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Caledonia Street
Paisley, PA3

Offers in Region of£58,999
Bedrooms:2Bathrooms:1Public Rooms:1Tenanted:Yes
Current Yield:12.1%Potential Yield:14.1%

Features

  • Buy-to-let Investment
  • Tenanted & Fully Compliant
  • 2 Bedrooms
  • Home Report : £60,000
  • Current Rental £595pm
  • Current Yield 12%
  • 61 sq m
  • Unfurnished Let
  • EPC Rating: G
  • No Buyer Fees

Description

This third/top-floor flat forms part of a handsome, traditional building in Paisley and offers two bedrooms, a large living/dining room, a kitchen, and a bathroom. Externally, the flat benefits from access to a shared garden and unrestricted on-street parking nearby.

A secure shared entrance takes you to the third/top floor, where an entrance vestibule (with built-in storage) welcomes you into the home, leading through to a hall. The living and dining room enjoys a corner aspect and offers plenty of space for both lounge and dining furniture, as well as neutral décor and a fitted carpet for optimum comfort underfoot. The neighbouring kitchen is fitted with modern wall and base cabinets framed by workspace and splashback tiling, whilst an oven, hob, and extractor hood are integrated and provision is made for freestanding appliances. The flat accommodates two well-proportioned bedrooms, both offering plenty of space for furniture. One is currently being utilised as a home office, ideal for those who work from home and showcasing the home’s versatility. A bathroom completes the accommodation on offer and comprises a bath with an overhead shower and a glazed screen, and a WC-suite. Electric heating and double glazing ensure year-round comfort and efficiency. Externally, the flat has access to a shared garden/drying green and unrestricted on-street parking can be found on Caledonia Street.

The property is being sold with the tenants in situ as a buy-to-let investment and is fully compliant with PRT, property inventory, EICR, gas safety, PAT, legionella risk assessment, and deposit certificate. The tenant has been a resident since November 2022 providing rental income on day 1 of purchase, the current tenancy generates an annual rental income of £7,140. Please note, for a future tenancy the property has the potential to secure £8,340pa and generate a yield of 14%. The property is sold as seen and the sale price includes all the inventory items.

Located on the western border of Glasgow, the large town of Paisley is popular with a broad demographic of buyers, especially amongst families, first-time purchasers, and commuting professionals looking for a quieter pace of life in easy reach of the city. Prominent from the 12th century onwards with the establishment of Paisley Abbey, the historic area is renowned for its impressive architecture, enjoying the highest number of listed buildings (outside of Edinburgh) in Scotland. It offers an excellent balance of thriving amenities and services, alongside easy access to idyllic greenspaces and the nearby countryside. With a wide range of shops, supermarkets, eateries, and everyday essentials, Paisley caters to all your daily shopping needs. The centre of Glasgow can also be reached in as little as 10 minutes by train, placing the city’s fantastic shopping and cultural facilities at your disposal. Furthermore, the area is conveniently located for two highly popular shopping centres: Braehead near Renfrew and Silverburn in Pollok, both of which are just a short drive away. With lots of public parks and the neighbouring countryside, there are ample opportunities for walking and cycling in Paisley. In addition, the town is home to several gyms and leisure centres, offering a variety of fitness facilities to enjoy. Several superb golf clubs are dotted around the rural edge of the town as well. With a number of train stations, regular bus links, and the nearby M8 motorway network, travel from Paisley to Glasgow and beyond is easy and convenient. Furthermore, Glasgow International Airport is just a short car journey away for travel further afield. Paisley caters to all education levels, from nursery to secondary schooling, and it is home to a University of the West of Scotland campus and a West College Scotland campus

Documents

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Brochure
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Floorplan
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EPC
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Home Report
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