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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

The property is a purpose built first floor flat in a three storey block of six flats. Net internal area 63 Sq.M. The property is situated in an established residential area of Glasgow. Freehold Sale.

Built circa 2006. The accommodation comprises of entrance hallway, living room, kitchen, two bedrooms, en-suite and bathroom. The windows are UPVC, double glazed in tilt and turn style.

The property is served by mains gas supply (Vokera combi boiler system) with the meter located in the kitchen. Mains water supply. Tenanted on PRT agreement at £795 per month. All payments up to date.

Communal areas within the development include include drying area, bin store, parking area and shared access to other flats via secure entry system to communal stairwell. Modern development.

The property is currently tenanted and managed by a lotting agent. Rental income £795 per mnoth on PRT agreement. Smoke alarm noted. Secure Entry System. Carbon monoxide detector. Tenanted Investment.

Tenanted Two Bedroom Flat with Two Bathrooms. Popular Residential Development north of Glasgow City. Desirable Rental Area with High demand locally for affordable investment properties. Close to Glasgow City Centre. Spacious and well kept Two Bedroom Flat located in Glasgow. COMPRISES - Reception hallway, two bedrooms (master en-suite), lounge, fitted kitchen and bathroom. Quiet residential development in the North of Glasgow enjoying ensuite facilities and a cul de sac location. SALES EVIDENCE: 1 Hamiltonhill Gardens, Flat 1-2, Glasgow SOLD FOR £107,000. 1 Hamiltonhill Gardens, Flat 1-1, Glasgow SOLD FOR £109,500. 7 Hamiltonhill Gardens, Flat 2-2, Glasgow, Glasgow G22 5PR previously sold for £126,500. 7 Hamiltonhill Gardens, Flat 0-1, Glasgow G22 5PR previously sold for £132,000. The development benefits from a maintenance factor. Benefits include secure door entry, gas central heating and double glazing. Rental £795 pcm. The property is situated in a popular location within a short distance from Glasgow city centre. House prices in Hamiltonhill Gardens have an overall average of £98,000 over the last year. Overall, the historical sold prices in Hamiltonhill Gardens over the last year were 35% down on the previous year and 26% down on the 2022 peak of £132,000. There is a factor for this estate - Homesbook Factoring. The monthly set fee is £65 and includes property insurance.

Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: £9,540 per year / £795 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: The current rent is £795 per month - £9,540 per annum. Managed by letting agent. All payments up to date.

Maps & Location

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The property is situated north of Glasgow City Centre and is within close proximity to transport links and is conveniently located for access to motorways both east and west, city centre and other surrounding towns. The property enjoys a quiet situation within a residential cul-de-sac and is a short distance from St Teresa's Primary School, local library and leisure facilities and shops including the St Rollox Shopping Centre just a short drive away. Glasgow, Scotland's largest city, is a dynamic hub known for its rich cultural heritage, thriving music and arts scene, and stunning Victorian and Mackintosh architecture. Its affordability compared to other UK cities, alongside excellent education options like the University of Glasgow, makes it a popular choice for families and young professionals. The city boasts a diverse economy, with strengths in finance, technology, and creative industries, while ongoing regeneration projects make it a hotspot for property investment. With excellent transport links, a vibrant social scene, and a welcoming community, Glasgow offers an appealing blend of opportunities and quality of life.

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Pricing Information & Bidding

Opening Bid: £99,000

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 & Conditions of Sale

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