A one bedroom flat in need of refurbishment has joined the market, set to head to auction at a guide price of £45k.
Sat in the highly popular Ibrox area, the property sits within close proximity to amenities on Paisley Road West and transport links to the city centre. After the property has been renovated, property agents estimate the rental potential could reach £500 per calendar month.
An ‘excellent’ investment opportunity, Future Property Auctions say the property offers a small project with great upside.
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Rettie & Co added: “This one bedroom flat is located in the highly popular Ibrox, south side of Glasgow.
“The property comprises an entrance hallway, kitchen, toilet area, double bedroom and large living room with recess. Once property is refurbished, it would be ideal for the buy to l investment market.
“Centrally and conveniently located within the popular and vibrant Southside locale, the property is ideally situated for a range of local amenities situated along Paisley Road West.”
Recent nearby sales evidence for one bedroom flats includes 8/1 Ibroxholm Place, which sold for £135,000. 21 Merrick Gardens also sold for £137,000.
The Pacific Quay Development, BBC Buildings, Bellahouston Sports Centre and the Springfield Quay Entertainment Complex are nearby. The M8 and M77 are readily available, offering transport into the city centre and the west end, as well as both Prestwick and Glasgow International Airports.
Bidding for the property will take place on January 12 at 10am, with a timed online auction. You can submit an enquiry now, and find out more information, here.
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