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Lime Street, Greenock, PA15

Scotland

£56,000
Listed on 22/04/2026

Property Details

Bedrooms
2
Type
Flat
Area
732 sqft

Description

This well-sized second-floor flat presents a significant opportunity for renovation in a central, yet tranquil location. Currently tenanted, it offers immediate income potential for investors looking to expand their rental portfolio. The property features communal gardens and is fitted with gas central heating and double glazing throughout. Comprising two bedrooms, the flat requires refurbishment but stands out for its generous layout. The entrance hall leads into a bright lounge area featuring a gas fireplace and an alcove ideal for shelving or additional decor. The L-shaped kitchen allows for ample dining and food preparation space, while the master bedroom boasts built-in storage. The second bedroom also benefits from natural light, making both rooms appealing as living spaces. The bathroom has been refitted with modern tiling and includes essential fixtures, creating an opportunity to enhance its overall aesthetic. With strong demand for rental properties in Inverclyde, this flat could achieve approximately £595 per month in rent, translating to an attractive yield of around 12%. Situated close to local transport links and amenities by the River Clyde, this property is primed for those seeking value through investment and renovation.

Investment Analysis

(PA15 area)

Below Market Value

This property is priced -35.1% below area average per sq ft

-35.1%
Potential saving
This Property
£77/sq ft
Area Average
£118/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £20,000
Target Value
£94,853
10% above area average per sq ft
Potential ROI
+24.8%
After renovation
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

Lime Street, Greenock, PA15
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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
£198
Based on a loan of £42,000 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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