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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Vacant
  • Bedrooms: 1
  • Council Tax: Search

IDEAL RENTAL PROPERTY - close to Glasgow City centre - popular rental district with high tenant demand and HIGH RENTAL YIELD. Ideal for first time landlord or easy portfolio expansion.

Comprising of internally - main door access to upper level - ground floor access, 1st floor flat with lounge/fitted kitchen, double bedroom off and bathroom with storage/utility cupboard off.

EXCELLENT RENTAL YIELD POTENTIAL - £450 per calendar month - £5400 per annum. Yield of 36% at opening bid price. Further benefits from UPVC windows and Gas central heating (untested).

Close to city centre. HIGH TENANT DEMAND LOCALLY. Within a short walk to public transport routes to city offering a high tenant base in this popular rental location. Some minor upgrading required.

**COMPARABLE SALES**1 Bed Lenzie Way sold 2024 at £50,000**1 Bed Broomfield Road sold 2021 at £57,000**2 Bed Lenzie Terrace sold 2021 at £65,000**1 Bed Lenzie Way sold 2021 £44,000**

IDEAL RENTAL PROPERTY - close to Glasgow City centre - popular rental district with high tenant demand and HIGH RENTAL YIELD. Ideal for first time landlord or easy portfolio expansion. Comprising of internally - main door access to upper level - ground floor access, 1st floor flat with lounge/fitted kitchen, double bedroom off and bathroom with storage/utility cupboard off. EXCELLENT RENTAL YIELD POTENTIAL - £450 per calendar month - £5400 per annum. Yield of 36% at opening bid price. Further benefits from UPVC windows and Gas central heating (untested). Close to city centre. HIGH TENANT DEMAND LOCALLY. Within a short walk to public transport routes to city offering a high tenant base in this popular rental location. Some minor upgrading required.**COMPARABLE SALES**1 Bed Lenzie Way sold 2024 at £50,000**1 Bed Broomfield Road sold 2021 at £57,000**2 Bed Lenzie Terrace sold 2021 at £65,000**1 Bed Lenzie Way sold 2021 £44,000**

Located within 10-15 minutes to Glasgow City Centre. Springburn Shopping Centre and Tesco supermarkets are both within minutes. Quiet street, just off the Springburn Road within walking distance to the city centre where there are a wide array of high street designer shops and restaurants. There are also a variety of local amenities and supermarkets nearby for general day-to-day requirements. The property is located close to and is convenient for access to The Glasgow Fort, Edinburgh Road, Ashfield railway station (connections to Glasgow Central), various retail parks and Glasgow Tigers Speedway. Regular bus links are available allowing for easy and quick access to all surrounding areas and directly into the city centre. Conveniently located for access to the M8 and M74 motorway network offering travel to the East and West. The property is ideal for people working in or around the city centre or to the north of Glasgow as there are daily public transportation routes and motorways allowing for easy commute.

Full Address: 117 Lenzie Terrace, Springburn Glasgow, G21 3TN

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Pricing Information & Bidding

Opening Bid: £35,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)



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Auction Details

Date & Time: 15 May 2025, 10am-3pm
Type: Timed Online Auction

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