Summary - 18A, CUMBERLAND ROAD, GREENOCK PA16 0TW
3 bed 1 bath Flat
**Standout Features:**
- **High Yielding Investment:** Current rent of £349 pcm equates to a gross annual income of £4,188.
- **Strategic Location:** Situated in a convenient residential area close to amenities, schools, and transportation links.
- **Long-term Tenant:** Current tenant has been living in the property since October 2020, ensuring immediate rental income.
- **Renovation Potential:** Market rent could increase to £475-£550, raising potential gross yield to over 14%.
**Property Summary:**
Discover an exceptional investment opportunity with this large 3-bedroom flat at 18A Cumberland Road in Greenock, perfect for seasoned investors or first-time buyers looking for a low-maintenance entry into the rental market. This tenanted property is generating a strong yield of over 10%, with the untapped potential for even greater returns through strategic rent increases in line with the local market.
The flat features spacious living areas, a kitchen, a bathroom, and three well-sized bedrooms, all equipped with double glazing for energy efficiency. Positioned in a sought-after neighborhood, the property benefits from excellent local amenities, making it an attractive option for families. Moreover, its access to various convenient public transport options enhances its appeal further, ensuring steady demand from renters.
While this property is chain-free and ready for immediate purchase, please be aware of its location in a currently deprived area. Nevertheless, with a proven track record of rental income and a stable tenant, this property presents a real opportunity for capital growth and consistent cash flow. Don’t miss out on the chance to secure this fantastic investment!
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