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8 Newton Place, Glasgow, G3 7PR

Scotland

£950,000

Listed on 04/06/2026

Property details

Bedrooms
N/A
Type
Commercial Property
Area
3778 sqft

Description

This four-storey mid-terrace townhouse presents a significant investment opportunity in the highly desirable Newton Place area of Glasgow. Currently used as office space, the property spans the basement, ground, first, and second floors, offering ample square footage with potential for transformation. Its prime location in the Park District makes it an ideal candidate for conversion from commercial to residential use, allowing for the creation of a bespoke luxury home or high-end apartments, subject to planning permissions. Additionally, the property boasts six private parking spaces at the rear—a rarity in this central area—adding to its appeal for potential buyers or renters. Opportunities like this are scarce in Newton Place and provide substantial value-add possibilities for developers and investors.

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Investment analysis

(G3 area)

Below Market Value

This property is priced -12.4% below area average per sq ft

-12.4%
Potential saving
This Property
£251/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£286
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,193,546
10% above area average per sq ft
Potential ROI
-0.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (G3)

Area prices are stable by +0.5% over the last 12 months
3 year growth: +0.9%
5 year growth: +10.6%
Investment Disclaimer: Analysis based on G3 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

8 Newton Place, Glasgow, G3 7PR
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,589
Based on a loan of £712,500 over 30 years at 4.45% 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

This calculation uses non-residential (land/commercial) tax rates.

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