**Key Features:**
- **Guide Price:** £5,000 (massively discounted)
- **Location:** Paisley, PA1 1HD
- **Potential Rent:** £550-£625/month (£6,600 - £7,500/year)
- **Gross Yield:** 26-30% if purchased at guide price
- **Condition:** Requires full renovation
- **Surroundings:** Near local amenities, schools, and public transport
This Victorian 1-bedroom flat in Paisley offers a unique investment opportunity for builders and renovators. Priced attractively at £5,000, the property requires complete renovation yet boasts substantial capital growth potential, especially considering comparable local sales around £50,000. Positioned in a vibrant area with a plethora of restaurants, bars, and supermarkets, this flat is ideal for first-time buyers and investors looking to tap into a strong rental market, with potential monthly earnings of £550 to £625.
While the property does exhibit signs of neglect—featuring damp issues, peeling paint, and exposed wiring—these challenges present a blank canvas for a creative investor. Don't miss this rare auction opportunity to secure a flat with significant yield potential in a sought-after neighbourhood. Act quickly to make this property shine again and capitalize on Paisley's growing demand!
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