessary to enhance its appeal. Located in a highly sought-after rental market, this property is conveniently situated near local amenities and transport links, making it an ideal choice for both first-time buyers and investors aiming for strong rental yields post-renovation. The surrounding area offers easy access to shops, public transport, and parking options without the hustle of busier thoroughfares. This flat could serve as a valuable addition to your investment portfolio once revitalised.

Investment Analysis

(PA15 area)
Area Average
£118/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
427%
Properties sold annually

Local Market Trend (PA15)

Area prices are rising by +9.4% over the last 12 months
3 year growth: +18.5%
5 year growth: +39.2%
Investment Disclaimer: Analysis based on PA15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

40, Sir Michael Street, 3FF, Greenock, PA151PL
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£64
Based on a loan of £13,500 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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