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Neilston Road, Paisley PA2 - Image 1
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Neilston Road, Paisley PA2

Scotland

£200,000
Listed on 01/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This vacant brownfield site in Paisley presents a unique opportunity for development, poised for transformation into modern residential units. With existing planning approval for eight apartments — six two-bedroom and two one-bedroom — this project aligns perfectly with the increasing demand for affordable housing in the area. Benefiting from robust transport links and local amenities, this site is strategically located for both residents and potential investors. The proposed design aims to harmonize with the surrounding tenement architecture using high-quality materials while promoting energy efficiency and sustainability. This endeavor not only provides a chance to contribute positively to the housing market but also represents an attractive investment prospect for developers or those in the build-to-rent sector who are looking to enhance their portfolio in a desirable location.

Investment Analysis

(PA2 area)
Area Average
£183/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
74
Average per month
Market Turnover
737%
Properties sold annually

Local Market Trend (PA2)

Area prices are rising by +5.5% over the last 12 months
3 year growth: +24.5%
5 year growth: +28.3%
Investment Disclaimer: Analysis based on PA2 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

Neilston Road, Paisley PA2
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 over 30 years at 4.06% 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.

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