Features
- Buy-to-let Investment
- Tenanted & Fully Compliant
- 2 bedrooms
- 65 sq m
- Home Report £95,000
- EPC Rating: F
- Current rental £550pm
- Market rental £750pm
- Unfurnished Let
- No Buyer Fees
Description
Tenanted 2 bedroom buy-to-let property investment in the Riddrie area of Glasgow. This ground floor property is in excellent condition with the accommodation comprising of an entrance vestibule leading to the entrance hallway, two bedrooms, a bathroom with w.c, kitchen and bay window living room. The property benefits from having electric heating, double glazing, and being fully compliant for the rental market.
The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the tenant has been resident since September 2018 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £6,600 which represents an immediate yield of 6.1% and a potential yield at current market rental rates of 8.3%. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £95K.
Riddrie is a north-eastern district of Glasgow, approximately a 10 minute drive to the city centre. The property benefits from being next to Alexandra Park and close to the Forge Shopping centre as well as an array of local amenities.