For Sale By Auction | 14:00, 05 April 2019

436, Millcroft Road, Cumbernauld, Glasgow, North Lanarkshire, G67 2QP

*Guide | £23,000+ (plus fees)

  • Terraced House
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Fri 05/04/2019

Auction Time

14:00

Auction Venue

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

Two bedroom mid-terraced townhouse

Outstanding opportunity for the investor/builder to purchase this two bedroom mid-terraced property which is located within a popular residential area of Cumbernauld and which would make an excellent buy to let offering a potential rental yield of around 22% or around 26% if converted back to a three bedroom. Accommodation is set over three levels and comprises on ground floor, utility room, downstairs W.C. and large dining kitchen with access to the rear garden. First floor comprises entrance hallway, bedroom three and lounge. On the second floor there are two good sized double bedrooms and bathroom. The property benefits from double glazed windows and has a recently installed gas central heating system and boiler. There is a fully enclosed garden to the rear which is mainly slabbed for easy maintenance. The fantastic potential yield on offer will ensure that there will be high levels of interest so early viewing is strongly advised.

Tenure

Freehold

Home Report £35,000

Fantastic potential rental yield of 22% as a two bed or 26% as a three bed

Residents off street parking

Local primary school in close proximity

Ideal investment opportunity

Close to local amenities

Potential rental value £430pcm at LHA rates / £5,160pa as a two bed

Potential rental value £495pcm At LHA rates / £5,940pa as a three bed

Area

The area of South Carbrain is within walking distance to Cumbernauld town centre which has local access to 24 hour shopping, schools, health centre, provides social care and leisure facilities. Local primary school is within 100mts. Also nearby is Broadwood Loch and Palacerigg country park with delightful country walks. Bus and train facilities are available with direct rail links to Falkirk, Glasgow and Edinburgh.

Comparables

434 Millcroft Road sold £33,000 08/18 438 Millcroft Road sold £33,000 11/17 456 Millcroft Road sold £40,000 05/17

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

North Lanarkshire 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.