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0/1, 21 Laurel Place, Glasgow, Glasgow City - Image 1
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0/1, 21 Laurel Place, Glasgow, Glasgow City

Scotland

£65,000Guide Price

Listed on 09/07/2026

Property details

Bedrooms
N/A
Type
Flat
Area
506 sqft

Description

This property presents an excellent opportunity for renovation and investment in the desirable Thornwood area of Glasgow's West End. The traditional ground floor sandstone tenement flat is in need of comprehensive refurbishment throughout, with additional communal repairs required as indicated in the legal pack. Currently designed in a room and kitchen style, the layout features a unique bed recess in both the lounge and the kitchen, along with a bathroom centrally located between them. With relevant planning permissions, there is potential to create an open-plan living space by transforming the lounge into an integrated kitchen area and repurposing the existing kitchen as a bedroom, thereby enhancing it into a full one-bedroom flat. The accommodation includes a security-controlled communal entrance hall, a reception hall complete with storage solutions, a corner-positioned lounge that boasts large bay windows, a functional bathroom, and an expansive kitchen. This property holds significant appeal for developers, builders, landlords, or owner-occupiers looking for a project that can be tailored to modern living standards. Located within walking distance of Partick and Hyndland and near Glasgow's vibrant amenities, this site benefits from excellent transport connections including Partick railway station and subway services. The surrounding area features numerous cafés, restaurants, bars, supermarkets, and retail options as well as attractions such as Byres Road and Kelvingrove Park. Strong demand persists in Thornwood due to its proximity to major employers like the University of Glasgow and Queen Elizabeth University Hospital.

Investment analysis

(G11 area)

Below Market Value

This property is priced -55.0% below area average per sq ft

-55.0%
Potential saving
This Property
£128/sq ft
Area Average
£285/sq ft
Avg Rent (weekly)
£285
Avg Yield
7.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£158,826
10% above area average per sq ft
Potential ROI
+51.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
75%
Properties sold annually

Local Market Trend (G11)

Area prices are stable by +0.4% over the last 12 months
3 year growth: +6.9%
5 year growth: +18.5%
Investment Disclaimer: Analysis based on G11 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

0/1, 21 Laurel Place, Glasgow, Glasgow City
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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
£246
Based on a loan of £48,750 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

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