One bedroom top floor tenement flat

Going under the hammer is this one bedroom top floor tenement flat within the Possilpark area of Glasgow, approximately 2.5 miles north of the city centre. The accommodation comprises lounge/kitchen and bedroom with recessed area and shower room off. In addition, the property offers gas central heating, single glazed windows and communal garden area to the rear. A programme of upgrade works is required which is reflected in the competitive guide price and offers a great opportunity to add value. Rental investors will be attracted to the outstanding potential rental income of £8,317 per annum (LHA published figures), and the flat could equally be an ideal first step on the property ladder. Strong levels of demand are anticipated, so early viewing is essential. Council Tax Band: A. EPC Rating: C. Comparables Flat 1/2, 427, Hawthorn Street: Sold for £50,000 10/24 Flat 2/1, 427, Hawthorn Street: Sold for £40,000 03/24 Flat 3/3, 437, Hawthorn Street: Sold for £51,000 05/23

Tenure

Freehold

Area

Hawthorn Street is within the Possilpark area, approximately 2.5 miles north of Glasgow city centre. The surrounding area is predominantly residential with a small parade of shops serving the local community and which contains a convenience store, newsagents, hot food units and a bookmakers. The area is well served by public transport with regular bus services on Hawthorn Street going to and from the city centre. Ashfield Station is within a 5 minute walking distance from which there are regular services to/from Glasgow Queen Street Station with a 6 minute journey time.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Glasgow City Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.