Summary - 115, GREENRIGG ROAD, GLASGOW, CUMBERNAULD G67 2QB
2 bed 1 bath Flat
Auction lot: 2‑bed buy‑to‑let with immediate income and high gross yield potential.
Two double bedrooms with built‑in storage
This two‑bed flat on Greenrigg Road is offered with an existing tenancy and immediate rental income, making it a straightforward purchase for buy‑to‑let investors. Currently let at £359 pcm (£4,308 pa), the figure equates to a circa 15% gross yield if purchase is achieved near the advertised guide price. The lot will be sold at auction — suitable for buyers who can act quickly and understand auction timelines and requirements.
The building is a 1960s/1970s multi‑storey concrete block with typical brutalist styling; interiors are dated and the living spaces will require updating and maintenance to reach modern tenant expectations. The layout includes entrance hallway, living room, kitchen, two large double bedrooms and a bathroom, with useful built‑in storage. Broadband and mobile signals are reported strong.
Location is a key driver: Cumbernauld offers lower house prices than central Glasgow and good road links for commuters (M80/M73), supporting steady rental demand. The surrounding area is described as very deprived, so consider management needs, tenant turnover and potential rent volatility when modelling returns. Nearby recent sales on the same road provide local comparables but do not guarantee future price rises.
Buyers should note: the property is marketed under auction conditions and will be sold as seen. It is a renovation/turnkey investment opportunity depending on the level of works undertaken. Inspect and factor refurbishment, ongoing maintenance and any legal or management costs into your purchase calculations.
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