This 4-bedroom detached property in Bellshill, near Glasgow, represents a compelling opportunity for investors looking to undertake a renovation project. The property requires significant work to become suitable for leasing or occupancy, making it an ideal candidate for those interested in the BRRR (Buy, Renovate, Rent, Refinance) strategy. Once updated, the property could potentially yield monthly rents between £1,250 and £1,300, which translates into an attractive annual income of approximately £15,000 to £15,600. It offers a robust gross yield of around 8% to 9%, contingent on successful renovations and tenancy arrangements.
The layout includes a spacious lounge and dining area on the ground floor alongside a well-equipped kitchen and convenient w.c. The upper level hosts four sizeable bedrooms and a master bathroom. Surrounding the home are extensive gardens featuring a mixture of paved areas and charming red stone landscaping; access can be gained through both vehicular and pedestrian gates.
Positioned in a prime location within Bellshill, this property not only appeals to savvy investors but also offers potential owner-occupiers the chance to create their dream home amidst excellent local amenities and transport links. Comparable sales in the area support its value proposition: recent transactions include properties selling for £235,000 to £250,000. This is an opportunity that should not be overlooked by those seeking immediate equity gain through strategic improvements.
