An east end Glasgow flat has become one of the cheapest for sale in the city, hitting the market at just £45,000.
The one-bedroom home in Hagill is described as ‘needing some work’, though could be a DIY lover's dream if they’ve got the knack for renovation. The property is up for sale at auction, and available to view on Rightmove.
Auction House Scotland is selling the top floor flat, which sits at Aberfoyle Street. Within walking distance of Alexandra Parade train station, the tenement flat could make the perfect home with the right owner looking for a project.
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With a large lounge including a bay window, double bedroom, modern kitchen and bathroom - all of the elements are there. Also included in the home is a heating boiler and kitchen unit panels and tiles, with current owners having taken on some parts of the refurbishment.
While the home was valued at £57,000, a 21 per cent discount has been applied to the auction price.
Managing Director at Action House Scotland, Mandi Cooper, said: “Anybody who has watched BBC’s Homes Under the Hammer will know just how beneficial buying a property at auction can be.
“Houses that go under the hammer can not only be bought at a much cheaper price that what they would go for on the market, but each home is often run-down meaning potential buyers can renovate it and really make it their own whilst also adding value.
“This tenement flat in the Haghill area of Glasgow is an excellent example of this and has the potential to become a great property to live in within the increasingly popular east end of the city, within easy reach of the centre.
“Equally, landlords in search of their investment or someone looking to get on the buy-let-ladder might be drawn to the flat’s potential annual rental income of almost £6,000 per year following completion of the renovation works.”
Pre-auction offers are currently being accepted for the property. You can find out more here.
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