Summary - 1/1, 3, GREENOCK ROAD, PAISLEY PA3 2LB
1 bed 1 bath Apartment
Auction lot — 1-bed Paisley flat needing renovation with strong projected rental yield for buy-to-let investors..
Upper-floor one-bedroom Victorian tenement flat
A compact one-bedroom upper flat in a Victorian tenement on Greenock Road, offered at auction with strong buy-to-let potential. The layout includes a sitting room, kitchen, bathroom and bedroom; ceilings are typical of the period and rooms are small to medium. Mobile signal and broadband are reported excellent and fast, supporting rental demand.
The property requires renovation and cosmetic TLC throughout — the hallway shows worn floors and redecoration is needed — so budget for repairs and refurbishment. Tenure is unknown and the flat will be sold at auction; buyers should check finance implications, legal pack details and factor in immediate works before letting.
Situated in a well-connected part of Paisley, the flat is close to shops, leisure facilities, bus links and Paisley Gilmour Street station, with easy access to Braehead, the Arena and the M8 to Glasgow. An estimated rent of around £600pcm is indicated, which at the guide price implies a high gross yield, making this suitable for investors prepared to renovate and manage a BTL in a challenging local market.
Note the local area is described as very deprived and classified as hard-pressed flat dwellers; this may affect tenant profiles, void periods and lettings strategy. Buyers seeking a low-effort purchase should be cautious; this lot is best suited to hands-on investors or developers able to carry out refurbishment and manage letting risk.
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