Newlands Road, Glasgow, Glasgow City
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
398 sq ft
37 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- CASH BUYERS ONLY – TENANTED INVESTMENT OPPORTUNITY
- OFFERS OVER £39,999 – HOME REPORT VALUE £60,000
- CURRENT RENTAL INCOME £595 PCM / £7,140 PER ANNUM
- POTENTIAL GROSS RENTAL YIELD OF 17.85% AT ASKING PRICE
- Sold with Sitting Tenant
- One-Bedroom Ground-Floor Flat
- Traditional Red Sandstone Tenement
- Bay-Windowed Lounge
- Convenient South Glasgow Location
- Excellent Local Amenities and Transport Links
Description
Currently generating rental income of £595 per calendar month (£7,140 per annum), the property offers investors a potential gross rental yield of approximately 17.85% based on the asking price.
With a Home Report valuation of £60,000, the property is being marketed at a significant discount to its valuation, reflecting the known structural issues.
IMPORTANT INFORMATION – CASH BUYERS ONLY
The property is being sold to cash purchasers only. Prospective purchasers should familiarise themselves with the structural condition and undertake their own due diligence before submitting an offer.
The asking price reflects these circumstances, making the property most suitable for experienced cash investors who understand the associated risks.
The property is being sold with the existing tenant in situ, providing the purchaser with an established tenancy and ongoing rental income, subject to the terms of the tenancy agreement.
IMPORTANT – BUYER'S FEE
TO ENSURE COMMITMENT FROM THE PURCHASER, A BUYER'S FEE WILL BE APPLICABLE TO THE SALE OF THIS PROPERTY. FULL DETAILS OF THE FEE AND PAYMENT TERMS WILL BE PROVIDED TO PROSPECTIVE PURCHASERS PRIOR TO SUBMITTING AN OFFER.
ACCOMMODATION
Lounge / Dining Room
The generously proportioned lounge benefits from a traditional bay window, allowing plenty of natural light into the room. Neutral décor creates a bright and welcoming living space with ample room for both lounge and dining furniture.
Kitchen
The fitted kitchen features a range of white base units with complementary work surfaces, an integrated electric hob and oven, and an under-counter fridge.
Bedroom
A well-proportioned double bedroom featuring neutral décor, carpeting, a rear-facing window and built-in shelving providing additional storage.
Laundry Area
A separate laundry area located off the bedroom provides a washing machine, work surface and overhead storage cupboards.
Shower Room
The shower room comprises a WC, wash-hand basin and shower cubicle with electric shower. A window provides natural light and ventilation.
LOCATION
Newlands Road is situated in a convenient south Glasgow location, offering easy access to a variety of local amenities, shops, supermarkets and transport connections.
Newlands Park and local recreational facilities are nearby, while Cathcart railway station provides connections to Glasgow city centre and surrounding areas.
The location offers convenient access to everyday amenities and public transport, making it a practical residential setting.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Communal garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ground floor
Energy performance certificate - ask agent
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Notes
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Visit our security centre to find out moreDisclaimer - Property reference 198NewlandsRd. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Steadfast Property, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.