Summary - 3/2, 28, RATHO DRIVE, GLASGOW G21 1NA
2 bed 1 bath Flat
Immediate-income two-bed flat in Springburn, tenanted and fully compliant for buy-to-let investors..
- Tenant in situ since 2024, immediate rental income
- Current rent £750pcm (£9,000pa) — 12.8% yield
- Home Report valuation £75,000; asking price £69,995
- EPC rating F (upgrade needed; potential D)
- Electric heating and double glazing in place
- Sold as seen; inventory included in sale
- Freehold flat with on-site garage parking
- Located in a very deprived area; consider growth risk
A straightforward buy-to-let with income from day one, this two-bedroom top-floor flat in Springburn is offered with tenants in situ. The current tenancy produces £750pcm (£9,000pa), giving an immediate advertised yield of 12.8% at the asking price of £69,995. The sale includes the existing inventory and is freehold, simplifying transfer for an investor seeking immediate cashflow.
The flat is in decent lettable condition with electric heating and double glazing, and it is fully compliant for the rental market. Practical features include a spacious lounge with dining area, two double bedrooms, a fitted kitchen and a single bathroom. The property was assessed in a Home Report at £75,000, indicating modest headroom at the asking price.
Buyers should note the EPC rating of F (potential D) — energy upgrades would be needed to improve efficiency and reduce running costs for tenants. The property is sold as seen, with the tenant in place since 2024, so any refurbishment will need to be coordinated with the tenancy. The area is well connected by rail and road, improving tenant demand, but local deprivation levels are high and may influence long-term capital growth and tenant turnover.
This unit suits an investor focused on immediate rental return and straightforward management rather than a hands-on refurbishment project. Budget for energy improvements and factor in the socio-economic profile of the locality when modelling future rent rises or capital appreciation.
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