This property is a well proportioned 1 bedroom flat located in Renfrew. It has a tenant currently situated that has taken good care of the space and is able to generate a fantastic rental return - it would be the perfect addition to an investors property portfolio!
This home is neutrally decorated throughout and features 1 bedroom, a three-piece bathroom, a spacious lounge and kitchen.
Investment details
The property currently produces an annual gross income of £4,200 which could be increased by the new owner to a market rate of £5,100 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.
For greater detail on this property's investment potential, please see the Let Property Pack linked below.
If you are interested in viewing the Home Report, please call us.
Tenancy Details
The current tenant has lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.
Location
Surrounding the property you will various local amenities such as convenience stores, local service businesses, cafes, restaurants and leisure facilities that are all within walking distance. The Renfrew town centre is also within a short drive or walk of the property which makes available countless more amenities such as this.
The property is located A741 main road which leads directly onto the M8 Motorway and into Paisley. With this, the tenants can easily travel to surrounding areas such as Erskine, Hillington and even Glasgow City Centre.
Living Space/lounge
Filled with natural daylight thanks to the windows, the lounge is a great space with plenty of room for furniture and gatherings.
Kitchen
The kitchen has modern fittings and has been well kept by the tenant.
Bathroom
A three-piece bathroom is found in the property that consists of a wash basin, W.C. and a walk-in shower.
Bedroom
The bedroom is a good size with enough room for a king sized bed, bedroom furniture and storage cabinets.
Let Property are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is fully refundable in the event of non-completion at no fault of your own.
Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.
Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.
Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.
Verified as Freehold
Property Tenure documentation has been provided to Let Property and has been Verified.
EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
Council Tax Band: A
Interactive street-level view of the property location and surrounding area.
