For Sale By Auction | 14:00, 31 January 2019 | Lot 3

1/1, 64, Lynedoch Street, Greenock, Inverclyde, PA15 4AE

*Guide | £18,500+ (plus fees)

  • Flat
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 31/01/2019

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Viewing Times:

Mon 14 Jan

11:00-11:15

Mon 21 Jan

11:00-11:15

Mon 28 Jan

11:00-11:15

Two bedroom first floor flat

This two bedroom flat enjoys preferred first floor position within a traditional tenement block on the edge of Greenock town centre. The spacious accommodation comprises lounge, fitted kitchen, two bedrooms and bathroom with three piece suite and over bath shower. Further benefits include double glazing, gas central heating and shared garden/drying area to the rear. This property would be attractive to buy to let investors and owner occupiers alike and demands early attention to take advantage of this great opportunity. *CASH PURCHASE ONLY* EPC Rating - D.

Tenure

Freehold

Home Report £23,000

Ideal buy to let or starter flat

Attractive 20% discount to Home Report value

Massive potential rental yield of over 28%

Potential rental value £440pcm at LHA rate / £5,280pa

Area

The town of Greenock has a wide range of local amenities including high street shopping, with several supermarkets and high street banking. There is established schooling at both primary and secondary levels. Recreational amenities include several play parks, sports centres and 'The Waterfront Centre' swimming pool, ice rink and gym. There are a range of golf clubs within the local area, modern yacht marinas in Greenock and Inverkip and access to Clyde Muirshiel Regional Park. There are several railway stations, offering access to Glasgow Central and the area is well served by local bus routes.

Comparables

6 Hay Street: Sold £26,500 10/18 4 Hope Street: Sold £50,000 07/18 31 Bank Street: Sold £45,250 04/18

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Inverclyde Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

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