Summary - Hay Street, Greenock, Inverclyde, PA15 PA15 4BA
1 bed 1 bath Flat
Auction-priced renovation opportunity with strong rental appeal.
Victorian second-floor flat with high ceilings and period character
A one-bedroom second-floor flat in a Victorian sandstone building, offered at auction and sold freehold. The apartment has high ceilings and period character at the front, with an open-front lounge and a spacious dining kitchen to the rear. It requires full upgrading throughout — windows are single-glazed, finishes are dated and there is mid-20th-century damp visible in places — so this is a clear renovation project.
Set in central Greenock, the location gives easy access to transport links, schools and local amenities including sports and leisure facilities. Broadband and mobile signal are both strong, and the property is not in a flood-risk area. Council tax is very low, which helps running costs but reflects the wider very deprived neighbourhood.
For investors the flat offers genuine rental potential once refurbished: communal gardens, period features and central siting are attractive to tenants. Note the sale is by Modern Method of Auction with a 56-day reservation period; a non-refundable reservation fee of 4.20% (minimum £6,000) is payable in addition to the purchase price, and buyers should confirm mortgageability before bidding.
This is a value-led purchase aimed at buyers prepared to carry out works. The combination of freehold ownership, strong connectivity and low purchase price creates scope for a lettable, income-producing asset after renovation, but the likely need for repairs and the local area deprivation should be factored into returns and exit plans.
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