This top-floor two-bedroom flat presents a compelling investment opportunity in Glasgow. Currently vacant, the property requires renovations to bring it up to a lettable standard. The layout includes an entrance hallway, two generous bedrooms, a living space, and a bathroom, all with good storage options.
With the potential to convert into a three-bedroom flat—previous planning permissions were granted—there's significant scope for increasing value and rental income. A post-renovation rental yield of around £1,100 to £1,200 per month is anticipated, translating to annual returns between £13,200 and £14,400. This represents a potential yield of 10% based on acquisition at the suggested price.
Located close to essential amenities and transport links, this flat is ideal for investors looking to implement the BRRRR strategy—buying, renovating, renting out, refinancing, and repeating the process. The local property market demonstrates robust growth potential as evidenced by recent sales in the area. This property is being offered at an attractive price point to facilitate a quick sale aimed at savvy buyers seeking value.
